Shanghai Net Receivables vs Other Current Liab Analysis

900902 Stock

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

Net Receivables vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Shibei Hi Net Receivables account and Other Current Liab. At this time, the significance of the direction appears to have weak relationship.

The correlation between Shanghai Shibei's Net Receivables and Other Current Liab is 0.3. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Shanghai Shibei Hi Tech, assuming nothing else is changed. The correlation between historical values of Shanghai Shibei's Net Receivables and Other Current Liab 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 Receivables of Shanghai Shibei Hi Tech are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Net Receivables i.e., Shanghai Shibei's Net Receivables and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.3

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Receivables

Other Current Liab

Most indicators from Shanghai Shibei's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Shibei Hi 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 Shibei Hi Tech. 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 22.4 M. The current year's Tax Provision is expected to grow to about 66.6 M

	2021	2022	2023	2024 (projected)
Gross Profit	555.4M	594.7M	319.6M	410.5M
Total Revenue	1.1B	1.3B	1.0B	938.9M

Gross Profit Total Revenue

Shanghai Shibei fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		-0.63	0.9	0.92	0.83	0.93	0.96	0.98	0.16	0.93	0.88	-0.41	0.96	0.24	0.99	-0.15	0.95	0.89	0.96	0.82	0.74	0.92	-0.43	0.95	0.02	0.89
Other Current Liab	-0.63		-0.64	-0.52	-0.75	-0.55	-0.51	-0.61	-0.01	-0.63	-0.53	0.3	-0.54	-0.62	-0.65	0.44	-0.52	-0.41	-0.55	-0.39	-0.58	-0.62	0.01	-0.68	-0.09	-0.56
Total Current Liabilities	0.9	-0.64		0.8	0.84	0.83	0.83	0.94	0.16	0.91	0.61	-0.49	0.81	0.33	0.91	-0.16	0.8	0.9	0.81	0.84	0.8	0.76	-0.28	0.92	-0.22	0.64
Total Stockholder Equity	0.92	-0.52	0.8		0.65	0.99	0.91	0.93	0.4	0.75	0.76	-0.48	0.92	-0.01	0.87	0.14	0.96	0.85	0.96	0.91	0.58	0.93	-0.7	0.78	0.26	0.78
Other Liab	0.83	-0.75	0.84	0.65		0.68	0.74	0.81	-0.04	0.87	0.7	-0.35	0.7	0.65	0.87	-0.49	0.64	0.78	0.69	0.59	0.86	0.67	0.06	0.92	-0.26	0.74
Net Tangible Assets	0.93	-0.55	0.83	0.99	0.68		0.9	0.94	0.38	0.8	0.78	-0.5	0.92	0.05	0.89	0.09	0.98	0.83	0.96	0.92	0.61	0.94	-0.67	0.81	0.24	0.8
Retained Earnings	0.96	-0.51	0.83	0.91	0.74	0.9		0.94	0.07	0.85	0.86	-0.33	0.97	0.13	0.94	-0.06	0.92	0.87	0.95	0.77	0.62	0.92	-0.51	0.89	0.08	0.87
Accounts Payable	0.98	-0.61	0.94	0.93	0.81	0.94	0.94		0.24	0.92	0.78	-0.41	0.91	0.18	0.96	-0.05	0.93	0.93	0.93	0.89	0.75	0.91	-0.47	0.93	0.0	0.8
Cash	0.16	-0.01	0.16	0.4	-0.04	0.38	0.07	0.24		0.0	0.05	-0.15	0.09	-0.54	0.12	0.62	0.3	0.27	0.28	0.55	0.17	0.16	-0.5	-0.01	0.23	0.06
Other Assets	0.93	-0.63	0.91	0.75	0.87	0.8	0.85	0.92	0.0		0.79	-0.37	0.83	0.38	0.96	-0.36	0.83	0.85	0.8	0.71	0.86	0.81	-0.16	0.98	-0.13	0.8
Long Term Debt	0.88	-0.53	0.61	0.76	0.7	0.78	0.86	0.78	0.05	0.79		-0.14	0.88	0.22	0.88	-0.24	0.84	0.65	0.87	0.54	0.59	0.82	-0.33	0.82	0.12	1.0
Net Receivables	-0.41	0.3	-0.49	-0.48	-0.35	-0.5	-0.33	-0.41	-0.15	-0.37	-0.14		-0.43	-0.1	-0.37	0.26	-0.43	-0.48	-0.39	-0.47	-0.46	-0.39	0.26	-0.37	-0.28	-0.16
Inventory	0.96	-0.54	0.81	0.92	0.7	0.92	0.97	0.91	0.09	0.83	0.88	-0.43		0.17	0.93	-0.09	0.95	0.8	0.98	0.76	0.57	0.92	-0.56	0.86	0.13	0.89
Other Current Assets	0.24	-0.62	0.33	-0.01	0.65	0.05	0.13	0.18	-0.54	0.38	0.22	-0.1	0.17		0.31	-0.74	0.02	0.08	0.09	-0.08	0.35	0.11	0.53	0.43	-0.43	0.25
Total Liab	0.99	-0.65	0.91	0.87	0.87	0.89	0.94	0.96	0.12	0.96	0.88	-0.37	0.93	0.31		-0.23	0.91	0.87	0.93	0.78	0.79	0.88	-0.33	0.97	-0.07	0.9
Deferred Long Term Liab	-0.15	0.44	-0.16	0.14	-0.49	0.09	-0.06	-0.05	0.62	-0.36	-0.24	0.26	-0.09	-0.74	-0.23		0.06	-0.06	0.05	0.3	-0.47	-0.03	-0.68	-0.38	0.16	-0.24
Long Term Investments	0.95	-0.52	0.8	0.96	0.64	0.98	0.92	0.93	0.3	0.83	0.84	-0.43	0.95	0.02	0.91	0.06		0.8	0.97	0.86	0.59	0.96	-0.67	0.82	0.26	0.85
Short Long Term Debt	0.89	-0.41	0.9	0.85	0.78	0.83	0.87	0.93	0.27	0.85	0.65	-0.48	0.8	0.08	0.87	-0.06	0.8		0.82	0.85	0.82	0.75	-0.34	0.87	-0.1	0.67
Total Current Assets	0.96	-0.55	0.81	0.96	0.69	0.96	0.95	0.93	0.28	0.8	0.87	-0.39	0.98	0.09	0.93	0.05	0.97	0.82		0.84	0.57	0.91	-0.62	0.83	0.13	0.88
Short Term Debt	0.82	-0.39	0.84	0.91	0.59	0.92	0.77	0.89	0.55	0.71	0.54	-0.47	0.76	-0.08	0.78	0.3	0.86	0.85	0.84		0.59	0.78	-0.66	0.7	0.05	0.57
Intangible Assets	0.74	-0.58	0.8	0.58	0.86	0.61	0.62	0.75	0.17	0.86	0.59	-0.46	0.57	0.35	0.79	-0.47	0.59	0.82	0.57	0.59		0.56	0.12	0.86	-0.18	0.61
Common Stock	0.92	-0.62	0.76	0.93	0.67	0.94	0.92	0.91	0.16	0.81	0.82	-0.39	0.92	0.11	0.88	-0.03	0.96	0.75	0.91	0.78	0.56		-0.61	0.83	0.35	0.83
Property Plant Equipment	-0.43	0.01	-0.28	-0.7	0.06	-0.67	-0.51	-0.47	-0.5	-0.16	-0.33	0.26	-0.56	0.53	-0.33	-0.68	-0.67	-0.34	-0.62	-0.66	0.12	-0.61		-0.16	-0.52	-0.33
Non Current Assets Total	0.95	-0.68	0.92	0.78	0.92	0.81	0.89	0.93	-0.01	0.98	0.82	-0.37	0.86	0.43	0.97	-0.38	0.82	0.87	0.83	0.7	0.86	0.83	-0.16		-0.14	0.84
Non Currrent Assets Other	0.02	-0.09	-0.22	0.26	-0.26	0.24	0.08	0.0	0.23	-0.13	0.12	-0.28	0.13	-0.43	-0.07	0.16	0.26	-0.1	0.13	0.05	-0.18	0.35	-0.52	-0.14		0.12
Non Current Liabilities Total	0.89	-0.56	0.64	0.78	0.74	0.8	0.87	0.8	0.06	0.8	1.0	-0.16	0.89	0.25	0.9	-0.24	0.85	0.67	0.88	0.57	0.61	0.83	-0.33	0.84	0.12

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Shanghai Shibei Account Relationship Matchups

Shanghai Shibei fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	18.2B	19.1B	21.2B	22.1B	22.1B	18.7B
Other Current Liab	1.1B	1.3B	1.4B	271.8M	366.3M	348.0M
Total Current Liabilities	4.6B	6.6B	6.1B	7.9B	7.5B	5.7B
Total Stockholder Equity	6.3B	6.5B	6.5B	6.6B	6.4B	6.5B
Other Liab	9.3M	28.7M	29.4M	75.4M	86.8M	91.1M
Net Tangible Assets	6.1B	6.3B	6.5B	6.5B	7.4B	6.3B
Retained Earnings	1.3B	1.5B	1.5B	1.4B	1.2B	1.3B
Accounts Payable	860.0M	935.1M	1.1B	1.2B	1.1B	811.4M
Cash	2.1B	771.8M	1.4B	2.1B	1.4B	1.5B
Other Assets	3.6B	5.0B	5.6B	7.8B	9.0B	4.8B
Long Term Debt	6.0B	4.1B	6.5B	5.5B	6.1B	5.2B
Net Receivables	855.2M	83.1M	245.9M	207.6M	107.3M	214.3M
Inventory	8.0B	10.0B	8.8B	8.8B	9.1B	8.2B
Other Current Assets	116.2M	193.9M	180.3M	223.9M	431.7M	453.3M
Total Liab	10.7B	10.7B	12.7B	13.6B	13.8B	10.9B
Deferred Long Term Liab	27.1M	37.3M	30.3M	24.5M	22.1M	24.7M
Short Long Term Debt	1.2B	1.9B	3.1B	2.6B	1.7B	1.7B
Total Current Assets	11.2B	11.2B	10.7B	11.4B	11.2B	10.8B
Intangible Assets	160.8K	202.0K	925.8K	971.2K	809.2K	501.7K
Property Plant Equipment	24.7M	19.8M	14.3M	121.9M	109.7M	115.2M
Non Current Assets Total	7.0B	7.9B	10.4B	10.7B	10.9B	8.5B
Non Currrent Assets Other	5.1B	5.6B	5M	33.2M	29.9M	28.4M
Non Current Liabilities Total	6.0B	4.1B	6.6B	5.7B	6.2B	5.5B
Net Debt	5.1B	5.3B	8.2B	6.1B	6.4B	5.9B
Net Invested Capital	13.5B	12.5B	16.1B	14.7B	14.2B	14.7B
Net Working Capital	6.6B	4.6B	4.6B	3.5B	3.6B	4.0B

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Balance Sheet is a snapshot of the financial position of Shanghai Shibei Hi at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Shibei Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Shibei 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 Net Receivables vs Other Current Liab Analysis

Net Receivables vs Other Current Liab

Net Receivables vs Other Current Liab Correlation Analysis

Correlation Coefficient

Net Receivables

Other Current Liab

Shanghai Shibei fundamental ratios Correlations

Shanghai Shibei Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shanghai Shibei fundamental ratios Accounts

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Other Information on Investing in Shanghai Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Long Term Debt
Total Liab	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Accounts Payable	+ 0.98	Total Assets
Long Term Investments	+ 0.98	Net Tangible Assets
Non Current Assets Total	+ 0.98	Other Assets

Other Liab	- 0.75	Other Current Liab
Deferred Long Term Liab	- 0.74	Other Current Assets
Property Plant Equipment	- 0.7	Total Stockholder Equity
Property Plant Equipment	- 0.68	Deferred Long Term Liab
Non Current Assets Total	- 0.68	Other Current Liab
Property Plant Equipment	- 0.67	Long Term Investments