Changchun Net Income vs Ebitda Analysis

000661 Stock

107.22 1.63 1.54%

Changchun High financial indicator trend analysis is way more than just evaluating Changchun High New prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changchun High New is a good investment. Please check the relationship between Changchun High Net Income and its Ebitda accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Changchun High 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 nation.

Net Income vs Ebitda

Net Income vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changchun High New Net Income account and Ebitda. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Changchun High's Net Income and Ebitda is 0.95. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Ebitda in the same time period over historical financial statements of Changchun High New, assuming nothing else is changed. The correlation between historical values of Changchun High's Net Income and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Changchun High New are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Net Income i.e., Changchun High's Net Income and Ebitda go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Changchun High New financial statement analysis. It represents the amount of money remaining after all of Changchun High New operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Ebitda

Most indicators from Changchun High's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changchun High 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 Changchun High 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 nation.

The current year's Selling General Administrative is expected to grow to about 3.2 B, whereas Tax Provision is forecasted to decline to about 528.1 M.

	2021	2022	2023	2024 (projected)
Operating Income	4.8B	5.1B	5.8B	6.1B
Total Revenue	10.7B	12.6B	14.6B	15.3B

Operating Income Total Revenue

Changchun High fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Other Current Assets	Total Liab	Total Current Assets	Intangible Assets	Short Long Term Debt Total	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Inventory	Other Stockholder Equity	Short Term Debt	Common Stock	Short Term Investments	Other Assets
Total Assets		0.75	0.97	1.0	0.98	0.99	0.73	0.83	0.31	0.97	1.0	0.98	0.95	0.33	-0.99	0.99	0.99	0.99	0.99	0.98	0.99	0.75	0.85	0.95	-0.04	-0.09
Other Current Liab	0.75		0.78	0.76	0.79	0.76	0.48	0.39	0.45	0.71	0.75	0.73	0.59	-0.25	-0.74	0.76	0.72	0.72	0.72	0.72	0.71	0.56	0.7	0.56	0.01	-0.02
Total Current Liabilities	0.97	0.78		0.95	0.92	0.94	0.73	0.8	0.36	0.99	0.98	0.9	0.9	0.39	-0.97	0.92	0.93	0.96	0.96	0.97	0.95	0.85	0.86	0.9	0.03	0.07
Total Stockholder Equity	1.0	0.76	0.95		0.99	1.0	0.7	0.81	0.32	0.95	0.99	0.99	0.95	0.3	-0.98	0.99	0.99	0.99	0.99	0.97	0.98	0.73	0.86	0.94	-0.03	-0.11
Property Plant And Equipment Net	0.98	0.79	0.92	0.99		0.99	0.62	0.73	0.3	0.91	0.97	0.99	0.92	0.19	-0.97	1.0	0.98	0.98	0.97	0.93	0.95	0.64	0.87	0.89	-0.01	-0.19
Non Current Assets Total	0.99	0.76	0.94	1.0	0.99		0.7	0.81	0.27	0.94	0.98	0.99	0.95	0.27	-0.97	1.0	0.99	0.98	0.98	0.96	0.98	0.68	0.85	0.93	-0.05	-0.15
Non Currrent Assets Other	0.73	0.48	0.73	0.7	0.62	0.7		0.92	-0.05	0.8	0.74	0.64	0.74	0.5	-0.69	0.66	0.68	0.7	0.7	0.82	0.76	0.72	0.42	0.78	-0.04	0.06
Non Current Liabilities Total	0.83	0.39	0.8	0.81	0.73	0.81	0.92		0.0	0.88	0.84	0.78	0.89	0.68	-0.81	0.77	0.8	0.83	0.83	0.88	0.86	0.74	0.56	0.91	-0.09	0.0
Other Current Assets	0.31	0.45	0.36	0.32	0.3	0.27	-0.05	0.0		0.28	0.34	0.26	0.11	-0.03	-0.31	0.28	0.27	0.27	0.27	0.22	0.28	0.55	0.24	0.2	-0.3	0.06
Total Liab	0.97	0.71	0.99	0.95	0.91	0.94	0.8	0.88	0.28		0.98	0.91	0.93	0.48	-0.96	0.92	0.94	0.97	0.97	0.98	0.97	0.86	0.82	0.94	0.0	0.05
Total Current Assets	1.0	0.75	0.98	0.99	0.97	0.98	0.74	0.84	0.34	0.98		0.96	0.95	0.38	-0.99	0.97	0.98	0.99	0.99	0.98	0.99	0.8	0.85	0.95	-0.03	-0.04
Intangible Assets	0.98	0.73	0.9	0.99	0.99	0.99	0.64	0.78	0.26	0.91	0.96		0.95	0.24	-0.95	1.0	0.98	0.97	0.97	0.93	0.97	0.62	0.85	0.93	-0.09	-0.16
Short Long Term Debt Total	0.95	0.59	0.9	0.95	0.92	0.95	0.74	0.89	0.11	0.93	0.95	0.95		0.45	-0.92	0.94	0.93	0.96	0.95	0.96	0.95	0.67	0.85	0.99	0.0	-0.01
Current Deferred Revenue	0.33	-0.25	0.39	0.3	0.19	0.27	0.5	0.68	-0.03	0.48	0.38	0.24	0.45		-0.35	0.23	0.31	0.37	0.37	0.4	0.39	0.59	0.17	0.51	-0.08	0.25
Net Debt	-0.99	-0.74	-0.97	-0.98	-0.97	-0.97	-0.69	-0.81	-0.31	-0.96	-0.99	-0.95	-0.92	-0.35		-0.97	-0.98	-0.99	-0.99	-0.95	-0.96	-0.77	-0.86	-0.9	-0.05	0.14
Retained Earnings	0.99	0.76	0.92	0.99	1.0	1.0	0.66	0.77	0.28	0.92	0.97	1.0	0.94	0.23	-0.97		0.98	0.98	0.98	0.94	0.97	0.65	0.87	0.92	-0.03	-0.16
Accounts Payable	0.99	0.72	0.93	0.99	0.98	0.99	0.68	0.8	0.27	0.94	0.98	0.98	0.93	0.31	-0.98	0.98		0.98	0.98	0.93	0.98	0.69	0.83	0.91	-0.05	-0.19
Cash	0.99	0.72	0.96	0.99	0.98	0.98	0.7	0.83	0.27	0.97	0.99	0.97	0.96	0.37	-0.99	0.98	0.98		1.0	0.97	0.97	0.74	0.88	0.94	0.04	-0.12
Cash And Short Term Investments	0.99	0.72	0.96	0.99	0.97	0.98	0.7	0.83	0.27	0.97	0.99	0.97	0.95	0.37	-0.99	0.98	0.98	1.0		0.97	0.97	0.75	0.88	0.93	0.06	-0.12
Net Receivables	0.98	0.72	0.97	0.97	0.93	0.96	0.82	0.88	0.22	0.98	0.98	0.93	0.96	0.4	-0.95	0.94	0.93	0.97	0.97		0.96	0.79	0.84	0.96	0.03	0.02
Inventory	0.99	0.71	0.95	0.98	0.95	0.98	0.76	0.86	0.28	0.97	0.99	0.97	0.95	0.39	-0.96	0.97	0.98	0.97	0.97	0.96		0.76	0.79	0.95	-0.14	-0.02
Other Stockholder Equity	0.75	0.56	0.85	0.73	0.64	0.68	0.72	0.74	0.55	0.86	0.8	0.62	0.67	0.59	-0.77	0.65	0.69	0.74	0.75	0.79	0.76		0.56	0.73	-0.06	0.21
Short Term Debt	0.85	0.7	0.86	0.86	0.87	0.85	0.42	0.56	0.24	0.82	0.85	0.85	0.85	0.17	-0.86	0.87	0.83	0.88	0.88	0.84	0.79	0.56		0.79	0.33	0.01
Common Stock	0.95	0.56	0.9	0.94	0.89	0.93	0.78	0.91	0.2	0.94	0.95	0.93	0.99	0.51	-0.9	0.92	0.91	0.94	0.93	0.96	0.95	0.73	0.79		-0.11	0.06
Short Term Investments	-0.04	0.01	0.03	-0.03	-0.01	-0.05	-0.04	-0.09	-0.3	0.0	-0.03	-0.09	0.0	-0.08	-0.05	-0.03	-0.05	0.04	0.06	0.03	-0.14	-0.06	0.33	-0.11		-0.13
Other Assets	-0.09	-0.02	0.07	-0.11	-0.19	-0.15	0.06	0.0	0.06	0.05	-0.04	-0.16	-0.01	0.25	0.14	-0.16	-0.19	-0.12	-0.12	0.02	-0.02	0.21	0.01	0.06	-0.13

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Changchun High Account Relationship Matchups

Changchun High fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.7B	16.8B	22.5B	26.0B	30.7B	32.3B
Other Current Liab	1.2B	556.0M	322.8M	2.3B	2.6B	2.7B
Total Current Liabilities	3.2B	3.5B	3.8B	3.8B	4.8B	5.0B
Total Stockholder Equity	8.1B	10.9B	14.6B	18.0B	22.1B	23.2B
Property Plant And Equipment Net	2.4B	2.7B	4.4B	5.6B	7.7B	8.1B
Non Current Assets Total	4.0B	5.8B	8.5B	10.7B	12.6B	13.2B
Non Currrent Assets Other	665.9M	703.2M	840.8M	1.3B	424.4M	445.6M
Liabilities And Stockholders Equity	12.7B	16.8B	22.5B	26.0B	30.7B	32.3B
Non Current Liabilities Total	696.9M	1.1B	1.5B	1.4B	791.8M	831.3M
Other Current Assets	190.2M	175.5M	126.8M	175.0M	819.2M	860.1M
Total Liab	3.9B	4.5B	5.3B	5.2B	5.6B	5.9B
Total Current Assets	8.7B	11.1B	14.0B	15.3B	18.2B	19.1B
Intangible Assets	451.0M	1.2B	1.8B	2.2B	2.9B	3.0B
Short Long Term Debt Total	583.0M	1.4B	1.5B	1.4B	1.7B	1.8B
Current Deferred Revenue	1.2B	1.9B	2.5B	548.2M	375.1M	479.3M
Net Debt	(3.2B)	(2.5B)	(4.2B)	(4.1B)	(5.9B)	(5.6B)
Retained Earnings	4.2B	6.9B	10.0B	13.4B	17.1B	18.0B
Accounts Payable	300.6M	313.9M	623.8M	628.5M	790.6M	830.2M
Cash	3.7B	4.0B	5.7B	5.6B	7.6B	8.0B
Cash And Short Term Investments	3.9B	4.0B	5.7B	5.6B	7.6B	8.0B
Net Receivables	2.9B	3.9B	3.8B	4.9B	4.8B	5.0B
Inventory	1.8B	3.0B	4.4B	4.7B	5.0B	5.2B
Other Stockholder Equity	3.0B	2.8B	3.0B	2.7B	2.5B	2.6B
Short Term Debt	515.4M	660.4M	332.2M	318.5M	1.0B	1.1B
Short Term Investments	215.9M	10.3M	(129.3M)	(93.4M)	10.0M	10.5M
Other Assets	426.5M	683.6M	1.0	1.0B	1.15	1.09
Other Liab	161.5M	179.3M	274.4M	297.1M	341.7M	358.8M
Long Term Debt	67.6M	779.4M	1.2B	1.1B	626.6M	658.0M
Property Plant Equipment	1.7B	2.4B	2.7B	4.4B	5.0B	5.3B
Net Tangible Assets	5.1B	7.8B	9.9B	13.1B	15.1B	15.8B
Deferred Long Term Liab	152.4M	191.8M	231.0M	452.5M	520.3M	546.4M
Short Long Term Debt	515M	660M	80M	89M	144.5M	258.6M
Non Current Liabilities Other	11.8M	450M	253.1K	307.0K	172.9K	164.3K
Net Invested Capital	8.7B	12.4B	15.8B	19.2B	22.8B	14.0B
Net Working Capital	5.5B	7.6B	10.3B	11.5B	13.4B	8.7B

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

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Changchun Net Income vs Ebitda Analysis

Net Income vs Ebitda

Net Income vs Ebitda Correlation Analysis

Correlation Coefficient

Net Income

Ebitda

Changchun High fundamental ratios Correlations

Changchun High Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Changchun High fundamental ratios Accounts

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Other Information on Investing in Changchun Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Retained Earnings	+ 1.0	Property Plant And Equipment Net
Retained Earnings	+ 1.0	Non Current Assets Total
Retained Earnings	+ 1.0	Intangible Assets

Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Net Debt	- 0.99	Total Current Assets
Net Debt	- 0.99	Total Assets
Accounts Payable	- 0.98	Net Debt
Net Debt	- 0.98	Total Stockholder Equity