Changchun Net Income vs Change In Working Capital Analysis
688276 Stock | 27.32 0.19 0.69% |
Changchun BCHT financial indicator trend analysis is way more than just evaluating Changchun BCHT Biote prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changchun BCHT Biote is a good investment. Please check the relationship between Changchun BCHT Net Income and its Change In Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Changchun BCHT 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 Change In Working Capital
Net Income vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changchun BCHT Biote Net Income account and Change In Working Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Changchun BCHT's Net Income and Change In Working Capital is -0.74. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Changchun BCHT Biotechnology, assuming nothing else is changed. The correlation between historical values of Changchun BCHT's Net Income and Change In Working Capital 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 Changchun BCHT Biotechnology are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Net Income i.e., Changchun BCHT's Net Income and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | -0.74 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Changchun BCHT Biote financial statement analysis. It represents the amount of money remaining after all of Changchun BCHT Biotechnology operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Most indicators from Changchun BCHT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changchun BCHT 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 Changchun BCHT 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. As of December 11, 2024, Tax Provision is expected to decline to about 33.3 M. In addition to that, Selling General Administrative is expected to decline to about 599.5 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.1B | 934.2M | 1.6B | 1.3B | Total Revenue | 1.2B | 1.1B | 1.8B | 1.4B |
Changchun BCHT fundamental ratios Correlations
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Changchun BCHT Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Changchun BCHT Biote at a specified time, usually calculated after every quarter, six months, or one year. Changchun BCHT Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Changchun BCHT 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 Changchun currently owns. An asset can also be divided into two categories, current and non-current.