HaiXin Net Tangible Assets vs Inventory Analysis

002702 Stock

4.31 0.14 3.36%

HaiXin Foods financial indicator trend analysis is much more than just examining HaiXin Foods latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HaiXin Foods is a good investment. Please check the relationship between HaiXin Foods Net Tangible Assets and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in HaiXin Foods Co. 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 HaiXin Foods Net Tangible Assets account and Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between HaiXin Foods' Net Tangible Assets and Inventory is -0.17. 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 HaiXin Foods Co, assuming nothing else is changed. The correlation between historical values of HaiXin Foods' 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 HaiXin Foods Co 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., HaiXin Foods' Net Tangible Assets and Inventory go up and down completely randomly.

Correlation Coefficient

-0.17

Relationship Direction	Negative
Relationship Strength	Insignificant

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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 HaiXin Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HaiXin Foods 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 HaiXin Foods Co. 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.

The current year's Selling General Administrative is expected to grow to about 221.7 M, whereas Tax Provision is forecasted to decline to about 11.9 M.

	2021	2022	2023	2024 (projected)
Research Development	17.6M	17.8M	16.2M	13.7M
Income Tax Expense	5.7M	21.3M	24.5M	25.7M

Research Development Income Tax Expense

HaiXin Foods fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Good Will	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		0.18	0.92	0.89	0.51	0.94	0.24	0.8	0.94	0.9	0.19	0.8	0.66	0.78	0.8	0.72	0.7	-0.08	-0.12	-0.03	0.73	-0.57	0.84	0.78	0.67	0.68
Other Current Liab	0.18		0.25	0.09	0.27	0.1	-0.01	0.17	0.07	-0.02	-0.17	0.21	-0.02	-0.15	0.14	0.04	-0.02	0.69	0.14	-0.34	0.11	0.49	0.15	0.14	0.1	0.14
Total Current Liabilities	0.92	0.25		0.66	0.35	0.97	-0.02	0.84	0.88	0.95	0.07	0.86	0.76	0.81	0.78	0.77	0.76	-0.01	-0.09	-0.09	0.82	-0.57	0.9	0.82	0.67	0.7
Total Stockholder Equity	0.89	0.09	0.66		0.67	0.72	0.41	0.57	0.87	0.66	0.27	0.56	0.44	0.66	0.61	0.47	0.46	-0.05	-0.08	0.08	0.45	-0.43	0.63	0.48	0.42	0.42
Retained Earnings	0.51	0.27	0.35	0.67		0.44	0.23	0.3	0.64	0.36	0.13	0.29	0.36	0.34	0.31	0.24	0.23	0.04	0.13	-0.02	0.19	-0.14	0.23	0.09	0.03	0.14
Accounts Payable	0.94	0.1	0.97	0.72	0.44		0.01	0.83	0.94	0.97	0.12	0.83	0.81	0.86	0.78	0.76	0.74	-0.16	-0.09	-0.02	0.78	-0.67	0.87	0.79	0.67	0.69
Cash	0.24	-0.01	-0.02	0.41	0.23	0.01		0.03	0.08	0.01	0.19	0.05	-0.2	-0.19	0.1	0.11	0.12	-0.21	-0.17	-0.22	0.08	-0.07	-0.02	0.22	0.14	0.18
Other Assets	0.8	0.17	0.84	0.57	0.3	0.83	0.03		0.74	0.82	0.02	0.99	0.67	0.63	0.97	0.95	0.85	-0.17	-0.54	-0.15	0.96	-0.73	0.85	0.85	0.75	0.93
Net Receivables	0.94	0.07	0.88	0.87	0.64	0.94	0.08	0.74		0.9	0.09	0.73	0.79	0.84	0.71	0.65	0.66	-0.16	-0.08	0.0	0.64	-0.6	0.79	0.62	0.51	0.54
Inventory	0.9	-0.02	0.95	0.66	0.36	0.97	0.01	0.82	0.9		0.1	0.82	0.83	0.84	0.76	0.78	0.79	-0.23	-0.17	-0.05	0.81	-0.73	0.87	0.79	0.63	0.67
Other Current Assets	0.19	-0.17	0.07	0.27	0.13	0.12	0.19	0.02	0.09	0.1		0.08	-0.2	0.18	0.11	0.07	0.02	0.13	0.15	0.29	0.02	-0.26	0.19	0.09	-0.06	0.11
Total Liab	0.8	0.21	0.86	0.56	0.29	0.83	0.05	0.99	0.73	0.82	0.08		0.63	0.63	0.97	0.94	0.82	-0.12	-0.51	-0.16	0.95	-0.71	0.87	0.86	0.74	0.94
Intangible Assets	0.66	-0.02	0.76	0.44	0.36	0.81	-0.2	0.67	0.79	0.83	-0.2	0.63		0.62	0.57	0.6	0.66	-0.34	-0.2	-0.26	0.62	-0.57	0.62	0.58	0.4	0.48
Common Stock	0.78	-0.15	0.81	0.66	0.34	0.86	-0.19	0.63	0.84	0.84	0.18	0.63	0.62		0.59	0.56	0.54	-0.07	0.05	0.38	0.56	-0.68	0.79	0.48	0.5	0.42
Property Plant Equipment	0.8	0.14	0.78	0.61	0.31	0.78	0.1	0.97	0.71	0.76	0.11	0.97	0.57	0.59		0.91	0.75	-0.21	-0.56	-0.13	0.92	-0.7	0.79	0.85	0.76	0.95
Other Liab	0.72	0.04	0.77	0.47	0.24	0.76	0.11	0.95	0.65	0.78	0.07	0.94	0.6	0.56	0.91		0.94	-0.28	-0.51	-0.18	0.96	-0.77	0.81	0.85	0.71	0.92
Good Will	0.7	-0.02	0.76	0.46	0.23	0.74	0.12	0.85	0.66	0.79	0.02	0.82	0.66	0.54	0.75	0.94		-0.3	-0.41	-0.27	0.88	-0.69	0.78	0.78	0.56	0.76
Short Term Investments	-0.08	0.69	-0.01	-0.05	0.04	-0.16	-0.21	-0.17	-0.16	-0.23	0.13	-0.12	-0.34	-0.07	-0.21	-0.28	-0.3		0.4	0.28	-0.21	0.49	0.05	-0.28	-0.2	-0.26
Net Tangible Assets	-0.12	0.14	-0.09	-0.08	0.13	-0.09	-0.17	-0.54	-0.08	-0.17	0.15	-0.51	-0.2	0.05	-0.56	-0.51	-0.41	0.4		0.36	-0.54	0.47	-0.24	-0.36	-0.28	-0.59
Other Stockholder Equity	-0.03	-0.34	-0.09	0.08	-0.02	-0.02	-0.22	-0.15	0.0	-0.05	0.29	-0.16	-0.26	0.38	-0.13	-0.18	-0.27	0.28	0.36		-0.21	-0.2	0.01	-0.28	0.09	-0.21
Deferred Long Term Liab	0.73	0.11	0.82	0.45	0.19	0.78	0.08	0.96	0.64	0.81	0.02	0.95	0.62	0.56	0.92	0.96	0.88	-0.21	-0.54	-0.21		-0.71	0.78	0.87	0.73	0.91
Long Term Investments	-0.57	0.49	-0.57	-0.43	-0.14	-0.67	-0.07	-0.73	-0.6	-0.73	-0.26	-0.71	-0.57	-0.68	-0.7	-0.77	-0.69	0.49	0.47	-0.2	-0.71		-0.68	-0.59	-0.55	-0.69
Total Current Assets	0.84	0.15	0.9	0.63	0.23	0.87	-0.02	0.85	0.79	0.87	0.19	0.87	0.62	0.79	0.79	0.81	0.78	0.05	-0.24	0.01	0.78	-0.68		0.73	0.6	0.73
Non Current Assets Total	0.78	0.14	0.82	0.48	0.09	0.79	0.22	0.85	0.62	0.79	0.09	0.86	0.58	0.48	0.85	0.85	0.78	-0.28	-0.36	-0.28	0.87	-0.59	0.73		0.85	0.9
Non Currrent Assets Other	0.67	0.1	0.67	0.42	0.03	0.67	0.14	0.75	0.51	0.63	-0.06	0.74	0.4	0.5	0.76	0.71	0.56	-0.2	-0.28	0.09	0.73	-0.55	0.6	0.85		0.81
Non Current Liabilities Total	0.68	0.14	0.7	0.42	0.14	0.69	0.18	0.93	0.54	0.67	0.11	0.94	0.48	0.42	0.95	0.92	0.76	-0.26	-0.59	-0.21	0.91	-0.69	0.73	0.9	0.81

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HaiXin Foods Account Relationship Matchups

HaiXin Foods fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.4B	1.5B	1.8B	2.2B	1.2B
Other Current Liab	27.4M	37.0M	39.5M	105.7M	43.4M	60.1M
Total Current Liabilities	406.0M	490.1M	583.8M	666.7M	715.2M	383.3M
Total Stockholder Equity	788.5M	835.4M	779.8M	839.5M	1.2B	770.1M
Retained Earnings	204.8M	251.8M	193.3M	256.5M	173.3M	214.3M
Accounts Payable	285.7M	300.0M	333.9M	417.8M	422.1M	233.1M
Cash	105.1M	117.5M	116.4M	179.1M	277.2M	163.7M
Other Assets	18.5M	32.1M	41.3M	53.0M	61.0M	64.0M
Net Receivables	204.8M	222.0M	201.0M	231.3M	253.2M	167.7M
Inventory	294.5M	322.5M	371.5M	362.6M	430.0M	246.6M
Other Current Assets	18.5M	20.6M	29.0M	50.0M	112.9M	57.8M
Total Liab	407.6M	511.8M	689.5M	906.9M	973.5M	1.0B
Intangible Assets	72.3M	70.6M	69.2M	67.8M	65.8M	37.9M
Property Plant Equipment	300.1M	338.8M	578.7M	754.8M	868.0M	911.4M
Other Liab	1.6M	21.7M	18.2M	26.6M	30.6M	32.1M
Short Term Investments	200.8M	233.9M	117.7M	145.6M	131.0M	148.8M
Net Tangible Assets	671.9M	708.3M	658.9M	720.0M	648.0M	561.8M
Other Stockholder Equity	(47.0)	9.0	28.0	8.6K	7.8K	7.4K
Deferred Long Term Liab	1.2M	8.7M	16.6M	14.9M	17.1M	18.0M
Total Current Assets	742.2M	834.8M	730.9M	827.0M	1.1B	841.8M
Non Current Assets Total	453.9M	518.2M	757.0M	939.1M	1.1B	694.8M
Non Currrent Assets Other	3.0M	2.7M	4.9M	7.5M	7.6M	5.1M
Non Current Liabilities Total	1.6M	21.7M	105.7M	240.1M	258.3M	271.3M
Net Invested Capital	788.5M	835.4M	965.4M	1.1B	1.5B	1.1B
Net Working Capital	336.1M	344.6M	147.1M	160.3M	374.3M	240.2M

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Other Information on Investing in HaiXin Stock

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

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HaiXin Net Tangible Assets vs Inventory Analysis

Net Tangible Assets vs Inventory

Net Tangible Assets vs Inventory Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Inventory

HaiXin Foods fundamental ratios Correlations

HaiXin Foods Account Relationship Matchups

High Positive Relationship

High Negative Relationship

HaiXin Foods fundamental ratios Accounts

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Other Information on Investing in HaiXin Stock

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Total Liab	+ 0.99	Other Assets
Accounts Payable	+ 0.97	Total Current Liabilities
Inventory	+ 0.97	Accounts Payable
Property Plant Equipment	+ 0.97	Other Assets
Property Plant Equipment	+ 0.97	Total Liab
Deferred Long Term Liab	+ 0.96	Other Assets

Long Term Investments	- 0.77	Other Liab
Long Term Investments	- 0.73	Inventory
Long Term Investments	- 0.73	Other Assets
Long Term Investments	- 0.71	Deferred Long Term Liab
Long Term Investments	- 0.71	Total Liab
Long Term Investments	- 0.7	Property Plant Equipment