Hengli Other Current Assets vs Inventory Analysis

000622 Stock

2.60 0.10 3.70%

Hengli Industrial financial indicator trend analysis is much more than just examining Hengli Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hengli Industrial is a good investment. Please check the relationship between Hengli Industrial Other Current Assets and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hengli Industrial Development. 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.

Other Current Assets vs Inventory

Other Current Assets vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hengli Industrial Other Current Assets account and Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Hengli Industrial's Other Current Assets and Inventory is -0.29. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of Hengli Industrial Development, assuming nothing else is changed. The correlation between historical values of Hengli Industrial's Other Current Assets and Inventory 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 Assets of Hengli Industrial Development are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Other Current Assets i.e., Hengli Industrial's Other Current Assets and Inventory go up and down completely randomly.

Correlation Coefficient

-0.29

Relationship Direction	Negative
Relationship Strength	Insignificant

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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.

Inventory

Most indicators from Hengli Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengli Industrial 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 Hengli Industrial Development. 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 March 2, 2025, Selling General Administrative is expected to decline to about 4.5 M. The current year's Tax Provision is expected to grow to about (731.8 K)

	2024	2025 (projected)
Research Development	3.0M	3.1M
Minority Interest	28.3K	26.9K

Research Development Minority Interest

Hengli Industrial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Intangible Assets	Other Assets	Other Liab
Total Assets		-0.58	0.37	0.03	0.73	0.08	-0.19	-0.63	-0.6	0.63	0.62	0.23	0.35	0.62	0.36	0.15	-0.58	0.04	0.41	0.07	0.77	-0.48	0.79	0.01	-0.02	0.33
Short Long Term Debt Total	-0.58		-0.5	0.65	-0.89	0.46	0.83	0.76	0.38	0.05	-0.6	0.19	-0.36	-0.61	-0.13	-0.28	0.48	-0.3	-0.49	0.63	-0.69	0.91	-0.76	0.07	0.16	-0.56
Other Current Liab	0.37	-0.5		0.04	0.23	-0.4	-0.59	-0.6	-0.18	0.09	0.55	-0.17	0.81	0.59	-0.1	0.1	0.02	0.15	0.73	0.1	0.5	-0.33	0.3	0.04	0.03	0.4
Total Current Liabilities	0.03	0.65	0.04		-0.61	0.26	0.76	0.19	-0.18	0.52	0.01	0.17	0.09	0.02	-0.1	-0.46	0.19	-0.14	0.08	0.97	-0.08	0.81	-0.3	0.3	0.4	-0.38
Total Stockholder Equity	0.73	-0.89	0.23	-0.61		-0.17	-0.63	-0.66	-0.34	0.14	0.55	-0.05	0.14	0.54	0.31	0.3	-0.57	0.13	0.25	-0.61	0.71	-0.91	0.75	-0.22	-0.28	0.37
Property Plant And Equipment Net	0.08	0.46	-0.4	0.26	-0.17		0.43	0.47	0.14	0.46	-0.37	0.79	-0.21	-0.4	-0.03	0.19	0.16	-0.37	-0.2	0.32	-0.47	0.26	-0.22	0.21	0.21	-0.24
Current Deferred Revenue	-0.19	0.83	-0.59	0.76	-0.63	0.43		0.52	-0.01	0.31	-0.33	0.24	-0.4	-0.35	0.0	-0.4	0.13	-0.18	-0.39	0.71	-0.36	0.86	-0.39	0.19	0.26	-0.5
Net Debt	-0.63	0.76	-0.6	0.19	-0.66	0.47	0.52		0.32	-0.2	-0.96	0.27	-0.34	-0.96	0.1	0.21	0.22	-0.2	-0.73	0.25	-0.81	0.58	-0.62	-0.17	-0.19	-0.19
Retained Earnings	-0.6	0.38	-0.18	-0.18	-0.34	0.14	-0.01	0.32		-0.43	-0.28	-0.17	-0.18	-0.29	-0.28	-0.07	0.81	-0.25	-0.34	-0.21	-0.47	0.11	-0.75	-0.2	-0.07	-0.47
Accounts Payable	0.63	0.05	0.09	0.52	0.14	0.46	0.31	-0.2	-0.43		0.3	0.37	0.02	0.32	0.14	-0.3	-0.22	-0.08	0.24	0.48	0.34	0.14	0.35	0.29	0.34	-0.22
Cash	0.62	-0.6	0.55	0.01	0.55	-0.37	-0.33	-0.96	-0.28	0.3		-0.25	0.29	0.99	-0.16	-0.33	-0.15	0.13	0.72	-0.08	0.79	-0.41	0.49	0.21	0.27	0.02
Non Current Assets Total	0.23	0.19	-0.17	0.17	-0.05	0.79	0.24	0.27	-0.17	0.37	-0.25		-0.01	-0.3	-0.04	0.29	0.05	-0.32	0.03	0.28	-0.42	0.15	0.13	0.45	0.38	0.16
Non Currrent Assets Other	0.35	-0.36	0.81	0.09	0.14	-0.21	-0.4	-0.34	-0.18	0.02	0.29	-0.01		0.36	-0.11	0.41	-0.05	0.32	0.56	0.23	0.36	-0.25	0.2	0.0	-0.05	0.58
Cash And Short Term Investments	0.62	-0.61	0.59	0.02	0.54	-0.4	-0.35	-0.96	-0.29	0.32	0.99	-0.3	0.36		-0.18	-0.32	-0.17	0.22	0.74	-0.07	0.81	-0.42	0.49	0.18	0.23	0.03
Net Receivables	0.36	-0.13	-0.1	-0.1	0.31	-0.03	0.0	0.1	-0.28	0.14	-0.16	-0.04	-0.11	-0.18		0.28	-0.52	-0.42	-0.38	-0.03	0.33	-0.18	0.35	-0.5	-0.51	0.25
Non Current Liabilities Total	0.15	-0.28	0.1	-0.46	0.3	0.19	-0.4	0.21	-0.07	-0.3	-0.33	0.29	0.41	-0.32	0.28		-0.34	0.05	-0.11	-0.24	-0.08	-0.45	0.16	-0.32	-0.47	0.75
Inventory	-0.58	0.48	0.02	0.19	-0.57	0.16	0.13	0.22	0.81	-0.22	-0.15	0.05	-0.05	-0.17	-0.52	-0.34		-0.29	-0.03	0.14	-0.54	0.39	-0.73	0.28	0.42	-0.52
Other Current Assets	0.04	-0.3	0.15	-0.14	0.13	-0.37	-0.18	-0.2	-0.25	-0.08	0.13	-0.32	0.32	0.22	-0.42	0.05	-0.29		0.16	-0.13	0.25	-0.2	0.24	-0.09	-0.19	0.24
Other Stockholder Equity	0.41	-0.49	0.73	0.08	0.25	-0.2	-0.39	-0.73	-0.34	0.24	0.72	0.03	0.56	0.74	-0.38	-0.11	-0.03	0.16		0.08	0.42	-0.26	0.41	0.54	0.49	0.29
Total Liab	0.07	0.63	0.1	0.97	-0.61	0.32	0.71	0.25	-0.21	0.48	-0.08	0.28	0.23	-0.07	-0.03	-0.24	0.14	-0.13	0.08		-0.11	0.78	-0.26	0.26	0.32	-0.18
Total Current Assets	0.77	-0.69	0.5	-0.08	0.71	-0.47	-0.36	-0.81	-0.47	0.34	0.79	-0.42	0.36	0.81	0.33	-0.08	-0.54	0.25	0.42	-0.11		-0.55	0.67	-0.23	-0.21	0.22
Short Term Debt	-0.48	0.91	-0.33	0.81	-0.91	0.26	0.86	0.58	0.11	0.14	-0.41	0.15	-0.25	-0.42	-0.18	-0.45	0.39	-0.2	-0.26	0.78	-0.55		-0.59	0.29	0.37	-0.47
Common Stock	0.79	-0.76	0.3	-0.3	0.75	-0.22	-0.39	-0.62	-0.75	0.35	0.49	0.13	0.2	0.49	0.35	0.16	-0.73	0.24	0.41	-0.26	0.67	-0.59		0.05	-0.06	0.56
Intangible Assets	0.01	0.07	0.04	0.3	-0.22	0.21	0.19	-0.17	-0.2	0.29	0.21	0.45	0.0	0.18	-0.5	-0.32	0.28	-0.09	0.54	0.26	-0.23	0.29	0.05		0.97	-0.02
Other Assets	-0.02	0.16	0.03	0.4	-0.28	0.21	0.26	-0.19	-0.07	0.34	0.27	0.38	-0.05	0.23	-0.51	-0.47	0.42	-0.19	0.49	0.32	-0.21	0.37	-0.06	0.97		-0.2
Other Liab	0.33	-0.56	0.4	-0.38	0.37	-0.24	-0.5	-0.19	-0.47	-0.22	0.02	0.16	0.58	0.03	0.25	0.75	-0.52	0.24	0.29	-0.18	0.22	-0.47	0.56	-0.02	-0.2

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Hengli Industrial Account Relationship Matchups

Hengli Industrial fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	387.8M	342.9M	326.9M	395.9M	455.3M	391.7M
Short Long Term Debt Total	16.6M	9.5M	12.4M	36M	32.4M	30.8M
Other Current Liab	10.0M	1.7M	30.3M	1.5M	1.8M	1.7M
Total Current Liabilities	142.5M	96.4M	91.0M	147.6M	132.9M	173.4M
Total Stockholder Equity	205.8M	207.6M	194.3M	182.8M	210.3M	220.8M
Property Plant And Equipment Net	15.2M	13.6M	23.1M	73.7M	66.3M	56.9M
Current Deferred Revenue	71.1M	52.7M	20.3M	69.5M	79.9M	69.9M
Net Debt	(86.9M)	(136.5M)	(36.3M)	(4.6M)	(4.1M)	(3.9M)
Retained Earnings	(417.0M)	(415.2M)	(428.5M)	(440.0M)	(396.0M)	(415.8M)
Accounts Payable	44.8M	32.6M	28.1M	59.6M	68.5M	51.4M
Cash	103.5M	146.0M	48.7M	40.6M	46.7M	83.1M
Non Current Assets Total	18.1M	28.7M	117.6M	171.8M	154.7M	88.6M
Non Currrent Assets Other	832.7K	869.3K	408.5K	3.5M	4.0M	7.4M
Cash And Short Term Investments	103.7M	146.0M	48.7M	40.6M	46.7M	86.2M
Net Receivables	251.8M	46.5M	139.5M	167.3M	192.3M	129.2M
Liabilities And Stockholders Equity	387.8M	342.9M	326.9M	395.9M	455.3M	391.7M
Inventory	14.1M	13.3M	20.2M	14.0M	12.6M	12.0M
Other Current Assets	193.6K	108.4M	1.0M	2.3M	2.6M	2.5M
Total Liab	174.4M	128.3M	125.5M	206.1M	185.5M	196.9M
Total Current Assets	369.8M	314.2M	209.3M	224.1M	257.7M	269.9M
Short Term Debt	16.6M	9.5M	12.4M	17M	15.3M	14.5M
Short Term Investments	49K	9M	234.3K	(126.3K)	(113.7K)	(108.0K)
Property Plant Equipment	16.9M	17.2M	15.2M	13.6M	12.2M	11.6M
Net Tangible Assets	190.7M	202.6M	205.8M	195.5M	224.8M	217.0M
Deferred Long Term Liab	142.9K	687.1K	832.7K	869.3K	782.4K	701.5K
Net Invested Capital	205.8M	217.0M	206.7M	218.8M	251.7M	224.6M
Net Working Capital	227.2M	217.8M	118.3M	76.5M	68.8M	65.4M
Property Plant And Equipment Gross	80.5M	80.7M	92.0M	143.8M	165.4M	105.4M

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

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Hengli Other Current Assets vs Inventory Analysis

Other Current Assets vs Inventory

Other Current Assets vs Inventory Correlation Analysis

Correlation Coefficient

Other Current Assets

Inventory

Hengli Industrial fundamental ratios Correlations

Hengli Industrial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hengli Industrial fundamental ratios Accounts

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Cash And Short Term Investments	+ 0.99	Cash
Total Liab	+ 0.97	Total Current Liabilities
Other Assets	+ 0.97	Intangible Assets
Short Term Debt	+ 0.91	Short Long Term Debt Total
Short Term Debt	+ 0.86	Current Deferred Revenue
Current Deferred Revenue	+ 0.83	Short Long Term Debt Total

Cash And Short Term Investments	- 0.96	Net Debt
Cash	- 0.96	Net Debt
Short Term Debt	- 0.91	Total Stockholder Equity
Total Stockholder Equity	- 0.89	Short Long Term Debt Total
Total Current Assets	- 0.81	Net Debt
Common Stock	- 0.76	Short Long Term Debt Total