Shenzhen Net Receivables vs Non Current Liabilities Total Analysis

300124 Stock

60.19 2.95 4.67%

Shenzhen Inovance financial indicator trend analysis is much more than just breaking down Shenzhen Inovance Tech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Inovance Tech is a good investment. Please check the relationship between Shenzhen Inovance Net Receivables and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Inovance Tech. 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.

Net Receivables vs Non Current Liabilities Total

Net Receivables vs Non Current Liabilities Total Correlation Analysis

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

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

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Non Current Liabilities Total

Most indicators from Shenzhen Inovance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Inovance Tech 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 Shenzhen Inovance Tech. 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 Selling General Administrative is expected to grow to about 1.7 B, whereas Tax Provision is forecasted to decline to about 133.6 M.

	2022	2023	2024	2025 (projected)
Operating Income	4.0B	4.9B	5.6B	5.9B
Total Revenue	23.0B	30.4B	35.0B	36.7B

Operating Income Total Revenue

Shenzhen Inovance fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Good Will	Short Term Investments	Net Tangible Assets	Long Term Debt	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Treasury Stock
Total Assets		0.98	1.0	1.0	1.0	1.0	0.97	0.99	0.98	1.0	0.85	1.0	0.96	0.9	0.99	0.98	0.9	0.34	0.99	0.97	-0.58	0.8	0.8	0.65	1.0	-0.6
Other Current Liab	0.98		0.98	0.97	0.98	0.97	0.95	0.97	0.97	0.97	0.86	0.98	0.96	0.93	0.98	0.98	0.88	0.41	0.96	0.95	-0.62	0.8	0.82	0.75	0.97	-0.68
Total Current Liabilities	1.0	0.98		1.0	1.0	1.0	0.97	0.99	0.98	0.99	0.84	1.0	0.95	0.9	0.99	0.99	0.89	0.34	0.99	0.97	-0.56	0.79	0.79	0.66	1.0	-0.59
Total Stockholder Equity	1.0	0.97	1.0		1.0	1.0	0.97	0.99	0.98	1.0	0.86	0.99	0.96	0.92	0.99	0.97	0.91	0.37	0.99	0.96	-0.6	0.82	0.81	0.64	0.99	-0.61
Retained Earnings	1.0	0.98	1.0	1.0		1.0	0.97	0.99	0.98	1.0	0.86	1.0	0.96	0.91	0.99	0.98	0.9	0.36	0.99	0.97	-0.6	0.82	0.81	0.65	1.0	-0.61
Accounts Payable	1.0	0.97	1.0	1.0	1.0		0.97	0.99	0.98	0.99	0.84	1.0	0.94	0.89	0.99	0.98	0.88	0.31	0.99	0.97	-0.54	0.79	0.78	0.62	1.0	-0.56
Cash	0.97	0.95	0.97	0.97	0.97	0.97		0.97	0.94	0.96	0.81	0.97	0.88	0.82	0.97	0.97	0.82	0.25	0.96	0.96	-0.42	0.7	0.67	0.59	0.98	-0.47
Other Assets	0.99	0.97	0.99	0.99	0.99	0.99	0.97		0.96	1.0	0.9	0.99	0.94	0.9	1.0	0.98	0.89	0.37	1.0	0.95	-0.56	0.82	0.78	0.68	0.99	-0.57
Net Receivables	0.98	0.97	0.98	0.98	0.98	0.98	0.94	0.96		0.97	0.79	0.98	0.97	0.93	0.97	0.96	0.88	0.32	0.95	0.94	-0.62	0.79	0.83	0.65	0.97	-0.66
Inventory	1.0	0.97	0.99	1.0	1.0	0.99	0.96	1.0	0.97		0.89	0.99	0.96	0.91	1.0	0.97	0.91	0.38	1.0	0.96	-0.6	0.83	0.81	0.66	0.99	-0.61
Other Current Assets	0.85	0.86	0.84	0.86	0.86	0.84	0.81	0.9	0.79	0.89		0.83	0.84	0.85	0.89	0.83	0.83	0.58	0.91	0.78	-0.61	0.86	0.76	0.76	0.85	-0.6
Total Liab	1.0	0.98	1.0	0.99	1.0	1.0	0.97	0.99	0.98	0.99	0.83		0.95	0.89	0.99	0.99	0.88	0.32	0.98	0.97	-0.55	0.79	0.78	0.65	1.0	-0.58
Intangible Assets	0.96	0.96	0.95	0.96	0.96	0.94	0.88	0.94	0.97	0.96	0.84	0.95		0.97	0.96	0.92	0.95	0.5	0.94	0.91	-0.76	0.87	0.92	0.72	0.94	-0.77
Common Stock	0.9	0.93	0.9	0.92	0.91	0.89	0.82	0.9	0.93	0.91	0.85	0.89	0.97		0.91	0.86	0.89	0.56	0.9	0.83	-0.82	0.84	0.91	0.69	0.88	-0.84
Property Plant Equipment	0.99	0.98	0.99	0.99	0.99	0.99	0.97	1.0	0.97	1.0	0.89	0.99	0.96	0.91		0.98	0.91	0.39	0.99	0.96	-0.59	0.83	0.81	0.71	0.99	-0.6
Other Liab	0.98	0.98	0.99	0.97	0.98	0.98	0.97	0.98	0.96	0.97	0.83	0.99	0.92	0.86	0.98		0.83	0.29	0.97	0.96	-0.49	0.75	0.74	0.7	0.98	-0.54
Good Will	0.9	0.88	0.89	0.91	0.9	0.88	0.82	0.89	0.88	0.91	0.83	0.88	0.95	0.89	0.91	0.83		0.58	0.89	0.89	-0.75	0.91	0.89	0.71	0.88	-0.7
Short Term Investments	0.34	0.41	0.34	0.37	0.36	0.31	0.25	0.37	0.32	0.38	0.58	0.32	0.5	0.56	0.39	0.29	0.58		0.38	0.26	-0.61	0.52	0.53	0.57	0.31	-0.59
Net Tangible Assets	0.99	0.96	0.99	0.99	0.99	0.99	0.96	1.0	0.95	1.0	0.91	0.98	0.94	0.9	0.99	0.97	0.89	0.38		0.95	-0.57	0.83	0.79	0.67	0.99	-0.58
Long Term Debt	0.97	0.95	0.97	0.96	0.97	0.97	0.96	0.95	0.94	0.96	0.78	0.97	0.91	0.83	0.96	0.96	0.89	0.26	0.95		-0.52	0.77	0.76	0.61	0.97	-0.53
Other Stockholder Equity	-0.58	-0.62	-0.56	-0.6	-0.6	-0.54	-0.42	-0.56	-0.62	-0.6	-0.61	-0.55	-0.76	-0.82	-0.59	-0.49	-0.75	-0.61	-0.57	-0.52		-0.79	-0.93	-0.59	-0.54	0.96
Deferred Long Term Liab	0.8	0.8	0.79	0.82	0.82	0.79	0.7	0.82	0.79	0.83	0.86	0.79	0.87	0.84	0.83	0.75	0.91	0.52	0.83	0.77	-0.79		0.9	0.76	0.79	-0.72
Long Term Investments	0.8	0.82	0.79	0.81	0.81	0.78	0.67	0.78	0.83	0.81	0.76	0.78	0.92	0.91	0.81	0.74	0.89	0.53	0.79	0.76	-0.93	0.9		0.73	0.77	-0.89
Short Long Term Debt	0.65	0.75	0.66	0.64	0.65	0.62	0.59	0.68	0.65	0.66	0.76	0.65	0.72	0.69	0.71	0.7	0.71	0.57	0.67	0.61	-0.59	0.76	0.73		0.63	-0.62
Total Current Assets	1.0	0.97	1.0	0.99	1.0	1.0	0.98	0.99	0.97	0.99	0.85	1.0	0.94	0.88	0.99	0.98	0.88	0.31	0.99	0.97	-0.54	0.79	0.77	0.63		-0.56
Treasury Stock	-0.6	-0.68	-0.59	-0.61	-0.61	-0.56	-0.47	-0.57	-0.66	-0.61	-0.6	-0.58	-0.77	-0.84	-0.6	-0.54	-0.7	-0.59	-0.58	-0.53	0.96	-0.72	-0.89	-0.62	-0.56

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Shenzhen Inovance Account Relationship Matchups

Shenzhen Inovance fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	18.6B	27.3B	39.2B	49.0B	56.3B	59.1B
Other Current Liab	1.0B	1.2B	2.6B	2.4B	2.8B	2.9B
Total Current Liabilities	6.0B	10.0B	16.1B	19.6B	22.6B	23.7B
Total Stockholder Equity	10.6B	15.9B	19.8B	24.5B	28.2B	29.6B
Retained Earnings	6.1B	9.0B	12.6B	15.1B	17.4B	18.3B
Accounts Payable	3.8B	6.4B	9.3B	12.3B	14.2B	14.9B
Cash	3.0B	4.0B	7.4B	8.5B	9.8B	10.2B
Other Assets	363.9M	606.6M	1.2B	1.8B	2.1B	2.2B
Net Receivables	3.0B	4.4B	6.4B	8.8B	10.1B	10.6B
Inventory	2.4B	4.2B	5.5B	6.2B	7.2B	7.5B
Other Current Assets	290.9M	849.6M	1.1B	572.9M	658.9M	691.8M
Total Liab	7.6B	11.0B	19.1B	24.0B	27.6B	28.9B
Intangible Assets	497.9M	583.9M	711.6M	797.4M	917.1M	962.9M
Common Stock	1.7B	1.7B	2.6B	2.7B	3.1B	3.2B
Property Plant Equipment	1.6B	2.0B	2.9B	4.8B	5.6B	5.8B
Other Liab	209.9M	254.3M	362.0M	1.2B	1.3B	1.4B
Short Term Investments	1.3B	2.1B	2.0B	671.9M	772.7M	1.4B
Net Tangible Assets	6.1B	8.2B	13.4B	17.1B	19.7B	20.7B
Long Term Debt	1.4B	597.0M	1.8B	2.3B	2.7B	2.8B
Other Stockholder Equity	2.9M	(5.8M)	(6.4M)	13.9M	12.5M	10.3M
Deferred Long Term Liab	118.0M	121.0M	165.0M	159.9M	183.9M	92.4M
Short Long Term Debt	331.1M	404.6M	2.1B	804.3M	924.9M	706.1M
Total Current Assets	12.5B	18.4B	25.9B	31.2B	35.9B	37.7B
Non Current Assets Total	6.2B	8.9B	13.3B	17.7B	20.4B	21.4B
Non Currrent Assets Other	186.2M	405.3M	630.8M	1.8B	2.1B	2.2B
Non Current Liabilities Total	1.7B	977.0M	3.0B	4.3B	5.0B	5.2B
Non Current Liabilities Other	131.5M	212.2M	702.5M	1.3B	1.5B	1.6B
Common Stock Shares Outstanding	2.6B	2.6B	2.7B	2.7B	3.1B	2.9B
Net Invested Capital	12.4B	16.9B	23.7B	27.6B	31.8B	16.3B
Net Working Capital	6.5B	8.4B	9.9B	11.6B	13.3B	7.7B
Capital Stock	1.7B	2.6B	2.7B	2.7B	3.1B	2.4B
Property Plant And Equipment Net	2.0B	2.9B	4.8B	6.8B	7.8B	4.0B
Property Plant And Equipment Gross	2.7B	3.8B	4.8B	8.5B	9.8B	10.3B

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

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Shenzhen Net Receivables vs Non Current Liabilities Total Analysis

Net Receivables vs Non Current Liabilities Total

Net Receivables vs Non Current Liabilities Total Correlation Analysis

Correlation Coefficient

Net Receivables

Non Current Liabilities Total

Shenzhen Inovance fundamental ratios Correlations

Shenzhen Inovance Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen Inovance fundamental ratios Accounts

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Other Information on Investing in Shenzhen Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Assets
Inventory	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets

Long Term Investments	- 0.93	Other Stockholder Equity
Treasury Stock	- 0.89	Long Term Investments
Treasury Stock	- 0.84	Common Stock
Other Stockholder Equity	- 0.82	Common Stock
Deferred Long Term Liab	- 0.79	Other Stockholder Equity
Treasury Stock	- 0.77	Intangible Assets