Nanjing Total Assets vs Short Term Investments Analysis

603326 Stock   6.92  0.10  1.47%   
Nanjing OLO financial indicator trend analysis is infinitely more than just investigating Nanjing OLO Home recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nanjing OLO Home is a good investment. Please check the relationship between Nanjing OLO Total Assets and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nanjing OLO Home. 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 Assets vs Short Term Investments

Total Assets vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nanjing OLO Home Total Assets account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Nanjing OLO's Total Assets and Short Term Investments is -0.29. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Nanjing OLO Home, assuming nothing else is changed. The correlation between historical values of Nanjing OLO's Total Assets and Short Term Investments 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 Assets of Nanjing OLO Home are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Total Assets i.e., Nanjing OLO's Total Assets and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.29
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Assets

Total assets refers to the total amount of Nanjing OLO assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Nanjing OLO Home books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Short Term Investments

Short Term Investments is an item under the current assets section of Nanjing OLO balance sheet. It contains any investments Nanjing OLO Home undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Nanjing OLO Home can easily liquidate in the marketplace.
Most indicators from Nanjing OLO's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nanjing OLO Home 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 Nanjing OLO Home. 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 Tax Provision is expected to grow to about 12.1 M, whereas Selling General Administrative is forecasted to decline to about 248.8 M.
 2021 2022 2023 2024 (projected)
Operating Income197.1M201.8M273.8M153.4M
Total Revenue1.7B1.7B1.7B1.1B

Nanjing OLO fundamental ratios Correlations

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0.750.760.690.640.780.40.260.75-0.160.790.330.740.750.710.540.340.730.660.65-0.760.60.420.7-0.120.47
0.970.760.860.820.950.810.70.62-0.260.920.480.990.920.920.890.740.980.840.94-0.820.910.80.930.270.88
0.950.690.860.960.910.840.640.77-0.280.880.620.840.970.960.850.580.90.970.87-0.840.740.580.930.210.79
0.920.640.820.960.870.790.630.77-0.350.870.50.810.920.920.830.580.890.950.85-0.880.720.610.890.190.82
0.950.780.950.910.870.80.580.67-0.220.880.560.910.950.940.840.550.960.910.86-0.830.770.610.970.240.79
0.850.40.810.840.790.80.880.53-0.250.770.570.80.840.840.960.710.850.860.86-0.710.780.660.890.670.86
0.730.260.70.640.630.580.880.35-0.310.650.30.750.660.70.910.910.740.630.86-0.630.860.810.660.680.9
0.70.750.620.770.770.670.530.35-0.230.830.360.580.680.70.620.270.680.780.61-0.850.460.380.70.120.49
-0.29-0.16-0.26-0.28-0.35-0.22-0.25-0.31-0.23-0.36-0.21-0.28-0.29-0.26-0.35-0.31-0.35-0.36-0.40.38-0.34-0.35-0.29-0.15-0.4
0.940.790.920.880.870.880.770.650.83-0.360.510.910.880.890.870.660.940.880.91-0.890.820.740.90.250.82
0.540.330.480.620.50.560.570.30.36-0.210.510.430.580.590.470.190.450.630.43-0.210.290.180.580.160.34
0.960.740.990.840.810.910.80.750.58-0.280.910.430.90.910.890.820.970.80.96-0.810.950.860.890.260.92
0.970.750.920.970.920.950.840.660.68-0.290.880.580.90.960.870.630.940.950.9-0.840.810.610.960.220.81
0.980.710.920.960.920.940.840.70.7-0.260.890.590.910.960.880.680.940.910.92-0.820.830.710.920.20.86
0.910.540.890.850.830.840.960.910.62-0.350.870.470.890.870.880.810.930.870.95-0.830.890.790.90.60.94
0.740.340.740.580.580.550.710.910.27-0.310.660.190.820.630.680.810.730.510.88-0.590.940.930.570.370.91
0.980.730.980.90.890.960.850.740.68-0.350.940.450.970.940.940.930.730.90.96-0.90.90.790.960.330.91
0.920.660.840.970.950.910.860.630.78-0.360.880.630.80.950.910.870.510.90.84-0.860.690.520.960.330.76
0.960.650.940.870.850.860.860.860.61-0.40.910.430.960.90.920.950.880.960.84-0.850.970.880.870.370.97
-0.86-0.76-0.82-0.84-0.88-0.83-0.71-0.63-0.850.38-0.89-0.21-0.81-0.84-0.82-0.83-0.59-0.9-0.86-0.85-0.77-0.64-0.85-0.29-0.79
0.890.60.910.740.720.770.780.860.46-0.340.820.290.950.810.830.890.940.90.690.97-0.770.930.770.330.95
0.760.420.80.580.610.610.660.810.38-0.350.740.180.860.610.710.790.930.790.520.88-0.640.930.610.30.92
0.950.70.930.930.890.970.890.660.7-0.290.90.580.890.960.920.90.570.960.960.87-0.850.770.610.380.81
0.24-0.120.270.210.190.240.670.680.12-0.150.250.160.260.220.20.60.370.330.330.37-0.290.330.30.380.44
0.890.470.880.790.820.790.860.90.49-0.40.820.340.920.810.860.940.910.910.760.97-0.790.950.920.810.44
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Nanjing OLO Account Relationship Matchups

Nanjing OLO fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.6B2.0B2.4B2.2B2.4B1.4B
Other Current Liab308.1M321.5M464.7M379.7M92.6M88.0M
Total Current Liabilities527.5M716.4M1.2B755.4M904.8M516.5M
Total Stockholder Equity951.6M1.1B873.9M1.0B1.1B691.7M
Retained Earnings386.8M543.0M284.5M425.1M484.2M271.5M
Accounts Payable162.6M300.1M320.3M189.0M233.8M157.8M
Cash235.5M308.8M377.7M297.6M544.4M571.7M
Other Assets53.2M54.6M179.5M299.3M344.1M361.3M
Net Receivables308.9M195.4M160.8M193.3M101.6M135.6M
Inventory109.2M89.1M117.6M102.4M101.5M78.2M
Other Current Assets48.4M54.1M68.5M20.7M85.7M51.1M
Total Liab607.3M860.0M1.5B1.2B1.3B659.6M
Intangible Assets38.5M58.8M56.8M55.0M55.5M37.3M
Common Stock226.2M316.5M322.1M315.5M362.8M188.7M
Property Plant Equipment553.7M704.3M842.8M1.1B1.3B1.3B
Other Liab79.7M122.3M148.6M113.3M130.3M86.3M
Net Tangible Assets787.7M913.1M1.1B817.1M939.7M837.4M
Non Current Assets Total796.1M956.2M1.3B1.5B1.5B1.0B
Non Currrent Assets Other6.6M3.9M10.8M2.2M18.7M14.6M
Non Current Liabilities Total79.7M143.6M383.6M421.1M390.1M206.7M
Deferred Long Term Liab25.0M22.5M35.7M35.4M40.7M27.2M
Total Current Assets762.8M1.0B1.1B701.5M945.1M828.3M
Common Stock Shares Outstanding316.3M316.5M322.1M315.5M322.9M349.8M
Net Invested Capital951.6M1.2B1.3B1.4B1.6B1.3B
Non Current Liabilities Other64.6M109.3M132.7M98.4M35.7M33.9M
Net Working Capital235.3M307.2M(89.8M)(54.0M)40.4M38.4M
Capital Stock226.2M316.5M322.1M315.5M323.4M317.1M

Currently Active Assets on Macroaxis

Other Information on Investing in Nanjing Stock

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