360 Change To Netincome vs Depreciation Analysis

601360 Stock

13.40 0.69 5.43%

360 Security financial indicator trend analysis is way more than just evaluating 360 Security Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 360 Security Technology is a good investment. Please check the relationship between 360 Security Change To Netincome and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 360 Security 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 nation.

Change To Netincome vs Depreciation

Change To Netincome vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 360 Security Technology Change To Netincome account and Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between 360 Security's Change To Netincome and Depreciation is -0.17. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Depreciation in the same time period over historical financial statements of 360 Security Technology, assuming nothing else is changed. The correlation between historical values of 360 Security's Change To Netincome and Depreciation 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 360 Security Technology are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change To Netincome i.e., 360 Security's Change To Netincome and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.17

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Change To Netincome

Depreciation

Depreciation indicates how much of 360 Security Technology value has been used up. For tax purposes 360 Security can deduct the cost of the tangible assets it purchases as business expenses. However, 360 Security Technology 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.

Most indicators from 360 Security's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 360 Security Technology 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 360 Security 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 nation.

The current year's Selling General Administrative is expected to grow to about 1.8 B. The current year's Tax Provision is expected to grow to about 485.9 M

	2021	2022	2023	2024 (projected)
Gross Profit	6.8B	5.6B	5.5B	5.6B
Total Revenue	10.9B	9.5B	9.1B	9.0B

Gross Profit Total Revenue

360 Security fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Good Will	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		0.0	0.67	1.0	0.53	0.96	0.97	0.85	0.99	0.55	0.57	0.93	0.51	0.79	0.7	0.97	0.88	-0.53	0.96	-0.3	0.94	0.88	0.83	0.99	-0.44	0.7
Other Current Liab	0.0		0.63	0.03	0.6	0.05	0.09	0.03	-0.05	0.69	0.55	-0.11	0.3	0.12	0.07	-0.15	0.29	0.16	0.07	0.23	-0.13	0.02	0.05	0.05	0.01	-0.21
Total Current Liabilities	0.67	0.63		0.68	0.92	0.72	0.72	0.63	0.67	0.92	0.79	0.59	0.45	0.5	0.42	0.57	0.82	-0.29	0.76	-0.34	0.55	0.66	0.74	0.66	-0.44	0.54
Total Stockholder Equity	1.0	0.03	0.68		0.55	0.97	0.98	0.86	0.99	0.56	0.6	0.92	0.51	0.79	0.71	0.96	0.89	-0.51	0.96	-0.29	0.93	0.89	0.83	0.99	-0.44	0.68
Other Liab	0.53	0.6	0.92	0.55		0.67	0.63	0.66	0.53	0.85	0.84	0.49	0.48	0.23	0.21	0.41	0.8	-0.32	0.69	-0.29	0.41	0.68	0.69	0.53	-0.6	0.53
Net Tangible Assets	0.96	0.05	0.72	0.97	0.67		0.97	0.93	0.96	0.59	0.68	0.9	0.51	0.66	0.64	0.91	0.95	-0.48	1.0	-0.29	0.88	0.96	0.83	0.94	-0.58	0.7
Retained Earnings	0.97	0.09	0.72	0.98	0.63	0.97		0.88	0.95	0.56	0.66	0.89	0.58	0.72	0.65	0.91	0.9	-0.52	0.98	-0.29	0.9	0.91	0.84	0.97	-0.47	0.67
Accounts Payable	0.85	0.03	0.63	0.86	0.66	0.93	0.88		0.84	0.58	0.81	0.73	0.44	0.57	0.64	0.74	0.93	-0.35	0.93	-0.29	0.7	0.99	0.73	0.85	-0.67	0.59
Cash	0.99	-0.05	0.67	0.99	0.53	0.96	0.95	0.84		0.54	0.54	0.93	0.4	0.74	0.7	0.97	0.87	-0.49	0.96	-0.33	0.93	0.87	0.83	0.95	-0.42	0.72
Other Assets	0.55	0.69	0.92	0.56	0.85	0.59	0.56	0.58	0.54		0.85	0.41	0.32	0.49	0.47	0.41	0.78	-0.1	0.62	-0.25	0.35	0.57	0.58	0.56	-0.36	0.39
Net Receivables	0.57	0.55	0.79	0.6	0.84	0.68	0.66	0.81	0.54	0.85		0.37	0.4	0.44	0.52	0.38	0.85	-0.08	0.71	-0.19	0.34	0.76	0.56	0.62	-0.5	0.33
Good Will	0.93	-0.11	0.59	0.92	0.49	0.9	0.89	0.73	0.93	0.41	0.37		0.59	0.62	0.43	0.97	0.77	-0.74	0.88	-0.35	0.97	0.79	0.88	0.9	-0.51	0.82
Short Term Investments	0.51	0.3	0.45	0.51	0.48	0.51	0.58	0.44	0.4	0.32	0.4	0.59		0.36	-0.03	0.48	0.48	-0.72	0.49	-0.15	0.57	0.48	0.61	0.59	-0.5	0.43
Other Current Assets	0.79	0.12	0.5	0.79	0.23	0.66	0.72	0.57	0.74	0.49	0.44	0.62	0.36		0.81	0.74	0.6	-0.24	0.67	-0.12	0.74	0.56	0.49	0.84	-0.22	0.32
Other Stockholder Equity	0.7	0.07	0.42	0.71	0.21	0.64	0.65	0.64	0.7	0.47	0.52	0.43	-0.03	0.81		0.6	0.64	0.19	0.65	0.02	0.52	0.61	0.28	0.69	-0.04	0.11
Total Liab	0.97	-0.15	0.57	0.96	0.41	0.91	0.91	0.74	0.97	0.41	0.38	0.97	0.48	0.74	0.6		0.77	-0.6	0.9	-0.35	0.97	0.79	0.83	0.93	-0.42	0.75
Long Term Investments	0.88	0.29	0.82	0.89	0.8	0.95	0.9	0.93	0.87	0.78	0.85	0.77	0.48	0.6	0.64	0.77		-0.34	0.94	-0.22	0.72	0.94	0.77	0.86	-0.58	0.59
Short Long Term Debt	-0.53	0.16	-0.29	-0.51	-0.32	-0.48	-0.52	-0.35	-0.49	-0.1	-0.08	-0.74	-0.72	-0.24	0.19	-0.6	-0.34		-0.47	0.37	-0.7	-0.39	-0.75	-0.55	0.49	-0.78
Total Current Assets	0.96	0.07	0.76	0.96	0.69	1.0	0.98	0.93	0.96	0.62	0.71	0.88	0.49	0.67	0.65	0.9	0.94	-0.47		-0.34	0.87	0.96	0.85	0.94	-0.57	0.71
Short Term Debt	-0.3	0.23	-0.34	-0.29	-0.29	-0.29	-0.29	-0.29	-0.33	-0.25	-0.19	-0.35	-0.15	-0.12	0.02	-0.35	-0.22	0.37	-0.34		-0.28	-0.28	-0.66	-0.28	0.3	-0.74
Intangible Assets	0.94	-0.13	0.55	0.93	0.41	0.88	0.9	0.7	0.93	0.35	0.34	0.97	0.57	0.74	0.52	0.97	0.72	-0.7	0.87	-0.28		0.75	0.82	0.93	-0.46	0.74
Common Stock	0.88	0.02	0.66	0.89	0.68	0.96	0.91	0.99	0.87	0.57	0.76	0.79	0.48	0.56	0.61	0.79	0.94	-0.39	0.96	-0.28	0.75		0.76	0.87	-0.68	0.63
Property Plant Equipment	0.83	0.05	0.74	0.83	0.69	0.83	0.84	0.73	0.83	0.58	0.56	0.88	0.61	0.49	0.28	0.83	0.77	-0.75	0.85	-0.66	0.82	0.76		0.82	-0.55	0.94
Non Current Assets Total	0.99	0.05	0.66	0.99	0.53	0.94	0.97	0.85	0.95	0.56	0.62	0.9	0.59	0.84	0.69	0.93	0.86	-0.55	0.94	-0.28	0.93	0.87	0.82		-0.46	0.66
Non Currrent Assets Other	-0.44	0.01	-0.44	-0.44	-0.6	-0.58	-0.47	-0.67	-0.42	-0.36	-0.5	-0.51	-0.5	-0.22	-0.04	-0.42	-0.58	0.49	-0.57	0.3	-0.46	-0.68	-0.55	-0.46		-0.55
Non Current Liabilities Total	0.7	-0.21	0.54	0.68	0.53	0.7	0.67	0.59	0.72	0.39	0.33	0.82	0.43	0.32	0.11	0.75	0.59	-0.78	0.71	-0.74	0.74	0.63	0.94	0.66	-0.55

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360 Security Account Relationship Matchups

360 Security fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	33.8B	44.3B	42.0B	38.6B	40.2B	29.0B
Other Current Liab	1.6B	1.9B	3.3B	231.6M	210.9M	200.3M
Total Current Liabilities	4.9B	7.2B	6.5B	5.7B	6.9B	6.2B
Total Stockholder Equity	28.7B	36.8B	35.0B	31.7B	31.9B	23.6B
Other Liab	185.9M	206.0M	266.6M	327.3M	376.4M	288.3M
Net Tangible Assets	22.6B	27.3B	34.5B	32.0B	36.8B	21.3B
Retained Earnings	13.9B	16.5B	17.6B	13.3B	14.1B	11.1B
Accounts Payable	2.3B	2.1B	2.1B	2.2B	2.2B	1.9B
Cash	19.5B	26.6B	19.2B	22.8B	26.1B	16.0B
Other Assets	740.8M	494.5M	557.9M	490.1M	563.6M	575.6M
Net Receivables	2.6B	2.0B	2.2B	1.8B	1.5B	2.2B
Good Will	1.1B	1.7B	2.3B	2.3B	2.7B	1.4B
Short Term Investments	130.5M	22.6M	2.6B	504.0M	733.7M	619.9M
Other Current Assets	435.1M	634.4M	548.8M	437.0M	367.3M	477.4M
Other Stockholder Equity	2.1B	2.1B	2.8B	435.1M	500.3M	475.3M
Total Liab	5.1B	7.5B	7.1B	6.9B	8.3B	5.4B
Total Current Assets	22.9B	30.4B	26.0B	26.4B	29.5B	21.3B
Intangible Assets	334.0M	631.5M	673.5M	636.1M	594.6M	429.1M
Property Plant Equipment	719.5M	1.1B	1.1B	1.8B	2.1B	2.2B
Non Current Assets Total	10.8B	13.8B	16.0B	12.2B	10.7B	10.5B
Non Currrent Assets Other	1.2B	580.7M	269.1M	220.4M	289.3M	372.9M
Non Current Liabilities Total	206.0M	266.6M	621.8M	1.3B	1.4B	1.4B
Inventory	278.1M	406.6M	675.3M	538.2M	364.0M	348.9M
Deferred Long Term Liab	191.9M	148.1M	265.3M	192.0M	172.8M	215.6M
Net Invested Capital	28.7B	38.8B	35.0B	31.7B	33.1B	30.3B
Net Working Capital	18.1B	23.2B	19.6B	20.7B	22.5B	18.6B

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Other Information on Investing in 360 Stock

Balance Sheet is a snapshot of the financial position of 360 Security Technology at a specified time, usually calculated after every quarter, six months, or one year. 360 Security Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of 360 Security 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 360 currently owns. An asset can also be divided into two categories, current and non-current.

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360 Change To Netincome vs Depreciation Analysis

Change To Netincome vs Depreciation

Change To Netincome vs Depreciation Correlation Analysis

Correlation Coefficient

Change To Netincome

Depreciation

360 Security fundamental ratios Correlations

360 Security Account Relationship Matchups

High Positive Relationship

High Negative Relationship

360 Security fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in 360 Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Net Tangible Assets
Cash	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Cash	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Total Stockholder Equity

Non Current Liabilities Total	- 0.78	Short Long Term Debt
Property Plant Equipment	- 0.75	Short Long Term Debt
Non Current Liabilities Total	- 0.74	Short Term Debt
Short Long Term Debt	- 0.74	Good Will
Short Long Term Debt	- 0.72	Short Term Investments
Intangible Assets	- 0.7	Short Long Term Debt