Shenzhen Free Cash Flow vs Capital Expenditures Analysis

002813 Stock

25.96 0.39 1.53%

Shenzhen RoadRover financial indicator trend analysis is much more than just breaking down Shenzhen RoadRover prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen RoadRover is a good investment. Please check the relationship between Shenzhen RoadRover 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 Shenzhen RoadRover Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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 Shenzhen RoadRover Free Cash Flow account and Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Shenzhen RoadRover's Free Cash Flow and Capital Expenditures is -0.36. 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 Shenzhen RoadRover Technology, assuming nothing else is changed. The correlation between historical values of Shenzhen RoadRover'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 Shenzhen RoadRover Technology 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., Shenzhen RoadRover's Free Cash Flow and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.36

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

Most indicators from Shenzhen RoadRover's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen RoadRover 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 Shenzhen RoadRover Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

The current year's Tax Provision is expected to grow to about 14.9 M, whereas Selling General Administrative is forecasted to decline to about 30.4 M.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	308.5M	273.9M	220.2M	408.3M
Research Development	17.4M	15.1M	30.9M	33.3M

Cost Of Revenue Research Development

Shenzhen RoadRover 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	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other
Total Assets		-0.3	0.94	0.83	0.45	0.67	0.89	0.62	0.52	0.87	0.87	0.79	0.94	0.74	0.43	0.55	0.06	-0.05	0.75	-0.01	0.77	0.88	0.89	0.2	0.33	0.66
Other Current Liab	-0.3		-0.08	-0.6	0.02	0.15	-0.1	0.19	-0.42	-0.18	0.04	0.09	-0.06	0.04	-0.78	-0.42	0.8	-0.53	-0.08	-0.4	0.02	-0.22	-0.05	-0.65	0.53	0.28
Total Current Liabilities	0.94	-0.08		0.61	0.35	0.63	0.96	0.63	0.45	0.92	0.91	0.81	0.99	0.68	0.22	0.35	0.32	-0.19	0.66	-0.04	0.86	0.92	0.94	0.14	0.44	0.73
Total Stockholder Equity	0.83	-0.6	0.61		0.41	0.6	0.54	0.41	0.48	0.63	0.6	0.53	0.6	0.6	0.65	0.64	-0.4	0.25	0.76	0.03	0.48	0.66	0.62	0.35	0.04	0.42
Other Liab	0.45	0.02	0.35	0.41		0.62	0.43	0.62	-0.03	0.12	0.44	0.7	0.43	0.82	0.21	0.71	0.21	-0.46	0.35	-0.49	0.05	0.06	0.2	-0.45	0.58	0.41
Retained Earnings	0.67	0.15	0.63	0.6	0.62		0.55	0.81	0.09	0.47	0.82	0.69	0.64	0.82	-0.11	0.44	0.34	-0.4	0.86	-0.5	0.49	0.51	0.65	-0.36	0.75	0.86
Accounts Payable	0.89	-0.1	0.96	0.54	0.43	0.55		0.6	0.31	0.85	0.86	0.77	0.97	0.65	0.23	0.45	0.31	-0.24	0.54	-0.04	0.74	0.82	0.86	0.08	0.45	0.61
Cash	0.62	0.19	0.63	0.41	0.62	0.81	0.6		0.11	0.35	0.82	0.7	0.65	0.87	-0.18	0.34	0.54	-0.49	0.68	-0.45	0.35	0.46	0.66	-0.53	0.88	0.88
Other Assets	0.52	-0.42	0.45	0.48	-0.03	0.09	0.31	0.11		0.42	0.34	0.41	0.45	0.22	0.51	-0.03	-0.18	0.31	0.31	0.08	0.4	0.54	0.38	0.54	-0.16	0.26
Net Receivables	0.87	-0.18	0.92	0.63	0.12	0.47	0.85	0.35	0.42		0.76	0.65	0.88	0.46	0.34	0.25	0.11	0.03	0.64	0.13	0.94	0.95	0.91	0.38	0.15	0.53
Inventory	0.87	0.04	0.91	0.6	0.44	0.82	0.86	0.82	0.34	0.76		0.8	0.9	0.8	0.03	0.3	0.44	-0.35	0.83	-0.27	0.74	0.84	0.92	-0.11	0.68	0.91
Other Current Assets	0.79	0.09	0.81	0.53	0.7	0.69	0.77	0.7	0.41	0.65	0.8		0.84	0.89	0.23	0.37	0.43	-0.39	0.61	-0.3	0.67	0.64	0.71	-0.13	0.57	0.74
Total Liab	0.94	-0.06	0.99	0.6	0.43	0.64	0.97	0.65	0.45	0.88	0.9	0.84		0.71	0.23	0.41	0.33	-0.22	0.63	-0.06	0.83	0.87	0.91	0.08	0.46	0.71
Intangible Assets	0.74	0.04	0.68	0.6	0.82	0.82	0.65	0.87	0.22	0.46	0.8	0.89	0.71		0.17	0.54	0.37	-0.41	0.7	-0.38	0.45	0.5	0.63	-0.34	0.71	0.79
Common Stock	0.43	-0.78	0.22	0.65	0.21	-0.11	0.23	-0.18	0.51	0.34	0.03	0.23	0.23	0.17		0.47	-0.69	0.6	0.1	0.36	0.14	0.3	0.11	0.71	-0.53	-0.23
Property Plant Equipment	0.55	-0.42	0.35	0.64	0.71	0.44	0.45	0.34	-0.03	0.25	0.3	0.37	0.41	0.54	0.47		-0.3	-0.04	0.26	0.02	0.06	0.15	0.22	-0.06	0.13	0.09
Long Term Debt	0.06	0.8	0.32	-0.4	0.21	0.34	0.31	0.54	-0.18	0.11	0.44	0.43	0.33	0.37	-0.69	-0.3		-0.79	0.14	-0.38	0.3	0.13	0.33	-0.68	0.8	0.6
Short Term Investments	-0.05	-0.53	-0.19	0.25	-0.46	-0.4	-0.24	-0.49	0.31	0.03	-0.35	-0.39	-0.22	-0.41	0.6	-0.04	-0.79		-0.13	0.49	-0.14	0.04	-0.19	0.76	-0.77	-0.47
Net Tangible Assets	0.75	-0.08	0.66	0.76	0.35	0.86	0.54	0.68	0.31	0.64	0.83	0.61	0.63	0.7	0.1	0.26	0.14	-0.13		-0.29	0.62	0.72	0.79	-0.04	0.51	0.8
Other Stockholder Equity	-0.01	-0.4	-0.04	0.03	-0.49	-0.5	-0.04	-0.45	0.08	0.13	-0.27	-0.3	-0.06	-0.38	0.36	0.02	-0.38	0.49	-0.29		0.09	0.09	-0.01	0.47	-0.62	-0.49
Deferred Long Term Liab	0.77	0.02	0.86	0.48	0.05	0.49	0.74	0.35	0.4	0.94	0.74	0.67	0.83	0.45	0.14	0.06	0.3	-0.14	0.62	0.09		0.92	0.89	0.27	0.23	0.62
Short Long Term Debt	0.88	-0.22	0.92	0.66	0.06	0.51	0.82	0.46	0.54	0.95	0.84	0.64	0.87	0.5	0.3	0.15	0.13	0.04	0.72	0.09	0.92		0.94	0.39	0.21	0.66
Total Current Assets	0.89	-0.05	0.94	0.62	0.2	0.65	0.86	0.66	0.38	0.91	0.92	0.71	0.91	0.63	0.11	0.22	0.33	-0.19	0.79	-0.01	0.89	0.94		0.08	0.46	0.78
Short Term Debt	0.2	-0.65	0.14	0.35	-0.45	-0.36	0.08	-0.53	0.54	0.38	-0.11	-0.13	0.08	-0.34	0.71	-0.06	-0.68	0.76	-0.04	0.47	0.27	0.39	0.08		-0.77	-0.32
Non Current Assets Total	0.33	0.53	0.44	0.04	0.58	0.75	0.45	0.88	-0.16	0.15	0.68	0.57	0.46	0.71	-0.53	0.13	0.8	-0.77	0.51	-0.62	0.23	0.21	0.46	-0.77		0.82
Non Currrent Assets Other	0.66	0.28	0.73	0.42	0.41	0.86	0.61	0.88	0.26	0.53	0.91	0.74	0.71	0.79	-0.23	0.09	0.6	-0.47	0.8	-0.49	0.62	0.66	0.78	-0.32	0.82

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Shenzhen RoadRover Account Relationship Matchups

Shenzhen RoadRover fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	540.5M	589.3M	551.3M	511.4M	705.3M
Other Current Liab	59.7M	37.5M	71.5M	68.5M	23.3M	22.2M
Total Current Liabilities	738.8M	130.7M	174.5M	144.5M	133.3M	126.6M
Total Stockholder Equity	305.8M	382.7M	387.6M	392.0M	364.7M	460.6M
Other Liab	13.2M	18.5M	15.5M	5.7M	5.2M	4.9M
Retained Earnings	(21.3M)	57.9M	63.1M	66.4M	(5.7M)	(5.4M)
Accounts Payable	420.3M	74.0M	71.7M	48.8M	45.8M	43.5M
Cash	99.3M	39.9M	79.4M	77.4M	61.2M	108.1M
Other Assets	186.0M	96.2M	129.4M	122.4M	140.8M	122.1M
Net Receivables	450.8M	64.5M	134.2M	49.2M	44.6M	42.4M
Inventory	179.6M	63.5M	38.4M	45.6M	52.1M	49.5M
Other Current Assets	13.5M	10.0M	7.4M	8.1M	4.3M	4.1M
Total Liab	799.6M	158.6M	202.5M	160.3M	147.6M	140.2M
Intangible Assets	4.5M	98.4K	1.3M	1.1M	1.3M	1.2M
Property Plant Equipment	236.4M	163.1M	164.3M	144.8M	166.5M	236.6M
Net Tangible Assets	668.4M	305.3M	382.6M	386.3M	347.7M	392.2M
Other Stockholder Equity	871.1K	6.4K	(349.1K)	753.7K	866.7K	910.0K
Deferred Long Term Liab	24.9M	8.5M	4.4M	3.3M	2.9M	2.8M
Short Long Term Debt	244.6M	5.0M	10.0M	10.0M	19.8M	18.8M
Total Current Assets	763.2M	243.7M	299.7M	285.1M	252.8M	480.7M
Non Current Assets Total	340.8M	296.8M	289.7M	266.2M	258.5M	285.8M
Non Currrent Assets Other	1.0M	624.0K	1.2M	600K	229K	217.6K
Non Current Liabilities Total	60.8M	27.8M	28.1M	15.8M	14.3M	24.4M
Non Current Liabilities Other	1.1M	5.8M	7.8M	3.5M	2.1M	2.0M
Net Invested Capital	597.9M	397.1M	397.6M	402.0M	384.5M	509.6M
Net Working Capital	24.4M	113.0M	125.2M	140.7M	119.6M	111.2M

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Other Information on Investing in Shenzhen Stock

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

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Shenzhen 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

Shenzhen RoadRover fundamental ratios Correlations

Shenzhen RoadRover Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen RoadRover fundamental ratios Accounts

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Other Information on Investing in Shenzhen Stock

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Total Liab	+ 0.99	Total Current Liabilities
Total Liab	+ 0.97	Accounts Payable
Accounts Payable	+ 0.96	Total Current Liabilities
Short Long Term Debt	+ 0.95	Net Receivables
Total Current Liabilities	+ 0.94	Total Assets
Total Liab	+ 0.94	Total Assets

Short Term Investments	- 0.79	Long Term Debt
Common Stock	- 0.78	Other Current Liab
Non Current Assets Total	- 0.77	Short Term Debt
Non Current Assets Total	- 0.77	Short Term Investments
Long Term Debt	- 0.69	Common Stock
Short Term Debt	- 0.68	Long Term Debt