Shanghai Change In Working Capital vs Capital Expenditures Analysis

688188 Stock

179.51 3.97 2.16%

Shanghai Friendess financial indicator trend analysis is much more than just breaking down Shanghai Friendess prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Friendess is a good investment. Please check the relationship between Shanghai Friendess Change In Working Capital and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Friendess Electronics. 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.

Change In Working Capital vs Capital Expenditures

Change In Working Capital vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Friendess Change In Working Capital account and Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Shanghai Friendess' Change In Working Capital and Capital Expenditures is -0.22. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Shanghai Friendess Electronics, assuming nothing else is changed. The correlation between historical values of Shanghai Friendess' Change In Working Capital and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of Shanghai Friendess Electronics are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change In Working Capital i.e., Shanghai Friendess' Change In Working Capital and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

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Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Capital Expenditures

Capital Expenditures are funds used by Shanghai Friendess to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Shanghai Friendess operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Shanghai Friendess' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Friendess 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 Shanghai Friendess Electronics. 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 Selling General Administrative is expected to grow to about 124.4 M, whereas Tax Provision is forecasted to decline to about 42.7 M.

	2021	2022	2023	2024 (projected)
Net Interest Income	32.5M	47.8M	47.7M	50.1M
Tax Provision	64.6M	58.9M	73.3M	42.7M

Net Interest Income Tax Provision

Shanghai Friendess fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Net
Total Assets		-0.13	0.93	1.0	-0.23	1.0	0.98	0.88	0.94	0.99	0.78	0.96	0.07	0.95	0.65	0.94	0.32	1.0	0.86	0.96	0.97	0.9	0.94	0.94	0.95	0.9
Other Current Liab	-0.13		-0.22	-0.12	-0.3	-0.11	-0.14	0.19	0.01	-0.15	0.25	-0.33	-0.36	-0.04	0.52	-0.24	0.1	-0.12	0.26	-0.14	-0.07	0.0	0.02	0.02	-0.02	-0.04
Total Current Liabilities	0.93	-0.22		0.93	-0.39	0.93	0.98	0.8	0.92	0.97	0.66	0.96	-0.1	0.94	0.49	1.0	0.28	0.93	0.77	0.86	0.97	0.75	0.82	0.82	0.87	0.91
Total Stockholder Equity	1.0	-0.12	0.93		-0.22	1.0	0.98	0.89	0.93	0.99	0.78	0.96	0.08	0.95	0.66	0.93	0.32	1.0	0.87	0.96	0.97	0.91	0.95	0.95	0.95	0.89
Other Liab	-0.23	-0.3	-0.39	-0.22		-0.22	-0.36	-0.39	-0.39	-0.31	-0.28	-0.19	0.95	-0.37	-0.22	-0.35	0.47	-0.22	-0.46	-0.05	-0.38	0.01	-0.19	-0.18	-0.22	-0.4
Net Tangible Assets	1.0	-0.11	0.93	1.0	-0.22		0.98	0.89	0.93	0.99	0.78	0.95	0.07	0.95	0.67	0.93	0.32	1.0	0.87	0.96	0.97	0.91	0.95	0.95	0.95	0.9
Retained Earnings	0.98	-0.14	0.98	0.98	-0.36	0.98		0.88	0.96	1.0	0.76	0.96	-0.07	0.98	0.62	0.98	0.26	0.98	0.84	0.91	0.99	0.82	0.9	0.89	0.92	0.93
Accounts Payable	0.88	0.19	0.8	0.89	-0.39	0.89	0.88		0.92	0.89	0.89	0.76	-0.15	0.91	0.8	0.8	0.2	0.88	0.96	0.82	0.9	0.85	0.96	0.95	0.92	0.95
Cash	0.94	0.01	0.92	0.93	-0.39	0.93	0.96	0.92		0.96	0.86	0.87	-0.12	1.0	0.77	0.92	0.21	0.93	0.85	0.87	0.98	0.81	0.88	0.87	0.88	0.92
Non Current Assets Total	0.99	-0.15	0.97	0.99	-0.31	0.99	1.0	0.89	0.96		0.78	0.96	-0.01	0.98	0.64	0.97	0.28	0.99	0.85	0.94	0.99	0.86	0.92	0.91	0.93	0.92
Other Assets	0.78	0.25	0.66	0.78	-0.28	0.78	0.76	0.89	0.86	0.78		0.67	-0.09	0.86	0.82	0.66	0.27	0.78	0.88	0.75	0.77	0.8	0.84	0.83	0.72	0.77
Net Receivables	0.96	-0.33	0.96	0.96	-0.19	0.95	0.96	0.76	0.87	0.96	0.67		0.11	0.9	0.44	0.97	0.37	0.96	0.75	0.94	0.92	0.84	0.86	0.86	0.87	0.85
Non Current Liabilities Total	0.07	-0.36	-0.1	0.08	0.95	0.07	-0.07	-0.15	-0.12	-0.01	-0.09	0.11		-0.09	-0.05	-0.06	0.6	0.08	-0.23	0.24	-0.09	0.27	0.07	0.09	0.07	-0.14
Inventory	0.95	-0.04	0.94	0.95	-0.37	0.95	0.98	0.91	1.0	0.98	0.86	0.9	-0.09		0.73	0.94	0.24	0.95	0.85	0.89	0.98	0.82	0.89	0.88	0.88	0.92
Other Current Assets	0.65	0.52	0.49	0.66	-0.22	0.67	0.62	0.8	0.77	0.64	0.82	0.44	-0.05	0.73		0.49	0.2	0.66	0.73	0.61	0.68	0.66	0.7	0.7	0.67	0.62
Total Liab	0.94	-0.24	1.0	0.93	-0.35	0.93	0.98	0.8	0.92	0.97	0.66	0.97	-0.06	0.94	0.49		0.31	0.93	0.76	0.88	0.97	0.76	0.83	0.82	0.87	0.9
Deferred Long Term Liab	0.32	0.1	0.28	0.32	0.47	0.32	0.26	0.2	0.21	0.28	0.27	0.37	0.6	0.24	0.2	0.31		0.33	0.22	0.46	0.25	0.5	0.32	0.33	0.32	0.22
Total Current Assets	1.0	-0.12	0.93	1.0	-0.22	1.0	0.98	0.88	0.93	0.99	0.78	0.96	0.08	0.95	0.66	0.93	0.33		0.86	0.96	0.97	0.91	0.95	0.95	0.95	0.89
Intangible Assets	0.86	0.26	0.77	0.87	-0.46	0.87	0.84	0.96	0.85	0.85	0.88	0.75	-0.23	0.85	0.73	0.76	0.22	0.86		0.82	0.85	0.85	0.93	0.93	0.88	0.87
Common Stock	0.96	-0.14	0.86	0.96	-0.05	0.96	0.91	0.82	0.87	0.94	0.75	0.94	0.24	0.89	0.61	0.88	0.46	0.96	0.82		0.9	0.97	0.92	0.92	0.91	0.83
Property Plant Equipment	0.97	-0.07	0.97	0.97	-0.38	0.97	0.99	0.9	0.98	0.99	0.77	0.92	-0.09	0.98	0.68	0.97	0.25	0.97	0.85	0.9		0.83	0.9	0.9	0.93	0.94
Common Stock Shares Outstanding	0.9	0.0	0.75	0.91	0.01	0.91	0.82	0.85	0.81	0.86	0.8	0.84	0.27	0.82	0.66	0.76	0.5	0.91	0.85	0.97	0.83		0.94	0.94	0.9	0.8
Net Invested Capital	0.94	0.02	0.82	0.95	-0.19	0.95	0.9	0.96	0.88	0.92	0.84	0.86	0.07	0.89	0.7	0.83	0.32	0.95	0.93	0.92	0.9	0.94		1.0	0.97	0.92
Net Working Capital	0.94	0.02	0.82	0.95	-0.18	0.95	0.89	0.95	0.87	0.91	0.83	0.86	0.09	0.88	0.7	0.82	0.33	0.95	0.93	0.92	0.9	0.94	1.0		0.97	0.91
Capital Stock	0.95	-0.02	0.87	0.95	-0.22	0.95	0.92	0.92	0.88	0.93	0.72	0.87	0.07	0.88	0.67	0.87	0.32	0.95	0.88	0.91	0.93	0.9	0.97	0.97		0.93
Property Plant And Equipment Net	0.9	-0.04	0.91	0.89	-0.4	0.9	0.93	0.95	0.92	0.92	0.77	0.85	-0.14	0.92	0.62	0.9	0.22	0.89	0.87	0.83	0.94	0.8	0.92	0.91	0.93

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Shanghai Friendess Account Relationship Matchups

Shanghai Friendess fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.2B	2.6B	3.1B	4.5B	5.3B	5.6B
Other Current Liab	13.0M	57.5M	70.8M	92.1M	10.1M	9.6M
Total Current Liabilities	54.5M	116.9M	148.5M	197.2M	313.3M	328.9M
Total Stockholder Equity	2.1B	2.5B	3.0B	4.3B	5.0B	5.2B
Other Liab	5.0M	7.9M	15.9M	25.6K	29.5K	28.0K
Net Tangible Assets	2.0B	2.4B	2.9B	4.1B	4.8B	5.0B
Retained Earnings	327.5M	624.1M	1.0B	1.3B	1.8B	1.9B
Accounts Payable	6.8M	13.4M	26.1M	31.1M	32.4M	16.5M
Cash	234.6M	483.4M	2.5B	2.3B	2.6B	2.8B
Non Current Assets Total	155.0M	220.7M	380.3M	465.5M	636.8M	668.6M
Other Assets	13.4M	27.1M	68.8M	37.5M	43.2M	26.5M
Net Receivables	30.4M	39.3M	32.8M	41.0M	82.7M	86.8M
Non Current Liabilities Total	15.9M	1.1M	986.8K	2.9M	2.9M	3.8M
Inventory	25.7M	41.4M	137.2M	120.5M	153.5M	161.2M
Other Current Assets	4.6M	2.7M	16.6M	17.9M	4.4M	7.1M
Total Liab	70.4M	116.9M	149.4M	200.1M	316.1M	331.9M
Deferred Long Term Liab	3.3M	2.0M	1.1M	2.7M	2.4M	2.1M
Total Current Assets	2.1B	2.4B	2.8B	4.0B	4.7B	4.9B
Intangible Assets	1.6M	90.2M	91.7M	113.8M	110.9M	56.3M
Property Plant Equipment	30.0M	75.2M	189.5M	277.9M	319.6M	335.6M
Net Invested Capital	2.1B	2.5B	3.0B	4.3B	5.0B	2.7B
Net Working Capital	2.0B	2.3B	2.6B	3.8B	4.4B	2.4B

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

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Shanghai Change In Working Capital vs Capital Expenditures Analysis

Change In Working Capital vs Capital Expenditures

Change In Working Capital vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Change In Working Capital

Capital Expenditures

Shanghai Friendess fundamental ratios Correlations

Shanghai Friendess Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shanghai Friendess fundamental ratios Accounts

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Other Information on Investing in Shanghai Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity

Intangible Assets	- 0.46	Other Liab
Property Plant And Equipment Net	- 0.4	Other Liab
Cash	- 0.39	Other Liab
Accounts Payable	- 0.39	Other Liab
Other Liab	- 0.39	Total Current Liabilities
Property Plant Equipment	- 0.38	Other Liab