Hitek Other Current Assets from 2010 to 2024

HKIT Stock   1.39  0.03  2.21%   
Hitek Global Other Current Assets yearly trend continues to be comparatively stable with very little volatility. Other Current Assets will likely drop to about 23.5 K in 2024. Other Current Assets is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. View All Fundamentals
 
Other Current Assets  
First Reported
2010-12-31
Previous Quarter
24.8 K
Current Value
23.5 K
Quarterly Volatility
786 K
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Hitek Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hitek Global's main balance sheet or income statement drivers, such as Tax Provision of 490.7 K, Net Interest Income of 627.9 K or Depreciation And Amortization of 51.1 K, as well as many indicators such as Price To Sales Ratio of 2.9, Dividend Yield of 0.0 or PTB Ratio of 0.47. Hitek financial statements analysis is a perfect complement when working with Hitek Global Valuation or Volatility modules.
  
Check out the analysis of Hitek Global Correlation against competitors.

Latest Hitek Global's Other Current Assets Growth Pattern

Below is the plot of the Other Current Assets of Hitek Global Ordinary over the last few years. It is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. Hitek Global's Other Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hitek Global's overall financial position and show how it may be relating to other accounts over time.
Other Current Assets10 Years Trend
Slightly volatile
   Other Current Assets   
       Timeline  

Hitek Other Current Assets Regression Statistics

Arithmetic Mean1,510,227
Geometric Mean922,460
Coefficient Of Variation52.05
Mean Deviation675,969
Median1,989,553
Standard Deviation786,043
Sample Variance617.9B
Range2.2M
R-Value(0.71)
Mean Square Error327.6B
R-Squared0.51
Significance0
Slope(125,236)
Total Sum of Squares8.7T

Hitek Other Current Assets History

202423.5 K
202324.8 K
2022486.1 K
20212.2 M
20202.1 M
2019M
2018944.6 K

About Hitek Global Financial Statements

Hitek Global shareholders use historical fundamental indicators, such as Other Current Assets, to determine how well the company is positioned to perform in the future. Although Hitek Global investors may analyze each financial statement separately, they are all interrelated. The changes in Hitek Global's assets and liabilities, for example, are also reflected in the revenues and expenses on on Hitek Global's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Other Current Assets24.8 K23.5 K

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

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.