Success Change To Liabilities vs Net Income Analysis

002289 Stock

3.85 0.07 1.79%

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 Liabilities and its Net Income 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 Liabilities vs Net Income

Change To Liabilities vs Net Income Correlation Analysis

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

The correlation between Success Electronics' Change To Liabilities and Net Income is -0.59. Overlapping area represents the amount of variation of Change To Liabilities that can explain the historical movement of Net Income 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 Liabilities 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 Liabilities of Success Electronics 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 Liabilities i.e., Success Electronics' Change To Liabilities and Net Income go up and down completely randomly.

Correlation Coefficient

-0.59

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Change To Liabilities

Net Income

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

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 733.8 K, whereas Selling General Administrative is forecasted to decline to about 7.9 M.

	2023	2024 (projected)
Research Development	3.4M	3.3M
Minority Interest	3.8M	4.2M

Research Development Minority Interest

Success Electronics 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	Other Liab	Long Term Debt	Good Will	Net Tangible Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other
Total Assets		0.79	0.98	0.89	0.04	0.94	0.95	0.62	0.93	0.99	0.9	0.98	0.6	-0.35	0.86	0.91	0.52	0.51	0.69	0.65	-0.06	0.63	0.69	0.7	0.7	0.62
Other Current Liab	0.79		0.76	0.76	0.0	0.7	0.79	0.96	0.62	0.8	0.83	0.75	0.14	-0.26	0.63	0.67	-0.01	0.47	0.46	0.42	-0.09	0.41	0.46	0.48	0.48	0.4
Total Current Liabilities	0.98	0.76		0.77	0.07	0.97	0.91	0.57	0.97	0.95	0.9	1.0	0.5	-0.4	0.84	0.94	0.55	0.48	0.71	0.67	-0.1	0.65	0.72	0.73	0.73	0.63
Total Stockholder Equity	0.89	0.76	0.77		-0.03	0.72	0.91	0.67	0.68	0.91	0.77	0.77	0.69	-0.19	0.74	0.7	0.33	0.5	0.51	0.48	-0.02	0.47	0.5	0.5	0.51	0.45
Retained Earnings	0.04	0.0	0.07	-0.03		0.03	-0.1	-0.01	0.09	0.07	0.25	0.06	0.0	-0.79	0.08	0.23	-0.05	0.67	0.61	0.57	-0.06	0.55	0.6	0.61	0.61	0.54
Accounts Payable	0.94	0.7	0.97	0.72	0.03		0.88	0.48	0.97	0.92	0.85	0.98	0.54	-0.3	0.75	0.88	0.61	0.39	0.62	0.58	-0.08	0.56	0.62	0.63	0.63	0.55
Cash	0.95	0.79	0.91	0.91	-0.1	0.88		0.64	0.85	0.94	0.82	0.91	0.6	-0.22	0.75	0.78	0.45	0.38	0.54	0.5	-0.17	0.46	0.54	0.59	0.58	0.43
Other Assets	0.62	0.96	0.57	0.67	-0.01	0.48	0.64		0.4	0.65	0.71	0.56	-0.02	-0.21	0.52	0.51	-0.23	0.44	0.35	0.33	-0.06	0.32	0.35	0.36	0.36	0.31
Net Receivables	0.93	0.62	0.97	0.68	0.09	0.97	0.85	0.4		0.89	0.84	0.98	0.53	-0.38	0.79	0.91	0.68	0.4	0.7	0.64	-0.12	0.63	0.7	0.72	0.73	0.63
Inventory	0.99	0.8	0.95	0.91	0.07	0.92	0.94	0.65	0.89		0.87	0.95	0.65	-0.36	0.8	0.87	0.44	0.59	0.65	0.61	-0.1	0.59	0.66	0.68	0.68	0.58
Other Current Assets	0.9	0.83	0.9	0.77	0.25	0.85	0.82	0.71	0.84	0.87		0.9	0.31	-0.44	0.86	0.87	0.34	0.54	0.72	0.69	-0.03	0.66	0.73	0.72	0.72	0.64
Total Liab	0.98	0.75	1.0	0.77	0.06	0.98	0.91	0.56	0.98	0.95	0.9		0.51	-0.4	0.85	0.94	0.57	0.47	0.71	0.67	-0.09	0.65	0.72	0.73	0.73	0.64
Intangible Assets	0.6	0.14	0.5	0.69	0.0	0.54	0.6	-0.02	0.53	0.65	0.31	0.51		-0.09	0.43	0.45	0.59	0.36	0.33	0.32	-0.01	0.31	0.33	0.33	0.33	0.3
Common Stock	-0.35	-0.26	-0.4	-0.19	-0.79	-0.3	-0.22	-0.21	-0.38	-0.36	-0.44	-0.4	-0.09		-0.38	-0.53	-0.03	-0.82	-0.81	-0.75	0.2	-0.72	-0.8	-0.85	-0.85	-0.68
Property Plant Equipment	0.86	0.63	0.84	0.74	0.08	0.75	0.75	0.52	0.79	0.8	0.86	0.85	0.43	-0.38		0.92	0.54	0.47	0.74	0.78	0.24	0.76	0.77	0.68	0.7	0.76
Other Liab	0.91	0.67	0.94	0.7	0.23	0.88	0.78	0.51	0.91	0.87	0.87	0.94	0.45	-0.53	0.92		0.6	0.57	0.85	0.86	0.15	0.85	0.87	0.8	0.82	0.85
Long Term Debt	0.52	-0.01	0.55	0.33	-0.05	0.61	0.45	-0.23	0.68	0.44	0.34	0.57	0.59	-0.03	0.54	0.6		-0.08	0.45	0.48	0.28	0.5	0.45	0.36	0.39	0.53
Good Will	0.51	0.47	0.48	0.5	0.67	0.39	0.38	0.44	0.4	0.59	0.54	0.47	0.36	-0.82	0.47	0.57	-0.08		0.72	0.66	-0.16	0.64	0.72	0.76	0.75	0.62
Net Tangible Assets	0.69	0.46	0.71	0.51	0.61	0.62	0.54	0.35	0.7	0.65	0.72	0.71	0.33	-0.81	0.74	0.85	0.45	0.72		0.93	0.05	0.91	0.98	0.94	0.97	0.92
Non Current Assets Total	0.65	0.42	0.67	0.48	0.57	0.58	0.5	0.33	0.64	0.61	0.69	0.67	0.32	-0.75	0.78	0.86	0.48	0.66	0.93		0.28	0.97	0.98	0.86	0.89	0.94
Non Currrent Assets Other	-0.06	-0.09	-0.1	-0.02	-0.06	-0.08	-0.17	-0.06	-0.12	-0.1	-0.03	-0.09	-0.01	0.2	0.24	0.15	0.28	-0.16	0.05	0.28		0.28	0.1	-0.23	-0.17	0.31
Non Current Liabilities Total	0.63	0.41	0.65	0.47	0.55	0.56	0.46	0.32	0.63	0.59	0.66	0.65	0.31	-0.72	0.76	0.85	0.5	0.64	0.91	0.97	0.28		0.95	0.83	0.87	0.97
Deferred Long Term Liab	0.69	0.46	0.72	0.5	0.6	0.62	0.54	0.35	0.7	0.66	0.73	0.72	0.33	-0.8	0.77	0.87	0.45	0.72	0.98	0.98	0.1	0.95		0.94	0.96	0.93
Short Long Term Debt	0.7	0.48	0.73	0.5	0.61	0.63	0.59	0.36	0.72	0.68	0.72	0.73	0.33	-0.85	0.68	0.8	0.36	0.76	0.94	0.86	-0.23	0.83	0.94		0.99	0.81
Total Current Assets	0.7	0.48	0.73	0.51	0.61	0.63	0.58	0.36	0.73	0.68	0.72	0.73	0.33	-0.85	0.7	0.82	0.39	0.75	0.97	0.89	-0.17	0.87	0.96	0.99		0.86
Non Current Liabilities Other	0.62	0.4	0.63	0.45	0.54	0.55	0.43	0.31	0.63	0.58	0.64	0.64	0.3	-0.68	0.76	0.85	0.53	0.62	0.92	0.94	0.31	0.97	0.93	0.81	0.86

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Success Electronics Account Relationship Matchups

Success Electronics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	411.6M	361.4M	359.9M	289.9M	316.2M	300.4M
Other Current Liab	4.7M	4.1M	4.7M	6.1M	608.1K	577.7K
Total Current Liabilities	41.2M	66.7M	74.3M	27.3M	39.6M	37.6M
Total Stockholder Equity	329.8M	298.2M	272.2M	246.8M	247.9M	422.8M
Retained Earnings	(1.7B)	(1.7B)	(1.7B)	(1.7B)	(1.8B)	(1.7B)
Accounts Payable	21.2M	51.1M	53.1M	18.5M	23.9M	22.7M
Cash	47.2M	185.2M	67.4M	101.9M	91.5M	169.5M
Other Assets	6.0M	4.9M	3.0M	3.3M	3.0M	2.8M
Net Receivables	226.5M	47.5M	105.3M	29.9M	37.1M	35.2M
Inventory	28.0M	23.3M	40.1M	17.3M	19.4M	18.4M
Other Current Assets	1.1M	3.9M	4.6M	949.5K	3.8M	3.6M
Total Liab	81.8M	63.2M	87.7M	43.1M	68.3M	64.9M
Property Plant Equipment	102.8M	121.1M	112.4M	89.7M	80.7M	76.7M
Other Liab	7.9M	2.5M	1.8M	1.1M	990K	940.5K
Long Term Debt	50.3M	41.5M	32.7M	14.7M	13.3M	12.6M
Net Tangible Assets	329.8M	298.2M	272.2M	246.8M	222.1M	278.4M
Non Current Assets Total	108.8M	101.5M	142.5M	120.1M	152.7M	195.9M
Non Currrent Assets Other	485.2K	102.1K	212.1K	232.4K	94.8K	90.1K
Non Current Liabilities Total	40.6M	2.5M	13.4M	15.8M	28.7M	33.1M
Deferred Long Term Liab	838.1K	401.8K	1.0M	985.2K	886.7K	842.4K
Total Current Assets	302.8M	259.9M	217.4M	169.7M	163.5M	250.0M
Non Current Liabilities Other	50.3M	41.5M	32.7M	121.8K	109.7K	104.2K
Net Invested Capital	362.5M	298.2M	272.2M	261.5M	262.7M	281.9M
Net Working Capital	261.6M	199.2M	143.1M	142.4M	124.0M	155.8M

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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.

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Success Change To Liabilities vs Net Income Analysis

Change To Liabilities vs Net Income

Change To Liabilities vs Net Income Correlation Analysis

Correlation Coefficient

Change To Liabilities

Net Income

Success Electronics fundamental ratios Correlations

Success Electronics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Success Electronics fundamental ratios Accounts

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Other Information on Investing in Success Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Inventory	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Short Long Term Debt
Total Current Liabilities	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Total Liab	+ 0.98	Accounts Payable

Total Current Assets	- 0.85	Common Stock
Short Long Term Debt	- 0.85	Common Stock
Good Will	- 0.82	Common Stock
Net Tangible Assets	- 0.81	Common Stock
Deferred Long Term Liab	- 0.8	Common Stock
Common Stock	- 0.79	Retained Earnings