Change Total Operating Expenses vs Non Recurring Analysis

CCA Stock   0.06  0  1.67%   
Change Financial financial indicator trend analysis is way more than just evaluating Change Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Change Financial is a good investment. Please check the relationship between Change Financial Total Operating Expenses and its Non Recurring accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Change Financial Limited. 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.

Total Operating Expenses vs Non Recurring

Total Operating Expenses vs Non Recurring Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Change Financial Total Operating Expenses account and Non Recurring. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Change Financial's Total Operating Expenses and Non Recurring is -0.01. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Non Recurring in the same time period over historical financial statements of Change Financial Limited, assuming nothing else is changed. The correlation between historical values of Change Financial's Total Operating Expenses and Non Recurring is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Change Financial Limited are associated (or correlated) with its Non Recurring. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Recurring has no effect on the direction of Total Operating Expenses i.e., Change Financial's Total Operating Expenses and Non Recurring go up and down completely randomly.

Correlation Coefficient

-0.01
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Non Recurring

Most indicators from Change Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Change Financial 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 Change Financial Limited. 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.
Tax Provision is likely to gain to about 324.2 K in 2024, whereas Selling General Administrative is likely to drop slightly above 3.3 M in 2024.
 2021 2022 2023 2024 (projected)
Cost Of Revenue11.0M9.4M7.6M5.8M
Research Development339.7K720.6K809.8K525.2K

Change Financial fundamental ratios Correlations

0.89-0.57-0.630.60.760.030.510.60.730.65-0.270.890.510.670.730.450.530.710.720.750.650.70.63-0.560.7
0.89-0.65-0.320.640.450.170.530.640.40.35-0.470.990.260.380.380.80.290.370.370.460.360.390.35-0.360.37
-0.57-0.650.4-0.99-0.3-0.16-0.49-0.99-0.28-0.270.03-0.63-0.23-0.46-0.25-0.51-0.34-0.4-0.24-0.32-0.27-0.3-0.460.56-0.33
-0.63-0.320.4-0.49-0.80.22-0.4-0.49-0.83-0.76-0.15-0.38-0.67-0.98-0.860.13-0.75-0.94-0.86-0.68-0.55-0.86-0.960.93-0.86
0.60.64-0.99-0.490.350.10.521.00.350.310.040.640.260.530.320.460.420.490.310.40.290.350.55-0.650.39
0.760.45-0.3-0.80.35-0.090.140.350.970.910.030.450.660.860.98-0.10.580.810.980.810.760.970.69-0.610.83
0.030.17-0.160.220.1-0.09-0.120.1-0.040.080.050.17-0.62-0.12-0.10.36-0.14-0.27-0.11-0.250.020.0-0.230.27-0.1
0.510.53-0.49-0.40.520.14-0.120.520.170.21-0.410.590.30.320.170.370.250.370.170.170.410.150.46-0.470.26
0.60.64-0.99-0.491.00.350.10.520.350.310.040.640.260.530.320.460.420.490.310.40.290.350.55-0.650.39
0.730.4-0.28-0.830.350.97-0.040.170.350.870.080.410.620.870.98-0.170.70.860.980.860.760.950.74-0.640.87
0.650.35-0.27-0.760.310.910.080.210.310.870.040.360.530.830.9-0.120.380.690.910.550.820.960.62-0.560.74
-0.27-0.470.03-0.150.040.030.05-0.410.040.080.04-0.42-0.320.140.11-0.520.290.210.13-0.01-0.10.080.17-0.10.23
0.890.99-0.63-0.380.640.450.170.590.640.410.36-0.420.230.420.410.790.340.410.40.450.350.410.4-0.420.4
0.510.26-0.23-0.670.260.66-0.620.30.260.620.53-0.320.230.640.62-0.170.420.670.620.670.530.610.63-0.620.59
0.670.38-0.46-0.980.530.86-0.120.320.530.870.830.140.420.640.89-0.060.710.910.890.680.570.910.92-0.910.85
0.730.38-0.25-0.860.320.98-0.10.170.320.980.90.110.410.620.89-0.180.640.871.00.820.740.970.76-0.670.85
0.450.8-0.510.130.46-0.10.360.370.46-0.17-0.12-0.520.79-0.17-0.06-0.18-0.1-0.16-0.19-0.1-0.16-0.11-0.07-0.03-0.13
0.530.29-0.34-0.750.420.58-0.140.250.420.70.380.290.340.420.710.64-0.10.850.630.70.360.570.8-0.690.86
0.710.37-0.4-0.940.490.81-0.270.370.490.860.690.210.410.670.910.87-0.160.850.860.820.60.810.96-0.860.94
0.720.37-0.24-0.860.310.98-0.110.170.310.980.910.130.40.620.891.0-0.190.630.860.80.750.970.75-0.660.86
0.750.46-0.32-0.680.40.81-0.250.170.40.860.55-0.010.450.670.680.82-0.10.70.820.80.580.70.68-0.580.74
0.650.36-0.27-0.550.290.760.020.410.290.760.82-0.10.350.530.570.74-0.160.360.60.750.580.730.48-0.320.69
0.70.39-0.3-0.860.350.970.00.150.350.950.960.080.410.610.910.97-0.110.570.810.970.70.730.74-0.670.84
0.630.35-0.46-0.960.550.69-0.230.460.550.740.620.170.40.630.920.76-0.070.80.960.750.680.480.74-0.950.86
-0.56-0.360.560.93-0.65-0.610.27-0.47-0.65-0.64-0.56-0.1-0.42-0.62-0.91-0.67-0.03-0.69-0.86-0.66-0.58-0.32-0.67-0.95-0.7
0.70.37-0.33-0.860.390.83-0.10.260.390.870.740.230.40.590.850.85-0.130.860.940.860.740.690.840.86-0.7
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Change Financial Account Relationship Matchups

Change Financial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.6M12.7M10.3M15.3M12.9M7.7M
Total Stockholder Equity2.3M7.0M3.3M8.4M5.9M4.8M
Net Debt(2.6M)(3.5M)(207.6K)(5.2M)(2.4M)(2.6M)
Retained Earnings(36.7M)(40.2M)(44.0M)(46.9M)(49.4M)(47.0M)
Cash3.0M4.0M1.5M5.4M2.6M2.7M
Non Current Assets Total189.5K6.0M6.4M7.0M7.5M7.9M
Cash And Short Term Investments3.0M4.0M1.5M5.4M2.6M2.7M
Net Receivables393.9K2.4M1.8M2.1M2.1M2.2M
Liabilities And Stockholders Equity3.6M12.7M10.3M15.3M12.9M7.7M
Other Current Assets8.1K226.5K373.3K848.8K749.6K787.0K
Total Current Assets3.4M6.7M3.9M8.3M5.4M4.9M
Accumulated Other Comprehensive Income4.3M4.7M4.8M4.8M4.8M4.2M
Common Stock29.6M34.8M42.5M50.5M58.1M61.0M
Total Current Liabilities1.1M5.4M5.8M5.8M6.0M6.3M
Net Tangible Assets2.3M1.5M(2.6M)2.1M1.9M2.0M
Accounts Payable420.8K573.3K627.1K525.0K581.6K349.6K
Total Liab1.2M5.7M7.0M6.9M7.1M7.4M
Property Plant Equipment0.0461.0K318.8K209.1K240.4K136.9K
Other Current Liab364.9K1.8M2.0M5.1M2.6M1.5M
Common Stock Shares Outstanding130.4M366.9M396.7M535.7M627.7M659.0M
Inventory(2.5K)141.7K267.7K414.7K(665.2K)(631.9K)
Net Invested Capital3.4M7.0M4.4M8.4M5.9M4.8M
Net Working Capital3.4M1.3M(1.9M)2.6M(598.3K)(568.3K)
Short Term Debt153.3K297.4K95.5K72.2K104.2K177.3K
Short Long Term Debt Total332.7K561.8K1.3M136.3K156.9K149.1K
Current Deferred Revenue111.2K2.7M3.1M3.3M2.7M2.2M

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