| 605300 Stock | | | 18.43 1.68 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 Free Cash Flow and its Depreciation 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.
Free Cash Flow vs Depreciation
Free Cash Flow vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jiahe Foods Industry Free Cash Flow account and
Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between Jiahe Foods' Free Cash Flow and Depreciation is 0.71. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Depreciation 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' Free Cash Flow 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 Free Cash Flow of Jiahe Foods Industry 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 Free Cash Flow i.e., Jiahe Foods' Free Cash Flow and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.71 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
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.
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.
The current year's
Selling General Administrative is expected to grow to about 57.1
M, whereas
Tax Provision is forecasted to decline to about 53
M.
Jiahe Foods fundamental ratios Correlations
Click cells to compare fundamentals
Jiahe Foods Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jiahe Foods fundamental ratios Accounts
Currently Active Assets on Macroaxis
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.