Northking Total Current Assets vs Net Receivables Analysis

002987 Stock

16.02 1.09 7.30%

Northking Information financial indicator trend analysis is infinitely more than just investigating Northking Information recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northking Information is a good investment. Please check the relationship between Northking Information Total Current Assets and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Northking Information Technology. 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 Assets vs Net Receivables

Total Current Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northking Information Total Current Assets account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Northking Information's Total Current Assets and Net Receivables is 0.93. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Northking Information Technology, assuming nothing else is changed. The correlation between historical values of Northking Information's Total Current Assets and Net Receivables 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 Assets of Northking Information Technology are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Current Assets i.e., Northking Information's Total Current Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Net Receivables

Most indicators from Northking Information's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northking Information 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 Northking Information Technology. 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 (5.9 M). In addition to that, Selling General Administrative is expected to decline to about 76.7 M

	2021	2022	2023	2024 (projected)
Gross Profit	720.1M	826.5M	989.2M	588.9M
Total Revenue	3.1B	3.7B	4.2B	2.5B

Gross Profit Total Revenue

Northking Information fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Non Currrent Assets Other	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital
Total Assets		0.22	0.99	1.0	0.9	0.94	0.92	-0.21	0.97	0.67	0.98	0.93	0.84	0.92	-0.58	0.98	0.97	-0.71	1.0	0.53	0.93	0.87	-0.41	0.86	1.0	0.99
Other Current Liab	0.22		0.18	0.22	0.38	0.05	-0.02	0.03	0.34	-0.46	0.22	0.36	0.44	0.22	0.05	0.21	0.35	-0.01	0.28	-0.61	0.03	0.19	0.57	-0.19	0.19	0.27
Total Current Liabilities	0.99	0.18		0.98	0.86	0.93	0.93	-0.27	0.96	0.7	0.97	0.93	0.85	0.92	-0.61	1.0	0.93	-0.69	0.98	0.57	0.95	0.87	-0.45	0.88	0.98	0.97
Total Stockholder Equity	1.0	0.22	0.98		0.9	0.94	0.92	-0.19	0.97	0.67	0.98	0.93	0.83	0.92	-0.57	0.98	0.97	-0.72	1.0	0.52	0.92	0.87	-0.41	0.85	1.0	0.99
Other Liab	0.9	0.38	0.86	0.9		0.85	0.8	0.0	0.93	0.52	0.84	0.85	0.69	0.79	-0.45	0.86	0.9	-0.59	0.91	0.38	0.7	0.77	-0.31	0.66	0.9	0.91
Net Tangible Assets	0.94	0.05	0.93	0.94	0.85		0.99	-0.18	0.91	0.83	0.9	0.88	0.77	0.87	-0.59	0.93	0.89	-0.75	0.94	0.71	0.84	0.83	-0.67	0.82	0.95	0.95
Retained Earnings	0.92	-0.02	0.93	0.92	0.8	0.99		-0.19	0.89	0.86	0.89	0.87	0.76	0.87	-0.64	0.93	0.85	-0.77	0.91	0.74	0.85	0.84	-0.7	0.83	0.93	0.92
Accounts Payable	-0.21	0.03	-0.27	-0.19	0.0	-0.18	-0.19		-0.19	-0.2	-0.29	-0.21	-0.43	-0.17	-0.26	-0.29	-0.2	-0.32	-0.19	-0.25	-0.41	0.05	0.18	-0.38	-0.21	-0.18
Cash	0.97	0.34	0.96	0.97	0.93	0.91	0.89	-0.19		0.63	0.96	0.98	0.88	0.92	-0.57	0.96	0.98	-0.7	0.97	0.48	0.84	0.88	-0.39	0.81	0.97	0.97
Non Current Assets Total	0.67	-0.46	0.7	0.67	0.52	0.83	0.86	-0.2	0.63		0.64	0.62	0.47	0.66	-0.57	0.69	0.58	-0.66	0.63	0.97	0.67	0.64	-0.93	0.82	0.69	0.64
Other Assets	0.98	0.22	0.97	0.98	0.84	0.9	0.89	-0.29	0.96	0.64		0.95	0.89	0.95	-0.61	0.98	0.97	-0.69	0.98	0.5	0.95	0.89	-0.37	0.87	0.98	0.97
Net Receivables	0.93	0.36	0.93	0.93	0.85	0.88	0.87	-0.21	0.98	0.62	0.95		0.94	0.97	-0.67	0.95	0.96	-0.7	0.93	0.45	0.83	0.93	-0.37	0.77	0.93	0.93
Non Current Liabilities Total	0.84	0.44	0.85	0.83	0.69	0.77	0.76	-0.43	0.88	0.47	0.89	0.94		0.91	-0.55	0.88	0.89	-0.54	0.85	0.31	0.8	0.81	-0.25	0.67	0.83	0.84
Inventory	0.92	0.22	0.92	0.92	0.79	0.87	0.87	-0.17	0.92	0.66	0.95	0.97	0.91		-0.78	0.93	0.95	-0.74	0.91	0.48	0.85	0.97	-0.39	0.79	0.91	0.91
Other Current Assets	-0.58	0.05	-0.61	-0.57	-0.45	-0.59	-0.64	-0.26	-0.57	-0.57	-0.61	-0.67	-0.55	-0.78		-0.61	-0.57	0.78	-0.56	-0.41	-0.54	-0.89	0.37	-0.52	-0.57	-0.56
Total Liab	0.98	0.21	1.0	0.98	0.86	0.93	0.93	-0.29	0.96	0.69	0.98	0.95	0.88	0.93	-0.61		0.94	-0.68	0.98	0.55	0.94	0.88	-0.44	0.87	0.98	0.97
Deferred Long Term Liab	0.97	0.35	0.93	0.97	0.9	0.89	0.85	-0.2	0.98	0.58	0.97	0.96	0.89	0.95	-0.57	0.94		-0.67	0.97	0.42	0.85	0.88	-0.32	0.79	0.96	0.97
Short Long Term Debt	-0.71	-0.01	-0.69	-0.72	-0.59	-0.75	-0.77	-0.32	-0.7	-0.66	-0.69	-0.7	-0.54	-0.74	0.78	-0.68	-0.67		-0.7	-0.52	-0.6	-0.83	0.49	-0.6	-0.72	-0.71
Total Current Assets	1.0	0.28	0.98	1.0	0.91	0.94	0.91	-0.19	0.97	0.63	0.98	0.93	0.85	0.91	-0.56	0.98	0.97	-0.7		0.48	0.91	0.86	-0.38	0.82	1.0	1.0
Intangible Assets	0.53	-0.61	0.57	0.52	0.38	0.71	0.74	-0.25	0.48	0.97	0.5	0.45	0.31	0.48	-0.41	0.55	0.42	-0.52	0.48		0.56	0.46	-0.95	0.76	0.55	0.49
Common Stock	0.93	0.03	0.95	0.92	0.7	0.84	0.85	-0.41	0.84	0.67	0.95	0.83	0.8	0.85	-0.54	0.94	0.85	-0.6	0.91	0.56		0.77	-0.4	0.92	0.92	0.9
Property Plant Equipment	0.87	0.19	0.87	0.87	0.77	0.83	0.84	0.05	0.88	0.64	0.89	0.93	0.81	0.97	-0.89	0.88	0.88	-0.83	0.86	0.46	0.77		-0.38	0.73	0.86	0.86
Non Currrent Assets Other	-0.41	0.57	-0.45	-0.41	-0.31	-0.67	-0.7	0.18	-0.39	-0.93	-0.37	-0.37	-0.25	-0.39	0.37	-0.44	-0.32	0.49	-0.38	-0.95	-0.4	-0.38		-0.57	-0.45	-0.41
Common Stock Shares Outstanding	0.86	-0.19	0.88	0.85	0.66	0.82	0.83	-0.38	0.81	0.82	0.87	0.77	0.67	0.79	-0.52	0.87	0.79	-0.6	0.82	0.76	0.92	0.73	-0.57		0.86	0.81
Net Invested Capital	1.0	0.19	0.98	1.0	0.9	0.95	0.93	-0.21	0.97	0.69	0.98	0.93	0.83	0.91	-0.57	0.98	0.96	-0.72	1.0	0.55	0.92	0.86	-0.45	0.86		1.0
Net Working Capital	0.99	0.27	0.97	0.99	0.91	0.95	0.92	-0.18	0.97	0.64	0.97	0.93	0.84	0.91	-0.56	0.97	0.97	-0.71	1.0	0.49	0.9	0.86	-0.41	0.81	1.0

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Northking Information Account Relationship Matchups

Northking Information fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	890.2M	2.1B	2.4B	2.7B	3.1B	1.8B
Other Current Liab	31.0M	37.2M	55.7M	36.6M	998.8K	948.9K
Total Current Liabilities	257.9M	313.4M	407.3M	451.0M	506.8M	338.7M
Total Stockholder Equity	630.4M	1.8B	2.0B	2.2B	2.5B	1.4B
Other Liab	1.9M	3.5M	3.0M	2.5M	2.9M	2.3M
Net Tangible Assets	630.3M	1.8B	2.0B	2.2B	2.6B	2.7B
Retained Earnings	286.2M	562.3M	760.8M	1.0B	1.2B	1.2B
Accounts Payable	8.5M	9.0M	2.8M	2.9M	2.3M	4.4M
Cash	366.2M	622.3M	861.2M	653.2M	809.8M	537.6M
Non Current Assets Total	71.6M	81.5M	133.2M	113.8M	449.8M	472.2M
Other Assets	5.1M	12.3M	19.0M	19.3M	22.3M	11.4M
Net Receivables	438.1M	563.5M	1.1B	777.2M	892.2M	638.8M
Non Current Liabilities Total	1.9M	3.5M	37.8M	27.1M	20.0M	12.9M
Inventory	7.3M	11.0M	23.3M	18.8M	21.0M	14.4M
Other Current Assets	7.0M	16.7M	6.3M	8.1M	5.4M	7.5M
Total Liab	259.8M	316.9M	445.1M	478.1M	526.8M	351.6M
Deferred Long Term Liab	1.3M	6.3M	9.2M	7.1M	8.1M	4.5M
Total Current Assets	818.6M	2.0B	2.3B	2.6B	2.6B	1.6B
Intangible Assets	73.1K	103.8K	665.3K	627.9K	339.8M	356.8M
Property Plant Equipment	66.4M	69.1M	113.5M	93.8M	107.9M	79.3M
Net Invested Capital	676.4M	1.8B	2.0B	2.2B	2.5B	1.6B
Net Working Capital	560.7M	1.7B	1.9B	2.1B	2.1B	1.4B

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Other Information on Investing in Northking Stock

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

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Northking Total Current Assets vs Net Receivables Analysis

Total Current Assets vs Net Receivables

Total Current Assets vs Net Receivables Correlation Analysis

Correlation Coefficient

Total Current Assets

Net Receivables

Northking Information fundamental ratios Correlations

Northking Information Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northking Information fundamental ratios Accounts

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Other Information on Investing in Northking Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Total Stockholder Equity

Non Currrent Assets Other	- 0.95	Intangible Assets
Non Currrent Assets Other	- 0.93	Non Current Assets Total
Property Plant Equipment	- 0.89	Other Current Assets
Property Plant Equipment	- 0.83	Short Long Term Debt
Other Current Assets	- 0.78	Inventory
Short Long Term Debt	- 0.77	Retained Earnings