Zhejiang Net Interest Income vs Other Operating Expenses 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 Net Interest Income and its Other Operating Expenses 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.

Net Interest Income vs Other Operating Expenses

Net Interest Income vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Weixing New Net Interest Income account and Other Operating Expenses. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Zhejiang Weixing's Net Interest Income and Other Operating Expenses is -0.01. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Other Operating Expenses 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 Net Interest Income and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Interest Income of Zhejiang Weixing New are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Net Interest Income i.e., Zhejiang Weixing's Net Interest Income and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.01

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Zhejiang Weixing New. It is also known as Zhejiang Weixing overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

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 Net Interest Income vs Other Operating Expenses Analysis

Net Interest Income vs Other Operating Expenses

Net Interest Income vs Other Operating Expenses Correlation Analysis

Correlation Coefficient

Net Interest Income

Other Operating Expenses

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