Zhejiang Inventory vs Other Stockholder Equity Analysis

002273 Stock   23.37  0.92  4.10%   
Zhejiang Crystal financial indicator trend analysis is more than just analyzing Zhejiang Crystal Optech current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Crystal Optech is a good investment. Please check the relationship between Zhejiang Crystal Inventory and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Crystal Optech. 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.

Inventory vs Other Stockholder Equity

Inventory vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Crystal Optech Inventory account and Other Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
InventoryOther Stockholder EquityDiversified AwayInventoryOther Stockholder EquityDiversified Away100%
The correlation between Zhejiang Crystal's Inventory and Other Stockholder Equity is 0.95. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Zhejiang Crystal Optech, assuming nothing else is changed. The correlation between historical values of Zhejiang Crystal's Inventory and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Zhejiang Crystal Optech are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Inventory i.e., Zhejiang Crystal's Inventory and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Inventory

Other Stockholder Equity

Most indicators from Zhejiang Crystal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Crystal Optech 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 Zhejiang Crystal Optech. 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 284.2 M, whereas Tax Provision is forecasted to decline to about 36.5 M.
 2021 2022 2023 2024 (projected)
Operating Income420.1M478.8M629.9M661.4M
Total Revenue3.8B4.4B5.1B5.3B

Zhejiang Crystal fundamental ratios Correlations

-0.30.971.00.99-0.870.990.970.951.00.950.960.230.990.210.960.940.990.98-0.040.690.580.99-0.260.730.99
-0.3-0.33-0.3-0.360.39-0.36-0.37-0.36-0.33-0.37-0.230.1-0.370.58-0.23-0.24-0.26-0.30.610.29-0.47-0.38-0.120.09-0.36
0.97-0.330.960.99-0.840.971.00.880.980.880.940.080.980.160.920.90.940.96-0.160.610.670.98-0.240.630.99
1.0-0.30.960.98-0.90.980.960.960.990.960.950.150.990.190.980.90.990.98-0.080.680.590.99-0.260.720.99
0.99-0.360.990.98-0.850.990.990.921.00.930.960.170.990.150.940.930.970.98-0.120.620.620.99-0.250.671.0
-0.870.39-0.84-0.9-0.85-0.85-0.85-0.94-0.85-0.94-0.750.16-0.870.05-0.93-0.66-0.88-0.830.37-0.48-0.61-0.890.38-0.49-0.86
0.99-0.360.970.980.99-0.850.970.931.00.930.970.220.990.140.930.940.970.99-0.080.640.630.99-0.220.711.0
0.97-0.371.00.960.99-0.850.970.890.980.890.940.080.980.140.920.90.940.95-0.190.580.650.98-0.250.60.99
0.95-0.360.880.960.92-0.940.930.890.931.00.860.180.920.080.960.840.970.91-0.160.580.540.93-0.380.620.93
1.0-0.330.980.991.0-0.851.00.980.930.930.960.20.990.180.950.940.970.99-0.070.660.610.99-0.230.721.0
0.95-0.370.880.960.93-0.940.930.891.00.930.870.190.920.080.950.850.970.92-0.160.580.540.93-0.380.630.93
0.96-0.230.940.950.96-0.750.970.940.860.960.870.290.940.270.890.940.950.980.080.720.570.95-0.10.790.96
0.230.10.080.150.170.160.220.080.180.20.190.290.120.40.090.50.260.230.640.36-0.230.09-0.030.420.17
0.99-0.370.980.990.99-0.870.990.980.920.990.920.940.120.120.950.90.960.97-0.150.620.640.99-0.220.680.99
0.210.580.160.190.150.050.140.140.080.180.080.270.40.120.270.310.260.170.80.7-0.280.140.020.460.14
0.96-0.230.920.980.94-0.930.930.920.960.950.950.890.090.950.270.840.970.92-0.070.70.520.95-0.310.680.94
0.94-0.240.90.90.93-0.660.940.90.840.940.850.940.50.90.310.840.920.930.130.680.490.89-0.220.720.93
0.99-0.260.940.990.97-0.880.970.940.970.970.970.950.260.960.260.970.920.970.010.710.530.97-0.280.740.97
0.98-0.30.960.980.98-0.830.990.950.910.990.920.980.230.970.170.920.930.97-0.020.670.590.98-0.190.750.98
-0.040.61-0.16-0.08-0.120.37-0.08-0.19-0.16-0.07-0.160.080.64-0.150.8-0.070.130.01-0.020.55-0.44-0.130.220.48-0.12
0.690.290.610.680.62-0.480.640.580.580.660.580.720.360.620.70.70.680.710.670.550.260.63-0.070.90.62
0.58-0.470.670.590.62-0.610.630.650.540.610.540.57-0.230.64-0.280.520.490.530.59-0.440.260.650.050.380.63
0.99-0.380.980.990.99-0.890.990.980.930.990.930.950.090.990.140.950.890.970.98-0.130.630.65-0.20.680.99
-0.26-0.12-0.24-0.26-0.250.38-0.22-0.25-0.38-0.23-0.38-0.1-0.03-0.220.02-0.31-0.22-0.28-0.190.22-0.070.05-0.20.17-0.26
0.730.090.630.720.67-0.490.710.60.620.720.630.790.420.680.460.680.720.740.750.480.90.380.680.170.67
0.99-0.360.990.991.0-0.861.00.990.931.00.930.960.170.990.140.940.930.970.98-0.120.620.630.99-0.260.67
Click cells to compare fundamentals

Zhejiang Crystal Account Relationship Matchups

Zhejiang Crystal fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.4B7.5B9.8B10.3B11.3B11.8B
Other Current Liab6.6M477.8K201.7K818.1K1.3M1.2M
Total Current Liabilities800.0M1.4B1.3B1.6B2.1B2.2B
Total Stockholder Equity4.6B5.6B8.1B8.1B8.6B9.0B
Property Plant And Equipment Net2.6B3.2B3.6B4.2B5.0B5.3B
Net Debt(480.4M)(1.3B)(3.1B)(2.4B)(2.3B)(2.1B)
Retained Earnings1.8B2.1B2.2B2.5B2.8B2.9B
Accounts Payable678.3M1.1B1.1B1.3B1.8B1.9B
Cash1.2B1.5B3.2B2.5B2.4B2.5B
Non Current Assets Total3.6B4.3B5.0B6.0B6.5B6.8B
Cash And Short Term Investments1.3B1.5B3.2B2.5B2.4B2.5B
Net Receivables993.9M1.1B1.0B982.1M1.3B1.4B
Liabilities And Stockholders Equity6.4B7.5B9.8B10.3B11.3B11.8B
Non Current Liabilities Total777.5M132.5M179.6M191.3M183.5M224.1M
Inventory385.0M489.7M550.0M700.5M718.8M754.7M
Other Current Assets46.6M40.5M61.5M83.4M309.3M324.8M
Other Stockholder Equity1.4B2.1B4.2B3.9B4.0B4.2B
Total Liab1.6B1.6B1.4B1.8B2.3B2.4B
Total Current Assets2.8B3.2B4.9B4.3B4.8B5.0B
Common Stock862.8M1.2B1.2B1.4B1.6B1.7B
Short Long Term Debt Total692.1M219.7M113.7M160.0M163.2M155.1M
Current Deferred Revenue106.0M114.1M116.3M146.8M177.6M94.1M
Short Term Debt9.1M219.7M87.5M132.8M138.3M72.1M
Other Liab94.5M132.5M153.3M164.1M188.7M198.2M
Other Assets17.3M28.4M42.1M1.01.151.09
Intangible Assets277.8M270.2M269.2M304.5M295.5M174.6M
Property Plant Equipment2.6B3.2B3.6B4.2B4.8B5.1B
Non Currrent Assets Other163.5M22.8M136.8M440.6M158.3M156.6M
Net Tangible Assets4.2B5.3B7.7B7.8B8.9B5.0B
Short Term Investments152.5M692.8K(40.3M)(69.4M)279.6M163.5M
Deferred Long Term Liab5.8M8.3M26.6M49.1M56.5M59.3M
Common Stock Shares Outstanding1.1B1.2B1.2B1.4B1.6B1.4B
Net Invested Capital5.3B5.8B8.1B8.3B8.7B7.2B
Short Long Term Debt9.1M219.7M81.8M127.3M135.3M94.8M
Net Working Capital2.0B1.7B3.6B2.7B2.7B2.6B

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Other Information on Investing in Zhejiang Stock

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