Anji Net Receivables vs Intangible Assets Analysis

603696 Stock   8.68  0.24  2.84%   
Anji Foodstuff financial indicator trend analysis is way more than just evaluating Anji Foodstuff prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anji Foodstuff is a good investment. Please check the relationship between Anji Foodstuff Net Receivables and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anji Foodstuff 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 nation.

Net Receivables vs Intangible Assets

Net Receivables vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Anji Foodstuff Net Receivables account and Intangible Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Anji Foodstuff's Net Receivables and Intangible Assets is -0.53. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Anji Foodstuff Co, assuming nothing else is changed. The correlation between historical values of Anji Foodstuff's Net Receivables and Intangible 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 Net Receivables of Anji Foodstuff Co are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Net Receivables i.e., Anji Foodstuff's Net Receivables and Intangible Assets go up and down completely randomly.

Correlation Coefficient

-0.53
Relationship DirectionNegative 
Relationship StrengthVery Weak

Net Receivables

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Anji Foodstuff's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anji Foodstuff 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 Anji Foodstuff 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 nation.
As of November 29, 2024, Selling General Administrative is expected to decline to about 31.1 M. In addition to that, Tax Provision is expected to decline to about 5.5 M
 2021 2022 2023 2024 (projected)
Operating Income45.7M25.4M43.0M37.1M
Total Revenue549.0M557.2M632.1M414.7M

Anji Foodstuff fundamental ratios Correlations

0.110.140.990.60.230.70.590.12-0.060.430.14-0.670.560.78-0.270.64-0.22-0.19-0.350.570.55-0.19-0.43-0.440.37
0.110.330.080.19-0.14-0.080.190.050.230.160.330.040.20.140.080.31-0.130.63-0.080.080.520.63-0.06-0.14-0.03
0.140.330.03-0.510.83-0.310.320.28-0.440.151.0-0.530.650.6-0.680.31-0.77-0.18-0.660.630.37-0.18-0.68-0.720.65
0.990.080.030.660.140.740.570.09-0.010.410.04-0.620.50.72-0.20.62-0.13-0.17-0.290.510.52-0.17-0.36-0.370.31
0.60.19-0.510.66-0.50.810.12-0.320.460.15-0.510.12-0.180.050.560.20.460.40.45-0.210.210.40.40.38-0.44
0.23-0.140.830.14-0.5-0.140.350.25-0.530.110.83-0.720.610.62-0.80.21-0.8-0.59-0.70.70.15-0.59-0.77-0.760.73
0.7-0.08-0.310.740.81-0.140.0-0.530.440.19-0.31-0.07-0.10.220.32-0.020.360.060.32-0.11-0.010.060.230.23-0.28
0.590.190.320.570.120.350.00.73-0.660.650.32-0.740.780.76-0.580.71-0.46-0.22-0.70.830.82-0.22-0.67-0.720.62
0.120.050.280.09-0.320.25-0.530.73-0.620.390.28-0.530.680.47-0.630.62-0.6-0.24-0.750.710.63-0.24-0.66-0.690.67
-0.060.23-0.44-0.010.46-0.530.44-0.66-0.62-0.39-0.430.56-0.53-0.430.61-0.410.390.50.62-0.68-0.430.50.60.6-0.6
0.430.160.150.410.150.110.190.650.39-0.390.15-0.390.390.42-0.240.280.0-0.08-0.380.540.69-0.08-0.34-0.390.14
0.140.331.00.04-0.510.83-0.310.320.28-0.430.15-0.530.650.6-0.680.32-0.78-0.17-0.660.630.38-0.17-0.68-0.720.65
-0.670.04-0.53-0.620.12-0.72-0.07-0.74-0.530.56-0.39-0.53-0.83-0.870.86-0.650.70.670.87-0.94-0.50.670.930.91-0.87
0.560.20.650.5-0.180.61-0.10.780.68-0.530.390.65-0.830.93-0.850.67-0.76-0.27-0.90.870.66-0.27-0.86-0.920.91
0.780.140.60.720.050.620.220.760.47-0.430.420.6-0.870.93-0.740.66-0.66-0.32-0.770.850.62-0.32-0.78-0.830.81
-0.270.08-0.68-0.20.56-0.80.32-0.58-0.630.61-0.24-0.680.86-0.85-0.74-0.40.840.630.96-0.85-0.330.630.950.95-0.96
0.640.310.310.620.20.21-0.020.710.62-0.410.280.32-0.650.670.66-0.4-0.46-0.14-0.580.720.79-0.14-0.61-0.620.57
-0.22-0.13-0.77-0.130.46-0.80.36-0.46-0.60.390.0-0.780.7-0.76-0.660.84-0.460.360.82-0.74-0.350.360.830.85-0.84
-0.190.63-0.18-0.170.4-0.590.06-0.22-0.240.5-0.08-0.170.67-0.27-0.320.63-0.140.360.52-0.540.161.00.610.5-0.55
-0.35-0.08-0.66-0.290.45-0.70.32-0.7-0.750.62-0.38-0.660.87-0.9-0.770.96-0.580.820.52-0.92-0.550.520.980.99-0.94
0.570.080.630.51-0.210.7-0.110.830.71-0.680.540.63-0.940.870.85-0.850.72-0.74-0.54-0.920.7-0.54-0.94-0.950.84
0.550.520.370.520.210.15-0.010.820.63-0.430.690.38-0.50.660.62-0.330.79-0.350.16-0.550.70.16-0.51-0.580.39
-0.190.63-0.18-0.170.4-0.590.06-0.22-0.240.5-0.08-0.170.67-0.27-0.320.63-0.140.361.00.52-0.540.160.610.5-0.55
-0.43-0.06-0.68-0.360.4-0.770.23-0.67-0.660.6-0.34-0.680.93-0.86-0.780.95-0.610.830.610.98-0.94-0.510.610.99-0.93
-0.44-0.14-0.72-0.370.38-0.760.23-0.72-0.690.6-0.39-0.720.91-0.92-0.830.95-0.620.850.50.99-0.95-0.580.50.99-0.94
0.37-0.030.650.31-0.440.73-0.280.620.67-0.60.140.65-0.870.910.81-0.960.57-0.84-0.55-0.940.840.39-0.55-0.93-0.94
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Anji Foodstuff Account Relationship Matchups

Anji Foodstuff fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets637.2M625.7M641.1M627.3M628.0M648.6M
Other Current Liab27.1M34.2M27.4M54.1M1.7M1.6M
Total Current Liabilities45.7M59.7M91.0M88.9M70.8M59.3M
Total Stockholder Equity591.1M565.6M548.7M537.3M557.3M588.9M
Retained Earnings149.1M130.1M116.7M101.1M62.4M59.3M
Accounts Payable7.2M10.3M42.3M28.3M33.9M35.6M
Cash107.7M89.4M158.5M146.9M168.6M153.3M
Other Assets42.9M40.3M36.9M39.2M45.0M32.8M
Net Receivables13.6M15.4M12.1M10.4M12.6M12.2M
Inventory31.0M40.6M34.7M37.2M27.1M30.4M
Other Current Assets26.6M41.0M25.2M36.1M34.7M33.4M
Total Liab46.1M60.0M92.4M90.0M70.8M59.6M
Intangible Assets38.7M38.6M37.4M36.4M35.3M32.4M
Property Plant Equipment164.0M179.7M189.9M188.4M216.7M160.1M
Net Tangible Assets552.3M527.0M511.4M500.9M450.8M466.3M
Short Term Investments207.7M177.6M145.1M131.5M87.3M144.1M
Other Stockholder Equity(795.0K)(7.2M)(10.7M)(6.6M)(5.9M)(5.6M)
Total Current Assets386.5M365.0M376.9M363.3M362.2M341.8M
Non Current Assets Total250.7M260.6M264.3M264.0M265.8M277.6M
Non Currrent Assets Other38.6M35.9M33.2M33.9M16.5M15.6M
Non Current Liabilities Total403.1K367.7K1.4M1.1M3.4K3.2K
Net Invested Capital591.1M565.6M548.7M537.3M557.3M476.2M
Net Working Capital340.8M305.4M285.9M274.4M291.4M270.5M

Currently Active Assets on Macroaxis

Other Information on Investing in Anji Stock

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