Shanghai Retained Earnings vs Net Tangible Assets Analysis

900926 Stock

1.62 0.04 2.41%

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

Retained Earnings vs Net Tangible Assets

Retained Earnings vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Baosight Retained Earnings account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Shanghai Baosight's Retained Earnings and Net Tangible Assets is 0.91. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Shanghai Baosight Software, assuming nothing else is changed. The correlation between historical values of Shanghai Baosight's Retained Earnings and Net Tangible 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 Retained Earnings of Shanghai Baosight Software are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Retained Earnings i.e., Shanghai Baosight's Retained Earnings and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Shanghai Baosight's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Baosight 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 Baosight 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 nation.

As of November 25, 2024, Selling General Administrative is expected to decline to about 123.8 M. In addition to that, Tax Provision is expected to decline to about 110.4 M

	2021	2022	2023	2024 (projected)
Cost Of Revenue	7.9B	8.8B	8.1B	8.6B
Total Revenue	11.8B	13.1B	12.9B	13.6B

Cost Of Revenue Total Revenue

Shanghai Baosight fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Retained Earnings	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.41	0.98	0.98	0.91	0.91	0.96	0.96	-0.06	0.44	0.83	0.95	0.51	0.98	0.66	0.98	0.96	0.98	0.89	0.9	-0.07	0.88	0.83	0.81	0.91	0.89
Other Current Liab	0.41		0.49	0.38	0.3	0.07	0.34	0.48	-0.09	0.18	0.55	0.49	0.89	0.42	0.31	0.29	0.42	0.48	0.24	0.5	-0.08	0.58	0.43	0.63	0.53	0.43
Total Current Liabilities	0.98	0.49		0.93	0.85	0.89	0.9	0.91	-0.17	0.35	0.82	0.99	0.56	0.99	0.62	0.94	0.91	0.93	0.9	0.89	-0.18	0.84	0.78	0.82	0.93	0.83
Total Stockholder Equity	0.98	0.38	0.93		0.93	0.88	0.98	0.97	-0.06	0.52	0.83	0.89	0.49	0.93	0.67	0.97	0.99	0.99	0.83	0.9	-0.06	0.9	0.87	0.76	0.88	0.94
Other Liab	0.91	0.3	0.85	0.93		0.86	0.89	0.88	-0.01	0.63	0.74	0.81	0.4	0.86	0.83	0.87	0.89	0.93	0.73	0.76	-0.01	0.76	0.73	0.64	0.74	0.8
Accounts Payable	0.91	0.07	0.89	0.88	0.86		0.86	0.8	-0.17	0.42	0.67	0.86	0.24	0.91	0.59	0.93	0.83	0.85	0.88	0.76	-0.17	0.67	0.68	0.63	0.78	0.73
Cash	0.96	0.34	0.9	0.98	0.89	0.86		0.97	0.1	0.49	0.75	0.86	0.42	0.91	0.63	0.95	0.97	0.96	0.79	0.88	0.1	0.89	0.87	0.71	0.86	0.93
Other Assets	0.96	0.48	0.91	0.97	0.88	0.8	0.97		0.02	0.45	0.87	0.88	0.53	0.91	0.59	0.93	0.98	0.97	0.76	0.91	0.02	0.96	0.91	0.74	0.88	0.96
Long Term Debt	-0.06	-0.09	-0.17	-0.06	-0.01	-0.17	0.1	0.02		0.03	-0.21	-0.18	-0.17	-0.06	0.02	-0.08	-0.06	-0.05	-0.16	-0.14	1.0	0.0	0.01	-0.13	-0.12	-0.03
Net Receivables	0.44	0.18	0.35	0.52	0.63	0.42	0.49	0.45	0.03		0.28	0.25	0.31	0.34	0.61	0.4	0.47	0.56	0.26	0.5	0.04	0.46	0.54	0.38	0.4	0.47
Short Term Investments	0.83	0.55	0.82	0.83	0.74	0.67	0.75	0.87	-0.21	0.28		0.82	0.65	0.81	0.45	0.81	0.85	0.84	0.73	0.85	-0.21	0.89	0.79	0.78	0.82	0.81
Inventory	0.95	0.49	0.99	0.89	0.81	0.86	0.86	0.88	-0.18	0.25	0.82		0.53	0.98	0.58	0.91	0.87	0.89	0.87	0.85	-0.19	0.81	0.73	0.79	0.92	0.77
Other Current Assets	0.51	0.89	0.56	0.49	0.4	0.24	0.42	0.53	-0.17	0.31	0.65	0.53		0.52	0.36	0.46	0.51	0.59	0.45	0.59	-0.17	0.61	0.47	0.8	0.6	0.5
Total Liab	0.98	0.42	0.99	0.93	0.86	0.91	0.91	0.91	-0.06	0.34	0.81	0.98	0.52		0.64	0.96	0.9	0.93	0.92	0.87	-0.07	0.82	0.76	0.82	0.92	0.8
Intangible Assets	0.66	0.31	0.62	0.67	0.83	0.59	0.63	0.59	0.02	0.61	0.45	0.58	0.36	0.64		0.58	0.64	0.69	0.58	0.49	0.01	0.47	0.4	0.58	0.51	0.49
Common Stock	0.98	0.29	0.94	0.97	0.87	0.93	0.95	0.93	-0.08	0.4	0.81	0.91	0.46	0.96	0.58		0.95	0.95	0.91	0.89	-0.09	0.85	0.81	0.78	0.89	0.89
Property Plant Equipment	0.96	0.42	0.91	0.99	0.89	0.83	0.97	0.98	-0.06	0.47	0.85	0.87	0.51	0.9	0.64	0.95		0.98	0.79	0.91	-0.06	0.93	0.88	0.75	0.87	0.97
Retained Earnings	0.98	0.48	0.93	0.99	0.93	0.85	0.96	0.97	-0.05	0.56	0.84	0.89	0.59	0.93	0.69	0.95	0.98		0.81	0.91	-0.05	0.91	0.86	0.8	0.88	0.93
Good Will	0.89	0.24	0.9	0.83	0.73	0.88	0.79	0.76	-0.16	0.26	0.73	0.87	0.45	0.92	0.58	0.91	0.79	0.81		0.78	-0.18	0.67	0.62	0.86	0.84	0.66
Net Tangible Assets	0.9	0.5	0.89	0.9	0.76	0.76	0.88	0.91	-0.14	0.5	0.85	0.85	0.59	0.87	0.49	0.89	0.91	0.91	0.78		-0.14	0.95	0.95	0.84	0.97	0.88
Other Stockholder Equity	-0.07	-0.08	-0.18	-0.06	-0.01	-0.17	0.1	0.02	1.0	0.04	-0.21	-0.19	-0.17	-0.07	0.01	-0.09	-0.06	-0.05	-0.18	-0.14		0.01	0.01	-0.14	-0.12	-0.03
Deferred Long Term Liab	0.88	0.58	0.84	0.9	0.76	0.67	0.89	0.96	0.0	0.46	0.89	0.81	0.61	0.82	0.47	0.85	0.93	0.91	0.67	0.95	0.01		0.96	0.76	0.89	0.95
Long Term Investments	0.83	0.43	0.78	0.87	0.73	0.68	0.87	0.91	0.01	0.54	0.79	0.73	0.47	0.76	0.4	0.81	0.88	0.86	0.62	0.95	0.01	0.96		0.68	0.87	0.91
Short Long Term Debt	0.81	0.63	0.82	0.76	0.64	0.63	0.71	0.74	-0.13	0.38	0.78	0.79	0.8	0.82	0.58	0.78	0.75	0.8	0.86	0.84	-0.14	0.76	0.68		0.88	0.67
Total Current Assets	0.91	0.53	0.93	0.88	0.74	0.78	0.86	0.88	-0.12	0.4	0.82	0.92	0.6	0.92	0.51	0.89	0.87	0.88	0.84	0.97	-0.12	0.89	0.87	0.88		0.81
Short Term Debt	0.89	0.43	0.83	0.94	0.8	0.73	0.93	0.96	-0.03	0.47	0.81	0.77	0.5	0.8	0.49	0.89	0.97	0.93	0.66	0.88	-0.03	0.95	0.91	0.67	0.81

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Shanghai Baosight Account Relationship Matchups

Shanghai Baosight fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.3B	14.1B	17.9B	19.6B	21.9B	23.0B
Other Current Liab	1.1B	4.2B	4.4B	4.2B	61.3M	58.2M
Total Current Liabilities	2.9B	6.9B	7.9B	8.5B	8.9B	9.3B
Total Stockholder Equity	7.1B	7.3B	9.0B	9.9B	11.3B	11.9B
Other Liab	135.4M	121.0M	139.5M	157.3M	180.9M	190.0M
Accounts Payable	1.6B	1.8B	2.1B	2.8B	4.3B	4.5B
Cash	3.1B	3.8B	4.3B	4.9B	6.0B	6.3B
Other Assets	844.7M	1.0B	1.1B	1.0B	1.2B	1.2B
Long Term Debt	1.3B	398.8K	248.4K	82.7K	95.1K	90.4K
Net Receivables	3.0B	1.6B	2.4B	2.9B	3.3B	1.7B
Short Term Investments	6.6M	5.3M	7.9M	5.6M	5.8M	5.7M
Inventory	776.8M	3.1B	3.1B	3.1B	3.5B	3.7B
Other Current Assets	309.2M	350.4M	580.8M	684.7M	139.6M	198.0M
Total Liab	3.0B	6.6B	8.3B	8.9B	9.8B	10.3B
Intangible Assets	111.7M	98.6M	226.3M	206.3M	192.1M	201.7M
Common Stock	1.1B	1.2B	1.5B	2.0B	2.3B	2.4B
Property Plant Equipment	1.9B	2.0B	2.4B	2.3B	2.7B	2.8B
Retained Earnings	3.4B	3.5B	4.3B	4.9B	4.7B	4.9B
Net Tangible Assets	7.0B	7.7B	8.8B	9.7B	11.2B	7.2B
Other Stockholder Equity	3.1M	2.6M	(2.1M)	(3.9M)	(3.5M)	(3.4M)
Deferred Long Term Liab	778.8M	874.0M	943.8M	840.4M	966.5M	682.1M
Short Long Term Debt	20.0M	20.0M	142.5M	148.2M	91.1M	56.5M
Total Current Assets	7.2B	11.9B	13.6B	15.5B	17.1B	11.0B
Non Current Assets Total	3.1B	3.3B	4.2B	4.1B	4.7B	3.5B
Non Currrent Assets Other	3.3M	545.4K	13.7M	20.5M	24.1M	22.9M
Non Current Liabilities Total	135.7M	106.6M	348.3M	438.7M	900.9M	479.6M
Non Current Liabilities Other	1.3B	398.8K	248.4K	1.8M	1.6M	1.5M
Common Stock Shares Outstanding	1.5B	1.5B	1.5B	2.0B	2.4B	1.8B
Net Invested Capital	7.1B	7.3B	9.2B	10.1B	11.4B	9.1B
Net Working Capital	4.3B	4.3B	5.7B	7.0B	8.2B	6.0B
Capital Stock	1.1B	1.2B	1.5B	2.0B	2.4B	1.7B

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Balance Sheet is a snapshot of the financial position of Shanghai Baosight at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Baosight Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Baosight 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 Retained Earnings vs Net Tangible Assets Analysis

Retained Earnings vs Net Tangible Assets

Retained Earnings vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Tangible Assets

Shanghai Baosight fundamental ratios Correlations

Shanghai Baosight Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shanghai Baosight fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Shanghai Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Stockholder Equity	+ 1.0	Long Term Debt
Inventory	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Total Current Liabilities
Property Plant Equipment	+ 0.99	Total Stockholder Equity
Retained Earnings	+ 0.99	Total Stockholder Equity
Total Current Liabilities	+ 0.98	Total Assets

Other Stockholder Equity	- 0.21	Short Term Investments
Short Term Investments	- 0.21	Long Term Debt
Other Stockholder Equity	- 0.19	Inventory
Other Stockholder Equity	- 0.18	Good Will
Inventory	- 0.18	Long Term Debt
Other Stockholder Equity	- 0.18	Total Current Liabilities