Shanghai Net Income vs Capital Expenditures Analysis

603579 Stock

14.86 0.22 1.50%

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

Net Income vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Rongtai Health Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have weak relationship.

The correlation between Shanghai Rongtai's Net Income and Capital Expenditures is 0.33. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Shanghai Rongtai Health, assuming nothing else is changed. The correlation between historical values of Shanghai Rongtai's Net Income and Capital Expenditures 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 Shanghai Rongtai Health are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., Shanghai Rongtai's Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

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Net Income

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

Capital Expenditures

Capital Expenditures are funds used by Shanghai Rongtai Health to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Shanghai Rongtai operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Shanghai Rongtai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Rongtai Health 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 Shanghai Rongtai Health. 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 212.2 M, whereas Tax Provision is forecasted to decline to about 23 M.

	2021	2022	2023	2024 (projected)
Operating Income	264.3M	171.1M	215.7M	192.8M
Total Revenue	2.6B	2.0B	1.9B	1.6B

Operating Income Total Revenue

Shanghai Rongtai 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	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Net Tangible Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other
Total Assets		0.6	0.93	0.99	0.84	0.92	0.85	0.97	0.8	0.77	0.63	0.89	0.47	0.98	0.97	0.96	0.92	0.88	0.97	0.93	0.79	0.81	-0.11	-0.2	0.96	0.59
Other Current Liab	0.6		0.69	0.63	0.3	0.4	0.72	0.54	0.7	0.6	0.79	0.8	-0.29	0.53	0.51	0.64	0.37	0.48	0.51	0.44	0.44	0.19	-0.14	-0.35	0.47	-0.04
Total Current Liabilities	0.93	0.69		0.92	0.78	0.84	0.91	0.93	0.76	0.81	0.62	0.92	0.35	0.91	0.92	0.92	0.85	0.75	0.86	0.8	0.67	0.61	-0.08	-0.21	0.87	0.42
Total Stockholder Equity	0.99	0.63	0.92		0.83	0.91	0.85	0.97	0.81	0.83	0.65	0.88	0.47	0.93	0.96	0.98	0.91	0.85	0.98	0.9	0.73	0.74	-0.15	-0.29	0.96	0.6
Other Liab	0.84	0.3	0.78	0.83		0.96	0.69	0.81	0.77	0.71	0.39	0.71	0.75	0.81	0.83	0.79	0.92	0.85	0.89	0.84	0.66	0.72	-0.13	-0.2	0.89	0.78
Retained Earnings	0.92	0.4	0.84	0.91	0.96		0.77	0.89	0.79	0.73	0.54	0.81	0.7	0.9	0.9	0.86	0.98	0.88	0.95	0.93	0.78	0.8	-0.05	-0.23	0.96	0.67
Accounts Payable	0.85	0.72	0.91	0.85	0.69	0.77		0.8	0.82	0.84	0.7	0.95	0.33	0.81	0.82	0.87	0.78	0.7	0.79	0.73	0.64	0.5	-0.01	-0.52	0.76	0.35
Cash	0.97	0.54	0.93	0.97	0.81	0.89	0.8		0.7	0.79	0.55	0.81	0.51	0.93	0.97	0.96	0.9	0.76	0.94	0.84	0.64	0.71	-0.14	-0.18	0.93	0.6
Other Assets	0.8	0.7	0.76	0.81	0.77	0.79	0.82	0.7		0.77	0.75	0.87	0.3	0.76	0.73	0.77	0.69	0.9	0.79	0.78	0.72	0.59	-0.03	-0.51	0.75	0.55
Net Receivables	0.77	0.6	0.81	0.83	0.71	0.73	0.84	0.79	0.77		0.61	0.76	0.46	0.65	0.78	0.86	0.69	0.6	0.8	0.59	0.36	0.32	-0.1	-0.64	0.74	0.56
Short Term Investments	0.63	0.79	0.62	0.65	0.39	0.54	0.7	0.55	0.75	0.61		0.78	-0.03	0.57	0.57	0.63	0.47	0.57	0.59	0.59	0.6	0.37	0.34	-0.51	0.54	0.07
Inventory	0.89	0.8	0.92	0.88	0.71	0.81	0.95	0.81	0.87	0.76	0.78		0.24	0.86	0.83	0.87	0.79	0.8	0.84	0.83	0.78	0.61	0.02	-0.37	0.83	0.3
Other Current Assets	0.47	-0.29	0.35	0.47	0.75	0.7	0.33	0.51	0.3	0.46	-0.03	0.24		0.43	0.52	0.47	0.72	0.45	0.61	0.53	0.3	0.51	-0.07	-0.23	0.6	0.75
Total Liab	0.98	0.53	0.91	0.93	0.81	0.9	0.81	0.93	0.76	0.65	0.57	0.86	0.43		0.95	0.88	0.91	0.89	0.91	0.95	0.86	0.88	-0.04	-0.08	0.92	0.54
Intangible Assets	0.97	0.51	0.92	0.96	0.83	0.9	0.82	0.97	0.73	0.78	0.57	0.83	0.52	0.95		0.95	0.91	0.81	0.94	0.88	0.71	0.76	-0.04	-0.18	0.94	0.62
Common Stock	0.96	0.64	0.92	0.98	0.79	0.86	0.87	0.96	0.77	0.86	0.63	0.87	0.47	0.88	0.95		0.88	0.77	0.95	0.83	0.64	0.65	-0.2	-0.35	0.93	0.57
Property Plant Equipment	0.92	0.37	0.85	0.91	0.92	0.98	0.78	0.9	0.69	0.69	0.47	0.79	0.72	0.91	0.91	0.88		0.81	0.94	0.92	0.76	0.81	-0.1	-0.18	0.95	0.6
Long Term Debt	0.88	0.48	0.75	0.85	0.85	0.88	0.7	0.76	0.9	0.6	0.57	0.8	0.45	0.89	0.81	0.77	0.81		0.87	0.94	0.88	0.87	-0.05	-0.18	0.87	0.68
Net Tangible Assets	0.97	0.51	0.86	0.98	0.89	0.95	0.79	0.94	0.79	0.8	0.59	0.84	0.61	0.91	0.94	0.95	0.94	0.87		0.93	0.74	0.78	-0.15	-0.28	0.99	0.67
Non Current Assets Total	0.93	0.44	0.8	0.9	0.84	0.93	0.73	0.84	0.78	0.59	0.59	0.83	0.53	0.95	0.88	0.83	0.92	0.94	0.93		0.93	0.93	0.01	-0.13	0.94	0.58
Non Currrent Assets Other	0.79	0.44	0.67	0.73	0.66	0.78	0.64	0.64	0.72	0.36	0.6	0.78	0.3	0.86	0.71	0.64	0.76	0.88	0.74	0.93		0.91	0.15	-0.03	0.77	0.33
Non Current Liabilities Total	0.81	0.19	0.61	0.74	0.72	0.8	0.5	0.71	0.59	0.32	0.37	0.61	0.51	0.88	0.76	0.65	0.81	0.87	0.78	0.93	0.91		0.03	0.11	0.81	0.57
Deferred Long Term Liab	-0.11	-0.14	-0.08	-0.15	-0.13	-0.05	-0.01	-0.14	-0.03	-0.1	0.34	0.02	-0.07	-0.04	-0.04	-0.2	-0.1	-0.05	-0.15	0.01	0.15	0.03		-0.08	-0.12	-0.25
Short Long Term Debt	-0.2	-0.35	-0.21	-0.29	-0.2	-0.23	-0.52	-0.18	-0.51	-0.64	-0.51	-0.37	-0.23	-0.08	-0.18	-0.35	-0.18	-0.18	-0.28	-0.13	-0.03	0.11	-0.08		-0.16	-0.22
Total Current Assets	0.96	0.47	0.87	0.96	0.89	0.96	0.76	0.93	0.75	0.74	0.54	0.83	0.6	0.92	0.94	0.93	0.95	0.87	0.99	0.94	0.77	0.81	-0.12	-0.16		0.64
Non Current Liabilities Other	0.59	-0.04	0.42	0.6	0.78	0.67	0.35	0.6	0.55	0.56	0.07	0.3	0.75	0.54	0.62	0.57	0.6	0.68	0.67	0.58	0.33	0.57	-0.25	-0.22	0.64

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Shanghai Rongtai Account Relationship Matchups

Shanghai Rongtai fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	3.0B	3.3B	3.4B	3.4B	1.9B
Other Current Liab	156.4M	135.9M	112.3M	109.0M	1.5M	1.4M
Total Current Liabilities	768.1M	704.6M	871.7M	890.2M	666.6M	571.7M
Total Stockholder Equity	1.6B	1.7B	1.8B	1.9B	2.0B	1.1B
Other Liab	61.9M	39.5M	44.7M	60.5M	69.5M	73.0M
Retained Earnings	878.5M	866.7M	1.0B	1.0B	1.2B	1.2B
Accounts Payable	546.3M	530.5M	595.1M	321.2M	391.9M	356.2M
Cash	875.9M	882.7M	1.1B	1.3B	1.4B	743.4M
Other Assets	228.3M	153.1M	161.8M	105.4M	121.2M	77.7M
Net Receivables	198.1M	108.5M	142.7M	95.1M	153.3M	116.5M
Inventory	239.2M	248.0M	279.6M	205.2M	144.8M	162.2M
Other Current Assets	95.3M	58.1M	89.2M	50.5M	488.8M	513.2M
Total Liab	829.9M	1.3B	1.5B	1.6B	1.4B	816.7M
Intangible Assets	67.9M	65.6M	97.1M	96.6M	105.8M	60.4M
Property Plant Equipment	353.1M	525.6M	538.0M	554.9M	638.1M	670.0M
Net Tangible Assets	1.6B	1.6B	1.7B	1.8B	2.0B	1.5B
Non Current Assets Total	727.1M	1.1B	1.2B	1.2B	1.2B	934.1M
Non Currrent Assets Other	86.9M	324.3M	356.8M	263.9M	177.2M	169.8M
Non Current Liabilities Total	61.9M	595.4M	626.1M	663.6M	745.3M	389.0M
Deferred Long Term Liab	10.9M	6.4M	26.8M	9.5M	10.9M	14.0M
Short Long Term Debt	105M	69.8K	114.8M	408.5M	129.1M	175.4M
Total Current Assets	1.7B	1.8B	2.0B	2.3B	2.2B	1.9B
Non Current Liabilities Other	46.3M	23.8M	23.7M	36.7M	71.6M	37.1M
Net Invested Capital	1.6B	2.2B	2.5B	2.9B	2.7B	2.4B
Net Working Capital	966.3M	1.1B	1.2B	1.4B	1.6B	1.3B

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

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Shanghai Net Income vs Capital Expenditures Analysis

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Net Income

Capital Expenditures

Shanghai Rongtai fundamental ratios Correlations

Shanghai Rongtai Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shanghai Rongtai fundamental ratios Accounts

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Other Information on Investing in Shanghai Stock

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Total Stockholder Equity	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Net Tangible Assets
Total Liab	+ 0.98	Total Assets
Common Stock	+ 0.98	Total Stockholder Equity
Net Tangible Assets	+ 0.98	Total Stockholder Equity
Property Plant Equipment	+ 0.98	Retained Earnings

Short Long Term Debt	- 0.64	Net Receivables
Short Long Term Debt	- 0.52	Accounts Payable
Short Long Term Debt	- 0.51	Short Term Investments
Short Long Term Debt	- 0.51	Other Assets
Short Long Term Debt	- 0.37	Inventory
Short Long Term Debt	- 0.35	Common Stock