Kangxin Net Income vs Capital Expenditures Analysis

600076 Stock

1.96 0.01 0.51%

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 Net Income 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.

Net Income vs Capital Expenditures

Net Income 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 Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have strong relationship.

The correlation between Kangxin New's Net Income and Capital Expenditures is 0.77. Overlapping area represents the amount of variation of Net Income 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 Net Income 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 Net Income 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 Net Income i.e., Kangxin New's Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Kangxin New Materials financial statement analysis. It represents the amount of money remaining after all of Kangxin New Materials operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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 19.5 M.

	2022	2023	2024	2025 (projected)
Total Operating Expenses	78.8M	374.2M	430.3M	451.8M
Cost Of Revenue	397.9M	301.0M	346.1M	373.4M

Total Operating Expenses Cost Of Revenue

Kangxin New fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Non Current Liabilities Total	Non Currrent Assets Other	Other Assets
Total Assets		0.94	0.57	0.95	0.99	0.88	0.47	0.86	0.96	0.25	0.5	0.99	0.53	0.35	0.94	0.96	-0.07	0.78	0.98	0.99	0.81	0.97	0.95	0.9	0.41	-0.02
Short Long Term Debt Total	0.94		0.47	0.97	0.89	0.77	0.5	0.95	0.89	0.23	0.58	0.91	0.61	0.33	0.83	0.89	-0.01	0.66	0.97	0.94	0.91	0.92	0.82	0.85	0.41	0.03
Other Current Liab	0.57	0.47		0.5	0.56	0.25	-0.1	0.39	0.4	-0.46	0.13	0.47	0.2	-0.47	0.7	0.73	-0.17	0.82	0.57	0.64	0.31	0.6	0.6	0.65	0.22	-0.58
Total Current Liabilities	0.95	0.97	0.5		0.92	0.78	0.49	0.95	0.92	0.34	0.51	0.93	0.55	0.39	0.86	0.91	-0.02	0.66	0.98	0.95	0.91	0.96	0.83	0.82	0.39	-0.02
Total Stockholder Equity	0.99	0.89	0.56	0.92		0.92	0.49	0.81	0.97	0.26	0.51	0.99	0.53	0.39	0.95	0.93	-0.05	0.76	0.94	0.97	0.75	0.94	0.97	0.86	0.45	0.02
Property Plant And Equipment Net	0.88	0.77	0.25	0.78	0.92		0.57	0.69	0.94	0.45	0.58	0.93	0.56	0.63	0.79	0.72	0.03	0.52	0.78	0.81	0.65	0.77	0.88	0.67	0.48	0.32
Current Deferred Revenue	0.47	0.5	-0.1	0.49	0.49	0.57		0.5	0.58	0.31	0.4	0.52	0.4	0.54	0.37	0.33	0.25	0.09	0.43	0.42	0.25	0.42	0.4	0.27	0.53	0.17
Net Debt	0.86	0.95	0.39	0.95	0.81	0.69	0.5		0.84	0.31	0.4	0.85	0.43	0.38	0.75	0.82	0.04	0.52	0.91	0.85	0.92	0.89	0.69	0.71	0.3	0.05
Retained Earnings	0.96	0.89	0.4	0.92	0.97	0.94	0.58	0.84		0.41	0.51	0.98	0.52	0.55	0.87	0.85	0.12	0.58	0.91	0.92	0.77	0.9	0.88	0.77	0.45	0.12
Accounts Payable	0.25	0.23	-0.46	0.34	0.26	0.45	0.31	0.31	0.41		0.22	0.35	0.17	0.93	0.07	0.05	0.04	-0.22	0.24	0.17	0.42	0.24	0.12	0.0	0.02	0.46
Cash	0.5	0.58	0.13	0.51	0.51	0.58	0.4	0.4	0.51	0.22		0.49	0.98	0.34	0.35	0.35	0.01	0.29	0.49	0.5	0.48	0.35	0.51	0.4	0.71	0.28
Non Current Assets Total	0.99	0.91	0.47	0.93	0.99	0.93	0.52	0.85	0.98	0.35	0.49		0.51	0.48	0.91	0.91	-0.04	0.7	0.94	0.96	0.79	0.94	0.94	0.84	0.41	0.08
Cash And Short Term Investments	0.53	0.61	0.2	0.55	0.53	0.56	0.4	0.43	0.52	0.17	0.98	0.51		0.28	0.41	0.41	0.02	0.36	0.53	0.55	0.51	0.4	0.53	0.43	0.75	0.18
Net Receivables	0.35	0.33	-0.47	0.39	0.39	0.63	0.54	0.38	0.55	0.93	0.34	0.48	0.28		0.15	0.11	0.14	-0.19	0.3	0.25	0.42	0.3	0.26	0.07	0.23	0.56
Common Stock Shares Outstanding	0.94	0.83	0.7	0.86	0.95	0.79	0.37	0.75	0.87	0.07	0.35	0.91	0.41	0.15		0.96	-0.06	0.86	0.89	0.95	0.67	0.92	0.94	0.85	0.38	-0.2
Inventory	0.96	0.89	0.73	0.91	0.93	0.72	0.33	0.82	0.85	0.05	0.35	0.91	0.41	0.11	0.96		-0.15	0.88	0.96	0.98	0.75	0.97	0.92	0.94	0.28	-0.21
Other Current Assets	-0.07	-0.01	-0.17	-0.02	-0.05	0.03	0.25	0.04	0.12	0.04	0.01	-0.04	0.02	0.14	-0.06	-0.15		-0.47	-0.08	-0.1	-0.05	-0.16	-0.21	-0.17	0.14	0.09
Other Stockholder Equity	0.78	0.66	0.82	0.66	0.76	0.52	0.09	0.52	0.58	-0.22	0.29	0.7	0.36	-0.19	0.86	0.88	-0.47		0.75	0.82	0.5	0.79	0.86	0.83	0.28	-0.35
Total Liab	0.98	0.97	0.57	0.98	0.94	0.78	0.43	0.91	0.91	0.24	0.49	0.94	0.53	0.3	0.89	0.96	-0.08	0.75		0.98	0.88	0.98	0.88	0.91	0.34	-0.07
Total Current Assets	0.99	0.94	0.64	0.95	0.97	0.81	0.42	0.85	0.92	0.17	0.5	0.96	0.55	0.25	0.95	0.98	-0.1	0.82	0.98		0.81	0.97	0.94	0.93	0.39	-0.1
Short Term Debt	0.81	0.91	0.31	0.91	0.75	0.65	0.25	0.92	0.77	0.42	0.48	0.79	0.51	0.42	0.67	0.75	-0.05	0.5	0.88	0.81		0.83	0.65	0.68	0.26	0.14
Intangible Assets	0.97	0.92	0.6	0.96	0.94	0.77	0.42	0.89	0.9	0.24	0.35	0.94	0.4	0.3	0.92	0.97	-0.16	0.79	0.98	0.97	0.83		0.89	0.89	0.29	-0.14
Common Stock	0.95	0.82	0.6	0.83	0.97	0.88	0.4	0.69	0.88	0.12	0.51	0.94	0.53	0.26	0.94	0.92	-0.21	0.86	0.88	0.94	0.65	0.89		0.88	0.43	0.0
Non Current Liabilities Total	0.9	0.85	0.65	0.82	0.86	0.67	0.27	0.71	0.77	0.0	0.4	0.84	0.43	0.07	0.85	0.94	-0.17	0.83	0.91	0.93	0.68	0.89	0.88		0.17	-0.17
Non Currrent Assets Other	0.41	0.41	0.22	0.39	0.45	0.48	0.53	0.3	0.45	0.02	0.71	0.41	0.75	0.23	0.38	0.28	0.14	0.28	0.34	0.39	0.26	0.29	0.43	0.17		0.05
Other Assets	-0.02	0.03	-0.58	-0.02	0.02	0.32	0.17	0.05	0.12	0.46	0.28	0.08	0.18	0.56	-0.2	-0.21	0.09	-0.35	-0.07	-0.1	0.14	-0.14	0.0	-0.17	0.05

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Kangxin New Account Relationship Matchups

Kangxin New fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	7.1B	8.0B	7.1B	7.0B	8.0B	8.4B
Short Long Term Debt Total	1.3B	2.5B	2.2B	1.4B	1.7B	1.7B
Other Current Liab	613.8K	507.2M	893.6M	505.7M	581.5M	610.6M
Total Current Liabilities	2.4B	2.5B	1.9B	1.6B	1.8B	1.9B
Total Stockholder Equity	4.0B	4.8B	4.6B	4.3B	5.0B	5.2B
Property Plant And Equipment Net	1.1B	1.1B	1.0B	945.9M	1.1B	1.1B
Current Deferred Revenue	242.9M	267.1M	230.4M	4.0M	4.6M	4.3M
Net Debt	2.2B	1.5B	1.2B	872.5M	1.0B	1.1B
Retained Earnings	2.3B	2.3B	2.1B	1.8B	2.1B	2.2B
Accounts Payable	214.2M	135.6M	36.8M	42.1M	48.4M	46.0M
Cash	320.1M	699.6M	237.7M	178.0M	204.8M	196.0M
Non Current Assets Total	3.1B	3.1B	3.0B	2.8B	3.3B	3.4B
Cash And Short Term Investments	269.6M	320.1M	900.1M	237.7M	273.4M	203.7M
Net Receivables	392.3M	193.6M	44.3M	85.7M	77.1M	73.3M
Common Stock Shares Outstanding	1.0B	1.5B	1.4B	1.3B	1.5B	1.6B
Liabilities And Stockholders Equity	6.6B	7.1B	8.0B	7.1B	8.2B	8.6B
Inventory	3.3B	3.8B	3.8B	3.9B	4.4B	4.7B
Other Current Assets	39.1M	43.8M	16.0M	15.7M	14.1M	14.8M
Total Liab	3.1B	3.1B	2.5B	2.6B	2.9B	3.1B
Total Current Assets	4.0B	4.9B	4.1B	4.2B	4.8B	5.0B
Short Term Debt	1.2B	1.9B	1.6B	919.5M	1.1B	1.1B
Intangible Assets	1.7B	1.7B	1.6B	1.6B	1.8B	1.9B
Non Current Liabilities Total	729.5M	632.3M	596.7M	947.2M	1.1B	1.1B
Non Currrent Assets Other	32.2K	353.3M	108.7M	21.6M	19.4M	18.4M
Long Term Debt	542.1M	570M	520M	745M	856.8M	899.6M
Property Plant Equipment	1.2B	1.1B	1.1B	1.1B	1.2B	1.3B
Other Liab	450.6M	187.5M	51.4M	70.8M	81.4M	71.7M
Short Term Investments	(106.6M)	(141.3M)	200.5M	(27.5M)	(31.7M)	(33.2M)
Net Tangible Assets	2.4B	2.1B	3.0B	2.9B	3.3B	2.7B
Deferred Long Term Liab	44.8M	69.1M	82.3M	53.0M	60.9M	60.2M
Short Long Term Debt	1.7B	1.6B	861.7M	305.6M	351.4M	333.8M
Net Invested Capital	6.2B	7.0B	6.0B	5.4B	6.2B	6.1B
Net Working Capital	1.6B	2.4B	2.3B	2.6B	2.9B	2.1B
Property Plant And Equipment Gross	1.5B	1.6B	1.0B	1.6B	1.4B	1.2B

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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.

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Kangxin Net Income vs Capital Expenditures Analysis

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Net Income

Capital Expenditures

Kangxin New fundamental ratios Correlations

Kangxin New Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kangxin New fundamental ratios Accounts

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Other Information on Investing in Kangxin Stock

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Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Current Liabilities

Other Assets	- 0.58	Other Current Liab
Other Stockholder Equity	- 0.47	Other Current Assets
Net Receivables	- 0.47	Other Current Liab
Accounts Payable	- 0.46	Other Current Liab
Other Assets	- 0.35	Other Stockholder Equity
Other Stockholder Equity	- 0.22	Accounts Payable