Guangdong Total Operating Expenses vs Reconciled Depreciation Analysis

603983 Stock   27.63  0.18  0.65%   
Guangdong Marubi financial indicator trend analysis is much more than just examining Guangdong Marubi Bio latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Marubi Bio is a good investment. Please check the relationship between Guangdong Marubi Total Operating Expenses and its Reconciled Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Marubi Biotechnology. 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.

Total Operating Expenses vs Reconciled Depreciation

Total Operating Expenses vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangdong Marubi Bio Total Operating Expenses account and Reconciled Depreciation. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Guangdong Marubi's Total Operating Expenses and Reconciled Depreciation is 0.85. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Guangdong Marubi Biotechnology, assuming nothing else is changed. The correlation between historical values of Guangdong Marubi's Total Operating Expenses 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 Total Operating Expenses of Guangdong Marubi Biotechnology 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 Total Operating Expenses i.e., Guangdong Marubi's Total Operating Expenses and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Reconciled Depreciation

Most indicators from Guangdong Marubi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Marubi Bio 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 Guangdong Marubi Biotechnology. 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 Tax Provision is expected to grow to about 52.3 M, whereas Selling General Administrative is forecasted to decline to about 798.9 M.
 2021 2022 2023 2024 (projected)
Net Interest Income34.1M14.0M15.1M24.6M
Tax Provision68.4M39.2M39.5M52.3M

Guangdong Marubi fundamental ratios Correlations

-0.720.651.0-0.160.970.990.480.360.870.810.87-0.360.480.880.74-0.830.71-0.210.780.90.770.920.640.91.0
-0.72-0.64-0.69-0.03-0.58-0.68-0.77-0.1-0.69-0.4-0.640.1-0.67-0.71-0.930.78-0.80.37-0.63-0.59-0.8-0.77-0.65-0.72-0.72
0.65-0.640.6-0.090.630.60.670.360.480.340.57-0.570.030.690.54-0.410.940.050.470.660.390.830.420.560.61
1.0-0.690.6-0.150.970.990.440.360.860.820.87-0.350.470.870.71-0.830.66-0.220.790.90.760.90.620.911.0
-0.16-0.03-0.09-0.15-0.07-0.120.350.56-0.46-0.5-0.48-0.41-0.050.22-0.250.32-0.16-0.510.360.15-0.29-0.22-0.4-0.15-0.19
0.97-0.580.630.97-0.070.970.410.550.740.80.82-0.530.340.890.55-0.670.64-0.150.810.960.590.850.430.880.96
0.99-0.680.60.99-0.120.970.490.370.860.830.87-0.390.440.860.7-0.820.64-0.20.820.890.760.880.60.890.99
0.48-0.770.670.440.350.410.490.30.370.140.36-0.480.30.560.62-0.440.69-0.130.630.480.460.530.370.390.44
0.36-0.10.360.360.560.550.370.3-0.120.120.07-0.87-0.010.6-0.160.170.27-0.050.570.71-0.240.21-0.380.30.33
0.87-0.690.480.86-0.460.740.860.37-0.120.820.870.060.550.580.83-0.950.59-0.170.560.560.90.820.870.740.88
0.81-0.40.340.82-0.50.80.830.140.120.820.93-0.170.370.460.52-0.710.390.130.580.610.610.640.450.730.83
0.87-0.640.570.87-0.480.820.870.360.070.870.93-0.20.370.590.73-0.830.620.080.610.680.760.820.580.860.89
-0.360.1-0.57-0.35-0.41-0.53-0.39-0.48-0.870.06-0.17-0.20.3-0.540.1-0.12-0.39-0.22-0.54-0.660.17-0.320.29-0.3-0.32
0.48-0.670.030.47-0.050.340.440.3-0.010.550.370.370.30.370.67-0.60.35-0.330.360.310.580.290.470.410.51
0.88-0.710.690.870.220.890.860.560.60.580.460.59-0.540.370.61-0.610.71-0.370.760.950.580.850.430.840.86
0.74-0.930.540.71-0.250.550.70.62-0.160.830.520.730.10.670.61-0.920.72-0.230.470.490.940.780.810.750.75
-0.830.78-0.41-0.830.32-0.67-0.82-0.440.17-0.95-0.71-0.83-0.12-0.6-0.61-0.92-0.540.29-0.57-0.54-0.99-0.8-0.86-0.8-0.85
0.71-0.80.940.66-0.160.640.640.690.270.590.390.62-0.390.350.710.72-0.540.00.460.650.530.840.550.610.68
-0.210.370.05-0.22-0.51-0.15-0.2-0.13-0.05-0.170.130.08-0.22-0.33-0.37-0.230.290.0-0.42-0.2-0.31-0.21-0.3-0.19-0.19
0.78-0.630.470.790.360.810.820.630.570.560.580.61-0.540.360.760.47-0.570.46-0.420.810.50.630.290.680.76
0.9-0.590.660.90.150.960.890.480.710.560.610.68-0.660.310.950.49-0.540.65-0.20.810.480.80.280.850.88
0.77-0.80.390.76-0.290.590.760.46-0.240.90.610.760.170.580.580.94-0.990.53-0.310.50.480.780.860.770.78
0.92-0.770.830.9-0.220.850.880.530.210.820.640.82-0.320.290.850.78-0.80.84-0.210.630.80.780.710.860.9
0.64-0.650.420.62-0.40.430.60.37-0.380.870.450.580.290.470.430.81-0.860.55-0.30.290.280.860.710.480.63
0.9-0.720.560.91-0.150.880.890.390.30.740.730.86-0.30.410.840.75-0.80.61-0.190.680.850.770.860.480.92
1.0-0.720.611.0-0.190.960.990.440.330.880.830.89-0.320.510.860.75-0.850.68-0.190.760.880.780.90.630.92
Click cells to compare fundamentals

Guangdong Marubi Account Relationship Matchups

Guangdong Marubi fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.4B3.8B3.8B4.1B4.5B3.4B
Other Current Liab296.0M369.6M349.8M4.5M20.0M19.0M
Total Current Liabilities740.0M786.6M576.5M668.5M1.0B790.0M
Total Stockholder Equity2.7B3.0B3.1B3.2B3.3B2.5B
Other Liab25.6M26.4M7.8M12.0M10.8M14.4M
Net Tangible Assets1.3B2.7B3.0B2.3B2.7B2.0B
Retained Earnings1.5B1.8B1.9B1.8B2.0B1.5B
Accounts Payable212.8M203.1M198.4M229.8M262.6M246.6M
Cash2.1B1.7B806.1M1.1B1.1B1.0B
Non Current Assets Total307.9M1.1B1.8B1.9B1.9B1.1B
Non Currrent Assets Other4.1M742.5M530.4M469.1M304.8M282.4M
Other Assets38.3M40.9M798.8M562.0M646.3M678.6M
Net Receivables5.6M5.2M57.4M69.8M28.0M38.2M
Non Current Liabilities Total26.4M7.8M26.6M173.1M25.0M44.2M
Inventory187.0M138.3M138.4M151.7M171.7M156.2M
Other Current Assets33.5M42.4M222.9M474.7M442.7M464.8M
Other Stockholder Equity(74.5K)(62.3K)(285.9K)(1.3M)(1.1M)(1.1M)
Total Liab766.4M794.4M603.2M841.6M1.0B838.7M
Deferred Long Term Liab16.7M7.3M21.2M10.0M11.5M13.6M
Total Current Assets3.1B2.7B2.0B2.2B2.5B2.3B
Intangible Assets17.7M18.6M764.6M748.6M719.6M755.6M
Property Plant Equipment260.3M249.3M246.0M384.1M441.8M308.7M
Net Invested Capital2.7B3.1B3.1B3.4B3.4B2.8B
Net Working Capital2.4B1.9B1.4B1.6B1.5B1.7B

Currently Active Assets on Macroaxis

Other Information on Investing in Guangdong Stock

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