Guilin Total Current Liabilities vs Selling General Administrative Analysis

002956 Stock   14.56  0.37  2.61%   
Guilin Seamild financial indicator trend analysis is much more than just examining Guilin Seamild Foods latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guilin Seamild Foods is a good investment. Please check the relationship between Guilin Seamild Total Current Liabilities and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guilin Seamild Foods. 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 Current Liabilities vs Selling General Administrative

Total Current Liabilities vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guilin Seamild Foods Total Current Liabilities account and Selling General Administrative. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Guilin Seamild's Total Current Liabilities and Selling General Administrative is 0.85. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Guilin Seamild Foods, assuming nothing else is changed. The correlation between historical values of Guilin Seamild's Total Current Liabilities and Selling General Administrative 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 Current Liabilities of Guilin Seamild Foods are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Liabilities i.e., Guilin Seamild's Total Current Liabilities and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Total Current Liabilities

Total Current Liabilities is an item on Guilin Seamild balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Guilin Seamild Foods are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Selling General Administrative

Most indicators from Guilin Seamild's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guilin Seamild 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 Guilin Seamild Foods. 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 20.2 M, whereas Selling General Administrative is forecasted to decline to about 397.5 M.
 2021 2022 2023 2024 (projected)
Gross Profit538.7M572.1M703.0M576.2M
Total Revenue1.2B1.3B1.6B1.1B

Guilin Seamild fundamental ratios Correlations

-0.030.871.00.961.00.980.910.570.950.550.80.750.70.940.920.970.880.720.51.0-0.930.850.930.970.93
-0.030.01-0.040.01-0.06-0.03-0.17-0.43-0.15-0.67-0.130.26-0.180.1-0.21-0.070.01-0.20.370.010.14-0.31-0.09-0.05-0.09
0.870.010.820.930.840.820.890.630.950.610.760.770.360.870.930.891.00.510.750.83-0.680.850.920.940.96
1.0-0.040.820.941.00.990.890.550.930.520.790.720.750.930.90.960.830.740.441.0-0.950.830.910.950.89
0.960.010.930.940.950.930.90.550.960.560.870.820.560.980.950.970.930.540.650.94-0.830.830.970.970.97
1.0-0.060.841.00.950.980.90.570.950.530.790.710.720.920.920.970.850.750.440.99-0.940.850.920.960.91
0.98-0.030.820.990.930.980.920.630.930.540.840.770.780.920.90.970.830.710.480.98-0.960.860.920.950.9
0.91-0.170.890.890.90.90.920.770.950.610.860.720.660.860.920.920.890.560.60.88-0.870.890.970.960.91
0.57-0.430.630.550.550.570.630.770.720.640.730.390.60.460.740.660.620.480.40.51-0.670.810.730.670.68
0.95-0.150.950.930.960.950.930.950.720.670.840.730.590.890.990.970.950.660.570.92-0.860.940.970.990.97
0.55-0.670.610.520.560.530.540.610.640.670.590.460.310.480.720.620.610.410.220.5-0.50.770.580.580.68
0.8-0.130.760.790.870.790.840.860.730.840.590.810.680.870.870.910.770.320.630.78-0.810.760.920.840.89
0.750.260.770.720.820.710.770.720.390.730.460.810.390.870.720.810.780.180.760.74-0.620.610.780.750.81
0.7-0.180.360.750.560.720.780.660.60.590.310.680.390.610.570.70.370.630.120.73-0.90.550.640.610.53
0.940.10.870.930.980.920.920.860.460.890.480.870.870.610.870.950.880.470.670.94-0.830.720.930.920.93
0.92-0.210.930.90.950.920.90.920.740.990.720.870.720.570.870.960.930.640.530.89-0.850.950.950.970.98
0.97-0.070.890.960.970.970.970.920.660.970.620.910.810.70.950.960.90.630.570.96-0.920.880.970.970.97
0.880.011.00.830.930.850.830.890.620.950.610.770.780.370.880.930.90.520.750.84-0.690.850.930.950.97
0.72-0.20.510.740.540.750.710.560.480.660.410.320.180.630.470.640.630.52-0.040.73-0.750.70.530.660.55
0.50.370.750.440.650.440.480.60.40.570.220.630.760.120.670.530.570.75-0.040.47-0.30.390.670.60.68
1.00.010.831.00.940.990.980.880.510.920.50.780.740.730.940.890.960.840.730.47-0.930.80.90.950.89
-0.930.14-0.68-0.95-0.83-0.94-0.96-0.87-0.67-0.86-0.5-0.81-0.62-0.9-0.83-0.85-0.92-0.69-0.75-0.3-0.93-0.82-0.86-0.88-0.8
0.85-0.310.850.830.830.850.860.890.810.940.770.760.610.550.720.950.880.850.70.390.8-0.820.860.910.89
0.93-0.090.920.910.970.920.920.970.730.970.580.920.780.640.930.950.970.930.530.670.9-0.860.860.970.97
0.97-0.050.940.950.970.960.950.960.670.990.580.840.750.610.920.970.970.950.660.60.95-0.880.910.970.97
0.93-0.090.960.890.970.910.90.910.680.970.680.890.810.530.930.980.970.970.550.680.89-0.80.890.970.97
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Guilin Seamild Account Relationship Matchups

Guilin Seamild fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.7B1.7B1.8B1.9B2.0B1.5B
Other Current Liab77.3M43.4M73.6M112.2M16.0M15.2M
Total Current Liabilities305.1M342.3M410.6M500.4M540.3M385.9M
Total Stockholder Equity1.3B1.3B1.4B1.4B1.5B1.1B
Other Liab8.8M9.9M13.8M12.2M14.0M9.0M
Net Tangible Assets1.3B1.3B1.3B1.4B1.6B1.0B
Retained Earnings429.8M433.9M478.4M527.3M504.1M397.4M
Accounts Payable85.9M215.6M196.1M236.7M267.1M171.3M
Cash148.3M251.3M276.7M411.5M526.2M349.9M
Non Current Assets Total296.0M354.0M400.2M458.4M602.6M354.4M
Non Currrent Assets Other1.6M1.4M6.4M354.9K18.6M19.5M
Other Assets9.3M13.0M26.7M18.3M21.1M15.6M
Net Receivables60.3M59.7M84.2M77.3M67.5M70.0M
Non Current Liabilities Total8.8M9.9M14.5M12.3M11.1M9.5M
Inventory111.4M110.4M164.1M153.9M246.4M131.1M
Other Current Assets37.9M35.8M55.2M49.7M57.6M39.3M
Total Liab314.0M352.2M425.0M512.7M551.4M395.4M
Deferred Long Term Liab2.0M1.5M849.5K1.6M1.8M1.5M
Short Long Term Debt20.0M47.0M100.1M128.1M75.0M67.8M
Total Current Assets1.4B1.3B1.4B1.5B1.4B1.2B
Intangible Assets23.3M22.7M23.7M28.0M41.9M26.6M
Common Stock80M160M223.9M223.3M256.8M131.6M
Property Plant Equipment263.4M318.2M349.8M412.1M473.9M271.0M
Net Invested Capital1.4B1.4B1.5B1.5B1.5B1.3B
Net Working Capital1.1B1.0B966.0M962.2M867.3M854.7M
Capital Stock80M160M223.9M223.3M256.8M177.9M

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Other Information on Investing in Guilin Stock

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