Nantong Net Tangible Assets vs Net Working Capital Analysis

603115 Stock

17.67 0.20 1.12%

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 Net Tangible Assets and its Net Working Capital 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 producer price index.

Net Tangible Assets vs Net Working Capital

Net Tangible Assets vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nantong Haixing Elec Net Tangible Assets account and Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Nantong Haixing's Net Tangible Assets and Net Working Capital is 0.95. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Working Capital 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 Net Tangible Assets and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Nantong Haixing Electronics are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Tangible Assets i.e., Nantong Haixing's Net Tangible Assets and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Net Working Capital

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 producer price index.

The current year's Tax Provision is expected to grow to about 23.2 M, whereas Selling General Administrative is forecasted to decline to about 35.5 M.

	2022	2023	2024	2025 (projected)
Gross Profit	439.0M	365.9M	411.5M	360.7M
Total Revenue	1.8B	1.8B	1.9B	1.5B

Gross Profit Total Revenue

Nantong Haixing fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital
Total Assets		-0.61	0.89	1.0	0.96	0.99	0.74	0.92	0.94	0.94	0.93	0.85	0.92	0.89	0.38	-0.87	0.92	-0.25	0.99	0.69	0.98	0.97	0.92	0.99	1.0	0.97
Other Current Liab	-0.61		-0.47	-0.62	-0.48	-0.58	-0.15	-0.58	-0.59	-0.68	-0.73	-0.58	-0.61	-0.78	-0.7	0.47	-0.51	0.23	-0.56	-0.64	-0.57	-0.5	-0.5	-0.62	-0.64	-0.58
Total Current Liabilities	0.89	-0.47		0.85	0.86	0.87	0.67	0.98	0.81	0.93	0.82	0.84	0.77	0.87	0.46	-0.81	1.0	-0.1	0.84	0.84	0.9	0.91	0.83	0.91	0.84	0.76
Total Stockholder Equity	1.0	-0.62	0.85		0.96	0.98	0.74	0.89	0.94	0.93	0.93	0.83	0.92	0.87	0.36	-0.87	0.88	-0.26	0.99	0.65	0.97	0.96	0.91	0.98	1.0	0.98
Other Liab	0.96	-0.48	0.86	0.96		0.97	0.67	0.91	0.87	0.92	0.84	0.77	0.91	0.85	0.3	-0.83	0.9	-0.39	0.95	0.64	0.98	0.98	0.91	0.96	0.95	0.93
Net Tangible Assets	0.99	-0.58	0.87	0.98	0.97		0.68	0.91	0.92	0.94	0.88	0.82	0.9	0.89	0.32	-0.83	0.9	-0.27	0.97	0.7	0.99	0.97	0.87	0.96	0.98	0.95
Retained Earnings	0.74	-0.15	0.67	0.74	0.67	0.68		0.61	0.82	0.54	0.66	0.77	0.69	0.42	0.13	-0.68	0.69	0.05	0.8	0.29	0.69	0.66	0.81	0.73	0.73	0.78
Accounts Payable	0.92	-0.58	0.98	0.89	0.91	0.91	0.61		0.83	0.97	0.85	0.84	0.84	0.93	0.52	-0.78	0.99	-0.27	0.87	0.85	0.94	0.94	0.86	0.94	0.88	0.8
Cash	0.94	-0.59	0.81	0.94	0.87	0.92	0.82	0.83		0.84	0.85	0.89	0.92	0.79	0.3	-0.8	0.85	-0.09	0.96	0.59	0.91	0.86	0.88	0.91	0.94	0.94
Non Current Assets Total	0.94	-0.68	0.93	0.93	0.92	0.94	0.54	0.97	0.84		0.91	0.8	0.84	0.96	0.49	-0.84	0.95	-0.23	0.89	0.86	0.94	0.95	0.83	0.94	0.92	0.84
Other Assets	0.93	-0.73	0.82	0.93	0.84	0.88	0.66	0.85	0.85	0.91		0.77	0.79	0.88	0.58	-0.89	0.84	-0.17	0.91	0.69	0.88	0.88	0.85	0.93	0.95	0.91
Net Receivables	0.85	-0.58	0.84	0.83	0.77	0.82	0.77	0.84	0.89	0.8	0.77		0.89	0.73	0.4	-0.65	0.87	-0.14	0.85	0.74	0.86	0.75	0.87	0.88	0.83	0.81
Non Current Liabilities Total	0.92	-0.61	0.77	0.92	0.91	0.9	0.69	0.84	0.92	0.84	0.79	0.89		0.78	0.3	-0.7	0.83	-0.39	0.92	0.63	0.93	0.85	0.94	0.93	0.91	0.91
Inventory	0.89	-0.78	0.87	0.87	0.85	0.89	0.42	0.93	0.79	0.96	0.88	0.73	0.78		0.61	-0.74	0.88	-0.29	0.83	0.82	0.89	0.89	0.74	0.89	0.88	0.79
Other Current Assets	0.38	-0.7	0.46	0.36	0.3	0.32	0.13	0.52	0.3	0.49	0.58	0.4	0.3	0.61		-0.3	0.46	-0.32	0.33	0.47	0.39	0.35	0.39	0.47	0.39	0.31
Other Stockholder Equity	-0.87	0.47	-0.81	-0.87	-0.83	-0.83	-0.68	-0.78	-0.8	-0.84	-0.89	-0.65	-0.7	-0.74	-0.3		-0.82	-0.06	-0.86	-0.6	-0.82	-0.87	-0.79	-0.85	-0.87	-0.83
Total Liab	0.92	-0.51	1.0	0.88	0.9	0.9	0.69	0.99	0.85	0.95	0.84	0.87	0.83	0.88	0.46	-0.82		-0.15	0.88	0.83	0.93	0.93	0.87	0.94	0.88	0.8
Short Long Term Debt	-0.25	0.23	-0.1	-0.26	-0.39	-0.27	0.05	-0.27	-0.09	-0.23	-0.17	-0.14	-0.39	-0.29	-0.32	-0.06	-0.15		-0.24	-0.07	-0.34	-0.3	-0.37	-0.32	-0.26	-0.28
Total Current Assets	0.99	-0.56	0.84	0.99	0.95	0.97	0.8	0.87	0.96	0.89	0.91	0.85	0.92	0.83	0.33	-0.86	0.88	-0.24		0.6	0.97	0.95	0.93	0.97	0.99	0.99
Intangible Assets	0.69	-0.64	0.84	0.65	0.64	0.7	0.29	0.85	0.59	0.86	0.69	0.74	0.63	0.82	0.47	-0.6	0.83	-0.07	0.6		0.72	0.7	0.58	0.73	0.66	0.52
Common Stock	0.98	-0.57	0.9	0.97	0.98	0.99	0.69	0.94	0.91	0.94	0.88	0.86	0.93	0.89	0.39	-0.82	0.93	-0.34	0.97	0.72		0.97	0.92	0.99	0.97	0.94
Property Plant Equipment	0.97	-0.5	0.91	0.96	0.98	0.97	0.66	0.94	0.86	0.95	0.88	0.75	0.85	0.89	0.35	-0.87	0.93	-0.3	0.95	0.7	0.97		0.87	0.96	0.95	0.91
Long Term Debt	0.92	-0.5	0.83	0.91	0.91	0.87	0.81	0.86	0.88	0.83	0.85	0.87	0.94	0.74	0.39	-0.79	0.87	-0.37	0.93	0.58	0.92	0.87		0.95	0.92	0.92
Common Stock Shares Outstanding	0.99	-0.62	0.91	0.98	0.96	0.96	0.73	0.94	0.91	0.94	0.93	0.88	0.93	0.89	0.47	-0.85	0.94	-0.32	0.97	0.73	0.99	0.96	0.95		0.98	0.94
Net Invested Capital	1.0	-0.64	0.84	1.0	0.95	0.98	0.73	0.88	0.94	0.92	0.95	0.83	0.91	0.88	0.39	-0.87	0.88	-0.26	0.99	0.66	0.97	0.95	0.92	0.98		0.98
Net Working Capital	0.97	-0.58	0.76	0.98	0.93	0.95	0.78	0.8	0.94	0.84	0.91	0.81	0.91	0.79	0.31	-0.83	0.8	-0.28	0.99	0.52	0.94	0.91	0.92	0.94	0.98

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Nantong Haixing Account Relationship Matchups

Nantong Haixing fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.6B	2.3B	2.4B	2.4B	2.6B	1.9B
Other Current Liab	32.4M	19.1M	121.3K	77.9K	157.3K	149.4K
Total Current Liabilities	355.4M	321.4M	344.0M	356.5M	538.7M	353.4M
Total Stockholder Equity	1.2B	2.0B	2.0B	2.0B	2.0B	1.5B
Other Liab	8.6M	22.0M	29.3M	32.8M	37.7M	20.9M
Net Tangible Assets	744.1M	1.2B	1.2B	1.9B	2.2B	1.2B
Retained Earnings	569.9M	635.1M	580.8M	525.5M	553.8M	612.4M
Accounts Payable	269.8M	248.1M	296.8M	309.8M	474.4M	273.2M
Cash	343.1M	510.0M	681.4M	547.9M	577.6M	491.3M
Non Current Assets Total	483.7M	551.3M	643.0M	752.4M	905.1M	564.5M
Other Assets	3.7M	5.6M	9.5M	32.9M	37.8M	39.7M
Net Receivables	310.3M	347.7M	348.4M	367.3M	416.7M	378.3M
Non Current Liabilities Total	29.3M	32.8M	45.7M	48.9M	45.0M	34.1M
Inventory	108.6M	141.7M	220.4M	205.8M	282.8M	157.0M
Other Current Assets	5.4M	6.3M	12.2M	5.2M	17.8M	18.7M
Other Stockholder Equity	5.0M	6.9M	1.0M	(1.0M)	(913.9K)	(868.2K)
Total Liab	384.7M	354.2M	389.6M	405.4M	583.7M	387.4M
Total Current Assets	1.1B	1.8B	1.8B	1.6B	1.7B	1.4B
Intangible Assets	37.2M	36.1M	37.3M	63.9M	78.5M	49.1M
Property Plant Equipment	283.9M	316.1M	437.1M	482.3M	554.6M	373.7M
Net Invested Capital	1.2B	2.0B	2.0B	2.0B	2.0B	1.7B
Net Working Capital	792.4M	1.5B	1.4B	1.3B	1.2B	1.1B
Property Plant And Equipment Net	437.1M	482.3M	582.7M	677.0M	799.0M	603.9M
Short Term Investments	110.3M	550.1M	220.3M	221.1M	254.2M	294.5M
Property Plant And Equipment Gross	900.8M	976.0M	1.1B	1.3B	799.0M	1.1B

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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.

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Nantong Net Tangible Assets vs Net Working Capital Analysis

Net Tangible Assets vs Net Working Capital

Net Tangible Assets vs Net Working Capital Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Net Working Capital

Nantong Haixing fundamental ratios Correlations

Nantong Haixing Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nantong Haixing fundamental ratios Accounts

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Other Information on Investing in Nantong Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Net Tangible Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets

Other Stockholder Equity	- 0.89	Other Assets
Net Invested Capital	- 0.87	Other Stockholder Equity
Property Plant Equipment	- 0.87	Other Stockholder Equity
Other Stockholder Equity	- 0.87	Total Stockholder Equity
Other Stockholder Equity	- 0.87	Total Assets
Total Current Assets	- 0.86	Other Stockholder Equity