Gem Other Stockholder Equity vs Other Assets Analysis

601002 Stock   4.41  0.05  1.12%   
Gem Year financial indicator trend analysis is much more than just examining Gem Year Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gem Year Industrial is a good investment. Please check the relationship between Gem Year Other Stockholder Equity and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Gem Year Industrial 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.

Other Stockholder Equity vs Other Assets

Other Stockholder Equity vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gem Year Industrial Other Stockholder Equity account and Other Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Gem Year's Other Stockholder Equity and Other Assets is 0.84. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Other Assets in the same time period over historical financial statements of Gem Year Industrial Co, assuming nothing else is changed. The correlation between historical values of Gem Year's Other Stockholder Equity and Other 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 Other Stockholder Equity of Gem Year Industrial Co are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Other Stockholder Equity i.e., Gem Year's Other Stockholder Equity and Other Assets go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Other Stockholder Equity

Other Assets

Most indicators from Gem Year's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gem Year Industrial 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 Gem Year Industrial 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.
The current year's Discontinued Operations is expected to grow to about 763.4 K, whereas Selling General Administrative is forecasted to decline to about 67 M.
 2021 2022 2023 2024 (projected)
Operating Income288.9M139.8M24.9M23.6M
Total Revenue2.9B2.7B2.3B2.7B

Gem Year fundamental ratios Correlations

-0.240.060.870.690.670.310.670.570.830.880.250.130.880.630.49-0.570.420.20.610.630.57-0.60.550.580.05
-0.240.63-0.38-0.4-0.080.12-0.53-0.63-0.15-0.160.20.35-0.33-0.01-0.56-0.05-0.29-0.24-0.3-0.32-0.50.49-0.43-0.43-0.25
0.060.63-0.3-0.360.530.52-0.43-0.610.270.110.310.76-0.180.35-0.61-0.03-0.29-0.13-0.32-0.35-0.460.47-0.46-0.33-0.13
0.87-0.38-0.30.890.37-0.010.820.560.530.63-0.06-0.370.950.370.52-0.410.620.30.880.90.68-0.710.740.68-0.06
0.69-0.4-0.360.890.23-0.090.920.420.270.48-0.25-0.50.810.160.42-0.360.620.410.910.930.79-0.780.760.820.02
0.67-0.080.530.370.230.560.230.180.690.650.530.540.420.4-0.02-0.220.260.060.190.20.28-0.30.150.430.08
0.310.120.52-0.01-0.090.56-0.120.030.370.430.310.630.070.49-0.03-0.19-0.37-0.03-0.14-0.16-0.070.11-0.22-0.03-0.1
0.67-0.53-0.430.820.920.23-0.120.540.380.47-0.27-0.40.80.220.52-0.450.620.550.820.840.86-0.830.810.810.18
0.57-0.63-0.610.560.420.180.030.540.440.590.22-0.110.520.20.83-0.40.30.080.30.340.63-0.660.50.540.33
0.83-0.150.270.530.270.690.370.380.440.780.330.470.640.80.3-0.420.130.210.240.250.26-0.290.220.230.02
0.88-0.160.110.630.480.650.430.470.590.780.520.370.590.570.55-0.550.15-0.060.280.320.5-0.530.330.530.14
0.250.20.31-0.06-0.250.530.31-0.270.220.330.520.57-0.16-0.030.07-0.09-0.06-0.66-0.38-0.320.02-0.12-0.070.090.17
0.130.350.76-0.37-0.50.540.63-0.4-0.110.470.370.57-0.250.46-0.19-0.23-0.45-0.22-0.59-0.59-0.30.31-0.46-0.270.19
0.88-0.33-0.180.950.810.420.070.80.520.640.59-0.16-0.250.550.47-0.470.540.510.860.860.62-0.620.690.59-0.02
0.63-0.010.350.370.160.40.490.220.20.80.57-0.030.460.550.22-0.41-0.270.380.190.150.05-0.020.09-0.070.04
0.49-0.56-0.610.520.42-0.02-0.030.520.830.30.550.07-0.190.470.22-0.590.180.040.260.290.51-0.540.460.420.29
-0.57-0.05-0.03-0.41-0.36-0.22-0.19-0.45-0.4-0.42-0.55-0.09-0.23-0.47-0.41-0.59-0.2-0.15-0.25-0.26-0.380.37-0.33-0.33-0.24
0.42-0.29-0.290.620.620.26-0.370.620.30.130.15-0.06-0.450.54-0.270.18-0.20.130.60.650.49-0.50.480.61-0.15
0.2-0.24-0.130.30.410.06-0.030.550.080.21-0.06-0.66-0.220.510.380.04-0.150.130.580.520.41-0.320.390.320.15
0.61-0.3-0.320.880.910.19-0.140.820.30.240.28-0.38-0.590.860.190.26-0.250.60.580.990.67-0.670.740.68-0.09
0.63-0.32-0.350.90.930.2-0.160.840.340.250.32-0.32-0.590.860.150.29-0.260.650.520.990.71-0.720.770.73-0.09
0.57-0.5-0.460.680.790.28-0.070.860.630.260.50.02-0.30.620.050.51-0.380.490.410.670.71-0.990.860.90.45
-0.60.490.47-0.71-0.78-0.30.11-0.83-0.66-0.29-0.53-0.120.31-0.62-0.02-0.540.37-0.5-0.32-0.67-0.72-0.99-0.87-0.9-0.42
0.55-0.43-0.460.740.760.15-0.220.810.50.220.33-0.07-0.460.690.090.46-0.330.480.390.740.770.86-0.870.680.44
0.58-0.43-0.330.680.820.43-0.030.810.540.230.530.09-0.270.59-0.070.42-0.330.610.320.680.730.9-0.90.680.26
0.05-0.25-0.13-0.060.020.08-0.10.180.330.020.140.170.19-0.020.040.29-0.24-0.150.15-0.09-0.090.45-0.420.440.26
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Gem Year Account Relationship Matchups

Gem Year fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.2B5.0B5.4B5.3B5.2B4.1B
Other Current Liab34.2M51.6M119.4M88.7M21.5M20.4M
Total Current Liabilities672.1M958.5M1.2B811.2M847.0M1.2B
Total Stockholder Equity2.7B4.0B4.1B4.3B4.2B2.4B
Retained Earnings790.4M1.3B1.5B1.6B1.2B1.3B
Accounts Payable575.7M855.0M942.1M486.1M736.6M700.0M
Cash167.2M43.2M291.9M114.6M154.2M184.9M
Other Assets144.6M163.5M138.0M153.9M177.0M185.9M
Net Receivables705.2M667.1M630.3M694.3M838.0M600.6M
Inventory1.5B1.4B1.8B1.7B1.4B1.4B
Other Current Assets235.8M204.5M250.3M119.4M2.2M2.1M
Total Liab1.3B988.2M1.2B983.6M1.0B1.5B
Property Plant Equipment1.2B931.6M1.3B1.5B1.7B1.3B
Intangible Assets103.2M72.6M107.3M98.5M95.6M64.7M
Other Liab50.9M29.7M26.1M22.4M20.2M19.2M
Short Term Investments140.6M730.3M179.5M149.2M210.9M148.5M
Net Tangible Assets2.6B3.9B4.0B4.2B4.8B3.3B
Other Stockholder Equity32.3M65.4M65.3M69.8M80.3M43.4M
Total Current Assets2.8B3.2B3.3B2.9B3.0B3.2B
Non Current Assets Total1.5B1.7B2.1B2.3B2.3B2.0B
Non Currrent Assets Other1.5B79.5M33.0M8.7M642K609.9K
Non Current Liabilities Total602.9M29.7M26.1M172.4M202.6M332.7M
Net Invested Capital2.7B4.0B4.1B4.4B4.2B3.8B
Net Working Capital2.1B2.3B2.1B2.1B2.1B2.3B

Currently Active Assets on Macroaxis

Other Information on Investing in Gem Stock

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