Xinke Other Stockholder Equity vs Total Stockholder Equity 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 Other Stockholder Equity and its Total Stockholder Equity 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.

Other Stockholder Equity vs Total Stockholder Equity

Other Stockholder Equity vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xinke Material Other Stockholder Equity account and Total Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Xinke Material's Other Stockholder Equity and Total Stockholder Equity is -0.2. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Stockholder Equity 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 Other Stockholder Equity and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Xinke Material are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Stockholder Equity i.e., Xinke Material's Other Stockholder Equity and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.2
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Stockholder Equity

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.
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.