Zhejiang Long Term Investments vs Other Liab Analysis

002372 Stock

12.67 0.51 3.87%

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

Long Term Investments vs Other Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Weixing New Long Term Investments account and Other Liab. At this time, the significance of the direction appears to have weak relationship.

The correlation between Zhejiang Weixing's Long Term Investments and Other Liab is 0.33. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Other Liab in the same time period over historical financial statements of Zhejiang Weixing New, assuming nothing else is changed. The correlation between historical values of Zhejiang Weixing's Long Term Investments and Other Liab 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 Weixing New are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Long Term Investments i.e., Zhejiang Weixing's Long Term Investments and Other Liab go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

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Long Term Investments

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

Other Liab

Most indicators from Zhejiang Weixing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Weixing New 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 Weixing New. 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.

As of November 24, 2024, Selling General Administrative is expected to decline to about 554.9 M. In addition to that, Tax Provision is expected to decline to about 214.4 M

	2021	2022	2023	2024 (projected)
Operating Income	1.4B	1.5B	1.5B	796.4M
Total Revenue	6.4B	7.0B	6.4B	3.6B

Operating Income Total Revenue

Zhejiang Weixing fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Other Liab	Short Term Investments	Net Tangible Assets	Deferred Long Term Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Long Term Investments	Treasury Stock
Total Assets		0.57	0.97	1.0	0.91	0.87	0.83	0.63	0.57	0.9	0.98	0.32	0.97	0.78	0.87	0.95	0.6	-0.3	0.93	0.75	0.93	0.84	-0.7	0.69	0.51	0.82
Other Current Liab	0.57		0.63	0.56	0.45	0.32	0.24	0.18	0.3	0.26	0.57	0.36	0.62	0.48	0.38	0.51	-0.15	-0.06	0.34	0.12	0.38	0.3	-0.26	0.19	0.1	0.6
Total Current Liabilities	0.97	0.63		0.95	0.9	0.86	0.81	0.62	0.43	0.79	0.96	0.32	1.0	0.78	0.87	0.86	0.55	-0.28	0.91	0.74	0.92	0.84	-0.72	0.63	0.44	0.83
Total Stockholder Equity	1.0	0.56	0.95		0.9	0.86	0.83	0.62	0.61	0.92	0.97	0.33	0.96	0.77	0.87	0.96	0.6	-0.3	0.92	0.73	0.91	0.83	-0.68	0.68	0.52	0.81
Retained Earnings	0.91	0.45	0.9	0.9		0.97	0.95	0.7	0.37	0.79	0.9	0.34	0.91	0.71	0.98	0.82	0.76	-0.3	0.93	0.73	0.95	0.91	-0.8	0.71	0.44	0.84
Accounts Payable	0.87	0.32	0.86	0.86	0.97		0.96	0.73	0.39	0.77	0.84	0.26	0.87	0.68	0.97	0.79	0.82	-0.32	0.9	0.81	0.92	0.9	-0.8	0.67	0.43	0.75
Cash	0.83	0.24	0.81	0.83	0.95	0.96		0.72	0.37	0.76	0.81	0.11	0.82	0.56	0.9	0.75	0.89	-0.42	0.91	0.8	0.94	0.88	-0.87	0.78	0.37	0.69
Other Assets	0.63	0.18	0.62	0.62	0.7	0.73	0.72		0.41	0.59	0.57	0.21	0.63	0.68	0.66	0.56	0.73	0.07	0.6	0.57	0.64	0.51	-0.53	0.55	0.01	0.45
Long Term Debt	0.57	0.3	0.43	0.61	0.37	0.39	0.37	0.41		0.66	0.5	0.13	0.43	0.43	0.34	0.76	0.2	-0.06	0.34	0.31	0.32	0.26	-0.17	0.2	0.19	0.28
Net Receivables	0.9	0.26	0.79	0.92	0.79	0.77	0.76	0.59	0.66		0.86	0.29	0.8	0.7	0.78	0.92	0.65	-0.24	0.85	0.68	0.83	0.71	-0.49	0.67	0.54	0.68
Inventory	0.98	0.57	0.96	0.97	0.9	0.84	0.81	0.57	0.5	0.86		0.32	0.96	0.74	0.87	0.92	0.56	-0.34	0.93	0.68	0.92	0.87	-0.71	0.63	0.56	0.82
Other Current Assets	0.32	0.36	0.32	0.33	0.34	0.26	0.11	0.21	0.13	0.29	0.32		0.32	0.3	0.38	0.31	0.03	0.67	0.25	-0.06	0.24	0.27	0.07	0.07	0.28	0.55
Total Liab	0.97	0.62	1.0	0.96	0.91	0.87	0.82	0.63	0.43	0.8	0.96	0.32		0.78	0.87	0.86	0.57	-0.29	0.93	0.76	0.93	0.84	-0.73	0.67	0.45	0.82
Intangible Assets	0.78	0.48	0.78	0.77	0.71	0.68	0.56	0.68	0.43	0.7	0.74	0.3	0.78		0.73	0.68	0.42	-0.06	0.65	0.56	0.65	0.54	-0.38	0.41	0.26	0.65
Common Stock	0.87	0.38	0.87	0.87	0.98	0.97	0.9	0.66	0.34	0.78	0.87	0.38	0.87	0.73		0.79	0.72	-0.27	0.9	0.7	0.9	0.89	-0.71	0.59	0.44	0.86
Property Plant Equipment	0.95	0.51	0.86	0.96	0.82	0.79	0.75	0.56	0.76	0.92	0.92	0.31	0.86	0.68	0.79		0.51	-0.29	0.83	0.65	0.81	0.75	-0.57	0.57	0.51	0.75
Other Liab	0.6	-0.15	0.55	0.6	0.76	0.82	0.89	0.73	0.2	0.65	0.56	0.03	0.57	0.42	0.72	0.51		-0.3	0.77	0.78	0.79	0.74	-0.75	0.81	0.33	0.42
Short Term Investments	-0.3	-0.06	-0.28	-0.3	-0.3	-0.32	-0.42	0.07	-0.06	-0.24	-0.34	0.67	-0.29	-0.06	-0.27	-0.29	-0.3		-0.39	-0.48	-0.39	-0.4	0.55	-0.35	-0.26	-0.12
Net Tangible Assets	0.93	0.34	0.91	0.92	0.93	0.9	0.91	0.6	0.34	0.85	0.93	0.25	0.93	0.65	0.9	0.83	0.77	-0.39		0.82	0.99	0.94	-0.81	0.78	0.58	0.78
Deferred Long Term Liab	0.75	0.12	0.74	0.73	0.73	0.81	0.8	0.57	0.31	0.68	0.68	-0.06	0.76	0.56	0.7	0.65	0.78	-0.48	0.82		0.81	0.77	-0.77	0.74	0.51	0.42
Total Current Assets	0.93	0.38	0.92	0.91	0.95	0.92	0.94	0.64	0.32	0.83	0.92	0.24	0.93	0.65	0.9	0.81	0.79	-0.39	0.99	0.81		0.93	-0.84	0.82	0.51	0.79
Non Current Assets Total	0.84	0.3	0.84	0.83	0.91	0.9	0.88	0.51	0.26	0.71	0.87	0.27	0.84	0.54	0.89	0.75	0.74	-0.4	0.94	0.77	0.93		-0.88	0.66	0.65	0.72
Non Currrent Assets Other	-0.7	-0.26	-0.72	-0.68	-0.8	-0.8	-0.87	-0.53	-0.17	-0.49	-0.71	0.07	-0.73	-0.38	-0.71	-0.57	-0.75	0.55	-0.81	-0.77	-0.84	-0.88		-0.71	-0.41	-0.5
Non Current Liabilities Total	0.69	0.19	0.63	0.68	0.71	0.67	0.78	0.55	0.2	0.67	0.63	0.07	0.67	0.41	0.59	0.57	0.81	-0.35	0.78	0.74	0.82	0.66	-0.71		0.43	0.47
Long Term Investments	0.51	0.1	0.44	0.52	0.44	0.43	0.37	0.01	0.19	0.54	0.56	0.28	0.45	0.26	0.44	0.51	0.33	-0.26	0.58	0.51	0.51	0.65	-0.41	0.43		0.26
Treasury Stock	0.82	0.6	0.83	0.81	0.84	0.75	0.69	0.45	0.28	0.68	0.82	0.55	0.82	0.65	0.86	0.75	0.42	-0.12	0.78	0.42	0.79	0.72	-0.5	0.47	0.26

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Zhejiang Weixing Account Relationship Matchups

Zhejiang Weixing fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.8B	5.7B	6.4B	6.9B	7.3B	3.8B
Other Current Liab	424.8M	699.7M	843.2M	667.8M	62.1M	59.0M
Total Current Liabilities	892.5M	1.3B	1.5B	1.4B	1.5B	797.3M
Total Stockholder Equity	3.9B	4.3B	4.9B	5.3B	5.6B	3.0B
Retained Earnings	2.1B	2.5B	3.0B	3.3B	3.0B	3.1B
Accounts Payable	318.7M	399.3M	385.3M	438.3M	496.7M	521.6M
Cash	1.6B	2.0B	2.4B	3.2B	3.2B	3.3B
Other Assets	23.2M	35.7M	62.9M	82.9M	95.3M	100.0M
Net Receivables	415.0M	292.3M	353.4M	444.3M	550.6M	295.2M
Inventory	728.4M	768.8M	1.1B	891.6M	1.0B	554.2M
Other Current Assets	203.9M	224.4M	223.2M	237.3M	112.2M	183.0M
Total Liab	919.0M	1.3B	1.5B	1.5B	1.5B	837.5M
Intangible Assets	264.8M	257.8M	255.3M	285.7M	362.6M	188.6M
Common Stock	1.0B	1.3B	1.6B	1.6B	1.8B	1.9B
Property Plant Equipment	1.2B	1.3B	1.3B	1.4B	1.6B	902.0M
Other Liab	26.5M	33.1M	37.4M	122.9M	141.4M	148.4M
Short Term Investments	340M	669.0M	112.9M	163.8M	147.4M	249.8M
Net Tangible Assets	3.6B	4.1B	4.7B	5.0B	5.8B	3.9B
Deferred Long Term Liab	11.7M	14.8M	11.8M	15.5M	17.9M	13.6M
Total Current Assets	3.1B	3.6B	4.3B	4.9B	5.1B	3.7B
Non Current Assets Total	1.7B	2.1B	2.1B	2.0B	2.2B	2.0B
Non Currrent Assets Other	1.4B	1.8B	1.7B	27.7M	55.5M	52.7M
Non Current Liabilities Total	26.5M	33.1M	44.5M	133.2M	81.5M	54.0M
Net Invested Capital	3.9B	4.3B	4.9B	5.3B	5.6B	4.9B
Net Working Capital	2.2B	2.3B	2.8B	3.6B	3.6B	2.9B

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Other Information on Investing in Zhejiang Stock

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

Long Term Investments vs Other Liab

Long Term Investments vs Other Liab Correlation Analysis

Correlation Coefficient

Long Term Investments

Other Liab

Zhejiang Weixing fundamental ratios Correlations

Zhejiang Weixing Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Weixing fundamental ratios Accounts

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Other Information on Investing in Zhejiang Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 0.99	Net Tangible Assets
Inventory	+ 0.98	Total Assets
Common Stock	+ 0.98	Retained Earnings
Total Current Liabilities	+ 0.97	Total Assets

Non Currrent Assets Other	- 0.88	Non Current Assets Total
Non Currrent Assets Other	- 0.87	Cash
Non Currrent Assets Other	- 0.84	Total Current Assets
Non Currrent Assets Other	- 0.81	Net Tangible Assets
Non Currrent Assets Other	- 0.8	Accounts Payable
Non Currrent Assets Other	- 0.8	Retained Earnings