Zotye Net Receivables vs Total Assets Analysis

000980 Stock

2.15 0.05 2.27%

Zotye Automobile financial indicator trend analysis is more than just analyzing Zotye Automobile current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zotye Automobile is a good investment. Please check the relationship between Zotye Automobile Net Receivables and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zotye Automobile 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.

Net Receivables vs Total Assets

Net Receivables vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zotye Automobile Net Receivables account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Zotye Automobile's Net Receivables and Total Assets is 0.98. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Assets in the same time period over historical financial statements of Zotye Automobile Co, assuming nothing else is changed. The correlation between historical values of Zotye Automobile's Net Receivables and Total 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 Net Receivables of Zotye Automobile Co are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Receivables i.e., Zotye Automobile's Net Receivables and Total Assets go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Total Assets

Total assets refers to the total amount of Zotye Automobile assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Zotye Automobile books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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

The current year's Selling General Administrative is expected to grow to about 319.9 M, whereas Tax Provision is projected to grow to (13.8 M).

	2022	2023	2024	2025 (projected)
Interest Expense	88.1M	81.1M	93.3M	61.6M
Depreciation And Amortization	365.8M	316.1M	363.5M	345.3M

Interest Expense Depreciation And Amortization

Zotye Automobile fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Retained Earnings	Other Stockholder Equity	Common Stock	Other Liab	Long Term Debt
Total Assets		0.5	0.89	0.89	0.9	0.95	0.45	-0.28	0.96	0.94	1.0	0.32	0.94	0.98	0.09	0.27	0.92	0.6	0.9	1.0	0.55	0.13	0.39	0.11	0.91	0.03
Short Long Term Debt Total	0.5		0.29	0.73	0.12	0.68	0.82	0.68	0.5	0.28	0.51	0.5	0.28	0.57	0.61	0.57	0.19	0.94	0.76	0.48	0.9	-0.69	0.81	0.61	0.73	0.39
Other Current Liab	0.89	0.29		0.72	0.87	0.84	0.1	-0.36	0.84	0.81	0.89	0.26	0.81	0.88	0.01	0.11	0.83	0.41	0.72	0.88	0.39	0.26	0.22	-0.02	0.73	-0.09
Total Current Liabilities	0.89	0.73	0.72		0.6	0.92	0.73	0.09	0.95	0.72	0.88	0.45	0.72	0.94	0.1	0.18	0.74	0.71	0.99	0.89	0.84	-0.05	0.41	0.09	0.94	-0.08
Total Stockholder Equity	0.9	0.12	0.87	0.6		0.77	0.06	-0.62	0.79	0.95	0.89	0.16	0.95	0.82	-0.02	0.2	0.93	0.31	0.61	0.89	0.14	0.37	0.2	0.01	0.67	0.02
Property Plant And Equipment Net	0.95	0.68	0.84	0.92	0.77		0.54	-0.03	0.91	0.83	0.96	0.44	0.83	0.97	0.21	0.37	0.78	0.75	0.94	0.95	0.71	-0.09	0.54	0.25	0.93	0.13
Current Deferred Revenue	0.45	0.82	0.1	0.73	0.06	0.54		0.49	0.54	0.31	0.45	0.26	0.31	0.5	0.31	0.38	0.27	0.71	0.74	0.45	0.8	-0.47	0.55	0.34	0.7	0.2
Net Debt	-0.28	0.68	-0.36	0.09	-0.62	-0.03	0.49		-0.22	-0.52	-0.27	0.32	-0.52	-0.15	0.52	0.28	-0.55	0.51	0.11	-0.29	0.57	-0.8	0.49	0.49	0.05	0.27
Accounts Payable	0.96	0.5	0.84	0.95	0.79	0.91	0.54	-0.22		0.86	0.95	0.33	0.86	0.97	-0.05	0.09	0.89	0.54	0.93	0.96	0.64	0.21	0.25	-0.06	0.91	-0.17
Cash	0.94	0.28	0.81	0.72	0.95	0.83	0.31	-0.52	0.86		0.93	0.16	1.0	0.86	0.02	0.29	0.95	0.43	0.74	0.94	0.29	0.24	0.3	0.08	0.78	0.1
Non Current Assets Total	1.0	0.51	0.89	0.88	0.89	0.96	0.45	-0.27	0.95	0.93		0.28	0.93	0.97	0.13	0.31	0.9	0.62	0.9	0.99	0.55	0.1	0.42	0.15	0.92	0.06
Non Currrent Assets Other	0.32	0.5	0.26	0.45	0.16	0.44	0.26	0.32	0.33	0.16	0.28		0.16	0.44	0.04	-0.08	0.24	0.44	0.42	0.36	0.62	-0.06	0.16	0.01	0.22	-0.16
Cash And Short Term Investments	0.94	0.28	0.81	0.72	0.95	0.83	0.31	-0.52	0.86	1.0	0.93	0.16		0.86	0.02	0.3	0.95	0.43	0.74	0.94	0.29	0.24	0.3	0.08	0.78	0.11
Net Receivables	0.98	0.57	0.88	0.94	0.82	0.97	0.5	-0.15	0.97	0.86	0.97	0.44	0.86		0.06	0.19	0.87	0.64	0.94	0.98	0.67	0.11	0.37	0.07	0.91	-0.06
Common Stock Shares Outstanding	0.09	0.61	0.01	0.1	-0.02	0.21	0.31	0.52	-0.05	0.02	0.13	0.04	0.02	0.06		0.85	-0.13	0.66	0.18	0.05	0.24	-0.83	0.9	0.95	0.3	0.82
Non Current Liabilities Total	0.27	0.57	0.11	0.18	0.2	0.37	0.38	0.28	0.09	0.29	0.31	-0.08	0.3	0.19	0.85		0.05	0.69	0.28	0.23	0.17	-0.77	0.92	0.95	0.43	0.95
Inventory	0.92	0.19	0.83	0.74	0.93	0.78	0.27	-0.55	0.89	0.95	0.9	0.24	0.95	0.87	-0.13	0.05		0.29	0.73	0.93	0.3	0.43	0.11	-0.14	0.72	-0.16
Other Current Assets	0.6	0.94	0.41	0.71	0.31	0.75	0.71	0.51	0.54	0.43	0.62	0.44	0.43	0.64	0.66	0.69	0.29		0.76	0.58	0.78	-0.65	0.88	0.7	0.78	0.5
Total Liab	0.9	0.76	0.72	0.99	0.61	0.94	0.74	0.11	0.93	0.74	0.9	0.42	0.74	0.94	0.18	0.28	0.73	0.76		0.9	0.84	-0.13	0.5	0.18	0.96	0.03
Total Current Assets	1.0	0.48	0.88	0.89	0.89	0.95	0.45	-0.29	0.96	0.94	0.99	0.36	0.94	0.98	0.05	0.23	0.93	0.58	0.9		0.55	0.16	0.36	0.07	0.89	0.0
Short Term Debt	0.55	0.9	0.39	0.84	0.14	0.71	0.8	0.57	0.64	0.29	0.55	0.62	0.29	0.67	0.24	0.17	0.3	0.78	0.84	0.55		-0.38	0.48	0.22	0.73	-0.03
Retained Earnings	0.13	-0.69	0.26	-0.05	0.37	-0.09	-0.47	-0.8	0.21	0.24	0.1	-0.06	0.24	0.11	-0.83	-0.77	0.43	-0.65	-0.13	0.16	-0.38		-0.82	-0.88	-0.19	-0.77
Other Stockholder Equity	0.39	0.81	0.22	0.41	0.2	0.54	0.55	0.49	0.25	0.3	0.42	0.16	0.3	0.37	0.9	0.92	0.11	0.88	0.5	0.36	0.48	-0.82		0.94	0.6	0.82
Common Stock	0.11	0.61	-0.02	0.09	0.01	0.25	0.34	0.49	-0.06	0.08	0.15	0.01	0.08	0.07	0.95	0.95	-0.14	0.7	0.18	0.07	0.22	-0.88	0.94		0.31	0.92
Other Liab	0.91	0.73	0.73	0.94	0.67	0.93	0.7	0.05	0.91	0.78	0.92	0.22	0.78	0.91	0.3	0.43	0.72	0.78	0.96	0.89	0.73	-0.19	0.6	0.31		0.18
Long Term Debt	0.03	0.39	-0.09	-0.08	0.02	0.13	0.2	0.27	-0.17	0.1	0.06	-0.16	0.11	-0.06	0.82	0.95	-0.16	0.5	0.03	0.0	-0.03	-0.77	0.82	0.92	0.18

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Zotye Automobile Account Relationship Matchups

Zotye Automobile fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	9.6B	8.0B	7.1B	6.2B	7.1B	6.0B
Short Long Term Debt Total	5.6B	2.9B	3.0B	2.9B	3.4B	3.5B
Other Current Liab	118.4M	42.6M	766.5M	25.9M	29.8M	28.3M
Total Current Liabilities	13.5B	2.7B	2.9B	3.2B	3.7B	3.1B
Total Stockholder Equity	(4.4B)	3.4B	2.4B	1.5B	1.7B	2.5B
Property Plant And Equipment Net	2.1B	1.9B	1.8B	1.3B	1.5B	1.0B
Current Deferred Revenue	3.0B	1.1B	110.8M	948.5M	1.1B	1.1B
Net Debt	5.3B	1.2B	2.0B	2.1B	2.5B	2.6B
Accounts Payable	4.9B	425.6M	600.3M	554.8M	638.0M	606.1M
Cash	219.0M	1.6B	1.0B	795.2M	914.5M	957.2M
Non Current Assets Total	4.3B	3.5B	3.5B	3.0B	3.4B	2.5B
Non Currrent Assets Other	34.3M	7.2M	23.4M	84.9M	97.6M	87.0M
Cash And Short Term Investments	219.0M	1.6B	1.0B	795.2M	914.5M	967.5M
Net Receivables	4.1B	2.0B	1.9B	1.5B	1.7B	1.8B
Liabilities And Stockholders Equity	9.6B	8.0B	7.1B	6.2B	7.1B	6.0B
Non Current Liabilities Total	458.9M	1.9B	1.7B	1.4B	1.7B	1.7B
Inventory	299.8M	279.2M	207.0M	296.5M	341.0M	527.0M
Other Current Assets	708.6M	601.5M	526.2M	535.9M	616.3M	647.1M
Total Liab	14.0B	4.6B	4.7B	4.7B	5.4B	3.4B
Total Current Assets	5.3B	4.5B	3.6B	3.2B	3.7B	3.5B
Short Term Debt	5.5B	1.1B	1.5B	1.7B	2.0B	1.0B
Retained Earnings	(19.8B)	(20.2B)	(21.1B)	(22.0B)	(19.8B)	(18.8B)
Other Stockholder Equity	13.1B	18.2B	18.1B	18.2B	20.9B	21.9B
Other Liab	546.8M	305.2M	424.3M	174.9M	201.2M	190.6M
Long Term Debt	86.1M	1.7B	1.6B	1.2B	1.4B	1.5B
Property Plant Equipment	4.2B	3.5B	2.2B	1.9B	2.2B	1.3B
Intangible Assets	2.2B	1.6B	1.7B	1.5B	1.8B	964.8M
Net Tangible Assets	7.1B	3.5B	(6.2B)	1.9B	1.7B	1.4B
Deferred Long Term Liab	107.9M	195.0M	813.1K	455.2K	409.6K	389.2K
Short Long Term Debt	5.3B	1.1B	1.2B	1.2B	1.4B	2.2B
Non Current Liabilities Other	205.7M	4.9M	160.3K	50.2M	45.2M	42.9M
Net Invested Capital	999.0M	6.3B	5.2B	4.0B	3.6B	3.4B
Net Working Capital	(8.2B)	1.8B	695.3M	(14.5M)	(13.1M)	(12.4M)
Property Plant And Equipment Gross	5.1B	5.8B	5.6B	5.4B	4.9B	4.5B

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

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Zotye Net Receivables vs Total Assets Analysis

Net Receivables vs Total Assets

Net Receivables vs Total Assets Correlation Analysis

Correlation Coefficient

Net Receivables

Total Assets

Zotye Automobile fundamental ratios Correlations

Zotye Automobile Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zotye Automobile fundamental ratios Accounts

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Non Current Assets Total	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Non Current Assets Total
Net Receivables	+ 0.98	Total Assets

Common Stock	- 0.88	Retained Earnings
Retained Earnings	- 0.83	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.82	Retained Earnings
Retained Earnings	- 0.8	Net Debt
Long Term Debt	- 0.77	Retained Earnings
Retained Earnings	- 0.77	Non Current Liabilities Total