Elite Historical Cash Flow
| EEIQ Stock | USD 1.04 0.01 0.95% |
Analysis of Elite Education cash flow over time is an excellent tool to project Elite Education Group future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Capital Expenditures of 12.2 K or Change To Account Receivables of 262.5 K as it is a great indicator of Elite Education ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Elite Education Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Elite Education Group is a good buy for the upcoming year.
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About Elite Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Elite balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Elite's non-liquid assets can be easily converted into cash.
Elite Education Cash Flow Chart
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Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Capital Expenditures
Capital Expenditures are funds used by Elite Education Group to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Elite Education operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Most accounts from Elite Education's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Elite Education Group current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 Elite Education Group. 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. At this time, Elite Education's Depreciation is relatively stable compared to the past year. As of 12/12/2024, Change To Account Receivables is likely to grow to about 262.5 K, though Other Cashflows From Financing Activities is likely to grow to (750.4 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Capital Expenditures | 51.4K | 14.2K | 12.8K | 12.2K | Depreciation | 252.1K | 407.0K | 468.1K | 491.5K |
Elite Education cash flow statement Correlations
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Elite Education Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Elite Education cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (864.6K) | 9.1M | (5.1M) | (6.1M) | (5.5M) | (5.2M) | |
| Total Cashflows From Investing Activities | (203.2K) | (288.6K) | (514.5K) | (651.5K) | (586.3K) | (615.6K) | |
| Other Cashflows From Financing Activities | (432.0K) | (514.5K) | (651.5K) | (877.6K) | (789.9K) | (750.4K) | |
| Depreciation | 87.6K | 126.2K | 252.1K | 407.0K | 468.1K | 491.5K | |
| Capital Expenditures | 288.6K | 618.5K | 51.4K | 14.2K | 12.8K | 12.2K | |
| Total Cash From Operating Activities | (144.0K) | 322.2K | (4.6M) | (5.3M) | (4.7M) | (4.5M) | |
| Change To Account Receivables | 89.5K | (5.2K) | 118.6K | 217.4K | 250.0K | 262.5K | |
| Change To Operating Activities | 162.5K | 2.0M | (81.9K) | (21.2K) | (24.4K) | (25.6K) | |
| Net Income | 1.0M | (1.1M) | (6.2M) | (7.2M) | (6.5M) | (6.1M) | |
| Total Cash From Financing Activities | (432.0K) | 9.3M | 200K | (1.3M) | (1.4M) | (1.4M) | |
| End Period Cash Flow | 7.4M | 16.5M | 11.4M | 5.3M | 6.1M | 8.6M | |
| Change To Netincome | 669.9K | 96.7K | (230.4K) | 3.7M | 4.3M | 4.5M | |
| Change To Liabilities | 2.1M | (2.7M) | 2.1M | (2.6M) | (2.3M) | (2.2M) | |
| Change To Inventory | 348.5K | (1.1M) | 1.3M | (21.2K) | (24.3K) | (25.6K) | |
| Investments | (288.6K) | (514.5K) | (651.5K) | (877.6K) | (789.9K) | (829.4K) | |
| Free Cash Flow | (432.6K) | (296.3K) | (4.7M) | (5.3M) | (4.7M) | (4.5M) | |
| Change In Working Capital | (1.2M) | 1.5M | (2.5M) | (943.4K) | (849.1K) | (806.6K) | |
| Begin Period Cash Flow | 8.3M | 7.4M | 16.5M | 11.4M | 13.2M | 9.1M | |
| Stock Based Compensation | 0.0 | (4K) | 4.8M | 2.2M | 2.5M | 1.6M | |
| Other Non Cash Items | (459.9K) | 94.7K | (838.7K) | 14.0K | 16.1K | 17.0K |
Pair Trading with Elite Education
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elite Education position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elite Education will appreciate offsetting losses from the drop in the long position's value.Moving against Elite Stock
| 0.68 | VSTA | Vasta Platform | PairCorr |
| 0.64 | GSUN | Golden Sun Education | PairCorr |
| 0.63 | WAFU | Wah Fu Education | PairCorr |
| 0.57 | YQ | 17 Education Technology | PairCorr |
| 0.55 | GOTU | Gaotu Techedu DRC | PairCorr |
The ability to find closely correlated positions to Elite Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elite Education when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Elite Education - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Elite Education Group to buy it.
The correlation of Elite Education is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elite Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elite Education Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Elite Education can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Elite Stock Analysis
When running Elite Education's price analysis, check to measure Elite Education's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elite Education is operating at the current time. Most of Elite Education's value examination focuses on studying past and present price action to predict the probability of Elite Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Education's price. Additionally, you may evaluate how the addition of Elite Education to your portfolios can decrease your overall portfolio volatility.