Shanghai Net Borrowings vs Depreciation Analysis

603633 Stock   8.32  0.08  0.97%   
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 Net Borrowings and its Depreciation 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.

Net Borrowings vs Depreciation

Net Borrowings vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Laimu Elect Net Borrowings account and Depreciation. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Shanghai Laimu's Net Borrowings and Depreciation is 0.4. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Depreciation 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 Net Borrowings and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of Shanghai Laimu Electronics are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Borrowings i.e., Shanghai Laimu's Net Borrowings and Depreciation go up and down completely randomly.

Correlation Coefficient

0.4
Relationship DirectionPositive 
Relationship StrengthWeak

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Depreciation

Depreciation indicates how much of Shanghai Laimu Elect value has been used up. For tax purposes Shanghai Laimu can deduct the cost of the tangible assets it purchases as business expenses. However, Shanghai Laimu Electronics must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
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
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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

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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.