Changshu Total Stockholder Equity vs Cash Analysis

300342 Stock   19.86  0.39  2.00%   
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 Total Stockholder Equity and its Cash 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.

Total Stockholder Equity vs Cash

Total Stockholder Equity vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changshu Tianyin Ele Total Stockholder Equity account and Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Changshu Tianyin's Total Stockholder Equity and Cash is 0.3. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash 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 Total Stockholder Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Changshu Tianyin Electromechan are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Stockholder Equity i.e., Changshu Tianyin's Total Stockholder Equity and Cash go up and down completely randomly.

Correlation Coefficient

0.3
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Cash

Cash refers to the most liquid asset of Changshu Tianyin Ele, which is listed under current asset account on Changshu Tianyin Electromechan balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Changshu Tianyin customers. The amounts must be unrestricted with restricted cash listed in a different Changshu Tianyin 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.
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 Income134.5M28.8M77.8M128.5M
Total Revenue1.0B839.2M1.0B696.9M

Changshu Tianyin fundamental ratios Correlations

0.840.920.980.990.90.190.420.910.890.450.930.820.970.970.640.920.86-0.580.480.880.930.850.60.35-0.2
0.840.890.780.880.83-0.060.270.680.860.60.890.680.80.830.460.770.69-0.440.530.850.830.890.660.4-0.13
0.920.890.840.930.96-0.060.470.810.950.471.00.660.890.950.490.930.79-0.670.430.910.960.90.660.34-0.17
0.980.780.840.960.830.30.370.90.820.410.850.840.960.930.680.870.85-0.520.480.820.860.780.540.34-0.21
0.990.880.930.960.920.060.390.90.920.460.930.840.960.970.620.910.84-0.550.560.880.920.870.590.34-0.22
0.90.830.960.830.92-0.120.480.810.980.290.960.630.840.930.410.930.74-0.60.480.830.950.870.470.13-0.17
0.19-0.06-0.060.30.06-0.12-0.10.12-0.130.12-0.060.150.150.050.2-0.040.150.02-0.220.0-0.02-0.10.080.19-0.07
0.420.270.470.370.390.48-0.10.280.49-0.060.470.120.40.470.20.640.47-0.760.040.480.60.570.450.20.43
0.910.680.810.90.90.810.120.280.780.30.810.810.90.880.640.830.81-0.610.420.80.840.740.470.33-0.32
0.890.860.950.820.920.98-0.130.490.780.310.960.60.820.920.330.90.68-0.630.450.810.920.880.530.13-0.06
0.450.60.470.410.460.290.12-0.060.30.310.470.450.490.470.420.310.44-0.130.530.520.360.460.80.83-0.42
0.930.891.00.850.930.96-0.060.470.810.960.470.660.890.950.490.930.8-0.670.430.910.960.90.660.34-0.17
0.820.680.660.840.840.630.150.120.810.60.450.660.860.740.760.660.77-0.30.480.650.670.620.440.39-0.32
0.970.80.890.960.960.840.150.40.90.820.490.890.860.950.750.910.9-0.550.50.90.90.80.610.44-0.25
0.970.830.950.930.970.930.050.470.880.920.470.950.740.950.580.940.83-0.60.550.920.940.870.620.37-0.25
0.640.460.490.680.620.410.20.20.640.330.420.490.760.750.580.610.88-0.260.360.610.580.480.420.52-0.27
0.920.770.930.870.910.93-0.040.640.830.90.310.930.660.910.940.610.89-0.690.470.910.980.90.560.32-0.14
0.860.690.790.850.840.740.150.470.810.680.440.80.770.90.830.880.89-0.570.430.830.880.790.590.52-0.24
-0.58-0.44-0.67-0.52-0.55-0.60.02-0.76-0.61-0.63-0.13-0.67-0.3-0.55-0.6-0.26-0.69-0.570.05-0.62-0.72-0.65-0.67-0.37-0.27
0.480.530.430.480.560.48-0.220.040.420.450.530.430.480.50.550.360.470.430.050.50.420.560.30.37-0.56
0.880.850.910.820.880.830.00.480.80.810.520.910.650.90.920.610.910.83-0.620.50.910.90.690.52-0.24
0.930.830.960.860.920.95-0.020.60.840.920.360.960.670.90.940.580.980.88-0.720.420.910.940.610.34-0.13
0.850.890.90.780.870.87-0.10.570.740.880.460.90.620.80.870.480.90.79-0.650.560.90.940.670.46-0.16
0.60.660.660.540.590.470.080.450.470.530.80.660.440.610.620.420.560.59-0.670.30.690.610.670.830.01
0.350.40.340.340.340.130.190.20.330.130.830.340.390.440.370.520.320.52-0.370.370.520.340.460.83-0.31
-0.2-0.13-0.17-0.21-0.22-0.17-0.070.43-0.32-0.06-0.42-0.17-0.32-0.25-0.25-0.27-0.14-0.24-0.27-0.56-0.24-0.13-0.160.01-0.31
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Changshu Tianyin Account Relationship Matchups

Changshu Tianyin fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B2.1B2.3B2.2B2.2B1.5B
Other Current Liab80.2M128.4M113.3M138.9M43.6M59.6M
Total Current Liabilities408.6M554.6M700.4M640.5M612.8M360.3M
Total Stockholder Equity1.4B1.5B1.5B1.5B1.5B1.1B
Retained Earnings651.9M715.9M754.8M721.8M638.7M441.7M
Accounts Payable246.8M347.5M409.0M351.8M357.7M210.1M
Cash136.3M205.5M198.0M159.2M253.9M250.7M
Other Assets40.2M29.1M27.5M71.3M82.0M86.1M
Net Receivables571.6M415.4M711.2M430.6M544.8M398.1M
Inventory287.9M412.8M539.8M537.1M413.5M222.0M
Other Current Assets60.5M41.6M14.0M24.6M796.1K756.3K
Total Liab422.6M568.0M714.4M659.8M628.0M373.0M
Intangible Assets93.2M96.4M92.7M69.6M61.0M61.5M
Common Stock431.9M431.8M431.8M425.0M488.8M290.5M
Property Plant Equipment362.6M385.8M398.7M381.4M438.6M254.0M
Other Liab14.2M14.0M13.3M11.4M13.1M13.3M
Net Tangible Assets1.1B1.2B1.2B1.2B1.4B1.1B
Other Stockholder Equity2.8M3.3M6.2M1.6M1.4M1.3M
Deferred Long Term Liab16.3M13.3M3.1M1.9M2.2M2.1M
Total Current Assets1.1B1.3B1.5B1.4B1.4B1.3B
Non Current Assets Total752.5M799.6M801.1M791.2M730.2M809.1M
Non Currrent Assets Other10.4M720.4K5.3M12.1M5.8M7.9M
Short Term Investments34.9M73.3M51.9M20.5M23.6M43.9M
Non Current Liabilities Total14.0M13.3M14.0M19.3M15.2M16.7M
Short Long Term Debt50.5M47.6M136.0M106.3M50.3M74.0M
Common Stock Shares Outstanding431.9M431.8M431.8M425.0M382.5M343.2M
Net Invested Capital1.5B1.5B1.7B1.6B1.6B1.7B
Net Working Capital699.5M730.5M762.6M729.0M819.6M792.3M

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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.