Shanghai Change To Netincome vs Change To Liabilities Analysis

603881 Stock   19.59  0.43  2.24%   
Shanghai AtHub financial indicator trend analysis is much more than just breaking down Shanghai AtHub prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai AtHub is a good investment. Please check the relationship between Shanghai AtHub Change To Netincome and its Change To Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai AtHub 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.

Change To Netincome vs Change To Liabilities

Change To Netincome vs Change To Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai AtHub Change To Netincome account and Change To Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Shanghai AtHub's Change To Netincome and Change To Liabilities is -0.02. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Change To Liabilities in the same time period over historical financial statements of Shanghai AtHub Co, assuming nothing else is changed. The correlation between historical values of Shanghai AtHub's Change To Netincome and Change To Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Shanghai AtHub Co are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of Change To Netincome i.e., Shanghai AtHub's Change To Netincome and Change To Liabilities go up and down completely randomly.

Correlation Coefficient

-0.02
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Netincome

Change To Liabilities

Most indicators from Shanghai AtHub's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai AtHub 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 AtHub 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.
The current year's Selling General Administrative is expected to grow to about 27.8 M, whereas Tax Provision is forecasted to decline to about 29.6 M.
 2021 2022 2023 2024 (projected)
Operating Income284.6M307.6M327.7M166.7M
Total Revenue1.2B1.5B1.5B1.6B

Shanghai AtHub fundamental ratios Correlations

0.430.990.920.30.90.840.80.740.980.190.030.831.00.870.90.980.480.970.950.880.90.980.610.970.88
0.430.460.210.240.240.350.090.40.490.060.380.550.470.330.210.29-0.040.350.220.250.390.410.430.440.4
0.990.460.890.40.880.90.830.820.990.220.030.810.990.810.870.940.490.950.940.880.840.970.710.950.87
0.920.210.890.150.970.730.740.620.890.19-0.050.770.90.830.990.940.460.940.920.940.890.950.430.930.76
0.30.240.40.150.290.530.440.780.310.750.410.320.340.310.120.17-0.130.190.290.340.060.20.80.130.19
0.90.240.880.970.290.690.680.690.860.370.110.810.880.870.970.90.270.920.860.960.90.920.490.880.75
0.840.350.90.730.530.690.90.880.880.19-0.010.590.860.590.680.770.560.730.880.70.570.80.810.780.65
0.80.090.830.740.440.680.90.740.790.16-0.090.50.790.620.680.790.730.720.910.670.510.740.610.690.63
0.740.40.820.620.780.690.880.740.780.460.240.550.780.630.60.630.210.640.710.720.520.690.950.660.62
0.980.490.990.890.310.860.880.790.780.140.040.80.990.820.870.930.490.940.920.850.860.970.660.960.86
0.190.060.220.190.750.370.190.160.460.140.580.380.190.410.170.14-0.470.150.170.30.210.120.40.05-0.03
0.030.380.03-0.050.410.11-0.01-0.090.240.040.580.260.040.32-0.09-0.07-0.54-0.08-0.1-0.060.1-0.070.17-0.09-0.14
0.830.550.810.770.320.810.590.50.550.80.380.260.820.80.740.790.110.820.70.770.840.810.420.780.69
1.00.470.990.90.340.880.860.790.780.990.190.040.820.840.890.960.470.960.930.880.880.980.660.970.88
0.870.330.810.830.310.870.590.620.630.820.410.320.80.840.80.860.170.850.780.770.880.820.440.790.72
0.90.210.870.990.120.970.680.680.60.870.17-0.090.740.890.80.920.420.940.890.960.90.950.410.930.79
0.980.290.940.940.170.90.770.790.630.930.14-0.070.790.960.860.920.530.980.960.880.910.970.480.950.86
0.48-0.040.490.46-0.130.270.560.730.210.49-0.47-0.540.110.470.170.420.530.450.640.310.20.470.130.480.45
0.970.350.950.940.190.920.730.720.640.940.15-0.080.820.960.850.940.980.450.920.930.940.980.50.970.91
0.950.220.940.920.290.860.880.910.710.920.17-0.10.70.930.780.890.960.640.920.840.790.930.560.90.77
0.880.250.880.940.340.960.70.670.720.850.3-0.060.770.880.770.960.880.310.930.840.840.920.570.880.83
0.90.390.840.890.060.90.570.510.520.860.210.10.840.880.880.90.910.20.940.790.840.920.370.920.8
0.980.410.970.950.20.920.80.740.690.970.12-0.070.810.980.820.950.970.470.980.930.920.920.560.990.88
0.610.430.710.430.80.490.810.610.950.660.40.170.420.660.440.410.480.130.50.560.570.370.560.530.54
0.970.440.950.930.130.880.780.690.660.960.05-0.090.780.970.790.930.950.480.970.90.880.920.990.530.87
0.880.40.870.760.190.750.650.630.620.86-0.03-0.140.690.880.720.790.860.450.910.770.830.80.880.540.87
Click cells to compare fundamentals

Shanghai AtHub Account Relationship Matchups

Shanghai AtHub fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.7B7.7B8.2B7.4B7.0B3.6B
Other Current Liab43.5M22.2M57.3M61.6M752.2K714.6K
Total Current Liabilities1.7B3.0B2.9B2.5B2.1B1.3B
Total Stockholder Equity1.1B2.9B3.0B3.0B3.1B3.3B
Other Liab130.4M102.4M44.1M19.1M22.0M20.9M
Retained Earnings521.0M646.2M769.0M771.1M830.1M871.6M
Accounts Payable489.7M1.4B1.0B528.7M343.2M420.7M
Cash240.5M1.6B597.7M455.9M711.0M409.8M
Other Assets476.3M524.5M473.8M158.8M182.6M223.6M
Long Term Debt843.8M1.6B1.8B1.5B1.1B745.6M
Net Receivables173.0M65.3M77.7M87.3M117.2M110.4M
Inventory16.7M2.4M12.3M14.6M3.8M3.6M
Other Current Assets31.7M26.9M32.9M66.3M29.0M22.3M
Total Liab2.6B4.8B5.3B4.4B3.9B2.2B
Property Plant Equipment2.8B5.2B6.2B5.9B6.7B7.1B
Net Tangible Assets1.1B2.9B2.8B2.8B3.3B1.7B
Deferred Long Term Liab11.8M81.4M37.4M40.1M46.1M37.0M
Short Long Term Debt647.3M1.0B1.2B1.2B1.3B746.5M
Total Current Assets462.0M1.9B1.4B1.2B1.5B1.0B
Intangible Assets11.8M11.3M33.0M32.6M30.8M17.3M
Non Current Assets Total3.3B5.7B6.8B6.2B5.5B4.3B
Non Currrent Assets Other450.5M426.0M424.5M111.4M135.2M128.4M
Non Current Liabilities Total974.2M1.8B2.4B2.0B1.7B1.4B
Net Invested Capital2.5B5.6B6.0B5.7B5.6B4.4B
Net Working Capital(1.2B)(1.1B)(1.4B)(1.2B)(675.9M)(709.7M)
Net Debt1.1B1.1B2.4B2.2B1.7B1.6B

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Other Information on Investing in Shanghai Stock

Balance Sheet is a snapshot of the financial position of Shanghai AtHub at a specified time, usually calculated after every quarter, six months, or one year. Shanghai AtHub Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai AtHub 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.