Chardan Free Cash Flow vs Change To Account Receivables Analysis

DFLIW Stock  USD 0.02  0  5.56%   
Chardan NexTech financial indicator trend analysis is way more than just evaluating Chardan NexTech Acqu prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chardan NexTech Acqu is a good investment. Please check the relationship between Chardan NexTech Free Cash Flow and its Change To Account Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Chardan NexTech Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Free Cash Flow vs Change To Account Receivables

Free Cash Flow vs Change To Account Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chardan NexTech Acqu Free Cash Flow account and Change To Account Receivables. At this time, the significance of the direction appears to have pay attention.
The correlation between Chardan NexTech's Free Cash Flow and Change To Account Receivables is -0.76. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change To Account Receivables in the same time period over historical financial statements of Chardan NexTech Acquisition, assuming nothing else is changed. The correlation between historical values of Chardan NexTech's Free Cash Flow and Change To Account Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Chardan NexTech Acquisition are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Free Cash Flow i.e., Chardan NexTech's Free Cash Flow and Change To Account Receivables go up and down completely randomly.

Correlation Coefficient

-0.76
Relationship DirectionNegative 
Relationship StrengthWeak

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change To Account Receivables

Most indicators from Chardan NexTech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chardan NexTech Acqu 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Chardan NexTech Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Sales General And Administrative To Revenue is likely to climb to 0.43 in 2024, whereas Tax Provision is likely to drop slightly above 755.8 K in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit29.6M24.0M15.4M17.9M
Total Revenue78M86.3M64.4M75.9M

Chardan NexTech fundamental ratios Correlations

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Chardan NexTech Account Relationship Matchups

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