GigaDevice Non Currrent Assets Other vs Total Assets Analysis

603986 Stock   85.78  0.54  0.63%   
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 Non Currrent Assets Other and its Total Assets 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.

Non Currrent Assets Other vs Total Assets

Non Currrent Assets Other vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GigaDevice SemiconductorBei Non Currrent Assets Other account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between GigaDevice SemiconductorBei's Non Currrent Assets Other and Total Assets is 0.82. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Assets 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 Non Currrent Assets Other and Total 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 Non Currrent Assets Other of GigaDevice SemiconductorBeiji are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Non Currrent Assets Other i.e., GigaDevice SemiconductorBei's Non Currrent Assets Other and Total Assets go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Total Assets

Total assets refers to the total amount of GigaDevice SemiconductorBei assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in GigaDevice SemiconductorBei books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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 30, 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 Income2.5B2.3B404.4M694.2M
Total Revenue8.5B8.1B5.8B3.4B

GigaDevice SemiconductorBei fundamental ratios Correlations

0.480.851.00.990.860.980.90.550.950.740.830.980.990.980.950.580.980.940.820.730.840.970.95-0.860.97
0.480.820.450.470.710.420.20.730.42-0.080.810.470.450.390.430.540.360.570.320.610.310.450.55-0.460.43
0.850.820.830.840.970.80.630.790.80.380.990.840.840.80.830.690.760.910.630.840.640.810.87-0.790.8
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0.990.470.840.990.840.950.940.510.980.80.820.960.990.980.920.530.990.930.880.720.880.990.93-0.80.94
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0.980.420.80.980.950.830.840.520.890.690.780.970.950.940.940.570.960.90.740.680.760.930.95-0.850.97
0.90.20.630.910.940.650.840.280.960.950.610.860.910.930.810.320.940.820.930.580.920.940.8-0.670.84
0.550.730.790.520.510.820.520.280.470.020.810.570.560.50.670.650.430.60.240.730.350.480.5-0.560.55
0.950.420.80.950.980.80.890.960.470.840.790.910.960.970.880.470.960.90.920.720.890.980.87-0.730.89
0.74-0.080.380.760.80.40.690.950.020.840.360.690.770.810.640.110.840.620.840.370.840.820.63-0.480.69
0.830.810.990.810.820.970.780.610.810.790.360.830.840.80.840.730.740.90.610.890.60.80.84-0.770.78
0.980.470.840.980.960.870.970.860.570.910.690.830.970.970.960.650.950.960.770.740.790.930.93-0.920.99
0.990.450.840.980.990.860.950.910.560.960.770.840.970.990.950.60.980.930.810.790.830.980.91-0.80.95
0.980.390.80.980.980.830.940.930.50.970.810.80.970.990.950.610.970.930.830.770.820.980.89-0.80.95
0.950.430.830.940.920.890.940.810.670.880.640.840.960.950.950.730.90.920.690.810.70.890.86-0.850.95
0.580.540.690.560.530.710.570.320.650.470.110.730.650.60.610.730.460.660.270.820.140.490.52-0.60.63
0.980.360.760.990.990.780.960.940.430.960.840.740.950.980.970.90.460.890.850.650.880.980.92-0.80.95
0.940.570.910.940.930.920.90.820.60.90.620.90.960.930.930.920.660.890.80.780.780.90.93-0.930.93
0.820.320.630.830.880.60.740.930.240.920.840.610.770.810.830.690.270.850.80.510.860.850.77-0.620.74
0.730.610.840.710.720.820.680.580.730.720.370.890.740.790.770.810.820.650.780.510.470.720.64-0.590.7
0.840.310.640.850.880.640.760.920.350.890.840.60.790.830.820.70.140.880.780.860.470.890.77-0.680.79
0.970.450.810.970.990.80.930.940.480.980.820.80.930.980.980.890.490.980.90.850.720.890.91-0.750.92
0.950.550.870.950.930.870.950.80.50.870.630.840.930.910.890.860.520.920.930.770.640.770.91-0.880.91
-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
0.970.430.80.980.940.840.970.840.550.890.690.780.990.950.950.950.630.950.930.740.70.790.920.91-0.91
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GigaDevice SemiconductorBei Account Relationship Matchups

GigaDevice SemiconductorBei fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.2B11.7B15.4B16.6B16.5B17.3B
Other Current Liab145.1M129.7M696.9M399.4M4.3M4.0M
Total Current Liabilities678.1M776.3M1.6B1.2B986.2M634.0M
Total Stockholder Equity5.2B10.7B13.5B15.2B15.2B16.0B
Retained Earnings1.7B2.8B4.8B5.8B5.6B5.9B
Accounts Payable395.0M420.2M617.2M479.3M501.8M320.3M
Cash2.0B7.4B6.6B6.9B7.3B7.6B
Other Assets313.0M231.7M646.5M1.5B1.7B1.8B
Net Receivables201.9M172.2M281.8M142.1M114.1M146.8M
Inventory629.2M739.2M1.4B2.2B2.0B2.1B
Other Current Assets10.5M9.4M35.7M245.3M376.6M395.4M
Total Liab947.5M1.0B1.9B1.5B1.3B822.3M
Intangible Assets253.4M337.9M385.3M411.7M404.3M424.5M
Common Stock284.6M321.1M471.6M667.5M767.6M806.0M
Property Plant Equipment558.2M711.1M947.9M1.1B1.3B1.4B
Other Liab123.3M187.0M240.5M225.7M259.5M272.5M
Net Tangible Assets3.6B9.2B12.2B14.1B16.2B17.0B
Non Current Assets Total3.3B3.0B4.4B5.2B4.9B3.2B
Non Currrent Assets Other94.2M6.9M245.3M972.8M572.9M601.5M
Non Current Liabilities Total269.4M240.5M333.6M262.9M270.0M282.0M
Other Stockholder Equity87.3M(27.3M)302.5M343.7M395.3M415.0M
Deferred Long Term Liab58.9M47.3M99.3M229.6M264.1M277.3M
Total Current Assets2.9B8.7B11.0B11.4B11.6B6.9B
Common Stock Shares Outstanding629.3M660.3M667.4M667.0M666.9M692.2M
Net Invested Capital5.3B10.7B13.5B15.2B15.2B10.1B
Net Working Capital2.2B8.0B9.4B10.2B10.6B6.7B
Capital Stock321.1M471.6M667.5M667.0M666.9M564.4M

Currently Active Assets on Macroaxis

Other Information on Investing in GigaDevice Stock

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.