Shanghai Other Current Liab vs Common Stock Analysis

900902 Stock   0.18  0.00  0.00%   
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 Other Current Liab and its Common Stock 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.

Other Current Liab vs Common Stock

Other Current Liab vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Shibei Hi Other Current Liab account and Common Stock. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Shanghai Shibei's Other Current Liab and Common Stock is -0.62. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Common Stock 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 Other Current Liab and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Shanghai Shibei Hi Tech are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Other Current Liab i.e., Shanghai Shibei's Other Current Liab and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.62
Relationship DirectionNegative 
Relationship StrengthWeak

Other Current Liab

Common Stock

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 Profit555.4M594.7M319.6M410.5M
Total Revenue1.1B1.3B1.0B938.9M

Shanghai Shibei fundamental ratios Correlations

-0.630.90.920.830.930.960.980.160.930.88-0.410.960.240.99-0.150.950.890.960.820.740.92-0.430.950.020.89
-0.63-0.64-0.52-0.75-0.55-0.51-0.61-0.01-0.63-0.530.3-0.54-0.62-0.650.44-0.52-0.41-0.55-0.39-0.58-0.620.01-0.68-0.09-0.56
0.9-0.640.80.840.830.830.940.160.910.61-0.490.810.330.91-0.160.80.90.810.840.80.76-0.280.92-0.220.64
0.92-0.520.80.650.990.910.930.40.750.76-0.480.92-0.010.870.140.960.850.960.910.580.93-0.70.780.260.78
0.83-0.750.840.650.680.740.81-0.040.870.7-0.350.70.650.87-0.490.640.780.690.590.860.670.060.92-0.260.74
0.93-0.550.830.990.680.90.940.380.80.78-0.50.920.050.890.090.980.830.960.920.610.94-0.670.810.240.8
0.96-0.510.830.910.740.90.940.070.850.86-0.330.970.130.94-0.060.920.870.950.770.620.92-0.510.890.080.87
0.98-0.610.940.930.810.940.940.240.920.78-0.410.910.180.96-0.050.930.930.930.890.750.91-0.470.930.00.8
0.16-0.010.160.4-0.040.380.070.240.00.05-0.150.09-0.540.120.620.30.270.280.550.170.16-0.5-0.010.230.06
0.93-0.630.910.750.870.80.850.920.00.79-0.370.830.380.96-0.360.830.850.80.710.860.81-0.160.98-0.130.8
0.88-0.530.610.760.70.780.860.780.050.79-0.140.880.220.88-0.240.840.650.870.540.590.82-0.330.820.121.0
-0.410.3-0.49-0.48-0.35-0.5-0.33-0.41-0.15-0.37-0.14-0.43-0.1-0.370.26-0.43-0.48-0.39-0.47-0.46-0.390.26-0.37-0.28-0.16
0.96-0.540.810.920.70.920.970.910.090.830.88-0.430.170.93-0.090.950.80.980.760.570.92-0.560.860.130.89
0.24-0.620.33-0.010.650.050.130.18-0.540.380.22-0.10.170.31-0.740.020.080.09-0.080.350.110.530.43-0.430.25
0.99-0.650.910.870.870.890.940.960.120.960.88-0.370.930.31-0.230.910.870.930.780.790.88-0.330.97-0.070.9
-0.150.44-0.160.14-0.490.09-0.06-0.050.62-0.36-0.240.26-0.09-0.74-0.230.06-0.060.050.3-0.47-0.03-0.68-0.380.16-0.24
0.95-0.520.80.960.640.980.920.930.30.830.84-0.430.950.020.910.060.80.970.860.590.96-0.670.820.260.85
0.89-0.410.90.850.780.830.870.930.270.850.65-0.480.80.080.87-0.060.80.820.850.820.75-0.340.87-0.10.67
0.96-0.550.810.960.690.960.950.930.280.80.87-0.390.980.090.930.050.970.820.840.570.91-0.620.830.130.88
0.82-0.390.840.910.590.920.770.890.550.710.54-0.470.76-0.080.780.30.860.850.840.590.78-0.660.70.050.57
0.74-0.580.80.580.860.610.620.750.170.860.59-0.460.570.350.79-0.470.590.820.570.590.560.120.86-0.180.61
0.92-0.620.760.930.670.940.920.910.160.810.82-0.390.920.110.88-0.030.960.750.910.780.56-0.610.830.350.83
-0.430.01-0.28-0.70.06-0.67-0.51-0.47-0.5-0.16-0.330.26-0.560.53-0.33-0.68-0.67-0.34-0.62-0.660.12-0.61-0.16-0.52-0.33
0.95-0.680.920.780.920.810.890.93-0.010.980.82-0.370.860.430.97-0.380.820.870.830.70.860.83-0.16-0.140.84
0.02-0.09-0.220.26-0.260.240.080.00.23-0.130.12-0.280.13-0.43-0.070.160.26-0.10.130.05-0.180.35-0.52-0.140.12
0.89-0.560.640.780.740.80.870.80.060.81.0-0.160.890.250.9-0.240.850.670.880.570.610.83-0.330.840.12
Click cells to compare fundamentals

Shanghai Shibei Account Relationship Matchups

Shanghai Shibei fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.2B19.1B21.2B22.1B22.1B18.7B
Other Current Liab1.1B1.3B1.4B271.8M366.3M348.0M
Total Current Liabilities4.6B6.6B6.1B7.9B7.5B5.7B
Total Stockholder Equity6.3B6.5B6.5B6.6B6.4B6.5B
Other Liab9.3M28.7M29.4M75.4M86.8M91.1M
Net Tangible Assets6.1B6.3B6.5B6.5B7.4B6.3B
Retained Earnings1.3B1.5B1.5B1.4B1.2B1.3B
Accounts Payable860.0M935.1M1.1B1.2B1.1B811.4M
Cash2.1B771.8M1.4B2.1B1.4B1.5B
Other Assets3.6B5.0B5.6B7.8B9.0B4.8B
Long Term Debt6.0B4.1B6.5B5.5B6.1B5.2B
Net Receivables855.2M83.1M245.9M207.6M107.3M214.3M
Inventory8.0B10.0B8.8B8.8B9.1B8.2B
Other Current Assets116.2M193.9M180.3M223.9M431.7M453.3M
Total Liab10.7B10.7B12.7B13.6B13.8B10.9B
Deferred Long Term Liab27.1M37.3M30.3M24.5M22.1M24.7M
Short Long Term Debt1.2B1.9B3.1B2.6B1.7B1.7B
Total Current Assets11.2B11.2B10.7B11.4B11.2B10.8B
Intangible Assets160.8K202.0K925.8K971.2K809.2K501.7K
Property Plant Equipment24.7M19.8M14.3M121.9M109.7M115.2M
Non Current Assets Total7.0B7.9B10.4B10.7B10.9B8.5B
Non Currrent Assets Other5.1B5.6B5M33.2M29.9M28.4M
Non Current Liabilities Total6.0B4.1B6.6B5.7B6.2B5.5B
Net Debt5.1B5.3B8.2B6.1B6.4B5.9B
Net Invested Capital13.5B12.5B16.1B14.7B14.2B14.7B
Net Working Capital6.6B4.6B4.6B3.5B3.6B4.0B

Currently Active Assets on Macroaxis

Other Information on Investing in Shanghai Stock

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.