Flat Depreciation vs Capital Expenditures Analysis
601865 Stock | 20.98 0.24 1.13% |
Flat Glass financial indicator trend analysis is much more than just examining Flat Glass Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Flat Glass Group is a good investment. Please check the relationship between Flat Glass Depreciation and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Flat Glass Group. 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 Flat Glass Group Depreciation account and Capital Expenditures. At this time, the significance of the direction appears to have strong relationship.
The correlation between Flat Glass' Depreciation and Capital Expenditures is 0.78. 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 Flat Glass Group, assuming nothing else is changed. The correlation between historical values of Flat Glass' 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 Flat Glass Group 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., Flat Glass' Depreciation and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Depreciation
Depreciation indicates how much of Flat Glass Group value has been used up. For tax purposes Flat Glass can deduct the cost of the tangible assets it purchases as business expenses. However, Flat Glass Group 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 Flat Glass Group to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Flat Glass operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most indicators from Flat Glass' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Flat Glass Group 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 Flat Glass Group. 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 Issuance Of Capital Stock is expected to grow to about 6.3 B, whereas Tax Provision is forecasted to decline to about 168.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.1B | 3.4B | 4.7B | 2.5B | Total Revenue | 8.7B | 15.5B | 21.5B | 22.6B |
Flat Glass fundamental ratios Correlations
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Flat Glass Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Not Found
Flat Glass fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.4B | 12.3B | 20.1B | 32.4B | 43.0B | 45.1B | |
Other Current Liab | 769.3M | 921.4M | 1.5B | 2.4B | 12.3M | 11.7M | |
Total Current Liabilities | 4.5B | 3.3B | 6.2B | 10.5B | 9.2B | 5.4B | |
Total Stockholder Equity | 4.5B | 7.2B | 11.8B | 14.0B | 22.2B | 23.3B | |
Other Liab | 132.4M | 77.1M | 129.7M | 326.2M | 375.1M | 393.9M | |
Net Tangible Assets | 4.1B | 6.7B | 11.1B | 10.2B | 11.8B | 6.5B | |
Retained Earnings | 3.2B | 4.7B | 6.5B | 8.1B | 10.0B | 5.4B | |
Accounts Payable | 1.6B | 1.4B | 2.4B | 3.5B | 4.5B | 4.7B | |
Cash | 613.0M | 1.6B | 2.8B | 2.9B | 6.6B | 6.9B | |
Non Current Assets Total | 4.9B | 6.7B | 11.2B | 20.0B | 26.1B | 27.5B | |
Other Assets | 316.0M | 654.4M | 896.8M | 2.8B | 3.3B | 3.4B | |
Long Term Debt | 281.9M | 1.6B | 2.0B | 7.5B | 10.4B | 10.9B | |
Net Receivables | 3.2B | 1.4B | 1.1B | 2.8B | 3.7B | 2.3B | |
Non Current Liabilities Total | 425.3M | 1.7B | 2.1B | 7.8B | 11.5B | 12.1B | |
Inventory | 483.6M | 479.4M | 2.3B | 2.4B | 2.0B | 1.2B | |
Other Current Assets | 142.6M | 461.0M | 986.0M | 938.8M | 1.1B | 1.1B | |
Other Stockholder Equity | 17.7M | 37.4M | 9.7M | 562.7M | 647.1M | 679.4M | |
Total Liab | 4.9B | 5.0B | 8.3B | 18.3B | 20.7B | 21.7B | |
Short Long Term Debt | 2.4B | 1.5B | 3.2B | 5.3B | 4.0B | 2.4B | |
Total Current Assets | 4.5B | 5.6B | 8.9B | 12.4B | 16.8B | 17.7B | |
Intangible Assets | 624.5M | 703.4M | 580.5M | 729.5M | 795.4M | 688.0M | |
Common Stock | 487.5M | 510.3M | 536.7M | 536.7M | 617.2M | 537.6M | |
Property Plant Equipment | 4.2B | 5.4B | 9.6B | 13.3B | 15.3B | 16.1B | |
Net Debt | 2.0B | 1.5B | 2.3B | 9.9B | 7.8B | 3.9B | |
Common Stock Shares Outstanding | 2.0B | 2.0B | 2.1B | 2.1B | 2.4B | 2.2B | |
Net Invested Capital | 7.2B | 10.3B | 17.0B | 26.8B | 36.6B | 38.5B | |
Net Working Capital | (1.3M) | 2.2B | 2.7B | 1.8B | 7.6B | 8.0B | |
Capital Stock | 487.5M | 510.3M | 536.7M | 536.7M | 587.8M | 570.0M |
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Other Information on Investing in Flat Stock
Balance Sheet is a snapshot of the financial position of Flat Glass Group at a specified time, usually calculated after every quarter, six months, or one year. Flat Glass Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Flat Glass 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 Flat currently owns. An asset can also be divided into two categories, current and non-current.