TongFu Change To Inventory vs Net Income Analysis

002156 Stock

26.19 1.27 4.62%

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

Change To Inventory vs Net Income

Change To Inventory vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TongFu Microelectronics Change To Inventory account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between TongFu Microelectronics' Change To Inventory and Net Income is -0.42. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Net Income in the same time period over historical financial statements of TongFu Microelectronics Co, assuming nothing else is changed. The correlation between historical values of TongFu Microelectronics' Change To Inventory and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of TongFu Microelectronics Co are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Change To Inventory i.e., TongFu Microelectronics' Change To Inventory and Net Income go up and down completely randomly.

Correlation Coefficient

-0.42

Relationship Direction	Negative
Relationship Strength	Very Weak

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Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in TongFu Microelectronics financial statement analysis. It represents the amount of money remaining after all of TongFu Microelectronics Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from TongFu Microelectronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TongFu Microelectronics 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 TongFu Microelectronics Co. 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.

The current year's Selling General Administrative is expected to grow to about 197 M. The current year's Tax Provision is expected to grow to about 24.3 M

	2022	2023	2024	2025 (projected)
Gross Profit	3.0B	2.6B	3.0B	1.8B
Research Development	1.3B	1.2B	1.3B	748.0M

Gross Profit Research Development

TongFu Microelectronics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Short Term Investments	Other Stockholder Equity	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.6	1.0	1.0	0.76	0.99	0.96	0.97	1.0	0.98	0.98	0.99	0.96	1.0	0.88	0.95	1.0	0.97	-0.53	0.33	0.75	0.87	0.92	0.93	0.9	0.97
Other Current Liab	0.6		0.63	0.56	0.43	0.63	0.78	0.57	0.61	0.58	0.61	0.63	0.6	0.62	0.53	0.5	0.59	0.55	-0.33	0.14	0.58	0.67	0.69	0.61	0.66	0.59
Total Current Liabilities	1.0	0.63		0.99	0.75	0.99	0.96	0.96	1.0	0.97	0.98	0.99	0.96	1.0	0.87	0.93	0.99	0.96	-0.51	0.37	0.78	0.89	0.92	0.94	0.91	0.98
Total Stockholder Equity	1.0	0.56	0.99		0.76	0.99	0.94	0.98	0.99	0.97	0.97	0.98	0.95	0.99	0.87	0.96	0.99	0.97	-0.49	0.32	0.75	0.85	0.91	0.92	0.89	0.96
Other Liab	0.76	0.43	0.75	0.76		0.74	0.74	0.76	0.72	0.61	0.73	0.74	0.85	0.75	0.95	0.87	0.74	0.6	-0.07	0.36	0.8	0.84	0.66	0.84	0.57	0.62
Retained Earnings	0.99	0.63	0.99	0.99	0.74		0.96	0.96	0.99	0.98	0.97	0.98	0.96	0.99	0.85	0.94	1.0	0.96	-0.57	0.27	0.73	0.84	0.91	0.9	0.91	0.97
Accounts Payable	0.96	0.78	0.96	0.94	0.74	0.96		0.92	0.95	0.93	0.96	0.95	0.94	0.96	0.86	0.89	0.95	0.91	-0.51	0.27	0.76	0.87	0.92	0.89	0.89	0.92
Cash	0.97	0.57	0.96	0.98	0.76	0.96	0.92		0.97	0.95	0.92	0.93	0.93	0.97	0.87	0.94	0.97	0.94	-0.48	0.2	0.75	0.86	0.91	0.93	0.87	0.94
Other Assets	1.0	0.61	1.0	0.99	0.72	0.99	0.95	0.97		0.98	0.97	0.99	0.95	1.0	0.84	0.92	1.0	0.98	-0.54	0.32	0.75	0.86	0.92	0.92	0.92	0.99
Long Term Debt	0.98	0.58	0.97	0.97	0.61	0.98	0.93	0.95	0.98		0.96	0.96	0.9	0.98	0.76	0.87	0.98	0.99	-0.63	0.25	0.66	0.77	0.91	0.85	0.92	0.99
Net Receivables	0.98	0.61	0.98	0.97	0.73	0.97	0.96	0.92	0.97	0.96		0.99	0.93	0.98	0.85	0.93	0.98	0.95	-0.52	0.43	0.72	0.83	0.9	0.88	0.89	0.95
Inventory	0.99	0.63	0.99	0.98	0.74	0.98	0.95	0.93	0.99	0.96	0.99		0.94	0.99	0.85	0.93	0.99	0.95	-0.5	0.44	0.76	0.88	0.91	0.92	0.9	0.97
Other Current Assets	0.96	0.6	0.96	0.95	0.85	0.96	0.94	0.93	0.95	0.9	0.93	0.94		0.96	0.91	0.93	0.96	0.89	-0.46	0.29	0.82	0.88	0.88	0.93	0.86	0.92
Total Liab	1.0	0.62	1.0	0.99	0.75	0.99	0.96	0.97	1.0	0.98	0.98	0.99	0.96		0.86	0.93	1.0	0.97	-0.53	0.34	0.76	0.87	0.92	0.93	0.91	0.98
Intangible Assets	0.88	0.53	0.87	0.87	0.95	0.85	0.86	0.87	0.84	0.76	0.85	0.85	0.91	0.86		0.93	0.85	0.75	-0.24	0.35	0.8	0.89	0.79	0.91	0.7	0.75
Common Stock	0.95	0.5	0.93	0.96	0.87	0.94	0.89	0.94	0.92	0.87	0.93	0.93	0.93	0.93	0.93		0.93	0.87	-0.34	0.37	0.77	0.87	0.84	0.92	0.79	0.86
Property Plant Equipment	1.0	0.59	0.99	0.99	0.74	1.0	0.95	0.97	1.0	0.98	0.98	0.99	0.96	1.0	0.85	0.93		0.97	-0.56	0.31	0.73	0.85	0.91	0.91	0.91	0.98
Net Tangible Assets	0.97	0.55	0.96	0.97	0.6	0.96	0.91	0.94	0.98	0.99	0.95	0.95	0.89	0.97	0.75	0.87	0.97		-0.56	0.27	0.68	0.78	0.9	0.86	0.91	0.98
Short Term Investments	-0.53	-0.33	-0.51	-0.49	-0.07	-0.57	-0.51	-0.48	-0.54	-0.63	-0.52	-0.5	-0.46	-0.53	-0.24	-0.34	-0.56	-0.56		0.1	-0.01	-0.17	-0.47	-0.25	-0.59	-0.62
Other Stockholder Equity	0.33	0.14	0.37	0.32	0.36	0.27	0.27	0.2	0.32	0.25	0.43	0.44	0.29	0.34	0.35	0.37	0.31	0.27	0.1		0.38	0.43	0.28	0.38	0.23	0.27
Long Term Investments	0.75	0.58	0.78	0.75	0.8	0.73	0.76	0.75	0.75	0.66	0.72	0.76	0.82	0.76	0.8	0.77	0.73	0.68	-0.01	0.38		0.95	0.84	0.88	0.77	0.69
Short Long Term Debt	0.87	0.67	0.89	0.85	0.84	0.84	0.87	0.86	0.86	0.77	0.83	0.88	0.88	0.87	0.89	0.87	0.85	0.78	-0.17	0.43	0.95		0.89	0.97	0.82	0.8
Total Current Assets	0.92	0.69	0.92	0.91	0.66	0.91	0.92	0.91	0.92	0.91	0.9	0.91	0.88	0.92	0.79	0.84	0.91	0.9	-0.47	0.28	0.84	0.89		0.87	0.98	0.9
Short Term Debt	0.93	0.61	0.94	0.92	0.84	0.9	0.89	0.93	0.92	0.85	0.88	0.92	0.93	0.93	0.91	0.92	0.91	0.86	-0.25	0.38	0.88	0.97	0.87		0.81	0.87
Non Current Assets Total	0.9	0.66	0.91	0.89	0.57	0.91	0.89	0.87	0.92	0.92	0.89	0.9	0.86	0.91	0.7	0.79	0.91	0.91	-0.59	0.23	0.77	0.82	0.98	0.81		0.92
Non Currrent Assets Other	0.97	0.59	0.98	0.96	0.62	0.97	0.92	0.94	0.99	0.99	0.95	0.97	0.92	0.98	0.75	0.86	0.98	0.98	-0.62	0.27	0.69	0.8	0.9	0.87	0.92

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TongFu Microelectronics Account Relationship Matchups

TongFu Microelectronics fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	21.2B	27.1B	35.6B	34.9B	40.1B	42.1B
Other Current Liab	221.2M	666.0M	1.2B	264.3M	303.9M	230.9M
Total Current Liabilities	7.2B	10.3B	13.7B	13.0B	14.9B	15.7B
Total Stockholder Equity	9.6B	10.4B	13.8B	13.9B	16.0B	16.8B
Other Liab	1.4B	1.4B	1.5B	1.3B	1.5B	1.6B
Retained Earnings	1.5B	2.4B	2.9B	2.7B	3.1B	3.2B
Accounts Payable	2.6B	4.1B	6.0B	3.8B	4.4B	4.6B
Cash	4.1B	4.2B	4.2B	4.5B	5.1B	5.4B
Other Assets	432.9M	522.6M	799.3M	1.0B	1.2B	1.2B
Long Term Debt	2.4B	4.2B	6.0B	6.0B	6.9B	7.2B
Net Receivables	1.8B	2.3B	4.6B	3.9B	4.5B	4.7B
Inventory	1.4B	2.1B	3.5B	3.1B	3.6B	3.8B
Other Current Assets	290.1M	457.3M	445.0M	418.8M	481.6M	505.7M
Total Liab	11.2B	16.1B	21.1B	20.2B	23.2B	24.4B
Intangible Assets	352.3M	318.3M	359.3M	327.0M	376.1M	394.9M
Property Plant Equipment	8.1B	10.3B	15.6B	19.5B	22.5B	23.6B
Net Tangible Assets	4.7B	8.2B	9.2B	12.4B	14.2B	14.9B
Other Stockholder Equity	133.5M	(3.9M)	(101.2M)	68.7M	61.9M	65.0M
Short Long Term Debt	3.6B	3.6B	4.2B	3.9B	4.4B	3.0B
Total Current Assets	8.9B	9.1B	13.1B	12.2B	14.0B	8.0B
Non Current Assets Total	12.4B	18.0B	22.5B	22.7B	26.1B	15.1B
Non Currrent Assets Other	212.3M	421.3M	494.6M	522.0M	600.3M	630.3M
Good Will	1.0B	964.4M	1.1B	1.1B	1.3B	1.2B
Non Current Liabilities Total	4.0B	5.8B	7.3B	7.2B	8.3B	4.5B
Non Current Liabilities Other	1.0B	978.9M	638.4M	432.0M	388.8M	755.1M
Net Debt	1.9B	3.7B	6.0B	5.4B	6.2B	3.5B
Net Invested Capital	15.6B	18.3B	24.1B	23.8B	27.3B	17.3B
Net Working Capital	1.6B	(1.1B)	(614.6M)	(803.0M)	(722.7M)	(686.6M)
Property Plant And Equipment Net	10.3B	15.6B	19.5B	19.5B	22.4B	16.1B
Property Plant And Equipment Gross	17.3B	24.0B	19.5B	34.0B	39.1B	23.9B

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

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TongFu Change To Inventory vs Net Income Analysis

Change To Inventory vs Net Income

Change To Inventory vs Net Income Correlation Analysis

Correlation Coefficient

Change To Inventory

Net Income

TongFu Microelectronics fundamental ratios Correlations

TongFu Microelectronics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TongFu Microelectronics fundamental ratios Accounts

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Other Information on Investing in TongFu Stock

COMMON DESTINATIONS

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COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Other Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Total Assets
Other Assets	+ 1.0	Total Current Liabilities

Short Term Investments	- 0.63	Long Term Debt
Non Currrent Assets Other	- 0.62	Short Term Investments
Non Current Assets Total	- 0.59	Short Term Investments
Short Term Investments	- 0.57	Retained Earnings
Short Term Investments	- 0.56	Net Tangible Assets
Short Term Investments	- 0.56	Property Plant Equipment