Shandong Free Cash Flow vs Capital Expenditures Analysis

002671 Stock

4.77 0.10 2.14%

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

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Longquan Free Cash Flow account and Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Shandong Longquan's Free Cash Flow and Capital Expenditures is -0.24. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Shandong Longquan Pipeline, assuming nothing else is changed. The correlation between historical values of Shandong Longquan's Free Cash Flow 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 Free Cash Flow of Shandong Longquan Pipeline 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 Free Cash Flow i.e., Shandong Longquan's Free Cash Flow and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.24

Relationship Direction	Negative
Relationship Strength	Insignificant

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Capital Expenditures

Capital Expenditures are funds used by Shandong Longquan to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Shandong Longquan operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Shandong Longquan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Longquan 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 Shandong Longquan Pipeline. 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 Tax Provision is expected to grow to about 10.2 M, whereas Selling General Administrative is forecasted to decline to about 52.7 M.

	2021	2022	2023	2024 (projected)
Research Development	13.1M	20.3M	20.6M	14.5M
Minority Interest	4.6M	8.0M	2.3M	2.2M

Research Development Minority Interest

Shandong Longquan fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Good Will	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Treasury Stock	Short Term Debt	Non Current Assets Total
Total Assets		0.76	0.95	0.98	0.59	0.26	0.82	0.29	0.88	0.91	0.88	-0.34	0.95	0.9	0.86	0.97	0.13	0.81	0.58	0.51	-0.04	0.77	0.64	0.63	0.78	-0.05
Other Current Liab	0.76		0.8	0.72	0.32	0.62	0.52	0.18	0.58	0.72	0.73	-0.05	0.77	0.66	0.41	0.77	-0.03	0.7	0.19	0.7	0.34	0.59	0.82	0.35	0.55	0.42
Total Current Liabilities	0.95	0.8		0.89	0.54	0.21	0.8	0.13	0.84	0.94	0.87	-0.37	0.98	0.91	0.76	0.9	-0.02	0.83	0.56	0.54	-0.03	0.85	0.79	0.61	0.82	-0.08
Total Stockholder Equity	0.98	0.72	0.89		0.54	0.25	0.78	0.29	0.89	0.87	0.82	-0.29	0.88	0.88	0.87	0.98	0.09	0.83	0.62	0.49	-0.04	0.75	0.56	0.66	0.78	-0.05
Other Liab	0.59	0.32	0.54	0.54		0.36	0.51	0.11	0.59	0.67	0.72	-0.54	0.62	0.66	0.59	0.55	0.28	0.23	0.08	0.14	0.0	0.21	0.31	0.06	0.19	0.07
Retained Earnings	0.26	0.62	0.21	0.25	0.36		0.03	0.08	0.12	0.3	0.43	0.07	0.24	0.19	-0.06	0.36	0.12	0.1	-0.49	0.38	0.67	-0.16	0.41	-0.23	-0.17	0.93
Accounts Payable	0.82	0.52	0.8	0.78	0.51	0.03		0.37	0.67	0.79	0.72	-0.49	0.84	0.69	0.77	0.77	0.25	0.59	0.58	0.06	-0.15	0.62	0.51	0.34	0.64	-0.23
Cash	0.29	0.18	0.13	0.29	0.11	0.08	0.37		0.02	0.0	0.33	0.14	0.28	-0.08	0.17	0.23	0.79	-0.14	-0.1	-0.05	0.03	-0.09	-0.12	-0.09	-0.12	-0.05
Other Assets	0.88	0.58	0.84	0.89	0.59	0.12	0.67	0.02		0.83	0.69	-0.44	0.79	0.93	0.89	0.85	-0.14	0.81	0.65	0.47	-0.07	0.76	0.5	0.67	0.8	-0.18
Net Receivables	0.91	0.72	0.94	0.87	0.67	0.3	0.79	0.0	0.83		0.84	-0.45	0.92	0.93	0.76	0.89	-0.02	0.78	0.5	0.45	-0.03	0.75	0.73	0.55	0.74	0.02
Inventory	0.88	0.73	0.87	0.82	0.72	0.43	0.72	0.33	0.69	0.84		-0.33	0.92	0.77	0.63	0.84	0.31	0.59	0.25	0.42	0.04	0.55	0.68	0.32	0.51	0.14
Other Current Assets	-0.34	-0.05	-0.37	-0.29	-0.54	0.07	-0.49	0.14	-0.44	-0.45	-0.33		-0.39	-0.55	-0.5	-0.34	-0.06	-0.29	-0.32	-0.02	0.12	-0.35	-0.24	-0.23	-0.35	0.21
Total Liab	0.95	0.77	0.98	0.88	0.62	0.24	0.84	0.28	0.79	0.92	0.92	-0.39		0.87	0.76	0.89	0.19	0.72	0.48	0.5	-0.04	0.75	0.74	0.53	0.72	-0.07
Intangible Assets	0.9	0.66	0.91	0.88	0.66	0.19	0.69	-0.08	0.93	0.93	0.77	-0.55	0.87		0.86	0.88	-0.14	0.84	0.63	0.56	-0.05	0.83	0.67	0.69	0.83	-0.11
Common Stock	0.86	0.41	0.76	0.87	0.59	-0.06	0.77	0.17	0.89	0.76	0.63	-0.5	0.76	0.86		0.81	0.07	0.69	0.78	0.31	-0.14	0.71	0.4	0.68	0.78	-0.37
Property Plant Equipment	0.97	0.77	0.9	0.98	0.55	0.36	0.77	0.23	0.85	0.89	0.84	-0.34	0.89	0.88	0.81		0.08	0.84	0.55	0.54	-0.01	0.72	0.6	0.61	0.75	0.09
Long Term Debt	0.13	-0.03	-0.02	0.09	0.28	0.12	0.25	0.79	-0.14	-0.02	0.31	-0.06	0.19	-0.14	0.07	0.08		-0.35	-0.24	-0.08	-0.05	-0.32	-0.16	-0.22	-0.3	0.06
Good Will	0.81	0.7	0.83	0.83	0.23	0.1	0.59	-0.14	0.81	0.78	0.59	-0.29	0.72	0.84	0.69	0.84	-0.35		0.73	0.59	-0.15	0.91	0.64	0.78	0.93	-0.09
Net Tangible Assets	0.58	0.19	0.56	0.62	0.08	-0.49	0.58	-0.1	0.65	0.5	0.25	-0.32	0.48	0.63	0.78	0.55	-0.24	0.73		0.22	-0.46	0.8	0.28	0.78	0.89	-0.63
Deferred Long Term Liab	0.51	0.7	0.54	0.49	0.14	0.38	0.06	-0.05	0.47	0.45	0.42	-0.02	0.5	0.56	0.31	0.54	-0.08	0.59	0.22		0.17	0.53	0.57	0.64	0.53	0.26
Long Term Investments	-0.04	0.34	-0.03	-0.04	0.0	0.67	-0.15	0.03	-0.07	-0.03	0.04	0.12	-0.04	-0.05	-0.14	-0.01	-0.05	-0.15	-0.46	0.17		-0.22	0.36	-0.23	-0.26	0.63
Short Long Term Debt	0.77	0.59	0.85	0.75	0.21	-0.16	0.62	-0.09	0.76	0.75	0.55	-0.35	0.75	0.83	0.71	0.72	-0.32	0.91	0.8	0.53	-0.22		0.67	0.83	0.96	-0.37
Total Current Assets	0.64	0.82	0.79	0.56	0.31	0.41	0.51	-0.12	0.5	0.73	0.68	-0.24	0.74	0.67	0.4	0.6	-0.16	0.64	0.28	0.57	0.36	0.67		0.38	0.61	0.22
Treasury Stock	0.63	0.35	0.61	0.66	0.06	-0.23	0.34	-0.09	0.67	0.55	0.32	-0.23	0.53	0.69	0.68	0.61	-0.22	0.78	0.78	0.64	-0.23	0.83	0.38		0.86	-0.38
Short Term Debt	0.78	0.55	0.82	0.78	0.19	-0.17	0.64	-0.12	0.8	0.74	0.51	-0.35	0.72	0.83	0.78	0.75	-0.3	0.93	0.89	0.53	-0.26	0.96	0.61	0.86		-0.37
Non Current Assets Total	-0.05	0.42	-0.08	-0.05	0.07	0.93	-0.23	-0.05	-0.18	0.02	0.14	0.21	-0.07	-0.11	-0.37	0.09	0.06	-0.09	-0.63	0.26	0.63	-0.37	0.22	-0.38	-0.37

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Shandong Longquan Account Relationship Matchups

Shandong Longquan fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.2B	3.1B	3.2B	2.6B	2.6B	2.5B
Other Current Liab	308.7M	234.3M	170.0M	106.9M	71.2M	67.6M
Total Current Liabilities	1.1B	885.2M	931.8M	1.0B	881.5M	881.9M
Total Stockholder Equity	2.0B	2.2B	2.2B	1.6B	1.6B	1.6B
Other Liab	29.5M	18.9M	18.5M	16.8M	19.3M	21.6M
Retained Earnings	355.6M	265.5M	283.2M	(454.2M)	(426.6M)	(405.3M)
Accounts Payable	225.5M	168.5M	288.2M	259.7M	297.6M	230.2M
Cash	370.7M	376.2M	257.8M	427.6M	276.6M	355.1M
Other Assets	134.2M	128.4M	118.2M	91.5M	105.2M	72.7M
Net Receivables	890.0M	545.1M	1.0B	676.7M	732.2M	708.6M
Inventory	217.2M	274.8M	230.0M	215.0M	191.5M	248.4M
Other Current Assets	43.5M	89.0M	33.4M	20.5M	25.9M	42.0M
Total Liab	1.1B	903.7M	948.6M	1.1B	999.9M	971.4M
Intangible Assets	250.2M	217.7M	219.4M	201.8M	193.6M	166.0M
Property Plant Equipment	1.0B	1.0B	1.1B	614.5M	706.6M	752.4M
Long Term Debt	114.4M	63.7M	21.0M	39.6M	103.3M	75.4M
Net Tangible Assets	1.5B	1.5B	1.8B	1.8B	2.0B	1.7B
Deferred Long Term Liab	6.8M	9.4M	7.7M	2.3M	2.7M	2.5M
Short Long Term Debt	462.3M	424.1M	412.7M	585.6M	368.4M	473.7M
Total Current Assets	1.5B	1.5B	1.5B	1.6B	1.4B	1.3B
Non Current Assets Total	1.6B	1.6B	1.6B	1.0B	1.2B	1.2B
Non Currrent Assets Other	27.3M	21.9M	9.0M	2.2M	39.1M	24.3M
Non Current Liabilities Total	37.6M	18.5M	16.8M	52.1M	118.4M	124.3M
Net Debt	91.6M	47.9M	154.9M	197.6M	195.1M	149.0M
Net Invested Capital	2.5B	2.6B	2.6B	2.2B	2.1B	2.0B
Net Working Capital	428.7M	652.9M	594.0M	582.6M	562.2M	609.2M

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

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Shandong Free Cash Flow vs Capital Expenditures Analysis

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Free Cash Flow

Capital Expenditures

Shandong Longquan fundamental ratios Correlations

Shandong Longquan Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shandong Longquan fundamental ratios Accounts

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Other Information on Investing in Shandong Stock

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Total Stockholder Equity	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Current Liabilities
Property Plant Equipment	+ 0.98	Total Stockholder Equity
Property Plant Equipment	+ 0.97	Total Assets
Short Term Debt	+ 0.96	Short Long Term Debt
Total Current Liabilities	+ 0.95	Total Assets

Non Current Assets Total	- 0.63	Net Tangible Assets
Intangible Assets	- 0.55	Other Current Assets
Other Current Assets	- 0.54	Other Liab
Common Stock	- 0.5	Other Current Assets
Other Current Assets	- 0.49	Accounts Payable
Net Tangible Assets	- 0.49	Retained Earnings