Xinjiang Ebitda vs Research Development Analysis
688303 Stock | 24.23 0.59 2.38% |
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 Ebitda and its Research Development 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.
Ebitda vs Research Development
Ebitda vs Research Development Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xinjiang Daqo New Ebitda account and Research Development. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Xinjiang Daqo's Ebitda and Research Development is 0.84. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Research Development 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 Ebitda and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Xinjiang Daqo New are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Ebitda i.e., Xinjiang Daqo's Ebitda and Research Development go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Ebitda
Research Development
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 Expense | 184.1M | 126.1M | 93.3M | 138.3M | Depreciation And Amortization | 654.3M | 780.2M | 897.3M | 518.4M |
Xinjiang Daqo fundamental ratios Correlations
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Xinjiang Daqo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xinjiang Daqo fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.1B | 9.0B | 22.5B | 52.3B | 50.7B | 53.2B | |
Short Long Term Debt Total | 2.7B | 1.9B | 184.9M | 212.9M | 191.6M | 182.0M | |
Other Current Liab | 1.9B | 1.1B | 3.5B | 4.3B | 5.0B | 5.2B | |
Total Current Liabilities | 4.4B | 2.9B | 5.1B | 5.5B | 5.9B | 4.3B | |
Total Stockholder Equity | 3.3B | 4.7B | 16.5B | 45.5B | 43.9B | 46.1B | |
Property Plant And Equipment Net | 6.5B | 6.6B | 9.8B | 16.5B | 24.8B | 26.1B | |
Net Debt | 1.9B | 1.2B | (4.4B) | (23.6B) | (21.2B) | (20.2B) | |
Retained Earnings | 1.5B | 2.4B | 7.6B | 25.3B | 23.4B | 24.6B | |
Accounts Payable | 881.9M | 688.1M | 1.5B | 985.6M | 661.3M | 859.4M | |
Cash | 784.4M | 695.7M | 4.6B | 23.8B | 19.6B | 20.6B | |
Non Current Assets Total | 6.8B | 6.9B | 10.1B | 18.6B | 27.3B | 28.7B | |
Non Currrent Assets Other | 66.5M | 102.8M | 1.8B | 1.5B | 1.2B | 799.0M | |
Cash And Short Term Investments | 784.4M | 695.7M | 6.3B | 23.8B | 27.4B | 28.7B | |
Liabilities And Stockholders Equity | 9.1B | 9.0B | 22.5B | 52.3B | 60.1B | 63.1B | |
Non Current Liabilities Total | 1.4B | 1.4B | 890.3M | 1.2B | 940.8M | 906.6M | |
Inventory | 273.7M | 321.4M | 2.1B | 1.2B | 1.3B | 874.4M | |
Other Current Assets | 83.1M | 11.5M | 218.7M | 286.5M | 1.2B | 1.2B | |
Other Stockholder Equity | 452.1M | 606.4M | 7.0B | 18.1B | 20.8B | 21.8B | |
Total Liab | 5.8B | 4.3B | 6.0B | 6.7B | 6.8B | 5.5B | |
Total Current Assets | 2.3B | 2.1B | 12.3B | 33.7B | 23.4B | 12.0B | |
Short Term Debt | 1.6B | 1.1B | 184.9M | 212.9M | 191.6M | 182.0M | |
Intangible Assets | 194.8M | 199.2M | 256.9M | 553.5M | 1.1B | 1.1B |
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.