WuXi Selling General Administrative vs Reconciled Depreciation Analysis

603416 Stock   41.90  1.25  3.08%   
WuXi Xinje financial indicator trend analysis is more than just analyzing WuXi Xinje Electric current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WuXi Xinje Electric is a good investment. Please check the relationship between WuXi Xinje Selling General Administrative and its Reconciled Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in WuXi Xinje Electric. 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.

Selling General Administrative vs Reconciled Depreciation

Selling General Administrative vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WuXi Xinje Electric Selling General Administrative account and Reconciled Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between WuXi Xinje's Selling General Administrative and Reconciled Depreciation is 0.69. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of WuXi Xinje Electric, assuming nothing else is changed. The correlation between historical values of WuXi Xinje's Selling General Administrative and Reconciled 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 Selling General Administrative of WuXi Xinje Electric are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Selling General Administrative i.e., WuXi Xinje's Selling General Administrative and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Selling General Administrative

Reconciled Depreciation

Most indicators from WuXi Xinje's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WuXi Xinje Electric 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 WuXi Xinje Electric. 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 Selling General Administrative is expected to grow to about 57 M. The current year's Tax Provision is expected to grow to about 21.4 M
 2021 2022 2023 2024 (projected)
Operating Income329.3M238.8M220.7M172.2M
Total Revenue1.3B1.3B1.5B1.6B

WuXi Xinje fundamental ratios Correlations

0.250.971.00.990.960.380.990.220.880.050.970.780.790.970.940.940.490.960.960.940.640.83-0.590.350.93
0.250.340.220.190.33-0.120.13-0.40.57-0.020.330.40.320.12-0.050.330.580.010.380.330.230.050.450.170.2
0.970.340.940.971.00.290.960.00.92-0.081.00.680.680.960.890.90.440.920.930.950.550.83-0.570.480.94
1.00.220.940.980.940.410.980.30.850.090.940.80.820.960.940.940.50.960.960.920.660.81-0.590.30.9
0.990.190.970.980.970.361.00.20.860.030.970.730.730.990.950.930.410.980.940.940.620.86-0.630.380.95
0.960.331.00.940.970.30.960.00.92-0.081.00.670.670.970.890.90.430.920.930.960.550.84-0.570.490.95
0.38-0.120.290.410.360.30.340.340.26-0.110.30.20.340.340.460.43-0.020.330.410.30.040.42-0.190.280.35
0.990.130.960.981.00.960.340.220.830.010.970.720.730.990.970.910.40.990.930.930.60.87-0.680.390.94
0.22-0.40.00.30.20.00.340.22-0.050.320.010.520.550.150.370.240.30.260.20.070.250.18-0.19-0.330.06
0.880.570.920.850.860.920.260.83-0.05-0.010.920.740.730.840.720.930.540.770.940.960.570.8-0.210.450.91
0.05-0.02-0.080.090.03-0.08-0.110.010.32-0.01-0.080.310.27-0.040.00.10.270.070.09-0.030.77-0.070.12-0.86-0.04
0.970.331.00.940.971.00.30.970.010.92-0.080.680.680.970.890.90.440.920.930.960.560.83-0.570.480.94
0.780.40.680.80.730.670.20.720.520.740.310.680.950.660.670.810.740.670.810.720.690.56-0.190.00.63
0.790.320.680.820.730.670.340.730.550.730.270.680.950.670.70.830.690.690.830.730.660.58-0.230.040.65
0.970.120.960.960.990.970.340.990.150.84-0.040.970.660.670.950.90.340.980.910.940.560.87-0.670.440.96
0.94-0.050.890.940.950.890.460.970.370.720.00.890.670.70.950.860.340.980.860.850.520.87-0.740.350.88
0.940.330.90.940.930.90.430.910.240.930.10.90.810.830.90.860.520.890.990.960.650.86-0.370.340.94
0.490.580.440.50.410.43-0.020.40.30.540.270.440.740.690.340.340.520.350.550.450.550.220.03-0.170.3
0.960.010.920.960.980.920.330.990.260.770.070.920.670.690.980.980.890.350.890.90.610.88-0.710.320.93
0.960.380.930.960.940.930.410.930.20.940.090.930.810.830.910.860.990.550.890.970.650.85-0.380.350.93
0.940.330.950.920.940.960.30.930.070.96-0.030.960.720.730.940.850.960.450.90.970.570.9-0.430.480.98
0.640.230.550.660.620.550.040.60.250.570.770.560.690.660.560.520.650.550.610.650.570.41-0.25-0.420.55
0.830.050.830.810.860.840.420.870.180.8-0.070.830.560.580.870.870.860.220.880.850.90.41-0.440.50.93
-0.590.45-0.57-0.59-0.63-0.57-0.19-0.68-0.19-0.210.12-0.57-0.19-0.23-0.67-0.74-0.370.03-0.71-0.38-0.43-0.25-0.44-0.23-0.5
0.350.170.480.30.380.490.280.39-0.330.45-0.860.480.00.040.440.350.34-0.170.320.350.48-0.420.5-0.230.5
0.930.20.940.90.950.950.350.940.060.91-0.040.940.630.650.960.880.940.30.930.930.980.550.93-0.50.5
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WuXi Xinje Account Relationship Matchups

WuXi Xinje fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B2.2B2.4B2.7B2.9B3.0B
Other Current Liab25.0M77.3M58.5M41.4M2.8M2.7M
Total Current Liabilities241.0M686.7M605.1M695.5M710.5M746.0M
Total Stockholder Equity1.2B1.5B1.8B2.0B2.1B2.2B
Retained Earnings692.1M1.0B1.3B1.5B1.6B1.6B
Accounts Payable193.7M571.0M497.0M609.0M597.3M627.2M
Cash101.6M103.1M134.0M324.0M345.5M177.6M
Other Assets16.0M22.2M27.0M33.5M38.5M40.5M
Net Receivables152.6M22.5M43.2M80.7M118.4M92.2M
Inventory235.9M580.7M540.3M580.2M511.1M270.4M
Other Current Assets8.2M8.0M14.7M111.4M3.5M3.3M
Total Liab259.7M704.4M625.2M730.3M743.1M780.3M
Intangible Assets61.9M62.1M61.2M62.7M62.7M48.6M
Property Plant Equipment209.1M281.6M382.7M437.0M502.5M527.6M
Other Liab18.7M17.8M18.3M33.6M38.6M40.6M
Net Tangible Assets1.1B1.4B1.7B1.9B2.2B1.3B
Other Stockholder Equity(5.4K)29.0K(140.8K)(111.2K)(127.9K)(134.3K)
Deferred Long Term Liab7.9M7.8M10.5M15.5M17.8M18.7M
Total Current Assets1.1B1.7B1.8B2.0B2.1B1.4B
Non Current Assets Total338.0M558.4M602.7M670.9M787.2M474.7M
Non Currrent Assets Other3.3M7.1M6.8M6.9M6.7M6.6M
Non Current Liabilities Total18.7M17.8M20.2M34.8M32.6M22.6M
Short Term Investments543.9M688.2M773.9M736.9M813.2M652.2M
Net Invested Capital1.2B1.5B1.8B2.0B2.2B1.7B
Net Working Capital883.7M971.6M1.2B1.3B1.4B1.2B

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Other Information on Investing in WuXi Stock

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