Zoje Common Stock vs Good Will Analysis

002021 Stock

2.40 0.18 6.98%

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

Common Stock vs Good Will

Common Stock vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zoje Resources Investment Common Stock account and Good Will. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Zoje Resources' Common Stock and Good Will is -0.58. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Good Will in the same time period over historical financial statements of Zoje Resources Investment, assuming nothing else is changed. The correlation between historical values of Zoje Resources' Common Stock and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Zoje Resources Investment are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Common Stock i.e., Zoje Resources' Common Stock and Good Will go up and down completely randomly.

Correlation Coefficient

-0.58

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Common Stock

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.

Most indicators from Zoje Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zoje Resources Investment 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 Zoje Resources Investment. 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 111.7 M. The current year's Tax Provision is expected to grow to about 11.1 M

	2021	2022	2023	2024 (projected)
Gross Profit	152.2M	138.2M	122.6M	136.7M
Research Development	25.1M	27.4M	28.3M	28.7M

Gross Profit Research Development

Zoje Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Other Liab	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.9	0.97	0.69	0.52	0.43	0.91	0.53	0.73	0.75	0.7	0.89	0.89	0.77	0.22	0.88	-0.39	-0.19	0.57	0.25	0.5	0.49	-0.44	-0.01	0.4	-0.25
Other Current Liab	0.9		0.92	0.58	0.62	0.24	0.94	0.19	0.66	0.52	0.56	0.87	0.83	0.73	-0.02	0.78	-0.44	-0.33	0.76	0.33	0.66	0.65	-0.62	-0.26	0.41	-0.32
Total Current Liabilities	0.97	0.92		0.57	0.5	0.52	0.88	0.43	0.66	0.67	0.72	0.9	0.93	0.71	0.09	0.88	-0.35	-0.12	0.67	0.16	0.55	0.54	-0.49	-0.02	0.35	-0.28
Total Stockholder Equity	0.69	0.58	0.57		0.73	-0.12	0.7	0.53	0.7	0.67	0.2	0.43	0.29	0.67	0.24	0.64	-0.52	-0.54	0.29	0.62	0.41	0.33	-0.25	-0.15	0.57	-0.24
Retained Earnings	0.52	0.62	0.5	0.73		-0.26	0.67	0.21	0.75	0.47	0.01	0.3	0.22	0.54	-0.35	0.6	-0.83	-0.83	0.75	0.87	0.79	0.73	-0.63	-0.4	0.84	-0.32
Accounts Payable	0.43	0.24	0.52	-0.12	-0.26		0.18	0.45	0.04	0.32	0.82	0.46	0.65	0.03	0.32	0.39	0.21	0.48	0.1	-0.48	-0.06	-0.05	0.04	0.37	-0.24	0.07
Cash	0.91	0.94	0.88	0.7	0.67	0.18		0.36	0.78	0.57	0.5	0.78	0.76	0.78	0.09	0.83	-0.45	-0.43	0.67	0.44	0.64	0.65	-0.6	-0.24	0.46	-0.36
Other Assets	0.53	0.19	0.43	0.53	0.21	0.45	0.36		0.54	0.7	0.5	0.24	0.38	0.49	0.58	0.58	-0.26	-0.16	-0.06	0.23	0.1	0.08	0.01	0.11	0.29	0.12
Long Term Debt	0.73	0.66	0.66	0.7	0.75	0.04	0.78	0.54		0.59	0.36	0.5	0.53	0.73	0.0	0.8	-0.71	-0.54	0.59	0.62	0.69	0.71	-0.68	-0.15	0.67	-0.45
Net Receivables	0.75	0.52	0.67	0.67	0.47	0.32	0.57	0.7	0.59		0.47	0.59	0.58	0.53	0.28	0.62	-0.55	-0.3	0.26	0.44	0.17	0.11	-0.01	0.16	0.6	0.2
Inventory	0.7	0.56	0.72	0.2	0.01	0.82	0.5	0.5	0.36	0.47		0.64	0.8	0.37	0.36	0.66	-0.04	0.19	0.25	-0.23	0.18	0.17	-0.25	0.03	-0.05	-0.07
Other Current Assets	0.89	0.87	0.9	0.43	0.3	0.46	0.78	0.24	0.5	0.59	0.64		0.91	0.62	0.19	0.61	-0.24	0.03	0.51	0.03	0.32	0.33	-0.29	0.19	0.23	-0.15
Total Liab	0.89	0.83	0.93	0.29	0.22	0.65	0.76	0.38	0.53	0.58	0.8	0.91		0.61	0.16	0.76	-0.19	0.1	0.55	-0.07	0.38	0.42	-0.4	0.09	0.16	-0.16
Intangible Assets	0.77	0.73	0.71	0.67	0.54	0.03	0.78	0.49	0.73	0.53	0.37	0.62	0.61		0.22	0.72	-0.47	-0.34	0.42	0.38	0.6	0.6	-0.54	-0.18	0.47	-0.28
Common Stock	0.22	-0.02	0.09	0.24	-0.35	0.32	0.09	0.58	0.0	0.28	0.36	0.19	0.16	0.22		0.02	0.28	0.19	-0.58	-0.2	-0.49	-0.49	0.47	0.23	-0.29	0.29
Property Plant Equipment	0.88	0.78	0.88	0.64	0.6	0.39	0.83	0.58	0.8	0.62	0.66	0.61	0.76	0.72	0.02		-0.43	-0.28	0.66	0.3	0.69	0.67	-0.64	-0.24	0.41	-0.4
Short Term Investments	-0.39	-0.44	-0.35	-0.52	-0.83	0.21	-0.45	-0.26	-0.71	-0.55	-0.04	-0.24	-0.19	-0.47	0.28	-0.43		0.77	-0.58	-0.85	-0.66	-0.58	0.51	0.2	-0.97	-0.02
Other Liab	-0.19	-0.33	-0.12	-0.54	-0.83	0.48	-0.43	-0.16	-0.54	-0.3	0.19	0.03	0.1	-0.34	0.19	-0.28	0.77		-0.45	-0.96	-0.55	-0.5	0.43	0.64	-0.75	0.01
Good Will	0.57	0.76	0.67	0.29	0.75	0.1	0.67	-0.06	0.59	0.26	0.25	0.51	0.55	0.42	-0.58	0.66	-0.58	-0.45		0.44	0.87	0.86	-0.82	-0.35	0.55	-0.43
Net Tangible Assets	0.25	0.33	0.16	0.62	0.87	-0.48	0.44	0.23	0.62	0.44	-0.23	0.03	-0.07	0.38	-0.2	0.3	-0.85	-0.96	0.44		0.53	0.48	-0.38	-0.43	0.87	0.0
Other Stockholder Equity	0.5	0.66	0.55	0.41	0.79	-0.06	0.64	0.1	0.69	0.17	0.18	0.32	0.38	0.6	-0.49	0.69	-0.66	-0.55	0.87	0.53		0.98	-0.92	-0.45	0.62	-0.47
Deferred Long Term Liab	0.49	0.65	0.54	0.33	0.73	-0.05	0.65	0.08	0.71	0.11	0.17	0.33	0.42	0.6	-0.49	0.67	-0.58	-0.5	0.86	0.48	0.98		-0.94	-0.44	0.54	-0.54
Long Term Investments	-0.44	-0.62	-0.49	-0.25	-0.63	0.04	-0.6	0.01	-0.68	-0.01	-0.25	-0.29	-0.4	-0.54	0.47	-0.64	0.51	0.43	-0.82	-0.38	-0.92	-0.94		0.49	-0.4	0.66
Total Current Assets	-0.01	-0.26	-0.02	-0.15	-0.4	0.37	-0.24	0.11	-0.15	0.16	0.03	0.19	0.09	-0.18	0.23	-0.24	0.2	0.64	-0.35	-0.43	-0.45	-0.44	0.49		-0.14	0.13
Non Current Assets Total	0.4	0.41	0.35	0.57	0.84	-0.24	0.46	0.29	0.67	0.6	-0.05	0.23	0.16	0.47	-0.29	0.41	-0.97	-0.75	0.55	0.87	0.62	0.54	-0.4	-0.14		0.09
Non Currrent Assets Other	-0.25	-0.32	-0.28	-0.24	-0.32	0.07	-0.36	0.12	-0.45	0.2	-0.07	-0.15	-0.16	-0.28	0.29	-0.4	-0.02	0.01	-0.43	0.0	-0.47	-0.54	0.66	0.13	0.09

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Zoje Resources Account Relationship Matchups

Zoje Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	861.9M	1.5B	1.4B	1.6B	1.8B
Other Current Liab	12.3M	13.4M	34.4M	11.6M	28.2M	26.8M
Total Current Liabilities	452.1M	230.6M	811.9M	685.7M	991.3M	960.7M
Total Stockholder Equity	708.8M	630.4M	112.4M	(296.9M)	618.0M	717.7M
Retained Earnings	(474.9M)	(553.5M)	(1.1B)	(1.5B)	(928.5M)	(882.0M)
Accounts Payable	234.2M	182.3M	597.5M	473.7M	539.5M	321.4M
Cash	433.1M	97.3M	132.2M	121.7M	137.7M	130.9M
Other Assets	33.7M	30.5M	32.6M	32.7M	37.6M	29.6M
Net Receivables	160.8M	125.1M	158.3M	186.1M	173.4M	245.8M
Inventory	208.7M	244.0M	475.3M	367.7M	322.2M	306.6M
Other Current Assets	3.5M	6.2M	390.5M	350.1M	386.4M	265.4M
Total Liab	455.7M	231.5M	1.3B	1.6B	1.0B	1.1B
Intangible Assets	36.8M	35.6M	37.1M	35.7M	35.1M	67.7M
Property Plant Equipment	245.2M	233.0M	210.0M	213.2M	245.2M	364.0M
Net Tangible Assets	661.4M	672.0M	594.8M	75.2M	67.7M	64.3M
Other Stockholder Equity	(4.4M)	(4.5M)	(4.3M)	(4.9M)	(4.5M)	(4.7M)
Deferred Long Term Liab	4.0M	6.5M	7.3M	6.3M	5.7M	5.6M
Total Current Assets	806.0M	553.0M	1.2B	1.0B	1.3B	1.1B
Non Current Assets Total	358.4M	308.9M	309.6M	308.4M	285.7M	319.2M
Non Currrent Assets Other	3.4M	3.5M	4.0M	8.2M	463.0K	439.8K
Non Current Liabilities Total	3.6M	868.1K	537.3M	961.7M	11.0M	10.4M
Short Long Term Debt	165.8M	156.7M	138.6M	142.3M	359.1M	193.6M
Net Invested Capital	865.5M	630.4M	251.0M	(154.6M)	977.1M	539.9M
Net Working Capital	354.0M	322.4M	344.4M	360.6M	348.0M	366.9M

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Other Information on Investing in Zoje Stock

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

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Zoje Common Stock vs Good Will Analysis

Common Stock vs Good Will

Common Stock vs Good Will Correlation Analysis

Correlation Coefficient

Common Stock

Good Will

Zoje Resources fundamental ratios Correlations

Zoje Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zoje Resources fundamental ratios Accounts

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Other Information on Investing in Zoje Stock

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Deferred Long Term Liab	+ 0.98	Other Stockholder Equity
Total Current Liabilities	+ 0.97	Total Assets
Cash	+ 0.94	Other Current Liab
Total Liab	+ 0.93	Total Current Liabilities
Total Current Liabilities	+ 0.92	Other Current Liab
Cash	+ 0.91	Total Assets

Non Current Assets Total	- 0.97	Short Term Investments
Net Tangible Assets	- 0.96	Other Liab
Long Term Investments	- 0.94	Deferred Long Term Liab
Long Term Investments	- 0.92	Other Stockholder Equity
Net Tangible Assets	- 0.85	Short Term Investments
Other Liab	- 0.83	Retained Earnings