Changshu Retained Earnings vs Net Receivables 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 Retained Earnings and its Net Receivables 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.

Retained Earnings vs Net Receivables

Retained Earnings vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changshu Ruite Electric Retained Earnings account and Net Receivables. At this time, the significance of the direction appears to have very week relationship.

The correlation between Changshu Ruite's Retained Earnings and Net Receivables is 0.28. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Receivables 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 Retained Earnings and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Changshu Ruite Electric are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Retained Earnings i.e., Changshu Ruite's Retained Earnings and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.28

Relationship Direction	Positive
Relationship Strength	Very Weak

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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.

Net Receivables

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 Profit	54.1M	97.2M	67.4M	127.4M
Total Revenue	220.1M	274.4M	196.2M	301.9M

Gross Profit Total Revenue

Changshu Ruite fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Net
Total Assets		0.44	0.9	0.93	-0.67	0.93	0.4	0.63	0.48	0.88	-0.79	-0.27	0.91	-0.65	0.84	0.81	0.89	0.99	0.81	0.83	0.93	0.06	0.87	0.32	0.76	-0.3
Other Current Liab	0.44		0.52	0.3	-0.14	0.29	0.62	0.23	-0.05	0.23	-0.25	-0.51	0.22	-0.03	0.69	0.63	0.53	0.47	0.23	0.27	0.3	0.42	0.69	0.47	0.23	0.24
Total Current Liabilities	0.9	0.52		0.67	-0.47	0.66	0.47	0.81	0.21	0.67	-0.66	-0.46	0.92	-0.44	0.72	0.94	1.0	0.92	0.65	0.68	0.74	0.16	0.83	0.31	0.67	-0.11
Total Stockholder Equity	0.93	0.3	0.67		-0.74	1.0	0.29	0.39	0.64	0.91	-0.76	-0.07	0.77	-0.73	0.81	0.57	0.67	0.9	0.82	0.82	0.94	-0.03	0.78	0.28	0.72	-0.41
Other Liab	-0.67	-0.14	-0.47	-0.74		-0.75	0.34	-0.01	-0.09	-0.88	0.93	-0.48	-0.59	0.97	-0.66	-0.3	-0.46	-0.6	-0.61	-0.96	-0.85	0.24	-0.53	0.26	-0.93	0.81
Net Tangible Assets	0.93	0.29	0.66	1.0	-0.75		0.26	0.38	0.64	0.9	-0.77	-0.05	0.76	-0.74	0.81	0.56	0.66	0.9	0.81	0.83	0.94	-0.04	0.77	0.28	0.73	-0.43
Retained Earnings	0.4	0.62	0.47	0.29	0.34	0.26		0.6	0.49	0.02	0.16	-0.9	0.28	0.38	0.35	0.62	0.47	0.48	0.24	-0.13	0.11	0.54	0.55	0.8	-0.23	0.65
Accounts Payable	0.63	0.23	0.81	0.39	-0.01	0.38	0.6		0.36	0.32	-0.24	-0.65	0.8	0.03	0.26	0.86	0.82	0.68	0.4	0.27	0.41	0.39	0.61	0.46	0.23	0.31
Cash	0.48	-0.05	0.21	0.64	-0.09	0.64	0.49	0.36		0.33	-0.03	-0.21	0.37	-0.07	0.23	0.27	0.21	0.5	0.32	0.17	0.39	0.2	0.38	0.55	0.01	0.12
Non Current Assets Total	0.88	0.23	0.67	0.91	-0.88	0.9	0.02	0.32	0.33		-0.91	0.13	0.8	-0.85	0.73	0.52	0.67	0.82	0.85	0.92	0.97	-0.05	0.7	-0.06	0.84	-0.54
Non Currrent Assets Other	-0.79	-0.25	-0.66	-0.76	0.93	-0.77	0.16	-0.24	-0.03	-0.91		-0.18	-0.73	0.91	-0.75	-0.48	-0.66	-0.73	-0.8	-0.96	-0.91	0.19	-0.67	0.11	-0.94	0.7
Other Assets	-0.27	-0.51	-0.46	-0.07	-0.48	-0.05	-0.9	-0.65	-0.21	0.13	-0.18		-0.24	-0.47	-0.23	-0.56	-0.46	-0.35	-0.24	0.24	0.01	-0.39	-0.41	-0.74	0.28	-0.65
Net Receivables	0.91	0.22	0.92	0.77	-0.59	0.76	0.28	0.8	0.37	0.8	-0.73	-0.24		-0.56	0.59	0.83	0.92	0.91	0.72	0.76	0.84	0.12	0.76	0.17	0.72	-0.24
Non Current Liabilities Total	-0.65	-0.03	-0.44	-0.73	0.97	-0.74	0.38	0.03	-0.07	-0.85	0.91	-0.47	-0.56		-0.65	-0.21	-0.43	-0.58	-0.65	-0.91	-0.82	0.46	-0.41	0.32	-0.93	0.9
Inventory	0.84	0.69	0.72	0.81	-0.66	0.81	0.35	0.26	0.23	0.73	-0.75	-0.23	0.59	-0.65		0.63	0.72	0.83	0.71	0.76	0.81	-0.1	0.81	0.35	0.74	-0.38
Other Current Assets	0.81	0.63	0.94	0.57	-0.3	0.56	0.62	0.86	0.27	0.52	-0.48	-0.56	0.83	-0.21	0.63		0.94	0.85	0.47	0.54	0.61	0.43	0.87	0.49	0.49	0.15
Total Liab	0.89	0.53	1.0	0.67	-0.46	0.66	0.47	0.82	0.21	0.67	-0.66	-0.46	0.92	-0.43	0.72	0.94		0.92	0.65	0.68	0.74	0.16	0.83	0.31	0.67	-0.11
Total Current Assets	0.99	0.47	0.92	0.9	-0.6	0.9	0.48	0.68	0.5	0.82	-0.73	-0.35	0.91	-0.58	0.83	0.85	0.92		0.78	0.78	0.89	0.09	0.88	0.4	0.72	-0.24
Intangible Assets	0.81	0.23	0.65	0.82	-0.61	0.81	0.24	0.4	0.32	0.85	-0.8	-0.24	0.72	-0.65	0.71	0.47	0.65	0.78		0.69	0.86	-0.11	0.66	0.17	0.62	-0.38
Common Stock	0.83	0.27	0.68	0.82	-0.96	0.83	-0.13	0.27	0.17	0.92	-0.96	0.24	0.76	-0.91	0.76	0.54	0.68	0.78	0.69		0.94	-0.11	0.72	-0.06	0.97	-0.67
Property Plant Equipment	0.93	0.3	0.74	0.94	-0.85	0.94	0.11	0.41	0.39	0.97	-0.91	0.01	0.84	-0.82	0.81	0.61	0.74	0.89	0.86	0.94		-0.04	0.8	0.12	0.86	-0.5
Common Stock Shares Outstanding	0.06	0.42	0.16	-0.03	0.24	-0.04	0.54	0.39	0.2	-0.05	0.19	-0.39	0.12	0.46	-0.1	0.43	0.16	0.09	-0.11	-0.11	-0.04		0.42	0.43	-0.3	0.71
Net Invested Capital	0.87	0.69	0.83	0.78	-0.53	0.77	0.55	0.61	0.38	0.7	-0.67	-0.41	0.76	-0.41	0.81	0.87	0.83	0.88	0.66	0.72	0.8	0.42		0.56	0.6	-0.03
Net Working Capital	0.32	0.47	0.31	0.28	0.26	0.28	0.8	0.46	0.55	-0.06	0.11	-0.74	0.17	0.32	0.35	0.49	0.31	0.4	0.17	-0.06	0.12	0.43	0.56		-0.17	0.49
Capital Stock	0.76	0.23	0.67	0.72	-0.93	0.73	-0.23	0.23	0.01	0.84	-0.94	0.28	0.72	-0.93	0.74	0.49	0.67	0.72	0.62	0.97	0.86	-0.3	0.6	-0.17		-0.75
Property Plant And Equipment Net	-0.3	0.24	-0.11	-0.41	0.81	-0.43	0.65	0.31	0.12	-0.54	0.7	-0.65	-0.24	0.9	-0.38	0.15	-0.11	-0.24	-0.38	-0.67	-0.5	0.71	-0.03	0.49	-0.75

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Changshu Ruite Account Relationship Matchups

Changshu Ruite fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	1.8B	1.3B	1.2B	1.2B	1.5B
Other Current Liab	83.8M	279.1M	87.7M	66.6M	7.0M	6.7M
Total Current Liabilities	914.4M	648.8M	407.6M	345.6M	215.2M	424.5M
Total Stockholder Equity	1.1B	1.2B	866.2M	865.1M	946.9M	1.0B
Other Liab	1.6M	1.3M	1.0M	768.0K	691.2K	1.3M
Net Tangible Assets	1.1B	1.1B	815.5M	816.1M	938.5M	971.8M
Retained Earnings	485.1M	536.6M	253.8M	253.3M	158.4M	286.6M
Accounts Payable	389.0M	158.5M	132.6M	101.2M	71.7M	124.1M
Cash	281.2M	204.5M	107.7M	146.3M	201.0M	177.8M
Non Current Assets Total	448.2M	432.7M	478.0M	428.4M	396.6M	439.2M
Non Currrent Assets Other	5.0M	1.5M	188.3K	126.3K	113.6K	107.9K
Other Assets	26.4M	28.2M	90.7M	101.2M	116.4M	69.0M
Net Receivables	947.5M	414.0M	465.3M	376.8M	310.0M	440.2M
Non Current Liabilities Total	1.6M	1.3M	1.0M	768.0K	499.8K	474.8K
Inventory	208.6M	288.5M	190.5M	184.7M	202.7M	217.4M
Other Current Assets	155.5M	105.1M	38.0M	25.2M	509.5K	484.1K
Total Liab	915.9M	650.1M	408.6M	346.4M	215.7M	426.1M
Total Current Assets	1.6B	1.4B	801.4M	788.1M	768.7M	1.0B
Intangible Assets	51.3M	51.4M	49.7M	48.1M	46.7M	53.4M
Common Stock	168.7M	303.6M	296.8M	294.2M	338.4M	240.8M
Property Plant Equipment	367.1M	351.0M	335.3M	277.4M	319.0M	314.9M
Net Invested Capital	1.3B	1.4B	1.0B	1.0B	1.0B	886.4M
Net Working Capital	678.5M	735.8M	393.8M	442.5M	553.5M	462.8M

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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.

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Changshu Retained Earnings vs Net Receivables Analysis

Retained Earnings vs Net Receivables

Retained Earnings vs Net Receivables Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Receivables

Changshu Ruite fundamental ratios Correlations

Changshu Ruite Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Changshu Ruite fundamental ratios Accounts

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Other Information on Investing in Changshu Stock

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Total Liab	+ 1.0	Total Current Liabilities
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.97	Other Liab
Property Plant Equipment	+ 0.97	Non Current Assets Total
Capital Stock	+ 0.97	Common Stock

Common Stock	- 0.96	Non Currrent Assets Other
Common Stock	- 0.96	Other Liab
Capital Stock	- 0.94	Non Currrent Assets Other
Capital Stock	- 0.93	Non Current Liabilities Total
Capital Stock	- 0.93	Other Liab
Common Stock	- 0.91	Non Current Liabilities Total