Sanan Depreciation vs Capital Expenditures Analysis

600703 Stock

12.81 0.17 1.31%

Sanan Optoelectronics financial indicator trend analysis is much more than just breaking down Sanan Optoelectronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sanan Optoelectronics is a good investment. Please check the relationship between Sanan Optoelectronics Depreciation and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sanan Optoelectronics 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 board of governors.

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 Sanan Optoelectronics Depreciation account and Capital Expenditures. At this time, the significance of the direction appears to have weak relationship.

The correlation between Sanan Optoelectronics' Depreciation and Capital Expenditures is 0.38. 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 Sanan Optoelectronics Co, assuming nothing else is changed. The correlation between historical values of Sanan Optoelectronics' 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 Sanan Optoelectronics Co 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., Sanan Optoelectronics' Depreciation and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Depreciation

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

Capital Expenditures

Capital Expenditures are funds used by Sanan Optoelectronics to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Sanan Optoelectronics operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Sanan Optoelectronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sanan Optoelectronics 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 Sanan Optoelectronics 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 board of governors.

As of December 14, 2024, Selling General Administrative is expected to decline to about 170.6 M. In addition to that, Tax Provision is expected to decline to about 102.6 M

	2021	2022	2023	2024 (projected)
Cost Of Revenue	9.8B	10.9B	12.6B	13.2B
Total Revenue	12.6B	13.2B	14.1B	14.8B

Cost Of Revenue Total Revenue

Sanan Optoelectronics 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	Good Will	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		0.44	0.96	0.99	0.94	0.94	0.86	0.94	0.71	0.39	0.98	0.2	0.97	0.98	0.93	0.98	0.79	-0.3	0.88	0.87	0.36	0.87	-0.77	0.83	0.9	0.47
Other Current Liab	0.44		0.46	0.41	0.33	0.31	0.08	0.46	0.22	0.07	0.47	0.71	0.48	0.44	0.34	0.43	0.52	0.36	0.53	0.39	-0.51	0.43	-0.4	0.39	0.32	0.13
Total Current Liabilities	0.96	0.46		0.92	0.95	0.97	0.76	0.92	0.69	0.3	0.96	0.21	0.99	0.93	0.82	0.96	0.71	-0.4	0.86	0.87	0.41	0.87	-0.7	0.89	0.89	0.5
Total Stockholder Equity	0.99	0.41	0.92		0.9	0.92	0.89	0.94	0.66	0.44	0.97	0.16	0.93	0.98	0.96	0.95	0.83	-0.26	0.86	0.86	0.35	0.87	-0.79	0.79	0.88	0.47
Other Liab	0.94	0.33	0.95	0.9		0.94	0.79	0.85	0.75	0.16	0.93	0.09	0.97	0.88	0.8	0.98	0.57	-0.4	0.87	0.86	0.44	0.79	-0.61	0.77	0.87	0.35
Accounts Payable	0.94	0.31	0.97	0.92	0.94		0.78	0.88	0.68	0.32	0.95	0.07	0.95	0.92	0.84	0.95	0.7	-0.43	0.79	0.86	0.57	0.86	-0.71	0.85	0.88	0.45
Cash	0.86	0.08	0.76	0.89	0.79	0.78		0.76	0.66	0.39	0.79	-0.06	0.77	0.82	0.86	0.8	0.63	-0.37	0.72	0.74	0.48	0.66	-0.54	0.65	0.83	0.33
Other Assets	0.94	0.46	0.92	0.94	0.85	0.88	0.76		0.58	0.45	0.93	0.16	0.9	0.96	0.9	0.91	0.82	-0.35	0.81	0.81	0.31	0.89	-0.81	0.87	0.83	0.69
Long Term Debt	0.71	0.22	0.69	0.66	0.75	0.68	0.66	0.58		0.38	0.6	0.22	0.76	0.58	0.69	0.73	0.39	-0.27	0.47	0.54	0.4	0.41	-0.35	0.55	0.6	0.22
Net Receivables	0.39	0.07	0.3	0.44	0.16	0.32	0.39	0.45	0.38		0.31	0.26	0.28	0.43	0.59	0.26	0.69	-0.03	0.0	0.25	0.28	0.41	-0.56	0.42	0.27	0.6
Inventory	0.98	0.47	0.96	0.97	0.93	0.95	0.79	0.93	0.6	0.31		0.22	0.96	0.97	0.88	0.97	0.8	-0.27	0.91	0.89	0.33	0.92	-0.81	0.85	0.9	0.48
Other Current Assets	0.2	0.71	0.21	0.16	0.09	0.07	-0.06	0.16	0.22	0.26	0.22		0.25	0.17	0.17	0.13	0.33	0.51	0.17	0.07	-0.44	0.15	-0.2	0.21	0.05	0.12
Total Liab	0.97	0.48	0.99	0.93	0.97	0.95	0.77	0.9	0.76	0.28	0.96	0.25		0.92	0.84	0.98	0.68	-0.35	0.87	0.87	0.36	0.83	-0.67	0.85	0.89	0.44
Intangible Assets	0.98	0.44	0.93	0.98	0.88	0.92	0.82	0.96	0.58	0.43	0.97	0.17	0.92		0.94	0.95	0.84	-0.28	0.87	0.86	0.35	0.91	-0.83	0.81	0.86	0.54
Common Stock	0.93	0.34	0.82	0.96	0.8	0.84	0.86	0.9	0.69	0.59	0.88	0.17	0.84	0.94		0.88	0.84	-0.2	0.73	0.75	0.37	0.8	-0.79	0.7	0.78	0.51
Property Plant Equipment	0.98	0.43	0.96	0.95	0.98	0.95	0.8	0.91	0.73	0.26	0.97	0.13	0.98	0.95	0.88		0.69	-0.33	0.89	0.87	0.38	0.84	-0.71	0.79	0.87	0.39
Retained Earnings	0.79	0.52	0.71	0.83	0.57	0.7	0.63	0.82	0.39	0.69	0.8	0.33	0.68	0.84	0.84	0.69		-0.03	0.62	0.75	0.14	0.87	-0.9	0.75	0.73	0.59
Short Term Investments	-0.3	0.36	-0.4	-0.26	-0.4	-0.43	-0.37	-0.35	-0.27	-0.03	-0.27	0.51	-0.35	-0.28	-0.2	-0.33	-0.03		-0.21	-0.36	-0.58	-0.28	0.22	-0.51	-0.45	-0.42
Good Will	0.88	0.53	0.86	0.86	0.87	0.79	0.72	0.81	0.47	0.0	0.91	0.17	0.87	0.87	0.73	0.89	0.62	-0.21		0.86	0.08	0.8	-0.63	0.69	0.86	0.27
Net Tangible Assets	0.87	0.39	0.87	0.86	0.86	0.86	0.74	0.81	0.54	0.25	0.89	0.07	0.87	0.86	0.75	0.87	0.75	-0.36	0.86		0.31	0.92	-0.73	0.83	0.97	0.36
Other Stockholder Equity	0.36	-0.51	0.41	0.35	0.44	0.57	0.48	0.31	0.4	0.28	0.33	-0.44	0.36	0.35	0.37	0.38	0.14	-0.58	0.08	0.31		0.32	-0.17	0.39	0.38	0.3
Deferred Long Term Liab	0.87	0.43	0.87	0.87	0.79	0.86	0.66	0.89	0.41	0.41	0.92	0.15	0.83	0.91	0.8	0.84	0.87	-0.28	0.8	0.92	0.32		-0.87	0.87	0.89	0.6
Long Term Investments	-0.77	-0.4	-0.7	-0.79	-0.61	-0.71	-0.54	-0.81	-0.35	-0.56	-0.81	-0.2	-0.67	-0.83	-0.79	-0.71	-0.9	0.22	-0.63	-0.73	-0.17	-0.87		-0.73	-0.7	-0.62
Short Long Term Debt	0.83	0.39	0.89	0.79	0.77	0.85	0.65	0.87	0.55	0.42	0.85	0.21	0.85	0.81	0.7	0.79	0.75	-0.51	0.69	0.83	0.39	0.87	-0.73		0.88	0.7
Total Current Assets	0.9	0.32	0.89	0.88	0.87	0.88	0.83	0.83	0.6	0.27	0.9	0.05	0.89	0.86	0.78	0.87	0.73	-0.45	0.86	0.97	0.38	0.89	-0.7	0.88		0.42
Short Term Debt	0.47	0.13	0.5	0.47	0.35	0.45	0.33	0.69	0.22	0.6	0.48	0.12	0.44	0.54	0.51	0.39	0.59	-0.42	0.27	0.36	0.3	0.6	-0.62	0.7	0.42

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Sanan Optoelectronics Account Relationship Matchups

Sanan Optoelectronics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	29.7B	39.0B	47.5B	58.4B	57.7B	60.6B
Other Current Liab	685.4M	787.7M	2.9B	906.3M	539.5M	457.2M
Total Current Liabilities	4.6B	4.8B	8.7B	11.7B	10.2B	10.7B
Total Stockholder Equity	21.7B	29.7B	30.5B	37.9B	38.3B	40.2B
Other Liab	2.0B	2.7B	3.8B	5.4B	6.2B	6.5B
Accounts Payable	2.5B	1.6B	2.4B	4.8B	4.1B	4.3B
Cash	2.3B	7.1B	3.3B	9.5B	8.9B	9.3B
Other Assets	1.7B	2.2B	3.1B	2.9B	3.4B	3.5B
Long Term Debt	1.4B	905.2M	2.6B	3.3B	3.4B	3.6B
Net Receivables	4.0B	2.3B	2.5B	3.2B	3.3B	1.8B
Inventory	3.1B	4.2B	4.6B	5.8B	5.3B	5.6B
Other Current Assets	821.9M	835.4M	1.7B	992.6M	309.6M	548.1M
Total Liab	7.9B	9.3B	17.1B	20.4B	19.4B	20.3B
Intangible Assets	3.9B	4.7B	5.1B	5.6B	6.1B	6.4B
Property Plant Equipment	14.1B	16.3B	24.5B	28.0B	32.1B	33.8B
Retained Earnings	10.9B	11.5B	12.2B	12.4B	11.5B	6.0B
Short Term Investments	350.5M	50.5M	612.8M	80.1M	72.6M	69.0M
Good Will	11.9M	94.4M	94.1M	83.3M	95.8M	100.5M
Net Tangible Assets	18.3B	25.5B	25.9B	33.0B	38.0B	23.2B
Other Stockholder Equity	29.6M	(638.4K)	(18.6M)	34.3M	30.9M	32.4M
Deferred Long Term Liab	727.5M	850.9M	788.3M	987.4M	1.1B	645.9M
Short Long Term Debt	913.5M	1.2B	2.3B	4.0B	2.8B	1.8B
Total Current Assets	10.3B	16.2B	15.0B	22.1B	21.3B	16.0B
Non Current Assets Total	19.4B	22.8B	32.5B	36.3B	36.4B	26.2B
Non Currrent Assets Other	779.7M	1.1B	2.0B	1.6B	1.3B	1.4B
Non Current Liabilities Total	3.3B	4.5B	8.4B	8.8B	9.2B	6.4B
Non Current Liabilities Other	7.7M	441.7K	43.6M	40.7M	52.3M	49.7M
Net Invested Capital	22.8B	31.8B	35.4B	45.3B	44.6B	35.3B
Net Working Capital	5.7B	11.4B	6.3B	10.4B	11.1B	9.8B

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

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Sanan Depreciation vs Capital Expenditures Analysis

Depreciation vs Capital Expenditures

Depreciation vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Depreciation

Capital Expenditures

Sanan Optoelectronics fundamental ratios Correlations

Sanan Optoelectronics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sanan Optoelectronics fundamental ratios Accounts

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Other Information on Investing in Sanan Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Inventory	+ 0.98	Total Assets
Intangible Assets	+ 0.98	Total Assets
Property Plant Equipment	+ 0.98	Total Assets
Intangible Assets	+ 0.98	Total Stockholder Equity

Long Term Investments	- 0.9	Retained Earnings
Long Term Investments	- 0.87	Deferred Long Term Liab
Long Term Investments	- 0.83	Intangible Assets
Long Term Investments	- 0.81	Inventory
Long Term Investments	- 0.81	Other Assets
Long Term Investments	- 0.79	Common Stock