Shanghai Inventory vs Good Will Analysis

600754 Stock

25.70 1.48 5.45%

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

Inventory vs Good Will

Inventory vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Jin Jiang Inventory account and Good Will. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Shanghai Jin's Inventory and Good Will is 0.88. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Good Will in the same time period over historical financial statements of Shanghai Jin Jiang, assuming nothing else is changed. The correlation between historical values of Shanghai Jin's Inventory and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Shanghai Jin Jiang are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Inventory i.e., Shanghai Jin's Inventory and Good Will go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Inventory

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.

Most indicators from Shanghai Jin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Jin Jiang 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 Jin Jiang. 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 Selling General Administrative is expected to grow to about 3.1 B, whereas Tax Provision is forecasted to decline to about 343.3 M.

	2021	2022	2023	2024 (projected)
Income Before Tax	604.8M	494.8M	1.8B	1.9B
Cost Of Revenue	7.5B	7.4B	8.5B	8.9B

Income Before Tax Cost Of Revenue

Shanghai Jin fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.51	0.96	0.97	0.94	0.75	0.84	0.95	0.5	0.77	0.96	0.23	0.76	0.76	1.0	0.96	0.88	0.89	0.96	-0.7	-0.87	0.4	-0.1	0.4	0.9	0.24
Other Current Liab	0.51		0.37	0.48	0.62	0.79	0.53	0.36	0.34	0.73	0.47	0.36	0.8	0.86	0.5	0.65	0.54	0.17	0.65	-0.76	-0.51	0.63	0.26	0.29	0.36	0.22
Total Current Liabilities	0.96	0.37		0.94	0.86	0.63	0.72	0.88	0.54	0.63	0.91	0.18	0.66	0.64	0.96	0.88	0.83	0.93	0.88	-0.54	-0.8	0.27	-0.06	0.46	0.82	0.29
Total Stockholder Equity	0.97	0.48	0.94		0.86	0.75	0.76	0.91	0.39	0.66	0.93	0.29	0.67	0.75	0.95	0.9	0.89	0.92	0.91	-0.6	-0.89	0.28	-0.06	0.31	0.86	0.13
Other Liab	0.94	0.62	0.86	0.86		0.81	0.92	0.91	0.59	0.93	0.89	0.24	0.87	0.77	0.96	0.97	0.81	0.71	0.97	-0.84	-0.78	0.61	-0.12	0.45	0.83	0.33
Retained Earnings	0.75	0.79	0.63	0.75	0.81		0.77	0.66	0.4	0.81	0.67	0.47	0.86	0.88	0.74	0.82	0.84	0.51	0.85	-0.79	-0.78	0.45	0.18	0.17	0.63	0.06
Accounts Payable	0.84	0.53	0.72	0.76	0.92	0.77		0.86	0.46	0.89	0.78	0.3	0.78	0.69	0.84	0.91	0.7	0.58	0.9	-0.9	-0.74	0.67	-0.25	0.41	0.82	0.31
Cash	0.95	0.36	0.88	0.91	0.91	0.66	0.86		0.45	0.77	0.93	0.2	0.66	0.62	0.94	0.91	0.82	0.83	0.9	-0.69	-0.77	0.44	-0.26	0.39	0.92	0.25
Other Assets	0.5	0.34	0.54	0.39	0.59	0.4	0.46	0.45		0.6	0.39	0.5	0.43	0.22	0.52	0.46	0.45	0.3	0.47	-0.42	-0.1	0.53	0.08	0.68	0.29	0.69
Long Term Debt	0.77	0.73	0.63	0.66	0.93	0.81	0.89	0.77	0.6		0.72	0.31	0.89	0.74	0.79	0.87	0.7	0.42	0.87	-0.92	-0.6	0.78	-0.08	0.46	0.71	0.39
Net Receivables	0.96	0.47	0.91	0.93	0.89	0.67	0.78	0.93	0.39	0.72		0.16	0.71	0.74	0.96	0.92	0.84	0.88	0.92	-0.64	-0.85	0.36	-0.06	0.35	0.93	0.21
Short Term Investments	0.23	0.36	0.18	0.29	0.24	0.47	0.3	0.2	0.5	0.31	0.16		0.13	0.27	0.2	0.2	0.38	0.13	0.23	-0.25	-0.1	0.21	0.13	0.13	0.17	0.14
Inventory	0.76	0.8	0.66	0.67	0.87	0.86	0.78	0.66	0.43	0.89	0.71	0.13		0.86	0.78	0.88	0.75	0.47	0.88	-0.86	-0.72	0.65	0.07	0.36	0.67	0.28
Other Current Assets	0.76	0.86	0.64	0.75	0.77	0.88	0.69	0.62	0.22	0.74	0.74	0.27	0.86		0.75	0.84	0.78	0.55	0.86	-0.77	-0.85	0.42	0.12	0.15	0.68	0.0
Total Liab	1.0	0.5	0.96	0.95	0.96	0.74	0.84	0.94	0.52	0.79	0.96	0.2	0.78	0.75		0.96	0.86	0.88	0.96	-0.7	-0.85	0.43	-0.11	0.42	0.89	0.26
Intangible Assets	0.96	0.65	0.88	0.9	0.97	0.82	0.91	0.91	0.46	0.87	0.92	0.2	0.88	0.84	0.96		0.85	0.75	1.0	-0.86	-0.88	0.57	-0.09	0.44	0.88	0.29
Common Stock	0.88	0.54	0.83	0.89	0.81	0.84	0.7	0.82	0.45	0.7	0.84	0.38	0.75	0.78	0.86	0.85		0.78	0.88	-0.61	-0.8	0.28	0.13	0.29	0.84	0.16
Property Plant Equipment	0.89	0.17	0.93	0.92	0.71	0.51	0.58	0.83	0.3	0.42	0.88	0.13	0.47	0.55	0.88	0.75	0.78		0.76	-0.32	-0.81	-0.01	-0.12	0.18	0.8	0.0
Good Will	0.96	0.65	0.88	0.91	0.97	0.85	0.9	0.9	0.47	0.87	0.92	0.23	0.88	0.86	0.96	1.0	0.88	0.76		-0.84	-0.89	0.53	-0.05	0.41	0.89	0.25
Net Tangible Assets	-0.7	-0.76	-0.54	-0.6	-0.84	-0.79	-0.9	-0.69	-0.42	-0.92	-0.64	-0.25	-0.86	-0.77	-0.7	-0.86	-0.61	-0.32	-0.84		0.63	-0.84	0.12	-0.49	-0.68	-0.41
Other Stockholder Equity	-0.87	-0.51	-0.8	-0.89	-0.78	-0.78	-0.74	-0.77	-0.1	-0.6	-0.85	-0.1	-0.72	-0.85	-0.85	-0.88	-0.8	-0.81	-0.89	0.63		-0.17	0.01	-0.09	-0.81	0.12
Deferred Long Term Liab	0.4	0.63	0.27	0.28	0.61	0.45	0.67	0.44	0.53	0.78	0.36	0.21	0.65	0.42	0.43	0.57	0.28	-0.01	0.53	-0.84	-0.17		-0.18	0.67	0.38	0.71
Long Term Investments	-0.1	0.26	-0.06	-0.06	-0.12	0.18	-0.25	-0.26	0.08	-0.08	-0.06	0.13	0.07	0.12	-0.11	-0.09	0.13	-0.12	-0.05	0.12	0.01	-0.18		0.14	-0.16	0.09
Short Long Term Debt	0.4	0.29	0.46	0.31	0.45	0.17	0.41	0.39	0.68	0.46	0.35	0.13	0.36	0.15	0.42	0.44	0.29	0.18	0.41	-0.49	-0.09	0.67	0.14		0.34	0.95
Total Current Assets	0.9	0.36	0.82	0.86	0.83	0.63	0.82	0.92	0.29	0.71	0.93	0.17	0.67	0.68	0.89	0.88	0.84	0.8	0.89	-0.68	-0.81	0.38	-0.16	0.34		0.21
Short Term Debt	0.24	0.22	0.29	0.13	0.33	0.06	0.31	0.25	0.69	0.39	0.21	0.14	0.28	0.0	0.26	0.29	0.16	0.0	0.25	-0.41	0.12	0.71	0.09	0.95	0.21

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Shanghai Jin Account Relationship Matchups

Shanghai Jin fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	38.9B	38.6B	48.3B	47.4B	50.6B	53.1B
Other Current Liab	3.1B	3.2B	2.8B	2.9B	4.9M	4.7M
Total Current Liabilities	7.6B	7.8B	12.3B	11.8B	12.7B	13.3B
Total Stockholder Equity	13.3B	12.7B	16.6B	16.6B	16.7B	17.5B
Other Liab	2.6B	2.4B	2.1B	2.1B	2.4B	2.5B
Retained Earnings	4.4B	3.9B	3.0B	3.0B	3.1B	1.6B
Accounts Payable	1.6B	1.4B	758.8M	870.8M	1.4B	1.5B
Cash	5.9B	6.8B	6.4B	6.9B	10.3B	10.8B
Other Assets	3.0B	3.0B	3.0B	3.0B	3.4B	2.4B
Long Term Debt	14.4B	14.5B	8.0B	8.1B	9.9B	7.0B
Net Receivables	1.2B	1.1B	1.5B	1.9B	1.7B	1.8B
Short Term Investments	251.6M	254.2M	244.1M	241.9M	263.0M	162.3M
Inventory	93.6M	72.8M	76.8M	67.8M	66.5M	47.7M
Other Current Assets	724.7M	812.8M	775.1M	869.5M	421.1M	263.7M
Total Liab	24.5B	24.9B	30.9B	30.3B	33.2B	34.9B
Intangible Assets	7.3B	7.2B	6.7B	6.9B	7.0B	7.3B
Property Plant Equipment	6.9B	6.3B	13.9B	13.5B	15.5B	16.3B
Good Will	11.4B	11.5B	11.0B	11.1B	11.8B	10.4B
Net Tangible Assets	(5.4B)	(6.0B)	(971.0M)	(1.4B)	(1.6B)	(1.7B)
Other Stockholder Equity	24.6M	(10.3M)	(8.4M)	(31.3M)	(28.1M)	(26.7M)
Deferred Long Term Liab	2.3B	2.0B	1.6B	1.5B	1.3B	1.7B
Short Long Term Debt	18.6M	1.0B	869.0M	148.8M	360.7M	673.4M
Total Current Assets	8.5B	9.4B	9.9B	10.5B	13.6B	10.9B
Non Current Assets Total	30.4B	29.2B	38.7B	37.0B	37.0B	36.9B
Non Currrent Assets Other	101.4M	122.0M	3.2B	1.5B	365.2M	346.9M
Non Current Liabilities Total	16.9B	17.1B	18.7B	18.5B	20.6B	20.6B
Non Current Liabilities Other	202.1M	228.4M	213.5M	208.1M	421.4M	265.8M
Net Debt	8.2B	8.8B	2.4B	1.3B	1.2B	1.1B
Net Invested Capital	27.4B	28.3B	25.5B	24.8B	26.9B	22.2B
Net Working Capital	882.3M	1.6B	(2.7B)	(1.3B)	879.0M	755.2M

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Other Information on Investing in Shanghai Stock

Balance Sheet is a snapshot of the financial position of Shanghai Jin Jiang at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Jin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Jin 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.

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Shanghai Inventory vs Good Will Analysis

Inventory vs Good Will

Inventory vs Good Will Correlation Analysis

Correlation Coefficient

Inventory

Good Will

Shanghai Jin fundamental ratios Correlations

Shanghai Jin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shanghai Jin fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Shanghai Stock

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Total Liab	+ 1.0	Total Assets
Good Will	+ 1.0	Intangible Assets
Total Stockholder Equity	+ 0.97	Total Assets
Intangible Assets	+ 0.97	Other Liab
Good Will	+ 0.97	Other Liab
Total Current Liabilities	+ 0.96	Total Assets

Net Tangible Assets	- 0.92	Long Term Debt
Net Tangible Assets	- 0.9	Accounts Payable
Other Stockholder Equity	- 0.89	Good Will
Other Stockholder Equity	- 0.89	Total Stockholder Equity
Other Stockholder Equity	- 0.88	Intangible Assets
Other Stockholder Equity	- 0.87	Total Assets