Changshu Inventory vs Common Stock Analysis

300600 Stock   7.78  0.13  1.64%   
Changshu Ruite financial indicator trend analysis is way more than just evaluating Changshu Ruite Electric prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changshu Ruite Electric is a good investment. Please check the relationship between Changshu Ruite Inventory and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Changshu Ruite Electric. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Inventory vs Common Stock

Inventory vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changshu Ruite Electric Inventory account and Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Changshu Ruite's Inventory and Common Stock is 0.76. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Common Stock in the same time period over historical financial statements of Changshu Ruite Electric, assuming nothing else is changed. The correlation between historical values of Changshu Ruite's Inventory and Common Stock 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 Changshu Ruite Electric are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Inventory i.e., Changshu Ruite's Inventory and Common Stock go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

Inventory

Common Stock

Most indicators from Changshu Ruite's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changshu Ruite Electric 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 Ruite Electric. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
The current year's Selling General Administrative is expected to grow to about 22.5 M, whereas Tax Provision is projected to grow to (4.6 M).
 2021 2022 2023 2024 (projected)
Gross Profit54.1M97.2M67.4M127.4M
Total Revenue220.1M274.4M196.2M301.9M

Changshu Ruite fundamental ratios Correlations

0.440.90.93-0.670.930.40.630.480.88-0.79-0.270.91-0.650.840.810.890.990.810.830.930.060.870.320.76-0.3
0.440.520.3-0.140.290.620.23-0.050.23-0.25-0.510.22-0.030.690.630.530.470.230.270.30.420.690.470.230.24
0.90.520.67-0.470.660.470.810.210.67-0.66-0.460.92-0.440.720.941.00.920.650.680.740.160.830.310.67-0.11
0.930.30.67-0.741.00.290.390.640.91-0.76-0.070.77-0.730.810.570.670.90.820.820.94-0.030.780.280.72-0.41
-0.67-0.14-0.47-0.74-0.750.34-0.01-0.09-0.880.93-0.48-0.590.97-0.66-0.3-0.46-0.6-0.61-0.96-0.850.24-0.530.26-0.930.81
0.930.290.661.0-0.750.260.380.640.9-0.77-0.050.76-0.740.810.560.660.90.810.830.94-0.040.770.280.73-0.43
0.40.620.470.290.340.260.60.490.020.16-0.90.280.380.350.620.470.480.24-0.130.110.540.550.8-0.230.65
0.630.230.810.39-0.010.380.60.360.32-0.24-0.650.80.030.260.860.820.680.40.270.410.390.610.460.230.31
0.48-0.050.210.64-0.090.640.490.360.33-0.03-0.210.37-0.070.230.270.210.50.320.170.390.20.380.550.010.12
0.880.230.670.91-0.880.90.020.320.33-0.910.130.8-0.850.730.520.670.820.850.920.97-0.050.7-0.060.84-0.54
-0.79-0.25-0.66-0.760.93-0.770.16-0.24-0.03-0.91-0.18-0.730.91-0.75-0.48-0.66-0.73-0.8-0.96-0.910.19-0.670.11-0.940.7
-0.27-0.51-0.46-0.07-0.48-0.05-0.9-0.65-0.210.13-0.18-0.24-0.47-0.23-0.56-0.46-0.35-0.240.240.01-0.39-0.41-0.740.28-0.65
0.910.220.920.77-0.590.760.280.80.370.8-0.73-0.24-0.560.590.830.920.910.720.760.840.120.760.170.72-0.24
-0.65-0.03-0.44-0.730.97-0.740.380.03-0.07-0.850.91-0.47-0.56-0.65-0.21-0.43-0.58-0.65-0.91-0.820.46-0.410.32-0.930.9
0.840.690.720.81-0.660.810.350.260.230.73-0.75-0.230.59-0.650.630.720.830.710.760.81-0.10.810.350.74-0.38
0.810.630.940.57-0.30.560.620.860.270.52-0.48-0.560.83-0.210.630.940.850.470.540.610.430.870.490.490.15
0.890.531.00.67-0.460.660.470.820.210.67-0.66-0.460.92-0.430.720.940.920.650.680.740.160.830.310.67-0.11
0.990.470.920.9-0.60.90.480.680.50.82-0.73-0.350.91-0.580.830.850.920.780.780.890.090.880.40.72-0.24
0.810.230.650.82-0.610.810.240.40.320.85-0.8-0.240.72-0.650.710.470.650.780.690.86-0.110.660.170.62-0.38
0.830.270.680.82-0.960.83-0.130.270.170.92-0.960.240.76-0.910.760.540.680.780.690.94-0.110.72-0.060.97-0.67
0.930.30.740.94-0.850.940.110.410.390.97-0.910.010.84-0.820.810.610.740.890.860.94-0.040.80.120.86-0.5
0.060.420.16-0.030.24-0.040.540.390.2-0.050.19-0.390.120.46-0.10.430.160.09-0.11-0.11-0.040.420.43-0.30.71
0.870.690.830.78-0.530.770.550.610.380.7-0.67-0.410.76-0.410.810.870.830.880.660.720.80.420.560.6-0.03
0.320.470.310.280.260.280.80.460.55-0.060.11-0.740.170.320.350.490.310.40.17-0.060.120.430.56-0.170.49
0.760.230.670.72-0.930.73-0.230.230.010.84-0.940.280.72-0.930.740.490.670.720.620.970.86-0.30.6-0.17-0.75
-0.30.24-0.11-0.410.81-0.430.650.310.12-0.540.7-0.65-0.240.9-0.380.15-0.11-0.24-0.38-0.67-0.50.71-0.030.49-0.75
Click cells to compare fundamentals

Changshu Ruite Account Relationship Matchups

Changshu Ruite fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B1.8B1.3B1.2B1.2B1.5B
Other Current Liab83.8M279.1M87.7M66.6M7.0M6.7M
Total Current Liabilities914.4M648.8M407.6M345.6M215.2M424.5M
Total Stockholder Equity1.1B1.2B866.2M865.1M946.9M1.0B
Other Liab1.6M1.3M1.0M768.0K691.2K1.3M
Net Tangible Assets1.1B1.1B815.5M816.1M938.5M971.8M
Retained Earnings485.1M536.6M253.8M253.3M158.4M286.6M
Accounts Payable389.0M158.5M132.6M101.2M71.7M124.1M
Cash281.2M204.5M107.7M146.3M201.0M177.8M
Non Current Assets Total448.2M432.7M478.0M428.4M396.6M439.2M
Non Currrent Assets Other5.0M1.5M188.3K126.3K113.6K107.9K
Other Assets26.4M28.2M90.7M101.2M116.4M69.0M
Net Receivables947.5M414.0M465.3M376.8M310.0M440.2M
Non Current Liabilities Total1.6M1.3M1.0M768.0K499.8K474.8K
Inventory208.6M288.5M190.5M184.7M202.7M217.4M
Other Current Assets155.5M105.1M38.0M25.2M509.5K484.1K
Total Liab915.9M650.1M408.6M346.4M215.7M426.1M
Total Current Assets1.6B1.4B801.4M788.1M768.7M1.0B
Intangible Assets51.3M51.4M49.7M48.1M46.7M53.4M
Common Stock168.7M303.6M296.8M294.2M338.4M240.8M
Property Plant Equipment367.1M351.0M335.3M277.4M319.0M314.9M
Net Invested Capital1.3B1.4B1.0B1.0B1.0B886.4M
Net Working Capital678.5M735.8M393.8M442.5M553.5M462.8M

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 Changshu Stock

Balance Sheet is a snapshot of the financial position of Changshu Ruite Electric at a specified time, usually calculated after every quarter, six months, or one year. Changshu Ruite Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Changshu Ruite 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.