Shenzhen Non Currrent Assets Other vs Property Plant Equipment Analysis

300942 Stock   10.55  1.76  20.02%   
Shenzhen Bioeasy financial indicator trend analysis is much more than just breaking down Shenzhen Bioeasy Bio prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Bioeasy Bio is a good investment. Please check the relationship between Shenzhen Bioeasy Non Currrent Assets Other and its Property Plant Equipment accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Bioeasy Biotechnology. 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 Property Plant Equipment

Non Currrent Assets Other vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Bioeasy Bio Non Currrent Assets Other account and Property Plant Equipment. At this time, the significance of the direction appears to have weak relationship.
The correlation between Shenzhen Bioeasy's Non Currrent Assets Other and Property Plant Equipment is 0.34. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Shenzhen Bioeasy Biotechnology, assuming nothing else is changed. The correlation between historical values of Shenzhen Bioeasy's Non Currrent Assets Other and Property Plant Equipment 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 Shenzhen Bioeasy Biotechnology are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Non Currrent Assets Other i.e., Shenzhen Bioeasy's Non Currrent Assets Other and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.34
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

Property Plant Equipment

Most indicators from Shenzhen Bioeasy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Bioeasy Bio 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 Shenzhen Bioeasy Biotechnology. 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.
The current year's Tax Provision is expected to grow to about 14 M, whereas Selling General Administrative is forecasted to decline to about 76.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense5.3M4.1M10.6M11.2M
Tax Provision31.6M12.2M7.2M14.0M

Shenzhen Bioeasy fundamental ratios Correlations

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0.990.940.980.850.860.850.940.960.730.790.480.750.96-0.830.870.960.87-0.850.90.860.480.58-0.810.890.81
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0.460.60.540.770.140.330.480.530.390.290.770.460.00.53-0.320.50.410.34-0.40.380.26-0.25-0.430.320.08
0.660.550.570.330.60.810.580.510.580.790.290.150.960.55-0.50.540.530.82-0.670.760.77-0.25-0.730.80.91
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0.850.760.770.540.680.90.810.680.730.890.480.280.950.74-0.590.720.710.92-0.780.940.90.080.91-0.880.96
Click cells to compare fundamentals

Shenzhen Bioeasy Account Relationship Matchups

Shenzhen Bioeasy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets619.7M652.9M1.2B1.3B1.4B869.7M
Total Current Liabilities68.1M78.1M156.6M199.8M136.9M111.1M
Total Stockholder Equity528.4M549.1M944.8M964.9M849.0M655.8M
Retained Earnings163.4M183.8M402.3M331.9M138.4M209.0M
Cash420.8M374.2M339.2M247.5M481.7M337.2M
Other Assets11.7M10.0M28.9M41.6M47.9M50.3M
Cash And Short Term Investments183.1M440.8M374.2M679.4M781.4M390.9M
Net Receivables74.2M62.3M97.2M83.9M76.1M73.0M
Liabilities And Stockholders Equity296.8M619.7M652.9M1.2B1.3B1.4B
Inventory31.3M61.6M93.9M100.6M31.5M55.9M
Other Current Assets5.3M4.9M3.0M213.3M12.0M11.4M
Total Liab91.3M103.8M207.8M317.8M507.6M533.0M
Total Current Assets569.7M526.1M897.6M674.4M737.7M600.8M
Intangible Assets1.4M44.1M42.6M42.4M41.4M27.2M
Property Plant Equipment15.7M29.4M44.9M143.4M165.0M173.2M

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Other Information on Investing in Shenzhen Stock

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