Changshu Non Current Liabilities Total vs Property Plant And Equipment Net 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 Non Current Liabilities Total and its Property Plant And Equipment Net 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.

Non Current Liabilities Total vs Property Plant And Equipment Net

Non Current Liabilities Total vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changshu Ruite Electric Non Current Liabilities Total account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Changshu Ruite's Non Current Liabilities Total and Property Plant And Equipment Net is 0.9. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Property Plant And Equipment Net 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 Non Current Liabilities Total and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Changshu Ruite Electric are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Non Current Liabilities Total i.e., Changshu Ruite's Non Current Liabilities Total and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Non Current Liabilities Total

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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
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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

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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.