Zhejiang Treasury Stock vs Other Assets Analysis

002648 Stock   20.75  0.12  0.58%   
Zhejiang Satellite financial indicator trend analysis is more than just analyzing Zhejiang Satellite current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Satellite is a good investment. Please check the relationship between Zhejiang Satellite Treasury Stock and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Satellite Petrochemical. 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.

Treasury Stock vs Other Assets

Treasury Stock vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Satellite Treasury Stock account and Other Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhejiang Satellite's Treasury Stock and Other Assets is 0.69. Overlapping area represents the amount of variation of Treasury Stock that can explain the historical movement of Other Assets in the same time period over historical financial statements of Zhejiang Satellite Petrochemical, assuming nothing else is changed. The correlation between historical values of Zhejiang Satellite's Treasury Stock and Other 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 Treasury Stock of Zhejiang Satellite Petrochemical are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Treasury Stock i.e., Zhejiang Satellite's Treasury Stock and Other Assets go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Treasury Stock

Other Assets

Most indicators from Zhejiang Satellite's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Satellite 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 Satellite Petrochemical. 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 February 26, 2025, Selling General Administrative is expected to decline to about 305.9 M. In addition to that, Discontinued Operations is expected to decline to about 10.1 M
 2024 2025 (projected)
Discontinued Operations19.8M10.1M
Research Development1.9B2.0B

Zhejiang Satellite fundamental ratios Correlations

0.30.951.00.990.980.880.96-0.20.990.31.00.970.970.990.940.940.670.620.99-0.11-0.510.970.840.050.86
0.30.320.290.210.330.550.390.020.270.830.30.170.220.30.480.44-0.220.520.40.02-0.740.250.480.220.61
0.950.320.960.930.960.880.97-0.090.910.390.950.970.930.930.870.960.630.760.95-0.1-0.510.860.930.30.85
1.00.290.960.990.970.890.95-0.140.980.290.990.980.970.980.930.930.680.650.99-0.06-0.520.950.860.10.87
0.990.210.930.990.950.840.93-0.180.990.220.990.980.970.990.910.910.710.580.97-0.11-0.460.970.810.020.82
0.980.330.960.970.950.880.97-0.270.950.370.980.960.940.970.940.950.630.650.97-0.14-0.510.930.850.080.85
0.880.550.880.890.840.880.91-0.170.840.580.870.820.760.840.940.930.470.690.92-0.07-0.820.80.880.210.95
0.960.390.970.950.930.970.91-0.270.930.430.960.950.910.950.920.990.580.690.96-0.11-0.570.90.880.20.87
-0.20.02-0.09-0.14-0.18-0.27-0.17-0.27-0.2-0.01-0.23-0.14-0.08-0.22-0.33-0.27-0.070.27-0.160.30.11-0.30.060.39-0.15
0.990.270.910.980.990.950.840.93-0.20.250.990.960.970.990.920.90.670.570.97-0.1-0.470.990.78-0.030.83
0.30.830.390.290.220.370.580.43-0.010.250.310.220.190.280.490.47-0.130.470.37-0.14-0.790.210.490.250.56
1.00.30.950.990.990.980.870.96-0.230.990.310.970.971.00.940.930.670.60.98-0.14-0.510.980.820.020.86
0.970.170.970.980.980.960.820.95-0.140.960.220.970.970.960.860.930.710.670.95-0.07-0.410.920.850.170.8
0.970.220.930.970.970.940.760.91-0.080.970.190.970.970.980.850.870.690.620.95-0.05-0.340.950.790.040.76
0.990.30.930.980.990.970.840.95-0.220.990.281.00.960.980.930.920.660.590.98-0.13-0.460.980.810.00.84
0.940.480.870.930.910.940.940.92-0.330.920.490.940.860.850.930.920.540.550.95-0.13-0.720.920.78-0.060.92
0.940.440.960.930.910.950.930.99-0.270.90.470.930.930.870.920.920.540.690.95-0.12-0.630.860.90.260.89
0.67-0.220.630.680.710.630.470.58-0.070.67-0.130.670.710.690.660.540.540.240.62-0.08-0.10.670.47-0.060.42
0.620.520.760.650.580.650.690.690.270.570.470.60.670.620.590.550.690.240.680.28-0.530.460.810.580.71
0.990.40.950.990.970.970.920.96-0.160.970.370.980.950.950.980.950.950.620.68-0.04-0.590.950.880.120.91
-0.110.02-0.1-0.06-0.11-0.14-0.07-0.110.3-0.1-0.14-0.14-0.07-0.05-0.13-0.13-0.12-0.080.28-0.04-0.02-0.15-0.110.09-0.01
-0.51-0.74-0.51-0.52-0.46-0.51-0.82-0.570.11-0.47-0.79-0.51-0.41-0.34-0.46-0.72-0.63-0.1-0.53-0.59-0.02-0.44-0.61-0.16-0.8
0.970.250.860.950.970.930.80.9-0.30.990.210.980.920.950.980.920.860.670.460.95-0.15-0.440.7-0.160.8
0.840.480.930.860.810.850.880.880.060.780.490.820.850.790.810.780.90.470.810.88-0.11-0.610.70.540.85
0.050.220.30.10.020.080.210.20.39-0.030.250.020.170.040.0-0.060.26-0.060.580.120.09-0.16-0.160.540.16
0.860.610.850.870.820.850.950.87-0.150.830.560.860.80.760.840.920.890.420.710.91-0.01-0.80.80.850.16
Click cells to compare fundamentals

Zhejiang Satellite Account Relationship Matchups

Zhejiang Satellite fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets32.3B48.7B56.4B64.6B74.3B78.0B
Other Current Liab1.2B2.1B2.0B126.7M145.7M138.4M
Total Current Liabilities9.2B8.8B10.1B11.9B13.7B14.4B
Total Stockholder Equity13.6B19.4B21.1B25.5B29.3B30.7B
Retained Earnings5.4B11.2B12.8B16.8B19.3B20.3B
Accounts Payable4.6B4.0B5.6B5.7B6.5B6.8B
Cash7.2B9.6B5.5B6.4B7.4B7.7B
Other Assets1.3B1.5B1.8B2.0B2.3B2.4B
Net Receivables407.8M608.2M675.9M639.4M735.4M905.2M
Inventory1.2B3.3B3.9B4.2B4.9B5.1B
Other Current Assets953.7M1.2B753.5M194.5M223.7M419.0M
Total Liab18.7B29.3B35.2B39.1B45.0B47.2B
Intangible Assets857.1M998.2M1.3B1.8B2.1B2.2B
Common Stock1.1B1.2B1.7B3.4B3.9B4.1B
Property Plant Equipment8.7B16.6B27.1B39.1B45.0B47.2B
Long Term Debt9.2B14.1B10.5B10.8B12.5B13.1B
Other Liab244.3M278.2M333.5M313.4M360.4M378.4M
Net Tangible Assets8.4B12.7B18.3B19.8B22.8B23.9B
Short Term Investments126.8M55.4M27.6M43.0M38.7M36.8M
Other Stockholder Equity47.5M(16.8M)(83.9M)28.0M25.2M14.6M
Deferred Long Term Liab256.3M637.9M1.4B1.8B2.1B2.2B
Short Long Term Debt2.4B1.4B1.1B1.2B1.1B1.7B
Total Current Assets11.1B16.6B11.7B12.7B14.6B9.1B
Non Current Assets Total21.3B32.1B44.7B51.8B59.6B62.6B
Non Currrent Assets Other812.2M269.4M1.6M36.7M33.0M31.4M
Non Current Liabilities Total9.5B20.5B25.2B27.2B31.3B32.8B
Non Current Liabilities Other39.2M85.7M56.5M42.2M48.5M38.5M
Net Debt4.5B5.8B6.1B5.7B6.5B4.0B
Common Stock Shares Outstanding1.7B1.7B3.4B3.4B3.9B2.3B
Net Invested Capital25.3B34.8B32.7B37.5B43.2B26.1B
Net Working Capital1.9B7.8B1.7B818.3M941.0M894.0M
Capital Stock1.2B1.7B3.4B3.4B3.9B2.2B
Property Plant And Equipment Net16.6B27.1B39.1B45.4B52.2B30.1B
Property Plant And Equipment Gross19.8B31.3B39.1B45.4B52.2B32.3B

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Other Information on Investing in Zhejiang Stock

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