Penyao Non Currrent Assets Other vs Other Assets Analysis

300664 Stock   5.61  0.28  4.75%   
Penyao Environmental financial indicator trend analysis is much more than just breaking down Penyao Environmental prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Penyao Environmental is a good investment. Please check the relationship between Penyao Environmental Non Currrent Assets Other and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Penyao Environmental Protection. 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.

Non Currrent Assets Other vs Other Assets

Non Currrent Assets Other vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Penyao Environmental Non Currrent Assets Other account and Other Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Penyao Environmental's Non Currrent Assets Other and Other Assets is -0.86. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Other Assets in the same time period over historical financial statements of Penyao Environmental Protection, assuming nothing else is changed. The correlation between historical values of Penyao Environmental's Non Currrent Assets Other and Other Assets 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 Currrent Assets Other of Penyao Environmental Protection are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Non Currrent Assets Other i.e., Penyao Environmental's Non Currrent Assets Other and Other Assets go up and down completely randomly.

Correlation Coefficient

-0.86
Relationship DirectionNegative 
Relationship StrengthSignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Other Assets

Most indicators from Penyao Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Penyao Environmental 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 Penyao Environmental Protection. 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, Tax Provision is expected to decline to about 93.1 M. In addition to that, Selling General Administrative is expected to decline to about 71.3 M
 2021 2022 2023 2024 (projected)
Gross Profit701.8M648.4M731.3M656.0M
Total Revenue2.1B1.9B2.1B1.7B

Penyao Environmental fundamental ratios Correlations

0.470.991.00.970.980.980.990.690.99-0.930.880.880.90.940.50.791.00.980.90.990.970.810.810.940.9
0.470.490.450.350.430.420.50.690.44-0.520.320.320.420.360.460.460.470.460.40.490.310.55-0.050.320.12
0.990.490.990.960.970.970.990.670.98-0.930.880.820.90.890.470.780.990.980.930.980.960.860.790.950.89
1.00.450.990.980.980.980.990.680.99-0.920.880.890.910.940.490.771.00.980.90.990.980.80.820.940.91
0.970.350.960.980.960.990.970.530.98-0.850.90.840.870.910.410.670.970.970.890.950.990.770.830.980.9
0.980.430.970.980.960.950.980.650.96-0.950.930.850.860.910.550.780.970.950.830.980.950.830.740.920.89
0.980.420.970.980.990.950.980.590.99-0.860.890.860.890.930.410.680.980.980.910.950.990.750.840.970.9
0.990.50.990.990.970.980.980.650.98-0.930.910.820.90.90.550.730.990.970.880.980.960.840.770.940.87
0.690.690.670.680.530.650.590.650.65-0.740.480.690.470.690.380.760.690.570.610.710.560.550.370.490.59
0.990.440.980.990.980.960.990.980.65-0.890.890.860.880.930.420.720.990.980.910.970.980.760.840.960.92
-0.93-0.52-0.93-0.92-0.85-0.95-0.86-0.93-0.74-0.89-0.86-0.78-0.86-0.83-0.64-0.88-0.92-0.89-0.78-0.96-0.84-0.85-0.65-0.79-0.82
0.880.320.880.880.90.930.890.910.480.89-0.860.710.780.790.50.610.870.870.70.860.880.680.70.870.85
0.880.320.820.890.840.850.860.820.690.86-0.780.710.780.990.420.720.880.810.720.880.880.520.780.770.84
0.90.420.90.910.870.860.890.90.470.88-0.860.780.780.840.580.720.90.930.80.910.870.770.760.820.74
0.940.360.890.940.910.910.930.90.690.93-0.830.790.990.840.440.730.940.890.80.930.940.610.820.850.88
0.50.460.470.490.410.550.410.550.380.42-0.640.50.420.580.440.340.480.410.190.550.390.510.210.250.33
0.790.460.780.770.670.780.680.730.760.72-0.880.610.720.720.730.340.780.760.730.830.680.750.520.650.67
1.00.470.991.00.970.970.980.990.690.99-0.920.870.880.90.940.480.780.980.920.990.980.810.820.940.91
0.980.460.980.980.970.950.980.970.570.98-0.890.870.810.930.890.410.760.980.920.960.970.830.80.970.85
0.90.40.930.90.890.830.910.880.610.91-0.780.70.720.80.80.190.730.920.920.880.90.810.820.920.84
0.990.490.980.990.950.980.950.980.710.97-0.960.860.880.910.930.550.830.990.960.880.950.840.770.90.88
0.970.310.960.980.990.950.990.960.560.98-0.840.880.880.870.940.390.680.980.970.90.950.740.880.970.93
0.810.550.860.80.770.830.750.840.550.76-0.850.680.520.770.610.510.750.810.830.810.840.740.490.760.62
0.81-0.050.790.820.830.740.840.770.370.84-0.650.70.780.760.820.210.520.820.80.820.770.880.490.830.92
0.940.320.950.940.980.920.970.940.490.96-0.790.870.770.820.850.250.650.940.970.920.90.970.760.830.88
0.90.120.890.910.90.890.90.870.590.92-0.820.850.840.740.880.330.670.910.850.840.880.930.620.920.88
Click cells to compare fundamentals

Penyao Environmental Account Relationship Matchups

Penyao Environmental fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.2B6.7B7.1B8.1B7.9B6.8B
Other Current Liab336.4M365.4M312.3M358.1M69.2M65.7M
Total Current Liabilities1.7B2.0B2.1B2.4B2.4B1.9B
Total Stockholder Equity3.3B3.5B3.8B4.3B4.3B3.6B
Other Liab252.9M287.8M298.0M327.4M376.5M274.2M
Net Tangible Assets3.2B3.4B3.1B3.4B4.0B3.2B
Retained Earnings1.6B1.9B2.2B2.4B2.4B1.9B
Accounts Payable841.7M917.6M951.8M1.0B1.1B814.4M
Cash632.2M693.1M447.2M904.7M376.9M627.0M
Non Current Assets Total3.8B4.3B4.4B4.9B4.7B4.3B
Non Currrent Assets Other7.9M3.1M385.2M274.3M69.0M65.6M
Other Assets3.2B3.5B3.2B3.1B3.5B3.4B
Long Term Debt702.3M613.6M717.9M922.9M831.3M787.4M
Net Receivables1.0B705.6M1.7B1.0B1.3B1.0B
Non Current Liabilities Total955.1M901.4M1.0B1.3B1.2B1.1B
Inventory601.3M110.8M227.3M81.7M144.8M191.3M
Other Current Assets181.2M288.0M273.6M333.4M280.4M275.5M
Total Liab2.7B2.9B3.1B3.7B3.5B3.0B
Deferred Long Term Liab4.0M6.4M8.5M8.0M9.2M5.1M
Short Long Term Debt309M546.7M676.7M877.5M735.7M546.2M
Total Current Assets2.5B2.4B2.6B3.2B3.2B2.5B
Non Current Liabilities Other154.6M169.0M184.0M207.8M225.6M181.5M
Intangible Assets72.0M75.5M646.2M822.1M1.0B1.1B
Property Plant Equipment366.1M527.1M426.0M838.8M964.6M1.0B
Net Debt379.1M467.2M947.4M895.7M1.2B746.9M
Net Invested Capital4.3B4.7B5.2B6.1B5.8B5.2B
Net Working Capital769.2M384.4M523.8M795.9M815.6M663.3M

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Other Information on Investing in Penyao Stock

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