Hitek Historical Cash Flow
| HKIT Stock | 1.40 0.03 2.19% |
Analysis of Hitek Global cash flow over time is an excellent tool to project Hitek Global Ordinary 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 Free Cash Flow of 1 M or Change In Working Capital of 525.2 K as it is a great indicator of Hitek Global ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Hitek Global Ordinary 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 Hitek Global Ordinary is a good buy for the upcoming year.
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About Hitek Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Hitek 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 Hitek's non-liquid assets can be easily converted into cash.
Hitek Global 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Hitek Global Ordinary financial statement analysis. It represents the amount of money remaining after all of Hitek Global Ordinary operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Hitek Global's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Hitek Global Ordinary 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 Hitek Global Ordinary. 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, Hitek Global's Change To Account Receivables is comparatively stable compared to the past year. Change To Operating Activities is likely to gain to about 965.4 K in 2024, despite the fact that Other Non Cash Items is likely to grow to (1.6 M).
Hitek Global cash flow statement Correlations
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Hitek Global Account Relationship Matchups
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Hitek Global cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (378.0K) | 397.6K | (276.7K) | (57.9K) | 667.1K | 700.4K | |
| Change In Cash | 36.6K | 1.1M | 229.8K | (888.1K) | 8.1M | 8.5M | |
| Free Cash Flow | 43.3K | 1.5M | (240.2K) | (1.8M) | 958.7K | 1.0M | |
| Change In Working Capital | (2.5M) | (244.2K) | (2.3M) | 2.2M | 500.2K | 525.2K | |
| Begin Period Cash Flow | 739.6K | 776.2K | 1.9M | 2.1M | 1.2M | 1.2M | |
| Depreciation | 379.9K | 378.6K | 355.7K | 21.9K | 53.8K | 51.1K | |
| Other Non Cash Items | (195.0K) | (6.5K) | (6.5K) | (6.6K) | (1.7M) | (1.6M) | |
| Capital Expenditures | 0.0 | 430.3K | 25.6K | 5.6M | 676.0K | 1.1M | |
| Total Cash From Operating Activities | 43.3K | 1.9M | (214.6K) | 3.8M | 1.6M | 1.2M | |
| Change To Account Receivables | (2.3M) | 1.1M | (521.9K) | (2.0M) | 957.7K | 1.0M | |
| Change To Operating Activities | (123.2K) | (380.1K) | (1.0M) | 799.5K | 919.4K | 965.4K | |
| Net Income | 2.0M | 1.7M | 1.7M | 1.4M | 1.0M | 1.4M | |
| End Period Cash Flow | 776.2K | 1.9M | 2.1M | 1.2M | 9.3M | 9.8M | |
| Change To Netincome | 531.7K | 111.7K | 109.6K | 101.7K | 91.5K | 86.9K | |
| Change To Liabilities | (181.9K) | (51.0K) | 113.6K | 139.5K | 160.4K | 168.5K |
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Additional Tools for Hitek Stock Analysis
When running Hitek Global's price analysis, check to measure Hitek Global'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 Hitek Global is operating at the current time. Most of Hitek Global's value examination focuses on studying past and present price action to predict the probability of Hitek Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hitek Global's price. Additionally, you may evaluate how the addition of Hitek Global to your portfolios can decrease your overall portfolio volatility.