Shandong Cash vs Inventory Analysis

300243 Stock

10.27 0.09 0.88%

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

Cash vs Inventory

Cash vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Ruifeng Chemical Cash account and Inventory. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Shandong Ruifeng's Cash and Inventory is 0.91. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Inventory in the same time period over historical financial statements of Shandong Ruifeng Chemical, assuming nothing else is changed. The correlation between historical values of Shandong Ruifeng's Cash and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Shandong Ruifeng Chemical are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash i.e., Shandong Ruifeng's Cash and Inventory go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

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Cash

Cash refers to the most liquid asset of Shandong Ruifeng Chemical, which is listed under current asset account on Shandong Ruifeng Chemical balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shandong Ruifeng customers. The amounts must be unrestricted with restricted cash listed in a different Shandong Ruifeng account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Inventory

Most indicators from Shandong Ruifeng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Ruifeng Chemical 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 Shandong Ruifeng Chemical. 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.

As of February 27, 2025, Selling General Administrative is expected to decline to about 111.7 M. In addition to that, Tax Provision is expected to decline to about 5.1 M

	2022	2023	2024	2025 (projected)
Operating Income	73.2M	110.0M	126.5M	80.9M
Total Revenue	1.8B	1.8B	2.0B	1.1B

Operating Income Total Revenue

Shandong Ruifeng 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	Long Term Debt	Other Liab	Treasury Stock	Net Tangible Assets	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Net Debt
Total Assets		-0.8	0.69	0.98	0.95	0.96	0.9	0.55	0.25	0.94	-0.09	0.98	0.75	0.64	0.97	0.72	0.21	0.58	0.82	0.69	0.75	0.54	0.84	0.68	0.92	0.78
Other Current Liab	-0.8		-0.64	-0.75	-0.67	-0.69	-0.79	-0.51	-0.03	-0.78	-0.18	-0.83	-0.52	-0.46	-0.79	-0.38	-0.05	-0.33	-0.59	-0.42	-0.62	-0.22	-0.74	-0.52	-0.75	-0.76
Total Current Liabilities	0.69	-0.64		0.61	0.62	0.57	0.49	0.91	0.54	0.55	-0.31	0.75	0.79	0.76	0.61	0.38	0.34	0.64	0.57	0.5	0.56	0.31	0.59	0.46	0.45	0.56
Total Stockholder Equity	0.98	-0.75	0.61		0.97	0.97	0.9	0.46	0.24	0.93	-0.03	0.93	0.73	0.66	0.96	0.8	0.25	0.59	0.84	0.75	0.71	0.62	0.82	0.7	0.9	0.73
Retained Earnings	0.95	-0.67	0.62	0.97		0.98	0.81	0.52	0.26	0.86	-0.11	0.9	0.81	0.73	0.95	0.86	0.25	0.7	0.89	0.82	0.66	0.7	0.81	0.79	0.86	0.71
Accounts Payable	0.96	-0.69	0.57	0.97	0.98		0.84	0.47	0.18	0.9	-0.07	0.91	0.71	0.62	0.97	0.79	0.17	0.59	0.9	0.73	0.73	0.6	0.85	0.77	0.91	0.76
Cash	0.9	-0.79	0.49	0.9	0.81	0.84		0.35	0.01	0.91	0.18	0.87	0.49	0.4	0.86	0.53	0.01	0.28	0.72	0.49	0.79	0.32	0.79	0.59	0.89	0.73
Other Assets	0.55	-0.51	0.91	0.46	0.52	0.47	0.35		0.5	0.32	-0.3	0.63	0.67	0.66	0.51	0.26	0.2	0.63	0.48	0.33	0.41	0.18	0.44	0.5	0.34	0.38
Net Receivables	0.25	-0.03	0.54	0.24	0.26	0.18	0.01	0.5		0.05	-0.35	0.25	0.49	0.61	0.15	0.31	0.64	0.62	0.08	0.23	-0.09	0.37	-0.04	-0.13	-0.02	-0.1
Inventory	0.94	-0.78	0.55	0.93	0.86	0.9	0.91	0.32	0.05		-0.01	0.91	0.58	0.46	0.9	0.62	0.15	0.34	0.75	0.63	0.78	0.43	0.83	0.59	0.9	0.81
Other Current Assets	-0.09	-0.18	-0.31	-0.03	-0.11	-0.07	0.18	-0.3	-0.35	-0.01		-0.15	-0.4	-0.2	-0.06	-0.18	-0.01	-0.34	-0.07	-0.21	-0.05	-0.2	-0.08	0.12	-0.02	-0.07
Total Liab	0.98	-0.83	0.75	0.93	0.9	0.91	0.87	0.63	0.25	0.91	-0.15		0.74	0.6	0.95	0.62	0.16	0.54	0.77	0.6	0.76	0.43	0.83	0.62	0.91	0.81
Intangible Assets	0.75	-0.52	0.79	0.73	0.81	0.71	0.49	0.67	0.49	0.58	-0.4	0.74		0.92	0.74	0.77	0.37	0.84	0.75	0.8	0.49	0.73	0.68	0.58	0.59	0.61
Common Stock	0.64	-0.46	0.76	0.66	0.73	0.62	0.4	0.66	0.61	0.46	-0.2	0.6	0.92		0.63	0.71	0.59	0.82	0.64	0.72	0.33	0.7	0.51	0.54	0.41	0.4
Property Plant Equipment	0.97	-0.79	0.61	0.96	0.95	0.97	0.86	0.51	0.15	0.9	-0.06	0.95	0.74	0.63		0.73	0.17	0.57	0.86	0.68	0.73	0.55	0.87	0.73	0.95	0.82
Long Term Debt	0.72	-0.38	0.38	0.8	0.86	0.79	0.53	0.26	0.31	0.62	-0.18	0.62	0.77	0.71	0.73		0.37	0.81	0.73	0.94	0.34	0.95	0.58	0.63	0.62	0.46
Other Liab	0.21	-0.05	0.34	0.25	0.25	0.17	0.01	0.2	0.64	0.15	-0.01	0.16	0.37	0.59	0.17	0.37		0.42	0.03	0.34	-0.15	0.46	-0.08	-0.04	-0.04	-0.11
Treasury Stock	0.58	-0.33	0.64	0.59	0.7	0.59	0.28	0.63	0.62	0.34	-0.34	0.54	0.84	0.82	0.57	0.81	0.42		0.58	0.79	0.16	0.83	0.4	0.52	0.38	0.3
Net Tangible Assets	0.82	-0.59	0.57	0.84	0.89	0.9	0.72	0.48	0.08	0.75	-0.07	0.77	0.75	0.64	0.86	0.73	0.03	0.58		0.74	0.82	0.57	0.93	0.83	0.83	0.82
Short Long Term Debt	0.69	-0.42	0.5	0.75	0.82	0.73	0.49	0.33	0.23	0.63	-0.21	0.6	0.8	0.72	0.68	0.94	0.34	0.79	0.74		0.41	0.91	0.63	0.67	0.55	0.53
Total Current Assets	0.75	-0.62	0.56	0.71	0.66	0.73	0.79	0.41	-0.09	0.78	-0.05	0.76	0.49	0.33	0.73	0.34	-0.15	0.16	0.82	0.41		0.13	0.92	0.58	0.8	0.87
Short Term Debt	0.54	-0.22	0.31	0.62	0.7	0.6	0.32	0.18	0.37	0.43	-0.2	0.43	0.73	0.7	0.55	0.95	0.46	0.83	0.57	0.91	0.13		0.4	0.48	0.42	0.3
Non Current Assets Total	0.84	-0.74	0.59	0.82	0.81	0.85	0.79	0.44	-0.04	0.83	-0.08	0.83	0.68	0.51	0.87	0.58	-0.08	0.4	0.93	0.63	0.92	0.4		0.7	0.9	0.96
Non Currrent Assets Other	0.68	-0.52	0.46	0.7	0.79	0.77	0.59	0.5	-0.13	0.59	0.12	0.62	0.58	0.54	0.73	0.63	-0.04	0.52	0.83	0.67	0.58	0.48	0.7		0.63	0.58
Non Current Liabilities Total	0.92	-0.75	0.45	0.9	0.86	0.91	0.89	0.34	-0.02	0.9	-0.02	0.91	0.59	0.41	0.95	0.62	-0.04	0.38	0.83	0.55	0.8	0.42	0.9	0.63		0.87
Net Debt	0.78	-0.76	0.56	0.73	0.71	0.76	0.73	0.38	-0.1	0.81	-0.07	0.81	0.61	0.4	0.82	0.46	-0.11	0.3	0.82	0.53	0.87	0.3	0.96	0.58	0.87

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Shandong Ruifeng Account Relationship Matchups

Shandong Ruifeng fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.3B	1.7B	1.9B	2.2B	2.5B	2.6B
Other Current Liab	31.6M	21.3M	1.5M	1.0M	905.1K	859.9K
Total Current Liabilities	545.2M	400.2M	622.8M	599.7M	689.6M	423.0M
Total Stockholder Equity	745.8M	894.0M	935.5M	1.1B	1.3B	1.4B
Retained Earnings	454.1M	519.1M	552.4M	568.4M	653.6M	686.3M
Accounts Payable	95.3M	133.3M	137.8M	140.9M	162.0M	170.1M
Cash	158.8M	233.3M	186.1M	305.8M	351.7M	369.3M
Other Assets	48.4M	102.5M	90.1M	82.5M	94.9M	49.7M
Net Receivables	188.4M	251.2M	292.8M	288.9M	332.3M	298.4M
Inventory	128.3M	118.6M	203.1M	217.2M	249.7M	262.2M
Other Current Assets	43.2M	58.1M	32.6M	23.4M	26.9M	37.5M
Total Liab	554.6M	794.3M	1.0B	1.0B	1.2B	1.2B
Intangible Assets	73.5M	75.7M	99.4M	96.6M	111.1M	64.0M
Property Plant Equipment	223.8M	285.8M	350.8M	647.0M	744.1M	781.3M
Other Liab	10.4M	9.4M	8.3M	8.7M	10.0M	10.4M
Net Tangible Assets	534.4M	609.7M	657.6M	818.3M	941.1M	607.3M
Short Long Term Debt	362.0M	175M	312.6M	320.5M	368.6M	262.6M
Total Current Assets	774.9M	874.8M	947.5M	1.1B	1.3B	835.6M
Non Current Assets Total	542.2M	813.5M	994.0M	1.1B	1.2B	667.8M
Non Currrent Assets Other	85.4M	73.0M	61.5M	47.0M	54.1M	47.7M
Non Current Liabilities Total	9.4M	394.1M	383.2M	433.2M	498.1M	523.1M
Net Debt	203.2M	327.4M	501.1M	440.2M	506.2M	302.4M
Net Invested Capital	1.1B	1.5B	1.6B	1.9B	2.2B	1.3B
Net Working Capital	229.7M	474.6M	324.7M	505.8M	581.7M	359.0M
Property Plant And Equipment Net	350.8M	647.0M	811.5M	900.5M	1.0B	659.0M
Property Plant And Equipment Gross	590.4M	914.6M	811.5M	1.2B	1.4B	893.3M

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Other Information on Investing in Shandong Stock

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

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Shandong Cash vs Inventory Analysis

Cash vs Inventory

Cash vs Inventory Correlation Analysis

Correlation Coefficient

Cash

Inventory

Shandong Ruifeng fundamental ratios Correlations

Shandong Ruifeng Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shandong Ruifeng fundamental ratios Accounts

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Other Information on Investing in Shandong Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Accounts Payable	+ 0.98	Retained Earnings
Property Plant Equipment	+ 0.97	Total Assets
Retained Earnings	+ 0.97	Total Stockholder Equity
Accounts Payable	+ 0.97	Total Stockholder Equity

Total Liab	- 0.83	Other Current Liab
Other Current Liab	- 0.8	Total Assets
Property Plant Equipment	- 0.79	Other Current Liab
Cash	- 0.79	Other Current Liab
Inventory	- 0.78	Other Current Liab
Net Debt	- 0.76	Other Current Liab