| 002034 Stock | | | 15.66 0.30 1.88% |
Wangneng Environment financial indicator trend analysis is more than just analyzing Wangneng Environment current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wangneng Environment is a good investment. Please check the relationship between Wangneng Environment Capital Expenditures and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Wangneng Environment Co. 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.
Capital Expenditures vs Depreciation
Capital Expenditures vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wangneng Environment Capital Expenditures account and
Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between Wangneng Environment's Capital Expenditures and Depreciation is 0.7. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Wangneng Environment Co, assuming nothing else is changed. The correlation between historical values of Wangneng Environment's Capital Expenditures and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Wangneng Environment Co are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Capital Expenditures i.e., Wangneng Environment's Capital Expenditures and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.7 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Capital Expenditures
Capital Expenditures are funds used by Wangneng Environment to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Wangneng Environment operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Depreciation
Depreciation indicates how much of Wangneng Environment value has been used up. For tax purposes Wangneng Environment can deduct the cost of the tangible assets it purchases as business expenses. However, Wangneng Environment Co 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.
Most indicators from Wangneng Environment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wangneng Environment 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 Wangneng Environment Co. 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.
As of December 16, 2024,
Selling General Administrative is expected to decline to about 56
M. In addition to that,
Discontinued Operations is expected to decline to about 3
MWangneng Environment fundamental ratios Correlations
Click cells to compare fundamentals
Wangneng Environment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wangneng Environment fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Wangneng Stock
Balance Sheet is a snapshot of the
financial position of Wangneng Environment at a specified time, usually calculated after every quarter, six months, or one year. Wangneng Environment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Wangneng Environment 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 Wangneng currently owns. An asset can also be divided into two categories, current and non-current.