Xinjiang Change In Cash vs Change In Working Capital Analysis

688303 Stock   25.38  1.13  4.66%   
Xinjiang Daqo financial indicator trend analysis is more than just analyzing Xinjiang Daqo New current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinjiang Daqo New is a good investment. Please check the relationship between Xinjiang Daqo Change In Cash and its Change In Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinjiang Daqo New. 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.

Change In Cash vs Change In Working Capital

Change In Cash vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xinjiang Daqo New Change In Cash account and Change In Working Capital. At this time, the significance of the direction appears to have pay attention.
Change In CashChange In Working CapitalDiversified AwayChange In CashChange In Working CapitalDiversified Away100%
The correlation between Xinjiang Daqo's Change In Cash and Change In Working Capital is -0.87. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Xinjiang Daqo New, assuming nothing else is changed. The correlation between historical values of Xinjiang Daqo's Change In Cash and Change In Working Capital 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 Cash of Xinjiang Daqo New are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Change In Cash i.e., Xinjiang Daqo's Change In Cash and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

-0.87
Relationship DirectionNegative 
Relationship StrengthSignificant

Change In Cash

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.
Most indicators from Xinjiang Daqo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinjiang Daqo New 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 Xinjiang Daqo New. 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 Tax Provision is expected to grow to about 1.3 B, whereas Selling General Administrative is forecasted to decline to about 82.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense184.1M126.1M93.3M138.3M
Depreciation And Amortization654.3M780.2M897.3M518.4M

Xinjiang Daqo fundamental ratios Correlations

-0.770.970.851.00.97-0.991.00.590.990.970.80.990.080.720.420.990.840.9-0.570.920.83-0.87-0.720.910.95
-0.77-0.75-0.55-0.79-0.710.79-0.78-0.45-0.76-0.71-0.84-0.770.38-0.76-0.53-0.8-0.49-0.740.94-0.69-0.580.690.54-0.63-0.77
0.97-0.750.920.960.96-0.930.950.720.930.960.840.950.110.820.370.960.910.85-0.520.90.88-0.89-0.730.810.89
0.85-0.550.920.830.82-0.790.820.830.790.810.850.790.310.860.030.810.990.85-0.280.710.92-0.83-0.450.680.84
1.0-0.790.960.830.96-0.991.00.550.990.970.790.990.050.710.451.00.820.9-0.60.920.81-0.85-0.730.920.95
0.97-0.710.960.820.96-0.930.960.540.931.00.710.980.070.670.530.980.820.78-0.510.980.81-0.88-0.850.870.87
-0.990.79-0.93-0.79-0.99-0.93-1.0-0.49-1.0-0.94-0.77-0.99-0.02-0.67-0.46-0.98-0.78-0.920.62-0.9-0.780.810.68-0.95-0.97
1.0-0.780.950.821.00.96-1.00.531.00.960.770.990.050.680.450.990.80.91-0.590.920.8-0.84-0.720.930.95
0.59-0.450.720.830.550.54-0.490.530.490.520.820.480.310.88-0.280.530.840.6-0.210.370.75-0.7-0.230.250.51
0.99-0.760.930.790.990.93-1.01.00.490.940.750.980.060.650.440.980.780.92-0.580.890.77-0.8-0.680.950.96
0.97-0.710.960.810.971.0-0.940.960.520.940.70.980.060.660.540.980.810.79-0.510.980.81-0.87-0.840.880.88
0.8-0.840.840.850.790.71-0.770.770.820.750.70.730.00.970.110.770.810.87-0.670.590.83-0.79-0.330.580.82
0.99-0.770.950.790.990.98-0.990.990.480.980.980.730.00.650.541.00.770.86-0.590.960.77-0.83-0.790.930.93
0.080.380.110.310.050.07-0.020.050.310.060.060.00.0-0.01-0.54-0.010.40.130.47-0.050.45-0.210.150.080.07
0.72-0.760.820.860.710.67-0.670.680.880.650.660.970.65-0.010.040.70.820.76-0.560.550.81-0.8-0.330.440.72
0.42-0.530.370.030.450.53-0.460.45-0.280.440.540.110.54-0.540.040.52-0.010.16-0.60.670.08-0.2-0.750.50.34
0.99-0.80.960.811.00.98-0.980.990.530.980.980.771.0-0.010.70.520.790.87-0.610.950.79-0.85-0.780.910.93
0.84-0.490.910.990.820.82-0.780.80.840.780.810.810.770.40.82-0.010.790.83-0.220.70.93-0.84-0.450.670.81
0.9-0.740.850.850.90.78-0.920.910.60.920.790.870.860.130.760.160.870.83-0.550.690.82-0.76-0.360.860.98
-0.570.94-0.52-0.28-0.6-0.510.62-0.59-0.21-0.58-0.51-0.67-0.590.47-0.56-0.6-0.61-0.22-0.55-0.52-0.380.470.42-0.48-0.58
0.92-0.690.90.710.920.98-0.90.920.370.890.980.590.96-0.050.550.670.950.70.69-0.520.7-0.8-0.910.860.82
0.83-0.580.880.920.810.81-0.780.80.750.770.810.830.770.450.810.080.790.930.82-0.380.7-0.89-0.440.680.82
-0.870.69-0.89-0.83-0.85-0.880.81-0.84-0.7-0.8-0.87-0.79-0.83-0.21-0.8-0.2-0.85-0.84-0.760.47-0.8-0.890.62-0.69-0.8
-0.720.54-0.73-0.45-0.73-0.850.68-0.72-0.23-0.68-0.84-0.33-0.790.15-0.33-0.75-0.78-0.45-0.360.42-0.91-0.440.62-0.63-0.51
0.91-0.630.810.680.920.87-0.950.930.250.950.880.580.930.080.440.50.910.670.86-0.480.860.68-0.69-0.630.93
0.95-0.770.890.840.950.87-0.970.950.510.960.880.820.930.070.720.340.930.810.98-0.580.820.82-0.8-0.510.93
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Xinjiang Daqo Account Relationship Matchups

Xinjiang Daqo fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.1B9.0B22.5B52.3B50.7B53.2B
Short Long Term Debt Total2.7B1.9B184.9M212.9M191.6M182.0M
Other Current Liab1.9B1.1B3.5B4.3B5.0B5.2B
Total Current Liabilities4.4B2.9B5.1B5.5B5.9B4.3B
Total Stockholder Equity3.3B4.7B16.5B45.5B43.9B46.1B
Property Plant And Equipment Net6.5B6.6B9.8B16.5B24.8B26.1B
Net Debt1.9B1.2B(4.4B)(23.6B)(21.2B)(20.2B)
Retained Earnings1.5B2.4B7.6B25.3B23.4B24.6B
Accounts Payable881.9M688.1M1.5B985.6M661.3M859.4M
Cash784.4M695.7M4.6B23.8B19.6B20.6B
Non Current Assets Total6.8B6.9B10.1B18.6B27.3B28.7B
Non Currrent Assets Other66.5M102.8M1.8B1.5B1.2B799.0M
Cash And Short Term Investments784.4M695.7M6.3B23.8B27.4B28.7B
Liabilities And Stockholders Equity9.1B9.0B22.5B52.3B60.1B63.1B
Non Current Liabilities Total1.4B1.4B890.3M1.2B940.8M906.6M
Inventory273.7M321.4M2.1B1.2B1.3B874.4M
Other Current Assets83.1M11.5M218.7M286.5M1.2B1.2B
Other Stockholder Equity452.1M606.4M7.0B18.1B20.8B21.8B
Total Liab5.8B4.3B6.0B6.7B6.8B5.5B
Total Current Assets2.3B2.1B12.3B33.7B23.4B12.0B
Short Term Debt1.6B1.1B184.9M212.9M191.6M182.0M
Intangible Assets194.8M199.2M256.9M553.5M1.1B1.1B

Currently Active Assets on Macroaxis

Other Information on Investing in Xinjiang Stock

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