TCL Net Income vs Change In Working Capital Analysis

002129 Stock

10.04 0.05 0.50%

TCL Zhonghuan financial indicator trend analysis is much more than just breaking down TCL Zhonghuan Renewable prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TCL Zhonghuan Renewable is a good investment. Please check the relationship between TCL Zhonghuan Net Income and its Change In Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in TCL Zhonghuan Renewable. 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 Change In Working Capital

Net Income vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TCL Zhonghuan Renewable Net Income account and Change In Working Capital. At this time, the significance of the direction appears to have pay attention.

The correlation between TCL Zhonghuan's Net Income and Change In Working Capital is -0.84. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of TCL Zhonghuan Renewable, assuming nothing else is changed. The correlation between historical values of TCL Zhonghuan's Net Income 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 Net Income of TCL Zhonghuan Renewable 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 Net Income i.e., TCL Zhonghuan's Net Income and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

-0.84

Relationship Direction	Negative
Relationship Strength	Significant

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Net Income

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

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 TCL Zhonghuan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TCL Zhonghuan Renewable 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 TCL Zhonghuan Renewable. 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 1.2 B. The current year's Tax Provision is expected to grow to about 677.4 M

	2021	2022	2023	2024 (projected)
Operating Income	5.9B	8.0B	8.2B	8.6B
Total Revenue	41.1B	67.0B	59.1B	62.1B

Operating Income Total Revenue

TCL Zhonghuan fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Intangible Assets	Good Will	Short Term Investments	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		0.23	0.94	0.99	0.97	0.98	0.98	0.9	0.96	0.98	0.78	0.95	0.81	1.0	0.84	1.0	0.98	0.74	0.78	0.96	0.86	0.88	-0.42	0.9	0.75	0.92
Other Current Liab	0.23		0.42	0.27	0.26	0.13	0.25	0.45	0.33	0.12	0.31	0.01	0.49	0.23	0.32	0.22	0.32	-0.39	0.15	0.18	0.52	0.38	0.12	0.36	0.47	0.33
Total Current Liabilities	0.94	0.42		0.93	0.88	0.85	0.94	0.97	0.97	0.88	0.86	0.8	0.78	0.94	0.91	0.93	0.96	0.54	0.62	0.84	0.86	0.96	-0.18	0.84	0.86	0.87
Total Stockholder Equity	0.99	0.27	0.93		0.96	0.97	0.96	0.92	0.96	0.96	0.77	0.94	0.84	0.98	0.86	0.99	0.98	0.71	0.78	0.97	0.87	0.85	-0.43	0.9	0.74	0.91
Other Liab	0.97	0.26	0.88	0.96		0.98	0.95	0.83	0.9	0.94	0.73	0.93	0.79	0.96	0.72	0.97	0.96	0.74	0.8	0.98	0.88	0.82	-0.55	0.91	0.65	0.92
Retained Earnings	0.98	0.13	0.85	0.97	0.98		0.96	0.8	0.89	0.98	0.67	0.98	0.81	0.97	0.73	0.98	0.94	0.8	0.86	0.99	0.8	0.77	-0.55	0.89	0.63	0.9
Accounts Payable	0.98	0.25	0.94	0.96	0.95	0.96		0.88	0.94	0.97	0.76	0.93	0.81	0.99	0.81	0.98	0.96	0.67	0.81	0.94	0.84	0.88	-0.41	0.91	0.73	0.92
Cash	0.9	0.45	0.97	0.92	0.83	0.8	0.88		0.98	0.83	0.88	0.75	0.76	0.9	0.96	0.89	0.93	0.49	0.57	0.8	0.86	0.93	-0.11	0.81	0.88	0.82
Other Assets	0.96	0.33	0.97	0.96	0.9	0.89	0.94	0.98		0.91	0.87	0.85	0.78	0.95	0.94	0.95	0.97	0.63	0.64	0.88	0.86	0.93	-0.21	0.85	0.85	0.87
Long Term Debt	0.98	0.12	0.88	0.96	0.94	0.98	0.97	0.83	0.91		0.7	0.97	0.79	0.99	0.78	0.98	0.94	0.78	0.83	0.95	0.78	0.82	-0.44	0.88	0.68	0.9
Net Receivables	0.78	0.31	0.86	0.77	0.73	0.67	0.76	0.88	0.87	0.7		0.62	0.6	0.77	0.79	0.76	0.8	0.47	0.4	0.68	0.77	0.87	-0.01	0.71	0.73	0.69
Inventory	0.95	0.01	0.8	0.94	0.93	0.98	0.93	0.75	0.85	0.97	0.62		0.77	0.95	0.72	0.95	0.89	0.85	0.85	0.96	0.72	0.71	-0.56	0.84	0.56	0.85
Other Current Assets	0.81	0.49	0.78	0.84	0.79	0.81	0.81	0.76	0.78	0.79	0.6	0.77		0.82	0.65	0.81	0.79	0.4	0.78	0.81	0.77	0.65	-0.34	0.82	0.63	0.8
Total Liab	1.0	0.23	0.94	0.98	0.96	0.97	0.99	0.9	0.95	0.99	0.77	0.95	0.82		0.84	0.99	0.98	0.72	0.79	0.95	0.84	0.89	-0.38	0.9	0.76	0.92
Common Stock	0.84	0.32	0.91	0.86	0.72	0.73	0.81	0.96	0.94	0.78	0.79	0.72	0.65	0.84		0.83	0.85	0.52	0.47	0.71	0.72	0.86	0.0	0.68	0.87	0.72
Property Plant Equipment	1.0	0.22	0.93	0.99	0.97	0.98	0.98	0.89	0.95	0.98	0.76	0.95	0.81	0.99	0.83		0.98	0.75	0.79	0.97	0.85	0.88	-0.43	0.9	0.74	0.92
Intangible Assets	0.98	0.32	0.96	0.98	0.96	0.94	0.96	0.93	0.97	0.94	0.8	0.89	0.79	0.98	0.85	0.98		0.68	0.71	0.94	0.9	0.93	-0.37	0.89	0.8	0.92
Good Will	0.74	-0.39	0.54	0.71	0.74	0.8	0.67	0.49	0.63	0.78	0.47	0.85	0.4	0.72	0.52	0.75	0.68		0.55	0.78	0.45	0.52	-0.49	0.55	0.37	0.59
Short Term Investments	0.78	0.15	0.62	0.78	0.8	0.86	0.81	0.57	0.64	0.83	0.4	0.85	0.78	0.79	0.47	0.79	0.71	0.55		0.83	0.71	0.49	-0.61	0.88	0.4	0.87
Net Tangible Assets	0.96	0.18	0.84	0.97	0.98	0.99	0.94	0.8	0.88	0.95	0.68	0.96	0.81	0.95	0.71	0.97	0.94	0.78	0.83		0.84	0.76	-0.59	0.89	0.61	0.9
Deferred Long Term Liab	0.86	0.52	0.86	0.87	0.88	0.8	0.84	0.86	0.86	0.78	0.77	0.72	0.77	0.84	0.72	0.85	0.9	0.45	0.71	0.84		0.82	-0.36	0.94	0.76	0.94
Long Term Investments	0.88	0.38	0.96	0.85	0.82	0.77	0.88	0.93	0.93	0.82	0.87	0.71	0.65	0.89	0.86	0.88	0.93	0.52	0.49	0.76	0.82		-0.06	0.78	0.89	0.81
Short Long Term Debt	-0.42	0.12	-0.18	-0.43	-0.55	-0.55	-0.41	-0.11	-0.21	-0.44	-0.01	-0.56	-0.34	-0.38	0.0	-0.43	-0.37	-0.49	-0.61	-0.59	-0.36	-0.06		-0.46	0.21	-0.45
Total Current Assets	0.9	0.36	0.84	0.9	0.91	0.89	0.91	0.81	0.85	0.88	0.71	0.84	0.82	0.9	0.68	0.9	0.89	0.55	0.88	0.89	0.94	0.78	-0.46		0.68	0.99
Short Term Debt	0.75	0.47	0.86	0.74	0.65	0.63	0.73	0.88	0.85	0.68	0.73	0.56	0.63	0.76	0.87	0.74	0.8	0.37	0.4	0.61	0.76	0.89	0.21	0.68		0.72
Non Current Assets Total	0.92	0.33	0.87	0.91	0.92	0.9	0.92	0.82	0.87	0.9	0.69	0.85	0.8	0.92	0.72	0.92	0.92	0.59	0.87	0.9	0.94	0.81	-0.45	0.99	0.72

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TCL Zhonghuan Account Relationship Matchups

TCL Zhonghuan fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	49.1B	58.7B	78.0B	109.1B	125.1B	131.3B
Other Current Liab	1.4B	2.0B	3.0B	2.7B	106.6M	101.3M
Total Current Liabilities	15.6B	17.3B	20.4B	23.0B	22.3B	23.4B
Total Stockholder Equity	14.1B	19.2B	31.7B	37.6B	41.5B	43.6B
Other Liab	600.6M	828.8M	1.5B	1.9B	2.2B	2.3B
Retained Earnings	2.8B	3.8B	7.6B	14.1B	16.3B	17.2B
Accounts Payable	6.4B	7.5B	8.9B	16.6B	15.4B	16.1B
Cash	7.7B	7.5B	10.7B	10.2B	10.0B	10.5B
Other Assets	3.1B	3.1B	4.5B	4.6B	5.3B	5.6B
Long Term Debt	12.4B	11.2B	12.6B	31.9B	35.5B	37.3B
Net Receivables	6.2B	2.1B	6.8B	3.8B	5.4B	5.7B
Inventory	1.6B	2.1B	3.1B	6.4B	8.2B	8.6B
Other Current Assets	747.2M	857.3M	2.0B	2.9B	1.8B	1.9B
Total Liab	28.6B	30.6B	36.3B	62.1B	64.8B	68.1B
Property Plant Equipment	25.6B	33.3B	40.6B	60.1B	69.1B	72.6B
Intangible Assets	2.5B	3.3B	4.1B	4.7B	5.4B	5.7B
Net Tangible Assets	12.0B	16.4B	28.6B	33.7B	38.8B	40.7B
Deferred Long Term Liab	890.5M	980.6M	1.5B	1.3B	1.5B	901.7M
Short Long Term Debt	4.4B	1.7B	1.4B	650.6M	250.1M	237.6M
Total Current Assets	16.2B	16.1B	24.5B	31.8B	34.6B	20.3B
Non Current Assets Total	32.9B	42.6B	53.5B	77.3B	90.4B	49.5B
Non Currrent Assets Other	1.2B	34.5B	2.2B	2.6B	6.1B	6.9B
Non Current Liabilities Total	13.0B	13.3B	15.9B	39.1B	42.5B	44.6B
Non Current Liabilities Other	7.3B	10.7B	20M	47.1M	75.4M	71.7M
Net Debt	7.4B	5.4B	3.3B	22.4B	25.7B	27.0B
Other Stockholder Equity	779.1M	18.5M	22.6M	24.2M	21.7M	20.7M
Net Invested Capital	29.2B	32.1B	45.7B	70.2B	77.2B	47.3B
Net Working Capital	625.2M	(1.2B)	4.0B	8.8B	12.3B	12.9B

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Other Information on Investing in TCL Stock

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

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TCL Net Income vs Change In Working Capital Analysis

Net Income vs Change In Working Capital

Net Income vs Change In Working Capital Correlation Analysis

Correlation Coefficient

Net Income

Change In Working Capital

TCL Zhonghuan fundamental ratios Correlations

TCL Zhonghuan Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TCL Zhonghuan fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Total Stockholder Equity
Net Tangible Assets	+ 0.99	Retained Earnings
Total Liab	+ 0.99	Accounts Payable

Short Long Term Debt	- 0.61	Short Term Investments
Short Long Term Debt	- 0.59	Net Tangible Assets
Short Long Term Debt	- 0.56	Inventory
Short Long Term Debt	- 0.55	Retained Earnings
Short Long Term Debt	- 0.55	Other Liab
Short Long Term Debt	- 0.49	Good Will