WuXi Selling General Administrative vs Minority Interest Analysis

603416 Stock   46.18  1.48  3.31%   
WuXi Xinje financial indicator trend analysis is more than just analyzing WuXi Xinje Electric current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WuXi Xinje Electric is a good investment. Please check the relationship between WuXi Xinje Selling General Administrative and its Minority Interest accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in WuXi Xinje Electric. 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.

Selling General Administrative vs Minority Interest

Selling General Administrative vs Minority Interest Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WuXi Xinje Electric Selling General Administrative account and Minority Interest. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between WuXi Xinje's Selling General Administrative and Minority Interest is -0.07. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Minority Interest in the same time period over historical financial statements of WuXi Xinje Electric, assuming nothing else is changed. The correlation between historical values of WuXi Xinje's Selling General Administrative and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of WuXi Xinje Electric are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Selling General Administrative i.e., WuXi Xinje's Selling General Administrative and Minority Interest go up and down completely randomly.

Correlation Coefficient

-0.07
Relationship DirectionNegative 
Relationship StrengthInsignificant

Selling General Administrative

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of WuXi Xinje Electric whose combined shares represent less than 50% of the total outstanding shares issued by WuXi Xinje have a minority interest in WuXi Xinje.
Most indicators from WuXi Xinje's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WuXi Xinje 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 WuXi Xinje Electric. 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 21.4 M, whereas Selling General Administrative is forecasted to decline to about 57 M.
 2022 2023 2024 2025 (projected)
Operating Income238.8M220.7M253.8M172.2M
Total Revenue1.3B1.5B1.7B1.8B

WuXi Xinje fundamental ratios Correlations

0.060.971.00.990.970.580.990.320.960.00.980.780.770.980.960.930.440.980.940.920.650.84-0.60.460.91
0.060.150.040.00.14-0.290.03-0.450.260.00.140.270.250.02-0.140.190.54-0.080.190.120.15-0.130.40.03-0.01
0.970.150.950.981.00.50.980.140.99-0.111.00.70.680.980.920.90.40.950.920.940.580.84-0.580.560.92
1.00.040.950.990.950.60.990.390.940.040.960.80.790.970.970.930.450.970.940.910.660.83-0.60.420.9
0.990.00.980.990.970.571.00.310.96-0.010.980.740.720.990.970.920.370.990.930.930.630.86-0.620.480.93
0.970.141.00.950.970.50.980.130.99-0.111.00.690.670.980.920.90.390.950.920.940.570.85-0.570.560.93
0.58-0.290.50.60.570.50.540.410.44-0.150.510.30.390.540.660.51-0.020.550.520.450.160.53-0.460.380.5
0.990.030.980.991.00.980.540.310.96-0.010.980.760.740.990.970.920.390.990.930.930.630.87-0.610.480.93
0.32-0.450.140.390.310.130.410.310.10.270.150.570.590.250.450.340.30.360.320.230.310.33-0.2-0.140.24
0.960.260.990.940.960.990.440.960.1-0.060.990.730.710.960.880.910.460.920.930.930.610.81-0.510.520.9
0.00.0-0.110.04-0.01-0.11-0.15-0.010.27-0.06-0.10.270.25-0.06-0.020.070.260.040.04-0.070.73-0.10.11-0.81-0.08
0.980.141.00.960.981.00.510.980.150.99-0.10.70.680.980.930.90.40.950.920.940.580.84-0.580.560.92
0.780.270.70.80.740.690.30.760.570.730.270.70.960.70.720.840.710.720.830.750.710.62-0.20.140.67
0.770.250.680.790.720.670.390.740.590.710.250.680.960.680.710.830.690.70.820.730.680.6-0.20.150.66
0.980.020.980.970.990.980.540.990.250.96-0.060.980.70.680.960.910.340.980.920.930.590.88-0.60.530.94
0.96-0.140.920.970.970.920.660.970.450.88-0.020.930.720.710.960.870.340.980.890.870.560.88-0.660.460.89
0.930.190.90.930.920.90.510.920.340.910.070.90.840.830.910.870.510.91.00.960.680.88-0.310.460.94
0.440.540.40.450.370.39-0.020.390.30.460.260.40.710.690.340.340.510.350.50.40.540.20.04-0.140.26
0.98-0.080.950.970.990.950.550.990.360.920.040.950.720.70.980.980.90.350.910.910.650.89-0.640.430.92
0.940.190.920.940.930.920.520.930.320.930.040.920.830.820.920.891.00.50.910.970.670.89-0.340.490.94
0.920.120.940.910.930.940.450.930.230.93-0.070.940.750.730.930.870.960.40.910.970.590.93-0.360.60.99
0.650.150.580.660.630.570.160.630.310.610.730.580.710.680.590.560.680.540.650.670.590.46-0.25-0.280.56
0.84-0.130.840.830.860.850.530.870.330.81-0.10.840.620.60.880.880.880.20.890.890.930.46-0.370.610.95
-0.60.4-0.58-0.6-0.62-0.57-0.46-0.61-0.2-0.510.11-0.58-0.2-0.2-0.6-0.66-0.310.04-0.64-0.34-0.36-0.25-0.37-0.24-0.43
0.460.030.560.420.480.560.380.48-0.140.52-0.810.560.140.150.530.460.46-0.140.430.490.6-0.280.61-0.240.62
0.91-0.010.920.90.930.930.50.930.240.9-0.080.920.670.660.940.890.940.260.920.940.990.560.95-0.430.62
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WuXi Xinje Account Relationship Matchups

WuXi Xinje fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets2.2B2.4B2.7B2.9B3.3B3.5B
Other Current Liab77.3M58.5M41.4M2.8M3.2M3.1M
Total Current Liabilities686.7M605.1M695.5M710.5M817.1M857.9M
Total Stockholder Equity1.5B1.8B2.0B2.1B2.5B2.6B
Retained Earnings1.0B1.3B1.5B1.6B1.8B1.9B
Accounts Payable571.0M497.0M609.0M597.3M686.9M721.3M
Cash103.1M134.0M324.0M345.5M397.3M417.2M
Other Assets16.0M22.2M27.0M33.5M38.5M40.5M
Net Receivables22.5M43.2M80.7M118.4M136.2M92.2M
Inventory580.7M540.3M580.2M511.1M587.8M617.2M
Other Current Assets8.0M14.7M111.4M3.5M4.0M3.8M
Total Liab704.4M625.2M730.3M743.1M854.6M897.3M
Intangible Assets62.1M61.2M62.7M62.7M72.1M48.6M
Property Plant Equipment209.1M281.6M382.7M437.0M502.5M527.6M
Other Liab18.7M17.8M18.3M33.6M38.6M40.6M
Net Tangible Assets1.1B1.4B1.7B1.9B2.2B1.3B
Other Stockholder Equity(5.4K)29.0K(140.8K)(111.2K)(127.9K)(134.3K)
Deferred Long Term Liab7.9M7.8M10.5M15.5M17.8M18.7M
Total Current Assets1.7B1.8B2.0B2.1B2.4B1.4B
Non Current Assets Total558.4M602.7M670.9M787.2M905.3M474.7M
Non Currrent Assets Other7.1M6.8M6.9M6.7M7.7M6.6M
Non Current Liabilities Total17.8M20.2M34.8M32.6M37.5M22.6M
Short Term Investments688.2M773.9M736.9M813.2M935.1M652.2M
Net Invested Capital1.5B1.8B2.0B2.2B2.5B1.7B
Net Working Capital971.6M1.2B1.3B1.4B1.6B1.2B
Property Plant And Equipment Net281.6M382.7M437.0M500.1M575.1M398.3M
Property Plant And Equipment Gross320.0M434.1M437.0M597.1M686.7M446.0M

Currently Active Assets on Macroaxis

Other Information on Investing in WuXi Stock

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