| 688737 Stock | | | 23.31 1.51 6.93% |
Sinocat Environmental financial indicator trend analysis is much more than just breaking down Sinocat Environmental prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinocat Environmental is a good investment. Please check the relationship between Sinocat Environmental Depreciation and its Capital Expenditures accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinocat Environmental 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.
Depreciation vs Capital Expenditures
Depreciation vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sinocat Environmental Depreciation account and
Capital Expenditures. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Sinocat Environmental's Depreciation and Capital Expenditures is 0.81. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Sinocat Environmental Technology, assuming nothing else is changed. The correlation between historical values of Sinocat Environmental's Depreciation 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 Depreciation of Sinocat Environmental Technology 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 Depreciation i.e., Sinocat Environmental's Depreciation and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.81 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Depreciation
Depreciation indicates how much of Sinocat Environmental value has been used up. For tax purposes Sinocat Environmental can deduct the cost of the tangible assets it purchases as business expenses. However, Sinocat Environmental Technology must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Capital Expenditures
Capital Expenditures are funds used by Sinocat Environmental to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Sinocat Environmental operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Sinocat Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinocat Environmental 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 Sinocat Environmental 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
Selling General Administrative is expected to grow to about 59.7
M, whereas
Tax Provision is projected to grow to (5.3
M).
Sinocat Environmental fundamental ratios Correlations
Click cells to compare fundamentals
Sinocat Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sinocat Environmental fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Sinocat Stock
Balance Sheet is a snapshot of the
financial position of Sinocat Environmental at a specified time, usually calculated after every quarter, six months, or one year. Sinocat Environmental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sinocat Environmental 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 Sinocat currently owns. An asset can also be divided into two categories, current and non-current.