Zhejiang Depreciation vs Capital Expenditures Analysis

600633 Stock

11.34 0.07 0.61%

Zhejiang Daily financial indicator trend analysis is more than just analyzing Zhejiang Daily Media current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Daily Media is a good investment. Please check the relationship between Zhejiang Daily Depreciation and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Daily Media. 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 Zhejiang Daily Media Depreciation account and Capital Expenditures. At this time, the significance of the direction appears to have very week relationship.

The correlation between Zhejiang Daily's Depreciation and Capital Expenditures is 0.22. 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 Zhejiang Daily Media, assuming nothing else is changed. The correlation between historical values of Zhejiang Daily'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 Zhejiang Daily Media 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., Zhejiang Daily's Depreciation and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.22

Relationship Direction	Positive
Relationship Strength	Very Weak

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Depreciation

Depreciation indicates how much of Zhejiang Daily Media value has been used up. For tax purposes Zhejiang Daily can deduct the cost of the tangible assets it purchases as business expenses. However, Zhejiang Daily Media 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 Zhejiang Daily Media to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Zhejiang Daily operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Zhejiang Daily's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Daily Media 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 Zhejiang Daily Media. 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 390.7 M, whereas Discontinued Operations is projected to grow to (186.6 K).

	2021	2022	2023	2024 (projected)
Operating Income	803.9M	916.0M	796.4M	464.4M
Total Revenue	3.1B	5.2B	3.1B	1.9B

Operating Income Total Revenue

Zhejiang Daily fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Accounts Payable	Cash	Other Assets	Net Receivables	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Total Stockholder Equity	Retained Earnings	Long Term Debt	Inventory	Other Liab	Good Will	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		-0.14	0.39	0.31	0.61	-0.07	0.36	-0.06	0.53	0.37	0.94	0.74	0.98	0.93	0.08	-0.51	0.05	0.83	0.44	0.85	-0.17	-0.45	0.65	-0.75	0.16	-0.85
Other Current Liab	-0.14		0.39	-0.29	0.2	0.45	-0.24	0.17	0.45	0.38	-0.07	-0.48	-0.25	-0.41	0.19	0.21	0.15	-0.36	-0.14	-0.41	0.12	0.32	-0.24	0.29	0.09	0.28
Total Current Liabilities	0.39	0.39		0.34	0.51	0.07	0.23	0.2	0.79	0.17	0.39	0.18	0.26	0.18	-0.03	0.14	-0.42	0.15	-0.24	0.11	0.47	-0.32	0.13	-0.21	0.08	-0.1
Accounts Payable	0.31	-0.29	0.34		0.62	0.16	0.75	0.02	0.41	0.0	0.27	0.51	0.23	0.21	0.22	0.5	-0.39	-0.02	-0.52	0.17	0.51	-0.37	0.36	-0.38	-0.26	-0.01
Cash	0.61	0.2	0.51	0.62		0.26	0.71	-0.03	0.59	0.3	0.67	0.37	0.5	0.36	0.39	0.22	-0.06	0.14	-0.24	0.29	0.15	-0.09	0.59	-0.45	0.19	-0.31
Other Assets	-0.07	0.45	0.07	0.16	0.26		0.06	0.03	0.35	-0.23	-0.22	-0.11	-0.15	-0.25	-0.02	0.31	0.5	-0.29	-0.24	-0.29	0.15	0.09	-0.17	0.22	-0.1	0.3
Net Receivables	0.36	-0.24	0.23	0.75	0.71	0.06		-0.16	0.34	0.19	0.42	0.36	0.29	0.25	0.35	0.34	-0.17	0.02	-0.35	0.13	0.16	-0.19	0.39	-0.24	-0.05	-0.06
Other Current Assets	-0.06	0.17	0.2	0.02	-0.03	0.03	-0.16		0.1	-0.08	-0.06	-0.01	-0.11	-0.1	0.09	0.02	-0.1	-0.12	-0.1	-0.09	0.09	0.05	-0.04	0.03	-0.01	0.1
Total Liab	0.53	0.45	0.79	0.41	0.59	0.35	0.34	0.1		0.47	0.51	0.26	0.39	0.27	0.25	0.08	-0.02	0.22	-0.06	0.19	0.24	-0.28	0.05	-0.17	0.08	-0.12
Intangible Assets	0.37	0.38	0.17	0.0	0.3	-0.23	0.19	-0.08	0.47		0.52	0.09	0.32	0.25	0.5	-0.17	-0.06	0.23	0.2	0.18	-0.12	-0.06	0.05	-0.09	0.12	-0.21
Common Stock	0.94	-0.07	0.39	0.27	0.67	-0.22	0.42	-0.06	0.51	0.52		0.58	0.91	0.83	0.33	-0.43	0.02	0.7	0.44	0.76	-0.25	-0.27	0.65	-0.69	0.23	-0.79
Property Plant Equipment	0.74	-0.48	0.18	0.51	0.37	-0.11	0.36	-0.01	0.26	0.09	0.58		0.75	0.85	-0.24	-0.24	-0.3	0.76	0.06	0.71	0.2	-0.82	0.5	-0.67	-0.23	-0.61
Total Stockholder Equity	0.98	-0.25	0.26	0.23	0.5	-0.15	0.29	-0.11	0.39	0.32	0.91	0.75		0.97	0.0	-0.6	0.07	0.89	0.52	0.91	-0.24	-0.45	0.68	-0.79	0.18	-0.92
Retained Earnings	0.93	-0.41	0.18	0.21	0.36	-0.25	0.25	-0.1	0.27	0.25	0.83	0.85	0.97		-0.14	-0.64	-0.03	0.95	0.5	0.91	-0.18	-0.6	0.61	-0.74	0.1	-0.89
Long Term Debt	0.08	0.19	-0.03	0.22	0.39	-0.02	0.35	0.09	0.25	0.5	0.33	-0.24	0.0	-0.14		0.26	0.27	-0.31	0.06	-0.09	-0.37	0.51	0.06	0.06	0.08	0.11
Inventory	-0.51	0.21	0.14	0.5	0.22	0.31	0.34	0.02	0.08	-0.17	-0.43	-0.24	-0.6	-0.64	0.26		-0.33	-0.78	-0.83	-0.59	0.57	0.14	-0.17	0.28	-0.27	0.71
Other Liab	0.05	0.15	-0.42	-0.39	-0.06	0.5	-0.17	-0.1	-0.02	-0.06	0.02	-0.3	0.07	-0.03	0.27	-0.33		0.0	0.54	0.01	-0.74	0.52	-0.12	0.21	0.24	-0.08
Good Will	0.83	-0.36	0.15	-0.02	0.14	-0.29	0.02	-0.12	0.22	0.23	0.7	0.76	0.89	0.95	-0.31	-0.78	0.0		0.6	0.87	-0.22	-0.61	0.44	-0.62	0.14	-0.86
Short Term Investments	0.44	-0.14	-0.24	-0.52	-0.24	-0.24	-0.35	-0.1	-0.06	0.2	0.44	0.06	0.52	0.5	0.06	-0.83	0.54	0.6		0.55	-0.68	0.11	0.13	-0.22	0.37	-0.61
Net Tangible Assets	0.85	-0.41	0.11	0.17	0.29	-0.29	0.13	-0.09	0.19	0.18	0.76	0.71	0.91	0.91	-0.09	-0.59	0.01	0.87	0.55		-0.25	-0.4	0.75	-0.88	0.28	-0.95
Other Stockholder Equity	-0.17	0.12	0.47	0.51	0.15	0.15	0.16	0.09	0.24	-0.12	-0.25	0.2	-0.24	-0.18	-0.37	0.57	-0.74	-0.22	-0.68	-0.25		-0.52	-0.09	0.0	-0.24	0.35
Deferred Long Term Liab	-0.45	0.32	-0.32	-0.37	-0.09	0.09	-0.19	0.05	-0.28	-0.06	-0.27	-0.82	-0.45	-0.6	0.51	0.14	0.52	-0.61	0.11	-0.4	-0.52		-0.1	0.35	0.36	0.28
Long Term Investments	0.65	-0.24	0.13	0.36	0.59	-0.17	0.39	-0.04	0.05	0.05	0.65	0.5	0.68	0.61	0.06	-0.17	-0.12	0.44	0.13	0.75	-0.09	-0.1		-0.91	0.29	-0.77
Short Long Term Debt	-0.75	0.29	-0.21	-0.38	-0.45	0.22	-0.24	0.03	-0.17	-0.09	-0.69	-0.67	-0.79	-0.74	0.06	0.28	0.21	-0.62	-0.22	-0.88	0.0	0.35	-0.91		-0.12	0.85
Total Current Assets	0.16	0.09	0.08	-0.26	0.19	-0.1	-0.05	-0.01	0.08	0.12	0.23	-0.23	0.18	0.1	0.08	-0.27	0.24	0.14	0.37	0.28	-0.24	0.36	0.29	-0.12		-0.3
Short Term Debt	-0.85	0.28	-0.1	-0.01	-0.31	0.3	-0.06	0.1	-0.12	-0.21	-0.79	-0.61	-0.92	-0.89	0.11	0.71	-0.08	-0.86	-0.61	-0.95	0.35	0.28	-0.77	0.85	-0.3

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Zhejiang Daily Account Relationship Matchups

Zhejiang Daily fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.2B	11.2B	11.9B	12.2B	12.9B	13.6B
Other Current Liab	868.6M	652.7M	493.1M	4.5M	5.7M	5.4M
Total Current Liabilities	2.1B	1.7B	1.7B	1.4B	1.5B	905.8M
Accounts Payable	125.6M	105.7M	284.8M	458.1M	432.8M	454.4M
Cash	1.6B	808.5M	841.7M	1.2B	1.9B	2.0B
Other Assets	237.3M	325.0M	290.8M	245.3M	282.1M	437.2M
Net Receivables	240.1M	210.0M	230.9M	320.7M	596.2M	626.0M
Other Current Assets	186.2M	198.0M	215.3M	162.3M	183.4M	126.7M
Total Liab	2.1B	1.9B	2.2B	2.1B	2.2B	1.2B
Intangible Assets	1.2B	1.0B	894.9M	816.7M	767.5M	483.4M
Property Plant Equipment	767.4M	847.7M	1.1B	1.7B	2.0B	2.1B
Total Stockholder Equity	8.0B	8.4B	8.9B	9.3B	9.9B	10.4B
Retained Earnings	3.8B	4.2B	4.7B	4.9B	5.4B	5.7B
Long Term Debt	49.7M	172.2M	258.7M	441.1M	386.8M	337.5M
Inventory	8.2M	13.8M	27.2M	18.9M	37.8M	27.8M
Other Liab	690M	46.9M	2.7M	21.5M	24.7M	23.5M
Good Will	4.2B	4.2B	4.3B	4.3B	4.3B	4.1B
Short Term Investments	595.3M	1.0B	883.7M	502.5M	309.5M	294.0M
Net Tangible Assets	2.9B	2.6B	3.1B	3.7B	4.3B	3.1B
Other Stockholder Equity	(217.8M)	144.8K	(5.0M)	(4.6M)	(5.3M)	(5.6M)
Deferred Long Term Liab	72.4M	45.2M	18.9M	23.5M	21.2M	20.1M
Total Current Assets	3.2B	2.6B	2.3B	2.4B	3.1B	2.2B
Non Current Assets Total	8.0B	8.6B	9.6B	9.8B	9.8B	9.1B
Non Currrent Assets Other	265.1M	251.9M	210.5M	211.3M	224.2M	212.3M
Non Current Liabilities Total	60.5M	188.7M	500.4M	666.8M	642.9M	485.8M
Net Invested Capital	8.9B	9.2B	9.7B	9.7B	10.3B	10.0B
Net Working Capital	1.1B	855.6M	571.6M	1.1B	1.6B	1.1B

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

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Zhejiang Depreciation vs Capital Expenditures Analysis

Depreciation vs Capital Expenditures

Depreciation vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Depreciation

Capital Expenditures

Zhejiang Daily fundamental ratios Correlations

Zhejiang Daily Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Daily fundamental ratios Accounts

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Total Stockholder Equity	+ 0.98	Total Assets
Retained Earnings	+ 0.97	Total Stockholder Equity
Good Will	+ 0.95	Retained Earnings
Common Stock	+ 0.94	Total Assets
Retained Earnings	+ 0.93	Total Assets
Total Stockholder Equity	+ 0.91	Common Stock

Short Term Debt	- 0.95	Net Tangible Assets
Short Term Debt	- 0.92	Total Stockholder Equity
Short Long Term Debt	- 0.91	Long Term Investments
Short Term Debt	- 0.89	Retained Earnings
Short Long Term Debt	- 0.88	Net Tangible Assets
Short Term Debt	- 0.86	Good Will