Songz Other Stockholder Equity vs Total Stockholder Equity Analysis

002454 Stock   6.89  0.02  0.29%   
Songz Automobile financial indicator trend analysis is much more than just breaking down Songz Automobile Air prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Songz Automobile Air is a good investment. Please check the relationship between Songz Automobile Other Stockholder Equity and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Songz Automobile Air. 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.

Other Stockholder Equity vs Total Stockholder Equity

Other Stockholder Equity vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Songz Automobile Air Other Stockholder Equity account and Total Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Songz Automobile's Other Stockholder Equity and Total Stockholder Equity is -0.13. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Songz Automobile Air, assuming nothing else is changed. The correlation between historical values of Songz Automobile's Other Stockholder Equity and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Songz Automobile Air are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Stockholder Equity i.e., Songz Automobile's Other Stockholder Equity and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.13
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Stockholder Equity

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Songz Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Songz Automobile Air 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 Songz Automobile Air. 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 298.9 M, whereas Tax Provision is forecasted to decline to about 9.5 M.
 2021 2022 2023 2024 (projected)
Operating Income151.6M131.4M114.1M180.0M
Total Revenue4.1B4.2B4.8B2.9B

Songz Automobile fundamental ratios Correlations

0.17-0.210.980.980.970.65-0.250.990.990.570.980.640.230.610.890.520.96-0.11-0.190.980.990.150.930.940.89
0.17-0.950.10.210.25-0.090.680.240.090.110.23-0.020.460.010.190.10.04-0.20.150.10.141.00.130.250.15
-0.21-0.95-0.13-0.26-0.30.0-0.6-0.29-0.13-0.15-0.27-0.07-0.39-0.1-0.19-0.14-0.090.21-0.03-0.13-0.17-0.95-0.17-0.31-0.24
0.980.1-0.130.920.960.73-0.250.970.990.50.970.650.20.590.860.490.96-0.19-0.241.00.960.070.920.880.88
0.980.21-0.260.920.930.57-0.250.970.940.610.940.590.250.590.880.520.94-0.03-0.130.920.980.190.90.950.85
0.970.25-0.30.960.930.62-0.140.980.970.50.990.630.270.580.840.530.94-0.25-0.20.970.940.220.910.940.91
0.65-0.090.00.730.570.62-0.250.620.70.30.630.50.080.410.590.260.64-0.16-0.250.730.65-0.110.570.470.58
-0.250.68-0.6-0.25-0.25-0.14-0.25-0.18-0.25-0.59-0.12-0.550.58-0.65-0.040.11-0.30.00.54-0.24-0.310.7-0.11-0.23-0.33
0.990.24-0.290.970.970.980.62-0.180.980.560.990.660.230.620.860.490.95-0.13-0.210.970.980.210.930.960.9
0.990.09-0.130.990.940.970.7-0.250.980.50.980.650.20.590.870.50.97-0.13-0.240.990.970.060.940.910.89
0.570.11-0.150.50.610.50.3-0.590.560.50.450.59-0.220.760.29-0.030.51-0.28-0.360.490.630.090.320.630.5
0.980.23-0.270.970.940.990.63-0.120.990.980.450.590.320.540.890.590.95-0.16-0.170.980.950.20.950.930.9
0.64-0.02-0.070.650.590.630.5-0.550.660.650.590.59-0.430.950.32-0.090.6-0.2-0.690.630.65-0.060.480.650.8
0.230.46-0.390.20.250.270.080.580.230.2-0.220.32-0.43-0.420.540.670.25-0.150.430.240.180.480.360.20.09
0.610.01-0.10.590.590.580.41-0.650.620.590.760.540.95-0.420.29-0.080.56-0.25-0.710.570.64-0.030.410.640.78
0.890.19-0.190.860.880.840.59-0.040.860.870.290.890.320.540.290.760.860.010.040.880.870.180.90.780.75
0.520.1-0.140.490.520.530.260.110.490.5-0.030.59-0.090.67-0.080.760.52-0.010.130.540.470.110.680.460.46
0.960.04-0.090.960.940.940.64-0.30.950.970.510.950.60.250.560.860.52-0.15-0.170.960.950.020.940.880.85
-0.11-0.20.21-0.19-0.03-0.25-0.160.0-0.13-0.13-0.28-0.16-0.2-0.15-0.250.01-0.01-0.150.14-0.18-0.07-0.190.03-0.11-0.19
-0.190.15-0.03-0.24-0.13-0.2-0.250.54-0.21-0.24-0.36-0.17-0.690.43-0.710.040.13-0.170.14-0.22-0.20.18-0.15-0.25-0.51
0.980.1-0.131.00.920.970.73-0.240.970.990.490.980.630.240.570.880.540.96-0.18-0.220.960.070.930.880.88
0.990.14-0.170.960.980.940.65-0.310.980.970.630.950.650.180.640.870.470.95-0.07-0.20.960.110.90.930.87
0.151.0-0.950.070.190.22-0.110.70.210.060.090.2-0.060.48-0.030.180.110.02-0.190.180.070.110.110.230.12
0.930.13-0.170.920.90.910.57-0.110.930.940.320.950.480.360.410.90.680.940.03-0.150.930.90.110.860.83
0.940.25-0.310.880.950.940.47-0.230.960.910.630.930.650.20.640.780.460.88-0.11-0.250.880.930.230.860.87
0.890.15-0.240.880.850.910.58-0.330.90.890.50.90.80.090.780.750.460.85-0.19-0.510.880.870.120.830.87
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Songz Automobile Account Relationship Matchups

Songz Automobile fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.8B6.5B6.9B7.0B7.4B4.7B
Short Long Term Debt Total779.4M900.6M47.5M58.9M58.2M55.3M
Other Current Liab(745.2M)(652.7M)2.5M178.2M4.9M5.2M
Total Current Liabilities1.9B2.4B2.7B2.7B2.9B1.7B
Total Stockholder Equity3.4B3.6B3.7B3.8B3.8B2.7B
Property Plant And Equipment Net1.3B1.3B1.5B1.4B1.5B819.5M
Current Deferred Revenue154.4M170.2M380.5M144.0M319.4M160.0M
Net Debt242.0M128.6M(713.4M)(665.7M)(1.1B)(999.5M)
Retained Earnings1.8B2.0B2.0B2.1B2.2B1.2B
Accounts Payable1.7B2.0B2.3B2.4B2.6B1.4B
Cash537.4M772.0M760.9M724.6M1.1B597.3M
Non Current Assets Total2.0B2.0B2.1B2.1B2.2B1.3B
Non Currrent Assets Other360.1M519.3M931.8M969.8M1.0B1.1B
Other Assets166.7M176.0M175.9M1.01.151.09
Cash And Short Term Investments823.4M1.2B1.6B1.6B2.1B2.2B
Net Receivables2.4B2.6B2.4B2.4B2.3B2.0B
Liabilities And Stockholders Equity5.8B6.5B6.9B7.0B7.4B4.7B
Non Current Liabilities Total201.2M91.4M105.6M109.2M113.2M122.1M
Inventory635.6M708.4M761.4M920.8M860.9M562.0M
Other Current Assets31.0M15.2M32.1M24.7M39.8M54.0M
Other Stockholder Equity750.4M749.8M741.4M741.4M(2.8B)(2.7B)
Total Liab2.1B2.5B2.8B2.9B3.0B1.8B
Total Current Assets3.9B4.6B4.8B4.9B5.2B3.4B
Short Term Debt779.4M877.6M25.4M32.9M32.3M30.7M
Intangible Assets269.5M230.7M224.7M301.7M296.8M184.9M
Property Plant Equipment1.3B1.3B1.5B1.4B1.6B1.7B
Good Will209.4M157.5M137.9M122.6M114.1M120.4M
Short Term Investments286M450.5M871.5M871.6M941.9M989.0M
Other Liab201.2M91.4M83.5M83.2M74.9M113.4M
Net Tangible Assets3.0B3.3B3.3B3.3B3.8B3.2B
Deferred Long Term Liab1.3M2.7M1.7M1.0M930.0K1.5M
Short Long Term Debt200M60M24.5M30.8M29.0M27.5M
Non Current Liabilities Other151.6M37.9M40.0M41.8M44.2M79.3M
Net Invested Capital3.4B3.6B3.7B3.8B3.9B3.9B
Net Working Capital2.0B2.2B2.1B2.2B2.3B2.3B

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Other Information on Investing in Songz Stock

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