Zangge Selling General Administrative vs Other Operating Expenses Analysis

000408 Stock   28.13  0.38  1.37%   
Zangge Holding financial indicator trend analysis is more than just analyzing Zangge Holding current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zangge Holding is a good investment. Please check the relationship between Zangge Holding Selling General Administrative and its Other Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zangge Holding Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative vs Other Operating Expenses

Selling General Administrative vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zangge Holding Selling General Administrative account and Other Operating Expenses. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Zangge Holding's Selling General Administrative and Other Operating Expenses is -0.08. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Zangge Holding Co, assuming nothing else is changed. The correlation between historical values of Zangge Holding's Selling General Administrative and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Zangge Holding Co are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Selling General Administrative i.e., Zangge Holding's Selling General Administrative and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.08
Relationship DirectionNegative 
Relationship StrengthInsignificant

Selling General Administrative

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Zangge Holding. It is also known as Zangge Holding overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Zangge Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zangge Holding 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 Zangge Holding Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
The current year's Selling General Administrative is expected to grow to about 161.8 M, whereas Tax Provision is forecasted to decline to about 345.9 M.
 2021 2022 2023 2024 (projected)
Operating Income1.6B5.9B2.8B2.9B
Total Revenue3.6B8.2B5.2B5.5B

Zangge Holding fundamental ratios Correlations

0.350.640.990.920.640.740.89-0.780.170.910.170.560.770.850.88-0.070.910.90.720.710.730.820.740.820.73
0.350.50.320.310.310.420.17-0.290.210.440.070.410.540.360.330.070.390.370.04-0.290.230.450.40.28-0.04
0.640.50.550.390.90.340.42-0.440.580.610.350.980.880.810.830.080.470.590.110.130.430.580.450.330.1
0.990.320.550.950.570.750.9-0.780.110.910.150.470.720.810.84-0.090.930.890.760.740.730.810.750.850.77
0.920.310.390.950.40.760.94-0.62-0.090.82-0.020.290.530.620.65-0.080.910.760.870.760.70.720.730.90.86
0.640.310.90.570.40.220.38-0.50.480.680.310.860.810.810.84-0.030.530.630.10.290.520.460.590.440.12
0.740.420.340.750.760.220.78-0.48-0.230.61-0.070.270.520.510.52-0.010.730.610.760.520.230.740.320.610.66
0.890.170.420.90.940.380.78-0.53-0.130.69-0.020.350.530.60.64-0.060.830.650.920.820.570.670.570.820.9
-0.78-0.29-0.44-0.78-0.62-0.5-0.48-0.53-0.29-0.77-0.39-0.34-0.64-0.68-0.730.43-0.76-0.85-0.41-0.47-0.66-0.72-0.68-0.62-0.44
0.170.210.580.11-0.090.48-0.23-0.13-0.290.190.610.610.470.450.450.20.060.37-0.38-0.20.380.40.21-0.15-0.33
0.910.440.610.910.820.680.610.69-0.770.190.260.510.770.860.87-0.080.850.910.50.530.690.740.770.730.51
0.170.070.350.15-0.020.31-0.07-0.02-0.390.610.260.310.40.410.38-0.10.120.41-0.28-0.110.170.440.09-0.16-0.28
0.560.410.980.470.290.860.270.35-0.340.610.510.310.840.770.790.140.360.490.060.10.390.510.350.220.05
0.770.540.880.720.530.810.520.53-0.640.470.770.40.840.930.920.070.690.790.220.30.50.690.570.490.24
0.850.360.810.810.620.810.510.6-0.680.450.860.410.770.930.990.170.690.890.290.430.550.710.560.50.34
0.880.330.830.840.650.840.520.64-0.730.450.870.380.790.920.990.060.720.890.350.480.610.730.610.550.39
-0.070.070.08-0.09-0.08-0.03-0.01-0.060.430.2-0.08-0.10.140.070.170.06-0.210.01-0.19-0.14-0.27-0.08-0.3-0.25-0.1
0.910.390.470.930.910.530.730.83-0.760.060.850.120.360.690.690.72-0.210.840.720.720.760.770.860.930.71
0.90.370.590.890.760.630.610.65-0.850.370.910.410.490.790.890.890.010.840.430.530.670.840.690.650.46
0.720.040.110.760.870.10.760.92-0.41-0.380.5-0.280.060.220.290.35-0.190.720.430.830.450.510.450.80.97
0.71-0.290.130.740.760.290.520.82-0.47-0.20.53-0.110.10.30.430.48-0.140.720.530.830.530.410.520.780.88
0.730.230.430.730.70.520.230.57-0.660.380.690.170.390.50.550.61-0.270.760.670.450.530.610.930.730.48
0.820.450.580.810.720.460.740.67-0.720.40.740.440.510.690.710.73-0.080.770.840.510.410.610.550.520.43
0.740.40.450.750.730.590.320.57-0.680.210.770.090.350.570.560.61-0.30.860.690.450.520.930.550.850.48
0.820.280.330.850.90.440.610.82-0.62-0.150.73-0.160.220.490.50.55-0.250.930.650.80.780.730.520.850.82
0.73-0.040.10.770.860.120.660.9-0.44-0.330.51-0.280.050.240.340.39-0.10.710.460.970.880.480.430.480.82
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Zangge Holding Account Relationship Matchups

Zangge Holding fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.6B8.7B10.6B13.5B14.1B14.8B
Other Current Liab386.4M324.7M722.1M887.8M12.6M12.0M
Total Current Liabilities1.7B734.5M1.1B1.4B935.6M815.4M
Total Stockholder Equity7.8B7.9B9.5B12.1B13.1B13.7B
Retained Earnings4.6B4.8B6.2B8.9B8.8B9.2B
Accounts Payable578.5M313.0M229.7M273.1M355.2M194.3M
Cash82.1M461.7M799.6M2.8B1.6B1.7B
Other Assets89.8M86.3M145.9M234.7M269.9M283.4M
Net Receivables1.9B36.7M1.3B162.3M18.2M17.3M
Inventory511.3M599.4M466.1M564.6M498.0M522.9M
Other Current Assets239.5M223.9M48.6M103.6M15.6M14.8M
Total Liab1.7B760.5M1.2B1.4B1.0B904.0M
Intangible Assets309.2M283.3M370.4M354.8M328.1M165.1M
Property Plant Equipment3.9B3.6B3.2B3.1B3.6B3.8B
Other Liab31.0M26.1M50.2M20.4M23.5M39.4M
Net Tangible Assets7.6B7.6B9.1B11.8B13.5B7.9B
Other Stockholder Equity84.4M59.9M49.7M58.3M67.0M70.4M
Deferred Long Term Liab7.5M7.3M13.4M24.3M28.0M29.4M
Total Current Assets2.7B2.3B2.6B4.9B3.1B3.5B
Non Current Assets Total7.1B6.4B8.0B8.6B10.9B7.5B
Non Currrent Assets Other34.0M41.4M1.6B1.6B3.3B3.4B
Non Current Liabilities Total31.0M26.1M55.6M31.2M105.7M62.2M
Net Invested Capital8.3B7.9B9.5B12.1B13.1B10.3B
Net Working Capital996.2M1.6B1.5B3.5B2.2B2.3B

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Other Information on Investing in Zangge Stock

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