Jiahe Depreciation vs Change In Cash Analysis

605300 Stock   16.01  1.46  10.03%   
Jiahe Foods financial indicator trend analysis is infinitely more than just investigating Jiahe Foods Industry recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiahe Foods Industry is a good investment. Please check the relationship between Jiahe Foods Depreciation and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiahe Foods Industry. 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 Change In Cash

Depreciation vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiahe Foods Industry Depreciation account and Change In Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Jiahe Foods' Depreciation and Change In Cash is 0.75. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Jiahe Foods Industry, assuming nothing else is changed. The correlation between historical values of Jiahe Foods' Depreciation and Change In Cash 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 Jiahe Foods Industry are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Depreciation i.e., Jiahe Foods' Depreciation and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Depreciation

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

Change In Cash

Most indicators from Jiahe Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiahe Foods Industry 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 Jiahe Foods Industry. 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 November 30, 2024, Tax Provision is expected to decline to about 53 M. In addition to that, Selling General Administrative is expected to decline to about 81.4 M
 2021 2022 2023 2024 (projected)
Interest Expense770.2K3.4M10.7M11.3M
Interest Income5.3M5.8M15.9M16.7M

Jiahe Foods fundamental ratios Correlations

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0.91-0.780.760.940.910.310.780.940.590.830.790.880.93-0.650.780.890.90.79-0.920.940.910.93-0.910.88-0.47
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0.95-0.841.00.870.870.080.940.90.781.00.820.960.880.78-0.950.950.960.82-0.770.840.650.86-0.910.91-0.51
1.0-0.940.930.980.980.020.970.990.810.970.940.970.980.89-0.860.951.00.94-0.890.970.770.95-0.970.98-0.59
1.0-0.920.950.970.960.070.960.980.80.980.920.990.960.9-0.880.961.00.92-0.880.960.760.95-0.970.98-0.57
0.93-1.00.80.940.95-0.270.950.940.90.861.00.870.920.79-0.770.820.940.92-0.860.940.680.91-0.930.96-0.73
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0.79-0.70.620.840.850.20.690.850.550.690.680.70.870.91-0.520.650.770.760.68-0.960.820.79-0.770.75-0.52
0.96-0.90.840.970.920.040.870.950.820.90.910.950.920.93-0.820.860.950.950.91-0.880.960.79-0.990.98-0.69
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-0.580.74-0.49-0.6-0.610.6-0.62-0.61-0.91-0.53-0.73-0.51-0.56-0.470.64-0.51-0.59-0.57-0.730.65-0.59-0.52-0.690.7-0.7
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Jiahe Foods Account Relationship Matchups

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Other Information on Investing in Jiahe Stock

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