Guangzhou Good Will vs Total Current Liabilities Analysis

300219 Stock

7.82 0.12 1.56%

Guangzhou Hongli financial indicator trend analysis is much more than just examining Guangzhou Hongli Opto latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangzhou Hongli Opto is a good investment. Please check the relationship between Guangzhou Hongli Good Will and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangzhou Hongli Opto. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Good Will vs Total Current Liabilities

Good Will vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangzhou Hongli Opto Good Will account and Total Current Liabilities. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Guangzhou Hongli's Good Will and Total Current Liabilities is 0.16. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Guangzhou Hongli Opto, assuming nothing else is changed. The correlation between historical values of Guangzhou Hongli's Good Will and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Guangzhou Hongli Opto are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Good Will i.e., Guangzhou Hongli's Good Will and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.16

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Total Current Liabilities

Total Current Liabilities is an item on Guangzhou Hongli balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Guangzhou Hongli Opto 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.

Most indicators from Guangzhou Hongli's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangzhou Hongli Opto 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 Guangzhou Hongli Opto. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

The current year's Selling General Administrative is expected to grow to about 139.2 M, whereas Tax Provision is forecasted to decline to about 24.6 M.

	2021	2022	2023	2024 (projected)
Operating Income	328.5M	292.5M	327.4M	204.1M
Total Revenue	4.1B	3.6B	3.8B	2.3B

Operating Income Total Revenue

Guangzhou Hongli fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Short Term Investments	Good Will	Treasury Stock	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total
Total Assets		0.57	0.96	0.98	0.63	0.62	0.82	0.6	0.81	0.95	0.95	0.76	0.89	0.79	0.93	0.86	0.57	0.44	0.32	0.91	0.91	0.55	0.73	0.84	0.93	0.74
Other Current Liab	0.57		0.5	0.64	0.43	0.64	0.16	0.12	0.1	0.55	0.45	0.77	0.32	0.46	0.49	0.23	-0.01	0.82	0.84	0.5	0.28	-0.19	0.09	0.37	0.34	0.62
Total Current Liabilities	0.96	0.5		0.91	0.54	0.42	0.88	0.45	0.82	0.95	0.99	0.75	0.89	0.79	0.92	0.88	0.49	0.32	0.16	0.91	0.92	0.66	0.85	0.79	0.92	0.63
Total Stockholder Equity	0.98	0.64	0.91		0.64	0.69	0.75	0.62	0.74	0.93	0.9	0.78	0.84	0.74	0.91	0.82	0.52	0.54	0.44	0.88	0.86	0.47	0.64	0.82	0.88	0.77
Other Liab	0.63	0.43	0.54	0.64		0.5	0.45	0.71	0.52	0.53	0.51	0.57	0.54	0.51	0.66	0.47	0.27	0.38	0.33	0.68	0.49	0.33	0.21	0.82	0.5	0.36
Retained Earnings	0.62	0.64	0.42	0.69	0.5		0.25	0.6	0.31	0.46	0.4	0.56	0.45	0.51	0.52	0.37	0.45	0.63	0.76	0.48	0.37	-0.16	-0.04	0.49	0.46	0.77
Accounts Payable	0.82	0.16	0.88	0.75	0.45	0.25		0.4	0.96	0.82	0.89	0.57	0.96	0.69	0.8	0.98	0.63	0.07	-0.11	0.86	0.92	0.85	0.86	0.8	0.91	0.54
Cash	0.6	0.12	0.45	0.62	0.71	0.6	0.4		0.53	0.39	0.47	0.37	0.51	0.44	0.58	0.48	0.57	0.1	0.17	0.49	0.49	0.25	0.21	0.63	0.53	0.45
Other Assets	0.81	0.1	0.82	0.74	0.52	0.31	0.96	0.53		0.77	0.82	0.47	0.96	0.65	0.8	0.97	0.77	0.05	-0.12	0.85	0.89	0.82	0.79	0.82	0.9	0.57
Net Receivables	0.95	0.55	0.95	0.93	0.53	0.46	0.82	0.39	0.77		0.93	0.71	0.84	0.7	0.9	0.83	0.41	0.52	0.29	0.89	0.9	0.62	0.8	0.77	0.89	0.63
Inventory	0.95	0.45	0.99	0.9	0.51	0.4	0.89	0.47	0.82	0.93		0.74	0.89	0.77	0.9	0.89	0.5	0.26	0.11	0.89	0.95	0.7	0.86	0.79	0.94	0.61
Other Current Assets	0.76	0.77	0.75	0.78	0.57	0.56	0.57	0.37	0.47	0.71	0.74		0.64	0.58	0.68	0.59	0.19	0.58	0.55	0.72	0.61	0.23	0.42	0.68	0.66	0.66
Total Liab	0.89	0.32	0.89	0.84	0.54	0.45	0.96	0.51	0.96	0.84	0.89	0.64		0.74	0.83	0.98	0.75	0.22	0.09	0.89	0.92	0.71	0.78	0.85	0.95	0.73
Intangible Assets	0.79	0.46	0.79	0.74	0.51	0.51	0.69	0.44	0.65	0.7	0.77	0.58	0.74		0.72	0.7	0.5	0.23	0.18	0.66	0.65	0.38	0.54	0.56	0.67	0.57
Common Stock	0.93	0.49	0.92	0.91	0.66	0.52	0.8	0.58	0.8	0.9	0.9	0.68	0.83	0.72		0.82	0.46	0.36	0.21	0.94	0.83	0.6	0.69	0.8	0.82	0.53
Property Plant Equipment	0.86	0.23	0.88	0.82	0.47	0.37	0.98	0.48	0.97	0.83	0.89	0.59	0.98	0.7	0.82		0.72	0.13	-0.01	0.86	0.93	0.78	0.82	0.82	0.94	0.66
Long Term Debt	0.57	-0.01	0.49	0.52	0.27	0.45	0.63	0.57	0.77	0.41	0.5	0.19	0.75	0.5	0.46	0.72		-0.06	-0.03	0.5	0.62	0.43	0.46	0.52	0.69	0.7
Short Term Investments	0.44	0.82	0.32	0.54	0.38	0.63	0.07	0.1	0.05	0.52	0.26	0.58	0.22	0.23	0.36	0.13	-0.06		0.89	0.37	0.19	-0.23	0.0	0.3	0.26	0.54
Good Will	0.32	0.84	0.16	0.44	0.33	0.76	-0.11	0.17	-0.12	0.29	0.11	0.55	0.09	0.18	0.21	-0.01	-0.03	0.89		0.21	0.01	-0.5	-0.27	0.21	0.12	0.61
Treasury Stock	0.91	0.5	0.91	0.88	0.68	0.48	0.86	0.49	0.85	0.89	0.89	0.72	0.89	0.66	0.94	0.86	0.5	0.37	0.21		0.87	0.68	0.7	0.89	0.85	0.58
Net Tangible Assets	0.91	0.28	0.92	0.86	0.49	0.37	0.92	0.49	0.89	0.9	0.95	0.61	0.92	0.65	0.83	0.93	0.62	0.19	0.01	0.87		0.81	0.87	0.85	0.98	0.61
Other Stockholder Equity	0.55	-0.19	0.66	0.47	0.33	-0.16	0.85	0.25	0.82	0.62	0.7	0.23	0.71	0.38	0.6	0.78	0.43	-0.23	-0.5	0.68	0.81		0.85	0.66	0.71	0.11
Deferred Long Term Liab	0.73	0.09	0.85	0.64	0.21	-0.04	0.86	0.21	0.79	0.8	0.86	0.42	0.78	0.54	0.69	0.82	0.46	0.0	-0.27	0.7	0.87	0.85		0.58	0.84	0.36
Long Term Investments	0.84	0.37	0.79	0.82	0.82	0.49	0.8	0.63	0.82	0.77	0.79	0.68	0.85	0.56	0.8	0.82	0.52	0.3	0.21	0.89	0.85	0.66	0.58		0.85	0.59
Total Current Assets	0.93	0.34	0.92	0.88	0.5	0.46	0.91	0.53	0.9	0.89	0.94	0.66	0.95	0.67	0.82	0.94	0.69	0.26	0.12	0.85	0.98	0.71	0.84	0.85		0.74
Non Current Assets Total	0.74	0.62	0.63	0.77	0.36	0.77	0.54	0.45	0.57	0.63	0.61	0.66	0.73	0.57	0.53	0.66	0.7	0.54	0.61	0.58	0.61	0.11	0.36	0.59	0.74

Click cells to compare fundamentals

Guangzhou Hongli Account Relationship Matchups

Guangzhou Hongli fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.6B	3.8B	4.5B	4.9B	5.4B	2.9B
Other Current Liab	132.1M	180.7M	227.7M	194.0M	4.9M	4.6M
Total Current Liabilities	1.6B	1.8B	2.1B	1.7B	2.1B	1.1B
Total Stockholder Equity	1.8B	1.9B	2.2B	2.4B	2.6B	1.6B
Other Liab	165.2M	77.1M	103.4M	127.7M	146.8M	105.1M
Retained Earnings	(66.9M)	25.9M	291.5M	400.0M	592.6M	332.8M
Accounts Payable	1.1B	1.1B	1.3B	1.1B	1.4B	1.5B
Cash	305.7M	221.1M	402.2M	548.5M	777.9M	406.6M
Other Assets	211.8M	174.2M	208.2M	258.4M	297.1M	312.0M
Net Receivables	1.2B	995.5M	976.1M	964.9M	1.1B	643.4M
Inventory	410.9M	480.1M	612.2M	505.6M	577.8M	302.3M
Other Current Assets	59.8M	59.3M	143.6M	46.4M	53.9M	53.5M
Total Liab	1.7B	1.9B	2.3B	2.5B	2.8B	2.9B
Intangible Assets	67.1M	94.5M	145.2M	147.4M	130.1M	77.8M
Property Plant Equipment	1.2B	1.2B	1.3B	1.5B	1.8B	1.8B
Net Tangible Assets	1.9B	1.7B	1.8B	2.0B	2.3B	1.8B
Other Stockholder Equity	(122.8K)	6.4M	5.0M	4.5M	5.2M	5.5M
Deferred Long Term Liab	21.9M	58.1M	52.2M	53.3M	61.3M	34.1M
Total Current Assets	2.0B	2.0B	2.4B	2.4B	3.0B	2.3B
Non Current Assets Total	1.6B	1.8B	2.1B	2.4B	2.4B	2.4B
Non Currrent Assets Other	77.9M	41.9M	45.9M	40.7M	40.1M	46.4M
Non Current Liabilities Total	165.2M	77.1M	252.4M	761.3M	700.4M	433.1M
Short Long Term Debt	139.8M	332.2M	402.0M	240.2M	250.3M	244.4M
Non Current Liabilities Other	106.3M	3.9M	5.9M	14.1M	6.2M	5.9M
Net Invested Capital	2.0B	2.3B	2.7B	3.2B	3.4B	3.1B
Net Working Capital	425.8M	206.5M	359.4M	706.0M	916.7M	590.4M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

C	Citigroup
GM	General Motors
F	Ford Motor

Other Information on Investing in Guangzhou Stock

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Guangzhou Good Will vs Total Current Liabilities Analysis

Good Will vs Total Current Liabilities

Good Will vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Good Will

Total Current Liabilities

Guangzhou Hongli fundamental ratios Correlations

Guangzhou Hongli Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Guangzhou Hongli fundamental ratios Accounts

Also Currently Popular

Other Information on Investing in Guangzhou Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Inventory	+ 0.99	Total Current Liabilities
Total Stockholder Equity	+ 0.98	Total Assets
Property Plant Equipment	+ 0.98	Accounts Payable
Property Plant Equipment	+ 0.98	Total Liab
Total Current Assets	+ 0.98	Net Tangible Assets
Property Plant Equipment	+ 0.97	Other Assets

Other Stockholder Equity	- 0.5	Good Will
Deferred Long Term Liab	- 0.27	Good Will
Other Stockholder Equity	- 0.23	Short Term Investments
Other Stockholder Equity	- 0.19	Other Current Liab
Other Stockholder Equity	- 0.16	Retained Earnings
Good Will	- 0.12	Other Assets