Huali Non Current Assets Total vs Selling General Administrative Analysis

300979 Stock   73.81  1.67  2.21%   
Huali Industrial financial indicator trend analysis is much more than just examining Huali Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Huali Industrial is a good investment. Please check the relationship between Huali Industrial Non Current Assets Total and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Huali Industrial Group. 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 Current Assets Total vs Selling General Administrative

Non Current Assets Total vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Huali Industrial Non Current Assets Total account and Selling General Administrative. At this time, the significance of the direction appears to have pay attention.
The correlation between Huali Industrial's Non Current Assets Total and Selling General Administrative is -0.76. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Huali Industrial Group, assuming nothing else is changed. The correlation between historical values of Huali Industrial's Non Current Assets Total and Selling General Administrative 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 Assets Total of Huali Industrial Group are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Non Current Assets Total i.e., Huali Industrial's Non Current Assets Total and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

-0.76
Relationship DirectionNegative 
Relationship StrengthWeak

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Selling General Administrative

Most indicators from Huali Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Huali Industrial 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 Huali Industrial Group. 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 Selling General Administrative is expected to grow to about 399.3 M, whereas Tax Provision is forecasted to decline to about 749.9 M.
 2021 2022 2023 2024 (projected)
Interest Expense37.3M67.8M71.1M136.7M
Interest Income58.3M75.6M119.5M125.4M

Huali Industrial fundamental ratios Correlations

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-0.740.65-0.790.65-0.84-0.27-0.76-0.77-0.76-0.59-0.84-0.68-0.84-0.510.061.0-0.780.78-0.71-0.71-0.79-0.77-0.79-0.7-0.78
0.99-0.56-0.79-0.560.990.690.940.970.950.890.910.980.940.860.35-0.761.0-0.750.990.941.00.960.960.910.95
-0.591.00.65-0.56-0.58-0.6-0.5-0.62-0.45-0.62-0.74-0.51-0.49-0.7-0.380.66-0.570.57-0.57-0.73-0.54-0.6-0.7-0.62-0.71
0.97-0.58-0.840.99-0.580.620.920.970.920.870.950.950.940.80.31-0.810.98-0.790.960.940.980.970.960.860.96
0.76-0.6-0.270.69-0.60.620.710.660.580.70.640.770.60.950.55-0.240.72-0.250.790.80.70.630.680.810.67
0.94-0.5-0.760.94-0.50.920.710.840.860.70.870.940.990.820.09-0.720.96-0.520.960.850.960.820.840.950.81
0.97-0.62-0.770.97-0.620.970.660.840.940.960.90.950.850.840.5-0.750.96-0.860.940.960.951.00.990.840.99
0.94-0.45-0.760.95-0.450.920.580.860.940.870.770.950.880.780.34-0.730.94-0.80.930.840.950.920.920.870.9
0.9-0.62-0.590.89-0.620.870.70.70.960.870.80.890.680.850.73-0.570.87-0.840.870.930.850.960.960.740.96
0.9-0.74-0.840.91-0.740.950.640.870.90.770.80.850.890.780.28-0.820.91-0.710.880.950.910.910.910.80.92
0.99-0.51-0.680.98-0.510.950.770.940.950.950.890.850.910.90.4-0.640.99-0.670.990.920.980.930.930.930.92
0.92-0.49-0.840.94-0.490.940.60.990.850.880.680.890.910.740.02-0.810.95-0.590.930.830.960.840.840.910.82
0.91-0.7-0.510.86-0.70.80.950.820.840.780.850.780.90.740.56-0.480.87-0.510.920.920.850.810.860.910.85
0.4-0.380.060.35-0.380.310.550.090.50.340.730.280.40.020.560.070.33-0.470.360.540.290.510.510.220.54
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1.0-0.57-0.781.0-0.570.980.720.960.960.940.870.910.990.950.870.33-0.74-0.710.990.941.00.950.950.930.94
-0.720.570.78-0.750.57-0.79-0.25-0.52-0.86-0.8-0.84-0.71-0.67-0.59-0.51-0.470.78-0.71-0.65-0.73-0.71-0.87-0.86-0.52-0.87
1.0-0.57-0.710.99-0.570.960.790.960.940.930.870.880.990.930.920.36-0.680.99-0.650.940.990.920.930.950.92
0.96-0.73-0.710.94-0.730.940.80.850.960.840.930.950.920.830.920.54-0.680.94-0.730.940.930.960.970.850.97
0.99-0.54-0.791.0-0.540.980.70.960.950.950.850.910.980.960.850.29-0.751.0-0.710.990.930.940.940.920.93
0.95-0.6-0.770.96-0.60.970.630.821.00.920.960.910.930.840.810.51-0.740.95-0.870.920.960.940.990.790.99
0.96-0.7-0.790.96-0.70.960.680.840.990.920.960.910.930.840.860.51-0.770.95-0.860.930.970.940.990.851.0
0.93-0.62-0.70.91-0.620.860.810.950.840.870.740.80.930.910.910.22-0.670.93-0.520.950.850.920.790.850.82
0.95-0.71-0.780.95-0.710.960.670.810.990.90.960.920.920.820.850.54-0.760.94-0.870.920.970.930.991.00.82
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Huali Industrial Account Relationship Matchups

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Other Information on Investing in Huali Stock

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