| 605098 Stock | | | 34.83 0.17 0.49% |
Shanghai Action financial indicator trend analysis is much more than just breaking down Shanghai Action Education prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Action Education is a good investment. Please check the relationship between Shanghai Action Capital Expenditures and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Action Education. 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.
Capital Expenditures vs Depreciation
Capital Expenditures vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Action Education Capital Expenditures account and
Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Shanghai Action's Capital Expenditures and Depreciation is -0.48. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Shanghai Action Education, assuming nothing else is changed. The correlation between historical values of Shanghai Action's Capital Expenditures and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Shanghai Action Education are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Capital Expenditures i.e., Shanghai Action's Capital Expenditures and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.48 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Capital Expenditures
Capital Expenditures are funds used by Shanghai Action Education to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Shanghai Action operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Depreciation
Depreciation indicates how much of Shanghai Action Education value has been used up. For tax purposes Shanghai Action can deduct the cost of the tangible assets it purchases as business expenses. However, Shanghai Action Education 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.
Most indicators from Shanghai Action's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Action Education 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 Shanghai Action Education. 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 211
M, whereas
Tax Provision is forecasted to decline to about 27.5
M.
Shanghai Action fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Action Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Action fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the
financial position of Shanghai Action Education at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Action Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Action 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.