Shenzhen Total Stockholder Equity vs Cash Analysis

002168 Stock

2.82 0.01 0.36%

Shenzhen Hifuture financial indicator trend analysis is much more than just breaking down Shenzhen Hifuture prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Hifuture is a good investment. Please check the relationship between Shenzhen Hifuture Total Stockholder Equity and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Hifuture Electric. 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.

Total Stockholder Equity vs Cash

Total Stockholder Equity vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Hifuture Total Stockholder Equity account and Cash. At this time, the significance of the direction appears to have strong relationship.

The correlation between Shenzhen Hifuture's Total Stockholder Equity and Cash is 0.72. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Shenzhen Hifuture Electric, assuming nothing else is changed. The correlation between historical values of Shenzhen Hifuture's Total Stockholder Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Shenzhen Hifuture Electric are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Stockholder Equity i.e., Shenzhen Hifuture's Total Stockholder Equity and Cash go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

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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.

Cash

Cash refers to the most liquid asset of Shenzhen Hifuture, which is listed under current asset account on Shenzhen Hifuture Electric balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shenzhen Hifuture customers. The amounts must be unrestricted with restricted cash listed in a different Shenzhen Hifuture account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Shenzhen Hifuture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Hifuture 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 Shenzhen Hifuture Electric. 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 Tax Provision is expected to grow to about 5.4 M, whereas Selling General Administrative is forecasted to decline to about 43.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	114.1M	70.8M	74.9M	71.2M
Research Development	40.5M	31.4M	17.6M	16.7M

Gross Profit Research Development

Shenzhen Hifuture fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Other Liab	Good Will	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Treasury Stock	Non Current Assets Total
Total Assets		0.73	0.78	0.82	0.58	0.74	0.55	0.69	0.78	0.01	0.76	0.8	-0.12	0.45	-0.23	0.75	0.56	0.9	-0.53	-0.08	0.77	0.32	0.43	0.65	-0.45	0.86
Other Current Liab	0.73		0.77	0.55	0.45	0.38	0.33	0.56	0.33	-0.15	0.27	0.74	-0.18	0.3	-0.4	0.54	0.85	0.73	-0.64	-0.13	0.78	-0.08	0.66	0.3	-0.44	0.73
Total Current Liabilities	0.78	0.77		0.37	0.1	0.82	0.15	0.91	0.6	-0.39	0.54	0.99	-0.28	0.5	-0.59	0.84	0.58	0.83	-0.69	-0.56	0.46	0.46	0.72	0.15	-0.81	0.59
Total Stockholder Equity	0.82	0.55	0.37		0.9	0.39	0.72	0.32	0.63	0.3	0.65	0.38	0.0	0.33	0.07	0.31	0.37	0.66	-0.18	0.47	0.86	-0.03	0.05	0.85	0.03	0.79
Retained Earnings	0.58	0.45	0.1	0.9		0.06	0.65	0.0	0.46	0.32	0.49	0.09	0.05	-0.03	0.09	0.03	0.32	0.49	-0.05	0.71	0.86	-0.3	-0.12	0.88	0.32	0.74
Accounts Payable	0.74	0.38	0.82	0.39	0.06		0.24	0.86	0.8	-0.31	0.76	0.86	-0.24	0.49	-0.43	0.85	0.2	0.77	-0.49	-0.49	0.27	0.68	0.35	0.3	-0.7	0.45
Cash	0.55	0.33	0.15	0.72	0.65	0.24		-0.05	0.52	0.47	0.38	0.18	0.16	0.24	0.34	0.11	0.41	0.45	-0.06	0.36	0.56	-0.34	-0.31	0.7	0.31	0.54
Other Assets	0.69	0.56	0.91	0.32	0.0	0.86	-0.05		0.54	-0.5	0.58	0.9	-0.41	0.56	-0.64	0.82	0.27	0.69	-0.53	-0.55	0.3	0.67	0.69	0.06	-0.9	0.41
Net Receivables	0.78	0.33	0.6	0.63	0.46	0.8	0.52	0.54		0.03	0.88	0.61	-0.08	0.28	-0.17	0.62	0.18	0.77	-0.37	-0.08	0.44	0.38	0.09	0.68	-0.33	0.65
Inventory	0.01	-0.15	-0.39	0.3	0.32	-0.31	0.47	-0.5	0.03		-0.12	-0.38	0.51	0.2	0.92	-0.43	0.09	-0.21	0.05	0.48	0.1	-0.48	-0.35	0.23	0.56	0.03
Other Current Assets	0.76	0.27	0.54	0.65	0.49	0.76	0.38	0.58	0.88	-0.12		0.6	-0.19	0.16	-0.27	0.7	0.13	0.8	-0.24	-0.04	0.51	0.58	0.04	0.69	-0.3	0.7
Total Liab	0.8	0.74	0.99	0.38	0.09	0.86	0.18	0.9	0.61	-0.38	0.6		-0.29	0.48	-0.56	0.91	0.6	0.87	-0.66	-0.59	0.47	0.53	0.65	0.17	-0.79	0.62
Intangible Assets	-0.12	-0.18	-0.28	0.0	0.05	-0.24	0.16	-0.41	-0.08	0.51	-0.19	-0.29		0.09	0.57	-0.33	-0.09	-0.24	0.13	0.25	-0.11	-0.24	-0.36	0.05	0.42	-0.13
Common Stock	0.45	0.3	0.5	0.33	-0.03	0.49	0.24	0.56	0.28	0.2	0.16	0.48	0.09		0.16	0.29	0.19	0.24	-0.15	-0.3	0.06	0.26	0.32	-0.12	-0.43	0.05
Property Plant Equipment	-0.23	-0.4	-0.59	0.07	0.09	-0.43	0.34	-0.64	-0.17	0.92	-0.27	-0.56	0.57	0.16		-0.53	-0.11	-0.43	0.31	0.41	-0.17	-0.4	-0.54	0.03	0.66	-0.24
Long Term Debt	0.75	0.54	0.84	0.31	0.03	0.85	0.11	0.82	0.62	-0.43	0.7	0.91	-0.33	0.29	-0.53		0.46	0.85	-0.51	-0.62	0.39	0.72	0.48	0.24	-0.7	0.62
Other Liab	0.56	0.85	0.58	0.37	0.32	0.2	0.41	0.27	0.18	0.09	0.13	0.6	-0.09	0.19	-0.11	0.46		0.64	-0.55	-0.22	0.67	-0.19	0.43	0.18	-0.18	0.69
Good Will	0.9	0.73	0.83	0.66	0.49	0.77	0.45	0.69	0.77	-0.21	0.8	0.87	-0.24	0.24	-0.43	0.85	0.64		-0.52	-0.24	0.74	0.38	0.37	0.59	-0.44	0.9
Short Term Investments	-0.53	-0.64	-0.69	-0.18	-0.05	-0.49	-0.06	-0.53	-0.37	0.05	-0.24	-0.66	0.13	-0.15	0.31	-0.51	-0.55	-0.52		0.34	-0.39	-0.07	-0.73	-0.1	0.65	-0.42
Net Tangible Assets	-0.08	-0.13	-0.56	0.47	0.71	-0.49	0.36	-0.55	-0.08	0.48	-0.04	-0.59	0.25	-0.3	0.41	-0.62	-0.22	-0.24	0.34		0.36	-0.59	-0.47	0.56	0.71	0.1
Other Stockholder Equity	0.77	0.78	0.46	0.86	0.86	0.27	0.56	0.3	0.44	0.1	0.51	0.47	-0.11	0.06	-0.17	0.39	0.67	0.74	-0.39	0.36		-0.14	0.25	0.75	-0.02	0.91
Deferred Long Term Liab	0.32	-0.08	0.46	-0.03	-0.3	0.68	-0.34	0.67	0.38	-0.48	0.58	0.53	-0.24	0.26	-0.4	0.72	-0.19	0.38	-0.07	-0.59	-0.14		0.23	-0.07	-0.61	0.1
Long Term Investments	0.43	0.66	0.72	0.05	-0.12	0.35	-0.31	0.69	0.09	-0.35	0.04	0.65	-0.36	0.32	-0.54	0.48	0.43	0.37	-0.73	-0.47	0.25	0.23		-0.21	-0.83	0.28
Total Current Assets	0.65	0.3	0.15	0.85	0.88	0.3	0.7	0.06	0.68	0.23	0.69	0.17	0.05	-0.12	0.03	0.24	0.18	0.59	-0.1	0.56	0.75	-0.07	-0.21		0.24	0.76
Treasury Stock	-0.45	-0.44	-0.81	0.03	0.32	-0.7	0.31	-0.9	-0.33	0.56	-0.3	-0.79	0.42	-0.43	0.66	-0.7	-0.18	-0.44	0.65	0.71	-0.02	-0.61	-0.83	0.24		-0.14
Non Current Assets Total	0.86	0.73	0.59	0.79	0.74	0.45	0.54	0.41	0.65	0.03	0.7	0.62	-0.13	0.05	-0.24	0.62	0.69	0.9	-0.42	0.1	0.91	0.1	0.28	0.76	-0.14

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Shenzhen Hifuture Account Relationship Matchups

Shenzhen Hifuture fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.5B	2.0B	955.7M	811.1M	944.0M	1.6B
Other Current Liab	226.3M	138.0M	181.0M	3.5M	10.1M	9.6M
Total Current Liabilities	1.0B	586.2M	608.3M	585.1M	700.7M	453.6M
Total Stockholder Equity	1.9B	829.5M	103.3M	20.6M	17.5M	16.7M
Retained Earnings	867.9M	(661.4M)	(884.3M)	(1.1B)	(1.1B)	(1.0B)
Accounts Payable	376.8M	271.8M	192.0M	168.3M	225.6M	138.0M
Cash	250.6M	115.1M	80.8M	94.2M	71.5M	67.9M
Other Assets	338.9M	402.1M	305.6M	227.8M	262.0M	142.7M
Net Receivables	682.1M	114.7M	264.5M	91.8M	174.6M	225.6M
Inventory	48.6M	29.1M	35.5M	34.4M	66.2M	71.1M
Other Current Assets	416.2M	110.8M	34.0M	10.5M	12.3M	11.7M
Total Liab	1.4B	1.0B	821.7M	763.2M	898.0M	611.3M
Intangible Assets	15.0M	12.1M	12.1M	13.7M	37.8M	24.5M
Property Plant Equipment	101.5M	84.8M	162.0M	164.2M	188.9M	243.8M
Long Term Debt	558.9M	459.2M	196.4M	156.6M	142.5M	277.0M
Other Liab	193.9M	12.9M	13.3M	12.7M	14.6M	13.9M
Net Tangible Assets	711.1M	688.4M	343.0M	91.0M	81.9M	77.8M
Other Stockholder Equity	41.7M	33.0M	9.7M	(19.6M)	(17.6M)	(16.7M)
Deferred Long Term Liab	15.3M	99.2M	83.3M	37.0M	42.5M	39.6M
Total Current Assets	1.7B	831.0M	414.7M	290.3M	404.0M	745.5M
Non Current Assets Total	2.1B	956.5M	541.0M	520.9M	539.9M	997.2M
Non Currrent Assets Other	20.2M	13.7M	9.4M	3.8M	3.4M	3.3M
Non Current Liabilities Total	571.8M	472.5M	213.4M	178.1M	197.3M	268.0M
Short Long Term Debt	113.9M	357M	142.3M	13M	5.7M	5.4M
Net Invested Capital	2.8B	1.4B	299.7M	190.2M	165.8M	157.5M
Net Working Capital	534.3M	475.5M	(193.6M)	(294.9M)	(296.6M)	(281.8M)

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

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Shenzhen Total Stockholder Equity vs Cash Analysis

Total Stockholder Equity vs Cash

Total Stockholder Equity vs Cash Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Cash

Shenzhen Hifuture fundamental ratios Correlations

Shenzhen Hifuture Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen Hifuture fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Property Plant Equipment	+ 0.92	Inventory
Other Assets	+ 0.91	Total Current Liabilities
Long Term Debt	+ 0.91	Total Liab
Non Current Assets Total	+ 0.91	Other Stockholder Equity
Good Will	+ 0.9	Total Assets

Treasury Stock	- 0.9	Other Assets
Treasury Stock	- 0.83	Long Term Investments
Treasury Stock	- 0.81	Total Current Liabilities
Treasury Stock	- 0.79	Total Liab
Long Term Investments	- 0.73	Short Term Investments
Treasury Stock	- 0.7	Long Term Debt