Runjian Common Stock Shares Outstanding vs Retained Earnings Analysis

002929 Stock   29.08  0.55  1.86%   
Runjian Communication financial indicator trend analysis is much more than just breaking down Runjian Communication prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Runjian Communication is a good investment. Please check the relationship between Runjian Communication Common Stock Shares Outstanding and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Runjian Communication 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 nation.

Common Stock Shares Outstanding vs Retained Earnings

Common Stock Shares Outstanding vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Runjian Communication Common Stock Shares Outstanding account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Runjian Communication's Common Stock Shares Outstanding and Retained Earnings is 0.89. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Runjian Communication Co, assuming nothing else is changed. The correlation between historical values of Runjian Communication's Common Stock Shares Outstanding and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Runjian Communication Co are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Common Stock Shares Outstanding i.e., Runjian Communication's Common Stock Shares Outstanding and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Runjian Communication's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Runjian Communication 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 Runjian Communication 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 nation.
As of November 27, 2024, Selling General Administrative is expected to decline to about 58.5 M. In addition to that, Tax Provision is expected to decline to about 59.6 M
 2021 2022 2023 2024 (projected)
Interest Expense77.2M119.6M104.8M110.0M
Depreciation And Amortization49.8M60.9M69.3M38.0M

Runjian Communication fundamental ratios Correlations

-0.180.990.980.980.310.991.00.810.980.980.80.990.870.890.70.950.991.00.960.860.90.990.850.840.22
-0.18-0.15-0.25-0.120.26-0.22-0.17-0.18-0.22-0.29-0.2-0.15-0.17-0.210.46-0.28-0.13-0.160.0-0.240.04-0.19-0.17-0.51-0.21
0.99-0.150.961.00.410.971.00.720.990.970.721.00.810.860.70.920.990.980.950.80.870.970.780.850.18
0.98-0.250.960.930.140.990.970.830.950.950.830.970.90.890.620.990.950.980.90.910.850.960.880.840.19
0.98-0.121.00.930.470.950.990.690.990.970.680.990.780.840.710.90.990.970.960.770.860.960.750.830.18
0.310.260.410.140.470.230.38-0.140.380.32-0.150.37-0.030.170.490.060.40.270.45-0.090.310.3-0.060.17-0.16
0.99-0.220.970.990.950.230.980.820.960.960.820.990.890.910.680.960.970.990.940.890.880.980.870.830.2
1.0-0.171.00.970.990.380.980.750.990.980.741.00.830.870.70.931.00.990.960.820.880.980.810.840.19
0.81-0.180.720.830.69-0.140.820.750.730.761.00.750.950.880.630.80.770.830.790.920.890.830.970.610.48
0.98-0.220.990.950.990.380.960.990.730.990.720.980.80.850.640.920.990.970.950.790.850.970.780.880.18
0.98-0.290.970.950.970.320.960.980.760.990.750.960.810.840.590.920.970.960.930.80.840.960.790.90.21
0.8-0.20.720.830.68-0.150.820.741.00.720.750.750.950.870.620.790.770.820.780.910.880.820.970.60.5
0.99-0.151.00.970.990.370.991.00.750.980.960.750.840.880.720.940.990.990.950.840.880.980.820.830.18
0.87-0.170.810.90.78-0.030.890.830.950.80.810.950.840.920.70.880.840.890.840.970.90.870.990.640.33
0.89-0.210.860.890.840.170.910.870.880.850.840.870.880.920.710.850.880.90.860.940.920.890.940.70.26
0.70.460.70.620.710.490.680.70.630.640.590.620.720.70.710.550.740.720.830.620.870.70.680.250.11
0.95-0.280.920.990.90.060.960.930.80.920.920.790.940.880.850.550.910.950.840.910.780.910.860.840.14
0.99-0.130.990.950.990.40.971.00.770.990.970.770.990.840.880.740.910.990.980.820.910.980.820.820.24
1.0-0.160.980.980.970.270.990.990.830.970.960.820.990.890.90.720.950.990.960.880.90.980.870.820.24
0.960.00.950.90.960.450.940.960.790.950.930.780.950.840.860.830.840.980.960.780.950.950.810.70.21
0.86-0.240.80.910.77-0.090.890.820.920.790.80.910.840.970.940.620.910.820.880.780.840.850.980.680.24
0.90.040.870.850.860.310.880.880.890.850.840.880.880.90.920.870.780.910.90.950.840.910.90.620.37
0.99-0.190.970.960.960.30.980.980.830.970.960.820.980.870.890.70.910.980.980.950.850.910.850.850.34
0.85-0.170.780.880.75-0.060.870.810.970.780.790.970.820.990.940.680.860.820.870.810.980.90.850.620.34
0.84-0.510.850.840.830.170.830.840.610.880.90.60.830.640.70.250.840.820.820.70.680.620.850.620.32
0.22-0.210.180.190.18-0.160.20.190.480.180.210.50.180.330.260.110.140.240.240.210.240.370.340.340.32
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Runjian Communication Account Relationship Matchups

Runjian Communication fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.9B6.9B10.2B12.7B14.9B15.6B
Other Current Liab(154.4M)23.8M23.8M666.2M18.7M17.8M
Total Current Liabilities2.0B2.7B5.2B7.2B8.8B9.2B
Total Stockholder Equity2.8B3.2B3.8B4.3B5.9B6.2B
Property Plant And Equipment Net202.1M278.9M705.9M1.1B1.3B1.3B
Net Debt(722.7M)(830.3M)(447.5M)754.7M193.4M203.1M
Retained Earnings1.0B1.3B1.6B2.0B2.3B2.4B
Accounts Payable1.5B1.9B3.4B4.7B5.7B6.0B
Cash1.2B2.0B2.5B1.9B1.9B1.2B
Non Current Assets Total642.5M1.6B2.2B2.8B3.9B4.1B
Non Currrent Assets Other434.5M1.1B1.3B1.3B2.2B2.3B
Cash And Short Term Investments1.4B2.1B2.6B2.0B1.9B1.2B
Net Receivables2.0B2.2B3.9B5.5B6.4B6.7B
Liabilities And Stockholders Equity4.9B6.9B10.2B12.7B14.9B15.6B
Inventory823.5M933.3M1.1B1.3B1.7B871.7M
Other Current Assets27.7M81.0M306.0M1.2B438.6M220.6M
Other Stockholder Equity1.4B1.4B1.6B1.7B3.0B3.1B
Total Liab2.0B3.6B6.2B8.3B8.9B9.3B
Total Current Assets4.3B5.3B8.0B10.0B11.0B11.5B
Intangible Assets12.9M37.8M52.1M92.0M69.5M73.0M
Net Tangible Assets2.6B2.7B3.0B3.6B4.2B2.3B
Other Assets40.8M59.3M1.01.2B1.151.09
Non Current Liabilities Total1.5M943.3M1.0B1.1B67.9M64.5M
Property Plant Equipment63.8M202.1M278.9M705.9M811.8M852.4M
Good Will95.0M161.4M165.9M180.0M159.1M108.9M
Deferred Long Term Liab918.0K559.9K5.5M5.4M6.3M6.6M
Net Invested Capital2.8B4.4B5.8B7.0B8.0B5.0B
Net Working Capital2.3B2.6B2.8B2.8B2.1B2.5B
Short Term Investments209.4M40.0M187.1M70.2M21.2M20.2M

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Other Information on Investing in Runjian Stock

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