Success Change To Account Receivables vs Other Non Cash Items Analysis

002289 Stock   3.96  0.02  0.51%   
Success Electronics financial indicator trend analysis is much more than just breaking down Success Electronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Success Electronics is a good investment. Please check the relationship between Success Electronics Change To Account Receivables and its Other Non Cash Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Success Electronics. 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 Account Receivables vs Other Non Cash Items

Change To Account Receivables vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Success Electronics Change To Account Receivables account and Other Non Cash Items. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Success Electronics' Change To Account Receivables and Other Non Cash Items is 0.52. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Success Electronics, assuming nothing else is changed. The correlation between historical values of Success Electronics' Change To Account Receivables and Other Non Cash Items 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 Account Receivables of Success Electronics are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Change To Account Receivables i.e., Success Electronics' Change To Account Receivables and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Change To Account Receivables

Other Non Cash Items

Most indicators from Success Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Success Electronics 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 Success Electronics. 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 843.9 K, whereas Selling General Administrative is forecasted to decline to about 7.1 M.
 2024 2025 (projected)
Research Development3.1M2.9M
Minority Interest3.8M4.2M

Success Electronics fundamental ratios Correlations

0.790.980.890.060.940.960.630.930.990.910.980.6-0.370.870.910.540.530.70.67-0.030.650.710.710.710.64
0.790.760.760.010.70.80.960.630.810.830.750.15-0.270.630.680.010.480.470.44-0.070.420.470.490.490.41
0.980.760.780.090.980.920.580.970.950.91.00.5-0.430.850.940.560.50.720.68-0.070.660.730.750.740.65
0.890.760.78-0.010.730.910.670.70.910.780.780.7-0.220.750.710.350.510.530.50.00.490.520.520.530.48
0.060.010.09-0.010.05-0.060.00.110.080.260.080.01-0.780.10.25-0.040.670.60.57-0.040.560.610.610.610.54
0.940.70.980.730.050.890.490.970.920.850.980.54-0.330.760.880.620.40.630.6-0.050.580.640.650.650.57
0.960.80.920.91-0.060.890.640.870.950.840.920.61-0.240.780.810.480.410.580.53-0.120.490.580.620.610.49
0.630.960.580.670.00.490.640.410.650.710.56-0.02-0.220.520.52-0.210.450.360.34-0.040.330.360.370.370.32
0.930.630.970.70.110.970.870.410.890.850.980.54-0.410.80.910.690.420.720.66-0.090.660.720.740.740.66
0.990.810.950.910.080.920.950.650.890.870.950.65-0.380.810.870.460.60.660.63-0.070.610.670.690.690.59
0.910.830.90.780.260.850.840.710.850.870.90.32-0.470.860.870.360.550.730.70.00.670.740.730.730.66
0.980.751.00.780.080.980.920.560.980.950.90.51-0.420.850.940.580.490.720.69-0.060.670.730.740.740.65
0.60.150.50.70.010.540.61-0.020.540.650.320.51-0.110.430.450.60.370.340.330.00.320.340.340.340.31
-0.37-0.27-0.43-0.22-0.78-0.33-0.24-0.22-0.41-0.38-0.47-0.42-0.11-0.41-0.56-0.06-0.83-0.82-0.760.16-0.74-0.81-0.85-0.86-0.7
0.870.630.850.750.10.760.780.520.80.810.860.850.43-0.410.920.560.490.760.80.270.770.790.690.720.78
0.910.680.940.710.250.880.810.520.910.870.870.940.45-0.560.920.610.580.860.870.180.860.880.820.840.86
0.540.010.560.35-0.040.620.48-0.210.690.460.360.580.6-0.060.560.61-0.050.470.50.30.520.480.380.420.55
0.530.480.50.510.670.40.410.450.420.60.550.490.37-0.830.490.58-0.050.730.67-0.130.650.730.760.760.64
0.70.470.720.530.60.630.580.360.720.660.730.720.34-0.820.760.860.470.730.940.090.920.980.940.970.93
0.670.440.680.50.570.60.530.340.660.630.70.690.33-0.760.80.870.50.670.940.30.970.980.870.90.94
-0.03-0.07-0.070.0-0.04-0.05-0.12-0.04-0.09-0.070.0-0.060.00.160.270.180.3-0.130.090.30.310.13-0.19-0.110.34
0.650.420.660.490.560.580.490.330.660.610.670.670.32-0.740.770.860.520.650.920.970.310.950.840.870.97
0.710.470.730.520.610.640.580.360.720.670.740.730.34-0.810.790.880.480.730.980.980.130.950.950.960.93
0.710.490.750.520.610.650.620.370.740.690.730.740.34-0.850.690.820.380.760.940.87-0.190.840.950.990.82
0.710.490.740.530.610.650.610.370.740.690.730.740.34-0.860.720.840.420.760.970.9-0.110.870.960.990.87
0.640.410.650.480.540.570.490.320.660.590.660.650.31-0.70.780.860.550.640.930.940.340.970.930.820.87
Click cells to compare fundamentals

Success Electronics Account Relationship Matchups

Success Electronics fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets361.4M359.9M289.9M316.2M284.6M270.4M
Other Current Liab4.1M4.7M6.1M608.1K547.2K519.9K
Total Current Liabilities66.7M74.3M27.3M39.6M35.6M33.8M
Total Stockholder Equity298.2M272.2M246.8M247.9M223.1M422.8M
Retained Earnings(1.7B)(1.7B)(1.7B)(1.8B)(1.6B)(1.7B)
Accounts Payable51.1M53.1M18.5M23.9M21.5M20.4M
Cash185.2M67.4M101.9M91.5M82.4M78.2M
Other Assets6.0M4.9M3.0M3.3M3.0M2.8M
Net Receivables38.8M49.3M29.9M37.1M33.4M31.7M
Inventory23.3M40.1M17.3M19.4M17.5M16.6M
Other Current Assets3.9M4.6M949.5K3.8M3.4M3.2M
Total Liab63.2M87.7M43.1M68.3M61.5M58.4M
Property Plant Equipment102.8M121.1M112.4M89.7M80.7M76.7M
Other Liab7.9M2.5M1.8M1.1M990K940.5K
Net Tangible Assets329.8M298.2M272.2M246.8M222.1M278.4M
Non Current Assets Total101.5M142.5M120.1M152.7M137.4M195.9M
Non Currrent Assets Other102.1K212.1K232.4K94.8K85.3K81.1K
Non Current Liabilities Total2.5M13.4M15.8M28.7M25.9M33.1M
Deferred Long Term Liab838.1K401.8K1.0M985.2K886.7K842.4K
Total Current Assets259.9M217.4M169.7M163.5M147.2M250.0M
Net Invested Capital298.2M272.2M261.5M262.7M236.4M281.9M
Net Working Capital199.2M143.1M142.4M124.0M142.6M155.8M
Property Plant And Equipment Net96.6M112.4M89.7M105.2M94.7M81.1M
Property Plant And Equipment Gross184.8M196.4M89.7M163.6M147.2M134.5M

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Other Information on Investing in Success Stock

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