Zhejiang Investments vs Net Income 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 Investments and its Net Income 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.

Investments vs Net Income

Investments vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Daily Media Investments account and Net Income. At this time, the significance of the direction appears to have pay attention.

The correlation between Zhejiang Daily's Investments and Net Income is -0.74. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Net Income 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 Investments and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Zhejiang Daily Media are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Investments i.e., Zhejiang Daily's Investments and Net Income go up and down completely randomly.

Correlation Coefficient

-0.74

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Net Income

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

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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Other Information on Investing in Zhejiang Stock

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 Investments vs Net Income Analysis

Investments vs Net Income

Investments vs Net Income Correlation Analysis

Correlation Coefficient

Investments

Net Income

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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Other Information on Investing in Zhejiang Stock

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COMPANY

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