Western Net Income vs Capital Expenditures Analysis

688122 Stock

44.50 0.45 1.00%

Western Superconducting financial indicator trend analysis is more than just analyzing Western Superconducting current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Superconducting is a good investment. Please check the relationship between Western Superconducting Net Income and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Western Superconducting Tech. 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 Western Superconducting Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Western Superconducting's Net Income and Capital Expenditures is 0.92. 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 Western Superconducting Tech, assuming nothing else is changed. The correlation between historical values of Western Superconducting'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 Western Superconducting Tech 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., Western Superconducting's Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

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

Capital Expenditures

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

Most indicators from Western Superconducting's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Superconducting 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 Western Superconducting Tech. 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 4, 2024, Tax Provision is expected to decline to about 65.1 M. In addition to that, Selling General Administrative is expected to decline to about 56.1 M

	2021	2022	2023	2024 (projected)
Gross Profit	1.2B	1.7B	1.3B	915.0M
Total Revenue	2.9B	4.2B	4.2B	2.5B

Gross Profit Total Revenue

Western Superconducting fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.41	0.99	0.99	0.96	0.92	0.99	0.92	0.75	0.98	0.3	0.78	0.84	0.78	0.86	0.86	0.83	0.85	0.99	-0.7	0.93	1.0	0.76	0.1	0.93	0.95
Other Current Liab	0.41		0.46	0.45	0.45	0.26	0.38	0.22	0.52	0.32	0.19	-0.11	-0.02	0.06	0.04	0.07	0.13	0.01	0.36	-0.09	0.48	0.42	0.47	-0.42	0.32	0.45
Total Current Liabilities	0.99	0.46		0.98	0.98	0.91	0.98	0.92	0.71	0.98	0.28	0.75	0.83	0.76	0.86	0.85	0.8	0.85	0.99	-0.72	0.96	0.99	0.81	0.01	0.93	0.97
Total Stockholder Equity	0.99	0.45	0.98		0.93	0.92	0.99	0.9	0.81	0.95	0.29	0.74	0.8	0.75	0.82	0.84	0.84	0.82	0.97	-0.67	0.91	1.0	0.72	0.13	0.92	0.92
Other Liab	0.96	0.45	0.98	0.93		0.86	0.93	0.88	0.61	0.98	0.18	0.71	0.8	0.8	0.83	0.82	0.77	0.8	0.98	-0.69	0.91	0.95	0.89	-0.08	0.95	0.98
Net Tangible Assets	0.92	0.26	0.91	0.92	0.86		0.9	0.99	0.72	0.9	0.15	0.88	0.94	0.74	0.95	0.97	0.95	0.94	0.9	-0.85	0.87	0.91	0.68	0.12	0.92	0.86
Retained Earnings	0.99	0.38	0.98	0.99	0.93	0.9		0.9	0.76	0.96	0.39	0.79	0.82	0.73	0.84	0.84	0.8	0.84	0.98	-0.65	0.92	0.99	0.7	0.17	0.89	0.91
Accounts Payable	0.92	0.22	0.92	0.9	0.88	0.99	0.9		0.65	0.92	0.19	0.9	0.97	0.78	0.98	0.98	0.92	0.97	0.92	-0.87	0.88	0.91	0.72	0.05	0.91	0.88
Cash	0.75	0.52	0.71	0.81	0.61	0.72	0.76	0.65		0.61	0.34	0.45	0.49	0.44	0.52	0.55	0.72	0.52	0.67	-0.37	0.64	0.77	0.44	0.09	0.58	0.6
Non Current Assets Total	0.98	0.32	0.98	0.95	0.98	0.9	0.96	0.92	0.61		0.18	0.79	0.87	0.84	0.89	0.88	0.82	0.88	0.99	-0.77	0.92	0.97	0.81	0.07	0.96	0.97
Non Currrent Assets Other	0.3	0.19	0.28	0.29	0.18	0.15	0.39	0.19	0.34	0.18		0.31	0.16	-0.13	0.16	0.09	-0.05	0.19	0.29	0.18	0.29	0.32	-0.1	0.17	0.01	0.1
Other Assets	0.78	-0.11	0.75	0.74	0.71	0.88	0.79	0.9	0.45	0.79	0.31		0.97	0.63	0.95	0.94	0.81	0.95	0.79	-0.74	0.71	0.77	0.45	0.34	0.78	0.66
Long Term Debt	0.84	-0.02	0.83	0.8	0.8	0.94	0.82	0.97	0.49	0.87	0.16	0.97		0.75	1.0	0.99	0.89	0.99	0.86	-0.86	0.79	0.82	0.63	0.16	0.86	0.79
Net Receivables	0.78	0.06	0.76	0.75	0.8	0.74	0.73	0.78	0.44	0.84	-0.13	0.63	0.75		0.76	0.77	0.74	0.77	0.8	-0.72	0.61	0.76	0.73	-0.08	0.84	0.83
Non Current Liabilities Total	0.86	0.04	0.86	0.82	0.83	0.95	0.84	0.98	0.52	0.89	0.16	0.95	1.0	0.76		0.99	0.9	0.99	0.88	-0.86	0.82	0.85	0.67	0.12	0.88	0.82
Inventory	0.86	0.07	0.85	0.84	0.82	0.97	0.84	0.98	0.55	0.88	0.09	0.94	0.99	0.77	0.99		0.93	0.98	0.87	-0.89	0.81	0.85	0.65	0.16	0.9	0.82
Other Current Assets	0.83	0.13	0.8	0.84	0.77	0.95	0.8	0.92	0.72	0.82	-0.05	0.81	0.89	0.74	0.9	0.93		0.88	0.8	-0.8	0.74	0.82	0.66	0.13	0.85	0.77
Other Stockholder Equity	0.85	0.01	0.85	0.82	0.8	0.94	0.84	0.97	0.52	0.88	0.19	0.95	0.99	0.77	0.99	0.98	0.88		0.87	-0.88	0.81	0.84	0.61	0.14	0.85	0.81
Total Liab	0.99	0.36	0.99	0.97	0.98	0.9	0.98	0.92	0.67	0.99	0.29	0.79	0.86	0.8	0.88	0.87	0.8	0.87		-0.71	0.94	0.99	0.8	0.06	0.93	0.96
Deferred Long Term Liab	-0.7	-0.09	-0.72	-0.67	-0.69	-0.85	-0.65	-0.87	-0.37	-0.77	0.18	-0.74	-0.86	-0.72	-0.86	-0.89	-0.8	-0.88	-0.71		-0.74	-0.68	-0.6	0.0	-0.79	-0.77
Short Long Term Debt	0.93	0.48	0.96	0.91	0.91	0.87	0.92	0.88	0.64	0.92	0.29	0.71	0.79	0.61	0.82	0.81	0.74	0.81	0.94	-0.74		0.92	0.77	0.0	0.84	0.93
Total Current Assets	1.0	0.42	0.99	1.0	0.95	0.91	0.99	0.91	0.77	0.97	0.32	0.77	0.82	0.76	0.85	0.85	0.82	0.84	0.99	-0.68	0.92		0.74	0.11	0.92	0.94
Non Current Liabilities Other	0.76	0.47	0.81	0.72	0.89	0.68	0.7	0.72	0.44	0.81	-0.1	0.45	0.63	0.73	0.67	0.65	0.66	0.61	0.8	-0.6	0.77	0.74		-0.43	0.79	0.88
Intangible Assets	0.1	-0.42	0.01	0.13	-0.08	0.12	0.17	0.05	0.09	0.07	0.17	0.34	0.16	-0.08	0.12	0.16	0.13	0.14	0.06	0.0	0.0	0.11	-0.43		0.1	-0.12
Common Stock	0.93	0.32	0.93	0.92	0.95	0.92	0.89	0.91	0.58	0.96	0.01	0.78	0.86	0.84	0.88	0.9	0.85	0.85	0.93	-0.79	0.84	0.92	0.79	0.1		0.93
Property Plant Equipment	0.95	0.45	0.97	0.92	0.98	0.86	0.91	0.88	0.6	0.97	0.1	0.66	0.79	0.83	0.82	0.82	0.77	0.81	0.96	-0.77	0.93	0.94	0.88	-0.12	0.93

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Western Superconducting Account Relationship Matchups

Western Superconducting fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.8B	5.5B	8.8B	11.3B	12.1B	7.3B
Other Current Liab	195.3M	252.8M	348.0M	227.8M	17.9M	17.0M
Total Current Liabilities	1.6B	2.0B	2.6B	3.4B	3.4B	2.3B
Total Stockholder Equity	2.6B	2.8B	5.4B	6.0B	6.3B	4.0B
Other Liab	247.5M	270.1M	288.2M	358.6M	412.4M	261.3M
Net Tangible Assets	2.4B	2.7B	5.2B	5.8B	6.7B	7.0B
Retained Earnings	369.9M	608.3M	1.2B	1.8B	1.8B	914.3M
Accounts Payable	557.0M	540.0M	1.1B	1.7B	1.9B	2.0B
Cash	779.8M	470.8M	2.6B	2.1B	1.5B	1.3B
Non Current Assets Total	1.3B	1.5B	1.7B	2.1B	2.6B	1.7B
Non Currrent Assets Other	25.0M	72.3M	38.9M	316.3M	42.0M	39.9M
Other Assets	112.3M	171.9M	145.4M	415.4M	477.7M	501.6M
Long Term Debt	318.1M	383.2M	445.7M	1.2B	1.6B	1.6B
Net Receivables	1.5B	660.2M	1.2B	1.3B	2.1B	1.3B
Non Current Liabilities Total	565.7M	653.3M	733.9M	1.5B	1.9B	2.0B
Inventory	1.0B	1.1B	1.6B	2.4B	3.3B	3.5B
Other Current Assets	21.0M	15.5M	76.1M	55.4M	93.5M	98.1M
Other Stockholder Equity	4.2M	4.1M	5.6M	12.1M	14.0M	14.7M
Total Liab	2.2B	2.7B	3.3B	4.9B	5.3B	3.2B
Deferred Long Term Liab	18.6M	18.3M	18.0M	17.6M	15.9M	14.5M
Short Long Term Debt	661.1M	1.0B	1.0B	1.3B	1.2B	1.0B
Total Current Assets	3.5B	4.1B	7.1B	9.2B	9.5B	5.6B
Intangible Assets	72.2M	173.2M	188.8M	179.4M	291.4M	196.7M
Property Plant Equipment	972.4M	1.0B	1.2B	1.4B	1.6B	1.1B
Net Debt	404.7M	319.1M	945.8M	326.6M	1.2B	666.9M
Net Invested Capital	3.7B	4.2B	6.8B	8.4B	9.0B	6.0B
Net Working Capital	1.9B	2.1B	4.5B	5.8B	6.1B	3.6B

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

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Western Net Income vs Capital Expenditures Analysis

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Net Income

Capital Expenditures

Western Superconducting fundamental ratios Correlations

Western Superconducting Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Western Superconducting fundamental ratios Accounts

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Other Information on Investing in Western Stock

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Total Current Assets	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Stockholder Equity
Non Current Liabilities Total	+ 1.0	Long Term Debt
Total Current Liabilities	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets

Deferred Long Term Liab	- 0.89	Inventory
Deferred Long Term Liab	- 0.88	Other Stockholder Equity
Deferred Long Term Liab	- 0.87	Accounts Payable
Deferred Long Term Liab	- 0.86	Non Current Liabilities Total
Deferred Long Term Liab	- 0.86	Long Term Debt
Deferred Long Term Liab	- 0.85	Net Tangible Assets