Xinke Non Currrent Assets Other vs Total Liab Analysis

600255 Stock   2.35  0.06  2.62%   
Xinke Material financial indicator trend analysis is more than just analyzing Xinke Material current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinke Material is a good investment. Please check the relationship between Xinke Material Non Currrent Assets Other and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinke Material. 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 Total Liab

Non Currrent Assets Other vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xinke Material Non Currrent Assets Other account and Total Liab. At this time, the significance of the direction appears to have no relationship.
The correlation between Xinke Material's Non Currrent Assets Other and Total Liab is 0.05. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Liab in the same time period over historical financial statements of Xinke Material, assuming nothing else is changed. The correlation between historical values of Xinke Material's Non Currrent Assets Other and Total Liab 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 Xinke Material are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Non Currrent Assets Other i.e., Xinke Material's Non Currrent Assets Other and Total Liab go up and down completely randomly.

Correlation Coefficient

0.05
Relationship DirectionPositive 
Relationship StrengthInsignificant

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.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Xinke Material's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinke Material 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 Xinke Material. 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 November 27, 2024, Selling General Administrative is expected to decline to about 40.6 M. In addition to that, Discontinued Operations is expected to decline to -1,162
 2021 2023 2024 (projected)
Other Operating Expenses13.7M12.3M14.4M
Gross Profit399.5M229.4M245.1M

Xinke Material fundamental ratios Correlations

0.350.750.89-0.040.170.580.330.060.9-0.550.920.740.780.40.650.860.27-0.060.44-0.49-0.530.240.33-0.10.5
0.350.580.13-0.1-0.390.610.10.050.24-0.110.450.190.560.250.540.33-0.37-0.550.12-0.47-0.11-0.35-0.410.220.19
0.750.580.390.25-0.420.880.410.220.51-0.570.790.30.970.580.790.73-0.23-0.590.04-0.65-0.18-0.34-0.210.10.41
0.890.130.39-0.290.530.210.27-0.060.94-0.470.730.790.420.130.380.760.560.340.49-0.2-0.540.550.56-0.20.29
-0.04-0.10.25-0.29-0.710.38-0.160.2-0.260.030.06-0.410.30.80.51-0.05-0.55-0.64-0.02-0.43-0.18-0.66-0.430.010.44
0.17-0.39-0.420.53-0.71-0.640.11-0.060.38-0.070.030.5-0.38-0.62-0.540.060.890.940.330.56-0.120.970.87-0.33-0.14
0.580.610.880.210.38-0.640.04-0.020.39-0.20.640.150.870.690.830.57-0.57-0.78-0.04-0.83-0.19-0.54-0.410.230.41
0.330.10.410.27-0.160.110.040.450.19-0.910.190.230.32-0.130.090.430.480.13-0.110.180.150.05-0.030.12-0.18
0.060.050.22-0.060.2-0.06-0.020.45-0.11-0.430.10.00.20.140.120.040.19-0.01-0.10.020.07-0.05-0.080.110.04
0.90.240.510.94-0.260.380.390.19-0.11-0.440.80.690.510.170.460.720.350.180.38-0.38-0.510.430.42-0.150.26
-0.55-0.11-0.57-0.470.03-0.07-0.2-0.91-0.43-0.44-0.44-0.29-0.49-0.1-0.33-0.6-0.43-0.05-0.010.080.11-0.02-0.010.020.02
0.920.450.790.730.060.030.640.190.10.8-0.440.670.850.430.620.670.07-0.240.48-0.62-0.560.150.27-0.170.65
0.740.190.30.79-0.410.50.150.230.00.69-0.290.670.39-0.10.150.530.530.260.63-0.22-0.560.590.550.070.45
0.780.560.970.420.3-0.380.870.320.20.51-0.490.850.390.610.780.69-0.21-0.60.21-0.69-0.32-0.28-0.10.050.6
0.40.250.580.130.8-0.620.69-0.130.140.17-0.10.43-0.10.610.880.4-0.49-0.670.1-0.67-0.36-0.57-0.35-0.060.51
0.650.540.790.380.51-0.540.830.090.120.46-0.330.620.150.780.880.66-0.39-0.650.15-0.76-0.42-0.5-0.370.120.44
0.860.330.730.76-0.050.060.570.430.040.72-0.60.670.530.690.40.660.23-0.080.13-0.33-0.240.080.13-0.060.22
0.27-0.37-0.230.56-0.550.89-0.570.480.190.35-0.430.070.53-0.21-0.49-0.390.230.850.330.54-0.150.820.76-0.28-0.1
-0.06-0.55-0.590.34-0.640.94-0.780.13-0.010.18-0.05-0.240.26-0.6-0.67-0.65-0.080.850.080.730.090.880.72-0.3-0.39
0.440.120.040.49-0.020.33-0.04-0.11-0.10.38-0.010.480.630.210.10.150.130.330.08-0.25-0.870.390.53-0.170.77
-0.49-0.47-0.65-0.2-0.430.56-0.830.180.02-0.380.08-0.62-0.22-0.69-0.67-0.76-0.330.540.73-0.250.580.470.35-0.16-0.56
-0.53-0.11-0.18-0.54-0.18-0.12-0.190.150.07-0.510.11-0.56-0.56-0.32-0.36-0.42-0.24-0.150.09-0.870.58-0.17-0.310.13-0.74
0.24-0.35-0.340.55-0.660.97-0.540.05-0.050.43-0.020.150.59-0.28-0.57-0.50.080.820.880.390.47-0.170.91-0.3-0.01
0.33-0.41-0.210.56-0.430.87-0.41-0.03-0.080.42-0.010.270.55-0.1-0.35-0.370.130.760.720.530.35-0.310.91-0.460.28
-0.10.220.1-0.20.01-0.330.230.120.11-0.150.02-0.170.070.05-0.060.12-0.06-0.28-0.3-0.17-0.160.13-0.3-0.46-0.13
0.50.190.410.290.44-0.140.41-0.180.040.260.020.650.450.60.510.440.22-0.1-0.390.77-0.56-0.74-0.010.28-0.13
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Xinke Material Account Relationship Matchups

Xinke Material fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.9B3.1B3.4B3.9B3.8B2.9B
Other Current Liab219.6M168.7M198.9M92.7M72.7M97.2M
Total Current Liabilities1.7B1.7B1.7B1.9B1.9B1.3B
Total Stockholder Equity1.0B1.2B1.3B1.4B1.4B1.5B
Other Liab10.2M37.2M76.4M109.3M125.7M132.0M
Retained Earnings(1.9B)(1.8B)(1.8B)(1.7B)(1.8B)(1.7B)
Accounts Payable1.1B1.1B1.0B1.2B1.2B594.3M
Cash805.9M904.0M810.5M840.0M700.0M752.7M
Other Assets17.9M63.9M111.4M61.7M71.0M51.5M
Net Receivables325.6M380.1M368.2M355.5M414.3M396.3M
Inventory398.1M371.0M565.7M584.8M518.7M395.8M
Other Current Assets67.4M182.0M118.7M157.6M30.6M29.1M
Total Liab1.7B1.7B1.8B2.1B2.1B1.3B
Intangible Assets42.9M36.4M57.1M86.9M84.4M88.7M
Property Plant Equipment1.1B962.4M888.3M960.8M1.1B740.7M
Net Tangible Assets1.6B994.5M1.1B1.2B1.1B1.4B
Total Current Assets1.6B1.9B1.9B2.0B1.8B1.8B
Non Current Assets Total1.3B1.3B1.4B1.9B2.0B1.5B
Non Currrent Assets Other8.4M946.9M106.0M43.4M50.4M47.8M
Non Current Liabilities Total10.2M37.2M121.5M207.7M250.0M159.2M
Short Long Term Debt354M375.5M498.4M478.3M537.5M497.8M
Net Invested Capital1.4B1.6B1.8B2.0B2.0B1.8B
Net Working Capital(123.4M)181.5M219.9M89.6M(57.3M)(54.5M)

Currently Active Assets on Macroaxis

Other Information on Investing in Xinke Stock

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