Qinghaihuading Good Will vs Cash Analysis

600243 Stock

3.07 0.12 3.76%

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

Good Will vs Cash

Good Will vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qinghaihuading Industrial Good Will account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Qinghaihuading Industrial's Good Will and Cash is -0.29. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash in the same time period over historical financial statements of Qinghaihuading Industrial Co, assuming nothing else is changed. The correlation between historical values of Qinghaihuading Industrial's Good Will and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Qinghaihuading Industrial Co are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Good Will i.e., Qinghaihuading Industrial's Good Will and Cash go up and down completely randomly.

Correlation Coefficient

-0.29

Relationship Direction	Negative
Relationship Strength	Insignificant

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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.

Cash

Cash refers to the most liquid asset of Qinghaihuading Industrial, which is listed under current asset account on Qinghaihuading Industrial Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Qinghaihuading Industrial customers. The amounts must be unrestricted with restricted cash listed in a different Qinghaihuading Industrial account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Qinghaihuading Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qinghaihuading 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 Qinghaihuading Industrial 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.

The current year's Tax Provision is expected to grow to about 24.1 M, whereas Selling General Administrative is forecasted to decline to about 26.8 M.

	2022	2023	2024	2025 (projected)
Gross Profit	46.8M	22.1M	19.9M	18.9M
Research Development	14.6M	14.8M	13.3M	22.9M

Gross Profit Research Development

Qinghaihuading Industrial fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Retained Earnings	Long Term Debt	Short Term Investments	Good Will	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		0.56	0.92	0.81	0.8	0.89	0.39	-0.05	0.85	0.84	0.8	0.79	0.62	0.18	0.9	0.6	0.17	0.45	-0.49	0.54	0.47	-0.27	0.56	0.49	0.16	0.58
Other Current Liab	0.56		0.63	0.28	0.64	0.61	0.09	-0.19	0.59	0.4	0.63	0.72	0.26	-0.13	0.47	0.58	0.46	0.29	-0.47	0.4	0.57	-0.37	0.28	0.49	-0.3	0.71
Total Current Liabilities	0.92	0.63		0.53	0.88	0.91	0.36	-0.2	0.82	0.68	0.82	0.92	0.5	-0.11	0.93	0.68	0.44	0.37	-0.58	0.63	0.6	-0.48	0.35	0.64	-0.11	0.68
Total Stockholder Equity	0.81	0.28	0.53		0.37	0.58	0.3	0.23	0.63	0.8	0.46	0.33	0.7	0.62	0.56	0.23	-0.39	0.4	-0.11	0.18	0.06	0.18	0.73	0.05	0.57	0.22
Other Liab	0.8	0.64	0.88	0.37		0.84	0.32	-0.37	0.8	0.61	0.84	0.97	0.28	-0.25	0.91	0.82	0.68	0.39	-0.72	0.77	0.76	-0.61	0.28	0.75	-0.3	0.72
Accounts Payable	0.89	0.61	0.91	0.58	0.84		0.12	-0.04	0.83	0.82	0.71	0.85	0.45	0.04	0.94	0.56	0.38	0.55	-0.43	0.5	0.45	-0.23	0.49	0.47	0.1	0.56
Cash	0.39	0.09	0.36	0.3	0.32	0.12		-0.25	0.16	-0.06	0.57	0.33	0.16	0.07	0.27	0.24	0.09	0.1	-0.29	0.26	0.26	-0.41	-0.29	0.3	-0.37	0.11
Other Assets	-0.05	-0.19	-0.2	0.23	-0.37	-0.04	-0.25		-0.41	0.08	-0.4	-0.36	0.31	0.68	-0.16	-0.69	-0.52	0.5	0.73	-0.75	-0.73	0.7	0.02	-0.8	0.57	-0.56
Net Receivables	0.85	0.59	0.82	0.63	0.8	0.83	0.16	-0.41		0.79	0.73	0.79	0.49	-0.02	0.82	0.76	0.28	0.24	-0.62	0.71	0.63	-0.33	0.71	0.65	0.07	0.7
Inventory	0.84	0.4	0.68	0.8	0.61	0.82	-0.06	0.08	0.79		0.49	0.55	0.5	0.26	0.78	0.47	0.0	0.41	-0.36	0.44	0.29	-0.01	0.84	0.3	0.53	0.46
Other Current Assets	0.8	0.63	0.82	0.46	0.84	0.71	0.57	-0.4	0.73	0.49		0.85	0.44	-0.16	0.72	0.76	0.51	0.28	-0.73	0.71	0.72	-0.56	0.18	0.72	-0.32	0.66
Total Liab	0.79	0.72	0.92	0.33	0.97	0.85	0.33	-0.36	0.79	0.55	0.85		0.32	-0.26	0.88	0.79	0.69	0.4	-0.71	0.72	0.75	-0.59	0.23	0.75	-0.36	0.74
Intangible Assets	0.62	0.26	0.5	0.7	0.28	0.45	0.16	0.31	0.49	0.5	0.44	0.32		0.48	0.39	0.12	-0.3	0.33	-0.04	0.05	0.01	0.11	0.48	-0.01	0.37	0.16
Common Stock	0.18	-0.13	-0.11	0.62	-0.25	0.04	0.07	0.68	-0.02	0.26	-0.16	-0.26	0.48		-0.04	-0.53	-0.73	0.58	0.55	-0.59	-0.63	0.75	0.37	-0.69	0.69	-0.54
Property Plant Equipment	0.9	0.47	0.93	0.56	0.91	0.94	0.27	-0.16	0.82	0.78	0.72	0.88	0.39	-0.04		0.64	0.45	0.48	-0.55	0.62	0.54	-0.39	0.43	0.58	0.02	0.57
Retained Earnings	0.6	0.58	0.68	0.23	0.82	0.56	0.24	-0.69	0.76	0.47	0.76	0.79	0.12	-0.53	0.64		0.63	-0.14	-0.92	0.97	0.97	-0.74	0.32	0.96	-0.4	0.93
Long Term Debt	0.17	0.46	0.44	-0.39	0.68	0.38	0.09	-0.52	0.28	0.0	0.51	0.69	-0.3	-0.73	0.45	0.63		0.1	-0.62	0.61	0.69	-0.72	-0.3	0.7	-0.72	0.54
Short Term Investments	0.45	0.29	0.37	0.4	0.39	0.55	0.1	0.5	0.24	0.41	0.28	0.4	0.33	0.58	0.48	-0.14	0.1		0.19	-0.23	-0.21	0.31	0.16	-0.27	0.24	-0.22
Good Will	-0.49	-0.47	-0.58	-0.11	-0.72	-0.43	-0.29	0.73	-0.62	-0.36	-0.73	-0.71	-0.04	0.55	-0.55	-0.92	-0.62	0.19		-0.91	-0.93	0.78	-0.2	-0.93	0.42	-0.83
Net Tangible Assets	0.54	0.4	0.63	0.18	0.77	0.5	0.26	-0.75	0.71	0.44	0.71	0.72	0.05	-0.59	0.62	0.97	0.61	-0.23	-0.91		0.94	-0.76	0.27	0.97	-0.38	0.86
Deferred Long Term Liab	0.47	0.57	0.6	0.06	0.76	0.45	0.26	-0.73	0.63	0.29	0.72	0.75	0.01	-0.63	0.54	0.97	0.69	-0.21	-0.93	0.94		-0.79	0.14	0.97	-0.57	0.92
Long Term Investments	-0.27	-0.37	-0.48	0.18	-0.61	-0.23	-0.41	0.7	-0.33	-0.01	-0.56	-0.59	0.11	0.75	-0.39	-0.74	-0.72	0.31	0.78	-0.76	-0.79		0.2	-0.85	0.66	-0.7
Short Long Term Debt	0.56	0.28	0.35	0.73	0.28	0.49	-0.29	0.02	0.71	0.84	0.18	0.23	0.48	0.37	0.43	0.32	-0.3	0.16	-0.2	0.27	0.14	0.2		0.13	0.67	0.34
Total Current Assets	0.49	0.49	0.64	0.05	0.75	0.47	0.3	-0.8	0.65	0.3	0.72	0.75	-0.01	-0.69	0.58	0.96	0.7	-0.27	-0.93	0.97	0.97	-0.85	0.13		-0.53	0.89
Short Term Debt	0.16	-0.3	-0.11	0.57	-0.3	0.1	-0.37	0.57	0.07	0.53	-0.32	-0.36	0.37	0.69	0.02	-0.4	-0.72	0.24	0.42	-0.38	-0.57	0.66	0.67	-0.53		-0.37
Non Current Assets Total	0.58	0.71	0.68	0.22	0.72	0.56	0.11	-0.56	0.7	0.46	0.66	0.74	0.16	-0.54	0.57	0.93	0.54	-0.22	-0.83	0.86	0.92	-0.7	0.34	0.89	-0.37

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Qinghaihuading Industrial Account Relationship Matchups

Qinghaihuading Industrial fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.7B	1.9B	1.4B	1.1B	1.2B	1.8B
Other Current Liab	87.3M	238.9M	95.6M	9.9M	11.4M	10.8M
Total Current Liabilities	439.8M	713.5M	429.1M	341.7M	393.0M	703.7M
Total Stockholder Equity	1.2B	1.0B	892.8M	728.8M	838.1M	925.2M
Other Liab	61.8M	48.6M	27.6M	18.4M	21.2M	20.1M
Accounts Payable	178.3M	228.8M	130.1M	144.5M	166.1M	221.2M
Cash	131.8M	62.0M	240.5M	252.3M	290.1M	213.6M
Other Assets	125.5M	244.1M	232.5M	161.2M	185.3M	194.6M
Net Receivables	75.6M	237.1M	116.8M	95.1M	109.4M	103.9M
Inventory	437.9M	419.1M	275.7M	252.8M	290.7M	444.4M
Other Current Assets	28.4M	25.0M	13.9M	8.6M	9.8M	9.4M
Total Liab	503.7M	760.2M	465.6M	356.5M	410.0M	389.5M
Intangible Assets	78.9M	91.8M	46.6M	45.3M	52.1M	55.9M
Property Plant Equipment	544.0M	392.3M	364.4M	310.3M	356.8M	486.0M
Retained Earnings	(532.3M)	(644.1M)	(796.8M)	(997.3M)	(897.6M)	(852.7M)
Long Term Debt	15.0M	4M	15.5M	3.9M	3.5M	3.4M
Net Tangible Assets	1.0B	1.1B	752.7M	846.2M	761.6M	1.0B
Deferred Long Term Liab	11.3M	12.4M	10.8M	6.0M	5.4M	5.1M
Short Long Term Debt	155.0M	202.5M	150.9M	103.7M	93.3M	88.6M
Total Current Assets	929.5M	913.6M	835.4M	688.4M	619.5M	1.1B
Non Current Assets Total	729.1M	928.1M	538.1M	397.3M	357.5M	630.5M
Non Currrent Assets Other	203.2M	188.9M	130.2M	81.9M	94.2M	105.7M
Non Current Liabilities Total	63.9M	40.0M	36.4M	14.8M	13.4M	12.7M
Net Debt	287.0M	242.1M	38.3M	144.6M	130.1M	174.1M
Other Stockholder Equity	(1.8M)	(1.5M)	6.3M	6.2M	7.2M	7.5M
Net Invested Capital	1.3B	1.3B	1.1B	836.4M	752.7M	1.2B
Net Working Capital	489.7M	203.4M	406.3M	346.7M	312.0M	407.8M
Property Plant And Equipment Net	392.3M	364.4M	310.3M	227.4M	204.6M	294.1M
Property Plant And Equipment Gross	704.9M	691.8M	420.3M	466.9M	420.2M	527.9M

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

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Qinghaihuading Good Will vs Cash Analysis

Good Will vs Cash

Good Will vs Cash Correlation Analysis

Correlation Coefficient

Good Will

Cash

Qinghaihuading Industrial fundamental ratios Correlations

Qinghaihuading Industrial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Qinghaihuading Industrial fundamental ratios Accounts

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Total Liab	+ 0.97	Other Liab
Net Tangible Assets	+ 0.97	Retained Earnings
Deferred Long Term Liab	+ 0.97	Retained Earnings
Total Current Assets	+ 0.97	Net Tangible Assets
Total Current Assets	+ 0.97	Deferred Long Term Liab
Total Current Assets	+ 0.96	Retained Earnings

Total Current Assets	- 0.93	Good Will
Deferred Long Term Liab	- 0.93	Good Will
Good Will	- 0.92	Retained Earnings
Net Tangible Assets	- 0.91	Good Will
Total Current Assets	- 0.85	Long Term Investments
Non Current Assets Total	- 0.83	Good Will