Chengdu Inventory vs Total Liab Analysis

002935 Stock

15.17 0.78 4.89%

Chengdu Spaceon financial indicator trend analysis is way more than just evaluating Chengdu Spaceon Elec prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chengdu Spaceon Elec is a good investment. Please check the relationship between Chengdu Spaceon Inventory and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chengdu Spaceon Electronics. 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.

Inventory vs Total Liab

Inventory vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chengdu Spaceon Elec Inventory account and Total Liab. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Chengdu Spaceon's Inventory and Total Liab is 0.95. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Liab in the same time period over historical financial statements of Chengdu Spaceon Electronics, assuming nothing else is changed. The correlation between historical values of Chengdu Spaceon's Inventory and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Chengdu Spaceon Electronics are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Inventory i.e., Chengdu Spaceon's Inventory and Total Liab go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

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Inventory

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Most indicators from Chengdu Spaceon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chengdu Spaceon Elec 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 Chengdu Spaceon Electronics. 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 Tax Provision is expected to grow to about 6.9 M, whereas Selling General Administrative is forecasted to decline to about 54.6 M.

	2021	2022	2023	2024 (projected)
Tax Provision	7.0M	4.4M	5.5M	6.9M
Income Tax Expense	7.0M	4.4M	4.0M	7.6M

Tax Provision Income Tax Expense

Chengdu Spaceon fundamental ratios Correlations

	Other Liab	Net Tangible Assets	Retained Earnings	Other Assets	Common Stock	Property Plant Equipment	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital
Other Liab		0.88	0.88	0.67	0.98	0.88	0.94	0.46	0.86	0.87	0.9	0.72	0.97	-0.9	0.89	0.98	0.93	0.21	0.88	-0.63	0.92	-0.63	0.77	0.85	0.87	0.81
Net Tangible Assets	0.88		0.97	0.75	0.93	0.84	0.96	0.37	0.67	0.99	0.79	0.84	0.9	-0.86	0.9	0.92	0.76	0.15	0.7	-0.86	0.96	-0.86	0.65	0.82	0.98	0.97
Retained Earnings	0.88	0.97		0.73	0.92	0.88	0.96	0.48	0.7	0.98	0.8	0.86	0.92	-0.91	0.89	0.93	0.79	0.27	0.73	-0.88	0.96	-0.88	0.59	0.76	0.97	0.95
Other Assets	0.67	0.75	0.73		0.66	0.54	0.67	0.19	0.33	0.76	0.42	0.51	0.59	-0.79	0.55	0.67	0.44	0.16	0.36	-0.68	0.68	-0.68	0.59	0.52	0.76	0.77
Common Stock	0.98	0.93	0.92	0.66		0.89	0.97	0.44	0.87	0.91	0.93	0.79	0.97	-0.89	0.91	0.98	0.93	0.22	0.89	-0.7	0.97	-0.7	0.76	0.89	0.91	0.86
Property Plant Equipment	0.88	0.84	0.88	0.54	0.89		0.92	0.33	0.81	0.86	0.87	0.74	0.94	-0.91	0.91	0.94	0.91	0.03	0.83	-0.66	0.91	-0.66	0.75	0.83	0.88	0.83
Total Assets	0.94	0.96	0.96	0.67	0.97	0.92		0.46	0.84	0.96	0.91	0.89	0.96	-0.89	0.92	0.97	0.89	0.23	0.86	-0.76	1.0	-0.76	0.72	0.87	0.96	0.93
Other Current Liab	0.46	0.37	0.48	0.19	0.44	0.33	0.46		0.5	0.39	0.44	0.61	0.51	-0.4	0.27	0.42	0.48	0.89	0.5	-0.23	0.44	-0.23	-0.14	0.06	0.37	0.32
Total Current Liabilities	0.86	0.67	0.7	0.33	0.87	0.81	0.84	0.5		0.66	0.98	0.73	0.86	-0.69	0.77	0.84	0.94	0.32	1.0	-0.4	0.83	-0.4	0.71	0.83	0.67	0.59
Total Stockholder Equity	0.87	0.99	0.98	0.76	0.91	0.86	0.96	0.39	0.66		0.77	0.86	0.89	-0.88	0.89	0.91	0.75	0.16	0.68	-0.85	0.97	-0.85	0.63	0.79	1.0	0.99
Accounts Payable	0.9	0.79	0.8	0.42	0.93	0.87	0.91	0.44	0.98	0.77		0.78	0.91	-0.75	0.85	0.9	0.95	0.25	0.98	-0.57	0.9	-0.57	0.76	0.9	0.77	0.71
Cash	0.72	0.84	0.86	0.51	0.79	0.74	0.89	0.61	0.73	0.86	0.78		0.77	-0.67	0.72	0.75	0.69	0.46	0.74	-0.7	0.9	-0.7	0.42	0.66	0.86	0.86
Non Current Assets Total	0.97	0.9	0.92	0.59	0.97	0.94	0.96	0.51	0.86	0.89	0.91	0.77		-0.91	0.93	0.99	0.95	0.22	0.88	-0.67	0.94	-0.67	0.7	0.82	0.9	0.84
Non Currrent Assets Other	-0.9	-0.86	-0.91	-0.79	-0.89	-0.91	-0.89	-0.4	-0.69	-0.88	-0.75	-0.67	-0.91		-0.82	-0.93	-0.84	-0.17	-0.71	0.72	-0.88	0.72	-0.7	-0.71	-0.9	-0.85
Net Receivables	0.89	0.9	0.89	0.55	0.91	0.91	0.92	0.27	0.77	0.89	0.85	0.72	0.93	-0.82		0.95	0.83	-0.01	0.79	-0.74	0.91	-0.74	0.75	0.89	0.89	0.85
Non Current Liabilities Total	0.98	0.92	0.93	0.67	0.98	0.94	0.97	0.42	0.84	0.91	0.9	0.75	0.99	-0.93	0.95		0.93	0.16	0.86	-0.72	0.95	-0.72	0.77	0.87	0.92	0.86
Inventory	0.93	0.76	0.79	0.44	0.93	0.91	0.89	0.48	0.94	0.75	0.95	0.69	0.95	-0.84	0.83	0.93		0.21	0.95	-0.49	0.87	-0.49	0.73	0.82	0.76	0.69
Other Current Assets	0.21	0.15	0.27	0.16	0.22	0.03	0.23	0.89	0.32	0.16	0.25	0.46	0.22	-0.17	-0.01	0.16	0.21		0.31	-0.15	0.23	-0.15	-0.26	-0.12	0.13	0.1
Total Liab	0.88	0.7	0.73	0.36	0.89	0.83	0.86	0.5	1.0	0.68	0.98	0.74	0.88	-0.71	0.79	0.86	0.95	0.31		-0.43	0.84	-0.43	0.72	0.84	0.69	0.62
Short Long Term Debt	-0.63	-0.86	-0.88	-0.68	-0.7	-0.66	-0.76	-0.23	-0.4	-0.85	-0.57	-0.7	-0.67	0.72	-0.74	-0.72	-0.49	-0.15	-0.43		-0.77	1.0	-0.44	-0.61	-0.83	-0.84
Total Current Assets	0.92	0.96	0.96	0.68	0.97	0.91	1.0	0.44	0.83	0.97	0.9	0.9	0.94	-0.88	0.91	0.95	0.87	0.23	0.84	-0.77		-0.77	0.71	0.87	0.97	0.94
Short Term Debt	-0.63	-0.86	-0.88	-0.68	-0.7	-0.66	-0.76	-0.23	-0.4	-0.85	-0.57	-0.7	-0.67	0.72	-0.74	-0.72	-0.49	-0.15	-0.43	1.0	-0.77		-0.44	-0.61	-0.83	-0.84
Intangible Assets	0.77	0.65	0.59	0.59	0.76	0.75	0.72	-0.14	0.71	0.63	0.76	0.42	0.7	-0.7	0.75	0.77	0.73	-0.26	0.72	-0.44	0.71	-0.44		0.91	0.66	0.62
Common Stock Shares Outstanding	0.85	0.82	0.76	0.52	0.89	0.83	0.87	0.06	0.83	0.79	0.9	0.66	0.82	-0.71	0.89	0.87	0.82	-0.12	0.84	-0.61	0.87	-0.61	0.91		0.8	0.76
Net Invested Capital	0.87	0.98	0.97	0.76	0.91	0.88	0.96	0.37	0.67	1.0	0.77	0.86	0.9	-0.9	0.89	0.92	0.76	0.13	0.69	-0.83	0.97	-0.83	0.66	0.8		0.99
Net Working Capital	0.81	0.97	0.95	0.77	0.86	0.83	0.93	0.32	0.59	0.99	0.71	0.86	0.84	-0.85	0.85	0.86	0.69	0.1	0.62	-0.84	0.94	-0.84	0.62	0.76	0.99

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Chengdu Spaceon Account Relationship Matchups

Chengdu Spaceon fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Liab	32.4M	36.9M	40.6M	46.5M	53.5M	30.7M
Net Tangible Assets	1.3B	1.3B	1.4B	1.5B	1.7B	1.1B
Retained Earnings	625.9M	695.3M	761.7M	843.0M	772.3M	653.8M
Other Assets	21.6M	15.1M	7.8M	10.3M	11.8M	9.6M
Common Stock	106.7M	160.0M	208.0M	275.0M	316.2M	164.7M
Property Plant Equipment	103.3M	176.2M	277.3M	295.2M	339.4M	356.4M
Total Assets	1.6B	1.8B	2.0B	2.6B	2.6B	1.9B
Other Current Liab	32.5M	57.4M	96.4M	161.4M	460.8K	437.7K
Total Current Liabilities	346.2M	445.7M	543.1M	1.0B	955.9M	588.8M
Total Stockholder Equity	1.3B	1.3B	1.4B	1.5B	1.6B	1.3B
Accounts Payable	249.8M	381.3M	430.8M	821.7M	850.8M	475.5M
Cash	366.2M	383.9M	411.3M	787.5M	455.8M	454.8M
Non Current Assets Total	134.4M	200.2M	293.6M	314.5M	332.1M	198.0M
Non Currrent Assets Other	48.8M	62.3M	15.3M	7.3M	6.6M	6.2M
Net Receivables	458.7M	398.9M	644.7M	562.8M	744.2M	536.9M
Non Current Liabilities Total	32.4M	36.9M	46.9M	49.8M	59.7M	37.5M
Inventory	337.9M	470.6M	492.9M	583.3M	599.3M	473.9M
Other Current Assets	12.4M	10.9M	10.4M	29.3M	1.0M	983.6K
Total Liab	378.6M	482.6M	590.0M	1.1B	1.0B	626.3M
Total Current Assets	1.5B	1.6B	1.7B	2.3B	2.2B	1.7B
Intangible Assets	9.4M	8.9M	8.5M	9.1M	11.3M	9.9M
Net Invested Capital	1.3B	1.3B	1.4B	1.5B	1.6B	1.4B
Net Working Capital	1.2B	1.2B	1.2B	1.2B	1.3B	1.2B

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Other Information on Investing in Chengdu Stock

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

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Chengdu Inventory vs Total Liab Analysis

Inventory vs Total Liab

Inventory vs Total Liab Correlation Analysis

Correlation Coefficient

Inventory

Total Liab

Chengdu Spaceon fundamental ratios Correlations

Chengdu Spaceon Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chengdu Spaceon fundamental ratios Accounts

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Other Information on Investing in Chengdu Stock

COMMON DESTINATIONS

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COMPANY

Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Short Term Debt	+ 1.0	Short Long Term Debt
Total Stockholder Equity	+ 0.99	Net Tangible Assets
Net Working Capital	+ 0.99	Total Stockholder Equity

Non Current Liabilities Total	- 0.93	Non Currrent Assets Other
Non Currrent Assets Other	- 0.91	Non Current Assets Total
Non Currrent Assets Other	- 0.91	Property Plant Equipment
Non Currrent Assets Other	- 0.91	Retained Earnings
Net Invested Capital	- 0.9	Non Currrent Assets Other
Non Currrent Assets Other	- 0.9	Other Liab