Hunan Long Term Investments vs Other Current Assets Analysis

603998 Stock   11.28  0.09  0.80%   
Hunan Fangsheng financial indicator trend analysis is much more than just examining Hunan Fangsheng Pharm latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hunan Fangsheng Pharm is a good investment. Please check the relationship between Hunan Fangsheng Long Term Investments and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hunan Fangsheng Pharm. 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.

Long Term Investments vs Other Current Assets

Long Term Investments vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hunan Fangsheng Pharm Long Term Investments account and Other Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Hunan Fangsheng's Long Term Investments and Other Current Assets is 0.23. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Hunan Fangsheng Pharm, assuming nothing else is changed. The correlation between historical values of Hunan Fangsheng's Long Term Investments and Other Current 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 Long Term Investments of Hunan Fangsheng Pharm are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Long Term Investments i.e., Hunan Fangsheng's Long Term Investments and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.23
Relationship DirectionPositive 
Relationship StrengthVery Weak

Long Term Investments

Long Term Investments is an item on the asset side of Hunan Fangsheng balance sheet that represents investments Hunan Fangsheng Pharm intends to hold for over a year. Hunan Fangsheng Pharm long term investments may include different instruments such as stocks, bonds, real estate and cash.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Hunan Fangsheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hunan Fangsheng Pharm 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 Hunan Fangsheng Pharm. 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 December 11, 2024, Selling General Administrative is expected to decline to about 385.3 M. In addition to that, Tax Provision is expected to decline to about 23.2 M
 2021 2022 2023 2024 (projected)
Operating Income143.5M210.5M204.4M125.2M
Total Revenue1.6B1.8B1.6B976.7M

Hunan Fangsheng fundamental ratios Correlations

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0.550.480.430.540.510.140.140.650.60.480.550.470.540.440.41-0.40.620.360.470.520.680.340.310.60.55
0.890.480.780.840.840.910.150.850.840.880.290.990.890.740.98-0.490.620.660.950.940.920.70.90.890.67
0.950.430.780.950.970.660.510.80.860.910.330.790.920.890.85-0.220.50.470.780.740.690.630.820.680.75
0.960.540.840.950.960.640.330.910.940.920.360.820.960.940.87-0.390.690.420.830.810.80.560.860.820.82
0.980.510.840.970.960.70.40.850.90.960.460.860.970.890.89-0.20.550.60.850.80.770.740.860.740.81
0.750.140.910.660.640.70.110.610.630.760.140.920.730.560.92-0.310.330.670.880.830.740.730.820.670.44
0.330.140.150.510.330.40.110.140.10.20.060.180.230.20.230.060.010.240.090.110.080.220.070.090.05
0.90.650.850.80.910.850.610.140.940.870.430.820.920.780.81-0.460.860.50.860.880.920.520.860.950.86
0.910.60.840.860.940.90.630.10.940.920.410.820.940.90.85-0.410.720.410.840.810.830.530.90.850.93
0.980.480.880.910.920.960.760.20.870.920.420.890.960.860.9-0.170.530.650.920.880.810.770.930.770.81
0.440.550.290.330.360.460.140.060.430.410.420.340.480.320.280.120.360.530.350.310.410.60.230.30.53
0.90.470.990.790.820.860.920.180.820.820.890.340.890.730.98-0.410.560.720.960.930.90.770.890.850.66
0.980.540.890.920.960.970.730.230.920.940.960.480.890.880.9-0.30.680.590.910.870.870.730.90.830.83
0.870.440.740.890.940.890.560.20.780.90.860.320.730.880.79-0.320.520.270.710.660.630.490.80.660.82
0.910.410.980.850.870.890.920.230.810.850.90.280.980.90.79-0.440.530.620.930.890.850.720.890.810.68
-0.24-0.4-0.49-0.22-0.39-0.2-0.310.06-0.46-0.41-0.170.12-0.41-0.3-0.32-0.44-0.650.17-0.31-0.34-0.540.18-0.25-0.58-0.28
0.60.620.620.50.690.550.330.010.860.720.530.360.560.680.520.53-0.650.230.60.660.810.190.560.880.66
0.650.360.660.470.420.60.670.240.50.410.650.530.720.590.270.620.170.230.730.720.620.920.570.510.33
0.930.470.950.780.830.850.880.090.860.840.920.350.960.910.710.93-0.310.60.730.980.930.770.920.860.65
0.90.520.940.740.810.80.830.110.880.810.880.310.930.870.660.89-0.340.660.720.980.940.70.890.910.6
0.850.680.920.690.80.770.740.080.920.830.810.410.90.870.630.85-0.540.810.620.930.940.620.80.940.66
0.750.340.70.630.560.740.730.220.520.530.770.60.770.730.490.720.180.190.920.770.70.620.640.460.45
0.90.310.90.820.860.860.820.070.860.90.930.230.890.90.80.89-0.250.560.570.920.890.80.640.830.76
0.820.60.890.680.820.740.670.090.950.850.770.30.850.830.660.81-0.580.880.510.860.910.940.460.830.71
0.770.550.670.750.820.810.440.050.860.930.810.530.660.830.820.68-0.280.660.330.650.60.660.450.760.71
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Hunan Fangsheng Account Relationship Matchups

Hunan Fangsheng fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B2.2B2.7B2.9B3.1B1.7B
Other Current Liab126.2M137.0M626.4M271.5M7.1M6.7M
Total Current Liabilities689.1M876.5M1.3B999.6M1.2B1.3B
Total Stockholder Equity1.1B1.2B1.2B1.4B1.5B1.0B
Other Liab73.1M75.2M80.6M70.9M81.5M55.0M
Retained Earnings578.1M590.5M634.8M816.7M715.9M486.4M
Accounts Payable94.9M103.5M117.2M165.6M245.8M258.1M
Cash156.1M318.8M258.9M399.7M209.0M292.0M
Other Assets133.0M172.3M192.2M116.7M134.2M75.9M
Net Receivables203.2M182.9M243.3M177.5M209.6M131.4M
Inventory206.5M209.8M256.7M303.4M328.3M180.9M
Other Current Assets45.8M41.8M50.7M90.8M13.7M13.0M
Total Liab792.5M977.0M1.4B1.4B1.5B1.6B
Intangible Assets242.5M227.0M250.0M273.7M267.7M178.7M
Common Stock428.6M434.5M429.4M439.3M505.2M322.8M
Property Plant Equipment601.4M657.1M823.0M841.3M967.4M1.0B
Net Tangible Assets632.2M673.8M567.4M870.0M783.0M573.6M
Deferred Long Term Liab36.3M43.0M41.1M8.1M9.3M8.8M
Total Current Assets644.9M795.7M866.6M1.2B920.7M841.1M
Non Current Assets Total1.3B1.4B1.8B1.7B2.2B1.5B
Non Currrent Assets Other45.6M78.2M103.7M75.2M116.0M63.2M
Good Will252.1M250.9M378.7M246.4M274.4M234.5M
Non Current Liabilities Total103.4M100.5M145.4M414.6M244.2M161.8M
Short Long Term Debt275.7M408.5M443.5M210.2M309.2M269.3M
Common Stock Shares Outstanding428.6M434.5M429.4M439.6M439.7M476.5M
Net Invested Capital1.4B1.6B1.7B1.9B1.9B1.7B
Net Working Capital(44.2M)(80.8M)(388.8M)191.5M(327.4M)(311.0M)

Currently Active Assets on Macroaxis

Other Information on Investing in Hunan Stock

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