Xingguang Change To Netincome vs Capital Expenditures Analysis

603789 Stock

10.64 0.12 1.12%

Xingguang Agricultural financial indicator trend analysis is more than just analyzing Xingguang Agricultural current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xingguang Agricultural is a good investment. Please check the relationship between Xingguang Agricultural Change To Netincome and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xingguang Agricultural Mach. 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.

Change To Netincome vs Capital Expenditures

Change To Netincome vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xingguang Agricultural Change To Netincome account and Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Xingguang Agricultural's Change To Netincome and Capital Expenditures is -0.42. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Xingguang Agricultural Mach, assuming nothing else is changed. The correlation between historical values of Xingguang Agricultural's Change To Netincome 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 Change To Netincome of Xingguang Agricultural Mach 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 Change To Netincome i.e., Xingguang Agricultural's Change To Netincome and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.42

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Change To Netincome

Capital Expenditures

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

Most indicators from Xingguang Agricultural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xingguang Agricultural 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 Xingguang Agricultural Mach. 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 Tax Provision is expected to grow to about 7 M, whereas Selling General Administrative is forecasted to decline to about 43.4 M.

Xingguang Agricultural fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Net Tangible Assets	Short Term Investments	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Good Will	Non Current Liabilities Total	Long Term Investments
Total Assets		0.03	0.53	0.78	-0.01	0.15	-0.79	0.53	0.82	0.82	0.63	0.55	0.84	0.81	0.94	0.58	-0.45	-0.6	0.62	0.03	0.19	0.34	-0.48	-0.24	0.32	0.55
Other Current Liab	0.03		0.38	-0.2	-0.22	0.25	-0.09	0.22	0.17	0.06	0.29	0.33	0.08	0.1	-0.04	0.0	-0.2	-0.17	0.22	-0.29	-0.02	-0.18	-0.42	-0.29	0.1	0.16
Total Current Liabilities	0.53	0.38		-0.08	-0.6	0.58	-0.72	0.73	0.67	0.82	0.28	0.99	0.63	0.72	0.52	0.69	-0.81	-0.75	0.87	-0.55	-0.24	-0.03	-0.63	-0.65	0.59	0.86
Total Stockholder Equity	0.78	-0.2	-0.08		0.54	-0.2	-0.38	0.0	0.48	0.37	0.59	-0.06	0.51	0.41	0.7	0.15	0.11	-0.1	0.07	0.51	0.5	0.55	-0.01	0.29	-0.2	0.0
Retained Earnings	-0.01	-0.22	-0.6	0.54		-0.09	0.47	-0.81	-0.17	-0.45	0.19	-0.63	-0.21	-0.45	-0.09	-0.32	0.84	0.6	-0.68	0.88	0.83	0.68	0.5	0.9	-0.8	-0.65
Accounts Payable	0.15	0.25	0.58	-0.2	-0.09		0.01	0.14	0.13	0.27	-0.11	0.54	0.17	0.05	0.04	0.34	-0.13	-0.12	0.17	-0.1	0.2	0.24	-0.26	0.02	0.24	0.26
Cash	-0.79	-0.09	-0.72	-0.38	0.47	0.01		-0.82	-0.82	-0.91	-0.53	-0.75	-0.84	-0.94	-0.88	-0.58	0.84	0.83	-0.91	0.37	0.31	0.03	0.53	0.69	-0.52	-0.81
Other Assets	0.53	0.22	0.73	0.0	-0.81	0.14	-0.82		0.52	0.79	0.16	0.76	0.63	0.8	0.62	0.42	-0.94	-0.77	0.87	-0.67	-0.66	-0.42	-0.61	-0.89	0.79	0.77
Net Receivables	0.82	0.17	0.67	0.48	-0.17	0.13	-0.82	0.52		0.76	0.67	0.67	0.84	0.81	0.84	0.79	-0.54	-0.85	0.78	-0.23	0.09	0.28	-0.61	-0.42	0.34	0.74
Inventory	0.82	0.06	0.82	0.37	-0.45	0.27	-0.91	0.79	0.76		0.48	0.85	0.82	0.93	0.83	0.62	-0.82	-0.78	0.89	-0.36	-0.21	0.12	-0.52	-0.58	0.56	0.87
Other Current Assets	0.63	0.29	0.28	0.59	0.19	-0.11	-0.53	0.16	0.67	0.48		0.28	0.39	0.44	0.61	0.31	-0.16	-0.38	0.38	0.04	0.41	0.26	-0.33	-0.13	-0.1	0.4
Total Liab	0.55	0.33	0.99	-0.06	-0.63	0.54	-0.75	0.76	0.67	0.85	0.28		0.64	0.77	0.56	0.7	-0.85	-0.77	0.9	-0.57	-0.27	-0.04	-0.67	-0.69	0.64	0.9
Intangible Assets	0.84	0.08	0.63	0.51	-0.21	0.17	-0.84	0.63	0.84	0.82	0.39	0.64		0.89	0.85	0.56	-0.62	-0.79	0.75	-0.12	-0.14	0.32	-0.41	-0.4	0.37	0.65
Common Stock	0.81	0.1	0.72	0.41	-0.45	0.05	-0.94	0.8	0.81	0.93	0.44	0.77	0.89		0.86	0.62	-0.82	-0.86	0.92	-0.38	-0.3	0.12	-0.57	-0.63	0.56	0.84
Property Plant Equipment	0.94	-0.04	0.52	0.7	-0.09	0.04	-0.88	0.62	0.84	0.83	0.61	0.56	0.85	0.86		0.57	-0.55	-0.68	0.71	-0.06	0.04	0.25	-0.5	-0.38	0.37	0.62
Other Liab	0.58	0.0	0.69	0.15	-0.32	0.34	-0.58	0.42	0.79	0.62	0.31	0.7	0.56	0.62	0.57		-0.49	-0.75	0.68	-0.45	0.08	0.2	-0.69	-0.36	0.56	0.76
Net Tangible Assets	-0.45	-0.2	-0.81	0.11	0.84	-0.13	0.84	-0.94	-0.54	-0.82	-0.16	-0.85	-0.62	-0.82	-0.55	-0.49		0.8	-0.94	0.72	0.67	0.33	0.53	0.89	-0.71	-0.86
Short Term Investments	-0.6	-0.17	-0.75	-0.1	0.6	-0.12	0.83	-0.77	-0.85	-0.78	-0.38	-0.77	-0.79	-0.86	-0.68	-0.75	0.8		-0.92	0.65	0.39	0.03	0.66	0.72	-0.63	-0.9
Other Stockholder Equity	0.62	0.22	0.87	0.07	-0.68	0.17	-0.91	0.87	0.78	0.89	0.38	0.9	0.75	0.92	0.71	0.68	-0.94	-0.92		-0.62	-0.43	-0.12	-0.68	-0.82	0.68	0.95
Deferred Long Term Liab	0.03	-0.29	-0.55	0.51	0.88	-0.1	0.37	-0.67	-0.23	-0.36	0.04	-0.57	-0.12	-0.38	-0.06	-0.45	0.72	0.65	-0.62		0.67	0.53	0.52	0.77	-0.69	-0.68
Total Current Assets	0.19	-0.02	-0.24	0.5	0.83	0.2	0.31	-0.66	0.09	-0.21	0.41	-0.27	-0.14	-0.3	0.04	0.08	0.67	0.39	-0.43	0.67		0.66	0.06	0.72	-0.49	-0.33
Non Current Assets Total	0.34	-0.18	-0.03	0.55	0.68	0.24	0.03	-0.42	0.28	0.12	0.26	-0.04	0.32	0.12	0.25	0.2	0.33	0.03	-0.12	0.53	0.66		0.2	0.64	-0.43	-0.03
Non Currrent Assets Other	-0.48	-0.42	-0.63	-0.01	0.5	-0.26	0.53	-0.61	-0.61	-0.52	-0.33	-0.67	-0.41	-0.57	-0.5	-0.69	0.53	0.66	-0.68	0.52	0.06	0.2		0.64	-0.8	-0.69
Good Will	-0.24	-0.29	-0.65	0.29	0.9	0.02	0.69	-0.89	-0.42	-0.58	-0.13	-0.69	-0.4	-0.63	-0.38	-0.36	0.89	0.72	-0.82	0.77	0.72	0.64	0.64		-0.76	-0.74
Non Current Liabilities Total	0.32	0.1	0.59	-0.2	-0.8	0.24	-0.52	0.79	0.34	0.56	-0.1	0.64	0.37	0.56	0.37	0.56	-0.71	-0.63	0.68	-0.69	-0.49	-0.43	-0.8	-0.76		0.68
Long Term Investments	0.55	0.16	0.86	0.0	-0.65	0.26	-0.81	0.77	0.74	0.87	0.4	0.9	0.65	0.84	0.62	0.76	-0.86	-0.9	0.95	-0.68	-0.33	-0.03	-0.69	-0.74	0.68

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Xingguang Agricultural Account Relationship Matchups

Xingguang Agricultural fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.4B	1.3B	1.1B	1.3B	1.4B
Other Current Liab	44.9M	45.0M	272.4M	4.5M	60.8M	66.9M
Total Current Liabilities	555.3M	453.8M	613.5M	519.1M	697.5M	449.4M
Total Stockholder Equity	1.0B	786.1M	618.1M	468.0M	419.2M	596.8M
Retained Earnings	248.6M	(28.9M)	(185.1M)	(403.1M)	(458.8M)	(435.9M)
Accounts Payable	245.5M	156.5M	230.8M	143.5M	296.3M	228.1M
Cash	163.2M	91.1M	131.0M	73.1M	116.1M	206.5M
Other Assets	38.3M	20.5M	49.3M	69.2M	79.6M	83.6M
Net Receivables	636.0M	499.5M	409.8M	257.2M	231.7M	265.6M
Inventory	160.8M	152.9M	149.1M	169.1M	230.4M	133.7M
Other Current Assets	51.7M	56.5M	62.7M	21.1M	10.9M	10.4M
Total Liab	605.1M	524.8M	668.9M	562.3M	833.0M	494.3M
Intangible Assets	97.3M	92.3M	88.2M	87.3M	90.0M	86.5M
Property Plant Equipment	398.3M	384.1M	321.1M	272.9M	313.8M	314.3M
Other Liab	30.8M	39.8M	30.9M	29.2M	33.6M	32.3M
Net Tangible Assets	800.3M	677.5M	514.0M	364.8M	328.3M	578.1M
Other Stockholder Equity	14.8M	16.5M	18.1M	18.8M	21.6M	15.5M
Deferred Long Term Liab	9.2M	8.4M	9.7M	3.9M	3.5M	3.4M
Total Current Assets	1.0B	820.0M	759.9M	529.7M	678.3M	644.2M
Non Current Assets Total	702.5M	581.1M	571.9M	546.0M	618.3M	504.1M
Non Currrent Assets Other	3.6M	1.7M	1.2M	21.1M	352.8K	335.1K
Non Current Liabilities Total	49.8M	71.0M	55.4M	43.1M	135.5M	142.3M
Non Current Liabilities Other	10.9M	6.3M	6.3M	5.2M	4.7M	6.1M
Net Invested Capital	1.2B	910.8M	721.4M	578.1M	598.2M	699.1M
Net Working Capital	461.5M	366.2M	146.4M	10.6M	(19.2M)	(18.2M)
Short Long Term Debt	98.4M	84.7M	78.6M	91.5M	112.7M	93.7M

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Other Information on Investing in Xingguang Stock

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

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Xingguang Change To Netincome vs Capital Expenditures Analysis

Change To Netincome vs Capital Expenditures

Change To Netincome vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Change To Netincome

Capital Expenditures

Xingguang Agricultural fundamental ratios Correlations

Xingguang Agricultural Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Xingguang Agricultural fundamental ratios Accounts

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Other Information on Investing in Xingguang Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Long Term Investments	+ 0.95	Other Stockholder Equity
Property Plant Equipment	+ 0.94	Total Assets
Common Stock	+ 0.93	Inventory
Other Stockholder Equity	+ 0.92	Common Stock
Good Will	+ 0.9	Retained Earnings

Other Stockholder Equity	- 0.94	Net Tangible Assets
Net Tangible Assets	- 0.94	Other Assets
Common Stock	- 0.94	Cash
Other Stockholder Equity	- 0.92	Short Term Investments
Other Stockholder Equity	- 0.91	Cash
Inventory	- 0.91	Cash