Jinhui Common Stock vs Other Assets Analysis
603919 Stock | 20.13 0.99 4.69% |
Jinhui Liquor financial indicator trend analysis is infinitely more than just investigating Jinhui Liquor recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jinhui Liquor is a good investment. Please check the relationship between Jinhui Liquor Common Stock and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jinhui Liquor 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 board of governors.
Common Stock vs Other Assets
Common Stock vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jinhui Liquor Common Stock account and Other Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Jinhui Liquor's Common Stock and Other Assets is 0.82. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Other Assets in the same time period over historical financial statements of Jinhui Liquor Co, assuming nothing else is changed. The correlation between historical values of Jinhui Liquor's Common Stock and Other 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 Common Stock of Jinhui Liquor Co are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Common Stock i.e., Jinhui Liquor's Common Stock and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Common Stock
Other Assets
Most indicators from Jinhui Liquor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jinhui Liquor 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 Jinhui Liquor 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 board of governors. As of November 24, 2024, Selling General Administrative is expected to decline to about 313 M. In addition to that, Tax Provision is expected to decline to about 52.3 M
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 394.7M | 301.9M | 376.8M | 311.8M | Total Revenue | 1.8B | 2.0B | 2.5B | 1.6B |
Jinhui Liquor fundamental ratios Correlations
Click cells to compare fundamentals
Jinhui Liquor Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jinhui Liquor fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.2B | 3.5B | 3.8B | 4.1B | 4.4B | 2.8B | |
Other Current Liab | 306.5M | 291.7M | 421.4M | 65.9M | 74.3M | 70.6M | |
Total Current Liabilities | 613.7M | 714.9M | 751.4M | 905.1M | 1.0B | 731.4M | |
Total Stockholder Equity | 2.5B | 2.8B | 3.0B | 3.2B | 3.3B | 1.9B | |
Retained Earnings | 1.2B | 1.4B | 1.6B | 1.5B | 1.7B | 935.5M | |
Accounts Payable | 169.5M | 208.9M | 120.2M | 144.4M | 175.3M | 149.2M | |
Cash | 501.8M | 591.9M | 666.7M | 810.1M | 1.0B | 1.1B | |
Other Assets | 13.7M | 27.9M | 23.8M | 35.0M | 40.3M | 42.3M | |
Net Receivables | 49.1M | 7.9M | 9.2M | 6.5M | 7.2M | 12.9M | |
Inventory | 848.0M | 1.1B | 1.3B | 1.5B | 1.6B | 1.7B | |
Other Current Assets | 16.9M | 8.4M | 22.5M | 30.3M | 23.2M | 17.2M | |
Total Liab | 637.0M | 753.7M | 791.6M | 944.4M | 1.1B | 856.7M | |
Intangible Assets | 166.8M | 187.4M | 183.4M | 198.8M | 212.9M | 181.1M | |
Property Plant Equipment | 1.5B | 1.6B | 1.6B | 1.5B | 1.7B | 1.2B | |
Other Liab | 10.0M | 23.4M | 38.8M | 32.5M | 37.3M | 39.2M | |
Net Tangible Assets | 1.8B | 2.4B | 2.6B | 2.8B | 3.2B | 2.1B | |
Total Current Assets | 1.4B | 1.7B | 2.0B | 2.4B | 2.7B | 1.7B | |
Non Current Assets Total | 1.8B | 1.8B | 1.7B | 1.7B | 1.7B | 1.8B | |
Non Currrent Assets Other | 18.4M | 1.6B | 16.4M | 3.8M | 2.9M | 2.8M | |
Non Current Liabilities Total | 23.4M | 38.8M | 40.2M | 39.3M | 50.7M | 56.1M | |
Deferred Long Term Liab | 860K | 1.7M | 10.0M | 9.0M | 10.3M | 10.9M | |
Net Invested Capital | 2.5B | 2.8B | 3.0B | 3.2B | 3.3B | 3.0B | |
Net Working Capital | 802.2M | 1.0B | 1.3B | 1.5B | 1.7B | 1.1B |
Currently Active Assets on Macroaxis
Other Information on Investing in Jinhui Stock
Balance Sheet is a snapshot of the financial position of Jinhui Liquor at a specified time, usually calculated after every quarter, six months, or one year. Jinhui Liquor Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jinhui Liquor 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 Jinhui currently owns. An asset can also be divided into two categories, current and non-current.