Shanghai Total Revenue vs Total Current Assets Analysis

688217 Stock

20.89 0.14 0.67%

Shanghai Rightongene financial indicator trend analysis is much more than just breaking down Shanghai Rightongene prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Rightongene is a good investment. Please check the relationship between Shanghai Rightongene Total Revenue and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Rightongene Biotechnology. 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.

Total Revenue vs Total Current Assets

Total Revenue vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Rightongene Total Revenue account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Shanghai Rightongene's Total Revenue and Total Current Assets is 0.83. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Shanghai Rightongene Biotechnology, assuming nothing else is changed. The correlation between historical values of Shanghai Rightongene's Total Revenue 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 Total Revenue of Shanghai Rightongene Biotechnology 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 Total Revenue i.e., Shanghai Rightongene's Total Revenue and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

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Total Revenue

Total revenue comprises all receipts Shanghai Rightongene generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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 Shanghai Rightongene's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Rightongene 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 Shanghai Rightongene Biotechnology. 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 Selling General Administrative is expected to grow to about 91.4 M, whereas Tax Provision is projected to grow to (4.4 M).

	2021	2022	2023	2024 (projected)
Interest Income	2.6M	2.2M	3.8M	2.8M
Net Interest Income	2.0M	1.6M	2.9M	2.2M

Interest Income Net Interest Income

Shanghai Rightongene 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	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross	Short Long Term Debt	Non Current Liabilities Other
Total Assets		-0.99	0.62	1.0	0.99	0.28	0.82	0.97	-0.1	0.79	0.45	0.98	0.9	0.82	-0.97	0.85	0.99	0.97	0.98	0.97	0.78	0.89	-0.59	0.91	0.89	0.64
Other Current Liab	-0.99		-0.59	-0.99	-0.99	-0.23	-0.78	-0.94	0.12	-0.76	-0.57	-0.97	-0.89	-0.73	0.96	-0.83	-0.98	-0.97	-0.97	-0.98	-0.81	-0.84	0.63	-0.86	-0.85	-0.65
Total Current Liabilities	0.62	-0.59		0.55	0.6	0.9	0.92	0.52	0.46	0.96	0.11	0.51	0.41	0.58	-0.64	0.91	0.54	0.68	0.51	0.58	0.09	0.47	0.18	0.48	0.26	0.84
Total Stockholder Equity	1.0	-0.99	0.55		0.98	0.21	0.76	0.96	-0.13	0.74	0.45	0.99	0.89	0.81	-0.97	0.8	1.0	0.96	0.99	0.97	0.8	0.89	-0.67	0.91	0.91	0.6
Retained Earnings	0.99	-0.99	0.6	0.98		0.23	0.81	0.98	-0.14	0.77	0.5	0.96	0.93	0.8	-0.94	0.85	0.99	0.94	0.96	0.94	0.8	0.89	-0.57	0.91	0.88	0.58
Accounts Payable	0.28	-0.23	0.9	0.21	0.23		0.68	0.15	0.71	0.78	-0.22	0.19	0.0	0.39	-0.36	0.66	0.2	0.39	0.19	0.28	-0.33	0.16	0.45	0.17	-0.07	0.71
Cash	0.82	-0.78	0.92	0.76	0.81	0.68		0.78	0.11	0.97	0.2	0.71	0.72	0.76	-0.76	0.99	0.75	0.8	0.71	0.72	0.44	0.75	-0.06	0.75	0.57	0.78
Non Current Assets Total	0.97	-0.94	0.52	0.96	0.98	0.15	0.78		-0.28	0.71	0.37	0.93	0.97	0.86	-0.87	0.81	0.97	0.87	0.93	0.88	0.84	0.96	-0.57	0.97	0.94	0.49
Non Currrent Assets Other	-0.1	0.12	0.46	-0.13	-0.14	0.71	0.11	-0.28		0.29	-0.14	-0.12	-0.43	-0.04	-0.09	0.14	-0.15	0.09	-0.12	0.02	-0.67	-0.32	0.47	-0.31	-0.44	0.26
Net Receivables	0.79	-0.76	0.96	0.74	0.77	0.78	0.97	0.71	0.29		0.17	0.71	0.61	0.73	-0.79	0.97	0.73	0.83	0.71	0.75	0.32	0.67	-0.06	0.68	0.5	0.86
Good Will	0.45	-0.57	0.11	0.45	0.5	-0.22	0.2	0.37	-0.14	0.17		0.43	0.47	-0.12	-0.47	0.29	0.44	0.49	0.43	0.52	0.57	0.13	-0.47	0.15	0.26	0.24
Common Stock Shares Outstanding	0.98	-0.97	0.51	0.99	0.96	0.19	0.71	0.93	-0.12	0.71	0.43		0.84	0.79	-0.97	0.75	0.99	0.96	1.0	0.98	0.79	0.87	-0.72	0.88	0.91	0.61
Non Current Liabilities Total	0.9	-0.89	0.41	0.89	0.93	0.0	0.72	0.97	-0.43	0.61	0.47	0.84		0.75	-0.76	0.75	0.9	0.77	0.84	0.78	0.9	0.92	-0.54	0.92	0.9	0.36
Inventory	0.82	-0.73	0.58	0.81	0.8	0.39	0.76	0.86	-0.04	0.73	-0.12	0.79	0.75		-0.74	0.75	0.82	0.73	0.79	0.71	0.52	0.94	-0.32	0.94	0.83	0.43
Other Current Assets	-0.97	0.96	-0.64	-0.97	-0.94	-0.36	-0.76	-0.87	-0.09	-0.79	-0.47	-0.97	-0.76	-0.74		-0.8	-0.96	-1.0	-0.97	-1.0	-0.66	-0.77	0.61	-0.79	-0.79	-0.71
Total Liab	0.85	-0.83	0.91	0.8	0.85	0.66	0.99	0.81	0.14	0.97	0.29	0.75	0.75	0.75	-0.8		0.79	0.84	0.75	0.77	0.47	0.75	-0.11	0.76	0.59	0.77
Net Invested Capital	0.99	-0.98	0.54	1.0	0.99	0.2	0.75	0.97	-0.15	0.73	0.44	0.99	0.9	0.82	-0.96	0.79		0.96	0.99	0.97	0.81	0.9	-0.67	0.92	0.92	0.58
Total Current Assets	0.97	-0.97	0.68	0.96	0.94	0.39	0.8	0.87	0.09	0.83	0.49	0.96	0.77	0.73	-1.0	0.84	0.96		0.96	0.99	0.66	0.77	-0.58	0.79	0.77	0.75
Capital Stock	0.98	-0.97	0.51	0.99	0.96	0.19	0.71	0.93	-0.12	0.71	0.43	1.0	0.84	0.79	-0.97	0.75	0.99	0.96		0.98	0.79	0.87	-0.72	0.88	0.91	0.61
Net Working Capital	0.97	-0.98	0.58	0.97	0.94	0.28	0.72	0.88	0.02	0.75	0.52	0.98	0.78	0.71	-1.0	0.77	0.97	0.99	0.98		0.72	0.77	-0.67	0.79	0.81	0.69
Intangible Assets	0.78	-0.81	0.09	0.8	0.8	-0.33	0.44	0.84	-0.67	0.32	0.57	0.79	0.9	0.52	-0.66	0.47	0.81	0.66	0.79	0.72		0.77	-0.8	0.78	0.88	0.26
Property Plant And Equipment Net	0.89	-0.84	0.47	0.89	0.89	0.16	0.75	0.96	-0.32	0.67	0.13	0.87	0.92	0.94	-0.77	0.75	0.9	0.77	0.87	0.77	0.77		-0.5	1.0	0.95	0.4
Capital Lease Obligations	-0.59	0.63	0.18	-0.67	-0.57	0.45	-0.06	-0.57	0.47	-0.06	-0.47	-0.72	-0.54	-0.32	0.61	-0.11	-0.67	-0.58	-0.72	-0.67	-0.8	-0.5		-0.52	-0.75	-0.18
Property Plant And Equipment Gross	0.91	-0.86	0.48	0.91	0.91	0.17	0.75	0.97	-0.31	0.68	0.15	0.88	0.92	0.94	-0.79	0.76	0.92	0.79	0.88	0.79	0.78	1.0	-0.52		0.95	0.42
Short Long Term Debt	0.89	-0.85	0.26	0.91	0.88	-0.07	0.57	0.94	-0.44	0.5	0.26	0.91	0.9	0.83	-0.79	0.59	0.92	0.77	0.91	0.81	0.88	0.95	-0.75	0.95		0.33
Non Current Liabilities Other	0.64	-0.65	0.84	0.6	0.58	0.71	0.78	0.49	0.26	0.86	0.24	0.61	0.36	0.43	-0.71	0.77	0.58	0.75	0.61	0.69	0.26	0.4	-0.18	0.42	0.33

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

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Shanghai Total Revenue vs Total Current Assets Analysis

Total Revenue vs Total Current Assets

Total Revenue vs Total Current Assets Correlation Analysis

Correlation Coefficient

Total Revenue

Total Current Assets

Shanghai Rightongene fundamental ratios Correlations

Shanghai Rightongene Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Other Information on Investing in Shanghai Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Capital Stock	+ 1.0	Common Stock Shares Outstanding
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Retained Earnings	+ 0.99	Total Assets
Net Invested Capital	+ 0.99	Total Assets

Net Working Capital	- 1.0	Other Current Assets
Total Current Assets	- 1.0	Other Current Assets
Retained Earnings	- 0.99	Other Current Liab
Total Stockholder Equity	- 0.99	Other Current Liab
Other Current Liab	- 0.99	Total Assets
Net Working Capital	- 0.98	Other Current Liab