Hangzhou Net Invested Capital vs Good Will Analysis

688109 Stock

27.38 0.76 2.70%

Hangzhou Pinming financial indicator trend analysis is much more than just examining Hangzhou Pinming Software latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hangzhou Pinming Software is a good investment. Please check the relationship between Hangzhou Pinming Net Invested Capital and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hangzhou Pinming Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Invested Capital vs Good Will

Net Invested Capital vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hangzhou Pinming Software Net Invested Capital account and Good Will. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Hangzhou Pinming's Net Invested Capital and Good Will is -0.47. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Good Will in the same time period over historical financial statements of Hangzhou Pinming Software, assuming nothing else is changed. The correlation between historical values of Hangzhou Pinming's Net Invested Capital and Good Will 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 Invested Capital of Hangzhou Pinming Software are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Invested Capital i.e., Hangzhou Pinming's Net Invested Capital and Good Will go up and down completely randomly.

Correlation Coefficient

-0.47

Relationship Direction	Negative
Relationship Strength	Very Weak

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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.

Most indicators from Hangzhou Pinming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hangzhou Pinming Software 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 Hangzhou Pinming Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

The current year's Tax Provision is expected to grow to about (1.4 M). In addition to that, Selling General Administrative is expected to decline to about 162.7 M

	2021	2022	2023	2024 (projected)
Interest Expense	913.8K	768.3K	561.0K	535.2K
Interest Income	5.1M	2.6M	1.8M	2.2M

Interest Expense Interest Income

Hangzhou Pinming fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Common Stock Shares Outstanding	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Short Term Investments	Capital Lease Obligations	Property Plant And Equipment Gross	Short Long Term Debt
Total Assets		-0.89	0.96	1.0	0.4	0.98	0.34	0.92	0.9	0.92	-0.48	0.97	0.96	0.87	0.94	1.0	1.0	0.84	1.0	0.95	-0.49	0.59	-0.87	0.86	0.87
Other Current Liab	-0.89		-0.97	-0.88	-0.55	-0.89	-0.25	-0.99	-0.76	-0.81	0.53	-0.94	-0.91	-0.71	-0.99	-0.88	-0.88	-0.75	-0.87	-0.85	0.53	-0.53	0.79	-0.77	-0.75
Total Current Liabilities	0.96	-0.97		0.94	0.39	0.97	0.35	0.97	0.79	0.93	-0.57	0.99	0.96	0.73	1.0	0.95	0.95	0.86	0.94	0.94	-0.63	0.6	-0.9	0.8	0.79
Total Stockholder Equity	1.0	-0.88	0.94		0.39	0.98	0.34	0.91	0.9	0.91	-0.47	0.96	0.95	0.88	0.93	1.0	1.0	0.83	1.0	0.95	-0.48	0.59	-0.86	0.86	0.87
Retained Earnings	0.4	-0.55	0.39	0.39		0.28	0.06	0.6	0.44	0.08	0.12	0.39	0.3	0.62	0.46	0.39	0.39	0.11	0.38	0.26	0.36	-0.19	0.01	0.35	0.47
Accounts Payable	0.98	-0.89	0.97	0.98	0.28		0.38	0.9	0.83	0.97	-0.52	0.98	0.96	0.78	0.95	0.98	0.98	0.89	0.98	0.98	-0.61	0.64	-0.94	0.8	0.82
Cash	0.34	-0.25	0.35	0.34	0.06	0.38		0.26	-0.04	0.39	-0.56	0.44	0.13	0.38	0.32	0.34	0.35	0.72	0.34	0.56	-0.43	-0.34	-0.49	0.38	0.63
Non Current Assets Total	0.92	-0.99	0.97	0.91	0.6	0.9	0.26		0.81	0.81	-0.48	0.95	0.92	0.78	0.99	0.91	0.91	0.74	0.9	0.86	-0.46	0.5	-0.77	0.79	0.79
Non Currrent Assets Other	0.9	-0.76	0.79	0.9	0.44	0.83	-0.04	0.81		0.72	-0.25	0.78	0.9	0.85	0.79	0.9	0.9	0.52	0.9	0.72	-0.22	0.67	-0.62	0.81	0.72
Net Receivables	0.92	-0.81	0.93	0.91	0.08	0.97	0.39	0.81	0.72		-0.55	0.94	0.92	0.62	0.89	0.91	0.92	0.92	0.91	0.96	-0.73	0.7	-0.98	0.7	0.7
Good Will	-0.48	0.53	-0.57	-0.47	0.12	-0.52	-0.56	-0.48	-0.25	-0.55		-0.56	-0.48	-0.32	-0.55	-0.47	-0.48	-0.67	-0.47	-0.57	0.86	-0.22	0.69	-0.72	-0.62
Common Stock Shares Outstanding	0.97	-0.94	0.99	0.96	0.39	0.98	0.44	0.95	0.78	0.94	-0.56		0.94	0.77	0.98	0.96	0.96	0.9	0.96	0.97	-0.61	0.54	-0.91	0.8	0.84
Inventory	0.96	-0.91	0.96	0.95	0.3	0.96	0.13	0.92	0.9	0.92	-0.48	0.94		0.73	0.95	0.95	0.96	0.75	0.95	0.88	-0.57	0.77	-0.87	0.8	0.72
Other Current Assets	0.87	-0.71	0.73	0.88	0.62	0.78	0.38	0.78	0.85	0.62	-0.32	0.77	0.73		0.74	0.88	0.87	0.62	0.88	0.76	-0.11	0.23	-0.56	0.86	0.93
Total Liab	0.94	-0.99	1.0	0.93	0.46	0.95	0.32	0.99	0.79	0.89	-0.55	0.98	0.95	0.74		0.93	0.94	0.82	0.93	0.92	-0.58	0.57	-0.86	0.8	0.79
Net Invested Capital	1.0	-0.88	0.95	1.0	0.39	0.98	0.34	0.91	0.9	0.91	-0.47	0.96	0.95	0.88	0.93		1.0	0.83	1.0	0.95	-0.48	0.59	-0.86	0.86	0.87
Total Current Assets	1.0	-0.88	0.95	1.0	0.39	0.98	0.35	0.91	0.9	0.92	-0.48	0.96	0.96	0.87	0.94	1.0		0.84	1.0	0.95	-0.49	0.59	-0.87	0.86	0.87
Capital Stock	0.84	-0.75	0.86	0.83	0.11	0.89	0.72	0.74	0.52	0.92	-0.67	0.9	0.75	0.62	0.82	0.83	0.84		0.83	0.96	-0.74	0.38	-0.95	0.7	0.8
Net Working Capital	1.0	-0.87	0.94	1.0	0.38	0.98	0.34	0.9	0.9	0.91	-0.47	0.96	0.95	0.88	0.93	1.0	1.0	0.83		0.94	-0.48	0.59	-0.86	0.86	0.87
Intangible Assets	0.95	-0.85	0.94	0.95	0.26	0.98	0.56	0.86	0.72	0.96	-0.57	0.97	0.88	0.76	0.92	0.95	0.95	0.96	0.94		-0.64	0.5	-0.95	0.77	0.85
Property Plant And Equipment Net	-0.49	0.53	-0.63	-0.48	0.36	-0.61	-0.43	-0.46	-0.22	-0.73	0.86	-0.61	-0.57	-0.11	-0.58	-0.48	-0.49	-0.74	-0.48	-0.64		-0.52	0.83	-0.5	-0.4
Short Term Investments	0.59	-0.53	0.6	0.59	-0.19	0.64	-0.34	0.5	0.67	0.7	-0.22	0.54	0.77	0.23	0.57	0.59	0.59	0.38	0.59	0.5	-0.52		-0.64	0.39	0.17
Capital Lease Obligations	-0.87	0.79	-0.9	-0.86	0.01	-0.94	-0.49	-0.77	-0.62	-0.98	0.69	-0.91	-0.87	-0.56	-0.86	-0.86	-0.87	-0.95	-0.86	-0.95	0.83	-0.64		-0.72	-0.71
Property Plant And Equipment Gross	0.86	-0.77	0.8	0.86	0.35	0.8	0.38	0.79	0.81	0.7	-0.72	0.8	0.8	0.86	0.8	0.86	0.86	0.7	0.86	0.77	-0.5	0.39	-0.72		0.93
Short Long Term Debt	0.87	-0.75	0.79	0.87	0.47	0.82	0.63	0.79	0.72	0.7	-0.62	0.84	0.72	0.93	0.79	0.87	0.87	0.8	0.87	0.85	-0.4	0.17	-0.71	0.93

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Hangzhou Pinming Account Relationship Matchups

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Other Information on Investing in Hangzhou Stock

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

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Hangzhou Net Invested Capital vs Good Will Analysis

Net Invested Capital vs Good Will

Net Invested Capital vs Good Will Correlation Analysis

Correlation Coefficient

Net Invested Capital

Good Will

Hangzhou Pinming fundamental ratios Correlations

Hangzhou Pinming Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Currently Active Assets on Macroaxis

Other Information on Investing in Hangzhou Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Working Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity

Total Liab	- 0.99	Other Current Liab
Non Current Assets Total	- 0.99	Other Current Liab
Capital Lease Obligations	- 0.98	Net Receivables
Total Current Liabilities	- 0.97	Other Current Liab
Capital Lease Obligations	- 0.95	Intangible Assets
Capital Lease Obligations	- 0.95	Capital Stock