NARI Non Currrent Assets Other vs Total Assets Analysis

600406 Stock   24.61  0.39  1.56%   
NARI Technology financial indicator trend analysis is infinitely more than just investigating NARI Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NARI Technology is a good investment. Please check the relationship between NARI Technology Non Currrent Assets Other and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in NARI Technology 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 board of governors.

Non Currrent Assets Other vs Total Assets

Non Currrent Assets Other vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NARI Technology Non Currrent Assets Other account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between NARI Technology's Non Currrent Assets Other and Total Assets is -0.7. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Assets in the same time period over historical financial statements of NARI Technology Co, assuming nothing else is changed. The correlation between historical values of NARI Technology's Non Currrent Assets Other and Total Assets 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 NARI Technology Co are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Non Currrent Assets Other i.e., NARI Technology's Non Currrent Assets Other and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.7
Relationship DirectionNegative 
Relationship StrengthWeak

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 Assets

Total assets refers to the total amount of NARI Technology assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NARI Technology books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from NARI Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NARI Technology 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 NARI Technology 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 board of governors.
As of November 29, 2024, Selling General Administrative is expected to decline to about 951.4 M. In addition to that, Tax Provision is expected to decline to about 743.5 M
 2021 2022 2023 2024 (projected)
Operating Income6.9B7.6B8.1B8.5B
Total Revenue42.4B46.8B51.6B54.2B

NARI Technology fundamental ratios Correlations

0.260.951.00.980.980.980.950.970.520.991.00.970.980.970.940.40.790.940.440.940.96-0.70.610.71-0.91
0.260.460.220.220.350.210.420.360.550.330.250.20.380.30.20.360.540.340.320.390.340.05-0.030.31-0.18
0.950.460.940.950.990.950.990.990.550.960.950.940.970.940.920.370.870.910.420.950.89-0.590.560.65-0.82
1.00.220.940.990.970.980.940.960.50.980.990.980.970.970.950.380.770.940.430.940.95-0.740.620.7-0.92
0.980.220.950.990.980.990.940.980.440.960.990.970.970.970.980.350.780.930.440.950.92-0.720.580.68-0.92
0.980.350.990.970.980.970.970.990.510.970.980.960.980.970.960.410.840.930.450.960.92-0.680.560.71-0.88
0.980.210.950.980.990.970.930.970.390.970.980.980.940.930.970.340.770.90.410.920.91-0.630.520.67-0.9
0.950.420.990.940.940.970.930.970.590.950.950.950.960.950.870.270.880.890.330.930.86-0.620.650.57-0.78
0.970.360.990.960.980.990.970.970.510.960.960.960.970.960.950.370.830.920.410.950.89-0.640.560.67-0.86
0.520.550.550.50.440.510.390.590.510.540.470.450.560.610.330.360.60.560.290.570.53-0.450.630.42-0.43
0.990.330.960.980.960.970.970.950.960.540.990.960.970.950.920.420.80.920.450.930.95-0.630.580.72-0.88
1.00.250.950.990.990.980.980.950.960.470.990.980.970.960.950.350.790.930.420.940.95-0.690.60.68-0.9
0.970.20.940.980.970.960.980.950.960.450.960.980.930.930.930.240.760.890.360.90.88-0.640.620.58-0.86
0.980.380.970.970.970.980.940.960.970.560.970.970.930.980.930.450.820.950.460.960.95-0.710.60.74-0.88
0.970.30.940.970.970.970.930.950.960.610.950.960.930.980.910.410.810.950.430.950.93-0.80.670.71-0.89
0.940.20.920.950.980.960.970.870.950.330.920.950.930.930.910.420.710.910.550.920.9-0.670.430.73-0.94
0.40.360.370.380.350.410.340.270.370.360.420.350.240.450.410.420.30.430.70.390.55-0.42-0.090.92-0.54
0.790.540.870.770.780.840.770.880.830.60.80.790.760.820.810.710.30.770.30.820.73-0.450.530.51-0.62
0.940.340.910.940.930.930.90.890.920.560.920.930.890.950.950.910.430.770.450.990.95-0.740.630.7-0.91
0.440.320.420.430.440.450.410.330.410.290.450.420.360.460.430.550.70.30.450.420.53-0.37-0.040.72-0.63
0.940.390.950.940.950.960.920.930.950.570.930.940.90.960.950.920.390.820.990.420.93-0.670.630.67-0.88
0.960.340.890.950.920.920.910.860.890.530.950.950.880.950.930.90.550.730.950.530.93-0.710.520.81-0.93
-0.70.05-0.59-0.74-0.72-0.68-0.63-0.62-0.64-0.45-0.63-0.69-0.64-0.71-0.8-0.67-0.42-0.45-0.74-0.37-0.67-0.71-0.59-0.650.77
0.61-0.030.560.620.580.560.520.650.560.630.580.60.620.60.670.43-0.090.530.63-0.040.630.52-0.590.14-0.42
0.710.310.650.70.680.710.670.570.670.420.720.680.580.740.710.730.920.510.70.720.670.81-0.650.14-0.81
-0.91-0.18-0.82-0.92-0.92-0.88-0.9-0.78-0.86-0.43-0.88-0.9-0.86-0.88-0.89-0.94-0.54-0.62-0.91-0.63-0.88-0.930.77-0.42-0.81
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NARI Technology Account Relationship Matchups

NARI Technology fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets57.4B66.0B72.7B76.7B86.1B90.4B
Other Current Liab5.4B5.0B7.2B5.8B633.0M601.3M
Total Current Liabilities24.3B27.9B30.5B30.7B35.1B36.9B
Total Stockholder Equity30.5B34.1B38.0B42.5B47.2B49.6B
Retained Earnings16.3B19.8B23.5B25.9B30.2B31.7B
Accounts Payable17.0B21.3B23.0B22.9B26.7B28.0B
Cash7.6B12.1B12.5B14.7B16.8B17.6B
Net Receivables21.2B19.0B20.1B22.7B26.4B27.7B
Inventory5.8B7.8B7.9B8.3B9.8B10.3B
Other Current Assets3.4B2.9B3.9B1.8B2.6B1.5B
Total Liab24.8B29.6B32.2B31.3B35.7B37.5B
Intangible Assets1.3B1.4B1.6B1.8B2.0B2.1B
Common Stock4.6B4.6B5.5B6.7B7.7B8.1B
Property Plant Equipment10.9B11.6B12.5B11.7B13.5B14.1B
Other Liab449.5M444.9M486.3M489.3M562.7M590.9M
Other Assets2.6B5.1B7.2B6.8B7.8B8.2B
Long Term Debt128.1M1.2B1.2B27M31.1M29.5M
Net Tangible Assets29.2B32.7B36.9B40.6B46.7B28.8B
Deferred Long Term Liab22.9M47.8M531.7M52.4M60.3M100.3M
Total Current Assets42.6B47.7B51.7B56.2B67.2B47.9B
Non Current Assets Total14.8B18.2B21.0B20.5B18.9B16.0B
Non Currrent Assets Other29.7M93.5M94.6M121.9M71.5M67.9M
Short Term Investments4.5B1.5B1.3B1.7B5.6B3.1B
Non Current Liabilities Total452.7M1.6B1.7B610.8M569.0M775.1M
Other Stockholder Equity(15.2M)(31.9M)(49.6M)(45.2M)(40.7M)(38.7M)
Short Long Term Debt1.4B1.2B87.0M196.3M385.5M479.7M
Common Stock Shares Outstanding23.1B23.1B27.7B6.7B8.0B15.2B
Net Invested Capital31.9B36.5B39.3B42.7B47.6B38.8B
Net Working Capital18.3B19.8B21.2B25.5B32.1B23.0B
Capital Stock4.6B4.6B5.5B6.7B8.0B6.3B
Non Current Liabilities Other9.2M10.2M2.2M22.6M14.0M13.1M

Currently Active Assets on Macroaxis

Other Information on Investing in NARI Stock

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