UTime Historical Balance Sheet
| WTO Stock | 0.35 0.01 2.94% |
Trend analysis of UTime Limited balance sheet accounts such as Total Assets of 342.2 M, Other Current Liab of 60.9 M, Total Current Liabilities of 209.1 M or Total Stockholder Equity of 386.2 M provides information on UTime's total assets, liabilities, and equity, which is the actual value of UTime Limited to its prevalent stockholders. By breaking down trends over time using UTime balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining UTime Limited latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether UTime Limited is a good buy for the upcoming year.
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About UTime Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of UTime Limited at a specified time, usually calculated after every quarter, six months, or one year. UTime Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of UTime 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 UTime currently owns. An asset can also be divided into two categories, current and non-current.
UTime Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on UTime balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of UTime Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most accounts from UTime's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into UTime Limited current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in UTime Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, UTime's Other Stockholder Equity is very stable compared to the past year. As of the 25th of November 2024, Net Invested Capital is likely to grow to about 446 M, while Total Assets are likely to drop about 342.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 47.2M | 50.8M | 98.2M | 60.9M | Total Assets | 250.6M | 313.1M | 649.9M | 342.2M |
UTime balance sheet Correlations
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UTime Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with UTime
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if UTime position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in UTime will appreciate offsetting losses from the drop in the long position's value.Moving against UTime Stock
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| 0.37 | DOGZ | Dogness International Downward Rally | PairCorr |
The ability to find closely correlated positions to UTime could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UTime when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back UTime - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling UTime Limited to buy it.
The correlation of UTime is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as UTime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UTime Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for UTime can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in UTime Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Consumer Electronics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of UTime. If investors know UTime will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about UTime listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.01) | Revenue Per Share 260.043 | Quarterly Revenue Growth 0.263 | Return On Assets (0.04) | Return On Equity (0.17) |
The market value of UTime Limited is measured differently than its book value, which is the value of UTime that is recorded on the company's balance sheet. Investors also form their own opinion of UTime's value that differs from its market value or its book value, called intrinsic value, which is UTime's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because UTime's market value can be influenced by many factors that don't directly affect UTime's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between UTime's value and its price as these two are different measures arrived at by different means. Investors typically determine if UTime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UTime's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.