Hygon Retained Earnings vs Property Plant And Equipment Net 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 Retained Earnings and its Property Plant And Equipment Net 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.

Retained Earnings vs Property Plant And Equipment Net

Retained Earnings vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hygon Information Retained Earnings account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
Retained EarningsProperty Plant And Equipment NetDiversified AwayRetained EarningsProperty Plant And Equipment NetDiversified Away100%
The correlation between Hygon Information's Retained Earnings and Property Plant And Equipment Net is 0.91. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Property Plant And Equipment Net 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 Retained Earnings and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Hygon Information Technology are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Retained Earnings i.e., Hygon Information's Retained Earnings and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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.