Changchun Change To Inventory vs Change To Liabilities Analysis

002338 Stock

40.64 0.62 1.50%

Changchun financial indicator trend analysis is way more than just evaluating Changchun UP Optotech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changchun UP Optotech is a good investment. Please check the relationship between Changchun Change To Inventory and its Change To Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Changchun UP Optotech. 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.

Change To Inventory vs Change To Liabilities

Change To Inventory vs Change To Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changchun UP Optotech Change To Inventory account and Change To Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Changchun's Change To Inventory and Change To Liabilities is -0.63. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Change To Liabilities in the same time period over historical financial statements of Changchun UP Optotech, assuming nothing else is changed. The correlation between historical values of Changchun's Change To Inventory and Change To Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Changchun UP Optotech are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of Change To Inventory i.e., Changchun's Change To Inventory and Change To Liabilities go up and down completely randomly.

Correlation Coefficient

-0.63

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Change To Liabilities

Most indicators from Changchun's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changchun UP Optotech 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 Changchun UP Optotech. 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 45.7 M, whereas Tax Provision is forecasted to decline to about 2.3 M.

	2021	2022	2023	2024 (projected)
Operating Income	58.6M	54.8M	96.3M	50.6M
Total Revenue	546.8M	627.1M	773.5M	812.1M

Operating Income Total Revenue

Changchun 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	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Short Term Investments	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Other Stockholder Equity
Total Assets		-0.28	0.91	0.73	0.94	0.67	0.72	0.22	0.81	0.75	0.41	0.92	-0.19	0.91	0.76	0.54	0.96	0.63	0.64	-0.52	0.54	0.85	0.83	-0.66	0.92	-0.19
Other Current Liab	-0.28		-0.14	-0.22	-0.14	-0.37	0.09	0.19	-0.52	-0.22	-0.31	-0.42	0.11	-0.13	0.03	-0.46	-0.24	-0.6	0.17	0.63	-0.47	-0.14	-0.02	0.49	-0.11	-0.18
Total Current Liabilities	0.91	-0.14		0.46	0.99	0.38	0.56	0.32	0.64	0.75	0.1	0.74	-0.53	1.0	0.7	0.27	0.89	0.45	0.54	-0.29	0.32	0.87	0.84	-0.53	0.99	-0.36
Total Stockholder Equity	0.73	-0.22	0.46		0.54	0.93	0.83	0.18	0.69	0.48	0.7	0.8	0.35	0.46	0.52	0.81	0.66	0.63	0.57	-0.6	0.73	0.68	0.7	-0.62	0.49	0.11
Other Liab	0.94	-0.14	0.99	0.54		0.46	0.63	0.29	0.69	0.75	0.17	0.8	-0.42	0.99	0.73	0.35	0.92	0.47	0.63	-0.36	0.39	0.88	0.87	-0.58	1.0	-0.35
Retained Earnings	0.67	-0.37	0.38	0.93	0.46		0.84	-0.13	0.78	0.57	0.59	0.85	0.43	0.4	0.38	0.91	0.56	0.78	0.62	-0.76	0.88	0.64	0.66	-0.69	0.43	0.27
Accounts Payable	0.72	0.09	0.56	0.83	0.63	0.84		-0.01	0.65	0.63	0.37	0.79	0.33	0.58	0.56	0.68	0.65	0.54	0.84	-0.53	0.66	0.76	0.83	-0.55	0.62	0.04
Cash	0.22	0.19	0.32	0.18	0.29	-0.13	-0.01		-0.1	0.06	0.0	-0.08	-0.44	0.28	0.14	-0.24	0.19	-0.13	-0.2	0.29	-0.27	0.3	0.21	0.09	0.25	-0.19
Other Assets	0.81	-0.52	0.64	0.69	0.69	0.78	0.65	-0.1		0.63	0.44	0.9	0.08	0.65	0.52	0.63	0.72	0.73	0.57	-0.67	0.65	0.67	0.64	-0.56	0.66	-0.03
Long Term Debt	0.75	-0.22	0.75	0.48	0.75	0.57	0.63	0.06	0.63		-0.1	0.77	-0.24	0.75	0.38	0.46	0.64	0.75	0.54	-0.49	0.55	0.78	0.73	-0.73	0.74	0.3
Net Receivables	0.41	-0.31	0.1	0.7	0.17	0.59	0.37	0.0	0.44	-0.1		0.47	0.4	0.1	0.51	0.54	0.47	0.27	0.12	-0.3	0.37	0.2	0.2	-0.19	0.11	-0.17
Inventory	0.92	-0.42	0.74	0.8	0.8	0.85	0.79	-0.08	0.9	0.77	0.47		0.07	0.75	0.63	0.74	0.86	0.8	0.7	-0.73	0.75	0.77	0.77	-0.74	0.77	0.03
Other Current Assets	-0.19	0.11	-0.53	0.35	-0.42	0.43	0.33	-0.44	0.08	-0.24	0.4	0.07		-0.5	-0.1	0.39	-0.23	0.09	0.29	-0.32	0.29	-0.31	-0.2	0.01	-0.44	0.4
Total Liab	0.91	-0.13	1.0	0.46	0.99	0.4	0.58	0.28	0.65	0.75	0.1	0.75	-0.5		0.71	0.29	0.9	0.44	0.59	-0.3	0.34	0.88	0.86	-0.54	1.0	-0.37
Intangible Assets	0.76	0.03	0.7	0.52	0.73	0.38	0.56	0.14	0.52	0.38	0.51	0.63	-0.1	0.71		0.18	0.87	0.1	0.46	-0.08	0.08	0.59	0.61	-0.27	0.71	-0.37
Common Stock	0.54	-0.46	0.27	0.81	0.35	0.91	0.68	-0.24	0.63	0.46	0.54	0.74	0.39	0.29	0.18		0.43	0.79	0.51	-0.79	0.97	0.52	0.55	-0.78	0.32	0.27
Property Plant Equipment	0.96	-0.24	0.89	0.66	0.92	0.56	0.65	0.19	0.72	0.64	0.47	0.86	-0.23	0.9	0.87	0.43		0.48	0.56	-0.4	0.4	0.79	0.77	-0.57	0.89	-0.29
Net Tangible Assets	0.63	-0.6	0.45	0.63	0.47	0.78	0.54	-0.13	0.73	0.75	0.27	0.8	0.09	0.44	0.1	0.79	0.48		0.38	-0.8	0.86	0.57	0.5	-0.73	0.43	0.4
Short Term Investments	0.64	0.17	0.54	0.57	0.63	0.62	0.84	-0.2	0.57	0.54	0.12	0.7	0.29	0.59	0.46	0.51	0.56	0.38		-0.53	0.56	0.58	0.72	-0.5	0.65	-0.11
Deferred Long Term Liab	-0.52	0.63	-0.29	-0.6	-0.36	-0.76	-0.53	0.29	-0.67	-0.49	-0.3	-0.73	-0.32	-0.3	-0.08	-0.79	-0.4	-0.8	-0.53		-0.83	-0.39	-0.4	0.75	-0.34	-0.27
Long Term Investments	0.54	-0.47	0.32	0.73	0.39	0.88	0.66	-0.27	0.65	0.55	0.37	0.75	0.29	0.34	0.08	0.97	0.4	0.86	0.56	-0.83		0.55	0.58	-0.79	0.37	0.29
Total Current Assets	0.85	-0.14	0.87	0.68	0.88	0.64	0.76	0.3	0.67	0.78	0.2	0.77	-0.31	0.88	0.59	0.52	0.79	0.57	0.58	-0.39	0.55		0.97	-0.61	0.88	-0.18
Non Current Assets Total	0.83	-0.02	0.84	0.7	0.87	0.66	0.83	0.21	0.64	0.73	0.2	0.77	-0.2	0.86	0.61	0.55	0.77	0.5	0.72	-0.4	0.58	0.97		-0.63	0.88	-0.22
Non Currrent Assets Other	-0.66	0.49	-0.53	-0.62	-0.58	-0.69	-0.55	0.09	-0.56	-0.73	-0.19	-0.74	0.01	-0.54	-0.27	-0.78	-0.57	-0.73	-0.5	0.75	-0.79	-0.61	-0.63		-0.56	-0.29
Non Current Liabilities Total	0.92	-0.11	0.99	0.49	1.0	0.43	0.62	0.25	0.66	0.74	0.11	0.77	-0.44	1.0	0.71	0.32	0.89	0.43	0.65	-0.34	0.37	0.88	0.88	-0.56		-0.37
Other Stockholder Equity	-0.19	-0.18	-0.36	0.11	-0.35	0.27	0.04	-0.19	-0.03	0.3	-0.17	0.03	0.4	-0.37	-0.37	0.27	-0.29	0.4	-0.11	-0.27	0.29	-0.18	-0.22	-0.29	-0.37

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Changchun Account Relationship Matchups

Changchun fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	1.1B	1.2B	1.9B	2.2B	2.3B
Other Current Liab	27.0M	23.2M	41.4M	107.6M	8.4M	8.0M
Total Current Liabilities	82.9M	72.9M	102.7M	312.4M	412.2M	432.8M
Total Stockholder Equity	848.7M	892.1M	962.5M	1.1B	1.2B	733.5M
Other Liab	31.1M	34.1M	39.4M	168.5M	193.7M	203.4M
Retained Earnings	358.2M	392.2M	426.3M	463.8M	474.7M	255.4M
Accounts Payable	42.3M	41.9M	54.1M	96.7M	64.0M	35.0M
Cash	127.4M	146.8M	136.4M	137.0M	315.1M	193.4M
Other Assets	27.2M	19.3M	28.0M	32.6M	37.5M	39.4M
Long Term Debt	8.5M	7.9M	1.2M	98.7M	114.2M	119.9M
Net Receivables	255.6M	166.4M	233.0M	214.3M	268.8M	199.6M
Inventory	264.6M	290.8M	332.7M	422.2M	424.0M	445.2M
Other Current Assets	82.7M	84.9M	94.2M	96.7M	347.2K	329.8K
Total Liab	115.2M	107.0M	146.3M	585.3M	711.2M	746.7M
Intangible Assets	16.4M	19.0M	16.7M	63.7M	56.9M	59.8M
Property Plant Equipment	176.8M	183.3M	191.4M	326.8M	375.8M	394.6M
Net Tangible Assets	831.9M	868.2M	945.5M	778.6M	895.4M	879.0M
Deferred Long Term Liab	1.0M	777.0K	986.3K	1.1M	1.0M	910.3K
Total Current Assets	731.9M	743.4M	806.2M	991.9M	1.2B	881.4M
Non Current Assets Total	308.5M	340.1M	390.0M	939.1M	1.0B	527.5M
Non Currrent Assets Other	18.0M	5.7M	12.3M	9.7M	5.0M	8.8M
Non Current Liabilities Total	32.4M	34.1M	43.6M	272.9M	299.0M	313.9M
Other Stockholder Equity	19.5K	3.0M	1.6M	(359.0K)	(412.8K)	(392.2K)
Net Invested Capital	848.7M	892.1M	962.5M	1.3B	1.5B	1.1B
Net Working Capital	649.1M	670.4M	703.5M	679.5M	756.9M	737.9M

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

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Changchun Change To Inventory vs Change To Liabilities Analysis

Change To Inventory vs Change To Liabilities

Change To Inventory vs Change To Liabilities Correlation Analysis

Correlation Coefficient

Change To Inventory

Change To Liabilities

Changchun fundamental ratios Correlations

Changchun Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Changchun fundamental ratios Accounts

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COMMON DESTINATIONS

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Total Liab	+ 1.0	Total Current Liabilities
Non Current Liabilities Total	+ 1.0	Other Liab
Non Current Liabilities Total	+ 1.0	Total Liab
Other Liab	+ 0.99	Total Current Liabilities
Non Current Liabilities Total	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Other Liab

Long Term Investments	- 0.83	Deferred Long Term Liab
Deferred Long Term Liab	- 0.8	Net Tangible Assets
Non Currrent Assets Other	- 0.79	Long Term Investments
Deferred Long Term Liab	- 0.79	Common Stock
Non Currrent Assets Other	- 0.78	Common Stock
Deferred Long Term Liab	- 0.76	Retained Earnings