Sichuan Net Income vs Depreciation Analysis

603077 Stock

2.04 0.01 0.49%

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

Net Income vs Depreciation Correlation Analysis

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

The correlation between Sichuan Hebang's Net Income and Depreciation is 0.64. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of Sichuan Hebang Biotechnology, assuming nothing else is changed. The correlation between historical values of Sichuan Hebang's Net Income 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 Net Income of Sichuan Hebang Biotechnology 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 Net Income i.e., Sichuan Hebang's Net Income and Depreciation go up and down completely randomly.

Correlation Coefficient

0.64

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Income

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

Depreciation

Depreciation indicates how much of Sichuan Hebang Biote value has been used up. For tax purposes Sichuan Hebang can deduct the cost of the tangible assets it purchases as business expenses. However, Sichuan Hebang Biotechnology 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 Sichuan Hebang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sichuan Hebang Biote 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 Hebang Biotechnology. 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 234 M, whereas Tax Provision is forecasted to decline to about 250.8 M.

	2021	2022	2023	2024 (projected)
Operating Income	3.7B	4.5B	1.5B	1.1B
Total Revenue	9.9B	13.0B	8.8B	5.1B

Operating Income Total Revenue

Sichuan Hebang fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	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		0.32	0.71	0.89	0.65	0.79	0.84	0.73	0.31	-0.73	0.47	0.62	0.2	0.56	0.59	0.83	0.98	0.86	0.94	0.36	0.67	0.78	0.75	0.87	0.79	0.85
Other Current Liab	0.32		0.37	0.14	-0.04	0.14	0.15	0.17	0.09	-0.31	-0.19	-0.25	0.36	0.29	0.75	0.11	0.31	0.18	0.17	-0.15	-0.08	0.07	0.2	0.15	0.17	0.31
Total Current Liabilities	0.71	0.37		0.56	0.48	0.59	0.72	0.46	0.3	-0.42	0.11	0.44	0.2	0.95	0.64	0.48	0.75	0.67	0.53	-0.12	0.51	0.27	0.54	0.55	0.58	0.65
Total Stockholder Equity	0.89	0.14	0.56		0.81	0.91	0.94	0.82	0.26	-0.73	0.47	0.82	0.08	0.41	0.5	0.91	0.86	0.86	0.9	0.38	0.82	0.83	0.76	0.83	0.89	0.86
Other Liab	0.65	-0.04	0.48	0.81		0.96	0.89	0.9	-0.08	-0.29	0.16	0.92	0.03	0.49	0.28	0.56	0.58	0.63	0.77	0.22	0.98	0.44	0.43	0.86	0.69	0.84
Retained Earnings	0.79	0.14	0.59	0.91	0.96		0.96	0.92	0.03	-0.49	0.22	0.89	0.09	0.53	0.44	0.71	0.73	0.77	0.85	0.21	0.95	0.58	0.6	0.89	0.82	0.93
Accounts Payable	0.84	0.15	0.72	0.94	0.89	0.96		0.84	0.17	-0.55	0.29	0.86	0.05	0.65	0.52	0.79	0.82	0.83	0.85	0.23	0.91	0.65	0.7	0.85	0.86	0.9
Cash	0.73	0.17	0.46	0.82	0.9	0.92	0.84		-0.14	-0.46	0.14	0.74	0.23	0.4	0.4	0.62	0.63	0.61	0.81	0.27	0.87	0.5	0.52	0.89	0.7	0.87
Other Assets	0.31	0.09	0.3	0.26	-0.08	0.03	0.17	-0.14		-0.19	0.49	0.06	-0.13	0.25	0.3	0.29	0.3	0.23	0.08	0.23	-0.08	0.29	0.07	-0.04	0.03	-0.09
Long Term Debt	-0.73	-0.31	-0.42	-0.73	-0.29	-0.49	-0.55	-0.46	-0.19		-0.44	-0.36	-0.27	-0.13	-0.44	-0.87	-0.77	-0.77	-0.66	-0.22	-0.34	-0.8	-0.86	-0.46	-0.8	-0.63
Net Receivables	0.47	-0.19	0.11	0.47	0.16	0.22	0.29	0.14	0.49	-0.44		0.34	0.03	-0.02	0.18	0.55	0.44	0.37	0.41	0.8	0.16	0.68	0.27	0.29	0.24	0.14
Inventory	0.62	-0.25	0.44	0.82	0.92	0.89	0.86	0.74	0.06	-0.36	0.34		-0.13	0.42	0.19	0.65	0.58	0.66	0.72	0.27	0.92	0.54	0.46	0.74	0.71	0.74
Other Current Assets	0.2	0.36	0.2	0.08	0.03	0.09	0.05	0.23	-0.13	-0.27	0.03	-0.13		0.12	0.34	0.01	0.16	-0.03	0.12	-0.12	0.0	-0.07	0.11	0.18	0.06	0.15
Total Liab	0.56	0.29	0.95	0.41	0.49	0.53	0.65	0.4	0.25	-0.13	-0.02	0.42	0.12		0.56	0.26	0.58	0.5	0.39	-0.18	0.5	0.05	0.32	0.49	0.4	0.54
Intangible Assets	0.59	0.75	0.64	0.5	0.28	0.44	0.52	0.4	0.3	-0.44	0.18	0.19	0.34	0.56		0.4	0.57	0.36	0.4	0.12	0.25	0.33	0.37	0.39	0.39	0.46
Common Stock	0.83	0.11	0.48	0.91	0.56	0.71	0.79	0.62	0.29	-0.87	0.55	0.65	0.01	0.26	0.4		0.85	0.85	0.81	0.43	0.6	0.93	0.85	0.64	0.88	0.73
Property Plant Equipment	0.98	0.31	0.75	0.86	0.58	0.73	0.82	0.63	0.3	-0.77	0.44	0.58	0.16	0.58	0.57	0.85		0.89	0.91	0.29	0.61	0.78	0.8	0.81	0.82	0.83
Good Will	0.86	0.18	0.67	0.86	0.63	0.77	0.83	0.61	0.23	-0.77	0.37	0.66	-0.03	0.5	0.36	0.85	0.89		0.83	0.14	0.71	0.75	0.89	0.72	0.93	0.87
Net Tangible Assets	0.94	0.17	0.53	0.9	0.77	0.85	0.85	0.81	0.08	-0.66	0.41	0.72	0.12	0.39	0.4	0.81	0.91	0.83		0.41	0.78	0.8	0.72	0.95	0.82	0.9
Other Stockholder Equity	0.36	-0.15	-0.12	0.38	0.22	0.21	0.23	0.27	0.23	-0.22	0.8	0.27	-0.12	-0.18	0.12	0.43	0.29	0.14	0.41		0.15	0.64	0.04	0.36	0.07	0.12
Deferred Long Term Liab	0.67	-0.08	0.51	0.82	0.98	0.95	0.91	0.87	-0.08	-0.34	0.16	0.92	0.0	0.5	0.25	0.6	0.61	0.71	0.78	0.15		0.47	0.55	0.86	0.77	0.86
Long Term Investments	0.78	0.07	0.27	0.83	0.44	0.58	0.65	0.5	0.29	-0.8	0.68	0.54	-0.07	0.05	0.33	0.93	0.78	0.75	0.8	0.64	0.47		0.74	0.61	0.74	0.61
Short Long Term Debt	0.75	0.2	0.54	0.76	0.43	0.6	0.7	0.52	0.07	-0.86	0.27	0.46	0.11	0.32	0.37	0.85	0.8	0.89	0.72	0.04	0.55	0.74		0.56	0.94	0.74
Total Current Assets	0.87	0.15	0.55	0.83	0.86	0.89	0.85	0.89	-0.04	-0.46	0.29	0.74	0.18	0.49	0.39	0.64	0.81	0.72	0.95	0.36	0.86	0.61	0.56		0.71	0.9
Short Term Debt	0.79	0.17	0.58	0.89	0.69	0.82	0.86	0.7	0.03	-0.8	0.24	0.71	0.06	0.4	0.39	0.88	0.82	0.93	0.82	0.07	0.77	0.74	0.94	0.71		0.89
Non Current Assets Total	0.85	0.31	0.65	0.86	0.84	0.93	0.9	0.87	-0.09	-0.63	0.14	0.74	0.15	0.54	0.46	0.73	0.83	0.87	0.9	0.12	0.86	0.61	0.74	0.9	0.89

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Sichuan Hebang Account Relationship Matchups

Sichuan Hebang fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.5B	14.7B	17.9B	24.1B	24.5B	12.9B
Other Current Liab	108.7M	149.4M	574.4M	377.3M	9.7M	9.2M
Total Current Liabilities	2.8B	3.2B	3.1B	3.7B	3.7B	2.5B
Total Stockholder Equity	11.2B	11.1B	14.2B	19.1B	19.6B	20.6B
Other Liab	20.1M	18.2M	56.8M	175.1M	201.3M	211.4M
Retained Earnings	2.6B	2.6B	5.6B	9.3B	9.6B	10.1B
Accounts Payable	971.1M	1.0B	1.2B	1.9B	1.9B	2.0B
Cash	590.5M	845.9M	1.7B	4.6B	3.1B	3.2B
Other Assets	466.0M	341.1M	450.3M	242.1M	278.5M	396.5M
Long Term Debt	226M	262.4M	68.1M	408.5M	431.2M	520.4M
Net Receivables	1.1B	518.9M	497.6M	778.0M	977.6M	753.3M
Inventory	1.3B	633.3M	912.2M	2.1B	4.4B	4.6B
Other Current Assets	228.8M	142.0M	287.8M	460.2M	112.9M	107.3M
Total Liab	3.0B	3.4B	3.3B	4.3B	4.3B	3.3B
Intangible Assets	1.1B	1.0B	2.0B	2.2B	824.9M	1.1B
Property Plant Equipment	7.2B	7.5B	8.3B	9.5B	10.9B	5.5B
Net Tangible Assets	8.2B	8.2B	10.4B	15.1B	17.4B	9.7B
Other Stockholder Equity	11.3M	(1.2M)	1.9M	29.5M	26.5M	15.7M
Deferred Long Term Liab	9.7M	9.8M	7.3M	34.0M	39.1M	41.1M
Short Long Term Debt	1.6B	1.6B	1.2B	1.2B	1.2B	1.1B
Total Current Assets	3.5B	3.3B	4.6B	9.7B	9.9B	5.4B
Non Current Assets Total	11.0B	11.4B	13.3B	14.4B	14.7B	12.8B
Non Currrent Assets Other	511.4M	245.3M	417.2M	97.8M	142.2M	135.1M
Short Term Investments	12.2M	34.0M	206.0M	56.9M	51.2M	48.6M
Non Current Liabilities Total	246.1M	280.6M	161.9M	605.1M	654.1M	361.2M
Net Invested Capital	13.1B	13.0B	15.5B	20.7B	21.2B	16.9B
Net Working Capital	706.8M	165.6M	1.5B	6.0B	6.2B	6.5B

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Other Information on Investing in Sichuan Stock

Balance Sheet is a snapshot of the financial position of Sichuan Hebang Biote at a specified time, usually calculated after every quarter, six months, or one year. Sichuan Hebang Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sichuan Hebang 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 Net Income vs Depreciation Analysis

Net Income vs Depreciation

Net Income vs Depreciation Correlation Analysis

Correlation Coefficient

Net Income

Depreciation

Sichuan Hebang fundamental ratios Correlations

Sichuan Hebang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sichuan Hebang fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Sichuan Stock

COMMON DESTINATIONS

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COMPANY

Property Plant Equipment	+ 0.98	Total Assets
Deferred Long Term Liab	+ 0.98	Other Liab
Retained Earnings	+ 0.96	Other Liab
Accounts Payable	+ 0.96	Retained Earnings
Total Liab	+ 0.95	Total Current Liabilities
Deferred Long Term Liab	+ 0.95	Retained Earnings

Common Stock	- 0.87	Long Term Debt
Short Long Term Debt	- 0.86	Long Term Debt
Short Term Debt	- 0.8	Long Term Debt
Long Term Investments	- 0.8	Long Term Debt
Good Will	- 0.77	Long Term Debt
Property Plant Equipment	- 0.77	Long Term Debt