ZheJiang Net Tangible Assets vs Inventory Analysis

002615 Stock

7.92 0.12 1.54%

ZheJiang Haers financial indicator trend analysis is more than just analyzing ZheJiang Haers Vacuum current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZheJiang Haers Vacuum is a good investment. Please check the relationship between ZheJiang Haers Net Tangible Assets and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ZheJiang Haers Vacuum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Tangible Assets vs Inventory

Net Tangible Assets vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ZheJiang Haers Vacuum Net Tangible Assets account and Inventory. At this time, the significance of the direction appears to have strong relationship.

The correlation between ZheJiang Haers' Net Tangible Assets and Inventory is 0.67. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of ZheJiang Haers Vacuum, assuming nothing else is changed. The correlation between historical values of ZheJiang Haers' Net Tangible Assets and Inventory 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 Tangible Assets of ZheJiang Haers Vacuum are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Tangible Assets i.e., ZheJiang Haers' Net Tangible Assets and Inventory go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Inventory

Most indicators from ZheJiang Haers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZheJiang Haers Vacuum 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 Haers Vacuum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

As of November 26, 2024, Selling General Administrative is expected to decline to about 168.7 M. The current year's Tax Provision is expected to grow to about (21.5 M)

	2021	2022	2023	2024 (projected)
Operating Income	216.3M	269.7M	251.8M	264.4M
Total Revenue	2.4B	2.4B	2.4B	1.3B

Operating Income Total Revenue

ZheJiang Haers 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	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Good Will	Non Current Liabilities Total
Total Assets		0.34	0.96	0.9	0.87	0.84	0.71	-0.05	0.84	0.87	0.98	0.6	0.96	0.83	0.89	0.97	0.84	0.33	0.77	-0.7	0.91	0.94	0.77	0.19	-0.73	0.28
Other Current Liab	0.34		0.38	0.23	0.17	0.08	-0.06	0.28	0.27	0.26	0.39	0.36	0.38	0.51	0.19	0.4	0.03	0.1	-0.02	-0.38	0.4	0.16	-0.07	0.02	-0.03	-0.33
Total Current Liabilities	0.96	0.38		0.76	0.8	0.81	0.63	-0.16	0.88	0.88	0.99	0.71	1.0	0.84	0.87	0.96	0.83	0.42	0.65	-0.7	0.91	0.92	0.75	0.28	-0.7	0.32
Total Stockholder Equity	0.9	0.23	0.76		0.85	0.75	0.74	0.05	0.59	0.71	0.8	0.32	0.74	0.64	0.78	0.85	0.73	0.13	0.88	-0.58	0.75	0.84	0.71	0.05	-0.69	0.08
Retained Earnings	0.87	0.17	0.8	0.85		0.94	0.82	0.03	0.68	0.75	0.82	0.48	0.78	0.71	0.95	0.83	0.89	0.18	0.8	-0.73	0.86	0.9	0.89	0.08	-0.77	0.16
Accounts Payable	0.84	0.08	0.81	0.75	0.94		0.86	-0.09	0.77	0.71	0.83	0.45	0.81	0.65	0.92	0.78	0.94	0.31	0.74	-0.79	0.84	0.92	0.87	-0.03	-0.87	0.4
Cash	0.71	-0.06	0.63	0.74	0.82	0.86		-0.25	0.56	0.42	0.64	0.1	0.61	0.33	0.74	0.56	0.89	0.33	0.78	-0.53	0.62	0.84	0.69	-0.21	-0.88	0.35
Other Assets	-0.05	0.28	-0.16	0.05	0.03	-0.09	-0.25		0.01	-0.04	-0.12	-0.03	-0.12	0.27	0.01	0.03	-0.21	-0.22	-0.17	-0.1	0.01	-0.22	-0.18	-0.27	0.26	-0.1
Long Term Debt	0.84	0.27	0.88	0.59	0.68	0.77	0.56	0.01		0.78	0.88	0.65	0.92	0.82	0.8	0.82	0.74	0.41	0.46	-0.65	0.88	0.81	0.64	0.17	-0.58	0.63
Net Receivables	0.87	0.26	0.88	0.71	0.75	0.71	0.42	-0.04	0.78		0.9	0.8	0.88	0.84	0.82	0.92	0.63	0.06	0.55	-0.58	0.84	0.77	0.8	0.56	-0.42	0.23
Inventory	0.98	0.39	0.99	0.8	0.82	0.83	0.64	-0.12	0.88	0.9		0.69	0.99	0.85	0.88	0.97	0.82	0.37	0.67	-0.72	0.92	0.93	0.76	0.27	-0.7	0.32
Other Current Assets	0.6	0.36	0.71	0.32	0.48	0.45	0.1	-0.03	0.65	0.8	0.69		0.71	0.78	0.68	0.72	0.41	0.14	0.16	-0.56	0.73	0.48	0.64	0.65	-0.12	0.04
Total Liab	0.96	0.38	1.0	0.74	0.78	0.81	0.61	-0.12	0.92	0.88	0.99	0.71		0.86	0.87	0.95	0.82	0.42	0.62	-0.7	0.92	0.91	0.73	0.26	-0.68	0.39
Intangible Assets	0.83	0.51	0.84	0.64	0.71	0.65	0.33	0.27	0.82	0.84	0.85	0.78	0.86		0.82	0.9	0.6	0.24	0.46	-0.68	0.91	0.7	0.64	0.32	-0.4	0.16
Common Stock	0.89	0.19	0.87	0.78	0.95	0.92	0.74	0.01	0.8	0.82	0.88	0.68	0.87	0.82		0.89	0.9	0.3	0.7	-0.78	0.93	0.9	0.91	0.2	-0.72	0.22
Property Plant Equipment	0.97	0.4	0.96	0.85	0.83	0.78	0.56	0.03	0.82	0.92	0.97	0.72	0.95	0.9	0.89		0.76	0.29	0.69	-0.7	0.92	0.88	0.78	0.33	-0.61	0.18
Other Liab	0.84	0.03	0.83	0.73	0.89	0.94	0.89	-0.21	0.74	0.63	0.82	0.41	0.82	0.6	0.9	0.76		0.49	0.75	-0.68	0.79	0.94	0.82	-0.02	-0.9	0.39
Short Term Investments	0.33	0.1	0.42	0.13	0.18	0.31	0.33	-0.22	0.41	0.06	0.37	0.14	0.42	0.24	0.3	0.29	0.49		0.08	-0.34	0.29	0.36	0.1	-0.19	-0.54	0.34
Net Tangible Assets	0.77	-0.02	0.65	0.88	0.8	0.74	0.78	-0.17	0.46	0.55	0.67	0.16	0.62	0.46	0.7	0.69	0.75	0.08		-0.52	0.65	0.85	0.74	-0.09	-0.78	0.13
Deferred Long Term Liab	-0.7	-0.38	-0.7	-0.58	-0.73	-0.79	-0.53	-0.1	-0.65	-0.58	-0.72	-0.56	-0.7	-0.68	-0.78	-0.7	-0.68	-0.34	-0.52		-0.78	-0.69	-0.69	0.15	0.69	-0.15
Long Term Investments	0.91	0.4	0.91	0.75	0.86	0.84	0.62	0.01	0.88	0.84	0.92	0.73	0.92	0.91	0.93	0.92	0.79	0.29	0.65	-0.78		0.88	0.81	0.24	-0.62	0.24
Total Current Assets	0.94	0.16	0.92	0.84	0.9	0.92	0.84	-0.22	0.81	0.77	0.93	0.48	0.91	0.7	0.9	0.88	0.94	0.36	0.85	-0.69	0.88		0.83	0.07	-0.87	0.38
Non Current Assets Total	0.77	-0.07	0.75	0.71	0.89	0.87	0.69	-0.18	0.64	0.8	0.76	0.64	0.73	0.64	0.91	0.78	0.82	0.1	0.74	-0.69	0.81	0.83		0.31	-0.64	0.18
Non Currrent Assets Other	0.19	0.02	0.28	0.05	0.08	-0.03	-0.21	-0.27	0.17	0.56	0.27	0.65	0.26	0.32	0.2	0.33	-0.02	-0.19	-0.09	0.15	0.24	0.07	0.31		0.33	-0.17
Good Will	-0.73	-0.03	-0.7	-0.69	-0.77	-0.87	-0.88	0.26	-0.58	-0.42	-0.7	-0.12	-0.68	-0.4	-0.72	-0.61	-0.9	-0.54	-0.78	0.69	-0.62	-0.87	-0.64	0.33		-0.39
Non Current Liabilities Total	0.28	-0.33	0.32	0.08	0.16	0.4	0.35	-0.1	0.63	0.23	0.32	0.04	0.39	0.16	0.22	0.18	0.39	0.34	0.13	-0.15	0.24	0.38	0.18	-0.17	-0.39

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ZheJiang Haers Account Relationship Matchups

ZheJiang Haers fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.1B	2.1B	2.3B	2.4B	2.8B	1.4B
Other Current Liab	44.9M	67.4M	85.2M	100.7M	880.7K	836.7K
Total Current Liabilities	948.8M	1.0B	1.1B	868.8M	1.0B	546.4M
Total Stockholder Equity	890.9M	809.2M	953.1M	1.4B	1.5B	772.2M
Retained Earnings	404.6M	343.4M	478.9M	622.9M	618.8M	649.7M
Accounts Payable	302.8M	397.7M	585.7M	449.0M	623.9M	655.1M
Cash	500.2M	588.3M	666.6M	814.1M	848.6M	891.0M
Other Assets	12.9M	13.0M	18.5M	21.2M	24.3M	28.5M
Long Term Debt	247.2M	264.2M	281.9M	80.1M	289.0M	182.4M
Net Receivables	230.5M	129.3M	219.8M	152.0M	226.1M	135.2M
Inventory	421.0M	437.6M	515.7M	413.3M	495.4M	270.6M
Other Current Assets	37.2M	26.8M	27.3M	16.1M	20.2M	22.0M
Total Liab	1.2B	1.3B	1.4B	970.6M	1.3B	678.8M
Intangible Assets	98.3M	93.9M	86.4M	79.9M	106.3M	63.7M
Property Plant Equipment	698.6M	659.1M	707.7M	733.8M	843.8M	429.6M
Other Liab	7.7M	10.7M	9.4M	10.1M	11.6M	12.2M
Net Tangible Assets	763.2M	697.8M	849.3M	1.3B	1.5B	846.1M
Deferred Long Term Liab	4.8M	2.6M	2.1M	2.8M	2.5M	2.5M
Total Current Assets	1.2B	1.2B	1.4B	1.4B	1.8B	1.2B
Non Current Assets Total	901.0M	844.4M	895.4M	917.0M	1.0B	988.4M
Non Currrent Assets Other	955.5M	901.0M	2.4M	3.5M	33.9M	32.2M
Non Current Liabilities Total	254.9M	274.9M	304.6M	101.8M	308.3M	248.2M
Other Stockholder Equity	40.2M	48.2M	50.2M	(6.1M)	(7.1M)	(6.7M)
Short Long Term Debt	449.9M	479.6M	307.8M	217.2M	56.5M	53.6M
Net Invested Capital	1.6B	1.6B	1.5B	1.7B	1.8B	1.7B
Net Working Capital	242.1M	236.3M	353.1M	566.8M	768.8M	807.2M

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Balance Sheet is a snapshot of the financial position of ZheJiang Haers Vacuum at a specified time, usually calculated after every quarter, six months, or one year. ZheJiang Haers Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ZheJiang Haers 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 Tangible Assets vs Inventory Analysis

Net Tangible Assets vs Inventory

Net Tangible Assets vs Inventory Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Inventory

ZheJiang Haers fundamental ratios Correlations

ZheJiang Haers Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ZheJiang Haers fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Inventory	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Inventory
Inventory	+ 0.98	Total Assets
Property Plant Equipment	+ 0.97	Total Assets
Property Plant Equipment	+ 0.97	Inventory

Good Will	- 0.9	Other Liab
Good Will	- 0.88	Cash
Good Will	- 0.87	Total Current Assets
Good Will	- 0.87	Accounts Payable
Deferred Long Term Liab	- 0.79	Accounts Payable
Long Term Investments	- 0.78	Deferred Long Term Liab