Shenzhen Good Will vs Non Currrent Assets Other Analysis

002334 Stock   8.10  0.26  3.32%   
Shenzhen INVT financial indicator trend analysis is much more than just breaking down Shenzhen INVT Electric prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen INVT Electric is a good investment. Please check the relationship between Shenzhen INVT Good Will and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen INVT Electric. 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.

Good Will vs Non Currrent Assets Other

Good Will vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen INVT Electric Good Will account and Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Shenzhen INVT's Good Will and Non Currrent Assets Other is -0.15. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Shenzhen INVT Electric, assuming nothing else is changed. The correlation between historical values of Shenzhen INVT's Good Will and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Shenzhen INVT Electric are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Good Will i.e., Shenzhen INVT's Good Will and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.15
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Shenzhen INVT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen INVT Electric 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 Shenzhen INVT Electric. 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 73.8 M, whereas Selling General Administrative is forecasted to decline to about 285.6 M.
 2021 2022 2023 2024 (projected)
Operating Income199.2M315.3M442.4M464.5M
Total Revenue3.0B4.1B4.6B4.8B

Shenzhen INVT fundamental ratios Correlations

0.670.960.80.990.970.640.630.920.960.350.970.770.710.960.830.92-0.23-0.690.760.89-0.830.780.890.90.79
0.670.760.640.650.710.450.30.670.710.230.70.370.520.590.560.540.11-0.630.60.62-0.710.660.790.750.71
0.960.760.740.950.990.550.540.940.980.30.990.690.710.950.820.91-0.2-0.80.760.88-0.90.870.910.950.88
0.80.640.740.820.750.790.520.750.780.270.710.680.870.70.50.65-0.07-0.660.680.57-0.630.710.760.740.63
0.990.650.950.820.950.580.550.920.950.320.950.820.750.930.790.9-0.18-0.70.730.84-0.820.780.860.890.79
0.970.710.990.750.950.560.560.920.970.290.990.710.720.970.830.93-0.28-0.80.770.88-0.880.850.90.940.87
0.640.450.550.790.580.560.570.540.610.060.550.430.560.550.440.42-0.09-0.480.580.49-0.480.540.630.560.37
0.630.30.540.520.550.560.570.490.530.650.590.20.260.650.570.67-0.4-0.280.550.61-0.440.390.520.540.52
0.920.670.940.750.920.920.540.490.930.240.910.720.760.860.640.830.02-0.830.60.76-0.850.890.810.90.86
0.960.710.980.780.950.970.610.530.930.270.960.710.740.930.780.86-0.19-0.810.740.8-0.860.830.880.920.86
0.350.230.30.270.320.290.060.650.240.270.330.050.120.360.380.44-0.2-0.060.340.36-0.250.160.310.30.24
0.970.70.990.710.950.990.550.590.910.960.330.690.650.980.890.94-0.3-0.730.810.92-0.880.820.920.950.85
0.770.370.690.680.820.710.430.20.720.710.050.690.670.690.510.68-0.12-0.540.470.6-0.560.580.580.60.5
0.710.520.710.870.750.720.560.260.760.740.120.650.670.610.330.58-0.01-0.80.490.44-0.590.760.620.650.62
0.960.590.950.70.930.970.550.650.860.930.360.980.690.610.910.96-0.43-0.670.820.9-0.860.780.880.920.81
0.830.560.820.50.790.830.440.570.640.780.380.890.510.330.910.86-0.52-0.380.870.91-0.730.540.860.810.62
0.920.540.910.650.90.930.420.670.830.860.440.940.680.580.960.86-0.46-0.60.80.91-0.770.720.830.870.82
-0.230.11-0.2-0.07-0.18-0.28-0.09-0.40.02-0.19-0.2-0.3-0.12-0.01-0.43-0.52-0.46-0.06-0.49-0.360.060.04-0.24-0.17-0.15
-0.69-0.63-0.8-0.66-0.7-0.8-0.48-0.28-0.83-0.81-0.06-0.73-0.54-0.8-0.67-0.38-0.6-0.06-0.42-0.470.8-0.93-0.63-0.77-0.82
0.760.60.760.680.730.770.580.550.60.740.340.810.470.490.820.870.8-0.49-0.420.82-0.630.590.930.840.65
0.890.620.880.570.840.880.490.610.760.80.360.920.60.440.90.910.91-0.36-0.470.82-0.730.630.880.830.69
-0.83-0.71-0.9-0.63-0.82-0.88-0.48-0.44-0.85-0.86-0.25-0.88-0.56-0.59-0.86-0.73-0.770.060.8-0.63-0.73-0.92-0.78-0.92-0.79
0.780.660.870.710.780.850.540.390.890.830.160.820.580.760.780.540.720.04-0.930.590.63-0.920.760.90.83
0.890.790.910.760.860.90.630.520.810.880.310.920.580.620.880.860.83-0.24-0.630.930.88-0.780.760.940.78
0.90.750.950.740.890.940.560.540.90.920.30.950.60.650.920.810.87-0.17-0.770.840.83-0.920.90.940.89
0.790.710.880.630.790.870.370.520.860.860.240.850.50.620.810.620.82-0.15-0.820.650.69-0.790.830.780.89
Click cells to compare fundamentals

Shenzhen INVT Account Relationship Matchups

Shenzhen INVT fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B2.8B3.5B4.9B5.2B5.4B
Other Current Liab109.3M125.4M185.2M666.3M278.1M147.5M
Total Current Liabilities1.1B1.1B1.4B2.2B1.9B2.0B
Total Stockholder Equity1.6B1.7B1.9B2.3B2.6B1.4B
Retained Earnings647.4M783.0M965.3M1.2B1.4B1.4B
Accounts Payable593.7M678.3M753.3M1.2B1.0B1.1B
Cash494.9M611.2M668.5M721.8M957.6M540.6M
Other Assets120.5M113.6M109.7M150.4M172.9M181.6M
Net Receivables837.6M532.2M837.5M1.0B1.1B1.2B
Inventory386.6M449.2M714.3M831.7M734.7M771.5M
Other Current Assets73.6M77.8M117.7M186.2M219.1M230.1M
Total Liab1.1B1.2B1.6B2.6B2.5B2.6B
Intangible Assets117.1M113.9M125.1M119.4M182.7M191.9M
Common Stock754.2M753.5M753.5M782.3M899.6M476.7M
Property Plant Equipment484.2M562.1M717.3M902.2M1.0B1.1B
Other Liab38.2M34.7M33.3M52.9M60.8M63.8M
Good Will328.9M198.8M61.3M50.2M45.2M42.9M
Net Tangible Assets1.4B1.5B1.7B2.1B2.4B1.7B
Deferred Long Term Liab34.6M19.9M14.3M12.3M11.1M10.5M
Total Current Assets1.8B1.9B2.4B3.6B3.7B2.6B
Non Current Assets Total859.9M946.4M1.1B1.3B1.4B1.2B
Non Currrent Assets Other36.7M36.7M37.6M68.9M46.0M44.4M
Non Current Liabilities Total38.2M84.7M206.1M318.2M547.6M574.9M
Short Long Term Debt259M151M270.7M202.8M160.2M221.1M
Common Stock Shares Outstanding754.2M753.5M753.5M791.7M801.4M842.9M
Net Invested Capital1.8B1.9B2.3B2.7B3.1B2.5B
Net Working Capital734.9M812.6M956.5M1.3B1.8B1.2B

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Other Information on Investing in Shenzhen Stock

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