Zhejiang Long Term Investments vs Good Will Analysis

002099 Stock

5.95 0.03 0.51%

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

Long Term Investments vs Good Will

Long Term Investments vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Hisoar Phar Long Term Investments account and Good Will. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Zhejiang Hisoar's Long Term Investments and Good Will is -0.07. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Good Will in the same time period over historical financial statements of Zhejiang Hisoar Pharmaceutical, assuming nothing else is changed. The correlation between historical values of Zhejiang Hisoar's Long Term Investments 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 Long Term Investments of Zhejiang Hisoar Pharmaceutical 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 Long Term Investments i.e., Zhejiang Hisoar's Long Term Investments and Good Will go up and down completely randomly.

Correlation Coefficient

-0.07

Relationship Direction	Negative
Relationship Strength	Insignificant

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Long Term Investments

Long Term Investments is an item on the asset side of Zhejiang Hisoar balance sheet that represents investments Zhejiang Hisoar Phar intends to hold for over a year. Zhejiang Hisoar Pharmaceutical long term investments may include different instruments such as stocks, bonds, real estate and cash.

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 Zhejiang Hisoar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Hisoar Phar 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 Hisoar Pharmaceutical. 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 161.1 M, whereas Tax Provision is projected to grow to (42.4 M).

	2021	2022	2023	2024 (projected)
Gross Profit	925.4M	720.3M	304.6M	289.4M
Research Development	167.8M	148.5M	115.6M	134.8M

Gross Profit Research Development

Zhejiang Hisoar fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Net Tangible Assets	Other Stockholder Equity	Long Term Investments	Total Current Assets	Treasury Stock	Non Current Assets Total	Non Currrent Assets Other
Total Assets		-0.07	0.88	0.99	0.71	0.85	0.83	0.84	0.5	-0.32	0.92	0.36	0.94	-0.06	0.79	0.25	0.89	0.69	-0.16	0.82	0.01	0.56	0.79	0.84	0.62	-0.74
Other Current Liab	-0.07		-0.12	-0.05	-0.44	-0.1	-0.02	-0.14	0.28	0.03	0.09	0.35	0.08	0.43	-0.1	0.59	-0.28	-0.38	0.58	-0.46	-0.36	-0.17	-0.12	-0.28	-0.48	0.27
Total Current Liabilities	0.88	-0.12		0.8	0.67	0.6	0.78	0.83	0.43	-0.14	0.84	0.39	0.8	-0.02	0.97	0.26	0.77	0.56	-0.2	0.69	0.2	0.59	0.82	0.7	0.5	-0.57
Total Stockholder Equity	0.99	-0.05	0.8		0.69	0.89	0.8	0.81	0.47	-0.41	0.9	0.34	0.94	-0.08	0.69	0.22	0.89	0.7	-0.14	0.83	-0.05	0.52	0.75	0.86	0.63	-0.78
Other Liab	0.71	-0.44	0.67	0.69		0.49	0.41	0.63	0.58	-0.41	0.61	0.16	0.61	-0.47	0.62	0.01	0.77	0.7	-0.47	0.64	0.3	0.54	0.51	0.51	0.55	-0.43
Retained Earnings	0.85	-0.1	0.6	0.89	0.49		0.84	0.67	0.19	-0.28	0.79	0.29	0.88	0.16	0.5	0.06	0.76	0.63	0.0	0.79	-0.22	0.35	0.68	0.91	0.63	-0.85
Accounts Payable	0.83	-0.02	0.78	0.8	0.41	0.84		0.61	0.27	-0.07	0.76	0.25	0.88	0.23	0.73	0.24	0.7	0.66	-0.09	0.76	0.0	0.25	0.66	0.84	0.69	-0.77
Cash	0.84	-0.14	0.83	0.81	0.63	0.67	0.61		0.31	-0.28	0.88	0.48	0.71	-0.03	0.76	0.06	0.8	0.38	0.01	0.64	-0.14	0.79	0.97	0.73	0.27	-0.56
Other Assets	0.5	0.28	0.43	0.47	0.58	0.19	0.27	0.31		-0.14	0.47	0.12	0.47	-0.27	0.46	0.42	0.38	0.37	-0.06	0.17	0.01	0.36	0.17	0.04	0.17	0.03
Long Term Debt	-0.32	0.03	-0.14	-0.41	-0.41	-0.28	-0.07	-0.28	-0.14		-0.33	-0.23	-0.34	0.44	0.06	0.11	-0.3	-0.16	0.07	-0.22	-0.01	-0.1	-0.23	-0.27	-0.16	0.25
Net Receivables	0.92	0.09	0.84	0.9	0.61	0.79	0.76	0.88	0.47	-0.33		0.55	0.9	0.11	0.75	0.25	0.82	0.5	0.01	0.65	-0.15	0.61	0.86	0.77	0.36	-0.66
Short Term Investments	0.36	0.35	0.39	0.34	0.16	0.29	0.25	0.48	0.12	-0.23	0.55		0.39	0.5	0.32	0.01	0.32	-0.03	0.16	0.12	-0.09	0.31	0.51	0.3	-0.17	-0.3
Inventory	0.94	0.08	0.8	0.94	0.61	0.88	0.88	0.71	0.47	-0.34	0.9	0.39		0.09	0.72	0.28	0.8	0.67	-0.08	0.73	0.01	0.38	0.69	0.81	0.6	-0.75
Other Current Assets	-0.06	0.43	-0.02	-0.08	-0.47	0.16	0.23	-0.03	-0.27	0.44	0.11	0.5	0.09		0.02	0.07	-0.17	-0.24	0.44	-0.16	-0.37	-0.2	0.07	0.07	-0.25	-0.1
Total Liab	0.79	-0.1	0.97	0.69	0.62	0.5	0.73	0.76	0.46	0.06	0.75	0.32	0.72	0.02		0.28	0.68	0.49	-0.16	0.58	0.21	0.59	0.75	0.57	0.44	-0.44
Intangible Assets	0.25	0.59	0.26	0.22	0.01	0.06	0.24	0.06	0.42	0.11	0.25	0.01	0.28	0.07	0.28		0.14	0.19	0.06	0.01	-0.04	-0.04	0.02	0.04	0.01	-0.03
Common Stock	0.89	-0.28	0.77	0.89	0.77	0.76	0.7	0.8	0.38	-0.3	0.82	0.32	0.8	-0.17	0.68	0.14		0.84	-0.48	0.9	0.22	0.62	0.76	0.87	0.68	-0.83
Property Plant Equipment	0.69	-0.38	0.56	0.7	0.7	0.63	0.66	0.38	0.37	-0.16	0.5	-0.03	0.67	-0.24	0.49	0.19	0.84		-0.71	0.88	0.45	0.23	0.34	0.72	0.9	-0.77
Good Will	-0.16	0.58	-0.2	-0.14	-0.47	0.0	-0.09	0.01	-0.06	0.07	0.01	0.16	-0.08	0.44	-0.16	0.06	-0.48	-0.71		-0.54	-0.84	-0.07	0.04	-0.26	-0.63	0.4
Net Tangible Assets	0.82	-0.46	0.69	0.83	0.64	0.79	0.76	0.64	0.17	-0.22	0.65	0.12	0.73	-0.16	0.58	0.01	0.9	0.88	-0.54		0.26	0.43	0.62	0.91	0.88	-0.9
Other Stockholder Equity	0.01	-0.36	0.2	-0.05	0.3	-0.22	0.0	-0.14	0.01	-0.01	-0.15	-0.09	0.01	-0.37	0.21	-0.04	0.22	0.45	-0.84	0.26		-0.01	-0.14	0.02	0.45	-0.16
Long Term Investments	0.56	-0.17	0.59	0.52	0.54	0.35	0.25	0.79	0.36	-0.1	0.61	0.31	0.38	-0.2	0.59	-0.04	0.62	0.23	-0.07	0.43	-0.01		0.75	0.37	0.13	-0.21
Total Current Assets	0.79	-0.12	0.82	0.75	0.51	0.68	0.66	0.97	0.17	-0.23	0.86	0.51	0.69	0.07	0.75	0.02	0.76	0.34	0.04	0.62	-0.14	0.75		0.77	0.26	-0.6
Treasury Stock	0.84	-0.28	0.7	0.86	0.51	0.91	0.84	0.73	0.04	-0.27	0.77	0.3	0.81	0.07	0.57	0.04	0.87	0.72	-0.26	0.91	0.02	0.37	0.77		0.7	-0.96
Non Current Assets Total	0.62	-0.48	0.5	0.63	0.55	0.63	0.69	0.27	0.17	-0.16	0.36	-0.17	0.6	-0.25	0.44	0.01	0.68	0.9	-0.63	0.88	0.45	0.13	0.26	0.7		-0.74
Non Currrent Assets Other	-0.74	0.27	-0.57	-0.78	-0.43	-0.85	-0.77	-0.56	0.03	0.25	-0.66	-0.3	-0.75	-0.1	-0.44	-0.03	-0.83	-0.77	0.4	-0.9	-0.16	-0.21	-0.6	-0.96	-0.74

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Zhejiang Hisoar Account Relationship Matchups

Zhejiang Hisoar fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.7B	7.2B	8.0B	8.4B	7.5B	4.2B
Other Current Liab	61.7M	39.8M	39.9M	54.3M	1.2M	1.1M
Total Current Liabilities	940.3M	1.2B	1.7B	2.0B	1.8B	1.1B
Total Stockholder Equity	5.7B	5.9B	6.1B	6.1B	5.6B	3.0B
Other Liab	82.5M	144.7M	155.8M	155.4M	178.7M	187.6M
Retained Earnings	1.7B	1.6B	1.7B	1.6B	816.5M	678.9M
Accounts Payable	601.7M	613.2M	1.0B	995.0M	603.3M	450.2M
Cash	1.6B	2.0B	1.8B	1.5B	1.4B	977.3M
Other Assets	40.6M	53.6M	94.5M	62.2M	71.5M	55.2M
Net Receivables	552.6M	405.7M	577.5M	498.9M	424.7M	359.7M
Inventory	843.0M	727.4M	908.0M	1.1B	702.3M	536.5M
Other Current Assets	110.3M	85.7M	114.0M	68.2M	25.2M	23.9M
Total Liab	1.0B	1.3B	1.9B	2.3B	1.9B	1.2B
Intangible Assets	533.5M	517.9M	490.1M	555.8M	520.8M	353.8M
Property Plant Equipment	2.3B	2.6B	3.0B	3.1B	3.6B	3.7B
Net Tangible Assets	4.4B	4.6B	4.9B	4.8B	5.6B	4.5B
Other Stockholder Equity	(1.5M)	(1.3M)	(1.6M)	2.6M	3.0M	3.1M
Total Current Assets	3.1B	3.2B	3.4B	3.2B	2.6B	2.7B
Non Current Assets Total	3.7B	3.9B	4.6B	5.1B	4.9B	4.3B
Non Currrent Assets Other	516.0K	450K	30.9M	17.0M	15.3M	26.2M
Non Current Liabilities Total	82.5M	144.7M	173.6M	317.5M	111.5M	141.7M
Short Long Term Debt	200.3M	430.4M	570.6M	832.5M	1.0B	575.6M
Net Invested Capital	5.9B	6.3B	6.7B	7.1B	6.6B	7.1B
Net Working Capital	2.1B	2.1B	1.7B	1.3B	818.9M	1.4B
Deferred Long Term Liab	1.6M	1.4M	2.5M	2.1M	2.4M	2.1M

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Other Information on Investing in Zhejiang Stock

Balance Sheet is a snapshot of the financial position of Zhejiang Hisoar Phar at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Hisoar Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Hisoar 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.

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Zhejiang Long Term Investments vs Good Will Analysis

Long Term Investments vs Good Will

Long Term Investments vs Good Will Correlation Analysis

Correlation Coefficient

Long Term Investments

Good Will

Zhejiang Hisoar fundamental ratios Correlations

Zhejiang Hisoar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Hisoar fundamental ratios Accounts

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Other Information on Investing in Zhejiang Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.97	Total Current Liabilities
Total Current Assets	+ 0.97	Cash
Inventory	+ 0.94	Total Assets
Inventory	+ 0.94	Total Stockholder Equity
Net Receivables	+ 0.92	Total Assets

Non Currrent Assets Other	- 0.96	Treasury Stock
Non Currrent Assets Other	- 0.9	Net Tangible Assets
Non Currrent Assets Other	- 0.85	Retained Earnings
Other Stockholder Equity	- 0.84	Good Will
Non Currrent Assets Other	- 0.83	Common Stock
Non Currrent Assets Other	- 0.78	Total Stockholder Equity