Sungrow Intangible Assets vs Deferred Long Term Liab Analysis

300274 Stock   97.86  5.37  5.81%   
Sungrow Power financial indicator trend analysis is much more than just breaking down Sungrow Power Supply prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sungrow Power Supply is a good investment. Please check the relationship between Sungrow Power Intangible Assets and its Deferred Long Term Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sungrow Power Supply. 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.

Intangible Assets vs Deferred Long Term Liab

Intangible Assets vs Deferred Long Term Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sungrow Power Supply Intangible Assets account and Deferred Long Term Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sungrow Power's Intangible Assets and Deferred Long Term Liab is 0.93. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Sungrow Power Supply, assuming nothing else is changed. The correlation between historical values of Sungrow Power's Intangible Assets and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Sungrow Power Supply are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Intangible Assets i.e., Sungrow Power's Intangible Assets and Deferred Long Term Liab go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Sungrow Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sungrow Power Supply 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 Sungrow Power Supply. 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 2.4 B. The current year's Tax Provision is expected to grow to about 2.4 B
 2022 2023 2024 2025 (projected)
Operating Income4.5B13.4B15.1B15.9B
Total Revenue40.3B72.3B77.9B81.7B

Sungrow Power fundamental ratios Correlations

0.451.01.00.970.990.990.990.970.990.990.961.00.980.520.950.970.96-0.880.950.61.00.990.970.840.98
0.450.480.440.550.340.560.460.590.410.490.440.460.260.620.660.610.65-0.720.480.680.440.360.380.120.36
1.00.481.00.980.990.990.990.980.990.990.961.00.970.530.960.970.96-0.90.950.621.00.990.960.820.97
1.00.441.00.960.990.990.990.970.990.980.961.00.970.550.950.960.96-0.880.930.611.00.990.960.840.97
0.970.550.980.960.950.980.970.990.950.990.910.980.930.480.940.980.95-0.910.990.590.970.960.950.740.94
0.990.340.990.990.950.970.980.940.980.980.960.990.990.450.910.940.92-0.830.930.550.991.00.970.880.99
0.990.560.990.990.980.970.990.990.970.990.950.990.940.580.980.990.98-0.930.940.660.990.970.940.780.95
0.990.460.990.990.970.980.990.970.980.980.930.990.950.530.950.970.96-0.910.950.640.990.980.930.770.95
0.970.590.980.970.990.940.990.970.950.990.920.980.920.540.960.990.97-0.930.970.640.970.950.940.730.94
0.990.410.990.990.950.980.970.980.950.970.960.990.970.560.940.960.94-0.840.930.610.980.980.950.820.97
0.990.490.990.980.990.980.990.980.990.970.950.990.960.470.940.960.95-0.890.970.570.990.980.980.830.97
0.960.440.960.960.910.960.950.930.920.960.950.960.940.530.920.920.93-0.820.870.620.960.960.950.880.96
1.00.461.01.00.980.990.990.990.980.990.990.960.970.510.950.970.96-0.880.950.61.00.990.970.840.98
0.980.260.970.970.930.990.940.950.920.970.960.940.970.390.860.90.87-0.770.930.470.980.990.970.890.99
0.520.620.530.550.480.450.580.530.540.560.470.530.510.390.690.620.66-0.60.40.740.480.430.350.180.4
0.950.660.960.950.940.910.980.950.960.940.940.920.950.860.690.981.0-0.960.880.750.940.910.860.680.88
0.970.610.970.960.980.940.990.970.990.960.960.920.970.90.620.980.98-0.930.950.710.960.940.910.70.93
0.960.650.960.960.950.920.980.960.970.940.950.930.960.870.661.00.98-0.960.890.730.950.920.880.710.89
-0.88-0.72-0.9-0.88-0.91-0.83-0.93-0.91-0.93-0.84-0.89-0.82-0.88-0.77-0.6-0.96-0.93-0.96-0.84-0.76-0.88-0.83-0.79-0.58-0.79
0.950.480.950.930.990.930.940.950.970.930.970.870.950.930.40.880.950.89-0.840.510.950.940.950.730.94
0.60.680.620.610.590.550.660.640.640.610.570.620.60.470.740.750.710.73-0.760.510.590.550.460.290.51
1.00.441.01.00.970.990.990.990.970.980.990.961.00.980.480.940.960.95-0.880.950.590.990.970.850.98
0.990.360.990.990.961.00.970.980.950.980.980.960.990.990.430.910.940.92-0.830.940.550.990.980.880.99
0.970.380.960.960.950.970.940.930.940.950.980.950.970.970.350.860.910.88-0.790.950.460.970.980.90.99
0.840.120.820.840.740.880.780.770.730.820.830.880.840.890.180.680.70.71-0.580.730.290.850.880.90.9
0.980.360.970.970.940.990.950.950.940.970.970.960.980.990.40.880.930.89-0.790.940.510.980.990.990.9
Click cells to compare fundamentals

Sungrow Power Account Relationship Matchups

Sungrow Power fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets28.0B42.8B61.6B82.9B115.1B120.8B
Other Current Liab2.2B3.4B6.3B1.4B2.0B1.4B
Total Current Liabilities15.0B23.5B35.5B45.9B60.3B63.3B
Total Stockholder Equity10.5B15.7B18.7B27.7B36.9B38.8B
Other Liab218.1M270.2M397.7M1.2B1.4B1.5B
Retained Earnings5.9B7.2B10.7B18.7B28.3B29.8B
Accounts Payable12.1B17.8B25.9B28.5B36.8B38.6B
Cash7.4B7.8B11.7B18.0B19.8B20.8B
Other Assets457.4M615.5M1.2B2.5B2.8B3.0B
Net Receivables6.6B8.7B13.8B21.1B27.6B29.0B
Inventory3.9B10.8B19.1B21.4B29.0B30.5B
Other Current Assets561.2M1.2B1.3B1.2B2.7B2.9B
Total Liab17.1B26.1B41.9B53.4B74.9B78.6B
Intangible Assets129.0M174.4M340.4M732.4M1.1B1.2B
Common Stock1.5B1.5B1.5B1.5B1.7B919.7M
Property Plant Equipment3.0B3.5B5.0B6.3B7.2B7.6B
Long Term Debt1.8B1.9B4.2B4.2B4.9B5.1B
Net Tangible Assets8.5B10.3B15.5B18.3B21.1B22.1B
Other Stockholder Equity(7.7M)(14.4M)(24.2M)(30.5M)(27.5M)(26.1M)
Deferred Long Term Liab19.1M33.8M23.7M98.8M113.6M119.3M
Total Current Assets23.3B36.3B52.0B69.3B95.1B99.9B
Non Current Assets Total4.7B6.5B9.6B13.6B19.9B20.9B
Non Currrent Assets Other11.4M313.3M992.2M917.8M2.0B2.1B
Short Term Investments673.0M3.8B1.5B2.1B10.2B10.7B
Non Current Liabilities Total2.1B2.6B6.4B7.5B14.6B15.3B
Short Long Term Debt135.1M1.5B1.4B2.8B4.2B4.4B
Non Current Liabilities Other119.6M242.1M1.1B2.6B5.2B5.5B
Common Stock Shares Outstanding1.5B1.5B1.5B2.1B2.1B1.8B
Net Invested Capital12.4B19.1B24.3B34.7B46.0B48.3B
Net Working Capital8.2B12.8B16.5B23.3B34.9B36.6B
Capital Stock1.5B1.5B1.5B1.5B2.1B1.7B
Property Plant And Equipment Net3.5B5.0B6.3B8.5B11.6B6.9B
Property Plant And Equipment Gross4.3B6.2B6.3B10.5B11.6B7.8B

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Other Information on Investing in Sungrow Stock

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