Guangzhou Good Will vs Total Current Assets Analysis

688090 Stock

37.38 1.63 4.18%

Guangzhou Risong financial indicator trend analysis is much more than just examining Guangzhou Risong Int latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangzhou Risong Int is a good investment. Please check the relationship between Guangzhou Risong Good Will and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangzhou Risong Intelligent. 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.

Good Will vs Total Current Assets

Good Will vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangzhou Risong Int Good Will account and Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Guangzhou Risong's Good Will and Total Current Assets is -0.39. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Guangzhou Risong Intelligent, assuming nothing else is changed. The correlation between historical values of Guangzhou Risong's Good Will and Total 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 Good Will of Guangzhou Risong Intelligent are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Good Will i.e., Guangzhou Risong's Good Will and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.39

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Guangzhou Risong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangzhou Risong Int 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 Guangzhou Risong Intelligent. 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 39.8 M, whereas Tax Provision is forecasted to decline to about 809.8 K.

	2022	2023	2024	2025 (projected)
Gross Profit	170.1M	182.5M	209.9M	172.0M
Total Revenue	1.0B	1.0B	1.2B	908.0M

Gross Profit Total Revenue

Guangzhou Risong fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.54	0.97	0.98	-0.37	0.98	0.91	0.82	0.95	0.98	0.82	0.85	-0.63	-0.6	-0.38	-0.6	0.14	-0.26	0.92	-0.95	0.91	0.99	-0.7	0.93	0.94	0.96
Other Current Liab	0.54		0.41	0.58	-0.15	0.57	0.69	0.21	0.62	0.55	0.48	0.27	-0.27	-0.22	0.17	-0.25	-0.13	0.23	0.36	-0.55	0.57	0.52	-0.32	0.54	0.46	0.59
Total Current Liabilities	0.97	0.41		0.92	-0.41	0.93	0.8	0.93	0.89	0.93	0.69	0.84	-0.61	-0.48	-0.38	-0.6	0.23	-0.26	0.95	-0.89	0.86	0.97	-0.67	0.89	0.91	0.9
Total Stockholder Equity	0.98	0.58	0.92		-0.48	0.99	0.9	0.72	0.98	0.93	0.87	0.87	-0.73	-0.68	-0.35	-0.71	-0.04	-0.34	0.82	-0.91	0.85	0.99	-0.8	0.98	0.98	0.91
Other Liab	-0.37	-0.15	-0.41	-0.48		-0.48	-0.1	-0.35	-0.54	-0.17	-0.39	-0.65	0.84	0.47	0.19	0.92	0.56	0.55	-0.13	0.12	-0.08	-0.47	0.81	-0.62	-0.6	-0.11
Net Tangible Assets	0.98	0.57	0.93	0.99	-0.48		0.88	0.74	0.98	0.93	0.82	0.84	-0.72	-0.61	-0.27	-0.71	0.0	-0.32	0.83	-0.9	0.85	0.98	-0.78	0.97	0.98	0.91
Retained Earnings	0.91	0.69	0.8	0.9	-0.1	0.88		0.59	0.85	0.96	0.86	0.67	-0.41	-0.56	-0.31	-0.35	0.18	-0.1	0.81	-0.96	0.89	0.87	-0.5	0.79	0.8	0.97
Accounts Payable	0.82	0.21	0.93	0.72	-0.35	0.74	0.59		0.68	0.77	0.46	0.71	-0.44	-0.26	-0.37	-0.46	0.41	-0.11	0.92	-0.72	0.74	0.83	-0.49	0.7	0.74	0.74
Cash	0.95	0.62	0.89	0.98	-0.54	0.98	0.85	0.68		0.88	0.82	0.86	-0.79	-0.7	-0.34	-0.76	-0.16	-0.39	0.76	-0.87	0.81	0.96	-0.84	0.99	0.97	0.86
Non Current Assets Total	0.98	0.55	0.93	0.93	-0.17	0.93	0.96	0.77	0.88		0.8	0.75	-0.47	-0.52	-0.36	-0.42	0.27	-0.17	0.94	-0.99	0.93	0.94	-0.55	0.84	0.86	1.0
Non Currrent Assets Other	0.82	0.48	0.69	0.87	-0.39	0.82	0.86	0.46	0.82	0.8		0.83	-0.64	-0.81	-0.54	-0.57	-0.15	-0.4	0.62	-0.82	0.7	0.81	-0.71	0.8	0.82	0.78
Other Assets	0.85	0.27	0.84	0.87	-0.65	0.84	0.67	0.71	0.86	0.75	0.83		-0.86	-0.75	-0.63	-0.81	-0.2	-0.57	0.71	-0.76	0.69	0.88	-0.9	0.89	0.9	0.7
Long Term Debt	-0.63	-0.27	-0.61	-0.73	0.84	-0.72	-0.41	-0.44	-0.79	-0.47	-0.64	-0.86		0.74	0.39	0.97	0.58	0.63	-0.36	0.48	-0.45	-0.7	0.99	-0.85	-0.8	-0.42
Net Receivables	-0.6	-0.22	-0.48	-0.68	0.47	-0.61	-0.56	-0.26	-0.7	-0.52	-0.81	-0.75	0.74		0.71	0.64	0.49	0.62	-0.36	0.56	-0.48	-0.62	0.78	-0.7	-0.7	-0.48
Good Will	-0.38	0.17	-0.38	-0.35	0.19	-0.27	-0.31	-0.37	-0.34	-0.36	-0.54	-0.63	0.39	0.71		0.26	0.13	0.53	-0.41	0.4	-0.33	-0.39	0.42	-0.33	-0.39	-0.3
Non Current Liabilities Total	-0.6	-0.25	-0.6	-0.71	0.92	-0.71	-0.35	-0.46	-0.76	-0.42	-0.57	-0.81	0.97	0.64	0.26		0.55	0.62	-0.33	0.41	-0.36	-0.68	0.96	-0.83	-0.8	-0.37
Inventory	0.14	-0.13	0.23	-0.04	0.56	0.0	0.18	0.41	-0.16	0.27	-0.15	-0.2	0.58	0.49	0.13	0.55		0.48	0.46	-0.22	0.24	0.06	0.53	-0.19	-0.12	0.3
Other Current Assets	-0.26	0.23	-0.26	-0.34	0.55	-0.32	-0.1	-0.11	-0.39	-0.17	-0.4	-0.57	0.63	0.62	0.53	0.62	0.48		-0.1	0.18	0.05	-0.31	0.63	-0.4	-0.44	-0.1
Total Liab	0.92	0.36	0.95	0.82	-0.13	0.83	0.81	0.92	0.76	0.94	0.62	0.71	-0.36	-0.36	-0.41	-0.33	0.46	-0.1		-0.9	0.88	0.89	-0.44	0.74	0.77	0.92
Deferred Long Term Liab	-0.95	-0.55	-0.89	-0.91	0.12	-0.9	-0.96	-0.72	-0.87	-0.99	-0.82	-0.76	0.48	0.56	0.4	0.41	-0.22	0.18	-0.9		-0.94	-0.92	0.57	-0.82	-0.83	-0.98
Short Long Term Debt	0.91	0.57	0.86	0.85	-0.08	0.85	0.89	0.74	0.81	0.93	0.7	0.69	-0.45	-0.48	-0.33	-0.36	0.24	0.05	0.88	-0.94		0.88	-0.52	0.79	0.77	0.93
Total Current Assets	0.99	0.52	0.97	0.99	-0.47	0.98	0.87	0.83	0.96	0.94	0.81	0.88	-0.7	-0.62	-0.39	-0.68	0.06	-0.31	0.89	-0.92	0.88		-0.77	0.96	0.97	0.92
Non Current Liabilities Other	-0.7	-0.32	-0.67	-0.8	0.81	-0.78	-0.5	-0.49	-0.84	-0.55	-0.71	-0.9	0.99	0.78	0.42	0.96	0.53	0.63	-0.44	0.57	-0.52	-0.77		-0.89	-0.85	-0.5
Intangible Assets	0.93	0.54	0.89	0.98	-0.62	0.97	0.79	0.7	0.99	0.84	0.8	0.89	-0.85	-0.7	-0.33	-0.83	-0.19	-0.4	0.74	-0.82	0.79	0.96	-0.89		0.98	0.81
Common Stock	0.94	0.46	0.91	0.98	-0.6	0.98	0.8	0.74	0.97	0.86	0.82	0.9	-0.8	-0.7	-0.39	-0.8	-0.12	-0.44	0.77	-0.83	0.77	0.97	-0.85	0.98		0.83
Property Plant Equipment	0.96	0.59	0.9	0.91	-0.11	0.91	0.97	0.74	0.86	1.0	0.78	0.7	-0.42	-0.48	-0.3	-0.37	0.3	-0.1	0.92	-0.98	0.93	0.92	-0.5	0.81	0.83

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Guangzhou Risong Account Relationship Matchups

Guangzhou Risong fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.6B	1.7B	1.8B	1.7B	1.9B	1.5B
Other Current Liab	173.7M	152.4M	94.9M	36.5M	42.0M	39.9M
Total Current Liabilities	602.9M	607.0M	830.9M	705.3M	811.1M	620.6M
Total Stockholder Equity	933.6M	946.2M	869.6M	901.3M	1.0B	725.6M
Other Liab	87.1M	88.9M	47.2M	44.2M	39.7M	54.6M
Net Tangible Assets	376.4M	441.0M	869.2M	884.6M	1.0B	564.4M
Retained Earnings	204.5M	217.0M	123.3M	161.3M	185.5M	147.5M
Accounts Payable	285.4M	295.0M	439.2M	351.4M	404.2M	339.2M
Cash	544.2M	469.5M	478.4M	446.8M	513.8M	400.8M
Non Current Assets Total	432.7M	439.3M	454.2M	453.5M	521.5M	400.3M
Non Currrent Assets Other	8.5M	13.7M	1.4M	9.5M	11.0M	11.5M
Other Assets	6.6M	8.0M	17.0M	24.8M	28.5M	29.9M
Long Term Debt	23.2M	19.0M	14.8M	24M	21.6M	20.5M
Net Receivables	179.0M	196.1M	223.4M	199.9M	179.9M	168.5M
Non Current Liabilities Total	70.5M	66.8M	56.6M	57.9M	52.1M	102.2M
Inventory	158.1M	186.7M	258.1M	273.1M	245.8M	200.1M
Other Current Assets	16.9M	37.8M	27.1M	734.8K	661.3K	628.3K
Total Liab	673.4M	673.9M	887.5M	763.2M	877.7M	761.1M
Deferred Long Term Liab	2.4M	1.2M	808.0K	345.1K	310.6K	295.1K
Short Long Term Debt	121.0M	135.0M	143.2M	106.1M	122.0M	121.1M
Total Current Assets	1.2B	1.2B	1.3B	1.2B	1.4B	1.1B
Non Current Liabilities Other	135M	149.6M	11.2K	11.5K	10.3K	9.8K
Intangible Assets	63.8M	61.1M	62.6M	58.1M	66.8M	48.7M
Property Plant Equipment	272.3M	335.5M	346.3M	347.9M	400.0M	272.7M
Net Invested Capital	1.1B	1.1B	1.0B	1.0B	1.2B	982.9M
Net Working Capital	612.0M	613.5M	490.9M	531.0M	610.6M	518.3M
Property Plant And Equipment Net	346.3M	347.9M	337.7M	321.6M	289.4M	270.2M
Property Plant And Equipment Gross	391.5M	407.6M	416.6M	419.0M	481.8M	441.0M

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

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Guangzhou Good Will vs Total Current Assets Analysis

Good Will vs Total Current Assets

Good Will vs Total Current Assets Correlation Analysis

Correlation Coefficient

Good Will

Total Current Assets

Guangzhou Risong fundamental ratios Correlations

Guangzhou Risong Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Guangzhou Risong fundamental ratios Accounts

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Other Information on Investing in Guangzhou Stock

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Property Plant Equipment	+ 1.0	Non Current Assets Total
Total Current Assets	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Stockholder Equity
Intangible Assets	+ 0.99	Cash
Non Current Liabilities Other	+ 0.99	Long Term Debt

Deferred Long Term Liab	- 0.99	Non Current Assets Total
Property Plant Equipment	- 0.98	Deferred Long Term Liab
Deferred Long Term Liab	- 0.96	Retained Earnings
Deferred Long Term Liab	- 0.95	Total Assets
Short Long Term Debt	- 0.94	Deferred Long Term Liab
Total Current Assets	- 0.92	Deferred Long Term Liab