Suzhou Non Current Assets Total vs Cash Analysis

603928 Stock   9.06  0.19  2.05%   
Suzhou Xingye financial indicator trend analysis is much more than just breaking down Suzhou Xingye Material prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Suzhou Xingye Material is a good investment. Please check the relationship between Suzhou Xingye Non Current Assets Total and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Suzhou Xingye Material. 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.

Non Current Assets Total vs Cash

Non Current Assets Total vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Suzhou Xingye Material Non Current Assets Total account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Suzhou Xingye's Non Current Assets Total and Cash is -0.27. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Cash in the same time period over historical financial statements of Suzhou Xingye Material, assuming nothing else is changed. The correlation between historical values of Suzhou Xingye's Non Current Assets Total and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Suzhou Xingye Material are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Non Current Assets Total i.e., Suzhou Xingye's Non Current Assets Total and Cash go up and down completely randomly.

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Cash

Cash refers to the most liquid asset of Suzhou Xingye Material, which is listed under current asset account on Suzhou Xingye Material balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Suzhou Xingye customers. The amounts must be unrestricted with restricted cash listed in a different Suzhou Xingye account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Suzhou Xingye's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Suzhou Xingye Material 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 Suzhou Xingye Material. 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 61.1 M. The current year's Tax Provision is expected to grow to about 15.5 M
 2021 2022 2023 2024 (projected)
Operating Income153.4M140.0M102.9M137.7M
Total Revenue2.0B1.8B1.5B1.3B

Suzhou Xingye fundamental ratios Correlations

-0.760.690.99-0.540.950.83-0.050.80.90.870.320.680.310.930.960.980.580.9-0.080.420.730.51-0.650.83-0.13
-0.76-0.46-0.770.61-0.64-0.47-0.26-0.68-0.57-0.55-0.24-0.46-0.49-0.85-0.71-0.8-0.46-0.73-0.06-0.4-0.45-0.560.62-0.670.28
0.69-0.460.56-0.050.50.56-0.160.470.640.650.281.00.120.480.580.60.580.640.140.710.760.47-0.350.72-0.05
0.99-0.770.56-0.60.970.82-0.020.810.890.850.30.550.330.950.960.980.530.88-0.120.320.660.48-0.670.78-0.14
-0.540.61-0.05-0.6-0.62-0.30.01-0.43-0.38-0.470.12-0.05-0.75-0.61-0.55-0.64-0.56-0.650.3-0.09-0.4-0.520.64-0.66-0.11
0.95-0.640.50.97-0.620.84-0.180.790.890.850.310.490.310.880.960.950.520.89-0.150.210.640.42-0.680.77-0.1
0.83-0.470.560.82-0.30.84-0.210.740.940.830.50.560.10.720.760.770.410.670.040.270.680.12-0.510.56-0.06
-0.05-0.26-0.16-0.020.01-0.18-0.21-0.01-0.27-0.27-0.12-0.160.010.16-0.18-0.03-0.07-0.270.08-0.07-0.21-0.010.2-0.210.02
0.8-0.680.470.81-0.430.790.74-0.010.780.570.730.460.270.790.830.780.310.790.430.20.360.32-0.730.57-0.56
0.9-0.570.640.89-0.380.890.94-0.270.780.830.470.630.190.790.870.850.480.810.020.390.690.27-0.670.69-0.18
0.87-0.550.650.85-0.470.850.83-0.270.570.830.110.640.330.780.80.860.580.76-0.320.360.780.47-0.490.740.1
0.32-0.240.280.30.120.310.5-0.120.730.470.110.27-0.180.260.40.24-0.190.350.8-0.07-0.07-0.24-0.450.04-0.73
0.68-0.461.00.55-0.050.490.56-0.160.460.630.640.270.120.470.570.590.580.640.140.720.760.47-0.350.72-0.04
0.31-0.490.120.33-0.750.310.10.010.270.190.33-0.180.120.470.310.460.720.52-0.180.110.30.75-0.650.560.04
0.93-0.850.480.95-0.610.880.720.160.790.790.780.260.470.470.890.960.520.83-0.110.230.530.55-0.690.7-0.22
0.96-0.710.580.96-0.550.960.76-0.180.830.870.80.40.570.310.890.950.470.94-0.030.250.560.49-0.750.79-0.29
0.98-0.80.60.98-0.640.950.77-0.030.780.850.860.240.590.460.960.950.630.92-0.150.330.680.59-0.720.84-0.12
0.58-0.460.580.53-0.560.520.41-0.070.310.480.58-0.190.580.720.520.470.630.65-0.220.540.810.78-0.520.850.35
0.9-0.730.640.88-0.650.890.67-0.270.790.810.760.350.640.520.830.940.920.650.020.350.630.64-0.850.9-0.25
-0.08-0.060.14-0.120.3-0.150.040.080.430.02-0.320.80.14-0.18-0.11-0.03-0.15-0.220.020.05-0.27-0.18-0.16-0.14-0.69
0.42-0.40.710.32-0.090.210.27-0.070.20.390.36-0.070.720.110.230.250.330.540.350.050.710.47-0.080.60.11
0.73-0.450.760.66-0.40.640.68-0.210.360.690.78-0.070.760.30.530.560.680.810.63-0.270.710.49-0.30.830.43
0.51-0.560.470.48-0.520.420.12-0.010.320.270.47-0.240.470.750.550.490.590.780.64-0.180.470.49-0.480.76-0.02
-0.650.62-0.35-0.670.64-0.68-0.510.2-0.73-0.67-0.49-0.45-0.35-0.65-0.69-0.75-0.72-0.52-0.85-0.16-0.08-0.3-0.48-0.650.43
0.83-0.670.720.78-0.660.770.56-0.210.570.690.740.040.720.560.70.790.840.850.9-0.140.60.830.76-0.650.09
-0.130.28-0.05-0.14-0.11-0.1-0.060.02-0.56-0.180.1-0.73-0.040.04-0.22-0.29-0.120.35-0.25-0.690.110.43-0.020.430.09
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Suzhou Xingye Account Relationship Matchups

Suzhou Xingye fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B1.6B1.9B2.0B1.8B1.4B
Other Current Liab7.1M3.2M14.0M164.3K143.6K136.5K
Total Current Liabilities202.2M224.6M350.3M499.0M294.2M268.8M
Total Stockholder Equity1.3B1.4B1.5B1.5B1.5B1.1B
Other Liab17.5M16.0M14.8M16.6M14.9M13.6M
Retained Earnings570.3M649.8M749.2M564.7M640.6M415.8M
Accounts Payable164.8M189.2M307.2M197.4M154.4M175.1M
Cash11.8M8.7M25.2M50.4M104.4M65.4M
Other Assets21.7M12.4M13.5M12.9M14.8M11.4M
Net Receivables670.8M551.5M770.7M684.6M574.4M586.8M
Inventory70.2M84.0M93.2M88.2M88.2M76.1M
Other Current Assets27.0M32.1M30.7M1.2M279.8K265.8K
Total Liab218.2M239.4M366.9M523.9M310.4M288.1M
Intangible Assets53.9M52.6M51.3M49.9M214.4M225.2M
Property Plant Equipment435.0M478.1M474.2M461.1M530.3M267.9M
Net Tangible Assets1.2B1.3B1.3B1.5B1.7B1.2B
Other Stockholder Equity4.0M672.3K565.9K23.8M27.4M28.7M
Non Current Assets Total596.3M591.8M603.0M668.8M763.9M606.7M
Non Currrent Assets Other2.5M3.0M2.6M4.1M2.9M3.3M
Non Current Liabilities Total16.0M14.8M16.6M25.0M16.2M19.3M
Total Current Assets942.8M1.0B1.3B1.3B1.1B1.2B
Net Invested Capital1.3B1.4B1.5B1.8B1.6B1.6B
Net Working Capital740.6M823.3M936.5M846.4M780.7M879.9M

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Other Information on Investing in Suzhou Stock

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