Anhui Net Income vs Capital Expenditures Analysis

002743 Stock

6.97 0.09 1.31%

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

Net Income vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Anhui Fuhuang Steel Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Anhui Fuhuang's Net Income and Capital Expenditures is -0.03. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Anhui Fuhuang Steel, assuming nothing else is changed. The correlation between historical values of Anhui Fuhuang's Net Income 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 Net Income of Anhui Fuhuang Steel 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 Net Income i.e., Anhui Fuhuang's Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.03

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Income

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

Capital Expenditures

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

Most indicators from Anhui Fuhuang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anhui Fuhuang Steel 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 Anhui Fuhuang Steel. 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 5.5 M, whereas Selling General Administrative is forecasted to decline to about 87.4 M.

	2021	2022	2023	2024 (projected)
Operating Income	419.5M	347.1M	316.3M	231.2M
Total Revenue	5.7B	4.8B	4.6B	3.4B

Operating Income Total Revenue

Anhui Fuhuang fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Retained Earnings	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt
Total Assets		0.35	0.98	0.99	-0.38	0.94	0.61	0.63	0.6	0.84	0.0	0.59	1.0	0.84	0.96	0.95	0.99	0.98	0.8	-0.93	0.87	0.97	0.89	0.8	-0.37	0.88
Other Current Liab	0.35		0.36	0.35	-0.29	0.27	0.18	0.42	0.07	0.29	0.5	0.3	0.34	0.53	0.38	0.52	0.31	0.31	0.79	-0.28	0.46	0.25	0.52	-0.04	-0.77	0.31
Total Current Liabilities	0.98	0.36		0.94	-0.4	0.96	0.56	0.55	0.5	0.84	-0.04	0.59	0.99	0.74	0.9	0.93	0.98	0.94	0.8	-0.91	0.78	0.96	0.86	0.8	-0.42	0.88
Total Stockholder Equity	0.99	0.35	0.94		-0.37	0.92	0.69	0.66	0.64	0.83	0.02	0.61	0.97	0.89	0.99	0.95	0.96	0.99	0.79	-0.92	0.91	0.95	0.88	0.76	-0.38	0.85
Other Liab	-0.38	-0.29	-0.4	-0.37		-0.41	-0.31	-0.39	-0.47	-0.28	-0.46	-0.28	-0.38	-0.42	-0.36	-0.34	-0.35	-0.3	-0.33	0.29	-0.4	-0.25	-0.31	-0.1	0.2	-0.2
Accounts Payable	0.94	0.27	0.96	0.92	-0.41		0.68	0.47	0.54	0.87	0.0	0.68	0.95	0.75	0.87	0.87	0.94	0.9	0.72	-0.91	0.77	0.92	0.78	0.78	-0.46	0.72
Cash	0.61	0.18	0.56	0.69	-0.31	0.68		0.21	0.42	0.52	-0.01	0.69	0.57	0.65	0.7	0.56	0.59	0.68	0.5	-0.62	0.65	0.6	0.41	0.43	-0.51	0.34
Other Assets	0.63	0.42	0.55	0.66	-0.39	0.47	0.21		0.66	0.55	0.17	0.25	0.61	0.74	0.69	0.66	0.59	0.61	0.6	-0.5	0.69	0.5	0.77	0.43	-0.12	0.59
Long Term Debt	0.6	0.07	0.5	0.64	-0.47	0.54	0.42	0.66		0.45	0.32	0.27	0.57	0.72	0.65	0.51	0.54	0.55	0.35	-0.48	0.67	0.47	0.51	0.35	0.05	0.42
Net Receivables	0.84	0.29	0.84	0.83	-0.28	0.87	0.52	0.55	0.45		-0.1	0.39	0.84	0.68	0.8	0.79	0.88	0.83	0.62	-0.78	0.7	0.82	0.74	0.79	-0.44	0.64
Inventory	0.0	0.5	-0.04	0.02	-0.46	0.0	-0.01	0.17	0.32	-0.1		0.17	-0.01	0.38	0.08	0.13	-0.08	-0.08	0.26	0.01	0.26	-0.16	0.07	-0.54	-0.31	-0.17
Other Current Assets	0.59	0.3	0.59	0.61	-0.28	0.68	0.69	0.25	0.27	0.39	0.17		0.58	0.6	0.59	0.66	0.56	0.58	0.66	-0.71	0.56	0.56	0.56	0.29	-0.62	0.37
Total Liab	1.0	0.34	0.99	0.97	-0.38	0.95	0.57	0.61	0.57	0.84	-0.01	0.58		0.8	0.94	0.95	0.99	0.97	0.79	-0.93	0.84	0.97	0.88	0.81	-0.36	0.89
Intangible Assets	0.84	0.53	0.74	0.89	-0.42	0.75	0.65	0.74	0.72	0.68	0.38	0.6	0.8		0.92	0.87	0.77	0.83	0.81	-0.78	0.96	0.74	0.83	0.45	-0.44	0.64
Common Stock	0.96	0.38	0.9	0.99	-0.36	0.87	0.7	0.69	0.65	0.8	0.08	0.59	0.94	0.92		0.95	0.93	0.97	0.79	-0.88	0.92	0.91	0.86	0.7	-0.38	0.82
Property Plant Equipment	0.95	0.52	0.93	0.95	-0.34	0.87	0.56	0.66	0.51	0.79	0.13	0.66	0.95	0.87	0.95		0.93	0.94	0.9	-0.91	0.87	0.9	0.93	0.64	-0.51	0.86
Retained Earnings	0.99	0.31	0.98	0.96	-0.35	0.94	0.59	0.59	0.54	0.88	-0.08	0.56	0.99	0.77	0.93	0.93		0.97	0.77	-0.93	0.83	0.97	0.87	0.83	-0.38	0.89
Net Tangible Assets	0.98	0.31	0.94	0.99	-0.3	0.9	0.68	0.61	0.55	0.83	-0.08	0.58	0.97	0.83	0.97	0.94	0.97		0.78	-0.93	0.89	0.97	0.88	0.8	-0.35	0.89
Other Stockholder Equity	0.8	0.79	0.8	0.79	-0.33	0.72	0.5	0.6	0.35	0.62	0.26	0.66	0.79	0.81	0.79	0.9	0.77	0.78		-0.79	0.81	0.75	0.89	0.44	-0.72	0.75
Deferred Long Term Liab	-0.93	-0.28	-0.91	-0.92	0.29	-0.91	-0.62	-0.5	-0.48	-0.78	0.01	-0.71	-0.93	-0.78	-0.88	-0.91	-0.93	-0.93	-0.79		-0.87	-0.95	-0.89	-0.74	0.41	-0.83
Long Term Investments	0.87	0.46	0.78	0.91	-0.4	0.77	0.65	0.69	0.67	0.7	0.26	0.56	0.84	0.96	0.92	0.87	0.83	0.89	0.81	-0.87		0.83	0.88	0.56	-0.38	0.75
Total Current Assets	0.97	0.25	0.96	0.95	-0.25	0.92	0.6	0.5	0.47	0.82	-0.16	0.56	0.97	0.74	0.91	0.9	0.97	0.97	0.75	-0.95	0.83		0.86	0.87	-0.32	0.91
Non Current Assets Total	0.89	0.52	0.86	0.88	-0.31	0.78	0.41	0.77	0.51	0.74	0.07	0.56	0.88	0.83	0.86	0.93	0.87	0.88	0.89	-0.89	0.88	0.86		0.68	-0.4	0.88
Non Currrent Assets Other	0.8	-0.04	0.8	0.76	-0.1	0.78	0.43	0.43	0.35	0.79	-0.54	0.29	0.81	0.45	0.7	0.64	0.83	0.8	0.44	-0.74	0.56	0.87	0.68		-0.04	0.77
Non Current Liabilities Total	-0.37	-0.77	-0.42	-0.38	0.2	-0.46	-0.51	-0.12	0.05	-0.44	-0.31	-0.62	-0.36	-0.44	-0.38	-0.51	-0.38	-0.35	-0.72	0.41	-0.38	-0.32	-0.4	-0.04		-0.17
Short Long Term Debt	0.88	0.31	0.88	0.85	-0.2	0.72	0.34	0.59	0.42	0.64	-0.17	0.37	0.89	0.64	0.82	0.86	0.89	0.89	0.75	-0.83	0.75	0.91	0.88	0.77	-0.17

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Anhui Fuhuang Account Relationship Matchups

Anhui Fuhuang fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.7B	9.0B	10.1B	11.1B	10.5B	6.8B
Other Current Liab	412.9M	399.5M	356.7M	148.0M	338.0M	346.9M
Total Current Liabilities	4.8B	5.5B	6.3B	6.8B	6.3B	4.2B
Total Stockholder Equity	2.2B	2.9B	3.1B	3.1B	3.2B	1.9B
Other Liab	8.9M	8.2M	11.9M	54.5M	49.1M	31.7M
Accounts Payable	2.9B	3.4B	4.1B	3.7B	2.6B	2.2B
Cash	729.2M	1.5B	1.0B	656.8M	813.2M	792.7M
Other Assets	354.7M	124.6M	206.3M	280.9M	323.0M	193.7M
Long Term Debt	667.3M	549.0M	588.0M	913.7M	673.4M	555.7M
Net Receivables	2.3B	2.4B	6.5B	3.0B	3.4B	2.3B
Inventory	2.4B	505.8M	408.0M	499.0M	492.8M	823.1M
Other Current Assets	429.8M	608.2M	169.9M	194.2M	96.3M	163.9M
Total Liab	5.5B	6.1B	7.0B	7.9B	7.3B	4.8B
Intangible Assets	185.0M	179.7M	174.3M	169.8M	167.2M	145.2M
Property Plant Equipment	1.4B	1.5B	1.5B	1.5B	1.7B	1.0B
Retained Earnings	628.9M	730.7M	869.8M	831.8M	898.7M	615.1M
Net Tangible Assets	1.8B	2.0B	2.7B	2.9B	3.3B	2.1B
Other Stockholder Equity	4.2M	2.9M	3.3M	2.6M	3.0M	2.8M
Total Current Assets	5.9B	7.2B	8.1B	9.0B	8.4B	6.7B
Non Current Assets Total	1.8B	1.9B	2.0B	2.1B	2.1B	2.1B
Non Currrent Assets Other	67.7M	138.9M	195.8M	201.5M	155.7M	140.5M
Non Current Liabilities Total	675.5M	560.8M	646.5M	1.1B	932.3M	896.3M
Short Long Term Debt	986.7M	1.2B	1.2B	2.0B	2.2B	1.4B
Non Current Liabilities Other	1.4M	904.0K	704.8K	1.6M	3.0M	3.2M
Net Debt	924.8M	281.9M	779.4M	2.2B	2.1B	1.4B
Net Invested Capital	3.8B	4.7B	4.8B	6.0B	6.1B	5.2B
Net Working Capital	1.1B	1.6B	1.8B	2.2B	2.1B	1.6B

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Other Information on Investing in Anhui Stock

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

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Anhui Net Income vs Capital Expenditures Analysis

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Net Income

Capital Expenditures

Anhui Fuhuang fundamental ratios Correlations

Anhui Fuhuang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Anhui Fuhuang fundamental ratios Accounts

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Other Information on Investing in Anhui Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Common Stock	+ 0.99	Total Stockholder Equity
Net Tangible Assets	+ 0.99	Total Stockholder Equity

Total Current Assets	- 0.95	Deferred Long Term Liab
Deferred Long Term Liab	- 0.93	Net Tangible Assets
Deferred Long Term Liab	- 0.93	Retained Earnings
Deferred Long Term Liab	- 0.93	Total Liab
Deferred Long Term Liab	- 0.93	Total Assets
Deferred Long Term Liab	- 0.92	Total Stockholder Equity