Shanghai Non Currrent Assets Other vs Total Stockholder Equity Analysis

600608 Stock   4.04  0.11  2.65%   
Shanghai Broadband financial indicator trend analysis is much more than just breaking down Shanghai Broadband prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Broadband is a good investment. Please check the relationship between Shanghai Broadband Non Currrent Assets Other and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Broadband Technology. 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 Stockholder Equity

Non Currrent Assets Other vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Broadband Non Currrent Assets Other account and Total Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Shanghai Broadband's Non Currrent Assets Other and Total Stockholder Equity is -0.07. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Shanghai Broadband Technology, assuming nothing else is changed. The correlation between historical values of Shanghai Broadband's Non Currrent Assets Other 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 Non Currrent Assets Other of Shanghai Broadband Technology 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 Non Currrent Assets Other i.e., Shanghai Broadband's Non Currrent Assets Other and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.07
Relationship DirectionNegative 
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 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 Shanghai Broadband's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Broadband 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 Shanghai Broadband Technology. 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 27, 2024, Selling General Administrative is expected to decline to about 5.2 M. In addition to that, Tax Provision is expected to decline to about 221.5 K
 2021 2022 2023 2024 (projected)
Other Operating Expenses584.9K274.9K247.4K235.0K
Gross Profit17.4M17.3M9.2M12.3M

Shanghai Broadband fundamental ratios Correlations

0.20.570.610.770.590.420.50.40.23-0.390.540.92-0.780.9-0.810.34-0.94-0.50.640.610.580.580.580.130.44
0.20.74-0.39-0.270.67-0.010.490.02-0.21-0.370.670.150.210.110.230.55-0.14-0.360.380.520.480.470.46-0.140.14
0.570.74-0.22-0.030.760.10.780.490.1-0.480.930.54-0.030.39-0.040.77-0.57-0.550.730.750.660.660.660.140.48
0.61-0.39-0.220.95-0.080.36-0.26-0.020.340.09-0.330.57-0.890.65-0.91-0.41-0.550.110.060.15-0.07-0.07-0.070.0-0.05
0.77-0.27-0.030.950.160.35-0.040.140.24-0.14-0.090.68-0.960.84-0.99-0.24-0.68-0.180.310.30.220.220.220.070.19
0.590.670.76-0.080.160.030.630.56-0.17-0.660.790.42-0.240.59-0.250.51-0.44-0.760.730.730.850.850.84-0.050.45
0.42-0.010.10.360.350.03-0.160.03-0.050.180.10.27-0.320.15-0.330.3-0.340.10.240.32-0.07-0.07-0.070.1-0.07
0.50.490.78-0.26-0.040.63-0.160.440.14-0.510.850.56-0.030.41-0.040.53-0.58-0.640.540.380.660.660.660.130.52
0.40.020.49-0.020.140.560.030.440.14-0.510.510.3-0.180.34-0.190.33-0.37-0.450.60.510.470.480.48-0.150.24
0.23-0.210.10.340.24-0.17-0.050.140.140.05-0.070.41-0.220.09-0.2-0.19-0.390.33-0.090.06-0.31-0.31-0.31-0.23-0.14
-0.39-0.37-0.480.09-0.14-0.660.18-0.51-0.510.05-0.56-0.30.23-0.530.23-0.420.310.78-0.59-0.32-0.79-0.79-0.790.34-0.53
0.540.670.93-0.33-0.090.790.10.850.51-0.07-0.560.510.010.380.00.83-0.55-0.720.70.580.770.770.770.160.57
0.920.150.540.570.680.420.270.560.30.41-0.30.51-0.690.8-0.710.29-0.99-0.380.430.40.440.440.440.080.34
-0.780.21-0.03-0.89-0.96-0.24-0.32-0.03-0.18-0.220.230.01-0.69-0.860.980.170.680.32-0.34-0.32-0.32-0.32-0.32-0.09-0.29
0.90.110.390.650.840.590.150.410.340.09-0.530.380.8-0.86-0.890.13-0.8-0.640.610.50.70.70.70.130.53
-0.810.23-0.04-0.91-0.99-0.25-0.33-0.04-0.19-0.20.230.0-0.710.98-0.890.170.710.31-0.39-0.34-0.34-0.34-0.34-0.1-0.29
0.340.550.77-0.41-0.240.510.30.530.33-0.19-0.420.830.290.170.130.17-0.32-0.510.510.40.550.550.550.180.5
-0.94-0.14-0.57-0.55-0.68-0.44-0.34-0.58-0.37-0.390.31-0.55-0.990.68-0.80.71-0.320.41-0.53-0.47-0.46-0.47-0.47-0.13-0.39
-0.5-0.36-0.550.11-0.18-0.760.1-0.64-0.450.330.78-0.72-0.380.32-0.640.31-0.510.41-0.69-0.39-0.97-0.97-0.97-0.2-0.79
0.640.380.730.060.310.730.240.540.6-0.09-0.590.70.43-0.340.61-0.390.51-0.53-0.690.850.780.790.790.270.69
0.610.520.750.150.30.730.320.380.510.06-0.320.580.4-0.320.5-0.340.4-0.47-0.390.850.540.540.540.170.39
0.580.480.66-0.070.220.85-0.070.660.47-0.31-0.790.770.44-0.320.7-0.340.55-0.46-0.970.780.541.01.00.180.76
0.580.470.66-0.070.220.85-0.070.660.48-0.31-0.790.770.44-0.320.7-0.340.55-0.47-0.970.790.541.01.00.180.76
0.580.460.66-0.070.220.84-0.070.660.48-0.31-0.790.770.44-0.320.7-0.340.55-0.47-0.970.790.541.01.00.190.77
0.13-0.140.140.00.07-0.050.10.13-0.15-0.230.340.160.08-0.090.13-0.10.18-0.13-0.20.270.170.180.180.190.56
0.440.140.48-0.050.190.45-0.070.520.24-0.14-0.530.570.34-0.290.53-0.290.5-0.39-0.790.690.390.760.760.770.56
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Shanghai Broadband Account Relationship Matchups

Shanghai Broadband fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets173.6M208.6M217.3M197.6M156.5M148.7M
Other Current Liab2.2M5.3M104.8M105.8M69.3M80.4M
Total Current Liabilities105.8M138.6M143.9M124.4M106.0M100.7M
Total Stockholder Equity60.7M63.0M64.6M65.5M43.5M41.3M
Retained Earnings(716.8M)(714.5M)(712.9M)(712.0M)(780.8M)(819.9M)
Cash74.3M63.1M105.1M89.7M27.1M25.7M
Net Receivables79.0M145.1M11.7M22.9M4.7M4.5M
Inventory46.5M72.4M60.9M34.9M47.7M56.8M
Other Current Assets11.5M20.2M37.4M38.0M33.7M28.7M
Total Liab108.1M140.9M146.7M126.6M108.9M103.5M
Property Plant Equipment126.9K104.9K1.1M393.2K353.9K336.2K
Net Tangible Assets60.7M63.0M64.6M65.5M75.3M48.7M
Total Current Assets173.4M208.5M215.4M197.0M155.4M149.8M
Non Current Assets Total126.9K104.9K1.9M608.9K1.1M1.1M
Net Invested Capital60.7M63.0M64.6M65.5M56.1M66.8M
Net Working Capital67.6M69.9M71.5M72.6M49.4M53.1M

Currently Active Assets on Macroaxis

Other Information on Investing in Shanghai Stock

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