Zhejiang Total Revenue vs Non Current Assets Total Analysis

002318 Stock   23.40  0.60  2.50%   
Zhejiang JIULI financial indicator trend analysis is more than just analyzing Zhejiang JIULI Hi current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang JIULI Hi is a good investment. Please check the relationship between Zhejiang JIULI Total Revenue and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang JIULI Hi 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 board of governors.

Total Revenue vs Non Current Assets Total

Total Revenue vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang JIULI Hi Total Revenue account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Zhejiang JIULI's Total Revenue and Non Current Assets Total is 0.96. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Zhejiang JIULI Hi tech, assuming nothing else is changed. The correlation between historical values of Zhejiang JIULI's Total Revenue and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Zhejiang JIULI Hi tech are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Revenue i.e., Zhejiang JIULI's Total Revenue and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Revenue

Total revenue comprises all receipts Zhejiang JIULI Hi generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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.
Most indicators from Zhejiang JIULI's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang JIULI Hi 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 JIULI Hi 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 board of governors.
The current year's Tax Provision is expected to grow to about 263.9 M, whereas Selling General Administrative is forecasted to decline to about 303.3 M.
 2021 2022 2023 2024 (projected)
Operating Income844.1M883.1M1.2B1.3B
Total Revenue6.0B6.5B8.6B9.0B

Zhejiang JIULI fundamental ratios Correlations

0.70.640.960.990.740.95-0.911.00.620.950.97-0.010.960.970.250.990.61-0.290.980.990.720.740.640.99-0.03
0.70.80.730.60.230.7-0.490.690.020.770.530.10.780.740.490.680.69-0.640.810.770.780.250.280.610.34
0.640.80.620.570.350.57-0.420.630.140.640.550.180.650.710.540.640.45-0.420.720.670.540.320.280.580.39
0.960.730.620.920.580.99-0.940.980.50.990.89-0.130.990.880.050.940.51-0.510.980.970.880.610.440.94-0.22
0.990.60.570.920.80.92-0.910.980.680.920.99-0.020.920.950.240.990.6-0.160.940.970.650.790.690.99-0.06
0.740.230.350.580.80.57-0.650.70.840.550.840.090.560.750.30.750.370.250.620.660.210.940.890.750.05
0.950.70.570.990.920.57-0.950.970.460.990.87-0.140.990.880.030.930.57-0.50.960.970.860.590.450.94-0.23
-0.91-0.49-0.42-0.94-0.91-0.65-0.95-0.94-0.59-0.93-0.890.29-0.93-0.80.12-0.91-0.460.34-0.88-0.91-0.76-0.68-0.48-0.940.4
1.00.690.630.980.980.70.97-0.940.60.970.96-0.070.980.950.180.990.59-0.350.980.990.770.710.590.99-0.11
0.620.020.140.50.680.840.46-0.590.60.430.780.160.440.610.150.630.040.330.510.530.070.870.680.68-0.08
0.950.770.640.990.920.550.99-0.930.970.430.86-0.171.00.890.10.940.62-0.520.980.980.880.580.450.94-0.17
0.970.530.550.890.990.840.87-0.890.960.780.860.040.870.940.230.970.49-0.090.910.930.570.830.710.98-0.06
-0.010.10.18-0.13-0.020.09-0.140.29-0.070.16-0.170.04-0.110.170.6-0.05-0.060.150.0-0.03-0.320.060.2-0.070.63
0.960.780.650.990.920.560.99-0.930.980.441.00.87-0.110.90.130.950.61-0.510.980.980.870.590.460.94-0.13
0.970.740.710.880.950.750.88-0.80.950.610.890.940.170.90.460.950.65-0.240.950.960.620.740.70.940.19
0.250.490.540.050.240.30.030.120.180.150.10.230.60.130.460.240.520.150.270.26-0.150.250.490.190.95
0.990.680.640.940.990.750.93-0.910.990.630.940.97-0.050.950.950.240.61-0.230.960.980.720.760.630.98-0.05
0.610.690.450.510.60.370.57-0.460.590.040.620.49-0.060.610.650.520.61-0.190.610.670.450.330.520.570.37
-0.29-0.64-0.42-0.51-0.160.25-0.50.34-0.350.33-0.52-0.090.15-0.51-0.240.15-0.23-0.19-0.46-0.38-0.770.240.21-0.240.19
0.980.810.720.980.940.620.96-0.880.980.510.980.910.00.980.950.270.960.61-0.460.990.810.640.530.950.0
0.990.770.670.970.970.660.97-0.910.990.530.980.93-0.030.980.960.260.980.67-0.380.990.790.680.580.97-0.02
0.720.780.540.880.650.210.86-0.760.770.070.880.57-0.320.870.62-0.150.720.45-0.770.810.790.260.090.69-0.33
0.740.250.320.610.790.940.59-0.680.710.870.580.830.060.590.740.250.760.330.240.640.680.260.790.77-0.01
0.640.280.280.440.690.890.45-0.480.590.680.450.710.20.460.70.490.630.520.210.530.580.090.790.650.28
0.990.610.580.940.990.750.94-0.940.990.680.940.98-0.070.940.940.190.980.57-0.240.950.970.690.770.65-0.1
-0.030.340.39-0.22-0.060.05-0.230.4-0.11-0.08-0.17-0.060.63-0.130.190.95-0.050.370.190.0-0.02-0.33-0.010.28-0.1
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Zhejiang JIULI Account Relationship Matchups

Zhejiang JIULI fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.0B6.8B7.8B9.9B13.0B13.6B
Short Long Term Debt Total968.6M229.9M248.2M603.8M1.6B1.7B
Other Current Liab364.6M36.7M100.5M348.7M462.7M485.8M
Total Current Liabilities1.4B1.6B2.3B2.9B5.0B5.2B
Total Stockholder Equity3.4B4.8B5.1B6.2B7.4B7.7B
Property Plant And Equipment Net1.8B2.1B2.6B2.7B2.9B1.6B
Current Deferred Revenue246.3M740.2M839.2M891.0M2.2B2.3B
Net Debt384.5M(1.0B)(1.0B)(1.4B)(2.3B)(2.2B)
Retained Earnings1.4B1.8B2.2B3.0B4.2B4.4B
Accounts Payable698.0M658.4M1.1B1.3B757.7M520.8M
Cash584.1M1.2B1.3B2.0B3.9B4.1B
Non Current Assets Total2.7B3.0B3.7B4.4B4.5B4.7B
Non Currrent Assets Other312.1M35.4M53.4M1.5M1.9M1.8M
Cash And Short Term Investments887.1M1.3B1.3B2.0B3.9B4.1B
Net Receivables1.2B887.1M1.3B1.4B1.9B2.0B
Liabilities And Stockholders Equity6.0B6.8B7.8B9.9B13.0B13.6B
Non Current Liabilities Total1.0B252.3M274.9M517.9M401.7M361.9M
Inventory1.1B1.4B1.5B2.0B2.4B2.5B
Other Current Assets60.7M294.4M51.6M60.3M300.3M315.3M
Other Stockholder Equity864.9M1.6B1.4B1.6B(313.3M)(297.6M)
Total Liab2.4B1.9B2.6B3.4B5.4B5.6B
Total Current Assets3.3B3.8B4.2B5.4B8.5B8.9B
Short Term Debt59.6M181.9M208.1M403.6M1.6B1.6B
Intangible Assets212.8M253.2M364.5M372.8M372.2M195.3M
Common Stock841.5M841.5M964.5M977.2M1.1B611.1M
Other Liab137.6M204.3M234.9M317.7M365.4M383.7M
Long Term Debt909.0M48.1M40.0M200.2M68.0M64.6M
Property Plant Equipment1.8B2.1B2.6B2.7B3.1B1.8B
Short Term Investments302.9M35.4M53.4M1.5M475.0K451.3K
Other Assets22.6M1.014.5M20.4M18.4M12.9M
Net Tangible Assets3.2B4.5B4.7B5.8B6.7B4.0B
Short Long Term Debt59.6M83.5M175.1M393.6M706.3M741.6M
Non Current Liabilities Other831.8M867.6M909.0M21.2M19.1M18.1M
Common Stock Shares Outstanding841.5M841.5M964.5M977.2M1.1B1.0B
Net Invested Capital4.4B4.9B5.3B6.8B8.0B5.9B
Net Working Capital2.0B2.2B1.9B2.5B3.5B2.6B

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Other Information on Investing in Zhejiang Stock

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