China Depreciation vs Capital Expenditures Analysis

600764 Stock   29.14  0.89  2.96%   
China Marine financial indicator trend analysis is way more than just evaluating China Marine Information prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Marine Information is a good investment. Please check the relationship between China Marine Depreciation and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Marine Information. 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 China Marine Information Depreciation account and Capital Expenditures. At this time, the significance of the direction appears to have almost identical trend.
The correlation between China Marine's Depreciation and Capital Expenditures is 0.93. 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 China Marine Information, assuming nothing else is changed. The correlation between historical values of China Marine'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 China Marine Information 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., China Marine's Depreciation and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Depreciation

Depreciation indicates how much of China Marine Information value has been used up. For tax purposes China Marine can deduct the cost of the tangible assets it purchases as business expenses. However, China Marine Information 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 China Marine Information to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of China Marine operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from China Marine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Marine Information 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 China Marine Information. 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 324.2 M, whereas Tax Provision is forecasted to decline to about 17.6 M.
 2021 2022 2023 2024 (projected)
Operating Income982.8M638.0M410.6M223.5M
Total Revenue4.9B4.3B3.6B3.8B

China Marine fundamental ratios Correlations

0.280.890.990.970.970.990.80.920.80.410.960.970.80.940.83-0.580.930.96-0.670.90.930.040.89-0.670.92
0.280.580.230.360.280.260.210.480.680.510.430.470.420.270.410.230.330.27-0.490.50.19-0.050.39-0.240.41
0.890.580.860.930.930.870.830.980.950.440.920.910.760.90.71-0.530.940.9-0.710.920.77-0.020.78-0.680.83
0.990.230.860.970.970.990.790.90.80.440.930.960.80.950.83-0.570.920.98-0.670.910.930.060.9-0.70.9
0.970.360.930.970.990.970.830.960.90.490.920.950.80.980.83-0.560.960.99-0.720.960.90.010.89-0.780.86
0.970.280.930.970.990.970.850.960.870.390.910.930.770.980.77-0.650.970.99-0.720.930.880.030.84-0.750.84
0.990.260.870.990.970.970.750.910.80.380.940.960.780.950.82-0.580.910.97-0.750.910.910.150.88-0.710.89
0.80.210.830.790.830.850.750.830.750.420.780.70.670.780.62-0.590.910.82-0.380.740.73-0.180.67-0.560.66
0.920.480.980.90.960.960.910.830.920.360.920.920.760.950.73-0.60.950.95-0.730.930.810.020.8-0.690.83
0.80.680.950.80.90.870.80.750.920.620.810.860.750.840.72-0.330.880.87-0.750.940.7-0.050.77-0.730.75
0.410.510.440.440.490.390.380.420.360.620.380.480.550.350.640.310.420.43-0.270.580.45-0.230.64-0.470.43
0.960.430.920.930.920.910.940.780.920.810.380.960.780.870.8-0.540.90.89-0.650.860.880.00.86-0.570.95
0.970.470.910.960.950.930.960.70.920.860.480.960.840.90.85-0.440.890.93-0.750.930.880.090.9-0.650.93
0.80.420.760.80.80.770.780.670.760.750.550.780.840.710.76-0.170.790.78-0.510.880.840.120.8-0.580.85
0.940.270.90.950.980.980.950.780.950.840.350.870.90.710.77-0.650.920.98-0.760.910.870.090.83-0.810.8
0.830.410.710.830.830.770.820.620.730.720.640.80.850.760.77-0.180.740.78-0.60.810.870.030.99-0.630.77
-0.580.23-0.53-0.57-0.56-0.65-0.58-0.59-0.6-0.330.31-0.54-0.44-0.17-0.65-0.18-0.61-0.610.3-0.34-0.41-0.07-0.260.4-0.37
0.930.330.940.920.960.970.910.910.950.880.420.90.890.790.920.74-0.610.95-0.660.90.84-0.010.8-0.730.8
0.960.270.90.980.990.990.970.820.950.870.430.890.930.780.980.78-0.610.95-0.720.940.890.060.85-0.780.84
-0.67-0.49-0.71-0.67-0.72-0.72-0.75-0.38-0.73-0.75-0.27-0.65-0.75-0.51-0.76-0.60.3-0.66-0.72-0.77-0.56-0.4-0.620.67-0.58
0.90.50.920.910.960.930.910.740.930.940.580.860.930.880.910.81-0.340.90.94-0.770.870.050.87-0.760.87
0.930.190.770.930.90.880.910.730.810.70.450.880.880.840.870.87-0.410.840.89-0.560.87-0.050.92-0.640.91
0.04-0.05-0.020.060.010.030.15-0.180.02-0.05-0.230.00.090.120.090.03-0.07-0.010.06-0.40.05-0.05-0.01-0.23-0.06
0.890.390.780.90.890.840.880.670.80.770.640.860.90.80.830.99-0.260.80.85-0.620.870.92-0.01-0.670.85
-0.67-0.24-0.68-0.7-0.78-0.75-0.71-0.56-0.69-0.73-0.47-0.57-0.65-0.58-0.81-0.630.4-0.73-0.780.67-0.76-0.64-0.23-0.67-0.53
0.920.410.830.90.860.840.890.660.830.750.430.950.930.850.80.77-0.370.80.84-0.580.870.91-0.060.85-0.53
Click cells to compare fundamentals

China Marine Account Relationship Matchups

China Marine fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.7B9.5B10.3B10.7B11.7B12.3B
Other Current Liab1.8B698.3M641.8M511.9M103.5M98.4M
Total Current Liabilities3.2B2.4B2.5B2.4B3.1B3.2B
Total Stockholder Equity4.2B6.8B7.4B7.8B8.1B8.5B
Retained Earnings2.6B3.1B3.7B4.1B4.1B4.3B
Accounts Payable906.7M1.3B1.3B1.5B1.8B1.9B
Cash1.7B2.3B2.5B2.7B2.9B3.1B
Other Assets55.6M71.5M60.3M88.4M101.7M106.8M
Net Receivables2.9B2.5B2.1B2.6B3.5B3.7B
Inventory1.8B1.7B1.8B1.6B1.5B1.6B
Other Current Assets69.7M106.3M155.8M140.8M15.3M14.5M
Total Liab3.5B2.6B2.8B2.9B3.4B3.5B
Intangible Assets256.4M261.9M261.4M255.4M246.4M258.7M
Common Stock395.8M394.8M631.7M710.6M817.2M408.9M
Property Plant Equipment819.3M932.1M1.2B1.4B1.6B1.7B
Long Term Debt193.3M154.4M208.0M415M145M147.9M
Other Liab83.5M92.6M97.8M107.1M123.2M129.4M
Net Tangible Assets3.9B6.6B7.2B7.5B8.7B9.1B
Total Current Assets6.5B8.2B8.6B8.6B9.5B6.0B
Non Current Assets Total1.2B1.3B1.6B2.1B2.2B1.3B
Non Currrent Assets Other32.7M42.1M25.9M48.6M62.2M61.3M
Non Current Liabilities Total276.8M246.9M345.8M529.7M274.4M247.0M
Other Stockholder Equity(6.1M)(3.6M)(18.5M)(14.2M)(12.8M)(13.4M)
Short Long Term Debt390.6M334.6M402.8M302.7M435.9M278.9M
Net Invested Capital4.7B7.3B8.1B8.5B8.6B6.2B
Net Working Capital3.3B5.8B6.2B6.3B6.4B4.6B
Deferred Long Term Liab3.4M2.7M2.3M6.0M6.9M3.7M
Non Current Liabilities Other1.1M5.6M9.8M13.0M14.1M9.4M

Currently Active Assets on Macroaxis

Other Information on Investing in China Stock

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