Chahua Non Current Liabilities Total vs Net Tangible Assets Analysis

603615 Stock   22.71  0.97  4.10%   
Chahua Modern financial indicator trend analysis is way more than just evaluating Chahua Modern Housewares prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chahua Modern Housewares is a good investment. Please check the relationship between Chahua Modern Non Current Liabilities Total and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chahua Modern Housewares. 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.

Non Current Liabilities Total vs Net Tangible Assets

Non Current Liabilities Total vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chahua Modern Housewares Non Current Liabilities Total account and Net Tangible Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Chahua Modern's Non Current Liabilities Total and Net Tangible Assets is 0.56. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Chahua Modern Housewares, assuming nothing else is changed. The correlation between historical values of Chahua Modern's Non Current Liabilities Total and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Chahua Modern Housewares are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Non Current Liabilities Total i.e., Chahua Modern's Non Current Liabilities Total and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.56
Relationship DirectionPositive 
Relationship StrengthWeak

Non Current Liabilities Total

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.
Most indicators from Chahua Modern's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chahua Modern Housewares 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 Chahua Modern Housewares. 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.
As of November 26, 2024, Selling General Administrative is expected to decline to about 85.3 M. In addition to that, Tax Provision is expected to decline to about 1.8 M
 2021 2022 2023 2024 (projected)
Cost Of Revenue626.2M537.6M490.8M538.8M
Research Development10.1M7.7M7.5M9.2M

Chahua Modern fundamental ratios Correlations

-0.130.720.990.820.960.910.770.920.570.320.750.810.930.850.660.970.610.920.75-0.170.950.580.4-0.26-0.72
-0.13-0.04-0.13-0.04-0.28-0.2-0.02-0.090.120.05-0.13-0.17-0.23-0.16-0.48-0.19-0.15-0.21-0.010.85-0.17-0.4-0.480.410.21
0.72-0.040.650.360.70.60.840.750.410.030.980.520.820.870.730.730.740.60.7-0.090.750.570.77-0.14-0.72
0.99-0.130.650.850.950.920.710.890.560.360.680.810.90.80.60.960.540.930.71-0.160.930.530.32-0.25-0.67
0.82-0.040.360.850.770.790.440.570.390.390.350.830.560.520.260.70.240.740.420.030.610.170.04-0.13-0.34
0.96-0.280.70.950.770.910.750.890.460.180.750.720.910.830.690.940.620.90.7-0.260.920.610.43-0.27-0.7
0.91-0.20.60.920.790.910.490.740.260.320.580.690.850.620.440.920.330.970.45-0.160.870.30.36-0.06-0.43
0.77-0.020.840.710.440.750.490.870.7-0.030.90.530.80.960.80.710.90.520.91-0.080.770.80.5-0.35-0.89
0.92-0.090.750.890.570.890.740.870.690.160.820.640.940.90.790.920.790.80.9-0.260.950.790.43-0.4-0.88
0.570.120.410.560.390.460.260.70.690.040.50.410.540.640.570.50.630.360.73-0.110.550.630.18-0.51-0.72
0.320.050.030.360.390.180.32-0.030.160.040.00.490.230.09-0.070.31-0.270.370.040.030.29-0.11-0.110.130.02
0.75-0.130.980.680.350.750.580.90.820.50.00.530.860.940.810.750.840.60.79-0.210.80.720.74-0.23-0.81
0.81-0.170.520.810.830.720.690.530.640.410.490.530.650.680.490.720.390.70.58-0.170.660.390.29-0.26-0.53
0.93-0.230.820.90.560.910.850.80.940.540.230.860.650.880.780.970.690.890.78-0.310.990.690.6-0.3-0.79
0.85-0.160.870.80.520.830.620.960.90.640.090.940.680.880.820.80.880.630.88-0.240.860.820.55-0.3-0.87
0.66-0.480.730.60.260.690.440.80.790.57-0.070.810.490.780.820.70.820.540.83-0.540.710.870.76-0.71-0.94
0.97-0.190.730.960.70.940.920.710.920.50.310.750.720.970.80.70.570.970.73-0.230.970.560.49-0.3-0.72
0.61-0.150.740.540.240.620.330.90.790.63-0.270.840.390.690.880.820.570.360.88-0.280.650.880.52-0.41-0.89
0.92-0.210.60.930.740.90.970.520.80.360.370.60.70.890.630.540.970.360.55-0.20.90.370.42-0.21-0.54
0.75-0.010.70.710.420.70.450.910.90.730.040.790.580.780.880.830.730.880.55-0.140.760.820.42-0.55-0.97
-0.170.85-0.09-0.160.03-0.26-0.16-0.08-0.26-0.110.03-0.21-0.17-0.31-0.24-0.54-0.23-0.28-0.2-0.14-0.26-0.59-0.420.470.33
0.95-0.170.750.930.610.920.870.770.950.550.290.80.660.990.860.710.970.650.90.76-0.260.660.46-0.23-0.75
0.58-0.40.570.530.170.610.30.80.790.63-0.110.720.390.690.820.870.560.880.370.82-0.590.660.45-0.56-0.89
0.4-0.480.770.320.040.430.360.50.430.18-0.110.740.290.60.550.760.490.520.420.42-0.420.460.45-0.41-0.58
-0.260.41-0.14-0.25-0.13-0.27-0.06-0.35-0.4-0.510.13-0.23-0.26-0.3-0.3-0.71-0.3-0.41-0.21-0.550.47-0.23-0.56-0.410.67
-0.720.21-0.72-0.67-0.34-0.7-0.43-0.89-0.88-0.720.02-0.81-0.53-0.79-0.87-0.94-0.72-0.89-0.54-0.970.33-0.75-0.89-0.580.67
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Chahua Modern Account Relationship Matchups

Chahua Modern fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.6B1.5B1.4B1.4B1.5B1.3B
Other Current Liab101.1M112.0M56.2M1.2M749.0K711.5K
Total Current Liabilities175.5M170.2M132.1M122.5M249.9M136.2M
Total Stockholder Equity1.4B1.3B1.2B1.2B1.2B1.1B
Retained Earnings457.6M351.5M295.7M277.7M194.6M315.5M
Accounts Payable30.1M29.5M25.5M31.8M31.6M26.2M
Cash650.9M432.5M284.6M399.3M574.2M400.7M
Other Assets38.6M57.1M49.6M45.2M51.9M31.6M
Net Receivables111.4M113.7M122.5M116.5M112.2M101.5M
Inventory144.5M210.4M239.1M164.4M157.6M178.3M
Other Current Assets9.8M15.4M13.3M7.0M10.2M9.7M
Total Liab182.8M185.4M170.7M165.0M279.4M149.4M
Intangible Assets46.9M39.1M40.8M43.2M41.1M44.0M
Common Stock244.7M244.6M243.1M241.8M278.1M235.4M
Property Plant Equipment444.7M556.6M589.8M618.9M711.7M454.4M
Other Liab7.3M15.2M19.7M24.5M28.2M29.6M
Net Tangible Assets1.3B1.3B1.2B1.2B1.4B1.2B
Deferred Long Term Liab5.5M5.3M8.6M6.5M7.5M4.3M
Total Current Assets916.6M779.8M667.9M704.7M872.0M835.0M
Non Current Assets Total643.6M687.2M724.8M665.9M595.5M638.9M
Non Currrent Assets Other19.5M25.5M5.4M632.0K3.5M3.3M
Non Current Liabilities Total7.3M15.2M38.6M42.5M29.6M19.8M
Common Stock Shares Outstanding244.7M244.6M243.1M241.8M278.1M266.5M
Net Invested Capital1.4B1.3B1.2B1.2B1.3B1.0B
Net Working Capital741.1M609.5M535.8M582.2M622.2M556.5M
Capital Stock244.7M244.6M243.1M241.8M217.6M194.1M

Currently Active Assets on Macroaxis

Other Information on Investing in Chahua Stock

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