Luyin Total Current Assets vs Intangible Assets Analysis

600784 Stock   6.28  0.20  3.09%   
Luyin Investment financial indicator trend analysis is infinitely more than just investigating Luyin Investment recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Luyin Investment is a good investment. Please check the relationship between Luyin Investment Total Current Assets and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Luyin Investment Group. 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.

Total Current Assets vs Intangible Assets

Total Current Assets vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Luyin Investment Total Current Assets account and Intangible Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Luyin Investment's Total Current Assets and Intangible Assets is -0.66. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Luyin Investment Group, assuming nothing else is changed. The correlation between historical values of Luyin Investment's Total Current Assets and Intangible 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 Total Current Assets of Luyin Investment Group are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Total Current Assets i.e., Luyin Investment's Total Current Assets and Intangible Assets go up and down completely randomly.

Correlation Coefficient

-0.66
Relationship DirectionNegative 
Relationship StrengthWeak

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Luyin Investment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Luyin Investment 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 Luyin Investment Group. 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 136.6 M. The current year's Tax Provision is expected to grow to about 70.3 M
 2021 2022 2023 2024 (projected)
Other Operating Expenses53.0M63.6M73.2M52.1M
Research Development93.1M117.0M105.6M57.7M

Luyin Investment fundamental ratios Correlations

0.090.670.340.270.640.550.320.660.29-0.790.460.260.810.580.780.220.20.250.320.210.270.030.160.08-0.15
0.090.51-0.65-0.460.270.640.12-0.04-0.08-0.180.570.90.45-0.17-0.38-0.56-0.48-0.46-0.39-0.39-0.55-0.16-0.24-0.060.56
0.670.51-0.25-0.290.840.880.070.220.45-0.60.710.550.950.150.17-0.27-0.17-0.47-0.04-0.19-0.29-0.13-0.380.340.35
0.34-0.65-0.250.93-0.14-0.30.320.25-0.24-0.41-0.43-0.46-0.130.460.630.880.680.780.530.60.80.40.47-0.17-0.8
0.27-0.46-0.290.93-0.27-0.260.260.26-0.52-0.38-0.36-0.23-0.160.380.450.870.650.820.440.540.750.260.59-0.35-0.72
0.640.270.84-0.14-0.270.82-0.080.340.63-0.580.750.310.820.00.32-0.38-0.39-0.38-0.22-0.37-0.42-0.17-0.310.110.45
0.550.640.88-0.3-0.260.820.080.240.29-0.550.820.640.85-0.140.05-0.42-0.43-0.39-0.29-0.39-0.48-0.17-0.36-0.020.52
0.320.120.070.320.26-0.080.08-0.040.0-0.39-0.31-0.010.110.470.430.350.370.30.380.70.490.85-0.180.19-0.59
0.66-0.040.220.250.260.340.24-0.040.04-0.320.50.10.50.230.50.08-0.060.270.03-0.10.07-0.240.52-0.30.03
0.29-0.080.45-0.24-0.520.630.290.00.04-0.250.19-0.230.40.170.24-0.38-0.18-0.510.03-0.17-0.260.06-0.490.570.19
-0.79-0.18-0.6-0.41-0.38-0.58-0.55-0.39-0.32-0.25-0.3-0.28-0.66-0.55-0.59-0.26-0.25-0.14-0.18-0.21-0.23-0.19-0.03-0.10.26
0.460.570.71-0.43-0.360.750.82-0.310.50.19-0.30.590.75-0.330.0-0.6-0.67-0.4-0.54-0.66-0.67-0.51-0.13-0.260.73
0.260.90.55-0.46-0.230.310.64-0.010.1-0.23-0.280.590.54-0.02-0.27-0.33-0.31-0.27-0.23-0.31-0.36-0.310.0-0.090.5
0.810.450.95-0.13-0.160.820.850.110.50.4-0.660.750.540.260.32-0.17-0.12-0.320.02-0.16-0.19-0.16-0.180.250.27
0.58-0.170.150.460.380.0-0.140.470.230.17-0.55-0.33-0.020.260.60.590.750.360.760.690.740.320.320.48-0.66
0.78-0.380.170.630.450.320.050.430.50.24-0.590.0-0.270.320.60.450.350.590.430.470.550.30.24-0.02-0.51
0.22-0.56-0.270.880.87-0.38-0.420.350.08-0.38-0.26-0.6-0.33-0.170.590.450.90.720.760.750.940.370.470.07-0.87
0.2-0.48-0.170.680.65-0.39-0.430.37-0.06-0.18-0.25-0.67-0.31-0.120.750.350.90.480.840.830.920.370.280.43-0.87
0.25-0.46-0.470.780.82-0.38-0.390.30.27-0.51-0.14-0.4-0.27-0.320.360.590.720.480.440.520.740.220.65-0.48-0.61
0.32-0.39-0.040.530.44-0.22-0.290.380.030.03-0.18-0.54-0.230.020.760.430.760.840.440.690.850.350.270.45-0.66
0.21-0.39-0.190.60.54-0.37-0.390.7-0.1-0.17-0.21-0.66-0.31-0.160.690.470.750.830.520.690.870.710.070.34-0.88
0.27-0.55-0.290.80.75-0.42-0.480.490.07-0.26-0.23-0.67-0.36-0.190.740.550.940.920.740.850.870.470.420.19-0.91
0.03-0.16-0.130.40.26-0.17-0.170.85-0.240.06-0.19-0.51-0.31-0.160.320.30.370.370.220.350.710.47-0.270.22-0.64
0.16-0.24-0.380.470.59-0.31-0.36-0.180.52-0.49-0.03-0.130.0-0.180.320.240.470.280.650.270.070.42-0.27-0.48-0.25
0.08-0.060.34-0.17-0.350.11-0.020.19-0.30.57-0.1-0.26-0.090.250.48-0.020.070.43-0.480.450.340.190.22-0.48-0.21
-0.150.560.35-0.8-0.720.450.52-0.590.030.190.260.730.50.27-0.66-0.51-0.87-0.87-0.61-0.66-0.88-0.91-0.64-0.25-0.21
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Luyin Investment Account Relationship Matchups

Luyin Investment fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.3B4.7B4.3B5.2B5.4B3.6B
Other Current Liab255.8M157.5M206.3M186.3M4.9M4.7M
Total Current Liabilities3.4B2.7B1.8B1.5B1.7B2.1B
Total Stockholder Equity1.6B1.7B1.9B2.6B2.9B3.0B
Retained Earnings343.2M512.2M725.3M1.0B1.1B1.2B
Accounts Payable937.2M736.8M389.0M501.2M500.8M638.9M
Cash544.7M417.2M311.4M247.5M416.8M449.0M
Other Assets216.9M206.9M208.3M210.3M241.9M126.5M
Long Term Debt252.7M163.8M424.7M765.9M388.6M256.7M
Net Receivables988.5M579.5M441.0M226.7M191.5M181.9M
Inventory311.6M293.7M349.2M328.6M350.4M332.9M
Other Current Assets177.6M171.6M48.4M221.7M71.6M68.1M
Total Liab3.7B2.9B2.3B2.4B2.2B2.4B
Intangible Assets294.8M232.3M222.9M277.8M179.2M110.2M
Property Plant Equipment1.6B1.5B1.3B2.0B2.3B2.4B
Other Liab70.4M62.4M53.6M48.1M55.3M58.1M
Net Tangible Assets1.2B1.4B1.6B2.3B2.7B1.7B
Other Stockholder Equity61.9M21.1M21.4M33.5M38.5M23.7M
Non Current Assets Total3.3B3.0B2.8B3.6B3.8B3.0B
Non Currrent Assets Other187.5M166.2M164.9M169.4M168.9M193.1M
Non Current Liabilities Total323.2M226.1M489.0M854.9M492.5M444.1M
Short Long Term Debt2.0B1.7B1.0B655.2M535.6M888.0M
Total Current Assets2.0B1.7B1.5B1.7B1.6B1.6B
Non Current Liabilities Other100M252.7M15.9M12.6M11.4M10.8M
Net Debt1.7B1.4B1.1B1.2B507.4M852.5M
Net Invested Capital3.8B3.5B3.3B4.1B3.8B3.8B
Net Working Capital(1.3B)(1.0B)(315.0M)144.9M(180.6M)(189.6M)

Currently Active Assets on Macroaxis

Other Information on Investing in Luyin Stock

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