Shanghai Inventory vs Common Stock Analysis

603633 Stock   8.24  0.05  0.61%   
Shanghai Laimu financial indicator trend analysis is much more than just breaking down Shanghai Laimu Elect prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Laimu Elect is a good investment. Please check the relationship between Shanghai Laimu Inventory and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Laimu Electronics. 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.

Inventory vs Common Stock

Inventory vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Laimu Elect Inventory account and Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shanghai Laimu's Inventory and Common Stock is 0.78. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Common Stock in the same time period over historical financial statements of Shanghai Laimu Electronics, assuming nothing else is changed. The correlation between historical values of Shanghai Laimu's Inventory and Common Stock 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 Shanghai Laimu Electronics are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Inventory i.e., Shanghai Laimu's Inventory and Common Stock go up and down completely randomly.

Correlation Coefficient

0.78
Relationship DirectionPositive 
Relationship StrengthSignificant

Inventory

Common Stock

Most indicators from Shanghai Laimu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Laimu Elect 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 Shanghai Laimu Electronics. 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 Selling General Administrative is expected to grow to about 26 M. The current year's Tax Provision is expected to grow to about 4.3 M
 2021 2022 2023 2024 (projected)
Operating Income85.2M110.2M123.1M78.7M
Total Revenue685.5M930.6M1.1B1.1B

Shanghai Laimu fundamental ratios Correlations

0.380.991.00.660.810.990.890.740.70.860.99-0.210.990.740.770.960.850.540.890.890.720.91-0.750.77-0.66
0.380.340.320.07-0.080.380.360.030.880.090.4-0.560.470.31-0.050.210.03-0.10.070.23-0.150.23-0.30.84-0.26
0.990.340.990.680.850.990.840.780.680.871.0-0.130.990.760.810.980.870.60.910.880.750.92-0.750.74-0.64
1.00.320.990.670.830.980.910.750.650.880.99-0.220.970.720.780.950.860.520.90.910.730.91-0.750.72-0.67
0.660.070.680.670.710.730.490.770.210.730.68-0.090.630.640.830.70.830.280.730.740.560.83-0.890.29-0.79
0.81-0.080.850.830.710.80.640.850.310.930.820.230.780.810.930.910.950.680.950.840.930.87-0.580.38-0.5
0.990.380.990.980.730.80.840.770.680.850.99-0.190.980.740.80.950.850.560.880.880.690.93-0.80.74-0.69
0.890.360.840.910.490.640.840.530.630.770.86-0.450.850.570.560.750.670.280.750.860.550.76-0.620.71-0.6
0.740.030.780.750.770.850.770.530.320.90.760.070.730.690.960.820.910.660.910.840.820.92-0.630.36-0.5
0.70.880.680.650.210.310.680.630.320.440.71-0.390.770.590.280.570.360.290.430.530.250.53-0.390.99-0.31
0.860.090.870.880.730.930.850.770.90.440.85-0.020.830.840.920.870.930.610.960.970.860.95-0.60.51-0.52
0.990.41.00.990.680.820.990.860.760.710.85-0.20.990.760.780.960.850.540.890.880.70.91-0.760.77-0.66
-0.21-0.56-0.13-0.22-0.090.23-0.19-0.450.07-0.39-0.02-0.2-0.20.060.170.040.090.570.02-0.260.39-0.150.37-0.390.38
0.990.470.990.970.630.780.980.850.730.770.830.99-0.20.760.750.950.820.570.860.860.690.89-0.720.83-0.62
0.740.310.760.720.640.810.740.570.690.590.840.760.060.760.760.750.760.50.760.790.670.8-0.50.64-0.38
0.77-0.050.810.780.830.930.80.560.960.280.920.780.170.750.760.870.970.690.950.850.890.93-0.670.34-0.53
0.960.210.980.950.70.910.950.750.820.570.870.960.040.950.750.870.920.680.930.840.840.9-0.720.63-0.61
0.850.030.870.860.830.950.850.670.910.360.930.850.090.820.760.970.920.630.970.890.910.94-0.740.43-0.65
0.54-0.10.60.520.280.680.560.280.660.290.610.540.570.570.50.690.680.630.660.460.810.56-0.130.320.01
0.890.070.910.90.730.950.880.750.910.430.960.890.020.860.760.950.930.970.660.930.910.95-0.670.49-0.57
0.890.230.880.910.740.840.880.860.840.530.970.88-0.260.860.790.850.840.890.460.930.750.96-0.690.6-0.62
0.72-0.150.750.730.560.930.690.550.820.250.860.70.390.690.670.890.840.910.810.910.750.78-0.410.31-0.36
0.910.230.920.910.830.870.930.760.920.530.950.91-0.150.890.80.930.90.940.560.950.960.78-0.780.59-0.66
-0.75-0.3-0.75-0.75-0.89-0.58-0.8-0.62-0.63-0.39-0.6-0.760.37-0.72-0.5-0.67-0.72-0.74-0.13-0.67-0.69-0.41-0.78-0.460.92
0.770.840.740.720.290.380.740.710.360.990.510.77-0.390.830.640.340.630.430.320.490.60.310.59-0.46-0.38
-0.66-0.26-0.64-0.67-0.79-0.5-0.69-0.6-0.5-0.31-0.52-0.660.38-0.62-0.38-0.53-0.61-0.650.01-0.57-0.62-0.36-0.660.92-0.38
Click cells to compare fundamentals

Shanghai Laimu Account Relationship Matchups

Shanghai Laimu fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B1.8B1.9B2.9B3.4B3.5B
Other Current Liab8.5M7.0M9.9M63.0K52.7M55.3M
Total Current Liabilities544.1M681.7M766.1M967.1M1.2B1.2B
Total Stockholder Equity760.5M1.1B1.1B1.9B1.9B2.0B
Other Liab5.9M4.6M18.0M15.1M17.4M9.3M
Retained Earnings442.5M485.4M546.5M558.7M618.4M412.9M
Accounts Payable154.9M244.0M225.6M319.7M364.4M382.6M
Cash49.8M91.1M71.5M488.1M425.4M446.6M
Other Assets14.5M17.6M19.6M22.9M26.4M13.5M
Long Term Debt43.1M70.8M16M26.5M235.6M247.4M
Net Receivables304.0M303.2M330.9M492.7M570.2M286.5M
Inventory292.1M372.7M461.8M578.6M718.5M754.4M
Other Current Assets34.1M32.1M21.1M5.5M7.9M7.5M
Total Liab619.6M718.5M786.1M1.0B1.5B1.5B
Intangible Assets28.5M28.3M27.2M26.2M51.5M27.2M
Property Plant Equipment545.2M653.6M768.5M875.7M1.0B1.1B
Net Tangible Assets709.9M732.1M1.1B1.1B1.2B837.0M
Deferred Long Term Liab11.1M13.6M10.5M8.0M9.2M9.2M
Short Long Term Debt333.0M364.6M490.4M581.5M639.4M386.3M
Total Current Assets680.0M845.8M916.2M1.7B1.9B1.0B
Non Current Assets Total700.1M953.3M975.7M1.2B1.5B938.4M
Non Currrent Assets Other700.1M4.5M9.8M44.1M21.8M20.7M
Non Current Liabilities Total75.5M36.8M20.0M54.6M290.9M305.4M
Non Current Liabilities Other22.3M24.7M62M2.8M2.5M2.4M
Net Debt345.2M289.5M418.8M119.9M449.6M301.1M
Net Invested Capital1.2B1.5B1.6B2.5B2.8B1.8B
Net Working Capital135.9M164.1M150.0M685.8M724.3M363.3M

Currently Active Assets on Macroaxis

Other Information on Investing in Shanghai Stock

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