Kingclean Other Liab vs Net Receivables Analysis

603355 Stock   22.63  0.03  0.13%   
Kingclean Electric financial indicator trend analysis is infinitely more than just investigating Kingclean Electric recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kingclean Electric is a good investment. Please check the relationship between Kingclean Electric Other Liab and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kingclean Electric 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 nation.

Other Liab vs Net Receivables

Other Liab vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kingclean Electric Other Liab account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Kingclean Electric's Other Liab and Net Receivables is 0.77. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Kingclean Electric Co, assuming nothing else is changed. The correlation between historical values of Kingclean Electric's Other Liab and Net Receivables 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 Liab of Kingclean Electric Co are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Liab i.e., Kingclean Electric's Other Liab and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Liab

Net Receivables

Most indicators from Kingclean Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kingclean Electric 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 Kingclean Electric 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 nation.
As of November 26, 2024, Selling General Administrative is expected to decline to about 512.4 M. In addition to that, Tax Provision is expected to decline to about 76.3 M
 2021 2022 2023 2024 (projected)
Operating Income652.9M816.2M982.7M628.2M
Total Revenue7.9B8.9B8.8B6.3B

Kingclean Electric fundamental ratios Correlations

0.870.840.880.820.830.760.860.890.960.90.770.850.60.960.940.760.680.660.810.8-0.80.990.93-0.810.84
0.870.960.730.920.680.770.90.970.860.90.860.950.750.870.840.790.50.660.950.9-0.720.880.91-0.830.88
0.840.960.680.940.640.660.960.960.80.790.950.990.670.810.80.770.610.680.950.87-0.670.890.87-0.830.9
0.880.730.680.60.990.720.790.790.90.750.70.680.240.770.70.740.80.570.570.71-0.870.830.7-0.680.63
0.820.920.940.60.560.750.870.920.770.810.830.940.690.780.780.740.520.790.920.76-0.610.870.84-0.880.87
0.830.680.640.990.560.740.750.750.870.720.690.630.150.690.630.720.830.570.50.65-0.870.790.63-0.660.55
0.760.770.660.720.750.740.60.790.830.890.570.640.40.670.640.810.540.690.580.64-0.840.740.68-0.830.54
0.860.90.960.790.870.750.60.940.820.720.950.960.530.790.770.760.740.650.880.85-0.710.890.83-0.80.89
0.890.970.960.790.920.750.790.940.90.880.890.960.620.850.840.890.640.660.90.93-0.830.910.9-0.870.89
0.960.860.80.90.770.870.830.820.90.930.760.810.510.90.890.830.70.60.740.86-0.910.930.88-0.750.76
0.90.90.790.750.810.720.890.720.880.930.690.790.70.90.890.770.470.590.80.82-0.810.880.91-0.780.74
0.770.860.950.70.830.690.570.950.890.760.690.920.480.710.690.680.740.650.840.8-0.660.830.74-0.70.78
0.850.950.990.680.940.630.640.960.960.810.790.920.70.830.830.770.590.660.960.88-0.670.90.89-0.840.94
0.60.750.670.240.690.150.40.530.620.510.70.480.70.760.780.35-0.070.290.850.64-0.240.60.82-0.530.74
0.960.870.810.770.780.690.670.790.850.90.90.710.830.760.980.680.470.530.850.81-0.680.930.97-0.730.83
0.940.840.80.70.780.630.640.770.840.890.890.690.830.780.980.680.450.480.850.82-0.680.920.98-0.720.86
0.760.790.770.740.740.720.810.760.890.830.770.680.770.350.680.680.630.530.640.86-0.910.760.73-0.830.71
0.680.50.610.80.520.830.540.740.640.70.470.740.59-0.070.470.450.630.590.390.5-0.750.710.44-0.60.5
0.660.660.680.570.790.570.690.650.660.60.590.650.660.290.530.480.530.590.570.36-0.460.720.5-0.720.54
0.810.950.950.570.920.50.580.880.90.740.80.840.960.850.850.850.640.390.570.85-0.540.840.91-0.760.93
0.80.90.870.710.760.650.640.850.930.860.820.80.880.640.810.820.860.50.360.85-0.810.790.88-0.690.84
-0.8-0.72-0.67-0.87-0.61-0.87-0.84-0.71-0.83-0.91-0.81-0.66-0.67-0.24-0.68-0.68-0.91-0.75-0.46-0.54-0.81-0.77-0.70.71-0.61
0.990.880.890.830.870.790.740.890.910.930.880.830.90.60.930.920.760.710.720.840.79-0.770.92-0.830.86
0.930.910.870.70.840.630.680.830.90.880.910.740.890.820.970.980.730.440.50.910.88-0.70.92-0.790.91
-0.81-0.83-0.83-0.68-0.88-0.66-0.83-0.8-0.87-0.75-0.78-0.7-0.84-0.53-0.73-0.72-0.83-0.6-0.72-0.76-0.690.71-0.83-0.79-0.8
0.840.880.90.630.870.550.540.890.890.760.740.780.940.740.830.860.710.50.540.930.84-0.610.860.91-0.8
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Kingclean Electric Account Relationship Matchups

Kingclean Electric fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.4B7.1B8.9B10.6B12.6B6.5B
Other Current Liab205.7M338.8M665.9M532.6M612.5M643.1M
Total Current Liabilities2.0B3.4B4.8B4.8B6.8B7.1B
Total Stockholder Equity3.2B3.4B3.2B3.8B4.4B3.1B
Other Liab10.8M11.9M272.7M295.6M340.0M357.0M
Retained Earnings2.0B2.2B1.9B2.0B2.6B1.8B
Accounts Payable1.6B2.4B2.5B1.7B1.8B1.5B
Cash2.0B2.7B2.9B4.5B5.9B6.2B
Other Assets73.5M68.0M112.6M165.9M190.8M200.3M
Net Receivables1.1B1.4B1.6B1.7B1.9B1.3B
Inventory614.8M911.7M1.5B1.1B1.3B833.6M
Other Current Assets54.6M113.4M111.5M122.6M223.6M234.8M
Total Liab2.2B3.7B5.7B6.7B8.2B8.6B
Intangible Assets151.9M149.0M231.2M211.9M207.5M194.3M
Property Plant Equipment943.6M954.3M1.6B1.7B2.0B1.1B
Net Tangible Assets3.0B3.3B2.4B2.9B3.4B3.1B
Other Stockholder Equity(2.9M)(3.5M)525.3K12.7M14.6M15.3M
Deferred Long Term Liab37.6M21.9M10.7M46.5M53.5M56.2M
Total Current Assets4.0B5.9B6.3B7.8B9.6B5.8B
Non Current Assets Total1.4B1.2B2.6B2.8B3.0B2.0B
Non Currrent Assets Other1.2B200.2M7.2M7.5M11.5M10.9M
Non Current Liabilities Total211.9M272.7M854.3M2.0B1.4B1.5B
Net Invested Capital3.4B3.4B5.1B7.6B8.4B5.3B
Net Working Capital2.0B2.5B1.5B3.0B2.8B2.4B

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Other Information on Investing in Kingclean Stock

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