Shanghai Investments vs Depreciation Analysis

002269 Stock

2.02 0.18 9.78%

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

Investments vs Depreciation

Investments vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Metersbonwe Investments account and Depreciation. At this time, the significance of the direction appears to have no relationship.

The correlation between Shanghai Metersbonwe's Investments and Depreciation is 0.06. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Depreciation in the same time period over historical financial statements of Shanghai Metersbonwe FashionAccessories, assuming nothing else is changed. The correlation between historical values of Shanghai Metersbonwe's Investments 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 Investments of Shanghai Metersbonwe FashionAccessories 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 Investments i.e., Shanghai Metersbonwe's Investments and Depreciation go up and down completely randomly.

Correlation Coefficient

0.06

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Depreciation

Depreciation indicates how much of Shanghai Metersbonwe value has been used up. For tax purposes Shanghai Metersbonwe can deduct the cost of the tangible assets it purchases as business expenses. However, Shanghai Metersbonwe FashionAccessories 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 Shanghai Metersbonwe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Metersbonwe 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 Shanghai Metersbonwe FashionAccessories. 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 76.6 M, whereas Tax Provision is forecasted to decline to about 1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	94.4M	83.3M	58.8M	100.1M
Depreciation And Amortization	227.1M	34.1M	58.3M	93.8M

Interest Expense Depreciation And Amortization

Shanghai Metersbonwe fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.78	0.41	0.59	0.89	0.91	0.11	0.28	0.63	0.2	0.72	0.87	0.06	0.91	0.72	0.65	0.3	0.92	-0.24	0.58	0.68	0.98	0.71	0.74	0.05	0.78
Short Long Term Debt Total	0.78		0.33	0.58	0.56	0.73	0.22	0.63	0.34	0.06	0.67	0.66	0.13	0.56	0.67	0.51	0.31	0.66	-0.13	0.29	0.72	0.77	0.85	0.54	0.16	0.6
Other Current Liab	0.41	0.33		0.11	0.4	0.5	-0.67	0.02	0.35	-0.31	0.38	0.48	-0.12	0.37	0.38	0.25	-0.08	0.2	-0.32	0.49	0.19	0.31	0.21	0.55	-0.27	0.41
Total Current Liabilities	0.59	0.58	0.11		0.2	0.31	0.26	0.81	-0.12	0.75	-0.01	0.53	0.17	0.39	-0.01	0.73	0.26	0.65	0.12	-0.1	0.95	0.62	0.8	-0.01	0.49	0.28
Total Stockholder Equity	0.89	0.56	0.4	0.2		0.9	-0.02	-0.14	0.87	-0.14	0.83	0.79	-0.06	0.9	0.83	0.5	0.22	0.8	-0.45	0.81	0.3	0.86	0.41	0.91	-0.26	0.83
Property Plant And Equipment Net	0.91	0.73	0.5	0.31	0.9		0.07	0.11	0.75	-0.12	0.81	0.85	0.04	0.87	0.81	0.45	0.23	0.76	-0.36	0.68	0.45	0.84	0.54	0.89	-0.18	0.85
Current Deferred Revenue	0.11	0.22	-0.67	0.26	-0.02	0.07		0.31	-0.18	0.27	-0.02	0.06	0.37	0.04	-0.02	0.07	0.47	0.15	0.18	-0.15	0.26	0.13	0.27	-0.13	0.34	0.13
Net Debt	0.28	0.63	0.02	0.81	-0.14	0.11	0.31		-0.34	0.5	-0.14	0.2	0.18	0.02	-0.14	0.49	0.15	0.32	0.14	-0.37	0.78	0.32	0.8	-0.19	0.48	0.04
Retained Earnings	0.63	0.34	0.35	-0.12	0.87	0.75	-0.18	-0.34		-0.36	0.73	0.46	-0.09	0.78	0.73	0.35	-0.19	0.58	-0.58	0.74	-0.07	0.64	0.21	0.89	-0.64	0.6
Accounts Payable	0.2	0.06	-0.31	0.75	-0.14	-0.12	0.27	0.5	-0.36		-0.41	0.09	0.13	0.14	-0.41	0.35	0.07	0.4	0.48	-0.48	0.63	0.27	0.35	-0.46	0.63	-0.22
Cash	0.72	0.67	0.38	-0.01	0.83	0.81	-0.02	-0.14	0.73	-0.41		0.7	-0.02	0.66	1.0	0.22	0.27	0.5	-0.3	0.75	0.21	0.66	0.31	0.86	-0.27	0.78
Non Current Assets Total	0.87	0.66	0.48	0.53	0.79	0.85	0.06	0.2	0.46	0.09	0.7		0.04	0.78	0.7	0.55	0.42	0.7	-0.18	0.66	0.68	0.78	0.49	0.71	0.03	0.91
Non Currrent Assets Other	0.06	0.13	-0.12	0.17	-0.06	0.04	0.37	0.18	-0.09	0.13	-0.02	0.04		0.05	-0.02	0.04	0.0	0.03	0.17	-0.1	0.18	0.05	0.15	-0.04	0.05	-0.06
Other Assets	0.91	0.56	0.37	0.39	0.9	0.87	0.04	0.02	0.78	0.14	0.66	0.78	0.05		0.66	0.61	0.07	0.83	-0.26	0.67	0.46	0.89	0.47	0.78	-0.22	0.73
Cash And Short Term Investments	0.72	0.67	0.38	-0.01	0.83	0.81	-0.02	-0.14	0.73	-0.41	1.0	0.7	-0.02	0.66		0.22	0.27	0.5	-0.3	0.75	0.21	0.66	0.31	0.86	-0.27	0.78
Net Receivables	0.65	0.51	0.25	0.73	0.5	0.45	0.07	0.49	0.35	0.35	0.22	0.55	0.04	0.61	0.22		0.09	0.66	-0.44	0.34	0.67	0.71	0.72	0.38	-0.05	0.5
Common Stock Shares Outstanding	0.3	0.31	-0.08	0.26	0.22	0.23	0.47	0.15	-0.19	0.07	0.27	0.42	0.0	0.07	0.27	0.09		0.22	0.03	0.19	0.34	0.24	0.23	0.07	0.58	0.41
Inventory	0.92	0.66	0.2	0.65	0.8	0.76	0.15	0.32	0.58	0.4	0.5	0.7	0.03	0.83	0.5	0.66	0.22		-0.21	0.39	0.65	0.96	0.73	0.57	0.16	0.59
Other Current Assets	-0.24	-0.13	-0.32	0.12	-0.45	-0.36	0.18	0.14	-0.58	0.48	-0.3	-0.18	0.17	-0.26	-0.3	-0.44	0.03	-0.21		-0.54	0.18	-0.25	-0.25	-0.56	0.52	-0.39
Other Stockholder Equity	0.58	0.29	0.49	-0.1	0.81	0.68	-0.15	-0.37	0.74	-0.48	0.75	0.66	-0.1	0.67	0.75	0.34	0.19	0.39	-0.54		0.02	0.51	0.08	0.87	-0.5	0.83
Total Liab	0.68	0.72	0.19	0.95	0.3	0.45	0.26	0.78	-0.07	0.63	0.21	0.68	0.18	0.46	0.21	0.67	0.34	0.65	0.18	0.02		0.68	0.79	0.13	0.48	0.43
Total Current Assets	0.98	0.77	0.31	0.62	0.86	0.84	0.13	0.32	0.64	0.27	0.66	0.78	0.05	0.89	0.66	0.71	0.24	0.96	-0.25	0.51	0.68		0.76	0.69	0.05	0.7
Short Term Debt	0.71	0.85	0.21	0.8	0.41	0.54	0.27	0.8	0.21	0.35	0.31	0.49	0.15	0.47	0.31	0.72	0.23	0.73	-0.25	0.08	0.79	0.76		0.3	0.25	0.38
Intangible Assets	0.74	0.54	0.55	-0.01	0.91	0.89	-0.13	-0.19	0.89	-0.46	0.86	0.71	-0.04	0.78	0.86	0.38	0.07	0.57	-0.56	0.87	0.13	0.69	0.3		-0.49	0.84
Common Stock	0.05	0.16	-0.27	0.49	-0.26	-0.18	0.34	0.48	-0.64	0.63	-0.27	0.03	0.05	-0.22	-0.27	-0.05	0.58	0.16	0.52	-0.5	0.48	0.05	0.25	-0.49		-0.19
Property Plant Equipment	0.78	0.6	0.41	0.28	0.83	0.85	0.13	0.04	0.6	-0.22	0.78	0.91	-0.06	0.73	0.78	0.5	0.41	0.59	-0.39	0.83	0.43	0.7	0.38	0.84	-0.19

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Shanghai Metersbonwe Account Relationship Matchups

Shanghai Metersbonwe fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.4B	5.3B	5.1B	3.8B	2.7B	2.6B
Short Long Term Debt Total	1.2B	1.3B	1.7B	1.1B	575.1M	546.3M
Other Current Liab	75.4M	74.1M	110.2M	1.5B	64.5M	61.3M
Total Current Liabilities	4.3B	4.1B	4.0B	3.4B	2.0B	3.2B
Total Stockholder Equity	2.0B	1.2B	711.7M	247.1M	451.0M	428.5M
Property Plant And Equipment Net	1.1B	1.1B	1.4B	834.4M	264.3M	251.1M
Current Deferred Revenue	853.1M	1.1B	1.0B	78.7M	820.3M	603.3M
Net Debt	802.9M	1.2B	1.4B	965.2M	355.0M	644.8M
Retained Earnings	(1.2B)	(2.0B)	(2.5B)	(3.0B)	(3.0B)	(2.9B)
Accounts Payable	2.2B	1.6B	1.6B	850.4M	664.6M	1.0B
Cash	375.1M	181.3M	331.0M	125.9M	220.1M	209.1M
Non Current Assets Total	2.4B	2.2B	2.5B	2.1B	1.3B	2.4B
Other Assets	654.7M	444.8M	448.6M	1.0	1.15	1.09
Cash And Short Term Investments	375.1M	181.3M	331.0M	125.9M	220.1M	209.1M
Net Receivables	1.3B	1.2B	1.0B	701.2M	613.3M	1.2B
Liabilities And Stockholders Equity	6.4B	5.3B	5.1B	3.8B	2.7B	2.6B
Inventory	2.1B	1.6B	1.1B	745.4M	468.2M	444.8M
Other Current Assets	283.8M	144.3M	129.9M	81.8M	67.3M	70.7M
Other Stockholder Equity	31.7M	31.7M	(29.4M)	31.7M	684.9M	590.8M
Total Liab	4.3B	4.1B	4.4B	3.5B	2.3B	3.5B
Total Current Assets	4.0B	3.1B	2.6B	1.7B	1.4B	1.3B
Short Term Debt	1.2B	1.3B	1.3B	978.4M	417.5M	396.6M
Intangible Assets	37.1M	32.1M	19.3M	17.3M	6.9M	6.5M
Property Plant Equipment	1.1B	1.1B	1.4B	834.4M	959.6M	1.5B
Short Term Investments	(611.2M)	(342.3M)	(371.0M)	(594.7M)	(793.7M)	(833.4M)
Net Tangible Assets	2.0B	1.1B	692.3M	229.7M	206.8M	196.4M
Deferred Long Term Liab	165.6M	94.7M	44.7M	19.9M	17.9M	17.0M
Short Long Term Debt	1.2B	1.3B	1.2B	946.7M	383.8M	364.6M
Net Invested Capital	3.2B	2.5B	1.9B	1.2B	834.9M	793.1M
Net Working Capital	(359.4M)	(992.3M)	(1.4B)	(1.7B)	(598.0M)	(627.9M)

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Other Information on Investing in Shanghai Stock

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

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Shanghai Investments vs Depreciation Analysis

Investments vs Depreciation

Investments vs Depreciation Correlation Analysis

Correlation Coefficient

Investments

Depreciation

Shanghai Metersbonwe fundamental ratios Correlations

Shanghai Metersbonwe Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shanghai Metersbonwe fundamental ratios Accounts

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Other Information on Investing in Shanghai Stock

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Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.98	Total Assets
Total Current Assets	+ 0.96	Inventory
Total Liab	+ 0.95	Total Current Liabilities
Inventory	+ 0.92	Total Assets
Property Plant And Equipment Net	+ 0.91	Total Assets

Current Deferred Revenue	- 0.67	Other Current Liab
Common Stock	- 0.64	Retained Earnings
Other Current Assets	- 0.58	Retained Earnings
Intangible Assets	- 0.56	Other Current Assets
Other Stockholder Equity	- 0.54	Other Current Assets
Common Stock	- 0.5	Other Stockholder Equity