603600 Inventory vs Retained Earnings Analysis

603600 Stock

11.21 0.27 2.35%

UE Furniture financial indicator trend analysis is much more than just breaking down UE Furniture prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether UE Furniture is a good investment. Please check the relationship between UE Furniture Inventory and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in UE Furniture 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 board of governors.

Inventory vs Retained Earnings

Inventory vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of UE Furniture Inventory account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.

The correlation between UE Furniture's Inventory and Retained Earnings is 0.64. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of UE Furniture Co, assuming nothing else is changed. The correlation between historical values of UE Furniture's Inventory and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of UE Furniture Co are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Inventory i.e., UE Furniture's Inventory and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.64

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Inventory

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from UE Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into UE Furniture 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 UE Furniture 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 board of governors.

The current year's Selling General Administrative is expected to grow to about 354.7 M, whereas Tax Provision is forecasted to decline to about 27.9 M.

	2021	2022	2023	2024 (projected)
Operating Income	213.9M	300.2M	227.9M	169.8M
Total Revenue	4.7B	4.1B	3.5B	2.4B

Operating Income Total Revenue

UE Furniture fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Common Stock Shares Outstanding	Net Invested Capital
Total Assets		-0.15	0.94	0.86	0.82	0.92	0.81	0.83	0.96	0.0	0.9	0.77	0.95	0.77	0.91	0.89	0.83	0.95	0.92	0.82	0.97	0.94	0.95	0.75	0.85	0.95
Other Current Liab	-0.15		0.01	-0.46	-0.49	-0.03	-0.43	-0.4	-0.12	-0.03	0.08	0.24	0.01	-0.54	-0.04	-0.39	-0.4	-0.2	-0.17	-0.27	-0.14	-0.28	-0.2	-0.11	-0.4	-0.27
Total Current Liabilities	0.94	0.01		0.73	0.7	0.97	0.66	0.71	0.93	0.03	0.99	0.78	1.0	0.68	0.79	0.81	0.78	0.85	0.81	0.68	0.97	0.87	0.85	0.66	0.73	0.89
Total Stockholder Equity	0.86	-0.46	0.73		0.97	0.73	0.96	0.95	0.82	-0.1	0.68	0.62	0.74	0.95	0.81	0.97	0.91	0.89	0.87	0.83	0.86	0.89	0.87	0.7	0.96	0.92
Retained Earnings	0.82	-0.49	0.7	0.97		0.67	0.96	0.96	0.75	-0.17	0.64	0.52	0.71	0.97	0.72	0.98	0.94	0.81	0.85	0.78	0.81	0.89	0.79	0.75	0.89	0.9
Accounts Payable	0.92	-0.03	0.97	0.73	0.67		0.62	0.68	0.95	0.15	0.98	0.79	0.96	0.64	0.83	0.77	0.69	0.85	0.79	0.73	0.95	0.79	0.85	0.54	0.73	0.82
Cash	0.81	-0.43	0.66	0.96	0.96	0.62		0.93	0.7	-0.27	0.58	0.57	0.67	0.93	0.74	0.95	0.92	0.83	0.83	0.74	0.79	0.89	0.81	0.81	0.9	0.9
Other Assets	0.83	-0.4	0.71	0.95	0.96	0.68	0.93		0.76	-0.14	0.67	0.58	0.72	0.91	0.76	0.94	0.89	0.8	0.87	0.8	0.8	0.86	0.78	0.73	0.85	0.87
Net Receivables	0.96	-0.12	0.93	0.82	0.75	0.95	0.7	0.76		0.15	0.92	0.8	0.93	0.7	0.92	0.82	0.74	0.94	0.88	0.84	0.96	0.84	0.94	0.56	0.84	0.88
Short Term Investments	0.0	-0.03	0.03	-0.1	-0.17	0.15	-0.27	-0.14	0.15		0.08	-0.17	0.02	-0.25	-0.03	-0.16	-0.19	-0.03	-0.16	-0.03	-0.01	-0.19	0.01	-0.3	-0.1	-0.15
Inventory	0.9	0.08	0.99	0.68	0.64	0.98	0.58	0.67	0.92	0.08		0.8	0.98	0.61	0.78	0.76	0.71	0.81	0.77	0.67	0.94	0.79	0.81	0.58	0.69	0.82
Other Current Assets	0.77	0.24	0.78	0.62	0.52	0.79	0.57	0.58	0.8	-0.17	0.8		0.78	0.5	0.79	0.63	0.51	0.77	0.71	0.65	0.8	0.64	0.73	0.46	0.69	0.69
Total Liab	0.95	0.01	1.0	0.74	0.71	0.96	0.67	0.72	0.93	0.02	0.98	0.78		0.68	0.79	0.82	0.79	0.86	0.81	0.68	0.97	0.88	0.86	0.69	0.74	0.89
Intangible Assets	0.77	-0.54	0.68	0.95	0.97	0.64	0.93	0.91	0.7	-0.25	0.61	0.5	0.68		0.65	0.96	0.94	0.78	0.79	0.72	0.79	0.88	0.76	0.67	0.9	0.89
Common Stock	0.91	-0.04	0.79	0.81	0.72	0.83	0.74	0.76	0.92	-0.03	0.78	0.79	0.79	0.65		0.77	0.65	0.93	0.92	0.88	0.86	0.79	0.93	0.58	0.82	0.81
Property Plant Equipment	0.89	-0.39	0.81	0.97	0.98	0.77	0.95	0.94	0.82	-0.16	0.76	0.63	0.82	0.96	0.77		0.97	0.88	0.86	0.77	0.9	0.95	0.87	0.78	0.93	0.96
Other Liab	0.83	-0.4	0.78	0.91	0.94	0.69	0.92	0.89	0.74	-0.19	0.71	0.51	0.79	0.94	0.65	0.97		0.82	0.78	0.64	0.85	0.94	0.81	0.82	0.87	0.95
Net Tangible Assets	0.95	-0.2	0.85	0.89	0.81	0.85	0.83	0.8	0.94	-0.03	0.81	0.77	0.86	0.78	0.93	0.88	0.82		0.88	0.81	0.95	0.91	1.0	0.7	0.94	0.94
Deferred Long Term Liab	0.92	-0.17	0.81	0.87	0.85	0.79	0.83	0.87	0.88	-0.16	0.77	0.71	0.81	0.79	0.92	0.86	0.78	0.88		0.95	0.85	0.87	0.87	0.71	0.8	0.87
Long Term Investments	0.82	-0.27	0.68	0.83	0.78	0.73	0.74	0.8	0.84	-0.03	0.67	0.65	0.68	0.72	0.88	0.77	0.64	0.81	0.95		0.76	0.71	0.8	0.51	0.77	0.73
Total Current Assets	0.97	-0.14	0.97	0.86	0.81	0.95	0.79	0.8	0.96	-0.01	0.94	0.8	0.97	0.79	0.86	0.9	0.85	0.95	0.85	0.76		0.92	0.94	0.69	0.88	0.95
Non Current Assets Total	0.94	-0.28	0.87	0.89	0.89	0.79	0.89	0.86	0.84	-0.19	0.79	0.64	0.88	0.88	0.79	0.95	0.94	0.91	0.87	0.71	0.92		0.91	0.86	0.87	0.99
Non Currrent Assets Other	0.95	-0.2	0.85	0.87	0.79	0.85	0.81	0.78	0.94	0.01	0.81	0.73	0.86	0.76	0.93	0.87	0.81	1.0	0.87	0.8	0.94	0.91		0.68	0.92	0.93
Non Current Liabilities Total	0.75	-0.11	0.66	0.7	0.75	0.54	0.81	0.73	0.56	-0.3	0.58	0.46	0.69	0.67	0.58	0.78	0.82	0.7	0.71	0.51	0.69	0.86	0.68		0.62	0.83
Common Stock Shares Outstanding	0.85	-0.4	0.73	0.96	0.89	0.73	0.9	0.85	0.84	-0.1	0.69	0.69	0.74	0.9	0.82	0.93	0.87	0.94	0.8	0.77	0.88	0.87	0.92	0.62		0.91
Net Invested Capital	0.95	-0.27	0.89	0.92	0.9	0.82	0.9	0.87	0.88	-0.15	0.82	0.69	0.89	0.89	0.81	0.96	0.95	0.94	0.87	0.73	0.95	0.99	0.93	0.83	0.91

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UE Furniture Account Relationship Matchups

UE Furniture fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	3.2B	3.2B	3.0B	3.4B	1.8B
Other Current Liab	26.1M	29.2M	53.9M	29.3M	2.1M	2.0M
Total Current Liabilities	650.7M	1.8B	1.7B	1.1B	1.2B	748.7M
Total Stockholder Equity	1.2B	1.4B	1.4B	1.8B	2.2B	2.3B
Retained Earnings	388.0M	560.0M	666.3M	817.6M	995.6M	1.0B
Accounts Payable	487.8M	1.2B	838.6M	623.5M	657.8M	470.6M
Cash	253.2M	309.9M	404.5M	688.5M	663.9M	697.1M
Other Assets	17.9M	17.2M	21.4M	30.5M	35.1M	36.8M
Net Receivables	462.3M	674.2M	587.7M	406.2M	580.7M	335.5M
Short Term Investments	195.9M	160.6M	4.4M	4.9K	5.7K	5.4K
Inventory	292.2M	770.3M	714.4M	406.7M	396.5M	310.1M
Other Current Assets	50.6M	163.2M	203.4M	108.2M	93.8M	82.2M
Total Liab	657.7M	1.8B	1.8B	1.2B	1.2B	765.4M
Intangible Assets	75.7M	177.9M	199.9M	209.1M	370.1M	388.6M
Common Stock	253.0M	302.7M	302.5M	302.5M	347.9M	196.3M
Property Plant Equipment	446.3M	541.9M	822.2M	1.0B	1.2B	1.2B
Other Liab	811.9K	7.0M	11.6M	17.4M	20.0M	21.0M
Net Tangible Assets	1.1B	1.2B	1.2B	1.2B	1.4B	1.0B
Deferred Long Term Liab	13.3M	12.8M	15.7M	19.5M	22.5M	14.3M
Total Current Assets	1.3B	2.2B	2.0B	1.6B	1.9B	1.5B
Non Current Assets Total	651.8M	1.0B	1.3B	1.3B	1.5B	979.4M
Non Current Liabilities Total	7.0M	11.6M	50.2M	82.7M	38.9M	26.5M
Net Invested Capital	1.3B	1.9B	2.2B	2.1B	2.4B	1.8B
Net Working Capital	603.5M	374.5M	246.8M	517.1M	683.6M	522.9M
Short Long Term Debt	60.6M	460.5M	723.4M	327.8M	251.6M	334.8M

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Other Information on Investing in 603600 Stock

Balance Sheet is a snapshot of the financial position of UE Furniture at a specified time, usually calculated after every quarter, six months, or one year. UE Furniture Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of UE Furniture 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 603600 currently owns. An asset can also be divided into two categories, current and non-current.

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603600 Inventory vs Retained Earnings Analysis

Inventory vs Retained Earnings

Inventory vs Retained Earnings Correlation Analysis

Correlation Coefficient

Inventory

Retained Earnings

UE Furniture fundamental ratios Correlations

UE Furniture Account Relationship Matchups

High Positive Relationship

High Negative Relationship

UE Furniture fundamental ratios Accounts

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Other Information on Investing in 603600 Stock

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Total Liab	+ 1.0	Total Current Liabilities
Non Currrent Assets Other	+ 1.0	Net Tangible Assets
Inventory	+ 0.99	Total Current Liabilities
Net Invested Capital	+ 0.99	Non Current Assets Total
Property Plant Equipment	+ 0.98	Retained Earnings
Inventory	+ 0.98	Accounts Payable

Intangible Assets	- 0.54	Other Current Liab
Retained Earnings	- 0.49	Other Current Liab
Total Stockholder Equity	- 0.46	Other Current Liab
Cash	- 0.43	Other Current Liab
Common Stock Shares Outstanding	- 0.4	Other Current Liab
Other Liab	- 0.4	Other Current Liab