Wintao Total Stockholder Equity vs Net Working Capital Analysis

301139 Stock   25.61  0.36  1.43%   
Wintao Communications financial indicator trend analysis is more than just analyzing Wintao Communications current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wintao Communications is a good investment. Please check the relationship between Wintao Communications Total Stockholder Equity and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Wintao Communications Co. 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 Stockholder Equity vs Net Working Capital

Total Stockholder Equity vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wintao Communications Total Stockholder Equity account and Net Working Capital. At this time, the significance of the direction appears to have totally related.
The correlation between Wintao Communications' Total Stockholder Equity and Net Working Capital is 0.99. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Wintao Communications Co, assuming nothing else is changed. The correlation between historical values of Wintao Communications' Total Stockholder Equity and Net Working Capital 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 Stockholder Equity of Wintao Communications Co are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Stockholder Equity i.e., Wintao Communications' Total Stockholder Equity and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Net Working Capital

Most indicators from Wintao Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wintao Communications 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 Wintao Communications Co. 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 December 11, 2024, Tax Provision is expected to decline to about 377.6 K. In addition to that, Selling General Administrative is expected to decline to about 31.9 M
 2021 2022 2023 2024 (projected)
Interest Expense9.2M13.2M9.2M11.3M
Interest Income364.5K3.6M8.5M8.9M

Wintao Communications fundamental ratios Correlations

-0.90.930.980.990.870.960.7-0.960.970.940.60.970.660.940.990.941.00.940.630.980.880.66-0.550.920.6
-0.9-0.95-0.83-0.94-0.92-0.8-0.680.98-0.92-0.78-0.58-0.97-0.64-0.95-0.86-0.97-0.9-0.78-0.54-0.83-0.86-0.640.6-0.96-0.6
0.93-0.950.850.960.990.840.62-0.960.980.770.510.960.561.00.870.990.940.770.720.850.920.56-0.510.940.52
0.98-0.830.850.950.780.980.69-0.910.920.970.590.930.660.861.00.870.980.970.550.990.810.65-0.540.860.6
0.99-0.940.960.950.910.910.72-0.970.990.910.630.990.680.970.960.980.980.910.680.940.930.68-0.570.950.63
0.87-0.920.990.780.910.80.52-0.920.950.670.410.910.460.980.810.960.890.670.720.80.860.46-0.450.890.42
0.96-0.80.840.980.910.80.58-0.880.910.910.470.880.540.840.970.840.970.910.530.990.720.53-0.460.810.47
0.7-0.680.620.690.720.520.58-0.760.690.80.990.681.00.650.70.660.650.80.610.640.751.0-0.950.60.99
-0.960.98-0.96-0.91-0.97-0.92-0.88-0.76-0.97-0.86-0.66-0.97-0.71-0.96-0.92-0.97-0.96-0.86-0.63-0.9-0.88-0.710.67-0.94-0.67
0.97-0.920.980.920.990.950.910.69-0.970.870.590.960.640.980.940.970.980.870.750.920.920.64-0.570.910.59
0.94-0.780.770.970.910.670.910.8-0.860.870.720.880.780.80.970.820.921.00.550.950.810.77-0.630.810.73
0.6-0.580.510.590.630.410.470.99-0.660.590.720.581.00.550.60.560.540.720.60.530.71.0-0.950.51.0
0.97-0.970.960.930.990.910.880.68-0.970.960.880.580.640.970.940.980.970.880.580.920.90.63-0.530.990.59
0.66-0.640.560.660.680.460.541.0-0.710.640.781.00.640.60.660.610.610.780.590.60.721.0-0.950.551.0
0.94-0.951.00.860.970.980.840.65-0.960.980.80.550.970.60.890.990.940.80.730.860.940.59-0.530.950.55
0.99-0.860.871.00.960.810.970.7-0.920.940.970.60.940.660.890.90.980.970.570.990.830.66-0.540.890.6
0.94-0.970.990.870.980.960.840.66-0.970.970.820.560.980.610.990.90.940.820.670.870.930.61-0.530.970.57
1.0-0.90.940.980.980.890.970.65-0.960.980.920.540.970.610.940.980.940.920.620.980.850.61-0.520.920.55
0.94-0.780.770.970.910.670.910.8-0.860.871.00.720.880.780.80.970.820.920.550.950.810.77-0.630.810.73
0.63-0.540.720.550.680.720.530.61-0.630.750.550.60.580.590.730.570.670.620.550.530.820.59-0.560.510.57
0.98-0.830.850.990.940.80.990.64-0.90.920.950.530.920.60.860.990.870.980.950.530.770.6-0.50.850.54
0.88-0.860.920.810.930.860.720.75-0.880.920.810.70.90.720.940.830.930.850.810.820.770.72-0.590.880.7
0.66-0.640.560.650.680.460.531.0-0.710.640.771.00.631.00.590.660.610.610.770.590.60.72-0.950.551.0
-0.550.6-0.51-0.54-0.57-0.45-0.46-0.950.67-0.57-0.63-0.95-0.53-0.95-0.53-0.54-0.53-0.52-0.63-0.56-0.5-0.59-0.95-0.44-0.95
0.92-0.960.940.860.950.890.810.6-0.940.910.810.50.990.550.950.890.970.920.810.510.850.880.55-0.440.52
0.6-0.60.520.60.630.420.470.99-0.670.590.731.00.591.00.550.60.570.550.730.570.540.71.0-0.950.52
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Wintao Communications Account Relationship Matchups

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Other Information on Investing in Wintao Stock

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