ZYF Cash vs Non Current Assets Total Analysis

002333 Stock   5.75  0.14  2.38%   
ZYF Lopsking financial indicator trend analysis is more than just analyzing ZYF Lopsking Aluminum current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZYF Lopsking Aluminum is a good investment. Please check the relationship between ZYF Lopsking Cash and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ZYF Lopsking Aluminum. 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.

Cash vs Non Current Assets Total

Cash vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ZYF Lopsking Aluminum Cash account and Non Current Assets Total. At this time, the significance of the direction appears to have almost no relationship.
The correlation between ZYF Lopsking's Cash and Non Current Assets Total is 0.15. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of ZYF Lopsking Aluminum, assuming nothing else is changed. The correlation between historical values of ZYF Lopsking's Cash 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 Cash of ZYF Lopsking Aluminum 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 Cash i.e., ZYF Lopsking's Cash and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.15
Relationship DirectionPositive 
Relationship StrengthInsignificant

Cash

Cash refers to the most liquid asset of ZYF Lopsking Aluminum, which is listed under current asset account on ZYF Lopsking Aluminum balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from ZYF Lopsking customers. The amounts must be unrestricted with restricted cash listed in a different ZYF Lopsking account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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 ZYF Lopsking's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZYF Lopsking Aluminum 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 ZYF Lopsking Aluminum. 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 Tax Provision is expected to grow to about 6.8 M, whereas Selling General Administrative is forecasted to decline to about 27.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit188.1M141.7M230.9M132.0M
Research Development43.6M31.0M32.5M23.6M

ZYF Lopsking fundamental ratios Correlations

0.420.680.870.270.70.230.410.590.730.940.250.670.370.730.380.270.660.66-0.460.850.80.110.660.580.77
0.420.40.260.080.14-0.050.510.270.280.40.550.370.420.180.340.010.030.09-0.120.20.220.210.190.070.15
0.680.40.4-0.130.920.090.250.00.950.670.071.00.130.750.040.080.630.82-0.410.810.720.170.920.680.83
0.870.260.40.620.470.260.390.850.510.780.230.380.460.650.590.350.480.48-0.360.560.570.010.380.320.53
0.270.08-0.130.62-0.14-0.170.290.65-0.040.240.06-0.160.740.240.780.010.02-0.11-0.01-0.14-0.040.03-0.2-0.2-0.13
0.70.140.920.47-0.140.140.160.020.950.710.030.930.040.8-0.080.090.680.91-0.470.880.830.060.910.70.94
0.23-0.050.090.26-0.170.140.110.370.020.03-0.330.08-0.48-0.09-0.130.180.15-0.020.240.110.020.150.140.360.1
0.410.510.250.390.290.160.110.350.120.31-0.10.220.450.010.350.070.220.070.120.140.080.130.110.290.17
0.590.270.00.850.650.020.370.350.070.420.27-0.030.40.30.580.390.020.07-0.210.160.19-0.15-0.02-0.080.06
0.730.280.950.51-0.040.950.020.120.070.740.190.940.160.860.060.110.670.92-0.540.870.830.080.870.620.91
0.940.40.670.780.240.710.030.310.420.740.320.670.420.740.350.160.710.7-0.520.830.850.20.690.560.81
0.250.550.070.230.060.03-0.33-0.10.270.190.320.050.230.240.24-0.01-0.160.11-0.390.170.32-0.11-0.03-0.270.11
0.670.371.00.38-0.160.930.080.22-0.030.940.670.050.10.750.020.080.640.83-0.410.820.730.180.940.690.84
0.370.420.130.460.740.04-0.480.450.40.160.420.230.10.370.53-0.06-0.020.09-0.310.110.2-0.10.02-0.220.03
0.730.180.750.650.240.8-0.090.010.30.860.740.240.750.370.110.330.480.88-0.710.80.8-0.250.710.30.77
0.380.340.040.590.78-0.08-0.130.350.580.060.350.240.020.530.11-0.090.2-0.120.09-0.070.00.44-0.020.06-0.04
0.270.010.080.350.010.090.180.070.390.110.16-0.010.08-0.060.33-0.090.140.36-0.240.280.02-0.540.140.020.2
0.660.030.630.480.020.680.150.220.020.670.71-0.160.64-0.020.480.20.140.63-0.090.70.590.460.650.890.82
0.660.090.820.48-0.110.91-0.020.070.070.920.70.110.830.090.88-0.120.360.63-0.690.870.81-0.180.820.510.92
-0.46-0.12-0.41-0.36-0.01-0.470.240.12-0.21-0.54-0.52-0.39-0.41-0.31-0.710.09-0.24-0.09-0.69-0.57-0.720.46-0.390.15-0.47
0.850.20.810.56-0.140.880.110.140.160.870.830.170.820.110.8-0.070.280.70.87-0.570.9-0.060.810.650.92
0.80.220.720.57-0.040.830.020.080.190.830.850.320.730.20.80.00.020.590.81-0.720.9-0.020.690.460.86
0.110.210.170.010.030.060.150.13-0.150.080.2-0.110.18-0.1-0.250.44-0.540.46-0.180.46-0.06-0.020.190.540.1
0.660.190.920.38-0.20.910.140.11-0.020.870.69-0.030.940.020.71-0.020.140.650.82-0.390.810.690.190.720.83
0.580.070.680.32-0.20.70.360.29-0.080.620.56-0.270.69-0.220.30.060.020.890.510.150.650.460.540.720.75
0.770.150.830.53-0.130.940.10.170.060.910.810.110.840.030.77-0.040.20.820.92-0.470.920.860.10.830.75
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ZYF Lopsking Account Relationship Matchups

ZYF Lopsking fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B1.6B2.3B2.8B3.3B1.7B
Other Current Liab55.4M133.9M157.9M288.9M190.0M168.0M
Total Current Liabilities87.7M317.2M452.2M863.0M1.2B1.2B
Total Stockholder Equity1.3B1.3B1.8B1.7B1.9B1.3B
Retained Earnings309.6M336.4M400.7M253.0M301.6M332.8M
Accounts Payable17.6M146.6M244.7M335.7M377.6M396.5M
Cash217.4M387.4M228.3M326.2M473.5M275.3M
Other Assets14.0M21.2M22.2M33.7M38.8M22.3M
Net Receivables72.0M216.3M634.2M681.2M950.8M998.3M
Inventory100.1M118.1M220.5M287.0M273.8M152.8M
Other Current Assets18.5M45.0M79.5M75.8M8.9M8.5M
Total Liab92.6M326.8M465.6M1.0B1.3B1.4B
Intangible Assets93.3M106.2M100.2M107.9M93.0M81.4M
Property Plant Equipment820.3M393.2M438.5M620.9M714.0M634.2M
Short Term Investments117M438.7M36.0M180.2M207.2M146.7M
Net Tangible Assets1.2B1.0B1.5B1.5B1.7B1.4B
Deferred Long Term Liab4.5M8.1M4.3M12.4M14.2M14.9M
Total Current Assets846.8M891.7M1.3B1.7B2.2B1.2B
Other Liab8.0M4.9M9.6M11.9M13.7M8.8M
Non Current Assets Total516.2M742.7M925.4M1.1B1.1B1.0B
Non Currrent Assets Other516.2M515.3K5.2M7.0M6.3M6.0M
Non Current Liabilities Total4.9M9.6M13.4M160.8M147.2M154.6M
Net Invested Capital1.3B1.3B1.8B2.0B2.4B1.8B
Net Working Capital759.1M574.5M890.5M804.4M972.0M747.4M

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Other Information on Investing in ZYF Stock

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