Changshu Other Assets vs Total Stockholder Equity 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 Other Assets and its Total Stockholder Equity 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.

Other Assets vs Total Stockholder Equity

Other Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changshu Ruite Electric Other Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Changshu Ruite's Other Assets and Total Stockholder Equity is -0.07. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Total Stockholder Equity 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 Other Assets and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Changshu Ruite Electric are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Assets i.e., Changshu Ruite's Other Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.07
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Assets

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.
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.