GigaDevice Net Tangible Assets vs Common Stock Analysis

603986 Stock

83.22 0.69 0.82%

GigaDevice SemiconductorBei financial indicator trend analysis is much more than just examining GigaDevice SemiconductorBei latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GigaDevice SemiconductorBei is a good investment. Please check the relationship between GigaDevice SemiconductorBei Net Tangible Assets and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GigaDevice SemiconductorBeiji. 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.

Net Tangible Assets vs Common Stock

Net Tangible Assets vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GigaDevice SemiconductorBei Net Tangible Assets account and Common Stock. At this time, the significance of the direction appears to have almost identical trend.

The correlation between GigaDevice SemiconductorBei's Net Tangible Assets and Common Stock is 0.98. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of GigaDevice SemiconductorBeiji, assuming nothing else is changed. The correlation between historical values of GigaDevice SemiconductorBei's Net Tangible Assets and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of GigaDevice SemiconductorBeiji are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Tangible Assets i.e., GigaDevice SemiconductorBei's Net Tangible Assets and Common Stock go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Common Stock

Most indicators from GigaDevice SemiconductorBei's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GigaDevice SemiconductorBei 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 GigaDevice SemiconductorBeiji. 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.

As of November 27, 2024, Selling General Administrative is expected to decline to about 180.4 M. The current year's Tax Provision is expected to grow to about (34.6 M)

	2021	2022	2023	2024 (projected)
Operating Income	2.5B	2.3B	404.4M	694.2M
Total Revenue	8.5B	8.1B	5.8B	3.4B

Operating Income Total Revenue

GigaDevice SemiconductorBei fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Good Will	Net Tangible Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Long Term Debt	Common Stock Shares Outstanding
Total Assets		0.48	0.85	1.0	0.99	0.86	0.98	0.9	0.55	0.95	0.74	0.83	0.98	0.99	0.98	0.95	0.58	0.98	0.94	0.82	0.73	0.84	0.97	0.95	-0.86	0.97
Other Current Liab	0.48		0.82	0.45	0.47	0.71	0.42	0.2	0.73	0.42	-0.08	0.81	0.47	0.45	0.39	0.43	0.54	0.36	0.57	0.32	0.61	0.31	0.45	0.55	-0.46	0.43
Total Current Liabilities	0.85	0.82		0.83	0.84	0.97	0.8	0.63	0.79	0.8	0.38	0.99	0.84	0.84	0.8	0.83	0.69	0.76	0.91	0.63	0.84	0.64	0.81	0.87	-0.79	0.8
Total Stockholder Equity	1.0	0.45	0.83		0.99	0.85	0.98	0.91	0.52	0.95	0.76	0.81	0.98	0.98	0.98	0.94	0.56	0.99	0.94	0.83	0.71	0.85	0.97	0.95	-0.86	0.98
Retained Earnings	0.99	0.47	0.84	0.99		0.84	0.95	0.94	0.51	0.98	0.8	0.82	0.96	0.99	0.98	0.92	0.53	0.99	0.93	0.88	0.72	0.88	0.99	0.93	-0.8	0.94
Accounts Payable	0.86	0.71	0.97	0.85	0.84		0.83	0.65	0.82	0.8	0.4	0.97	0.87	0.86	0.83	0.89	0.71	0.78	0.92	0.6	0.82	0.64	0.8	0.87	-0.86	0.84
Cash	0.98	0.42	0.8	0.98	0.95	0.83		0.84	0.52	0.89	0.69	0.78	0.97	0.95	0.94	0.94	0.57	0.96	0.9	0.74	0.68	0.76	0.93	0.95	-0.85	0.97
Other Assets	0.9	0.2	0.63	0.91	0.94	0.65	0.84		0.28	0.96	0.95	0.61	0.86	0.91	0.93	0.81	0.32	0.94	0.82	0.93	0.58	0.92	0.94	0.8	-0.67	0.84
Net Receivables	0.55	0.73	0.79	0.52	0.51	0.82	0.52	0.28		0.47	0.02	0.81	0.57	0.56	0.5	0.67	0.65	0.43	0.6	0.24	0.73	0.35	0.48	0.5	-0.56	0.55
Inventory	0.95	0.42	0.8	0.95	0.98	0.8	0.89	0.96	0.47		0.84	0.79	0.91	0.96	0.97	0.88	0.47	0.96	0.9	0.92	0.72	0.89	0.98	0.87	-0.73	0.89
Other Current Assets	0.74	-0.08	0.38	0.76	0.8	0.4	0.69	0.95	0.02	0.84		0.36	0.69	0.77	0.81	0.64	0.11	0.84	0.62	0.84	0.37	0.84	0.82	0.63	-0.48	0.69
Total Liab	0.83	0.81	0.99	0.81	0.82	0.97	0.78	0.61	0.81	0.79	0.36		0.83	0.84	0.8	0.84	0.73	0.74	0.9	0.61	0.89	0.6	0.8	0.84	-0.77	0.78
Intangible Assets	0.98	0.47	0.84	0.98	0.96	0.87	0.97	0.86	0.57	0.91	0.69	0.83		0.97	0.97	0.96	0.65	0.95	0.96	0.77	0.74	0.79	0.93	0.93	-0.92	0.99
Common Stock	0.99	0.45	0.84	0.98	0.99	0.86	0.95	0.91	0.56	0.96	0.77	0.84	0.97		0.99	0.95	0.6	0.98	0.93	0.81	0.79	0.83	0.98	0.91	-0.8	0.95
Property Plant Equipment	0.98	0.39	0.8	0.98	0.98	0.83	0.94	0.93	0.5	0.97	0.81	0.8	0.97	0.99		0.95	0.61	0.97	0.93	0.83	0.77	0.82	0.98	0.89	-0.8	0.95
Other Liab	0.95	0.43	0.83	0.94	0.92	0.89	0.94	0.81	0.67	0.88	0.64	0.84	0.96	0.95	0.95		0.73	0.9	0.92	0.69	0.81	0.7	0.89	0.86	-0.85	0.95
Good Will	0.58	0.54	0.69	0.56	0.53	0.71	0.57	0.32	0.65	0.47	0.11	0.73	0.65	0.6	0.61	0.73		0.46	0.66	0.27	0.82	0.14	0.49	0.52	-0.6	0.63
Net Tangible Assets	0.98	0.36	0.76	0.99	0.99	0.78	0.96	0.94	0.43	0.96	0.84	0.74	0.95	0.98	0.97	0.9	0.46		0.89	0.85	0.65	0.88	0.98	0.92	-0.8	0.95
Non Current Assets Total	0.94	0.57	0.91	0.94	0.93	0.92	0.9	0.82	0.6	0.9	0.62	0.9	0.96	0.93	0.93	0.92	0.66	0.89		0.8	0.78	0.78	0.9	0.93	-0.93	0.93
Non Currrent Assets Other	0.82	0.32	0.63	0.83	0.88	0.6	0.74	0.93	0.24	0.92	0.84	0.61	0.77	0.81	0.83	0.69	0.27	0.85	0.8		0.51	0.86	0.85	0.77	-0.62	0.74
Non Current Liabilities Total	0.73	0.61	0.84	0.71	0.72	0.82	0.68	0.58	0.73	0.72	0.37	0.89	0.74	0.79	0.77	0.81	0.82	0.65	0.78	0.51		0.47	0.72	0.64	-0.59	0.7
Other Stockholder Equity	0.84	0.31	0.64	0.85	0.88	0.64	0.76	0.92	0.35	0.89	0.84	0.6	0.79	0.83	0.82	0.7	0.14	0.88	0.78	0.86	0.47		0.89	0.77	-0.68	0.79
Deferred Long Term Liab	0.97	0.45	0.81	0.97	0.99	0.8	0.93	0.94	0.48	0.98	0.82	0.8	0.93	0.98	0.98	0.89	0.49	0.98	0.9	0.85	0.72	0.89		0.91	-0.75	0.92
Total Current Assets	0.95	0.55	0.87	0.95	0.93	0.87	0.95	0.8	0.5	0.87	0.63	0.84	0.93	0.91	0.89	0.86	0.52	0.92	0.93	0.77	0.64	0.77	0.91		-0.88	0.91
Long Term Debt	-0.86	-0.46	-0.79	-0.86	-0.8	-0.86	-0.85	-0.67	-0.56	-0.73	-0.48	-0.77	-0.92	-0.8	-0.8	-0.85	-0.6	-0.8	-0.93	-0.62	-0.59	-0.68	-0.75	-0.88		-0.91
Common Stock Shares Outstanding	0.97	0.43	0.8	0.98	0.94	0.84	0.97	0.84	0.55	0.89	0.69	0.78	0.99	0.95	0.95	0.95	0.63	0.95	0.93	0.74	0.7	0.79	0.92	0.91	-0.91

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GigaDevice SemiconductorBei Account Relationship Matchups

GigaDevice SemiconductorBei fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.2B	11.7B	15.4B	16.6B	16.5B	17.3B
Other Current Liab	145.1M	129.7M	696.9M	399.4M	4.3M	4.0M
Total Current Liabilities	678.1M	776.3M	1.6B	1.2B	986.2M	634.0M
Total Stockholder Equity	5.2B	10.7B	13.5B	15.2B	15.2B	16.0B
Retained Earnings	1.7B	2.8B	4.8B	5.8B	5.6B	5.9B
Accounts Payable	395.0M	420.2M	617.2M	479.3M	501.8M	320.3M
Cash	2.0B	7.4B	6.6B	6.9B	7.3B	7.6B
Other Assets	313.0M	231.7M	646.5M	1.5B	1.7B	1.8B
Net Receivables	201.9M	172.2M	281.8M	142.1M	114.1M	146.8M
Inventory	629.2M	739.2M	1.4B	2.2B	2.0B	2.1B
Other Current Assets	10.5M	9.4M	35.7M	245.3M	376.6M	395.4M
Total Liab	947.5M	1.0B	1.9B	1.5B	1.3B	822.3M
Intangible Assets	253.4M	337.9M	385.3M	411.7M	404.3M	424.5M
Common Stock	284.6M	321.1M	471.6M	667.5M	767.6M	806.0M
Property Plant Equipment	558.2M	711.1M	947.9M	1.1B	1.3B	1.4B
Other Liab	123.3M	187.0M	240.5M	225.7M	259.5M	272.5M
Net Tangible Assets	3.6B	9.2B	12.2B	14.1B	16.2B	17.0B
Non Current Assets Total	3.3B	3.0B	4.4B	5.2B	4.9B	3.2B
Non Currrent Assets Other	94.2M	6.9M	245.3M	972.8M	572.9M	601.5M
Non Current Liabilities Total	269.4M	240.5M	333.6M	262.9M	270.0M	282.0M
Other Stockholder Equity	87.3M	(27.3M)	302.5M	343.7M	395.3M	415.0M
Deferred Long Term Liab	58.9M	47.3M	99.3M	229.6M	264.1M	277.3M
Total Current Assets	2.9B	8.7B	11.0B	11.4B	11.6B	6.9B
Common Stock Shares Outstanding	629.3M	660.3M	667.4M	667.0M	666.9M	692.2M
Net Invested Capital	5.3B	10.7B	13.5B	15.2B	15.2B	10.1B
Net Working Capital	2.2B	8.0B	9.4B	10.2B	10.6B	6.7B
Capital Stock	321.1M	471.6M	667.5M	667.0M	666.9M	564.4M

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

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GigaDevice Net Tangible Assets vs Common Stock Analysis

Net Tangible Assets vs Common Stock

Net Tangible Assets vs Common Stock Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Common Stock

GigaDevice SemiconductorBei fundamental ratios Correlations

GigaDevice SemiconductorBei Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GigaDevice SemiconductorBei fundamental ratios Accounts

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Other Information on Investing in GigaDevice Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Retained Earnings	+ 0.99	Total Stockholder Equity
Net Tangible Assets	+ 0.99	Total Stockholder Equity

Long Term Debt	- 0.93	Non Current Assets Total
Long Term Debt	- 0.92	Intangible Assets
Common Stock Shares Outstanding	- 0.91	Long Term Debt
Long Term Debt	- 0.88	Total Current Assets
Long Term Debt	- 0.86	Accounts Payable
Long Term Debt	- 0.86	Total Stockholder Equity