Ningbo Change In Working Capital vs Depreciation Analysis

300998 Stock

22.04 0.52 2.30%

Ningbo Fangzheng financial indicator trend analysis is infinitely more than just investigating Ningbo Fangzheng Aut recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Fangzheng Aut is a good investment. Please check the relationship between Ningbo Fangzheng Change In Working Capital and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Fangzheng Automobile. 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.

Change In Working Capital vs Depreciation

Change In Working Capital vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Fangzheng Aut Change In Working Capital account and Depreciation. At this time, the significance of the direction appears to have pay attention.

The correlation between Ningbo Fangzheng's Change In Working Capital and Depreciation is -0.75. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Depreciation in the same time period over historical financial statements of Ningbo Fangzheng Automobile, assuming nothing else is changed. The correlation between historical values of Ningbo Fangzheng's Change In Working Capital and Depreciation 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 Ningbo Fangzheng Automobile are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change In Working Capital i.e., Ningbo Fangzheng's Change In Working Capital and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.75

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

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.

Depreciation

Depreciation indicates how much of Ningbo Fangzheng Aut value has been used up. For tax purposes Ningbo Fangzheng can deduct the cost of the tangible assets it purchases as business expenses. However, Ningbo Fangzheng Automobile must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Most indicators from Ningbo Fangzheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Fangzheng Aut 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 Ningbo Fangzheng Automobile. 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.

The current year's Selling General Administrative is expected to grow to about 33.7 M, whereas Tax Provision is projected to grow to (2.7 M).

	2022	2023	2024	2025 (projected)
Interest Expense	11.5M	15.0M	19.9M	14.0M
Depreciation And Amortization	59.0M	66.1M	68.5M	51.6M

Interest Expense Depreciation And Amortization

Ningbo Fangzheng fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Stockholder Equity	Long Term Debt
Total Assets		0.93	0.38	0.94	0.91	0.94	0.57	-0.49	0.2	0.74	0.82	0.96	0.76	0.86	0.91	0.83	0.84	0.76	-0.59	0.96	1.0	0.9	0.85	0.91	0.89	0.93
Short Long Term Debt Total	0.93		0.14	0.86	0.84	0.88	0.48	-0.3	0.37	0.85	0.74	0.89	0.63	0.78	0.87	0.8	0.81	0.72	-0.4	0.9	0.93	0.99	0.78	0.84	0.81	0.94
Other Current Liab	0.38	0.14		0.56	0.47	0.41	0.11	-0.81	-0.47	-0.08	0.62	0.44	0.77	0.58	0.45	0.22	0.53	0.24	-0.41	0.48	0.36	0.15	0.33	0.29	0.52	0.38
Total Current Liabilities	0.94	0.86	0.56		0.85	0.95	0.57	-0.62	0.04	0.7	0.84	0.97	0.81	0.82	0.86	0.82	0.86	0.78	-0.57	0.99	0.92	0.83	0.82	0.86	0.83	0.89
Total Stockholder Equity	0.91	0.84	0.47	0.85		0.86	0.57	-0.6	0.23	0.68	0.93	0.88	0.87	0.96	0.99	0.8	0.94	0.75	-0.62	0.86	0.91	0.81	0.83	0.86	0.98	0.85
Property Plant And Equipment Net	0.94	0.88	0.41	0.95	0.86		0.65	-0.49	0.18	0.75	0.78	0.99	0.7	0.77	0.85	0.95	0.84	0.88	-0.63	0.96	0.9	0.84	0.87	0.95	0.8	0.83
Current Deferred Revenue	0.57	0.48	0.11	0.57	0.57	0.65		-0.18	0.2	0.59	0.4	0.62	0.31	0.39	0.56	0.78	0.49	0.84	-0.6	0.55	0.54	0.39	0.74	0.75	0.44	0.32
Net Debt	-0.49	-0.3	-0.81	-0.62	-0.6	-0.49	-0.18		0.18	-0.25	-0.81	-0.52	-0.88	-0.73	-0.58	-0.32	-0.71	-0.3	0.33	-0.58	-0.48	-0.28	-0.29	-0.35	-0.67	-0.48
Retained Earnings	0.2	0.37	-0.47	0.04	0.23	0.18	0.2	0.18		0.46	0.13	0.15	-0.01	0.14	0.25	0.31	0.21	0.16	0.35	0.12	0.21	0.34	-0.02	0.2	0.17	0.17
Accounts Payable	0.74	0.85	-0.08	0.7	0.68	0.75	0.59	-0.25	0.46		0.63	0.73	0.44	0.61	0.72	0.76	0.72	0.66	-0.24	0.75	0.73	0.84	0.62	0.67	0.63	0.7
Cash	0.82	0.74	0.62	0.84	0.93	0.78	0.4	-0.81	0.13	0.63		0.8	0.97	0.97	0.94	0.66	0.98	0.61	-0.47	0.83	0.81	0.73	0.66	0.69	0.96	0.83
Non Current Assets Total	0.96	0.89	0.44	0.97	0.88	0.99	0.62	-0.52	0.15	0.73	0.8		0.74	0.8	0.87	0.92	0.85	0.85	-0.64	0.98	0.93	0.85	0.88	0.94	0.83	0.87
Non Currrent Assets Other	0.76	0.63	0.77	0.81	0.87	0.7	0.31	-0.88	-0.01	0.44	0.97	0.74		0.94	0.87	0.55	0.91	0.52	-0.47	0.79	0.75	0.61	0.59	0.62	0.91	0.78
Cash And Short Term Investments	0.86	0.78	0.58	0.82	0.96	0.77	0.39	-0.73	0.14	0.61	0.97	0.8	0.94		0.96	0.64	0.93	0.57	-0.51	0.82	0.87	0.77	0.7	0.72	0.99	0.86
Net Receivables	0.91	0.87	0.45	0.86	0.99	0.85	0.56	-0.58	0.25	0.72	0.94	0.87	0.87	0.96		0.79	0.96	0.74	-0.57	0.87	0.91	0.85	0.82	0.84	0.98	0.88
Common Stock Shares Outstanding	0.83	0.8	0.22	0.82	0.8	0.95	0.78	-0.32	0.31	0.76	0.66	0.92	0.55	0.64	0.79		0.77	0.95	-0.65	0.83	0.79	0.75	0.87	0.95	0.7	0.67
Non Current Liabilities Total	0.84	0.81	0.53	0.86	0.94	0.84	0.49	-0.71	0.21	0.72	0.98	0.85	0.91	0.93	0.96	0.77		0.72	-0.49	0.86	0.82	0.79	0.73	0.77	0.93	0.84
Inventory	0.76	0.72	0.24	0.78	0.75	0.88	0.84	-0.3	0.16	0.66	0.61	0.85	0.52	0.57	0.74	0.95	0.72		-0.75	0.77	0.71	0.64	0.91	0.94	0.63	0.6
Other Current Assets	-0.59	-0.4	-0.41	-0.57	-0.62	-0.63	-0.6	0.33	0.35	-0.24	-0.47	-0.64	-0.47	-0.51	-0.57	-0.65	-0.49	-0.75		-0.53	-0.56	-0.33	-0.84	-0.76	-0.57	-0.41
Total Liab	0.96	0.9	0.48	0.99	0.86	0.96	0.55	-0.58	0.12	0.75	0.83	0.98	0.79	0.82	0.87	0.83	0.86	0.77	-0.53		0.94	0.88	0.81	0.87	0.83	0.92
Total Current Assets	1.0	0.93	0.36	0.92	0.91	0.9	0.54	-0.48	0.21	0.73	0.81	0.93	0.75	0.87	0.91	0.79	0.82	0.71	-0.56	0.94		0.9	0.83	0.88	0.9	0.94
Short Term Debt	0.9	0.99	0.15	0.83	0.81	0.84	0.39	-0.28	0.34	0.84	0.73	0.85	0.61	0.77	0.85	0.75	0.79	0.64	-0.33	0.88	0.9		0.73	0.77	0.79	0.94
Intangible Assets	0.85	0.78	0.33	0.82	0.83	0.87	0.74	-0.29	-0.02	0.62	0.66	0.88	0.59	0.7	0.82	0.87	0.73	0.91	-0.84	0.81	0.83	0.73		0.94	0.76	0.73
Common Stock	0.91	0.84	0.29	0.86	0.86	0.95	0.75	-0.35	0.2	0.67	0.69	0.94	0.62	0.72	0.84	0.95	0.77	0.94	-0.76	0.87	0.88	0.77	0.94		0.78	0.76
Other Stockholder Equity	0.89	0.81	0.52	0.83	0.98	0.8	0.44	-0.67	0.17	0.63	0.96	0.83	0.91	0.99	0.98	0.7	0.93	0.63	-0.57	0.83	0.9	0.79	0.76	0.78		0.87
Long Term Debt	0.93	0.94	0.38	0.89	0.85	0.83	0.32	-0.48	0.17	0.7	0.83	0.87	0.78	0.86	0.88	0.67	0.84	0.6	-0.41	0.92	0.94	0.94	0.73	0.76	0.87

Click cells to compare fundamentals

Ningbo Fangzheng Account Relationship Matchups

Ningbo Fangzheng fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.1B	1.2B	1.4B	2.4B	2.9B	1.5B
Short Long Term Debt Total	136.9M	144.9M	305.9M	341.1M	402.2M	208.6M
Other Current Liab	198.8M	52.3M	54.6M	213.1M	383.9M	403.1M
Total Current Liabilities	620.3M	552.5M	656.2M	743.7M	1.0B	716.6M
Total Stockholder Equity	415.9M	552.5M	559.4M	1.3B	1.3B	1.3B
Property Plant And Equipment Net	371.9M	351.4M	390.9M	466.8M	686.1M	416.3M
Current Deferred Revenue	40.0M	156.6M	120.0M	87.1M	100.2M	88.4M
Net Debt	74.4M	19.9M	180.5M	39.6M	(224.0M)	(212.8M)
Retained Earnings	147.5M	159.5M	164.2M	141.3M	118.4M	126.0M
Accounts Payable	314.7M	310.0M	346.7M	319.3M	420.4M	310.0M
Cash	62.5M	125.0M	125.5M	380.3M	626.2M	657.5M
Non Current Assets Total	461.3M	449.2M	508.7M	654.1M	923.3M	550.1M
Non Currrent Assets Other	6.2M	14.4M	14.5M	67.3M	116.4M	122.2M
Cash And Short Term Investments	70.5M	125.0M	125.5M	838.1M	886.7M	931.0M
Net Receivables	178.9M	192.6M	307.4M	558.5M	564.2M	592.4M
Liabilities And Stockholders Equity	1.1B	1.2B	1.4B	2.4B	2.9B	1.5B
Non Current Liabilities Total	74.2M	86.2M	152.6M	199.2M	356.9M	374.8M
Inventory	377.9M	409.5M	429.0M	361.7M	454.6M	396.1M
Other Current Assets	36.0M	16.1M	36.3M	12.2M	21.7M	19.7M
Total Liab	694.5M	638.6M	808.8M	943.0M	1.4B	843.2M
Total Current Assets	649.1M	741.8M	885.0M	1.8B	1.9B	963.9M
Accumulated Other Comprehensive Income	46.4M	30.4M	32.6M	34.8M	40.0M	25.0M
Short Term Debt	100.2M	84.1M	183.6M	203.7M	232.5M	138.7M
Intangible Assets	62.7M	61.7M	75.5M	90.5M	85.4M	72.9M
Other Stockholder Equity	142.2M	286.6M	288.9M	1.0B	993.0M	1.0B
Long Term Debt	18.3M	27.1M	94.7M	131.9M	164.5M	86.3M
Net Invested Capital	534.4M	663.6M	837.6M	1.7B	1.7B	1.1B
Short Long Term Debt	100.2M	84.1M	183.6M	203.7M	232.5M	169.1M
Non Current Liabilities Other	22.8M	19.8M	20.8M	31.2M	28.2M	26.2M
Net Working Capital	28.0M	189.4M	228.8M	1.0B	881.8M	925.9M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

PRNEX	T Rowe Price
RPBAX	T Rowe Price
PRDGX	T Rowe Price

Other Information on Investing in Ningbo Stock

Balance Sheet is a snapshot of the financial position of Ningbo Fangzheng Aut at a specified time, usually calculated after every quarter, six months, or one year. Ningbo Fangzheng Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo Fangzheng 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 Ningbo currently owns. An asset can also be divided into two categories, current and non-current.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC

Ningbo Change In Working Capital vs Depreciation Analysis

Change In Working Capital vs Depreciation

Change In Working Capital vs Depreciation Correlation Analysis

Correlation Coefficient

Change In Working Capital

Depreciation

Ningbo Fangzheng fundamental ratios Correlations

Ningbo Fangzheng Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningbo Fangzheng fundamental ratios Accounts

Also Currently Popular

Other Information on Investing in Ningbo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Short Term Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Total Current Liabilities
Net Receivables	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Other Stockholder Equity	+ 0.99	Cash And Short Term Investments

Non Currrent Assets Other	- 0.88	Net Debt
Intangible Assets	- 0.84	Other Current Assets
Cash	- 0.81	Net Debt
Net Debt	- 0.81	Other Current Liab
Common Stock	- 0.76	Other Current Assets
Other Current Assets	- 0.75	Inventory