Changshu Intangible Assets vs Retained Earnings Analysis

300342 Stock

19.13 0.28 1.44%

Changshu Tianyin financial indicator trend analysis is way more than just evaluating Changshu Tianyin Ele prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changshu Tianyin Ele is a good investment. Please check the relationship between Changshu Tianyin Intangible Assets and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Changshu Tianyin Electromechan. 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 Retained Earnings

Intangible Assets vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changshu Tianyin Ele Intangible Assets account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Changshu Tianyin's Intangible Assets and Retained Earnings is 0.84. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Changshu Tianyin Electromechan, assuming nothing else is changed. The correlation between historical values of Changshu Tianyin's Intangible Assets and Retained Earnings 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 Changshu Tianyin Electromechan are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Intangible Assets i.e., Changshu Tianyin's Intangible Assets and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

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Intangible Assets

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

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Changshu Tianyin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changshu Tianyin Ele 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 Changshu Tianyin Electromechan. 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 13.3 M, whereas Selling General Administrative is forecasted to decline to about 40.9 M.

	2021	2022	2023	2024 (projected)
Operating Income	134.5M	28.8M	77.8M	128.5M
Total Revenue	1.0B	839.2M	1.0B	696.9M

Operating Income Total Revenue

Changshu Tianyin 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	Net Tangible Assets	Good Will	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Short Term Investments	Non Current Liabilities Total
Total Assets		0.84	0.92	0.98	0.99	0.9	0.19	0.42	0.91	0.89	0.45	0.93	0.82	0.97	0.97	0.64	0.92	0.86	-0.58	0.48	0.88	0.93	0.85	0.6	0.35	-0.2
Other Current Liab	0.84		0.89	0.78	0.88	0.83	-0.06	0.27	0.68	0.86	0.6	0.89	0.68	0.8	0.83	0.46	0.77	0.69	-0.44	0.53	0.85	0.83	0.89	0.66	0.4	-0.13
Total Current Liabilities	0.92	0.89		0.84	0.93	0.96	-0.06	0.47	0.81	0.95	0.47	1.0	0.66	0.89	0.95	0.49	0.93	0.79	-0.67	0.43	0.91	0.96	0.9	0.66	0.34	-0.17
Total Stockholder Equity	0.98	0.78	0.84		0.96	0.83	0.3	0.37	0.9	0.82	0.41	0.85	0.84	0.96	0.93	0.68	0.87	0.85	-0.52	0.48	0.82	0.86	0.78	0.54	0.34	-0.21
Retained Earnings	0.99	0.88	0.93	0.96		0.92	0.06	0.39	0.9	0.92	0.46	0.93	0.84	0.96	0.97	0.62	0.91	0.84	-0.55	0.56	0.88	0.92	0.87	0.59	0.34	-0.22
Accounts Payable	0.9	0.83	0.96	0.83	0.92		-0.12	0.48	0.81	0.98	0.29	0.96	0.63	0.84	0.93	0.41	0.93	0.74	-0.6	0.48	0.83	0.95	0.87	0.47	0.13	-0.17
Cash	0.19	-0.06	-0.06	0.3	0.06	-0.12		-0.1	0.12	-0.13	0.12	-0.06	0.15	0.15	0.05	0.2	-0.04	0.15	0.02	-0.22	0.0	-0.02	-0.1	0.08	0.19	-0.07
Other Assets	0.42	0.27	0.47	0.37	0.39	0.48	-0.1		0.28	0.49	-0.06	0.47	0.12	0.4	0.47	0.2	0.64	0.47	-0.76	0.04	0.48	0.6	0.57	0.45	0.2	0.43
Net Receivables	0.91	0.68	0.81	0.9	0.9	0.81	0.12	0.28		0.78	0.3	0.81	0.81	0.9	0.88	0.64	0.83	0.81	-0.61	0.42	0.8	0.84	0.74	0.47	0.33	-0.32
Inventory	0.89	0.86	0.95	0.82	0.92	0.98	-0.13	0.49	0.78		0.31	0.96	0.6	0.82	0.92	0.33	0.9	0.68	-0.63	0.45	0.81	0.92	0.88	0.53	0.13	-0.06
Other Current Assets	0.45	0.6	0.47	0.41	0.46	0.29	0.12	-0.06	0.3	0.31		0.47	0.45	0.49	0.47	0.42	0.31	0.44	-0.13	0.53	0.52	0.36	0.46	0.8	0.83	-0.42
Total Liab	0.93	0.89	1.0	0.85	0.93	0.96	-0.06	0.47	0.81	0.96	0.47		0.66	0.89	0.95	0.49	0.93	0.8	-0.67	0.43	0.91	0.96	0.9	0.66	0.34	-0.17
Intangible Assets	0.82	0.68	0.66	0.84	0.84	0.63	0.15	0.12	0.81	0.6	0.45	0.66		0.86	0.74	0.76	0.66	0.77	-0.3	0.48	0.65	0.67	0.62	0.44	0.39	-0.32
Common Stock	0.97	0.8	0.89	0.96	0.96	0.84	0.15	0.4	0.9	0.82	0.49	0.89	0.86		0.95	0.75	0.91	0.9	-0.55	0.5	0.9	0.9	0.8	0.61	0.44	-0.25
Property Plant Equipment	0.97	0.83	0.95	0.93	0.97	0.93	0.05	0.47	0.88	0.92	0.47	0.95	0.74	0.95		0.58	0.94	0.83	-0.6	0.55	0.92	0.94	0.87	0.62	0.37	-0.25
Other Liab	0.64	0.46	0.49	0.68	0.62	0.41	0.2	0.2	0.64	0.33	0.42	0.49	0.76	0.75	0.58		0.61	0.88	-0.26	0.36	0.61	0.58	0.48	0.42	0.52	-0.27
Net Tangible Assets	0.92	0.77	0.93	0.87	0.91	0.93	-0.04	0.64	0.83	0.9	0.31	0.93	0.66	0.91	0.94	0.61		0.89	-0.69	0.47	0.91	0.98	0.9	0.56	0.32	-0.14
Good Will	0.86	0.69	0.79	0.85	0.84	0.74	0.15	0.47	0.81	0.68	0.44	0.8	0.77	0.9	0.83	0.88	0.89		-0.57	0.43	0.83	0.88	0.79	0.59	0.52	-0.24
Other Stockholder Equity	-0.58	-0.44	-0.67	-0.52	-0.55	-0.6	0.02	-0.76	-0.61	-0.63	-0.13	-0.67	-0.3	-0.55	-0.6	-0.26	-0.69	-0.57		0.05	-0.62	-0.72	-0.65	-0.67	-0.37	-0.27
Deferred Long Term Liab	0.48	0.53	0.43	0.48	0.56	0.48	-0.22	0.04	0.42	0.45	0.53	0.43	0.48	0.5	0.55	0.36	0.47	0.43	0.05		0.5	0.42	0.56	0.3	0.37	-0.56
Long Term Investments	0.88	0.85	0.91	0.82	0.88	0.83	0.0	0.48	0.8	0.81	0.52	0.91	0.65	0.9	0.92	0.61	0.91	0.83	-0.62	0.5		0.91	0.9	0.69	0.52	-0.24
Total Current Assets	0.93	0.83	0.96	0.86	0.92	0.95	-0.02	0.6	0.84	0.92	0.36	0.96	0.67	0.9	0.94	0.58	0.98	0.88	-0.72	0.42	0.91		0.94	0.61	0.34	-0.13
Non Current Assets Total	0.85	0.89	0.9	0.78	0.87	0.87	-0.1	0.57	0.74	0.88	0.46	0.9	0.62	0.8	0.87	0.48	0.9	0.79	-0.65	0.56	0.9	0.94		0.67	0.46	-0.16
Non Currrent Assets Other	0.6	0.66	0.66	0.54	0.59	0.47	0.08	0.45	0.47	0.53	0.8	0.66	0.44	0.61	0.62	0.42	0.56	0.59	-0.67	0.3	0.69	0.61	0.67		0.83	0.01
Short Term Investments	0.35	0.4	0.34	0.34	0.34	0.13	0.19	0.2	0.33	0.13	0.83	0.34	0.39	0.44	0.37	0.52	0.32	0.52	-0.37	0.37	0.52	0.34	0.46	0.83		-0.31
Non Current Liabilities Total	-0.2	-0.13	-0.17	-0.21	-0.22	-0.17	-0.07	0.43	-0.32	-0.06	-0.42	-0.17	-0.32	-0.25	-0.25	-0.27	-0.14	-0.24	-0.27	-0.56	-0.24	-0.13	-0.16	0.01	-0.31

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Changshu Tianyin Account Relationship Matchups

Changshu Tianyin fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	2.1B	2.3B	2.2B	2.2B	1.5B
Other Current Liab	80.2M	128.4M	113.3M	138.9M	43.6M	59.6M
Total Current Liabilities	408.6M	554.6M	700.4M	640.5M	612.8M	360.3M
Total Stockholder Equity	1.4B	1.5B	1.5B	1.5B	1.5B	1.1B
Retained Earnings	651.9M	715.9M	754.8M	721.8M	638.7M	441.7M
Accounts Payable	246.8M	347.5M	409.0M	351.8M	357.7M	210.1M
Cash	136.3M	205.5M	198.0M	159.2M	253.9M	250.7M
Other Assets	40.2M	29.1M	27.5M	71.3M	82.0M	86.1M
Net Receivables	571.6M	415.4M	711.2M	430.6M	544.8M	398.1M
Inventory	287.9M	412.8M	539.8M	537.1M	413.5M	222.0M
Other Current Assets	60.5M	41.6M	14.0M	24.6M	796.1K	756.3K
Total Liab	422.6M	568.0M	714.4M	659.8M	628.0M	373.0M
Intangible Assets	93.2M	96.4M	92.7M	69.6M	61.0M	61.5M
Common Stock	431.9M	431.8M	431.8M	425.0M	488.8M	290.5M
Property Plant Equipment	362.6M	385.8M	398.7M	381.4M	438.6M	254.0M
Other Liab	14.2M	14.0M	13.3M	11.4M	13.1M	13.3M
Net Tangible Assets	1.1B	1.2B	1.2B	1.2B	1.4B	1.1B
Other Stockholder Equity	2.8M	3.3M	6.2M	1.6M	1.4M	1.3M
Deferred Long Term Liab	16.3M	13.3M	3.1M	1.9M	2.2M	2.1M
Total Current Assets	1.1B	1.3B	1.5B	1.4B	1.4B	1.3B
Non Current Assets Total	752.5M	799.6M	801.1M	791.2M	730.2M	809.1M
Non Currrent Assets Other	10.4M	720.4K	5.3M	12.1M	5.8M	7.9M
Short Term Investments	34.9M	73.3M	51.9M	20.5M	23.6M	43.9M
Non Current Liabilities Total	14.0M	13.3M	14.0M	19.3M	15.2M	16.7M
Short Long Term Debt	50.5M	47.6M	136.0M	106.3M	50.3M	74.0M
Common Stock Shares Outstanding	431.9M	431.8M	431.8M	425.0M	382.5M	343.2M
Net Invested Capital	1.5B	1.5B	1.7B	1.6B	1.6B	1.7B
Net Working Capital	699.5M	730.5M	762.6M	729.0M	819.6M	792.3M

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Other Information on Investing in Changshu Stock

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

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Changshu Intangible Assets vs Retained Earnings Analysis

Intangible Assets vs Retained Earnings

Intangible Assets vs Retained Earnings Correlation Analysis

Correlation Coefficient

Intangible Assets

Retained Earnings

Changshu Tianyin fundamental ratios Correlations

Changshu Tianyin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Changshu Tianyin fundamental ratios Accounts

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Other Information on Investing in Changshu Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Retained Earnings	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.98	Total Assets
Inventory	+ 0.98	Accounts Payable
Total Current Assets	+ 0.98	Net Tangible Assets
Common Stock	+ 0.97	Total Assets

Other Stockholder Equity	- 0.76	Other Assets
Total Current Assets	- 0.72	Other Stockholder Equity
Other Stockholder Equity	- 0.69	Net Tangible Assets
Non Currrent Assets Other	- 0.67	Other Stockholder Equity
Other Stockholder Equity	- 0.67	Total Liab
Other Stockholder Equity	- 0.67	Total Current Liabilities