Jinhui Minority Interest vs Reconciled Depreciation Analysis

603919 Stock   21.63  0.86  4.14%   
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 Minority Interest and its Reconciled Depreciation 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.

Minority Interest vs Reconciled Depreciation

Minority Interest vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jinhui Liquor Minority Interest account and Reconciled Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between Jinhui Liquor's Minority Interest and Reconciled Depreciation is 0.63. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Reconciled Depreciation 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 Minority Interest and Reconciled 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 Minority Interest of Jinhui Liquor Co are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Minority Interest i.e., Jinhui Liquor's Minority Interest and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

0.63
Relationship DirectionPositive 
Relationship StrengthSignificant

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Jinhui Liquor Co whose combined shares represent less than 50% of the total outstanding shares issued by Jinhui Liquor have a minority interest in Jinhui Liquor.

Reconciled Depreciation

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 30, 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 Income394.7M301.9M376.8M311.8M
Total Revenue1.8B2.0B2.5B1.6B

Jinhui Liquor fundamental ratios Correlations

-0.210.690.990.990.710.810.860.07-0.410.890.470.380.750.980.950.870.97-0.850.93-0.850.850.26-0.290.370.74
-0.21-0.35-0.16-0.17-0.18-0.42-0.43-0.2-0.03-0.44-0.4-0.440.08-0.13-0.12-0.34-0.230.1-0.380.09-0.280.110.55-0.21-0.5
0.69-0.350.60.650.210.740.610.05-0.40.690.150.780.510.620.550.660.6-0.340.77-0.340.420.09-0.380.00.72
0.99-0.160.60.990.730.770.85-0.01-0.360.870.490.240.720.980.950.850.99-0.90.91-0.90.870.28-0.250.380.7
0.99-0.170.650.990.710.770.860.05-0.380.880.490.320.720.990.950.870.98-0.860.92-0.850.870.29-0.250.390.71
0.71-0.180.210.730.710.50.610.13-0.360.610.430.070.640.730.780.610.7-0.730.54-0.730.770.46-0.220.570.47
0.81-0.420.740.770.770.50.9-0.01-0.420.940.250.470.620.740.670.890.81-0.690.88-0.690.720.11-0.740.130.91
0.86-0.430.610.850.860.610.90.04-0.270.960.440.320.580.820.760.910.89-0.750.89-0.750.880.11-0.60.260.85
0.07-0.20.05-0.010.050.13-0.010.04-0.110.09-0.010.550.150.020.050.11-0.030.260.070.270.090.080.040.120.07
-0.41-0.03-0.4-0.36-0.38-0.36-0.42-0.27-0.11-0.380.02-0.45-0.71-0.44-0.34-0.28-0.280.26-0.340.26-0.15-0.190.18-0.16-0.22
0.89-0.440.690.870.880.610.940.960.09-0.380.480.430.620.840.770.960.9-0.750.94-0.750.880.2-0.620.360.87
0.47-0.40.150.490.490.430.250.44-0.010.020.480.020.090.440.470.360.53-0.520.47-0.520.58-0.18-0.120.820.28
0.38-0.440.780.240.320.070.470.320.55-0.450.430.020.40.280.260.370.220.070.450.070.14-0.04-0.350.050.51
0.750.080.510.720.720.640.620.580.15-0.710.620.090.40.770.760.550.63-0.610.58-0.610.540.16-0.250.260.48
0.98-0.130.620.980.990.730.740.820.02-0.440.840.440.280.770.940.830.96-0.850.9-0.850.830.33-0.220.370.69
0.95-0.120.550.950.950.780.670.760.05-0.340.770.470.260.760.940.750.91-0.890.78-0.890.840.28-0.210.480.61
0.87-0.340.660.850.870.610.890.910.11-0.280.960.360.370.550.830.750.9-0.720.92-0.720.890.41-0.550.260.85
0.97-0.230.60.990.980.70.810.89-0.03-0.280.90.530.220.630.960.910.9-0.890.94-0.890.890.28-0.330.370.76
-0.850.1-0.34-0.9-0.86-0.73-0.69-0.750.260.26-0.75-0.520.07-0.61-0.85-0.89-0.72-0.89-0.721.0-0.83-0.230.31-0.46-0.55
0.93-0.380.770.910.920.540.880.890.07-0.340.940.470.450.580.90.780.920.94-0.72-0.720.790.2-0.430.250.86
-0.850.09-0.34-0.9-0.85-0.73-0.69-0.750.270.26-0.75-0.520.07-0.61-0.85-0.89-0.72-0.891.0-0.72-0.83-0.230.31-0.46-0.55
0.85-0.280.420.870.870.770.720.880.09-0.150.880.580.140.540.830.840.890.89-0.830.79-0.830.34-0.410.530.68
0.260.110.090.280.290.460.110.110.08-0.190.2-0.18-0.040.160.330.280.410.28-0.230.2-0.230.340.10.030.11
-0.290.55-0.38-0.25-0.25-0.22-0.74-0.60.040.18-0.62-0.12-0.35-0.25-0.22-0.21-0.55-0.330.31-0.430.31-0.410.1-0.16-0.75
0.37-0.210.00.380.390.570.130.260.12-0.160.360.820.050.260.370.480.260.37-0.460.25-0.460.530.03-0.160.17
0.74-0.50.720.70.710.470.910.850.07-0.220.870.280.510.480.690.610.850.76-0.550.86-0.550.680.11-0.750.17
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Jinhui Liquor Account Relationship Matchups

Jinhui Liquor fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.2B3.5B3.8B4.1B4.4B2.8B
Other Current Liab306.5M291.7M421.4M65.9M74.3M70.6M
Total Current Liabilities613.7M714.9M751.4M905.1M1.0B731.4M
Total Stockholder Equity2.5B2.8B3.0B3.2B3.3B1.9B
Retained Earnings1.2B1.4B1.6B1.5B1.7B935.5M
Accounts Payable169.5M208.9M120.2M144.4M175.3M149.2M
Cash501.8M591.9M666.7M810.1M1.0B1.1B
Other Assets13.7M27.9M23.8M35.0M40.3M42.3M
Net Receivables49.1M7.9M9.2M6.5M7.2M12.9M
Inventory848.0M1.1B1.3B1.5B1.6B1.7B
Other Current Assets16.9M8.4M22.5M30.3M23.2M17.2M
Total Liab637.0M753.7M791.6M944.4M1.1B856.7M
Intangible Assets166.8M187.4M183.4M198.8M212.9M181.1M
Property Plant Equipment1.5B1.6B1.6B1.5B1.7B1.2B
Other Liab10.0M23.4M38.8M32.5M37.3M39.2M
Net Tangible Assets1.8B2.4B2.6B2.8B3.2B2.1B
Total Current Assets1.4B1.7B2.0B2.4B2.7B1.7B
Non Current Assets Total1.8B1.8B1.7B1.7B1.7B1.8B
Non Currrent Assets Other18.4M1.6B16.4M3.8M2.9M2.8M
Non Current Liabilities Total23.4M38.8M40.2M39.3M50.7M56.1M
Deferred Long Term Liab860K1.7M10.0M9.0M10.3M10.9M
Net Invested Capital2.5B2.8B3.0B3.2B3.3B3.0B
Net Working Capital802.2M1.0B1.3B1.5B1.7B1.1B

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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.