Nantong Common Stock Shares Outstanding vs Other Current Liab Analysis

603115 Stock   13.60  0.11  0.82%   
Nantong Haixing financial indicator trend analysis is infinitely more than just investigating Nantong Haixing Elec recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nantong Haixing Elec is a good investment. Please check the relationship between Nantong Haixing Common Stock Shares Outstanding and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nantong Haixing Electronics. 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.

Common Stock Shares Outstanding vs Other Current Liab

Common Stock Shares Outstanding vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nantong Haixing Elec Common Stock Shares Outstanding account and Other Current Liab. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Nantong Haixing's Common Stock Shares Outstanding and Other Current Liab is -0.56. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Nantong Haixing Electronics, assuming nothing else is changed. The correlation between historical values of Nantong Haixing's Common Stock Shares Outstanding and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Nantong Haixing Electronics are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Common Stock Shares Outstanding i.e., Nantong Haixing's Common Stock Shares Outstanding and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.56
Relationship DirectionNegative 
Relationship StrengthVery Weak

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Other Current Liab

Most indicators from Nantong Haixing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nantong Haixing Elec 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 Nantong Haixing Electronics. 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 Tax Provision is expected to grow to about 23.2 M. The current year's Selling General Administrative is expected to grow to about 51.4 M
 2021 2022 2023 2024 (projected)
Gross Profit453.5M439.0M365.9M349.2M
Total Revenue1.6B1.8B1.8B1.4B

Nantong Haixing fundamental ratios Correlations

-0.510.91.00.960.980.770.950.940.950.910.80.910.88-0.05-0.850.93-0.241.00.590.970.960.920.981.00.99
-0.51-0.26-0.53-0.4-0.5-0.12-0.42-0.52-0.58-0.69-0.46-0.54-0.73-0.410.39-0.320.22-0.47-0.54-0.51-0.42-0.44-0.56-0.56-0.53
0.9-0.260.880.870.850.830.950.870.880.790.750.80.72-0.29-0.860.99-0.060.890.60.870.90.890.880.870.84
1.0-0.530.880.960.980.750.940.930.950.910.790.90.89-0.02-0.840.91-0.250.990.580.970.950.910.971.00.99
0.96-0.40.870.960.970.660.950.850.950.820.710.910.85-0.06-0.810.91-0.390.950.60.980.980.910.970.950.93
0.98-0.50.850.980.970.670.930.90.960.870.760.90.89-0.06-0.810.89-0.260.970.650.990.970.860.970.980.96
0.77-0.120.830.750.660.670.740.830.590.650.840.690.43-0.36-0.680.830.060.810.270.670.640.80.70.750.78
0.95-0.420.950.940.950.930.740.890.950.840.770.90.86-0.08-0.810.97-0.30.940.630.950.960.930.950.930.91
0.94-0.520.870.930.850.90.830.890.850.820.890.910.8-0.09-0.770.9-0.070.950.530.890.830.870.890.930.94
0.95-0.580.880.950.950.960.590.950.850.910.680.850.94-0.03-0.860.9-0.240.920.740.960.980.850.960.950.91
0.91-0.690.790.910.820.870.650.840.820.910.70.760.860.02-0.880.81-0.160.890.640.870.860.840.910.930.9
0.8-0.460.750.790.710.760.840.770.890.680.70.890.57-0.3-0.580.8-0.110.820.570.790.660.870.820.790.82
0.91-0.540.80.90.910.90.690.90.910.850.760.890.79-0.05-0.650.86-0.40.910.60.930.840.930.930.90.9
0.88-0.730.720.890.850.890.430.860.80.940.860.570.790.3-0.720.76-0.330.840.610.870.880.730.870.890.85
-0.05-0.41-0.29-0.02-0.06-0.06-0.36-0.08-0.09-0.030.02-0.3-0.050.30.23-0.26-0.53-0.06-0.37-0.1-0.08-0.14-0.1-0.010.0
-0.850.39-0.86-0.84-0.81-0.81-0.68-0.81-0.77-0.86-0.88-0.58-0.65-0.720.23-0.85-0.09-0.84-0.54-0.8-0.85-0.77-0.83-0.85-0.81
0.93-0.320.990.910.910.890.830.970.90.90.810.80.860.76-0.26-0.85-0.120.920.620.910.920.920.920.90.88
-0.240.22-0.06-0.25-0.39-0.260.06-0.3-0.07-0.24-0.16-0.11-0.4-0.33-0.53-0.09-0.12-0.24-0.01-0.33-0.29-0.37-0.32-0.26-0.28
1.0-0.470.890.990.950.970.810.940.950.920.890.820.910.84-0.06-0.840.92-0.240.530.960.930.920.960.990.99
0.59-0.540.60.580.60.650.270.630.530.740.640.570.60.61-0.37-0.540.62-0.010.530.70.660.560.710.580.51
0.97-0.510.870.970.980.990.670.950.890.960.870.790.930.87-0.1-0.80.91-0.330.960.70.970.920.990.970.95
0.96-0.420.90.950.980.970.640.960.830.980.860.660.840.88-0.08-0.850.92-0.290.930.660.970.870.960.950.91
0.92-0.440.890.910.910.860.80.930.870.850.840.870.930.73-0.14-0.770.92-0.370.920.560.920.870.950.910.91
0.98-0.560.880.970.970.970.70.950.890.960.910.820.930.87-0.1-0.830.92-0.320.960.710.990.960.950.970.95
1.0-0.560.871.00.950.980.750.930.930.950.930.790.90.89-0.01-0.850.9-0.260.990.580.970.950.910.970.99
0.99-0.530.840.990.930.960.780.910.940.910.90.820.90.850.0-0.810.88-0.280.990.510.950.910.910.950.99
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Nantong Haixing Account Relationship Matchups

Nantong Haixing fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.6B1.6B2.3B2.4B2.4B1.8B
Other Current Liab15.3M32.4M19.1M121.3K77.9K74.1K
Total Current Liabilities265.0M355.4M321.4M344.0M356.5M323.5M
Total Stockholder Equity1.3B1.2B2.0B2.0B2.0B1.5B
Other Liab8.6M22.0M29.3M32.8M37.7M20.9M
Net Tangible Assets744.1M1.2B1.2B1.9B2.2B1.2B
Retained Earnings600.2M569.9M635.1M580.8M525.5M612.8M
Accounts Payable211.2M269.8M248.1M296.8M309.8M242.1M
Cash505.2M343.1M510.0M681.4M547.9M473.3M
Non Current Assets Total359.9M483.7M551.3M643.0M752.4M510.6M
Other Assets3.7M5.6M9.5M32.9M37.8M39.7M
Net Receivables398.7M310.3M347.7M348.4M367.3M368.2M
Non Current Liabilities Total47.0M29.3M32.8M45.7M48.9M32.1M
Inventory93.0M108.6M141.7M220.4M205.8M137.8M
Other Current Assets5.8M5.4M6.3M12.2M5.2M7.0M
Other Stockholder Equity5.0M6.9M1.0M(1.0M)(913.9K)(868.2K)
Total Liab312.0M384.7M354.2M389.6M405.4M355.6M
Short Long Term Debt58M57.5M10.0M20.0M18.0M26.5M
Total Current Assets1.2B1.1B1.8B1.8B1.6B1.3B
Intangible Assets38.2M37.2M36.1M37.3M63.9M44.5M
Property Plant Equipment283.9M316.1M437.1M482.3M554.6M373.7M
Net Invested Capital1.3B1.2B2.0B2.0B2.0B1.6B
Net Working Capital974.6M792.4M1.5B1.4B1.3B1.1B

Currently Active Assets on Macroaxis

Other Information on Investing in Nantong Stock

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