Zhejiang Retained Earnings vs Short Term Debt Analysis

002010 Stock   5.31  0.07  1.34%   
Zhejiang Transfar financial indicator trend analysis is more than just analyzing Zhejiang Transfar current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Transfar is a good investment. Please check the relationship between Zhejiang Transfar Retained Earnings and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Transfar 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.

Retained Earnings vs Short Term Debt

Retained Earnings vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Transfar Retained Earnings account and Short Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Zhejiang Transfar's Retained Earnings and Short Term Debt is 0.9. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Zhejiang Transfar Co, assuming nothing else is changed. The correlation between historical values of Zhejiang Transfar's Retained Earnings and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Zhejiang Transfar Co are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Retained Earnings i.e., Zhejiang Transfar's Retained Earnings and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Short Term Debt

Most indicators from Zhejiang Transfar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Transfar 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 Zhejiang Transfar 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 Tax Provision is expected to grow to about 384.3 M, whereas Selling General Administrative is forecasted to decline to about 639.7 M.
 2021 2022 2023 2024 (projected)
Income Before Tax2.9B1.1B946.0M772.3M
Cost Of Revenue31.9B33.6B30.0B31.5B

Zhejiang Transfar fundamental ratios Correlations

0.590.970.970.950.890.820.970.240.960.840.990.840.950.970.990.590.89-0.170.810.650.77-0.730.930.820.95
0.590.650.570.410.710.610.470.520.670.710.580.590.570.520.560.510.71-0.150.310.390.69-0.20.680.580.6
0.970.650.90.920.920.740.960.210.990.860.990.740.90.940.940.460.87-0.280.820.580.77-0.750.970.90.95
0.970.570.90.90.850.90.90.290.90.790.930.920.930.920.980.710.860.00.730.640.74-0.630.850.710.89
0.950.410.920.90.750.690.97-0.030.910.740.960.670.850.960.90.420.73-0.210.90.630.56-0.720.910.860.9
0.890.710.920.850.750.760.830.480.920.890.880.80.890.820.890.510.92-0.230.610.430.88-0.710.840.740.84
0.820.610.740.90.690.760.680.310.750.670.740.940.780.70.820.720.710.30.50.340.6-0.380.690.580.66
0.970.470.960.90.970.830.680.120.940.80.990.70.890.980.950.430.82-0.290.880.660.72-0.820.930.850.97
0.240.520.210.29-0.030.480.310.120.260.310.170.510.370.150.320.570.52-0.02-0.170.250.7-0.120.11-0.130.27
0.960.670.990.90.910.920.750.940.260.820.970.750.890.910.920.480.86-0.270.790.560.76-0.70.960.890.93
0.840.710.860.790.740.890.670.80.310.820.860.690.860.860.840.430.9-0.310.640.520.82-0.680.840.760.82
0.990.580.990.930.960.880.740.990.170.970.860.750.920.980.960.470.87-0.270.850.640.75-0.780.960.880.97
0.840.590.740.920.670.80.940.70.510.750.690.750.860.740.880.830.830.180.460.50.76-0.450.660.470.73
0.950.570.90.930.850.890.780.890.370.890.860.920.860.930.960.660.93-0.250.680.620.84-0.680.840.670.91
0.970.520.940.920.960.820.70.980.150.910.860.980.740.930.960.510.86-0.290.850.720.74-0.760.920.810.96
0.990.560.940.980.90.890.820.950.320.920.840.960.880.960.960.640.91-0.130.760.680.82-0.750.880.730.95
0.590.510.460.710.420.510.720.430.570.480.430.470.830.660.510.640.680.070.240.530.6-0.040.420.130.5
0.890.710.870.860.730.920.710.820.520.860.90.870.830.930.860.910.68-0.350.60.640.95-0.640.830.630.88
-0.17-0.15-0.280.0-0.21-0.230.3-0.29-0.02-0.27-0.31-0.270.18-0.25-0.29-0.130.07-0.35-0.24-0.23-0.320.23-0.31-0.24-0.33
0.810.310.820.730.90.610.50.88-0.170.790.640.850.460.680.850.760.240.6-0.240.590.42-0.690.880.840.8
0.650.390.580.640.630.430.340.660.250.560.520.640.50.620.720.680.530.64-0.230.590.6-0.490.620.430.73
0.770.690.770.740.560.880.60.720.70.760.820.750.760.840.740.820.60.95-0.320.420.6-0.660.690.480.82
-0.73-0.2-0.75-0.63-0.72-0.71-0.38-0.82-0.12-0.7-0.68-0.78-0.45-0.68-0.76-0.75-0.04-0.640.23-0.69-0.49-0.66-0.67-0.67-0.78
0.930.680.970.850.910.840.690.930.110.960.840.960.660.840.920.880.420.83-0.310.880.620.69-0.670.930.93
0.820.580.90.710.860.740.580.85-0.130.890.760.880.470.670.810.730.130.63-0.240.840.430.48-0.670.930.8
0.950.60.950.890.90.840.660.970.270.930.820.970.730.910.960.950.50.88-0.330.80.730.82-0.780.930.8
Click cells to compare fundamentals

Zhejiang Transfar Account Relationship Matchups

Zhejiang Transfar fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets30.5B34.7B40.9B41.1B41.9B44.0B
Other Current Liab1.8B2.1B2.8B2.6B310.4M294.9M
Total Current Liabilities7.6B10.0B15.0B13.1B12.7B13.4B
Total Stockholder Equity14.6B15.0B16.9B17.3B17.5B18.4B
Retained Earnings4.1B5.3B7.2B7.7B7.6B8.0B
Accounts Payable1.5B1.5B2.3B2.1B2.0B2.1B
Cash3.3B5.2B5.8B6.2B5.1B5.3B
Other Assets12.8B13.8B17.7B18.8B21.7B22.7B
Net Receivables5.1B1.1B1.4B1.3B1.3B1.5B
Inventory1.5B1.5B2.7B2.2B2.1B2.2B
Other Current Assets640.6M1.2B839.0M1.4B752.2M789.8M
Total Liab14.1B18.5B22.9B22.7B22.9B24.1B
Property Plant Equipment2.7B3.4B2.7B2.9B3.4B3.5B
Long Term Debt5.4B6.7B5.9B7.5B7.1B7.5B
Other Liab1.9B1.8B1.9B2.0B2.3B2.4B
Intangible Assets2.1B1.3B1.1B1.0B1.1B807.9M
Good Will357.8M361.7M330.1M313.1M325.7M290.9M
Net Tangible Assets12.2B13.4B15.4B16.0B18.4B13.2B
Other Stockholder Equity778.5M490.3M377.5M241.4M277.6M263.7M
Deferred Long Term Liab287.3M199.5M163.5M153.3M176.3M202.4M
Short Long Term Debt2.6B4.3B6.2B5.4B5.1B3.7B
Total Current Assets10.5B13.5B16.7B15.9B14.0B14.0B
Non Current Assets Total20.0B21.2B24.2B25.2B27.9B21.4B
Non Currrent Assets Other622.2M460.1M970.8M966.0M785.4M718.7M
Non Current Liabilities Total6.5B8.5B7.9B9.6B10.2B7.4B
Non Current Liabilities Other398.6K160.5K324.4K175.6K693.3M728.0M
Net Debt3.9B5.7B6.3B6.8B7.1B5.0B
Net Invested Capital21.8B26.0B28.9B30.3B29.8B27.0B
Net Working Capital3.0B3.5B1.6B2.8B1.3B2.0B

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Other Information on Investing in Zhejiang Stock

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