Chengdu Total Assets vs Total Revenue Analysis

002935 Stock   15.10  0.01  0.07%   
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 Total Assets and its Total Revenue 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.

Total Assets vs Total Revenue

Total Assets vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chengdu Spaceon Elec Total Assets account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Chengdu Spaceon's Total Assets and Total Revenue is 0.97. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Revenue 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 Total Assets and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Chengdu Spaceon Electronics are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Assets i.e., Chengdu Spaceon's Total Assets and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Chengdu Spaceon assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Chengdu Spaceon Elec books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Revenue

Total revenue comprises all receipts Chengdu Spaceon Elec generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
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 Provision7.0M4.4M5.5M6.9M
Income Tax Expense7.0M4.4M4.0M7.6M

Chengdu Spaceon fundamental ratios Correlations

0.880.880.670.980.880.940.460.860.870.90.720.97-0.90.890.980.930.210.88-0.630.92-0.630.770.850.870.81
0.880.970.750.930.840.960.370.670.990.790.840.9-0.860.90.920.760.150.7-0.860.96-0.860.650.820.980.97
0.880.970.730.920.880.960.480.70.980.80.860.92-0.910.890.930.790.270.73-0.880.96-0.880.590.760.970.95
0.670.750.730.660.540.670.190.330.760.420.510.59-0.790.550.670.440.160.36-0.680.68-0.680.590.520.760.77
0.980.930.920.660.890.970.440.870.910.930.790.97-0.890.910.980.930.220.89-0.70.97-0.70.760.890.910.86
0.880.840.880.540.890.920.330.810.860.870.740.94-0.910.910.940.910.030.83-0.660.91-0.660.750.830.880.83
0.940.960.960.670.970.920.460.840.960.910.890.96-0.890.920.970.890.230.86-0.761.0-0.760.720.870.960.93
0.460.370.480.190.440.330.460.50.390.440.610.51-0.40.270.420.480.890.5-0.230.44-0.23-0.140.060.370.32
0.860.670.70.330.870.810.840.50.660.980.730.86-0.690.770.840.940.321.0-0.40.83-0.40.710.830.670.59
0.870.990.980.760.910.860.960.390.660.770.860.89-0.880.890.910.750.160.68-0.850.97-0.850.630.791.00.99
0.90.790.80.420.930.870.910.440.980.770.780.91-0.750.850.90.950.250.98-0.570.9-0.570.760.90.770.71
0.720.840.860.510.790.740.890.610.730.860.780.77-0.670.720.750.690.460.74-0.70.9-0.70.420.660.860.86
0.970.90.920.590.970.940.960.510.860.890.910.77-0.910.930.990.950.220.88-0.670.94-0.670.70.820.90.84
-0.9-0.86-0.91-0.79-0.89-0.91-0.89-0.4-0.69-0.88-0.75-0.67-0.91-0.82-0.93-0.84-0.17-0.710.72-0.880.72-0.7-0.71-0.9-0.85
0.890.90.890.550.910.910.920.270.770.890.850.720.93-0.820.950.83-0.010.79-0.740.91-0.740.750.890.890.85
0.980.920.930.670.980.940.970.420.840.910.90.750.99-0.930.950.930.160.86-0.720.95-0.720.770.870.920.86
0.930.760.790.440.930.910.890.480.940.750.950.690.95-0.840.830.930.210.95-0.490.87-0.490.730.820.760.69
0.210.150.270.160.220.030.230.890.320.160.250.460.22-0.17-0.010.160.210.31-0.150.23-0.15-0.26-0.120.130.1
0.880.70.730.360.890.830.860.51.00.680.980.740.88-0.710.790.860.950.31-0.430.84-0.430.720.840.690.62
-0.63-0.86-0.88-0.68-0.7-0.66-0.76-0.23-0.4-0.85-0.57-0.7-0.670.72-0.74-0.72-0.49-0.15-0.43-0.771.0-0.44-0.61-0.83-0.84
0.920.960.960.680.970.911.00.440.830.970.90.90.94-0.880.910.950.870.230.84-0.77-0.770.710.870.970.94
-0.63-0.86-0.88-0.68-0.7-0.66-0.76-0.23-0.4-0.85-0.57-0.7-0.670.72-0.74-0.72-0.49-0.15-0.431.0-0.77-0.44-0.61-0.83-0.84
0.770.650.590.590.760.750.72-0.140.710.630.760.420.7-0.70.750.770.73-0.260.72-0.440.71-0.440.910.660.62
0.850.820.760.520.890.830.870.060.830.790.90.660.82-0.710.890.870.82-0.120.84-0.610.87-0.610.910.80.76
0.870.980.970.760.910.880.960.370.671.00.770.860.9-0.90.890.920.760.130.69-0.830.97-0.830.660.80.99
0.810.970.950.770.860.830.930.320.590.990.710.860.84-0.850.850.860.690.10.62-0.840.94-0.840.620.760.99
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Chengdu Spaceon Account Relationship Matchups

Chengdu Spaceon fundamental ratios Accounts

201920202021202220232024 (projected)
Other Liab32.4M36.9M40.6M46.5M53.5M30.7M
Net Tangible Assets1.3B1.3B1.4B1.5B1.7B1.1B
Retained Earnings625.9M695.3M761.7M843.0M772.3M653.8M
Other Assets21.6M15.1M7.8M10.3M11.8M9.6M
Common Stock106.7M160.0M208.0M275.0M316.2M164.7M
Property Plant Equipment103.3M176.2M277.3M295.2M339.4M356.4M
Total Assets1.6B1.8B2.0B2.6B2.6B1.9B
Other Current Liab32.5M57.4M96.4M161.4M460.8K437.7K
Total Current Liabilities346.2M445.7M543.1M1.0B955.9M588.8M
Total Stockholder Equity1.3B1.3B1.4B1.5B1.6B1.3B
Accounts Payable249.8M381.3M430.8M821.7M850.8M475.5M
Cash366.2M383.9M411.3M787.5M455.8M454.8M
Non Current Assets Total134.4M200.2M293.6M314.5M332.1M198.0M
Non Currrent Assets Other48.8M62.3M15.3M7.3M6.6M6.2M
Net Receivables458.7M398.9M644.7M562.8M744.2M536.9M
Non Current Liabilities Total32.4M36.9M46.9M49.8M59.7M37.5M
Inventory337.9M470.6M492.9M583.3M599.3M473.9M
Other Current Assets12.4M10.9M10.4M29.3M1.0M983.6K
Total Liab378.6M482.6M590.0M1.1B1.0B626.3M
Total Current Assets1.5B1.6B1.7B2.3B2.2B1.7B
Intangible Assets9.4M8.9M8.5M9.1M11.3M9.9M
Net Invested Capital1.3B1.3B1.4B1.5B1.6B1.4B
Net Working Capital1.2B1.2B1.2B1.2B1.3B1.2B

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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.