Shanghai Non Currrent Assets Other vs Good Will Analysis

301099 Stock

49.75 0.95 1.95%

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

Non Currrent Assets Other vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Yct Electronics Non Currrent Assets Other account and Good Will. At this time, the significance of the direction appears to have strong relationship.

The correlation between Shanghai Yct's Non Currrent Assets Other and Good Will is 0.68. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Good Will in the same time period over historical financial statements of Shanghai Yct Electronics, assuming nothing else is changed. The correlation between historical values of Shanghai Yct's Non Currrent Assets Other and Good Will 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 Shanghai Yct Electronics are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Non Currrent Assets Other i.e., Shanghai Yct's Non Currrent Assets Other and Good Will go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

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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.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Shanghai Yct's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Yct Electronics 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 Shanghai Yct Electronics. 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 24.3 M, whereas Selling General Administrative is forecasted to decline to about 39.2 M.

	2022	2023	2024	2025 (projected)
Interest Expense	17.5M	29.9M	26.9M	25.6M
Interest Income	1.6M	3.2M	3.6M	3.8M

Interest Expense Interest Income

Shanghai Yct fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Non Currrent Assets Other	Capital Lease Obligations	Property Plant And Equipment Gross	Good Will
Total Assets		-0.77	0.98	0.97	0.89	0.98	0.11	0.88	0.9	1.0	0.9	0.89	0.93	0.69	0.89	1.0	0.91	1.0	0.93	0.95	0.9	0.97	0.92	0.97	0.98	0.86
Other Current Liab	-0.77		-0.69	-0.85	-0.84	-0.87	0.48	-0.81	-0.75	-0.78	-0.93	-0.85	-0.75	-0.9	-0.72	-0.81	-0.79	-0.79	-0.84	-0.85	-0.75	-0.72	-0.73	-0.76	-0.74	-0.61
Total Current Liabilities	0.98	-0.69		0.91	0.84	0.94	0.26	0.82	0.91	0.99	0.83	0.83	0.92	0.63	0.89	0.97	0.89	0.97	0.86	0.88	0.91	0.98	0.94	0.98	0.98	0.86
Total Stockholder Equity	0.97	-0.85	0.91		0.92	0.99	-0.11	0.9	0.87	0.96	0.97	0.9	0.93	0.8	0.84	0.98	0.88	0.98	0.98	0.99	0.87	0.91	0.89	0.93	0.93	0.79
Net Debt	0.89	-0.84	0.84	0.92		0.91	-0.1	1.0	0.95	0.89	0.92	0.89	0.81	0.71	0.95	0.91	0.97	0.91	0.93	0.92	0.91	0.9	0.8	0.86	0.91	0.88
Retained Earnings	0.98	-0.87	0.94	0.99	0.91		-0.08	0.88	0.89	0.98	0.97	0.89	0.95	0.82	0.86	0.98	0.9	0.98	0.96	0.97	0.9	0.93	0.93	0.96	0.95	0.79
Accounts Payable	0.11	0.48	0.26	-0.11	-0.1	-0.08		-0.08	0.16	0.12	-0.3	-0.18	0.09	-0.44	0.17	0.03	0.08	0.06	-0.14	-0.15	0.15	0.22	0.17	0.16	0.19	0.24
Cash	0.88	-0.81	0.82	0.9	1.0	0.88	-0.08		0.93	0.88	0.9	0.88	0.78	0.65	0.95	0.9	0.96	0.89	0.92	0.91	0.88	0.89	0.76	0.83	0.9	0.89
Non Current Assets Total	0.9	-0.75	0.91	0.87	0.95	0.89	0.16	0.93		0.92	0.83	0.79	0.87	0.67	0.99	0.89	1.0	0.9	0.86	0.84	0.98	0.95	0.89	0.92	0.95	0.87
Net Receivables	1.0	-0.78	0.99	0.96	0.89	0.98	0.12	0.88	0.92		0.91	0.88	0.95	0.71	0.9	0.99	0.92	0.99	0.93	0.94	0.92	0.98	0.94	0.98	0.99	0.86
Common Stock Shares Outstanding	0.9	-0.93	0.83	0.97	0.92	0.97	-0.3	0.9	0.83	0.91		0.9	0.87	0.87	0.81	0.93	0.86	0.93	0.98	0.97	0.83	0.85	0.83	0.87	0.87	0.74
Short Term Investments	0.89	-0.85	0.83	0.9	0.89	0.89	-0.18	0.88	0.79	0.88	0.9		0.71	0.62	0.8	0.92	0.83	0.91	0.88	0.93	0.73	0.85	0.69	0.79	0.87	0.88
Inventory	0.93	-0.75	0.92	0.93	0.81	0.95	0.09	0.78	0.87	0.95	0.87	0.71		0.82	0.82	0.91	0.85	0.93	0.89	0.87	0.93	0.9	0.99	0.98	0.91	0.67
Other Current Assets	0.69	-0.9	0.63	0.8	0.71	0.82	-0.44	0.65	0.67	0.71	0.87	0.62	0.82		0.61	0.71	0.69	0.71	0.79	0.75	0.74	0.64	0.79	0.75	0.65	0.38
Total Liab	0.89	-0.72	0.89	0.84	0.95	0.86	0.17	0.95	0.99	0.9	0.81	0.8	0.82	0.61		0.88	0.99	0.88	0.84	0.82	0.96	0.94	0.85	0.89	0.94	0.91
Net Invested Capital	1.0	-0.81	0.97	0.98	0.91	0.98	0.03	0.9	0.89	0.99	0.93	0.92	0.91	0.71	0.88		0.9	1.0	0.95	0.97	0.88	0.96	0.9	0.96	0.97	0.87
Short Long Term Debt	0.91	-0.79	0.89	0.88	0.97	0.9	0.08	0.96	1.0	0.92	0.86	0.83	0.85	0.69	0.99	0.9		0.91	0.88	0.86	0.97	0.94	0.87	0.91	0.94	0.88
Total Current Assets	1.0	-0.79	0.97	0.98	0.91	0.98	0.06	0.89	0.9	0.99	0.93	0.91	0.93	0.71	0.88	1.0	0.91		0.95	0.97	0.89	0.96	0.91	0.96	0.98	0.86
Capital Stock	0.93	-0.84	0.86	0.98	0.93	0.96	-0.14	0.92	0.86	0.93	0.98	0.88	0.89	0.79	0.84	0.95	0.88	0.95		0.98	0.85	0.9	0.84	0.89	0.91	0.79
Net Working Capital	0.95	-0.85	0.88	0.99	0.92	0.97	-0.15	0.91	0.84	0.94	0.97	0.93	0.87	0.75	0.82	0.97	0.86	0.97	0.98		0.82	0.89	0.82	0.89	0.91	0.81
Intangible Assets	0.9	-0.75	0.91	0.87	0.91	0.9	0.15	0.88	0.98	0.92	0.83	0.73	0.93	0.74	0.96	0.88	0.97	0.89	0.85	0.82		0.94	0.95	0.95	0.93	0.79
Property Plant And Equipment Net	0.97	-0.72	0.98	0.91	0.9	0.93	0.22	0.89	0.95	0.98	0.85	0.85	0.9	0.64	0.94	0.96	0.94	0.96	0.9	0.89	0.94		0.91	0.96	1.0	0.92
Non Currrent Assets Other	0.92	-0.73	0.94	0.89	0.8	0.93	0.17	0.76	0.89	0.94	0.83	0.69	0.99	0.79	0.85	0.9	0.87	0.91	0.84	0.82	0.95	0.91		0.99	0.91	0.68
Capital Lease Obligations	0.97	-0.76	0.98	0.93	0.86	0.96	0.16	0.83	0.92	0.98	0.87	0.79	0.98	0.75	0.89	0.96	0.91	0.96	0.89	0.89	0.95	0.96	0.99		0.96	0.78
Property Plant And Equipment Gross	0.98	-0.74	0.98	0.93	0.91	0.95	0.19	0.9	0.95	0.99	0.87	0.87	0.91	0.65	0.94	0.97	0.94	0.98	0.91	0.91	0.93	1.0	0.91	0.96		0.92
Good Will	0.86	-0.61	0.86	0.79	0.88	0.79	0.24	0.89	0.87	0.86	0.74	0.88	0.67	0.38	0.91	0.87	0.88	0.86	0.79	0.81	0.79	0.92	0.68	0.78	0.92

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Shanghai Yct Account Relationship Matchups

Shanghai Yct fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	713.4M	1.2B	2.1B	2.7B	3.1B	1.6B
Other Current Liab	258.2K	469.5K	305.6K	269.1K	242.2K	230.1K
Total Current Liabilities	351.0M	350.0M	925.5M	1.1B	1.3B	681.1M
Total Stockholder Equity	365.0M	841.1M	981.5M	1.1B	1.3B	788.5M
Retained Earnings	141.4M	227.4M	351.3M	363.6M	418.2M	257.4M
Accounts Payable	124.2M	90.9M	190.4M	199.5M	229.4M	177.9M
Cash	49.3M	275.6M	213.6M	452.3M	520.1M	546.1M
Non Current Assets Total	57.8M	58.0M	501.8M	632.5M	727.4M	763.8M
Net Receivables	431.5M	523.9M	797.4M	877.4M	1.0B	670.5M
Short Term Investments	76.1M	84.2M	58.3M	119.8M	137.8M	82.9M
Non Current Liabilities Total	111.8K	446.6K	53.6M	314.8M	362.0M	380.1M
Inventory	80.8M	167.1M	407.2M	304.1M	349.7M	233.9M
Other Current Assets	6.7M	8.0M	12.6M	6.1M	7.0M	7.8M
Total Liab	351.1M	350.4M	979.0M	1.4B	1.6B	1.7B
Net Invested Capital	557.1M	1.1B	1.5B	2.1B	2.4B	1.2B
Short Long Term Debt	192.1M	215.3M	546.8M	724.4M	833.1M	874.8M
Total Current Assets	655.6M	1.1B	1.6B	2.0B	2.4B	1.3B
Net Working Capital	304.6M	781.1M	706.0M	945.7M	1.1B	657.0M
Intangible Assets	11.2M	6.8M	291.8M	256.1M	294.5M	309.2M

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Other Information on Investing in Shanghai Stock

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

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Shanghai Non Currrent Assets Other vs Good Will Analysis

Non Currrent Assets Other vs Good Will

Non Currrent Assets Other vs Good Will Correlation Analysis

Correlation Coefficient

Non Currrent Assets Other

Good Will

Shanghai Yct fundamental ratios Correlations

Shanghai Yct Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shanghai Yct fundamental ratios Accounts

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Other Information on Investing in Shanghai Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Receivables	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Cash	+ 1.0	Net Debt
Short Long Term Debt	+ 1.0	Non Current Assets Total
Total Current Assets	+ 1.0	Net Invested Capital

Common Stock Shares Outstanding	- 0.93	Other Current Liab
Other Current Assets	- 0.9	Other Current Liab
Retained Earnings	- 0.87	Other Current Liab
Net Working Capital	- 0.85	Other Current Liab
Short Term Investments	- 0.85	Other Current Liab
Total Stockholder Equity	- 0.85	Other Current Liab