Huadong Total Current Liabilities vs Selling General Administrative Analysis

000963 Stock   36.10  0.09  0.25%   
Huadong Medicine financial indicator trend analysis is much more than just examining Huadong Medicine latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Huadong Medicine is a good investment. Please check the relationship between Huadong Medicine Total Current Liabilities and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Huadong Medicine 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 nation.

Total Current Liabilities vs Selling General Administrative

Total Current Liabilities vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Huadong Medicine Total Current Liabilities account and Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between Huadong Medicine's Total Current Liabilities and Selling General Administrative is 0.77. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Huadong Medicine Co, assuming nothing else is changed. The correlation between historical values of Huadong Medicine's Total Current Liabilities and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Huadong Medicine Co are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Liabilities i.e., Huadong Medicine's Total Current Liabilities and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Liabilities

Total Current Liabilities is an item on Huadong Medicine balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Huadong Medicine Co are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Selling General Administrative

Most indicators from Huadong Medicine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Huadong Medicine 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 Huadong Medicine 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 nation.
As of December 28, 2024, Selling General Administrative is expected to decline to about 2.8 B. In addition to that, Tax Provision is expected to decline to about 543.9 M
 2021 2022 2023 2024 (projected)
Operating Income3.0B3.3B3.8B4.0B
Total Revenue34.6B37.7B40.6B42.7B

Huadong Medicine fundamental ratios Correlations

0.30.960.990.930.980.970.980.940.930.890.940.170.960.970.950.990.260.940.91-0.750.90.840.950.840.91
0.30.340.260.170.230.320.270.190.450.370.490.870.360.150.320.280.250.220.44-0.130.280.550.360.510.3
0.960.340.920.850.920.970.920.880.950.810.930.260.990.90.90.950.30.870.82-0.70.820.760.860.760.83
0.990.260.920.940.990.930.980.950.90.90.910.10.910.970.960.990.180.960.93-0.770.920.860.970.850.92
0.930.170.850.940.950.850.910.940.790.830.80.010.850.980.90.910.150.980.82-0.670.860.750.90.750.92
0.980.230.920.990.950.910.960.980.860.870.880.060.910.980.960.990.120.970.91-0.790.890.840.950.80.94
0.970.320.970.930.850.910.950.850.970.840.960.270.980.910.890.930.410.860.84-0.660.850.740.890.810.81
0.980.270.920.980.910.960.950.930.920.870.920.120.930.940.910.960.30.90.91-0.690.880.830.940.840.87
0.940.190.880.950.940.980.850.930.780.780.79-0.020.860.960.890.950.070.950.86-0.780.820.820.90.710.93
0.930.450.950.90.790.860.970.920.780.870.990.370.960.830.890.90.40.810.85-0.610.850.780.870.860.76
0.890.370.810.90.830.870.840.870.780.870.910.20.810.840.940.880.250.850.89-0.740.920.830.910.880.8
0.940.490.930.910.80.880.960.920.790.990.910.40.940.840.910.910.390.830.89-0.670.880.830.90.90.79
0.170.870.260.10.010.060.270.12-0.020.370.20.40.310.020.150.130.490.070.240.070.120.290.190.360.13
0.960.360.990.910.850.910.980.930.860.960.810.940.310.90.880.930.420.860.81-0.650.810.740.860.770.82
0.970.150.90.970.980.980.910.940.960.830.840.840.020.90.930.960.180.980.85-0.720.870.750.930.760.93
0.950.320.90.960.90.960.890.910.890.890.940.910.150.880.930.960.080.950.91-0.820.940.870.930.870.9
0.990.280.950.990.910.990.930.960.950.90.880.910.130.930.960.960.130.950.91-0.810.890.860.940.820.92
0.260.250.30.180.150.120.410.30.070.40.250.390.490.420.180.080.130.070.150.130.150.040.220.240.05
0.940.220.870.960.980.970.860.90.950.810.850.830.070.860.980.950.950.070.86-0.760.890.810.920.80.95
0.910.440.820.930.820.910.840.910.860.850.890.890.240.810.850.910.910.150.86-0.70.940.920.980.940.92
-0.75-0.13-0.7-0.77-0.67-0.79-0.66-0.69-0.78-0.61-0.74-0.670.07-0.65-0.72-0.82-0.810.13-0.76-0.7-0.72-0.8-0.69-0.62-0.71
0.90.280.820.920.860.890.850.880.820.850.920.880.120.810.870.940.890.150.890.94-0.720.830.950.930.9
0.840.550.760.860.750.840.740.830.820.780.830.830.290.740.750.870.860.040.810.92-0.80.830.860.880.83
0.950.360.860.970.90.950.890.940.90.870.910.90.190.860.930.930.940.220.920.98-0.690.950.860.910.95
0.840.510.760.850.750.80.810.840.710.860.880.90.360.770.760.870.820.240.80.94-0.620.930.880.910.81
0.910.30.830.920.920.940.810.870.930.760.80.790.130.820.930.90.920.050.950.92-0.710.90.830.950.81
Click cells to compare fundamentals

Huadong Medicine Account Relationship Matchups

Huadong Medicine fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets21.5B24.2B27.0B31.2B33.5B35.2B
Other Current Liab1.4B1.8B2.0B2.3B16.0M15.2M
Total Current Liabilities8.4B8.6B9.3B10.2B10.8B11.3B
Total Stockholder Equity12.3B14.6B16.6B18.6B21.0B22.1B
Other Liab397.3M200.7M236.6M569.4M654.8M687.6M
Retained Earnings8.4B10.7B12.6B13.5B15.7B16.5B
Accounts Payable4.4B4.5B4.5B5.9B6.1B6.4B
Cash2.4B3.2B4.0B4.0B4.7B4.9B
Other Assets356.7M334.3M876.5M1.1B1.2B1.3B
Net Receivables6.9B6.1B7.2B7.2B7.5B7.8B
Inventory4.0B4.1B4.0B4.5B4.3B4.5B
Other Current Assets425.7M336.2M316.0M582.3M59.9M56.9M
Total Liab8.6B9.0B10.1B12.0B11.9B12.5B
Intangible Assets1.5B1.5B2.2B2.9B3.3B3.5B
Property Plant Equipment4.0B4.7B4.8B5.0B5.8B6.1B
Long Term Debt48.1M151.6M139.2M1.1B520.8M489.6M
Net Tangible Assets7.0B9.4B11.7B12.2B14.0B9.0B
Deferred Long Term Liab12.5M12.3M8.8M12.4M11.2M10.1M
Short Long Term Debt655.5M1.4B1.2B947.5M822.4M808.2M
Total Current Assets13.7B14.7B15.5B17.6B18.5B15.5B
Non Current Assets Total7.7B9.5B11.5B13.6B15.0B9.6B
Non Currrent Assets Other184.1M712.1M911.1M1.0B1.6B1.6B
Non Current Liabilities Total200.7M388.3M789.5M1.9B1.1B1.1B
Non Current Liabilities Other52.1M39.5M39.1M111.2M84.4M80.1M
Net Invested Capital13.0B16.2B18.0B20.6B22.4B17.5B
Net Working Capital5.3B6.0B6.2B7.4B7.7B7.1B
Other Stockholder Equity22.8M(2.2M)(47.8M)(88.6M)(79.7M)(75.7M)

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Other Information on Investing in Huadong Stock

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