Zhuzhou Free Cash Flow vs Change To Operating Activities Analysis

688187 Stock   47.84  0.30  0.62%   
Zhuzhou CRRC financial indicator trend analysis is more than just analyzing Zhuzhou CRRC Times current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhuzhou CRRC Times is a good investment. Please check the relationship between Zhuzhou CRRC Free Cash Flow and its Change To Operating Activities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhuzhou CRRC Times. 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.

Free Cash Flow vs Change To Operating Activities

Free Cash Flow vs Change To Operating Activities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhuzhou CRRC Times Free Cash Flow account and Change To Operating Activities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhuzhou CRRC's Free Cash Flow and Change To Operating Activities is 0.66. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change To Operating Activities in the same time period over historical financial statements of Zhuzhou CRRC Times, assuming nothing else is changed. The correlation between historical values of Zhuzhou CRRC's Free Cash Flow and Change To Operating Activities 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 Zhuzhou CRRC Times are associated (or correlated) with its Change To Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Operating Activities has no effect on the direction of Free Cash Flow i.e., Zhuzhou CRRC's Free Cash Flow and Change To Operating Activities go up and down completely randomly.

Correlation Coefficient

0.66
Relationship DirectionPositive 
Relationship StrengthSignificant

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change To Operating Activities

Most indicators from Zhuzhou CRRC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhuzhou CRRC Times 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 Zhuzhou CRRC Times. 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.
At present, Zhuzhou CRRC's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 9.3 B, whereas Tax Provision is forecasted to decline to about 202.1 M.
 2021 2022 2023 2024 (projected)
Net Interest Income68.4M179.8M209.5M220.0M
Tax Provision88.5M349.6M209.5M202.1M

Zhuzhou CRRC fundamental ratios Correlations

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Zhuzhou CRRC Account Relationship Matchups

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Other Information on Investing in Zhuzhou Stock

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