Union Total Current Assets vs Other Current Assets Analysis

688403 Stock   9.20  0.57  5.83%   
Union Semiconductor financial indicator trend analysis is much more than just breaking down Union Semiconductor prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Union Semiconductor is a good investment. Please check the relationship between Union Semiconductor Total Current Assets and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Union Semiconductor Co. 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 Current Assets vs Other Current Assets

Total Current Assets vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Union Semiconductor Total Current Assets account and Other Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Union Semiconductor's Total Current Assets and Other Current Assets is 0.91. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Union Semiconductor Co, assuming nothing else is changed. The correlation between historical values of Union Semiconductor's Total Current Assets 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 Total Current Assets of Union Semiconductor Co 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 Total Current Assets i.e., Union Semiconductor's Total Current Assets and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

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 Union Semiconductor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Union Semiconductor 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 Union Semiconductor Co. 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.
As of November 24, 2024, Selling General Administrative is expected to decline to about 30 M. In addition to that, Tax Provision is expected to decline to about (422.2 K)
 2021 2022 2023 2024 (projected)
Interest Expense271.7K8.7M4.8K4.5K
Interest Income839.7K2.2M2.1M1.6M

Union Semiconductor fundamental ratios Correlations

-0.3-0.61-0.510.330.260.360.220.430.230.390.17-0.11-0.320.16-0.580.420.71-0.380.330.250.110.60.210.47-0.43
-0.30.840.81-0.970.08-0.96-0.91-0.94-0.85-0.95-0.9-0.81-0.32-0.940.88-0.94-0.610.92-0.96-0.920.39-0.85-0.94-0.73-0.59
-0.610.840.8-0.87-0.34-0.86-0.85-0.97-0.87-0.78-0.82-0.58-0.38-0.790.99-0.94-0.590.72-0.87-0.87-0.04-0.75-0.82-0.53-0.39
-0.510.810.8-0.75-0.3-0.74-0.74-0.84-0.75-0.67-0.71-0.5-0.32-0.680.85-0.81-0.50.62-0.75-0.75-0.04-0.65-0.71-0.46-0.33
0.33-0.97-0.87-0.750.041.00.970.940.920.950.960.880.410.98-0.920.980.53-0.871.00.98-0.310.820.990.690.65
0.260.08-0.34-0.30.04-0.020.220.230.37-0.230.19-0.010.630.02-0.330.21-0.380.390.050.210.93-0.310.05-0.560.14
0.36-0.96-0.86-0.741.0-0.020.950.920.90.970.950.860.340.97-0.90.970.58-0.891.00.96-0.370.860.980.740.61
0.22-0.91-0.85-0.740.970.220.950.930.990.851.00.910.620.98-0.90.970.32-0.730.971.0-0.130.660.980.490.78
0.43-0.94-0.97-0.840.940.230.920.930.920.850.910.730.460.89-0.980.980.54-0.790.940.94-0.080.760.910.560.56
0.23-0.85-0.87-0.750.920.370.90.990.920.770.980.870.70.93-0.910.960.23-0.620.930.980.030.570.940.360.77
0.39-0.95-0.78-0.670.95-0.230.970.850.850.770.850.790.120.92-0.820.890.71-0.960.950.86-0.550.940.920.870.48
0.17-0.9-0.82-0.710.960.190.951.00.910.980.850.940.630.98-0.880.960.29-0.720.971.0-0.160.650.990.490.8
-0.11-0.81-0.58-0.50.88-0.010.860.910.730.870.790.940.620.95-0.660.810.13-0.650.880.91-0.330.520.930.450.91
-0.32-0.32-0.38-0.320.410.630.340.620.460.70.120.630.620.51-0.410.47-0.50.050.420.60.48-0.170.5-0.370.83
0.16-0.94-0.79-0.680.980.020.970.980.890.930.920.980.950.51-0.850.940.39-0.810.980.98-0.330.731.00.610.77
-0.580.880.990.85-0.92-0.33-0.9-0.9-0.98-0.91-0.82-0.88-0.66-0.41-0.85-0.97-0.560.75-0.92-0.910.0-0.77-0.87-0.55-0.45
0.42-0.94-0.94-0.810.980.210.970.970.980.960.890.960.810.470.94-0.970.51-0.80.980.98-0.130.780.960.60.61
0.71-0.61-0.59-0.50.53-0.380.580.320.540.230.710.290.13-0.50.39-0.560.51-0.820.520.35-0.530.910.410.9-0.24
-0.380.920.720.62-0.870.39-0.89-0.73-0.79-0.62-0.96-0.72-0.650.05-0.810.75-0.8-0.82-0.86-0.740.65-0.97-0.82-0.93-0.35
0.33-0.96-0.87-0.751.00.051.00.970.940.930.950.970.880.420.98-0.920.980.52-0.860.98-0.30.820.990.680.66
0.25-0.92-0.87-0.750.980.210.961.00.940.980.861.00.910.60.98-0.910.980.35-0.740.98-0.140.680.990.510.76
0.110.39-0.04-0.04-0.310.93-0.37-0.13-0.080.03-0.55-0.16-0.330.48-0.330.0-0.13-0.530.65-0.3-0.14-0.58-0.3-0.78-0.09
0.6-0.85-0.75-0.650.82-0.310.860.660.760.570.940.650.52-0.170.73-0.770.780.91-0.970.820.68-0.580.750.960.16
0.21-0.94-0.82-0.710.990.050.980.980.910.940.920.990.930.51.0-0.870.960.41-0.820.990.99-0.30.750.620.75
0.47-0.73-0.53-0.460.69-0.560.740.490.560.360.870.490.45-0.370.61-0.550.60.9-0.930.680.51-0.780.960.620.07
-0.43-0.59-0.39-0.330.650.140.610.780.560.770.480.80.910.830.77-0.450.61-0.24-0.350.660.76-0.090.160.750.07
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Union Semiconductor Account Relationship Matchups

Currently Active Assets on Macroaxis

Other Information on Investing in Union Stock

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