Hangzhou Inventory vs Retained Earnings Analysis

300478 Stock   10.60  0.04  0.38%   
Hangzhou Gaoxin financial indicator trend analysis is much more than just examining Hangzhou Gaoxin Rubber latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hangzhou Gaoxin Rubber is a good investment. Please check the relationship between Hangzhou Gaoxin Inventory and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hangzhou Gaoxin Rubber. 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.

Inventory vs Retained Earnings

Inventory vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hangzhou Gaoxin Rubber Inventory account and Retained Earnings. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Hangzhou Gaoxin's Inventory and Retained Earnings is 0.53. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Hangzhou Gaoxin Rubber, assuming nothing else is changed. The correlation between historical values of Hangzhou Gaoxin's Inventory 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 Inventory of Hangzhou Gaoxin Rubber 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 Inventory i.e., Hangzhou Gaoxin's Inventory and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.53
Relationship DirectionPositive 
Relationship StrengthWeak

Inventory

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 Hangzhou Gaoxin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hangzhou Gaoxin Rubber 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 Hangzhou Gaoxin Rubber. 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 November 27, 2024, Selling General Administrative is expected to decline to about 11.5 M. The current year's Tax Provision is expected to grow to -318.68
 2021 2022 2023 2024 (projected)
Gross Profit35.6M27.6M23.2M22.0M
Research Development22.0M19.6M23.9M25.5M

Hangzhou Gaoxin fundamental ratios Correlations

0.70.490.710.770.79-0.10.250.430.760.660.90.690.660.950.950.90.670.850.890.590.650.160.780.78-0.12
0.7-0.120.980.270.83-0.010.69-0.060.290.510.60.220.510.650.710.870.380.830.660.980.140.640.420.86-0.28
0.49-0.12-0.140.540.0-0.28-0.220.560.780.10.60.580.10.450.40.20.270.310.3-0.290.62-0.530.60.0-0.01
0.710.98-0.140.240.870.180.7-0.120.30.470.640.260.470.640.70.860.420.860.630.950.170.680.420.88-0.36
0.770.270.540.240.42-0.25-0.390.810.680.840.530.790.840.860.830.630.580.350.880.190.71-0.220.730.360.41
0.790.830.00.870.420.20.55-0.110.350.460.760.350.460.690.750.770.770.840.660.790.420.690.50.98-0.46
-0.1-0.01-0.280.18-0.250.20.11-0.45-0.13-0.190.050.02-0.19-0.17-0.12-0.10.190.13-0.2-0.01-0.040.41-0.130.12-0.43
0.250.69-0.220.7-0.390.550.11-0.64-0.03-0.260.42-0.24-0.260.080.130.350.10.65-0.020.69-0.120.70.010.62-0.76
0.43-0.060.56-0.120.81-0.11-0.45-0.640.640.680.180.680.680.60.530.350.010.010.63-0.130.47-0.690.58-0.160.76
0.760.290.780.30.680.35-0.13-0.030.640.40.790.840.40.770.750.580.290.640.620.130.67-0.320.840.310.04
0.660.510.10.470.840.46-0.19-0.260.680.40.30.561.00.780.790.760.40.320.920.490.330.010.540.420.53
0.90.60.60.640.530.760.050.420.180.790.30.610.30.770.80.720.650.920.620.460.640.210.710.75-0.46
0.690.220.580.260.790.350.02-0.240.680.840.560.610.560.790.730.50.410.460.680.110.8-0.260.790.250.19
0.660.510.10.470.840.46-0.19-0.260.680.41.00.30.560.780.790.760.40.320.920.490.330.010.540.420.53
0.950.650.450.640.860.69-0.170.080.60.770.780.770.790.780.960.880.570.730.950.560.70.060.810.650.12
0.950.710.40.70.830.75-0.120.130.530.750.790.80.730.790.960.910.60.780.940.620.60.140.770.720.06
0.90.870.20.860.630.77-0.10.350.350.580.760.720.50.760.880.910.470.820.90.810.330.30.660.8-0.02
0.670.380.270.420.580.770.190.10.010.290.40.650.410.40.570.60.470.50.550.320.60.460.430.73-0.37
0.850.830.310.860.350.840.130.650.010.640.320.920.460.320.730.780.820.50.610.720.410.430.60.85-0.5
0.890.660.30.630.880.66-0.2-0.020.630.620.920.620.680.920.950.940.90.550.610.60.540.070.720.630.27
0.590.98-0.290.950.190.79-0.010.69-0.130.130.490.460.110.490.560.620.810.320.720.60.040.70.30.82-0.24
0.650.140.620.170.710.42-0.04-0.120.470.670.330.640.80.330.70.60.330.60.410.540.04-0.130.740.32-0.04
0.160.64-0.530.68-0.220.690.410.7-0.69-0.320.010.21-0.260.010.060.140.30.460.430.070.7-0.13-0.120.71-0.63
0.780.420.60.420.730.5-0.130.010.580.840.540.710.790.540.810.770.660.430.60.720.30.74-0.120.450.06
0.780.860.00.880.360.980.120.62-0.160.310.420.750.250.420.650.720.80.730.850.630.820.320.710.45-0.49
-0.12-0.28-0.01-0.360.41-0.46-0.43-0.760.760.040.53-0.460.190.530.120.06-0.02-0.37-0.50.27-0.24-0.04-0.630.06-0.49
Click cells to compare fundamentals

Hangzhou Gaoxin Account Relationship Matchups

Hangzhou Gaoxin fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets813.6M402.9M411.4M333.9M341.2M615.5M
Short Long Term Debt Total348.6M200.3M140.2M155.2M225.4M189.3M
Other Current Liab703.2K142.4K15.1K310.1K5.7M5.6M
Total Current Liabilities406.5M244.8M267.2M265.2M249.0M257.6M
Total Stockholder Equity256.1M66.7M83.1M68.6M92.3M87.7M
Property Plant And Equipment Net230.1M189.5M165.4M140.6M135.5M152.1M
Current Deferred Revenue12.5M13.1M95.4M90.3M47.7K45.3K
Net Debt235.9M199.3M116.9M138.4M221.0M232.0M
Retained Earnings(93.8M)(283.2M)(268.4M)(290.0M)(266.4M)(253.0M)
Accounts Payable44.8M31.3M31.6M19.5M17.8M16.9M
Cash112.7M995.6K23.2M16.8M4.4M4.2M
Non Current Assets Total354.7M222.7M197.8M167.8M159.5M241.8M
Non Currrent Assets Other2.3M2.1M2.1M2.5M225.9K214.6K
Cash And Short Term Investments112.7M995.6K23.2M16.8M4.4M4.2M
Net Receivables258.2M150.0M169.8M124.7M156.0M165.3M
Liabilities And Stockholders Equity813.6M402.9M411.4M333.9M341.2M615.5M
Inventory82.2M29.0M19.7M24.1M20.0M19.0M
Other Current Assets5.8M98.7K924.5K465.7K1.4M2.6M
Total Liab527.9M338.6M328.3M265.2M249.0M320.5M
Total Current Assets458.9M180.1M213.6M166.1M181.8M271.8M
Short Term Debt348.6M200.3M140.2M155.2M225.4M180.6M
Intangible Assets31.9M31.1M30.3M24.6M24.0M27.4M
Other Assets11.1M7.7M1.02.1M0.90.86
Property Plant Equipment230.1M189.5M165.4M140.6M161.7M188.6M
Net Tangible Assets224.1M35.6M52.7M44.0M39.6M37.6M
Short Long Term Debt348.6M200.3M140.2M155.2M215.2M224.5M
Net Invested Capital604.6M267.0M223.3M223.8M307.5M384.8M
Net Working Capital52.4M(64.7M)(53.6M)(99.1M)(67.2M)(63.8M)

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.

Other Information on Investing in Hangzhou Stock

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