Westone Property Plant And Equipment Net vs Inventory Analysis

002268 Stock   18.55  0.10  0.54%   
Westone Information financial indicator trend analysis is more than just analyzing Westone Information current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westone Information is a good investment. Please check the relationship between Westone Information Property Plant And Equipment Net and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Westone Information Industry. 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.

Property Plant And Equipment Net vs Inventory

Property Plant And Equipment Net vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westone Information Property Plant And Equipment Net account and Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Westone Information's Property Plant And Equipment Net and Inventory is 0.67. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Inventory in the same time period over historical financial statements of Westone Information Industry, assuming nothing else is changed. The correlation between historical values of Westone Information's Property Plant And Equipment Net 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 Property Plant And Equipment Net of Westone Information Industry 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 Property Plant And Equipment Net i.e., Westone Information's Property Plant And Equipment Net and Inventory go up and down completely randomly.

Correlation Coefficient

0.67
Relationship DirectionPositive 
Relationship StrengthSignificant

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Inventory

Most indicators from Westone Information's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westone Information 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 Westone Information Industry. 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 8.1 M, whereas Selling General Administrative is forecasted to decline to about 91.6 M.
 2021 2022 2023 2024 (projected)
Operating Income282.5M395.9M361.7M379.8M
Total Revenue2.8B3.4B3.1B3.2B

Westone Information fundamental ratios Correlations

0.10.150.920.990.240.860.66-0.90.940.990.960.980.54-0.08-0.460.950.860.60.440.710.890.950.921.0-0.03
0.10.110.37-0.010.150.40.090.280.010.14-0.080.27-0.170.00.05-0.10.26-0.120.03-0.110.17-0.030.370.040.94
0.150.110.130.140.510.24-0.06-0.13-0.020.160.110.160.090.210.280.080.34-0.050.50.03-0.060.220.140.15-0.08
0.920.370.130.860.30.860.78-0.70.880.940.820.950.540.03-0.390.820.810.550.490.70.830.781.00.90.28
0.99-0.010.140.860.190.830.59-0.940.930.970.970.950.51-0.13-0.470.960.840.590.390.690.880.980.860.99-0.14
0.240.150.510.30.190.240.09-0.140.190.290.170.250.330.30.00.180.390.130.850.0-0.010.180.320.230.11
0.860.40.240.860.830.240.59-0.660.690.830.750.920.18-0.09-0.050.680.950.250.370.670.860.840.850.820.29
0.660.09-0.060.780.590.090.59-0.570.670.660.620.670.420.19-0.130.60.490.350.320.880.620.490.780.640.08
-0.90.28-0.13-0.7-0.94-0.14-0.66-0.57-0.87-0.86-0.98-0.8-0.490.150.47-0.95-0.67-0.58-0.35-0.72-0.74-0.92-0.7-0.930.41
0.940.01-0.020.880.930.190.690.67-0.870.960.930.880.72-0.12-0.660.970.690.80.460.640.770.830.880.95-0.1
0.990.140.160.940.970.290.830.66-0.860.960.940.970.62-0.03-0.510.940.840.660.50.660.850.910.940.990.01
0.96-0.080.110.820.970.170.750.62-0.980.930.940.890.5-0.17-0.520.980.740.610.370.730.820.950.820.98-0.21
0.980.270.160.950.950.250.920.67-0.80.880.970.890.460.0-0.370.860.90.490.40.690.920.910.950.950.14
0.54-0.170.090.540.510.330.180.42-0.490.720.620.50.460.17-0.670.640.290.890.630.210.270.370.560.56-0.24
-0.080.00.210.03-0.130.3-0.090.190.15-0.12-0.03-0.170.00.170.18-0.20.05-0.240.12-0.06-0.05-0.150.04-0.12-0.02
-0.460.050.28-0.39-0.470.0-0.05-0.130.47-0.66-0.51-0.52-0.37-0.670.18-0.62-0.06-0.79-0.10.02-0.26-0.35-0.4-0.490.16
0.95-0.10.080.820.960.180.680.6-0.950.970.940.980.860.64-0.2-0.620.680.760.440.670.760.90.820.97-0.23
0.860.260.340.810.840.390.950.49-0.670.690.840.740.90.290.05-0.060.680.280.490.580.820.860.810.830.16
0.6-0.12-0.050.550.590.130.250.35-0.580.80.660.610.490.89-0.24-0.790.760.280.50.230.340.460.560.64-0.21
0.440.030.50.490.390.850.370.32-0.350.460.50.370.40.630.12-0.10.440.490.50.250.150.330.510.45-0.03
0.71-0.110.030.70.690.00.670.88-0.720.640.660.730.690.21-0.060.020.670.580.230.250.710.670.690.71-0.11
0.890.17-0.060.830.88-0.010.860.62-0.740.770.850.820.920.27-0.05-0.260.760.820.340.150.710.870.820.860.12
0.95-0.030.220.780.980.180.840.49-0.920.830.910.950.910.37-0.15-0.350.90.860.460.330.670.870.780.95-0.18
0.920.370.141.00.860.320.850.78-0.70.880.940.820.950.560.04-0.40.820.810.560.510.690.820.780.90.27
1.00.040.150.90.990.230.820.64-0.930.950.990.980.950.56-0.12-0.490.970.830.640.450.710.860.950.9-0.1
-0.030.94-0.080.28-0.140.110.290.080.41-0.10.01-0.210.14-0.24-0.020.16-0.230.16-0.21-0.03-0.110.12-0.180.27-0.1
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Westone Information Account Relationship Matchups

Westone Information fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.0B6.5B7.1B7.6B7.6B8.0B
Short Long Term Debt Total127.7M195.9M14.0M85.4M78.8M154.1M
Other Current Liab11.3M1.4M13.0M156.9M11.2M10.7M
Total Current Liabilities1.3B1.7B2.0B2.2B2.0B2.1B
Total Stockholder Equity4.6B4.7B5.0B5.2B5.5B5.8B
Other Liab39.1M29.7M28.2M54.1M62.3M37.9M
Property Plant And Equipment Net1.5B1.5B1.4B1.5B1.4B724.4M
Current Deferred Revenue93.4M314.0M742.2M489.6M373.9M248.5M
Net Debt(1.4B)(1.8B)(2.6B)(2.0B)(2.5B)(2.4B)
Retained Earnings1.1B1.2B1.4B1.7B2.0B2.1B
Accounts Payable1.1B1.2B1.2B1.5B1.6B1.7B
Cash1.5B2.0B2.7B2.1B2.6B2.7B
Non Current Assets Total1.9B1.9B1.9B2.0B2.0B2.1B
Non Currrent Assets Other62.5M9.7M8.7M721.6M713.3M749.0M
Cash And Short Term Investments1.5B2.0B2.7B2.8B3.3B3.4B
Net Receivables2.2B2.0B1.4B2.0B2.0B1.1B
Short Term Investments(215.4K)(4.3K)(6.3M)700M805M845.3M
Liabilities And Stockholders Equity6.0B6.5B7.1B7.6B7.6B8.0B
Non Current Liabilities Total39.1M29.7M34.7M105.2M88.1M44.6M
Inventory290.5M475.5M968.5M656.6M333.3M244.4M
Other Current Assets70.7M91.9M74.5M51.7M54.0M56.7M
Other Stockholder Equity2.5B2.5B2.6B2.5B2.5B2.6B
Total Liab1.4B1.8B2.0B2.3B2.1B2.2B
Total Current Assets4.1B4.5B5.1B5.6B5.6B5.9B
Short Term Debt127.7M186.9M7.5M34.3M40.6M38.6M
Intangible Assets195.2M274.2M263.5M270.2M280.8M294.8M
Property Plant Equipment1.5B1.5B1.4B1.5B1.7B1.8B
Net Tangible Assets4.5B4.5B4.9B5.1B5.9B4.2B
Deferred Long Term Liab97.8M103.4M86.0M149.5M171.9M180.5M
Net Invested Capital4.6B4.7B5.0B5.2B5.5B5.3B
Net Working Capital2.8B2.8B3.1B3.3B3.6B3.3B

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Other Information on Investing in Westone Stock

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