Guangdong Net Receivables vs Total Assets Analysis

002446 Stock

7.02 0.34 4.62%

Guangdong Shenglu financial indicator trend analysis is much more than just examining Guangdong Shenglu latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Shenglu is a good investment. Please check the relationship between Guangdong Shenglu Net Receivables and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Shenglu Telecommunication. 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 Receivables vs Total Assets

Net Receivables vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangdong Shenglu Net Receivables account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Guangdong Shenglu's Net Receivables and Total Assets is 0.92. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Assets in the same time period over historical financial statements of Guangdong Shenglu Telecommunication, assuming nothing else is changed. The correlation between historical values of Guangdong Shenglu's Net Receivables and Total Assets 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 Receivables of Guangdong Shenglu Telecommunication are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Receivables i.e., Guangdong Shenglu's Net Receivables and Total Assets go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Total Assets

Total assets refers to the total amount of Guangdong Shenglu assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Guangdong Shenglu books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Guangdong Shenglu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Shenglu 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 Guangdong Shenglu Telecommunication. 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 98.7 M. The current year's Tax Provision is expected to grow to about 20.6 M

	2021	2022	2023	2024 (projected)
Operating Income	64.9M	293.4M	165.9M	98.1M
Total Revenue	962.1M	1.4B	1.2B	869.1M

Operating Income Total Revenue

Guangdong Shenglu fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	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	Short Long Term Debt
Total Assets		0.62	0.93	0.96	0.89	0.17	0.92	0.9	0.66	0.92	0.91	0.91	0.88	0.36	0.85	0.65	0.78	0.31	0.59	0.53	0.85	0.62	-0.62	0.52	0.83	0.43
Other Current Liab	0.62		0.79	0.44	0.71	0.1	0.54	0.76	0.4	0.62	0.44	0.5	0.8	0.45	0.34	0.07	0.49	0.16	0.06	0.81	0.65	0.69	-0.27	0.66	0.47	0.62
Total Current Liabilities	0.93	0.79		0.81	0.91	0.11	0.91	0.91	0.69	0.92	0.85	0.88	0.96	0.38	0.76	0.57	0.72	0.27	0.45	0.74	0.89	0.73	-0.61	0.64	0.79	0.6
Total Stockholder Equity	0.96	0.44	0.81		0.77	0.08	0.89	0.81	0.68	0.83	0.9	0.89	0.71	0.32	0.87	0.68	0.7	0.23	0.71	0.35	0.74	0.41	-0.6	0.27	0.8	0.24
Other Liab	0.89	0.71	0.91	0.77		0.43	0.78	0.79	0.45	0.94	0.71	0.84	0.92	0.18	0.63	0.46	0.92	0.59	0.22	0.73	0.72	0.72	-0.45	0.66	0.56	0.67
Retained Earnings	0.17	0.1	0.11	0.08	0.43		-0.05	0.04	-0.51	0.32	-0.1	0.11	0.29	-0.09	-0.14	-0.14	0.64	0.93	-0.49	0.24	-0.05	0.41	0.23	0.49	-0.27	0.45
Accounts Payable	0.92	0.54	0.91	0.89	0.78	-0.05		0.82	0.75	0.87	0.98	0.93	0.82	0.31	0.83	0.67	0.64	0.15	0.63	0.48	0.82	0.56	-0.58	0.41	0.84	0.3
Cash	0.9	0.76	0.91	0.81	0.79	0.04	0.82		0.69	0.77	0.82	0.79	0.89	0.38	0.79	0.56	0.6	0.1	0.54	0.64	0.92	0.66	-0.69	0.63	0.87	0.55
Other Assets	0.66	0.4	0.69	0.68	0.45	-0.51	0.75	0.69		0.55	0.75	0.69	0.52	0.31	0.87	0.81	0.17	-0.36	0.82	0.42	0.76	0.18	-0.84	0.08	0.83	0.23
Net Receivables	0.92	0.62	0.92	0.83	0.94	0.32	0.87	0.77	0.55		0.81	0.87	0.89	0.33	0.67	0.57	0.82	0.48	0.34	0.62	0.73	0.7	-0.48	0.59	0.62	0.55
Inventory	0.91	0.44	0.85	0.9	0.71	-0.1	0.98	0.82	0.75	0.81		0.91	0.76	0.32	0.86	0.72	0.58	0.07	0.73	0.38	0.81	0.53	-0.63	0.36	0.9	0.25
Other Current Assets	0.91	0.5	0.88	0.89	0.84	0.11	0.93	0.79	0.69	0.87	0.91		0.77	0.2	0.82	0.66	0.72	0.33	0.56	0.61	0.71	0.54	-0.57	0.34	0.74	0.49
Total Liab	0.88	0.8	0.96	0.71	0.92	0.29	0.82	0.89	0.52	0.89	0.76	0.77		0.35	0.64	0.48	0.77	0.38	0.28	0.72	0.88	0.84	-0.55	0.83	0.71	0.67
Intangible Assets	0.36	0.45	0.38	0.32	0.18	-0.09	0.31	0.38	0.31	0.33	0.32	0.2	0.35		0.25	0.16	0.04	-0.18	0.2	0.24	0.38	0.27	-0.25	0.27	0.36	0.16
Common Stock	0.85	0.34	0.76	0.87	0.63	-0.14	0.83	0.79	0.87	0.67	0.86	0.82	0.64	0.25		0.89	0.51	-0.01	0.81	0.38	0.83	0.26	-0.86	0.24	0.88	0.27
Property Plant Equipment	0.65	0.07	0.57	0.68	0.46	-0.14	0.67	0.56	0.81	0.57	0.72	0.66	0.48	0.16	0.89		0.32	-0.07	0.77	0.24	0.7	0.21	-0.89	0.17	0.74	0.24
Good Will	0.78	0.49	0.72	0.7	0.92	0.64	0.64	0.6	0.17	0.82	0.58	0.72	0.77	0.04	0.51	0.32		0.79	0.05	0.5	0.52	0.57	-0.24	0.59	0.35	0.49
Short Term Investments	0.31	0.16	0.27	0.23	0.59	0.93	0.15	0.1	-0.36	0.48	0.07	0.33	0.38	-0.18	-0.01	-0.07	0.79		-0.41	0.34	0.01	0.4	0.2	0.43	-0.2	0.47
Net Tangible Assets	0.59	0.06	0.45	0.71	0.22	-0.49	0.63	0.54	0.82	0.34	0.73	0.56	0.28	0.2	0.81	0.77	0.05	-0.41		-0.01	0.61	0.03	-0.75	-0.14	0.84	-0.1
Deferred Long Term Liab	0.53	0.81	0.74	0.35	0.73	0.24	0.48	0.64	0.42	0.62	0.38	0.61	0.72	0.24	0.38	0.24	0.5	0.34	-0.01		0.53	0.65	-0.35	0.56	0.35	0.87
Total Current Assets	0.85	0.65	0.89	0.74	0.72	-0.05	0.82	0.92	0.76	0.73	0.81	0.71	0.88	0.38	0.83	0.7	0.52	0.01	0.61	0.53		0.61	-0.81	0.66	0.91	0.45
Non Current Assets Total	0.62	0.69	0.73	0.41	0.72	0.41	0.56	0.66	0.18	0.7	0.53	0.54	0.84	0.27	0.26	0.21	0.57	0.4	0.03	0.65	0.61		-0.24	0.85	0.48	0.69
Non Currrent Assets Other	-0.62	-0.27	-0.61	-0.6	-0.45	0.23	-0.58	-0.69	-0.84	-0.48	-0.63	-0.57	-0.55	-0.25	-0.86	-0.89	-0.24	0.2	-0.75	-0.35	-0.81	-0.24		-0.3	-0.81	-0.4
Non Current Liabilities Total	0.52	0.66	0.64	0.27	0.66	0.49	0.41	0.63	0.08	0.59	0.36	0.34	0.83	0.27	0.24	0.17	0.59	0.43	-0.14	0.56	0.66	0.85	-0.3		0.38	0.66
Long Term Investments	0.83	0.47	0.79	0.8	0.56	-0.27	0.84	0.87	0.83	0.62	0.9	0.74	0.71	0.36	0.88	0.74	0.35	-0.2	0.84	0.35	0.91	0.48	-0.81	0.38		0.26
Short Long Term Debt	0.43	0.62	0.6	0.24	0.67	0.45	0.3	0.55	0.23	0.55	0.25	0.49	0.67	0.16	0.27	0.24	0.49	0.47	-0.1	0.87	0.45	0.69	-0.4	0.66	0.26

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Guangdong Shenglu Account Relationship Matchups

Guangdong Shenglu fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.5B	3.9B	3.9B	4.1B	4.3B	2.7B
Other Current Liab	427.7M	170.7M	56.6M	76.8M	162.7K	154.6K
Total Current Liabilities	1.4B	670.2M	865.0M	808.1M	818.9M	606.0M
Total Stockholder Equity	2.8B	3.0B	2.9B	3.1B	3.2B	1.9B
Other Liab	214.8M	83.1M	105.9M	109.4M	125.9M	88.5M
Retained Earnings	(154.9M)	26.3M	(185.9M)	57.8M	42.3M	40.2M
Accounts Payable	628.6M	413.3M	710.5M	618.8M	514.8M	390.4M
Cash	1.1B	925.5M	754.7M	637.8M	863.8M	555.5M
Other Assets	345.2M	151.1M	214.1M	214.9M	247.2M	259.5M
Net Receivables	885.4M	403.6M	696.2M	723.0M	705.6M	537.7M
Inventory	516.3M	392.5M	728.7M	595.7M	591.9M	316.6M
Other Current Assets	40.6M	19.1M	39.4M	31.9M	34.8M	20.4M
Total Liab	1.7B	839.8M	1.0B	968.1M	1.0B	783.5M
Intangible Assets	245.7M	175.0M	159.9M	149.2M	133.0M	112.5M
Common Stock	897.1M	908.8M	908.4M	912.9M	1.0B	1.1B
Property Plant Equipment	361.6M	246.0M	359.7M	526.5M	605.4M	635.7M
Good Will	1.2B	1.6B	877.1M	858.4M	755.0M	791.7M
Net Tangible Assets	1.7B	2.0B	1.8B	2.1B	2.5B	1.7B
Deferred Long Term Liab	50.5M	9.5M	11.5M	14.5M	13.0M	18.6M
Total Current Assets	2.6B	2.4B	2.2B	2.3B	2.5B	2.4B
Non Current Assets Total	1.9B	1.5B	1.6B	1.8B	1.8B	1.4B
Non Currrent Assets Other	9.1M	13.7M	18.0M	15.8M	132.6K	126.0K
Non Current Liabilities Total	345.0M	169.6M	155.4M	160.0M	230.2M	257.0M
Short Long Term Debt	150M	170M	156.2M	54.9M	122.5M	97.9M
Common Stock Shares Outstanding	897.1M	908.8M	909.4M	913.3M	914.1M	953.4M
Net Invested Capital	3.1B	3.1B	2.9B	3.2B	3.5B	3.5B
Net Working Capital	1.3B	1.7B	1.4B	1.5B	1.7B	1.6B
Long Term Debt	130.2M	86.5M	48.3M	49.8M	135.6M	181.0M
Other Stockholder Equity	13.8M	12.0M	13.9M	15.2M	13.7M	13.0M
Capital Stock	897.1M	908.8M	908.4M	912.9M	914.0M	972.3M

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Other Information on Investing in Guangdong Stock

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

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Guangdong Net Receivables vs Total Assets Analysis

Net Receivables vs Total Assets

Net Receivables vs Total Assets Correlation Analysis

Correlation Coefficient

Net Receivables

Total Assets

Guangdong Shenglu fundamental ratios Correlations

Guangdong Shenglu Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Guangdong Shenglu fundamental ratios Accounts

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Other Information on Investing in Guangdong Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Inventory	+ 0.98	Accounts Payable
Total Stockholder Equity	+ 0.96	Total Assets
Total Liab	+ 0.96	Total Current Liabilities
Net Receivables	+ 0.94	Other Liab
Total Current Liabilities	+ 0.93	Total Assets
Short Term Investments	+ 0.93	Retained Earnings

Non Currrent Assets Other	- 0.89	Property Plant Equipment
Non Currrent Assets Other	- 0.86	Common Stock
Non Currrent Assets Other	- 0.84	Other Assets
Long Term Investments	- 0.81	Non Currrent Assets Other
Non Currrent Assets Other	- 0.81	Total Current Assets
Non Currrent Assets Other	- 0.75	Net Tangible Assets