Shenzhen Good Will vs Intangible Assets Analysis

000027 Stock

6.63 0.11 1.69%

Shenzhen Energy financial indicator trend analysis is much more than just breaking down Shenzhen Energy Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Energy Group is a good investment. Please check the relationship between Shenzhen Energy Good Will and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Energy 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 nation.

Good Will vs Intangible Assets

Good Will vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Energy Group Good Will account and Intangible Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Shenzhen Energy's Good Will and Intangible Assets is 0.72. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Shenzhen Energy Group, assuming nothing else is changed. The correlation between historical values of Shenzhen Energy's Good Will and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Shenzhen Energy Group are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Good Will i.e., Shenzhen Energy's Good Will and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

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Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Most indicators from Shenzhen Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Energy Group 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 Shenzhen Energy 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 nation.

As of November 29, 2024, Selling General Administrative is expected to decline to about 405.4 M. In addition to that, Tax Provision is expected to decline to about 396.4 M

	2021	2022	2023	2024 (projected)
Operating Income	4.1B	4.7B	7.1B	7.4B
Total Revenue	31.6B	37.5B	40.5B	42.5B

Operating Income Total Revenue

Shenzhen Energy fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.63	0.94	0.98	0.68	0.85	0.9	0.96	0.98	0.89	0.31	0.37	-0.21	1.0	0.95	0.74	1.0	0.98	0.87	0.84	0.92	0.88	0.62	0.36	0.86	0.37
Other Current Liab	0.63		0.59	0.66	0.78	0.38	0.38	0.68	0.65	0.53	-0.02	0.39	0.25	0.64	0.53	0.74	0.66	0.63	0.63	0.63	0.53	0.67	0.31	0.19	0.52	0.15
Total Current Liabilities	0.94	0.59		0.9	0.71	0.9	0.8	0.92	0.9	0.9	0.32	0.4	-0.23	0.95	0.81	0.74	0.94	0.95	0.89	0.75	0.79	0.77	0.6	0.41	0.74	0.44
Total Stockholder Equity	0.98	0.66	0.9		0.71	0.83	0.91	0.93	0.94	0.81	0.33	0.43	-0.15	0.96	0.96	0.75	0.98	0.96	0.82	0.86	0.94	0.87	0.55	0.28	0.85	0.29
Retained Earnings	0.68	0.78	0.71	0.71		0.66	0.45	0.68	0.65	0.62	0.28	0.6	-0.11	0.68	0.55	0.93	0.67	0.71	0.79	0.61	0.47	0.73	0.17	0.37	0.52	0.29
Accounts Payable	0.85	0.38	0.9	0.83	0.66		0.79	0.77	0.8	0.84	0.34	0.62	-0.26	0.85	0.74	0.74	0.83	0.86	0.82	0.64	0.68	0.74	0.41	0.52	0.69	0.5
Cash	0.9	0.38	0.8	0.91	0.45	0.79		0.78	0.86	0.74	0.42	0.37	-0.23	0.88	0.95	0.57	0.89	0.87	0.65	0.78	0.93	0.76	0.68	0.3	0.85	0.28
Other Assets	0.96	0.68	0.92	0.93	0.68	0.77	0.78		0.96	0.85	0.2	0.21	-0.2	0.97	0.88	0.7	0.97	0.96	0.88	0.84	0.88	0.86	0.56	0.29	0.8	0.32
Long Term Debt	0.98	0.65	0.9	0.94	0.65	0.8	0.86	0.96		0.9	0.28	0.32	-0.2	0.99	0.93	0.72	0.99	0.96	0.89	0.8	0.89	0.88	0.63	0.38	0.84	0.39
Net Receivables	0.89	0.53	0.9	0.81	0.62	0.84	0.74	0.85	0.9		0.2	0.39	-0.2	0.91	0.76	0.65	0.88	0.86	0.83	0.66	0.73	0.75	0.64	0.45	0.77	0.45
Short Term Investments	0.31	-0.02	0.32	0.33	0.28	0.34	0.42	0.2	0.28	0.2		0.16	-0.3	0.3	0.32	0.32	0.26	0.38	0.34	0.19	0.25	0.09	0.24	-0.17	0.24	-0.18
Inventory	0.37	0.39	0.4	0.43	0.6	0.62	0.37	0.21	0.32	0.39	0.16		0.29	0.35	0.29	0.64	0.35	0.37	0.37	0.23	0.2	0.38	0.05	0.42	0.28	0.33
Other Current Assets	-0.21	0.25	-0.23	-0.15	-0.11	-0.26	-0.23	-0.2	-0.2	-0.2	-0.3	0.29		-0.22	-0.26	-0.1	-0.18	-0.25	-0.32	-0.22	-0.21	-0.26	-0.14	-0.33	-0.21	-0.28
Total Liab	1.0	0.64	0.95	0.96	0.68	0.85	0.88	0.97	0.99	0.91	0.3	0.35	-0.22		0.93	0.74	1.0	0.98	0.9	0.82	0.9	0.88	0.63	0.39	0.84	0.4
Intangible Assets	0.95	0.53	0.81	0.96	0.55	0.74	0.95	0.88	0.93	0.76	0.32	0.29	-0.26	0.93		0.62	0.94	0.9	0.72	0.86	0.98	0.85	0.63	0.26	0.89	0.25
Common Stock	0.74	0.74	0.74	0.75	0.93	0.74	0.57	0.7	0.72	0.65	0.32	0.64	-0.1	0.74	0.62		0.73	0.77	0.85	0.69	0.54	0.81	0.31	0.49	0.65	0.34
Property Plant Equipment	1.0	0.66	0.94	0.98	0.67	0.83	0.89	0.97	0.99	0.88	0.26	0.35	-0.18	1.0	0.94	0.73		0.98	0.87	0.84	0.92	0.88	0.63	0.36	0.85	0.38
Other Liab	0.98	0.63	0.95	0.96	0.71	0.86	0.87	0.96	0.96	0.86	0.38	0.37	-0.25	0.98	0.9	0.77	0.98		0.92	0.81	0.87	0.87	0.56	0.39	0.79	0.41
Good Will	0.87	0.63	0.89	0.82	0.79	0.82	0.65	0.88	0.89	0.83	0.34	0.37	-0.32	0.9	0.72	0.85	0.87	0.92		0.68	0.67	0.84	0.39	0.52	0.66	0.51
Net Tangible Assets	0.84	0.63	0.75	0.86	0.61	0.64	0.78	0.84	0.8	0.66	0.19	0.23	-0.22	0.82	0.86	0.69	0.84	0.81	0.68		0.9	0.87	0.55	0.15	0.94	0.02
Other Stockholder Equity	0.92	0.53	0.79	0.94	0.47	0.68	0.93	0.88	0.89	0.73	0.25	0.2	-0.21	0.9	0.98	0.54	0.92	0.87	0.67	0.9		0.82	0.63	0.15	0.9	0.15
Deferred Long Term Liab	0.88	0.67	0.77	0.87	0.73	0.74	0.76	0.86	0.88	0.75	0.09	0.38	-0.26	0.88	0.85	0.81	0.88	0.87	0.84	0.87	0.82		0.41	0.52	0.83	0.42
Long Term Investments	0.62	0.31	0.6	0.55	0.17	0.41	0.68	0.56	0.63	0.64	0.24	0.05	-0.14	0.63	0.63	0.31	0.63	0.56	0.39	0.55	0.63	0.41		0.23	0.68	0.16
Short Long Term Debt	0.36	0.19	0.41	0.28	0.37	0.52	0.3	0.29	0.38	0.45	-0.17	0.42	-0.33	0.39	0.26	0.49	0.36	0.39	0.52	0.15	0.15	0.52	0.23		0.19	0.92
Total Current Assets	0.86	0.52	0.74	0.85	0.52	0.69	0.85	0.8	0.84	0.77	0.24	0.28	-0.21	0.84	0.89	0.65	0.85	0.79	0.66	0.94	0.9	0.83	0.68	0.19		0.05
Short Term Debt	0.37	0.15	0.44	0.29	0.29	0.5	0.28	0.32	0.39	0.45	-0.18	0.33	-0.28	0.4	0.25	0.34	0.38	0.41	0.51	0.02	0.15	0.42	0.16	0.92	0.05

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Shenzhen Energy Account Relationship Matchups

Shenzhen Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	96.1B	114.1B	131.5B	141.3B	153.5B	161.1B
Other Current Liab	7.5B	9.8B	12.7B	4.6B	8.8B	5.0B
Total Current Liabilities	33.3B	22.8B	27.5B	31.3B	34.6B	36.3B
Total Stockholder Equity	30.1B	38.0B	45.3B	46.2B	46.7B	49.1B
Retained Earnings	12.9B	15.6B	15.9B	13.2B	13.8B	7.3B
Accounts Payable	2.7B	1.9B	2.4B	4.0B	3.2B	3.3B
Cash	4.1B	7.3B	10.1B	13.7B	16.6B	17.5B
Other Assets	5.7B	8.1B	8.4B	8.0B	9.1B	9.6B
Long Term Debt	25.1B	39.1B	43.0B	43.1B	50.7B	53.3B
Net Receivables	9.0B	6.8B	10.3B	12.9B	13.3B	14.0B
Short Term Investments	380.6M	971.5M	476.6M	1.1B	1.5B	1.5B
Inventory	944.0M	904.9M	1.6B	1.6B	1.4B	1.1B
Other Current Assets	1.3B	1.3B	2.4B	508.5M	998.2M	1.4B
Total Liab	62.5B	72.2B	81.9B	86.9B	97.6B	102.5B
Intangible Assets	5.1B	13.7B	16.6B	18.4B	20.4B	21.4B
Property Plant Equipment	41.4B	48.3B	55.1B	64.9B	74.6B	78.4B
Other Liab	1.7B	2.2B	2.2B	2.6B	3.0B	3.2B
Good Will	2.6B	2.7B	2.7B	2.9B	2.9B	2.5B
Net Tangible Assets	17.4B	22.4B	21.8B	26.2B	30.1B	21.1B
Other Stockholder Equity	4.7B	9.2B	13.7B	20.7B	23.9B	25.0B
Deferred Long Term Liab	209.0M	194.3M	326.7M	392.2M	451.0M	248.7M
Short Long Term Debt	1.5B	1.6B	1.7B	2.2B	3.4B	2.0B
Total Current Assets	19.6B	21.4B	26.7B	31.9B	35.6B	24.8B
Non Current Assets Total	76.6B	92.7B	104.8B	109.3B	117.9B	92.5B
Non Currrent Assets Other	6.1B	6.2B	5.5B	5.9B	5.7B	5.3B
Non Current Liabilities Total	29.3B	49.4B	54.4B	55.7B	63.0B	45.8B
Non Current Liabilities Other	577.4K	561.4M	530.1M	653.2M	892.1M	847.5M
Net Debt	22.5B	33.3B	34.5B	31.7B	37.5B	33.8B
Net Invested Capital	56.6B	78.6B	89.9B	91.5B	100.9B	82.9B
Net Working Capital	(13.7B)	(1.4B)	(835.1M)	670.1M	968.1M	1.0B

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

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Shenzhen Good Will vs Intangible Assets Analysis

Good Will vs Intangible Assets

Good Will vs Intangible Assets Correlation Analysis

Correlation Coefficient

Good Will

Intangible Assets

Shenzhen Energy fundamental ratios Correlations

Shenzhen Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen Energy fundamental ratios Accounts

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Other Information on Investing in Shenzhen Stock

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Total Liab	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Total Liab
Total Liab	+ 0.99	Long Term Debt
Property Plant Equipment	+ 0.99	Long Term Debt
Total Stockholder Equity	+ 0.98	Total Assets

Short Long Term Debt	- 0.33	Other Current Assets
Good Will	- 0.32	Other Current Assets
Other Current Assets	- 0.3	Short Term Investments
Short Term Debt	- 0.28	Other Current Assets
Deferred Long Term Liab	- 0.26	Other Current Assets
Intangible Assets	- 0.26	Other Current Assets