Shenzhen Change To Netincome vs Free Cash Flow Analysis

002869 Stock

29.22 1.23 4.04%

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

Change To Netincome vs Free Cash Flow

Change To Netincome vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Genvict Tec Change To Netincome account and Free Cash Flow. At this time, the significance of the direction appears to have no relationship.

The correlation between Shenzhen Genvict's Change To Netincome and Free Cash Flow is 0.06. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Shenzhen Genvict Technologies, assuming nothing else is changed. The correlation between historical values of Shenzhen Genvict's Change To Netincome and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Shenzhen Genvict Technologies are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Netincome i.e., Shenzhen Genvict's Change To Netincome and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.06

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Change To Netincome

Free Cash Flow

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

Most indicators from Shenzhen Genvict's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Genvict Tec 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 Genvict Technologies. 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 135.6 M, whereas Tax Provision is projected to grow to (6.9 M).

	2021	2022	2023	2024 (projected)
Interest Income	21.9M	20.7M	28.3M	17.6M
Net Interest Income	20.0M	17.8M	25.2M	17.3M

Interest Income Net Interest Income

Shenzhen Genvict fundamental ratios Correlations

	Other Liab	Net Tangible Assets	Retained Earnings	Other Assets	Deferred Long Term Liab	Common Stock	Property Plant Equipment	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Non Current Liabilities Other	Intangible Assets	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital
Other Liab		0.69	0.72	0.7	-0.24	0.82	0.58	0.45	-0.37	-0.29	0.69	-0.32	0.3	0.79	-0.25	0.0	0.98	-0.2	-0.3	-0.22	0.3	0.89	0.29	0.49	0.78	0.73
Net Tangible Assets	0.69		0.97	0.82	0.27	0.95	0.95	0.92	0.13	0.28	0.99	0.29	0.82	0.92	-0.33	0.62	0.79	0.36	0.23	0.36	0.85	0.88	-0.01	0.57	0.96	0.9
Retained Earnings	0.72	0.97		0.82	0.22	0.92	0.91	0.92	0.18	0.33	0.98	0.33	0.86	0.91	-0.36	0.64	0.78	0.41	0.09	0.4	0.86	0.9	-0.08	0.54	0.98	0.96
Other Assets	0.7	0.82	0.82		-0.06	0.86	0.74	0.75	-0.09	0.12	0.84	0.1	0.6	0.85	-0.26	0.43	0.81	0.11	0.08	0.23	0.66	0.77	0.08	0.81	0.88	0.79
Deferred Long Term Liab	-0.24	0.27	0.22	-0.06		0.09	0.52	0.4	0.49	0.5	0.27	0.56	0.41	0.22	0.42	0.59	-0.18	0.58	0.83	0.47	0.43	0.03	-0.12	-0.16	0.14	0.1
Common Stock	0.82	0.95	0.92	0.86	0.09		0.87	0.77	-0.15	0.02	0.94	0.02	0.64	0.91	-0.27	0.38	0.89	0.08	0.13	0.1	0.67	0.93	0.02	0.66	0.93	0.85
Property Plant Equipment	0.58	0.95	0.91	0.74	0.52	0.87		0.89	0.17	0.31	0.95	0.33	0.79	0.91	-0.09	0.66	0.69	0.41	0.46	0.38	0.81	0.81	0.06	0.48	0.89	0.81
Total Assets	0.45	0.92	0.92	0.75	0.4	0.77	0.89		0.48	0.62	0.93	0.62	0.96	0.82	-0.4	0.87	0.56	0.68	0.27	0.69	0.98	0.68	-0.08	0.5	0.89	0.86
Other Current Liab	-0.37	0.13	0.18	-0.09	0.49	-0.15	0.17	0.48		0.96	0.13	0.96	0.59	0.02	-0.28	0.8	-0.32	0.94	0.19	0.93	0.59	-0.22	-0.2	-0.16	0.09	0.14
Total Current Liabilities	-0.29	0.28	0.33	0.12	0.5	0.02	0.31	0.62	0.96		0.29	1.0	0.71	0.14	-0.32	0.9	-0.22	0.96	0.26	0.99	0.73	-0.09	-0.27	0.07	0.25	0.29
Total Stockholder Equity	0.69	0.99	0.98	0.84	0.27	0.94	0.95	0.93	0.13	0.29		0.29	0.84	0.93	-0.33	0.64	0.78	0.37	0.22	0.37	0.85	0.88	0.01	0.56	0.97	0.91
Accounts Payable	-0.32	0.29	0.33	0.1	0.56	0.02	0.33	0.62	0.96	1.0	0.29		0.72	0.13	-0.29	0.91	-0.24	0.97	0.32	0.98	0.74	-0.08	-0.29	0.06	0.24	0.29
Cash	0.3	0.82	0.86	0.6	0.41	0.64	0.79	0.96	0.59	0.71	0.84	0.72		0.66	-0.5	0.92	0.39	0.79	0.2	0.77	0.99	0.59	-0.19	0.39	0.8	0.84
Non Current Assets Total	0.79	0.92	0.91	0.85	0.22	0.91	0.91	0.82	0.02	0.14	0.93	0.13	0.66		-0.15	0.48	0.88	0.21	0.19	0.22	0.69	0.86	0.22	0.49	0.93	0.81
Non Currrent Assets Other	-0.25	-0.33	-0.36	-0.26	0.42	-0.27	-0.09	-0.4	-0.28	-0.32	-0.33	-0.29	-0.5	-0.15		-0.34	-0.25	-0.35	0.54	-0.36	-0.45	-0.27	-0.05	-0.35	-0.36	-0.5
Net Receivables	0.0	0.62	0.64	0.43	0.59	0.38	0.66	0.87	0.8	0.9	0.64	0.91	0.92	0.48	-0.34		0.11	0.93	0.39	0.93	0.93	0.28	-0.18	0.29	0.58	0.6
Non Current Liabilities Total	0.98	0.79	0.78	0.81	-0.18	0.89	0.69	0.56	-0.32	-0.22	0.78	-0.24	0.39	0.88	-0.25	0.11		-0.14	-0.17	-0.13	0.41	0.91	0.32	0.58	0.85	0.76
Inventory	-0.2	0.36	0.41	0.11	0.58	0.08	0.41	0.68	0.94	0.96	0.37	0.97	0.79	0.21	-0.35	0.93	-0.14		0.25	0.96	0.77	0.04	-0.18	0.03	0.34	0.41
Other Current Assets	-0.3	0.23	0.09	0.08	0.83	0.13	0.46	0.27	0.19	0.26	0.22	0.32	0.2	0.19	0.54	0.39	-0.17	0.25		0.26	0.28	-0.06	-0.09	0.05	0.04	-0.09
Total Liab	-0.22	0.36	0.4	0.23	0.47	0.1	0.38	0.69	0.93	0.99	0.37	0.98	0.77	0.22	-0.36	0.93	-0.13	0.96	0.26		0.79	0.0	-0.23	0.17	0.34	0.38
Total Current Assets	0.3	0.85	0.86	0.66	0.43	0.67	0.81	0.98	0.59	0.73	0.85	0.74	0.99	0.69	-0.45	0.93	0.41	0.77	0.28	0.79		0.57	-0.18	0.47	0.81	0.81
Non Current Liabilities Other	0.89	0.88	0.9	0.77	0.03	0.93	0.81	0.68	-0.22	-0.09	0.88	-0.08	0.59	0.86	-0.27	0.28	0.91	0.04	-0.06	0.0	0.57		0.05	0.55	0.92	0.91
Intangible Assets	0.29	-0.01	-0.08	0.08	-0.12	0.02	0.06	-0.08	-0.2	-0.27	0.01	-0.29	-0.19	0.22	-0.05	-0.18	0.32	-0.18	-0.09	-0.23	-0.18	0.05		0.09	0.05	-0.04
Common Stock Shares Outstanding	0.49	0.57	0.54	0.81	-0.16	0.66	0.48	0.5	-0.16	0.07	0.56	0.06	0.39	0.49	-0.35	0.29	0.58	0.03	0.05	0.17	0.47	0.55	0.09		0.61	0.6
Net Invested Capital	0.78	0.96	0.98	0.88	0.14	0.93	0.89	0.89	0.09	0.25	0.97	0.24	0.8	0.93	-0.36	0.58	0.85	0.34	0.04	0.34	0.81	0.92	0.05	0.61		0.97
Net Working Capital	0.73	0.9	0.96	0.79	0.1	0.85	0.81	0.86	0.14	0.29	0.91	0.29	0.84	0.81	-0.5	0.6	0.76	0.41	-0.09	0.38	0.81	0.91	-0.04	0.6	0.97

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Shenzhen Genvict Account Relationship Matchups

Shenzhen Genvict fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Liab	11.9M	64.7M	85.7M	65.4M	75.3M	42.5M
Net Tangible Assets	1.9B	2.3B	2.2B	2.0B	2.3B	1.5B
Retained Earnings	1.1B	1.5B	1.2B	1.3B	1.2B	890.0M
Other Assets	86.0M	86.0M	140.3M	176.0M	202.4M	212.5M
Deferred Long Term Liab	19.7M	14.8M	10.8M	5.1M	5.9M	5.6M
Common Stock	120.5M	180.6M	180.1M	179.6M	206.5M	147.5M
Property Plant Equipment	296.9M	353.7M	354.1M	255.6M	294.0M	244.4M
Total Assets	3.9B	2.9B	2.7B	2.6B	2.7B	2.5B
Other Current Liab	782.9M	98.9M	91.7M	81.5M	23.5M	22.3M
Total Current Liabilities	2.0B	463.3M	283.5M	453.2M	489.2M	483.2M
Total Stockholder Equity	1.9B	2.4B	2.3B	2.1B	2.1B	1.8B
Accounts Payable	1.0B	275.7M	131.4M	208.7M	239.7M	248.3M
Cash	1.9B	1.5B	875.3M	969.6M	963.6M	1.0B
Non Current Assets Total	480.7M	590.7M	960.4M	725.1M	629.0M	552.1M
Non Currrent Assets Other	45.4M	82.9M	121.4M	155.4M	57.6M	94.3M
Net Receivables	863.9M	448.0M	335.3M	328.3M	358.1M	428.5M
Non Current Liabilities Total	11.9M	64.7M	102.9M	74.2M	88.9M	54.1M
Inventory	623.0M	258.1M	149.3M	100.8M	122.6M	159.6M
Other Current Assets	89.0M	28.0M	36.6M	11.3M	36.2M	44.6M
Total Liab	2.0B	528.1M	386.4M	527.4M	578.1M	718.3M
Total Current Assets	3.5B	2.3B	1.7B	1.9B	2.1B	2.0B
Non Current Liabilities Other	3.6M	54.0M	38.8M	34.8M	40.9M	23.8M
Intangible Assets	34.2M	33.7M	47.7M	30.2M	36.5M	40.0M
Common Stock Shares Outstanding	180.8M	180.6M	180.1M	179.6M	206.5M	197.1M
Net Invested Capital	1.9B	2.4B	2.3B	2.2B	2.3B	2.0B
Net Working Capital	1.4B	1.8B	1.4B	1.4B	1.6B	1.5B
Capital Stock	120.5M	180.6M	180.1M	179.6M	206.5M	175.7M

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Other Information on Investing in Shenzhen Stock

Balance Sheet is a snapshot of the financial position of Shenzhen Genvict Tec at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Genvict Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Genvict 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 Change To Netincome vs Free Cash Flow Analysis

Change To Netincome vs Free Cash Flow

Change To Netincome vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Change To Netincome

Free Cash Flow

Shenzhen Genvict fundamental ratios Correlations

Shenzhen Genvict Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen Genvict fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.99	Net Tangible Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Cash
Non Current Liabilities Total	+ 0.98	Other Liab
Total Stockholder Equity	+ 0.98	Retained Earnings

Net Working Capital	- 0.5	Non Currrent Assets Other
Non Currrent Assets Other	- 0.5	Cash
Total Current Assets	- 0.45	Non Currrent Assets Other
Non Currrent Assets Other	- 0.4	Total Assets
Other Current Liab	- 0.37	Other Liab
Net Invested Capital	- 0.36	Non Currrent Assets Other