Zoje Non Current Assets Total vs Property Plant Equipment 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 Non Current Assets Total and its Property Plant Equipment 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.

Non Current Assets Total vs Property Plant Equipment

Non Current Assets Total vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zoje Resources Investment Non Current Assets Total account and Property Plant Equipment. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Zoje Resources' Non Current Assets Total and Property Plant Equipment is 0.41. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Property Plant Equipment 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' Non Current Assets Total and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Zoje Resources Investment are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Non Current Assets Total i.e., Zoje Resources' Non Current Assets Total and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.41
Relationship DirectionPositive 
Relationship StrengthWeak

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Property Plant Equipment

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 Profit152.2M138.2M122.6M136.7M
Research Development25.1M27.4M28.3M28.7M

Zoje Resources fundamental ratios Correlations

0.90.970.690.520.430.910.530.730.750.70.890.890.770.220.88-0.39-0.190.570.250.50.49-0.44-0.010.4-0.25
0.90.920.580.620.240.940.190.660.520.560.870.830.73-0.020.78-0.44-0.330.760.330.660.65-0.62-0.260.41-0.32
0.970.920.570.50.520.880.430.660.670.720.90.930.710.090.88-0.35-0.120.670.160.550.54-0.49-0.020.35-0.28
0.690.580.570.73-0.120.70.530.70.670.20.430.290.670.240.64-0.52-0.540.290.620.410.33-0.25-0.150.57-0.24
0.520.620.50.73-0.260.670.210.750.470.010.30.220.54-0.350.6-0.83-0.830.750.870.790.73-0.63-0.40.84-0.32
0.430.240.52-0.12-0.260.180.450.040.320.820.460.650.030.320.390.210.480.1-0.48-0.06-0.050.040.37-0.240.07
0.910.940.880.70.670.180.360.780.570.50.780.760.780.090.83-0.45-0.430.670.440.640.65-0.6-0.240.46-0.36
0.530.190.430.530.210.450.360.540.70.50.240.380.490.580.58-0.26-0.16-0.060.230.10.080.010.110.290.12
0.730.660.660.70.750.040.780.540.590.360.50.530.730.00.8-0.71-0.540.590.620.690.71-0.68-0.150.67-0.45
0.750.520.670.670.470.320.570.70.590.470.590.580.530.280.62-0.55-0.30.260.440.170.11-0.010.160.60.2
0.70.560.720.20.010.820.50.50.360.470.640.80.370.360.66-0.040.190.25-0.230.180.17-0.250.03-0.05-0.07
0.890.870.90.430.30.460.780.240.50.590.640.910.620.190.61-0.240.030.510.030.320.33-0.290.190.23-0.15
0.890.830.930.290.220.650.760.380.530.580.80.910.610.160.76-0.190.10.55-0.070.380.42-0.40.090.16-0.16
0.770.730.710.670.540.030.780.490.730.530.370.620.610.220.72-0.47-0.340.420.380.60.6-0.54-0.180.47-0.28
0.22-0.020.090.24-0.350.320.090.580.00.280.360.190.160.220.020.280.19-0.58-0.2-0.49-0.490.470.23-0.290.29
0.880.780.880.640.60.390.830.580.80.620.660.610.760.720.02-0.43-0.280.660.30.690.67-0.64-0.240.41-0.4
-0.39-0.44-0.35-0.52-0.830.21-0.45-0.26-0.71-0.55-0.04-0.24-0.19-0.470.28-0.430.77-0.58-0.85-0.66-0.580.510.2-0.97-0.02
-0.19-0.33-0.12-0.54-0.830.48-0.43-0.16-0.54-0.30.190.030.1-0.340.19-0.280.77-0.45-0.96-0.55-0.50.430.64-0.750.01
0.570.760.670.290.750.10.67-0.060.590.260.250.510.550.42-0.580.66-0.58-0.450.440.870.86-0.82-0.350.55-0.43
0.250.330.160.620.87-0.480.440.230.620.44-0.230.03-0.070.38-0.20.3-0.85-0.960.440.530.48-0.38-0.430.870.0
0.50.660.550.410.79-0.060.640.10.690.170.180.320.380.6-0.490.69-0.66-0.550.870.530.98-0.92-0.450.62-0.47
0.490.650.540.330.73-0.050.650.080.710.110.170.330.420.6-0.490.67-0.58-0.50.860.480.98-0.94-0.440.54-0.54
-0.44-0.62-0.49-0.25-0.630.04-0.60.01-0.68-0.01-0.25-0.29-0.4-0.540.47-0.640.510.43-0.82-0.38-0.92-0.940.49-0.40.66
-0.01-0.26-0.02-0.15-0.40.37-0.240.11-0.150.160.030.190.09-0.180.23-0.240.20.64-0.35-0.43-0.45-0.440.49-0.140.13
0.40.410.350.570.84-0.240.460.290.670.6-0.050.230.160.47-0.290.41-0.97-0.750.550.870.620.54-0.4-0.140.09
-0.25-0.32-0.28-0.24-0.320.07-0.360.12-0.450.2-0.07-0.15-0.16-0.280.29-0.4-0.020.01-0.430.0-0.47-0.540.660.130.09
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Zoje Resources Account Relationship Matchups

Zoje Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2B861.9M1.5B1.4B1.6B1.8B
Other Current Liab12.3M13.4M34.4M11.6M28.2M26.8M
Total Current Liabilities452.1M230.6M811.9M685.7M991.3M960.7M
Total Stockholder Equity708.8M630.4M112.4M(296.9M)618.0M717.7M
Retained Earnings(474.9M)(553.5M)(1.1B)(1.5B)(928.5M)(882.0M)
Accounts Payable234.2M182.3M597.5M473.7M539.5M321.4M
Cash433.1M97.3M132.2M121.7M137.7M130.9M
Other Assets33.7M30.5M32.6M32.7M37.6M29.6M
Net Receivables160.8M125.1M158.3M186.1M173.4M245.8M
Inventory208.7M244.0M475.3M367.7M322.2M306.6M
Other Current Assets3.5M6.2M390.5M350.1M386.4M265.4M
Total Liab455.7M231.5M1.3B1.6B1.0B1.1B
Intangible Assets36.8M35.6M37.1M35.7M35.1M67.7M
Property Plant Equipment245.2M233.0M210.0M213.2M245.2M364.0M
Net Tangible Assets661.4M672.0M594.8M75.2M67.7M64.3M
Other Stockholder Equity(4.4M)(4.5M)(4.3M)(4.9M)(4.5M)(4.7M)
Deferred Long Term Liab4.0M6.5M7.3M6.3M5.7M5.6M
Total Current Assets806.0M553.0M1.2B1.0B1.3B1.1B
Non Current Assets Total358.4M308.9M309.6M308.4M285.7M319.2M
Non Currrent Assets Other3.4M3.5M4.0M8.2M463.0K439.8K
Non Current Liabilities Total3.6M868.1K537.3M961.7M11.0M10.4M
Short Long Term Debt165.8M156.7M138.6M142.3M359.1M193.6M
Net Invested Capital865.5M630.4M251.0M(154.6M)977.1M539.9M
Net Working Capital354.0M322.4M344.4M360.6M348.0M366.9M

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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.