Heilongjiang Depreciation vs Free Cash Flow Analysis

600598 Stock

13.87 0.38 2.67%

Heilongjiang Agriculture financial indicator trend analysis is much more than just examining Heilongjiang Agriculture latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Heilongjiang Agriculture is a good investment. Please check the relationship between Heilongjiang Agriculture Depreciation and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Heilongjiang Agriculture Co. 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 Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heilongjiang Agriculture Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Heilongjiang Agriculture's Depreciation and Free Cash Flow is -0.7. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Heilongjiang Agriculture Co, assuming nothing else is changed. The correlation between historical values of Heilongjiang Agriculture's Depreciation and Free Cash Flow 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 Heilongjiang Agriculture Co are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Depreciation i.e., Heilongjiang Agriculture's Depreciation and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.7

Relationship Direction	Negative
Relationship Strength	Weak

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Depreciation

Depreciation indicates how much of Heilongjiang Agriculture value has been used up. For tax purposes Heilongjiang Agriculture can deduct the cost of the tangible assets it purchases as business expenses. However, Heilongjiang Agriculture Co 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.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Heilongjiang Agriculture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Heilongjiang Agriculture 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 Heilongjiang Agriculture Co. 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 Selling General Administrative is expected to grow to about 676 M. The current year's Tax Provision is expected to grow to about 31.8 M

	2022	2023	2024	2025 (projected)
Operating Income	989.5M	1.1B	1.2B	729.8M
Total Revenue	4.3B	5.0B	5.8B	5.4B

Operating Income Total Revenue

Heilongjiang Agriculture fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Retained Earnings	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		0.77	0.9	0.07	0.08	0.81	0.38	0.17	-0.24	0.47	0.89	0.32	0.88	-0.65	0.36	0.95	-0.36	-0.09	-0.21	0.11	-0.12	-0.37	-0.2	-0.09	-0.27	-0.24
Other Current Liab	0.77		0.93	-0.33	-0.38	0.91	-0.04	-0.38	0.02	0.79	0.95	0.42	0.92	-0.76	-0.05	0.76	-0.37	-0.1	-0.71	0.57	-0.46	-0.7	-0.68	-0.61	-0.64	-0.71
Total Current Liabilities	0.9	0.93		-0.29	-0.19	0.97	0.1	-0.15	0.08	0.77	0.99	0.36	1.0	-0.88	-0.01	0.86	-0.49	-0.15	-0.56	0.4	-0.36	-0.64	-0.53	-0.44	-0.55	-0.56
Total Stockholder Equity	0.07	-0.33	-0.29		0.51	-0.43	0.66	0.58	-0.82	-0.73	-0.29	-0.04	-0.33	0.57	0.86	0.06	0.5	0.28	0.74	-0.57	0.48	0.72	0.71	0.61	0.64	0.73
Other Liab	0.08	-0.38	-0.19	0.51		-0.32	0.3	0.89	-0.26	-0.5	-0.28	0.15	-0.19	0.17	0.32	-0.1	0.38	-0.06	0.72	-0.62	0.81	0.76	0.53	0.67	0.84	0.76
Accounts Payable	0.81	0.91	0.97	-0.43	-0.32		0.04	-0.24	0.23	0.81	0.97	0.3	0.98	-0.9	-0.15	0.79	-0.59	-0.21	-0.62	0.41	-0.39	-0.76	-0.61	-0.5	-0.63	-0.63
Cash	0.38	-0.04	0.1	0.66	0.3	0.04		0.45	-0.43	-0.3	0.1	-0.33	0.09	0.06	0.56	0.31	-0.11	-0.3	0.58	-0.59	0.23	0.35	0.59	0.4	0.3	0.55
Other Assets	0.17	-0.38	-0.15	0.58	0.89	-0.24	0.45		-0.31	-0.57	-0.23	0.07	-0.15	0.17	0.45	0.06	0.32	-0.02	0.76	-0.79	0.73	0.62	0.57	0.72	0.85	0.76
Long Term Debt	-0.24	0.02	0.08	-0.82	-0.26	0.23	-0.43	-0.31		0.53	0.04	-0.11	0.13	-0.51	-0.88	-0.32	-0.43	-0.43	-0.35	0.24	-0.21	-0.42	-0.34	-0.27	-0.34	-0.35
Net Receivables	0.47	0.79	0.77	-0.73	-0.5	0.81	-0.3	-0.57	0.53		0.77	0.23	0.79	-0.86	-0.51	0.42	-0.63	-0.27	-0.77	0.7	-0.64	-0.77	-0.65	-0.64	-0.79	-0.77
Inventory	0.89	0.95	0.99	-0.29	-0.28	0.97	0.1	-0.23	0.04	0.77		0.35	0.99	-0.84	0.02	0.87	-0.5	-0.11	-0.6	0.45	-0.41	-0.68	-0.56	-0.48	-0.61	-0.6
Other Current Assets	0.32	0.42	0.36	-0.04	0.15	0.3	-0.33	0.07	-0.11	0.23	0.35		0.36	-0.26	0.06	0.28	0.04	0.11	-0.26	0.28	0.13	-0.13	-0.31	-0.13	0.0	-0.14
Total Liab	0.88	0.92	1.0	-0.33	-0.19	0.98	0.09	-0.15	0.13	0.79	0.99	0.36		-0.9	-0.04	0.84	-0.51	-0.17	-0.56	0.4	-0.36	-0.65	-0.54	-0.45	-0.55	-0.56
Intangible Assets	-0.65	-0.76	-0.88	0.57	0.17	-0.9	0.06	0.17	-0.51	-0.86	-0.84	-0.26	-0.9		0.4	-0.56	0.58	0.32	0.57	-0.38	0.34	0.63	0.57	0.49	0.53	0.55
Common Stock	0.36	-0.05	-0.01	0.86	0.32	-0.15	0.56	0.45	-0.88	-0.51	0.02	0.06	-0.04	0.4		0.44	0.37	0.47	0.48	-0.3	0.28	0.41	0.5	0.5	0.33	0.43
Property Plant Equipment	0.95	0.76	0.86	0.06	-0.1	0.79	0.31	0.06	-0.32	0.42	0.87	0.28	0.84	-0.56	0.44		-0.31	0.13	-0.33	0.21	-0.23	-0.48	-0.29	-0.19	-0.39	-0.36
Retained Earnings	-0.36	-0.37	-0.49	0.5	0.38	-0.59	-0.11	0.32	-0.43	-0.63	-0.5	0.04	-0.51	0.58	0.37	-0.31		0.49	0.31	-0.2	0.41	0.57	0.17	0.21	0.55	0.28
Short Term Investments	-0.09	-0.1	-0.15	0.28	-0.06	-0.21	-0.3	-0.02	-0.43	-0.27	-0.11	0.11	-0.17	0.32	0.47	0.13	0.49		-0.09	0.26	-0.05	0.09	-0.05	0.0	-0.03	-0.11
Net Tangible Assets	-0.21	-0.71	-0.56	0.74	0.72	-0.62	0.58	0.76	-0.35	-0.77	-0.6	-0.26	-0.56	0.57	0.48	-0.33	0.31	-0.09		-0.85	0.71	0.84	0.93	0.91	0.85	0.96
Other Stockholder Equity	0.11	0.57	0.4	-0.57	-0.62	0.41	-0.59	-0.79	0.24	0.7	0.45	0.28	0.4	-0.38	-0.3	0.21	-0.2	0.26	-0.85		-0.66	-0.59	-0.71	-0.7	-0.81	-0.79
Deferred Long Term Liab	-0.12	-0.46	-0.36	0.48	0.81	-0.39	0.23	0.73	-0.21	-0.64	-0.41	0.13	-0.36	0.34	0.28	-0.23	0.41	-0.05	0.71	-0.66		0.67	0.47	0.71	0.78	0.73
Long Term Investments	-0.37	-0.7	-0.64	0.72	0.76	-0.76	0.35	0.62	-0.42	-0.77	-0.68	-0.13	-0.65	0.63	0.41	-0.48	0.57	0.09	0.84	-0.59	0.67		0.76	0.67	0.83	0.88
Total Current Assets	-0.2	-0.68	-0.53	0.71	0.53	-0.61	0.59	0.57	-0.34	-0.65	-0.56	-0.31	-0.54	0.57	0.5	-0.29	0.17	-0.05	0.93	-0.71	0.47	0.76		0.86	0.64	0.87
Non Current Assets Total	-0.09	-0.61	-0.44	0.61	0.67	-0.5	0.4	0.72	-0.27	-0.64	-0.48	-0.13	-0.45	0.49	0.5	-0.19	0.21	0.0	0.91	-0.7	0.71	0.67	0.86		0.72	0.84
Non Currrent Assets Other	-0.27	-0.64	-0.55	0.64	0.84	-0.63	0.3	0.85	-0.34	-0.79	-0.61	0.0	-0.55	0.53	0.33	-0.39	0.55	-0.03	0.85	-0.81	0.78	0.83	0.64	0.72		0.86
Non Current Liabilities Total	-0.24	-0.71	-0.56	0.73	0.76	-0.63	0.55	0.76	-0.35	-0.77	-0.6	-0.14	-0.56	0.55	0.43	-0.36	0.28	-0.11	0.96	-0.79	0.73	0.88	0.87	0.84	0.86

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Heilongjiang Agriculture Account Relationship Matchups

Heilongjiang Agriculture fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	8.1B	8.0B	8.2B	8.7B	10.0B	10.5B
Other Current Liab	718.8M	732.2M	418.6M	3.2M	2.9M	2.8M
Total Current Liabilities	1.3B	1.2B	1.1B	1.2B	1.1B	1.1B
Total Stockholder Equity	7.0B	7.1B	7.2B	7.5B	8.6B	5.7B
Other Liab	116.8M	114.0M	109.0M	89.4M	102.8M	107.9M
Accounts Payable	61.1M	100.5M	113.3M	96.9M	87.2M	82.9M
Cash	1.6B	1.7B	3.1B	2.4B	2.7B	1.4B
Other Assets	563.6M	555.6M	525.9M	527.6M	606.8M	637.1M
Net Receivables	217.5M	12.9M	35.0M	10.9M	9.8M	9.3M
Inventory	212.3M	179.8M	184.9M	244.8M	220.3M	209.3M
Other Current Assets	95.8M	23.5M	9.7M	39.0M	44.9M	42.6M
Total Liab	1.4B	1.3B	1.3B	1.4B	1.3B	1.2B
Intangible Assets	418.8M	414.5M	405.0M	414.4M	476.6M	500.4M
Property Plant Equipment	3.2B	3.3B	3.3B	3.4B	3.9B	4.3B
Retained Earnings	2.8B	2.7B	925.2M	1.1B	1.3B	1.2B
Short Term Investments	1.0B	1.3B	150.5M	1.0B	1.2B	878.6M
Net Tangible Assets	6.2B	6.5B	6.5B	6.8B	7.8B	6.6B
Deferred Long Term Liab	49.5M	44.1M	52.8M	42.9M	49.4M	46.6M
Total Current Assets	3.2B	3.2B	3.5B	3.7B	4.3B	3.5B
Non Current Assets Total	4.9B	4.8B	4.8B	5.0B	5.8B	5.3B
Non Currrent Assets Other	473.1M	484.7M	455.3M	383.8M	441.3M	394.6M
Non Current Liabilities Total	112.2M	92.9M	159.8M	164.1M	188.7M	120.5M
Net Invested Capital	7.0B	7.1B	7.2B	7.5B	8.6B	7.5B
Net Working Capital	1.9B	2.0B	2.4B	2.5B	2.8B	2.1B
Property Plant And Equipment Net	3.3B	3.3B	3.4B	3.7B	4.3B	3.7B
Property Plant And Equipment Gross	6.7B	6.9B	3.4B	3.7B	3.4B	4.4B

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Other Information on Investing in Heilongjiang Stock

Balance Sheet is a snapshot of the financial position of Heilongjiang Agriculture at a specified time, usually calculated after every quarter, six months, or one year. Heilongjiang Agriculture Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Heilongjiang Agriculture 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 Heilongjiang currently owns. An asset can also be divided into two categories, current and non-current.

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Heilongjiang Depreciation vs Free Cash Flow Analysis

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Depreciation

Free Cash Flow

Heilongjiang Agriculture fundamental ratios Correlations

Heilongjiang Agriculture Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Heilongjiang Agriculture fundamental ratios Accounts

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Other Information on Investing in Heilongjiang Stock

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Total Liab	+ 1.0	Total Current Liabilities
Inventory	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Inventory
Total Liab	+ 0.98	Accounts Payable
Accounts Payable	+ 0.97	Total Current Liabilities
Inventory	+ 0.97	Accounts Payable

Intangible Assets	- 0.9	Total Liab
Intangible Assets	- 0.9	Accounts Payable
Common Stock	- 0.88	Long Term Debt
Intangible Assets	- 0.88	Total Current Liabilities
Intangible Assets	- 0.86	Net Receivables
Other Stockholder Equity	- 0.85	Net Tangible Assets