Huali Total Current Assets vs Total Revenue 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 Total Current Assets and its Total Revenue 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.

Total Current Assets vs Total Revenue

Total Current Assets vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Huali Industrial Total Current Assets account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Huali Industrial's Total Current Assets and Total Revenue is 0.93. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Revenue 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 Total Current Assets and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Huali Industrial Group are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Current Assets i.e., Huali Industrial's Total Current Assets and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Total Revenue

Total revenue comprises all receipts Huali Industrial generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
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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-0.590.65-0.561.0-0.58-0.6-0.5-0.62-0.45-0.62-0.74-0.51-0.49-0.7-0.380.66-0.570.57-0.57-0.73-0.54-0.6-0.7-0.62-0.71
-0.740.65-0.790.65-0.84-0.27-0.76-0.77-0.76-0.59-0.84-0.68-0.84-0.510.061.0-0.780.78-0.71-0.71-0.79-0.77-0.79-0.7-0.78
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
-0.710.661.0-0.760.66-0.81-0.24-0.72-0.75-0.73-0.57-0.82-0.64-0.81-0.480.07-0.740.78-0.68-0.68-0.75-0.74-0.77-0.67-0.76
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.