Conico Change In Working Capital vs Capital Expenditures Analysis

CNJ Stock   0.01  0  16.67%   
Conico financial indicator trend analysis is way more than just evaluating Conico prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Conico is a good investment. Please check the relationship between Conico Change In Working Capital and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Conico. 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.

Change In Working Capital vs Capital Expenditures

Change In Working Capital vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Conico Change In Working Capital account and Capital Expenditures. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Conico's Change In Working Capital and Capital Expenditures is 0.54. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Conico, assuming nothing else is changed. The correlation between historical values of Conico's Change In Working Capital 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 Change In Working Capital of Conico 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 Change In Working Capital i.e., Conico's Change In Working Capital and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.54
Relationship DirectionPositive 
Relationship StrengthWeak

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.

Capital Expenditures

Capital Expenditures are funds used by Conico to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Conico operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Conico's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Conico 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 Conico. 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 is likely to drop to about 168.7 K in 2024. Issuance Of Capital Stock is likely to drop to about 574.6 K in 2024
 2021 2022 2023 2024 (projected)
Reconciled Depreciation5.1K9.6K30.1K31.7K
Interest Income2.0K1.3K2.1K1.9K

Conico fundamental ratios Correlations

0.260.361.0-0.24-0.250.410.610.250.980.250.280.340.120.420.980.280.510.510.12-0.190.16-0.270.10.06-0.52
0.260.970.23-0.03-0.030.030.040.040.260.04-0.210.020.060.860.260.060.030.160.13-0.280.08-0.17-0.03-0.070.1
0.360.970.33-0.08-0.050.050.250.070.350.07-0.170.070.090.880.350.080.070.230.16-0.310.12-0.21-0.05-0.110.02
1.00.230.33-0.24-0.250.410.610.260.980.260.290.340.130.390.980.280.510.520.12-0.180.17-0.270.090.04-0.53
-0.24-0.03-0.08-0.240.610.36-0.51-0.62-0.11-0.62-0.34-0.01-0.590.04-0.12-0.630.29-0.52-0.44-0.47-0.86-0.30.460.090.24
-0.25-0.03-0.05-0.250.61-0.15-0.33-1.0-0.04-1.0-0.280.44-0.040.07-0.04-1.0-0.14-0.090.14-0.7-0.29-0.65-0.140.030.26
0.410.030.050.410.36-0.15-0.080.160.390.160.01-0.39-0.840.30.380.160.92-0.51-0.850.1-0.730.240.820.59-0.06
0.610.040.250.61-0.51-0.33-0.080.330.560.330.310.320.430.150.560.350.00.570.4-0.050.51-0.19-0.26-0.25-0.5
0.250.040.070.26-0.62-1.00.160.330.051.00.27-0.440.02-0.030.051.00.150.08-0.150.70.290.660.160.01-0.24
0.980.260.350.98-0.11-0.040.390.560.050.050.230.440.120.441.00.070.50.510.15-0.350.11-0.420.070.06-0.48
0.250.040.070.26-0.62-1.00.160.331.00.050.27-0.440.02-0.030.051.00.150.08-0.150.70.290.660.160.01-0.24
0.28-0.21-0.170.29-0.34-0.280.010.310.270.230.27-0.150.24-0.310.230.27-0.010.190.140.430.280.27-0.28-0.26-0.77
0.340.020.070.34-0.010.44-0.390.32-0.440.44-0.44-0.150.510.180.44-0.41-0.150.720.62-0.680.34-0.88-0.27-0.07-0.28
0.120.060.090.13-0.59-0.04-0.840.430.020.120.020.240.51-0.180.130.04-0.720.820.97-0.080.92-0.3-0.88-0.65-0.23
0.420.860.880.390.040.070.30.15-0.030.44-0.03-0.310.18-0.180.43-0.020.340.09-0.08-0.42-0.09-0.330.280.340.02
0.980.260.350.98-0.12-0.040.380.560.051.00.050.230.440.130.430.070.490.520.16-0.350.12-0.420.050.05-0.49
0.280.060.080.28-0.63-1.00.160.351.00.071.00.27-0.410.04-0.020.070.150.11-0.130.670.30.620.160.01-0.27
0.510.030.070.510.29-0.140.920.00.150.50.15-0.01-0.15-0.720.340.490.15-0.24-0.730.04-0.620.140.740.56-0.12
0.510.160.230.52-0.52-0.09-0.510.570.080.510.080.190.720.820.090.520.11-0.240.82-0.250.76-0.45-0.61-0.46-0.41
0.120.130.160.12-0.440.14-0.850.4-0.150.15-0.150.140.620.97-0.080.16-0.13-0.730.82-0.310.84-0.49-0.86-0.64-0.21
-0.19-0.28-0.31-0.18-0.47-0.70.1-0.050.7-0.350.70.43-0.68-0.08-0.42-0.350.670.04-0.25-0.310.120.930.030.02-0.01
0.160.080.120.17-0.86-0.29-0.730.510.290.110.290.280.340.92-0.090.120.3-0.620.760.840.12-0.08-0.78-0.43-0.25
-0.27-0.17-0.21-0.27-0.3-0.650.24-0.190.66-0.420.660.27-0.88-0.3-0.33-0.420.620.14-0.45-0.490.93-0.080.140.050.18
0.1-0.03-0.050.090.46-0.140.82-0.260.160.070.16-0.28-0.27-0.880.280.050.160.74-0.61-0.860.03-0.780.140.750.03
0.06-0.07-0.110.040.090.030.59-0.250.010.060.01-0.26-0.07-0.650.340.050.010.56-0.46-0.640.02-0.430.050.750.08
-0.520.10.02-0.530.240.26-0.06-0.5-0.24-0.48-0.24-0.77-0.28-0.230.02-0.49-0.27-0.12-0.41-0.21-0.01-0.250.180.030.08
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Conico Account Relationship Matchups

Conico fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets16.1M26.6M34.3M38.2M3.5M3.3M
Other Current Liab184.4K89.5K737.5K313.8K181.0K265.0K
Total Current Liabilities232.7K413.0K847.2K538.9K242.2K348.0K
Total Stockholder Equity15.2M25.9M33.2M37.7M3.2M3.1M
Property Plant And Equipment Net5.8K54.9K64.9K554.1K3.0M2.9M
Net Debt230.0K(3.9M)(4.9M)(733.9K)(428.8K)(450.2K)
Retained Earnings(6.0M)(7.0M)(7.9M)(8.8M)(42.4M)(40.3M)
Accounts Payable48.4K323.4K109.8K225.2K61.3K95.9K
Cash171.4K3.9M4.9M733.9K428.8K407.4K
Non Current Assets Total15.9M22.3M29.0M37.4M3.0M2.9M
Cash And Short Term Investments171.4K3.9M4.9M733.9K428.8K407.4K
Net Receivables10.7K16.6K24.3K60.1K16.6K28.9K
Common Stock Shares Outstanding381.2M691.4M1.0B1.5B1.6B1.7B
Liabilities And Stockholders Equity16.1M26.6M34.3M38.2M3.5M3.3M
Total Liab896.6K675.5K1.1M551.4K254.7K242.0K
Property Plant And Equipment Gross15.9M22.4M29.1M37.6M3.4M3.2M
Total Current Assets188K4.2M5.3M813.3K470.0K446.5K
Common Stock20.4M31.4M40.0M43.7M44.3M23.5M
Property Plant Equipment15.9M22.3M29.0M37.4M43.0M45.2M
Non Currrent Assets Other15.9M22.3M28.9M36.9M42.4M44.5M
Non Current Liabilities Total663.9K262.5K262.5K12.5K11.3K10.7K
Inventory(11.3K)(10.7K)(16.6K)(40.7K)(16.6K)(17.4K)
Other Current Assets16.6K311.7K423.1K79.4K24.6K23.4K
Net Tangible Assets15.2M25.9M33.2M37.7M43.3M21.9M
Other Stockholder Equity(14.4M)(24.5M)(32.1M)(34.9M)(31.4M)(29.8M)
Cash And Equivalents165.8K131.1K171.4K3.9M4.5M4.7M
Net Invested Capital15.6M25.9M33.2M37.7M3.2M3.1M
Net Working Capital(44.7K)3.8M4.5M274.4K227.8K216.4K
Capital Stock20.4M31.4M40.0M43.7M44.3M36.6M

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