Kangxin Depreciation vs Capital Expenditures Analysis

600076 Stock   2.69  0.04  1.47%   
Kangxin New financial indicator trend analysis is infinitely more than just investigating Kangxin New Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kangxin New Materials is a good investment. Please check the relationship between Kangxin New Depreciation and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kangxin New Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Depreciation vs Capital Expenditures

Depreciation vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kangxin New Materials Depreciation account and Capital Expenditures. At this time, the significance of the direction appears to have very week relationship.
The correlation between Kangxin New's Depreciation and Capital Expenditures is 0.27. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Kangxin New Materials, assuming nothing else is changed. The correlation between historical values of Kangxin New's Depreciation and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Kangxin New Materials are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Depreciation i.e., Kangxin New's Depreciation and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.27
Relationship DirectionPositive 
Relationship StrengthVery Weak

Depreciation

Depreciation indicates how much of Kangxin New Materials value has been used up. For tax purposes Kangxin New can deduct the cost of the tangible assets it purchases as business expenses. However, Kangxin New Materials must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Capital Expenditures

Capital Expenditures are funds used by Kangxin New Materials to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Kangxin New operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Kangxin New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kangxin New Materials current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kangxin New Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Tax Provision is expected to grow to about 10.7 M, whereas Selling General Administrative is forecasted to decline to about 21.7 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses128.9M78.8M374.2M392.9M
Cost Of Revenue1.1B397.9M301.0M373.4M

Kangxin New fundamental ratios Correlations

0.940.50.890.990.880.520.870.960.350.550.990.580.460.860.96-0.030.720.970.990.840.970.930.890.470.06
0.940.440.910.890.750.510.940.880.260.590.90.620.370.760.920.010.650.980.950.910.930.820.90.430.07
0.50.440.360.480.18-0.10.350.34-0.430.150.390.22-0.450.520.68-0.130.780.490.570.310.520.550.560.28-0.56
0.890.910.360.850.740.520.940.870.470.550.880.590.520.870.830.040.480.920.890.90.890.690.710.460.1
0.990.890.480.850.920.530.810.970.350.550.990.570.490.870.93-0.010.710.930.970.770.930.950.850.510.1
0.880.750.180.740.920.590.680.940.510.60.930.570.70.770.720.070.460.770.810.650.760.850.670.510.39
0.520.51-0.10.520.530.590.510.610.320.40.560.40.540.460.380.250.10.470.470.250.460.410.330.530.17
0.870.940.350.940.810.680.510.840.350.410.850.440.430.750.840.060.480.930.870.920.910.670.740.320.09
0.960.880.340.870.970.940.610.840.480.530.980.540.620.840.860.160.530.910.920.780.90.860.780.480.18
0.350.26-0.430.470.350.510.320.350.480.220.440.170.920.280.150.02-0.180.340.270.430.340.170.110.010.44
0.550.590.150.550.550.60.40.410.530.220.530.980.340.440.410.010.310.540.560.480.390.520.490.710.29
0.990.90.390.880.990.930.560.850.980.440.530.540.570.850.90.010.640.930.950.810.940.920.830.460.16
0.580.620.220.590.570.570.40.440.540.170.980.540.280.510.460.010.380.570.60.510.430.550.510.750.19
0.460.37-0.450.520.490.70.540.430.620.920.340.570.280.370.210.12-0.140.40.360.440.40.310.190.220.55
0.860.760.520.870.870.770.460.750.840.280.440.850.510.370.810.060.610.80.840.680.820.780.630.54-0.01
0.960.920.680.830.930.720.380.840.860.150.410.90.460.210.81-0.10.840.960.980.810.970.910.930.36-0.13
-0.030.01-0.130.04-0.010.070.250.060.160.020.010.010.010.120.06-0.1-0.45-0.03-0.05-0.04-0.12-0.18-0.120.130.06
0.720.650.780.480.710.460.10.480.53-0.180.310.640.38-0.140.610.84-0.450.690.770.510.730.850.80.32-0.31
0.970.980.490.920.930.770.470.930.910.340.540.930.570.40.80.96-0.030.690.980.910.970.850.910.390.01
0.990.950.570.890.970.810.470.870.920.270.560.950.60.360.840.98-0.050.770.980.850.970.920.920.47-0.02
0.840.910.310.90.770.650.250.920.780.430.480.810.510.440.680.81-0.040.510.910.850.860.660.760.270.15
0.970.930.520.890.930.760.460.910.90.340.390.940.430.40.820.97-0.120.730.970.970.860.860.880.35-0.07
0.930.820.550.690.950.850.410.670.860.170.520.920.550.310.780.91-0.180.850.850.920.660.860.880.460.05
0.890.90.560.710.850.670.330.740.780.110.490.830.510.190.630.93-0.120.80.910.920.760.880.880.25-0.07
0.470.430.280.460.510.510.530.320.480.010.710.460.750.220.540.360.130.320.390.470.270.350.460.250.04
0.060.07-0.560.10.10.390.170.090.180.440.290.160.190.55-0.01-0.130.06-0.310.01-0.020.15-0.070.05-0.070.04
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Kangxin New Account Relationship Matchups

Kangxin New fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.6B7.1B8.0B7.1B7.0B7.3B
Short Long Term Debt Total1.3B2.5B2.2B1.4B1.7B1.7B
Other Current Liab2.6M613.8K507.2M893.6M505.7M530.9M
Total Current Liabilities1.9B2.4B2.5B1.9B1.6B848.5M
Total Stockholder Equity4.1B4.0B4.8B4.6B4.3B4.6B
Property Plant And Equipment Net1.2B1.1B1.1B1.0B945.9M993.2M
Current Deferred Revenue242.9M267.1M230.4M4.0M4.6M4.3M
Net Debt1.0B2.2B1.5B1.2B872.5M916.2M
Retained Earnings2.5B2.3B2.3B2.1B1.8B1.9B
Accounts Payable453.5M214.2M135.6M36.8M42.1M40.0M
Cash269.6M320.1M699.6M237.7M178.0M196.0M
Non Current Assets Total3.0B3.1B3.1B3.0B2.8B3.0B
Cash And Short Term Investments269.6M320.1M900.1M237.7M273.4M203.7M
Net Receivables637.6M392.3M193.6M44.3M85.7M81.4M
Common Stock Shares Outstanding1.0B1.0B1.5B1.4B1.3B710.8M
Liabilities And Stockholders Equity6.6B7.1B8.0B7.1B8.2B8.6B
Inventory2.7B3.3B3.8B3.8B3.9B4.0B
Other Current Assets36.0M39.1M43.8M16.0M15.7M16.5M
Other Stockholder Equity617.4M617.2M617.2M1.2B1.3B1.4B
Total Liab2.4B3.1B3.1B2.5B2.6B2.7B
Total Current Assets3.6B4.0B4.9B4.1B4.2B4.4B
Short Term Debt1.2B1.9B1.6B919.5M1.1B1.1B
Intangible Assets1.5B1.7B1.7B1.6B1.6B1.6B
Non Current Liabilities Total550.3M729.5M632.3M596.7M947.2M994.5M
Non Currrent Assets Other42.9M32.2K353.3M108.7M21.6M20.5M
Other Assets117.1M1.092.2M143.7M1.151.09
Long Term Debt493.7M542.1M570M520M745M782.3M
Property Plant Equipment1.2B1.1B1.1B1.1B1.2B1.3B
Other Liab450.6M187.5M51.4M70.8M81.4M71.7M
Short Term Investments(106.6M)(141.3M)200.5M(27.5M)(31.7M)(33.2M)
Net Tangible Assets2.4B2.1B3.0B2.9B3.3B2.7B
Deferred Long Term Liab44.8M69.1M82.3M53.0M60.9M60.2M
Short Long Term Debt849.4M1.7B1.6B861.7M305.6M290.3M
Non Current Liabilities Other602.6K99.6M99.7M134.0M154.2M80.3M
Net Invested Capital5.1B6.2B7.0B6.0B5.4B6.1B
Net Working Capital1.7B1.6B2.4B2.3B2.6B2.1B

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Other Information on Investing in Kangxin Stock

Balance Sheet is a snapshot of the financial position of Kangxin New Materials at a specified time, usually calculated after every quarter, six months, or one year. Kangxin New Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kangxin New and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Kangxin currently owns. An asset can also be divided into two categories, current and non-current.