Hygon Net Invested Capital vs Non Current Assets Total Analysis

688041 Stock   131.06  2.28  1.77%   
Hygon Information financial indicator trend analysis is much more than just examining Hygon Information latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hygon Information is a good investment. Please check the relationship between Hygon Information Net Invested Capital and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hygon Information Technology. 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.

Net Invested Capital vs Non Current Assets Total

Net Invested Capital vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hygon Information Net Invested Capital account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
Net Invested CapitalNon Current Assets TotalDiversified AwayNet Invested CapitalNon Current Assets TotalDiversified Away100%
The correlation between Hygon Information's Net Invested Capital and Non Current Assets Total is 0.92. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Hygon Information Technology, assuming nothing else is changed. The correlation between historical values of Hygon Information's Net Invested Capital and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Hygon Information Technology are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Net Invested Capital i.e., Hygon Information's Net Invested Capital and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Hygon Information's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hygon Information 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 Hygon Information Technology. 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 (20 M). In addition to that, Selling General Administrative is expected to decline to about 138.6 M
 2021 2022 2023 2024 (projected)
Interest Expense24.6M29.5M36.2M26.3M
Interest Income28.3M120.1M305.1M320.4M

Hygon Information fundamental ratios Correlations

0.58-0.78-0.74-0.76-0.78-0.77-0.83-0.76-0.82-0.81-0.76-0.75-0.730.580.54-0.74-0.8-0.360.32-0.77-0.780.6-0.77-0.73-0.69
0.58-0.61-0.61-0.6-0.63-0.89-0.62-0.55-0.8-0.68-0.68-0.64-0.731.00.79-0.43-0.550.240.76-0.61-0.650.81-0.58-0.73-0.94
-0.78-0.610.691.01.00.90.930.990.930.980.870.980.95-0.61-0.740.840.840.47-0.521.00.99-0.831.00.950.8
-0.74-0.610.690.650.70.750.90.640.860.80.850.660.63-0.61-0.40.760.960.31-0.10.660.71-0.430.660.630.68
-0.76-0.61.00.651.00.890.90.990.910.970.860.980.95-0.6-0.760.810.810.45-0.551.00.99-0.841.00.950.8
-0.78-0.631.00.71.00.910.920.980.940.990.90.990.96-0.63-0.780.80.850.41-0.551.01.0-0.840.990.960.83
-0.77-0.890.90.750.890.910.880.860.980.940.90.910.95-0.89-0.860.690.80.11-0.70.90.92-0.910.880.950.98
-0.83-0.620.930.90.90.920.880.910.950.960.890.870.83-0.62-0.560.920.970.52-0.290.910.91-0.650.910.830.76
-0.76-0.550.990.640.990.980.860.910.890.960.820.960.92-0.55-0.690.860.810.54-0.480.990.97-0.791.00.920.74
-0.82-0.80.930.860.910.940.980.950.890.980.940.920.93-0.8-0.770.790.910.26-0.540.920.95-0.820.910.930.92
-0.81-0.680.980.80.970.990.940.960.960.980.950.970.95-0.68-0.760.820.910.37-0.510.980.99-0.820.970.950.86
-0.76-0.680.870.850.860.90.90.890.820.940.950.920.91-0.68-0.780.650.910.16-0.490.870.93-0.770.850.910.86
-0.75-0.640.980.660.980.990.910.870.960.920.970.920.99-0.64-0.840.710.80.3-0.620.981.0-0.890.970.990.85
-0.73-0.730.950.630.950.960.950.830.920.930.950.910.99-0.73-0.910.640.750.16-0.730.960.98-0.950.941.00.91
0.581.0-0.61-0.61-0.6-0.63-0.89-0.62-0.55-0.8-0.68-0.68-0.64-0.730.79-0.43-0.550.240.76-0.61-0.650.81-0.58-0.73-0.94
0.540.79-0.74-0.4-0.76-0.78-0.86-0.56-0.69-0.77-0.76-0.78-0.84-0.910.79-0.3-0.480.230.92-0.76-0.810.98-0.73-0.91-0.92
-0.74-0.430.840.760.810.80.690.920.860.790.820.650.710.64-0.43-0.30.860.77-0.080.810.77-0.450.840.640.53
-0.8-0.550.840.960.810.850.80.970.810.910.910.910.80.75-0.55-0.480.860.47-0.160.820.85-0.530.820.750.69
-0.360.240.470.310.450.410.110.520.540.260.370.160.30.160.240.230.770.470.410.440.350.070.490.16-0.11
0.320.76-0.52-0.1-0.55-0.55-0.7-0.29-0.48-0.54-0.51-0.49-0.62-0.730.760.92-0.08-0.160.41-0.55-0.570.91-0.52-0.73-0.8
-0.77-0.611.00.661.01.00.90.910.990.920.980.870.980.96-0.61-0.760.810.820.44-0.550.99-0.841.00.960.8
-0.78-0.650.990.710.991.00.920.910.970.950.990.931.00.98-0.65-0.810.770.850.35-0.570.99-0.860.980.980.85
0.60.81-0.83-0.43-0.84-0.84-0.91-0.65-0.79-0.82-0.82-0.77-0.89-0.950.810.98-0.45-0.530.070.91-0.84-0.86-0.82-0.95-0.93
-0.77-0.581.00.661.00.990.880.911.00.910.970.850.970.94-0.58-0.730.840.820.49-0.521.00.98-0.820.940.78
-0.73-0.730.950.630.950.960.950.830.920.930.950.910.991.0-0.73-0.910.640.750.16-0.730.960.98-0.950.940.91
-0.69-0.940.80.680.80.830.980.760.740.920.860.860.850.91-0.94-0.920.530.69-0.11-0.80.80.85-0.930.780.91
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Hygon Information Account Relationship Matchups

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Other Information on Investing in Hygon Stock

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