Yuan Good Will vs Long Term Investments Analysis

000998 Stock   10.94  0.16  1.48%   
Yuan Longping financial indicator trend analysis is more than just analyzing Yuan Longping High current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yuan Longping High is a good investment. Please check the relationship between Yuan Longping Good Will and its Long Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Yuan Longping High tech. 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 Long Term Investments

Good Will vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Yuan Longping High Good Will account and Long Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Yuan Longping's Good Will and Long Term Investments is 0.66. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Yuan Longping High tech, assuming nothing else is changed. The correlation between historical values of Yuan Longping's Good Will and Long Term Investments 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 Yuan Longping High tech are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Good Will i.e., Yuan Longping's Good Will and Long Term Investments go up and down completely randomly.

Correlation Coefficient

0.66
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Long Term Investments

Long Term Investments is an item on the asset side of Yuan Longping balance sheet that represents investments Yuan Longping High intends to hold for over a year. Yuan Longping High tech long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Yuan Longping's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yuan Longping High 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 Yuan Longping High tech. 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 1.3 B, whereas Tax Provision is projected to grow to (11.4 M).
 2021 2022 2023 2024 (projected)
Gross Profit1.2B1.2B3.7B3.9B
Research Development208.2M439.3M676.9M710.7M

Yuan Longping fundamental ratios Correlations

0.320.960.60.520.910.950.940.090.960.780.990.970.830.930.470.840.820.980.31-0.680.520.750.980.910.9
0.320.360.550.550.10.320.46-0.030.180.360.290.140.460.570.450.40.040.190.23-0.580.260.660.370.330.57
0.960.360.480.40.910.960.940.060.910.780.980.950.750.910.350.910.670.950.13-0.710.450.710.980.850.86
0.60.550.480.940.30.480.630.230.540.330.50.420.810.680.890.270.460.470.8-0.480.640.840.540.750.79
0.520.550.40.940.20.360.540.220.470.240.420.330.790.640.970.150.440.380.7-0.510.740.820.440.620.74
0.910.10.910.30.20.90.840.040.940.820.940.950.640.820.160.860.790.940.05-0.50.250.490.890.770.68
0.950.320.960.480.360.90.920.120.880.80.960.950.730.870.280.930.710.960.17-0.710.40.670.970.860.84
0.940.460.940.630.540.840.920.080.90.820.930.860.820.910.480.820.650.890.32-0.60.480.770.940.860.89
0.09-0.030.060.230.220.040.120.080.04-0.150.040.120.360.150.140.11-0.050.090.27-0.1-0.06-0.090.010.080.0
0.960.180.910.540.470.940.880.90.040.80.960.940.780.880.460.740.850.950.3-0.530.520.660.920.860.82
0.780.360.780.330.240.820.80.82-0.150.80.810.750.510.740.150.770.680.770.12-0.420.230.540.790.690.66
0.990.290.980.50.420.940.960.930.040.960.810.980.760.910.370.880.810.990.18-0.680.460.710.980.880.87
0.970.140.950.420.330.950.950.860.120.940.750.980.730.850.280.870.810.990.15-0.640.40.610.950.850.79
0.830.460.750.810.790.640.730.820.360.780.510.760.730.880.730.590.640.740.56-0.620.570.740.770.770.83
0.930.570.910.680.640.820.870.910.150.880.740.910.850.880.580.810.70.870.32-0.780.550.810.910.840.92
0.470.450.350.890.970.160.280.480.140.460.150.370.280.730.580.040.420.330.7-0.440.830.770.390.550.7
0.840.40.910.270.150.860.930.820.110.740.770.880.870.590.810.040.560.87-0.06-0.70.130.530.890.710.69
0.820.040.670.460.440.790.710.65-0.050.850.680.810.810.640.70.420.560.830.32-0.440.450.580.740.730.7
0.980.190.950.470.380.940.960.890.090.950.770.990.990.740.870.330.870.830.19-0.650.430.660.970.870.83
0.310.230.130.80.70.050.170.320.270.30.120.180.150.560.320.7-0.060.320.19-0.040.50.430.220.40.46
-0.68-0.58-0.71-0.48-0.51-0.5-0.71-0.6-0.1-0.53-0.42-0.68-0.64-0.62-0.78-0.44-0.7-0.44-0.65-0.04-0.56-0.73-0.72-0.62-0.78
0.520.260.450.640.740.250.40.48-0.060.520.230.460.40.570.550.830.130.450.430.5-0.560.680.490.490.73
0.750.660.710.840.820.490.670.77-0.090.660.540.710.610.740.810.770.530.580.660.43-0.730.680.760.840.94
0.980.370.980.540.440.890.970.940.010.920.790.980.950.770.910.390.890.740.970.22-0.720.490.760.890.9
0.910.330.850.750.620.770.860.860.080.860.690.880.850.770.840.550.710.730.870.4-0.620.490.840.890.87
0.90.570.860.790.740.680.840.890.00.820.660.870.790.830.920.70.690.70.830.46-0.780.730.940.90.87
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Yuan Longping Account Relationship Matchups

Yuan Longping fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets15.5B13.9B14.0B14.6B27.7B29.1B
Other Current Liab929.4M977.7M1.4B2.2B688.1M648.3M
Total Current Liabilities8.1B4.6B6.5B8.1B12.7B13.3B
Total Stockholder Equity6.2B5.5B5.5B5.0B5.6B2.9B
Retained Earnings2.3B2.4B2.5B1.6B1.7B962.1M
Accounts Payable576.8M411.4M491.4M592.8M1.5B1.6B
Cash1.9B1.6B1.9B2.7B3.9B4.1B
Net Receivables1.7B735.0M983.1M1.7B2.0B2.1B
Short Term Investments129.9M132.5M970.1M378.3M512.9M538.5M
Inventory3.0B2.5B1.9B1.9B4.6B4.8B
Other Current Assets231.1M170.9M163.1M394.0M486.2M510.5M
Total Liab8.6B7.6B7.7B8.9B17.6B18.5B
Intangible Assets1.8B1.8B1.8B1.6B5.1B5.4B
Property Plant Equipment1.5B1.6B1.8B1.9B2.2B2.3B
Other Assets702.6M711.9M597.3M309.1M355.4M280.4M
Other Liab76.0M81.1M248.0M496.3M570.7M599.2M
Long Term Debt355.9M2.9B938.6M196M4.1B4.3B
Good Will1.3B1.6B1.6B1.5B4.6B4.8B
Net Tangible Assets3.3B2.7B2.6B2.1B1.9B2.5B
Other Stockholder Equity(269.0M)(1.1B)(1.3B)(925.7M)(833.1M)(791.5M)
Deferred Long Term Liab623.7M640.1M533.3M282.2M324.6M485.3M
Short Long Term Debt3.5B2.8B2.5B4.0B6.4B6.7B
Total Current Assets7.1B6.1B5.9B6.2B12.0B7.1B
Non Current Assets Total8.4B7.8B8.1B8.4B15.7B9.2B
Non Currrent Assets Other65.3M59.8M52.9M12.8M92.2M70.1M
Non Current Liabilities Total431.8M2.9B1.2B722.8M4.9B5.2B
Non Current Liabilities Other567.7K3.4B354M10.0M2.3M2.2M
Net Debt2.0B4.1B1.5B1.5B6.6B3.7B
Net Invested Capital10.1B11.2B8.9B9.3B16.1B12.4B
Net Working Capital(1.0B)1.5B(646.8M)(2.0B)(667.7M)(634.3M)

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Other Information on Investing in Yuan Stock

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