ITP Historical Cash Flow
| ITP Stock | USD 0.23 0.01 4.17% |
Analysis of IT Tech cash flow over time is an excellent tool to project IT Tech Packaging 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 21.1 M or Total Cash From Operating Activities of 11.5 M as it is a great indicator of IT Tech ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining IT Tech Packaging 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 IT Tech Packaging is a good buy for the upcoming year.
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About ITP Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in ITP 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 ITP's non-liquid assets can be easily converted into cash.
IT Tech Cash Flow Chart
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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 IT Tech's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into IT Tech Packaging 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IT Tech Packaging. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, IT Tech's Cash Flows Other Operating is relatively stable compared to the past year.
IT Tech cash flow statement Correlations
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IT Tech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
IT Tech cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (6.3M) | (1.7M) | 7.1M | (1.7M) | (5.1M) | (4.9M) | |
| Free Cash Flow | 1.1M | (5.0M) | (27.5M) | (179.1K) | (9.4M) | (9.0M) | |
| Change In Working Capital | (7.7M) | 6.6M | (15.6M) | 2.7M | 7.6M | 8.0M | |
| Other Non Cash Items | 77.9K | 398.0K | (5.8M) | (604.5K) | 999.5K | 1.0M | |
| Capital Expenditures | 6.4M | 21.1M | 25.1M | 10.9M | 22.3M | 21.1M | |
| Total Cash From Operating Activities | 7.5M | 16.1M | (2.4M) | 10.7M | 12.9M | 11.5M | |
| Net Income | 2.2M | (5.6M) | 905.5K | (16.6M) | (9.9M) | (9.4M) | |
| Total Cash From Financing Activities | (5.8M) | 2.1M | 34.2M | (879.6K) | 4.4M | 4.4M | |
| End Period Cash Flow | 5.8M | 4.1M | 11.2M | 9.5M | 4.4M | 5.9M | |
| Change To Inventory | 1.2M | 458.9K | (4.5M) | 2.6M | 3.0K | 2.8K | |
| Begin Period Cash Flow | 12.1M | 5.8M | 4.1M | 11.2M | 9.5M | 6.3M | |
| Other Cashflows From Financing Activities | 14.4M | (20.5M) | (25.1M) | (10.9M) | (22.2M) | (21.1M) | |
| Depreciation | 15.3M | 15.8M | 15.4M | 14.8M | 14.2M | 10.9M | |
| Change To Account Receivables | (294.9K) | 923.4K | (2.4M) | 3.8M | 281.0K | 295.0K | |
| Change To Netincome | (2.4M) | (709.9K) | (3.1M) | 9.8M | 11.3M | 11.8M | |
| Change To Liabilities | 303.3K | 307.2K | (589.4K) | (4.5K) | (5.2K) | (4.9K) | |
| Change Receivables | 2.3M | (1.2M) | (294.9K) | 923.4K | 1.1M | 1.1M | |
| Net Borrowings | (10.0M) | (218.5K) | (7.6M) | (4.9K) | (4.4K) | (4.6K) | |
| Stock Based Compensation | 1.2M | 1.3M | 14.7K | 156K | (1.4M) | (1.3M) | |
| Total Cashflows From Investing Activities | (7.9M) | (20.5M) | (25.1M) | (10.9M) | (12.5M) | (13.2M) | |
| Exchange Rate Changes | 358.0K | (1.3M) | (170.8K) | 632.3K | 569.1K | 597.5K | |
| Cash And Cash Equivalents Changes | 563.1K | 3.1M | (6.3M) | (1.7M) | (1.9M) | (2.0M) | |
| Cash Flows Other Operating | 3.6M | (8.0M) | (8.8M) | 5.3M | 4.8M | 5.0M | |
| Change To Operating Activities | (9.4M) | 6.1M | (8.9M) | (3.0M) | (2.7M) | (2.8M) | |
| Investments | (7.9M) | (20.5M) | (25.1M) | (10.9M) | (11.9M) | (12.5M) |
Pair Trading with IT Tech
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 IT Tech 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 IT Tech will appreciate offsetting losses from the drop in the long position's value.Moving against ITP Stock
The ability to find closely correlated positions to IT Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IT Tech 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 IT Tech - 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 IT Tech Packaging to buy it.
The correlation of IT Tech 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 IT Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IT Tech Packaging 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 IT Tech 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 ITP Stock Analysis
When running IT Tech's price analysis, check to measure IT Tech'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 IT Tech is operating at the current time. Most of IT Tech's value examination focuses on studying past and present price action to predict the probability of IT Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IT Tech's price. Additionally, you may evaluate how the addition of IT Tech to your portfolios can decrease your overall portfolio volatility.