Sichuan Depreciation vs Net Income Analysis

600674 Stock

17.08 0.07 0.41%

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

Depreciation vs Net Income

Depreciation vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sichuan Chuantou Energy Depreciation account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Sichuan Chuantou's Depreciation and Net Income is 0.42. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of Sichuan Chuantou Energy, assuming nothing else is changed. The correlation between historical values of Sichuan Chuantou's Depreciation and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Sichuan Chuantou Energy are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Depreciation i.e., Sichuan Chuantou's Depreciation and Net Income go up and down completely randomly.

Correlation Coefficient

0.42

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Depreciation

Depreciation indicates how much of Sichuan Chuantou Energy value has been used up. For tax purposes Sichuan Chuantou can deduct the cost of the tangible assets it purchases as business expenses. However, Sichuan Chuantou Energy 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.

Net Income

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

Most indicators from Sichuan Chuantou's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sichuan Chuantou Energy 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 Sichuan Chuantou Energy. 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.

As of December 23, 2024, Selling General Administrative is expected to decline to about 63 M. In addition to that, Tax Provision is expected to decline to about 42.8 M

	2021	2022	2023	2024 (projected)
Income Before Tax	3.2B	3.6B	4.6B	4.8B
Cost Of Revenue	733.9M	873.5M	794.9M	508.0M

Income Before Tax Cost Of Revenue

Sichuan Chuantou 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	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		0.57	0.97	0.98	0.91	0.86	0.66	0.52	0.44	0.48	0.18	-0.38	0.95	0.9	0.85	0.89	0.79	0.69	0.9	0.91	0.32	0.84	0.8	0.75	0.77	0.88
Other Current Liab	0.57		0.57	0.51	0.44	0.31	0.37	0.13	0.1	0.34	0.1	-0.3	0.61	0.47	0.35	0.51	0.5	0.67	0.52	0.61	0.25	0.47	0.36	0.61	0.35	0.5
Total Current Liabilities	0.97	0.57		0.95	0.9	0.85	0.65	0.53	0.33	0.41	0.31	-0.3	0.93	0.88	0.78	0.85	0.73	0.7	0.93	0.92	0.3	0.89	0.85	0.78	0.82	0.9
Total Stockholder Equity	0.98	0.51	0.95		0.84	0.93	0.6	0.54	0.44	0.5	0.17	-0.34	0.86	0.82	0.92	0.8	0.66	0.69	0.88	0.82	0.15	0.87	0.83	0.75	0.82	0.81
Other Liab	0.91	0.44	0.9	0.84		0.72	0.7	0.35	0.38	0.3	0.35	-0.27	0.94	0.98	0.63	0.91	0.82	0.62	0.88	0.95	0.54	0.74	0.71	0.7	0.64	0.92
Retained Earnings	0.86	0.31	0.85	0.93	0.72		0.55	0.64	0.3	0.44	0.34	-0.22	0.69	0.68	0.88	0.59	0.49	0.73	0.83	0.67	-0.08	0.88	0.88	0.81	0.88	0.71
Accounts Payable	0.66	0.37	0.65	0.6	0.7	0.55		0.31	0.33	0.66	0.19	-0.33	0.71	0.73	0.4	0.68	0.69	0.47	0.82	0.72	0.4	0.66	0.48	0.58	0.55	0.85
Cash	0.52	0.13	0.53	0.54	0.35	0.64	0.31		-0.23	0.04	0.32	-0.27	0.44	0.33	0.42	0.4	0.41	0.48	0.49	0.37	-0.02	0.54	0.66	0.54	0.62	0.43
Other Assets	0.44	0.1	0.33	0.44	0.38	0.3	0.33	-0.23		0.63	-0.42	-0.39	0.41	0.41	0.57	0.44	0.39	0.0	0.25	0.38	0.31	0.12	0.0	0.04	-0.01	0.32
Net Receivables	0.48	0.34	0.41	0.5	0.3	0.44	0.66	0.04	0.63		-0.33	-0.27	0.4	0.38	0.55	0.34	0.32	0.2	0.51	0.37	-0.02	0.46	0.17	0.28	0.37	0.49
Inventory	0.18	0.1	0.31	0.17	0.35	0.34	0.19	0.32	-0.42	-0.33		0.08	0.17	0.29	-0.05	0.08	0.06	0.55	0.35	0.28	0.03	0.36	0.47	0.57	0.37	0.3
Other Current Assets	-0.38	-0.3	-0.3	-0.34	-0.27	-0.22	-0.33	-0.27	-0.39	-0.27	0.08		-0.43	-0.27	-0.3	-0.5	-0.54	-0.3	-0.23	-0.29	-0.27	-0.15	-0.05	-0.24	0.0	-0.26
Total Liab	0.95	0.61	0.93	0.86	0.94	0.69	0.71	0.44	0.41	0.4	0.17	-0.43		0.95	0.66	0.97	0.92	0.63	0.87	0.97	0.56	0.73	0.67	0.69	0.62	0.92
Intangible Assets	0.9	0.47	0.88	0.82	0.98	0.68	0.73	0.33	0.41	0.38	0.29	-0.27	0.95		0.59	0.92	0.86	0.57	0.87	0.96	0.6	0.7	0.63	0.67	0.6	0.93
Common Stock	0.85	0.35	0.78	0.92	0.63	0.88	0.4	0.42	0.57	0.55	-0.05	-0.3	0.66	0.59		0.6	0.44	0.55	0.7	0.59	-0.09	0.75	0.72	0.58	0.73	0.59
Property Plant Equipment	0.89	0.51	0.85	0.8	0.91	0.59	0.68	0.4	0.44	0.34	0.08	-0.5	0.97	0.92	0.6		0.95	0.52	0.78	0.92	0.63	0.61	0.56	0.57	0.5	0.86
Long Term Debt	0.79	0.5	0.73	0.66	0.82	0.49	0.69	0.41	0.39	0.32	0.06	-0.54	0.92	0.86	0.44	0.95		0.51	0.69	0.86	0.7	0.47	0.43	0.57	0.37	0.8
Short Term Investments	0.69	0.67	0.7	0.69	0.62	0.73	0.47	0.48	0.0	0.2	0.55	-0.3	0.63	0.57	0.55	0.52	0.51		0.71	0.63	0.01	0.72	0.75	0.97	0.69	0.6
Net Tangible Assets	0.9	0.52	0.93	0.88	0.88	0.83	0.82	0.49	0.25	0.51	0.35	-0.23	0.87	0.87	0.7	0.78	0.69	0.71		0.88	0.27	0.94	0.84	0.81	0.87	0.96
Other Stockholder Equity	0.91	0.61	0.92	0.82	0.95	0.67	0.72	0.37	0.38	0.37	0.28	-0.29	0.97	0.96	0.59	0.92	0.86	0.63	0.88		0.61	0.72	0.68	0.71	0.61	0.94
Deferred Long Term Liab	0.32	0.25	0.3	0.15	0.54	-0.08	0.4	-0.02	0.31	-0.02	0.03	-0.27	0.56	0.6	-0.09	0.63	0.7	0.01	0.27	0.61		-0.03	-0.04	0.06	-0.17	0.51
Long Term Investments	0.84	0.47	0.89	0.87	0.74	0.88	0.66	0.54	0.12	0.46	0.36	-0.15	0.73	0.7	0.75	0.61	0.47	0.72	0.94	0.72	-0.03		0.92	0.8	0.97	0.83
Short Long Term Debt	0.8	0.36	0.85	0.83	0.71	0.88	0.48	0.66	0.0	0.17	0.47	-0.05	0.67	0.63	0.72	0.56	0.43	0.75	0.84	0.68	-0.04	0.92		0.81	0.94	0.72
Total Current Assets	0.75	0.61	0.78	0.75	0.7	0.81	0.58	0.54	0.04	0.28	0.57	-0.24	0.69	0.67	0.58	0.57	0.57	0.97	0.81	0.71	0.06	0.8	0.81		0.78	0.72
Short Term Debt	0.77	0.35	0.82	0.82	0.64	0.88	0.55	0.62	-0.01	0.37	0.37	0.0	0.62	0.6	0.73	0.5	0.37	0.69	0.87	0.61	-0.17	0.97	0.94	0.78		0.73
Non Current Assets Total	0.88	0.5	0.9	0.81	0.92	0.71	0.85	0.43	0.32	0.49	0.3	-0.26	0.92	0.93	0.59	0.86	0.8	0.6	0.96	0.94	0.51	0.83	0.72	0.72	0.73

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Sichuan Chuantou Account Relationship Matchups

Sichuan Chuantou fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	37.5B	41.3B	48.5B	54.7B	60.4B	63.4B
Other Current Liab	1.3B	251.4M	166.5M	398.7M	1.0B	1.1B
Total Current Liabilities	5.6B	5.4B	7.8B	7.9B	9.0B	9.5B
Total Stockholder Equity	27.1B	28.8B	31.2B	33.8B	37.1B	38.9B
Other Liab	64.5M	579.2M	593.1M	655.7M	754.1M	791.8M
Retained Earnings	18.0B	19.6B	21.1B	22.8B	16.3B	17.1B
Accounts Payable	161.0M	176.1M	195.9M	242.3M	271.5M	149.7M
Cash	712.0M	604.0M	1.0B	841.9M	514.7M	489.3M
Other Assets	46.7M	92.3M	220.4M	431.5M	496.3M	521.1M
Net Receivables	540.7M	358.0M	333.1M	654.7M	740.3M	396.3M
Inventory	101.8M	132.6M	121.2M	101.1M	69.4M	84.7M
Other Current Assets	19.1M	24.3M	19.5M	7.8M	9.1M	8.7M
Total Liab	9.8B	11.6B	16.2B	19.5B	21.8B	22.8B
Intangible Assets	32.2M	285.5M	299.7M	502.7M	485.3M	509.6M
Property Plant Equipment	3.3B	6.2B	7.6B	8.8B	10.1B	10.7B
Long Term Debt	4.2B	5.6B	7.8B	10.8B	9.4B	9.9B
Short Term Investments	4.1B	3.2B	2.4B	2.1B	1.9B	2.2B
Net Tangible Assets	27.1B	28.5B	30.9B	33.3B	38.3B	28.3B
Other Stockholder Equity	695.7M	695.5M	1.7B	2.0B	2.3B	2.4B
Deferred Long Term Liab	233.2K	6.4M	21.1M	21.3M	24.5M	25.7M
Short Long Term Debt	3.2B	3.4B	4.8B	2.6B	3.3B	2.9B
Total Current Assets	5.4B	4.5B	4.1B	4.5B	3.4B	3.2B
Non Current Assets Total	32.0B	36.8B	44.4B	50.2B	57.0B	41.9B
Non Currrent Assets Other	68.8M	99.5M	142.3M	336.4M	380.8M	361.8M
Non Current Liabilities Total	4.2B	6.2B	8.4B	11.6B	12.7B	6.9B
Non Current Liabilities Other	2.6M	11.6M	29.8M	31.4M	31.8M	33.4M
Net Debt	6.6B	8.4B	11.6B	12.6B	12.2B	9.4B
Net Invested Capital	34.5B	37.8B	43.8B	47.2B	49.8B	42.4B
Net Working Capital	(142.2M)	(850.9M)	(3.7B)	(3.5B)	(5.6B)	(5.3B)

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Other Information on Investing in Sichuan Stock

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

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Sichuan Depreciation vs Net Income Analysis

Depreciation vs Net Income

Depreciation vs Net Income Correlation Analysis

Correlation Coefficient

Depreciation

Net Income

Sichuan Chuantou fundamental ratios Correlations

Sichuan Chuantou Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sichuan Chuantou fundamental ratios Accounts

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Other Information on Investing in Sichuan Stock

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Total Stockholder Equity	+ 0.98	Total Assets
Intangible Assets	+ 0.98	Other Liab
Total Current Liabilities	+ 0.97	Total Assets
Property Plant Equipment	+ 0.97	Total Liab
Other Stockholder Equity	+ 0.97	Total Liab
Total Current Assets	+ 0.97	Short Term Investments

Long Term Debt	- 0.54	Other Current Assets
Property Plant Equipment	- 0.5	Other Current Assets
Total Liab	- 0.43	Other Current Assets
Inventory	- 0.42	Other Assets
Other Current Assets	- 0.39	Other Assets
Other Current Assets	- 0.38	Total Assets