Beijing Net Debt vs Good Will Analysis

002439 Stock

16.92 0.47 2.70%

Beijing Venustech financial indicator trend analysis is way more than just evaluating Beijing Venustech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Venustech is a good investment. Please check the relationship between Beijing Venustech Net Debt and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing Venustech. 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.

Net Debt vs Good Will

Net Debt vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Beijing Venustech Net Debt account and Good Will. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Beijing Venustech's Net Debt and Good Will is -0.61. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Good Will in the same time period over historical financial statements of Beijing Venustech, assuming nothing else is changed. The correlation between historical values of Beijing Venustech's Net Debt and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Beijing Venustech are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Debt i.e., Beijing Venustech's Net Debt and Good Will go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Beijing Venustech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Venustech 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 Beijing Venustech. 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 699.6 M. The current year's Tax Provision is expected to grow to about 36.7 M

	2021	2022	2023	2024 (projected)
Operating Income	914.1M	650.7M	714.4M	426.7M
Total Revenue	4.4B	4.4B	4.5B	2.5B

Operating Income Total Revenue

Beijing Venustech fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Good Will	Other Liab
Total Assets		0.2	0.4	0.96	1.0	0.92	0.19	-0.9	0.98	0.98	0.91	0.95	0.41	0.97	1.0	0.27	0.95	-0.32	0.92	0.94	1.0	0.45	0.62	0.66	0.85	0.93
Short Long Term Debt Total	0.2		0.07	0.2	0.17	-0.01	0.4	-0.09	0.18	0.22	0.17	0.28	0.07	0.17	0.19	0.67	0.08	0.04	0.09	0.33	0.18	-0.04	0.29	0.32	0.43	0.16
Other Current Liab	0.4	0.07		0.53	0.38	0.31	-0.22	-0.31	0.4	0.51	0.27	0.41	0.33	0.34	0.41	-0.07	0.44	0.07	0.28	0.46	0.39	-0.12	0.53	0.59	0.41	0.55
Total Current Liabilities	0.96	0.2	0.53		0.94	0.89	0.25	-0.77	0.97	0.99	0.78	0.96	0.6	0.89	0.97	0.3	0.98	-0.27	0.79	0.98	0.95	0.32	0.71	0.76	0.89	0.96
Total Stockholder Equity	1.0	0.17	0.38	0.94		0.92	0.16	-0.93	0.97	0.97	0.93	0.94	0.35	0.97	0.99	0.21	0.93	-0.33	0.94	0.91	1.0	0.48	0.58	0.62	0.82	0.91
Property Plant And Equipment Net	0.92	-0.01	0.31	0.89	0.92		0.18	-0.79	0.96	0.91	0.77	0.88	0.53	0.87	0.94	0.11	0.93	-0.46	0.81	0.84	0.91	0.54	0.49	0.53	0.72	0.85
Current Deferred Revenue	0.19	0.4	-0.22	0.25	0.16	0.18		0.02	0.25	0.17	0.02	0.33	0.37	0.09	0.19	0.37	0.33	0.1	-0.02	0.3	0.16	-0.21	0.44	0.44	0.44	0.33
Net Debt	-0.9	-0.09	-0.31	-0.77	-0.93	-0.79	0.02		-0.82	-0.84	-0.99	-0.78	-0.03	-0.95	-0.88	-0.09	-0.77	0.35	-0.99	-0.73	-0.92	-0.52	-0.39	-0.45	-0.61	-0.76
Retained Earnings	0.98	0.18	0.4	0.97	0.97	0.96	0.25	-0.82		0.98	0.83	0.96	0.55	0.93	0.99	0.27	0.98	-0.37	0.84	0.95	0.97	0.45	0.62	0.66	0.85	0.93
Accounts Payable	0.98	0.22	0.51	0.99	0.97	0.91	0.17	-0.84	0.98		0.84	0.96	0.52	0.93	0.99	0.27	0.96	-0.32	0.86	0.96	0.98	0.36	0.65	0.7	0.88	0.94
Cash	0.91	0.17	0.27	0.78	0.93	0.77	0.02	-0.99	0.83	0.84		0.78	0.05	0.97	0.88	0.21	0.77	-0.37	0.98	0.76	0.93	0.51	0.38	0.44	0.63	0.75
Non Current Assets Total	0.95	0.28	0.41	0.96	0.94	0.88	0.33	-0.78	0.96	0.96	0.78		0.47	0.86	0.96	0.27	0.94	-0.15	0.81	0.93	0.93	0.39	0.76	0.78	0.95	0.95
Non Currrent Assets Other	0.41	0.07	0.33	0.6	0.35	0.53	0.37	-0.03	0.55	0.52	0.05	0.47		0.3	0.46	0.38	0.6	-0.35	0.06	0.62	0.38	-0.13	0.46	0.48	0.52	0.5
Cash And Short Term Investments	0.97	0.17	0.34	0.89	0.97	0.87	0.09	-0.95	0.93	0.93	0.97	0.86	0.3		0.95	0.28	0.88	-0.46	0.95	0.88	0.98	0.45	0.46	0.52	0.73	0.84
Net Receivables	1.0	0.19	0.41	0.97	0.99	0.94	0.19	-0.88	0.99	0.99	0.88	0.96	0.46	0.95		0.26	0.96	-0.34	0.89	0.94	0.99	0.47	0.61	0.66	0.85	0.93
Non Current Liabilities Total	0.27	0.67	-0.07	0.3	0.21	0.11	0.37	-0.09	0.27	0.27	0.21	0.27	0.38	0.28	0.26		0.23	-0.24	0.06	0.49	0.27	-0.01	0.32	0.35	0.4	0.23
Inventory	0.95	0.08	0.44	0.98	0.93	0.93	0.33	-0.77	0.98	0.96	0.77	0.94	0.6	0.88	0.96	0.23		-0.3	0.78	0.94	0.94	0.35	0.69	0.73	0.85	0.96
Other Current Assets	-0.32	0.04	0.07	-0.27	-0.33	-0.46	0.1	0.35	-0.37	-0.32	-0.37	-0.15	-0.35	-0.46	-0.34	-0.24	-0.3		-0.32	-0.3	-0.36	-0.18	0.29	0.15	-0.05	-0.12
Other Stockholder Equity	0.92	0.09	0.28	0.79	0.94	0.81	-0.02	-0.99	0.84	0.86	0.98	0.81	0.06	0.95	0.89	0.06	0.78	-0.32		0.74	0.93	0.52	0.4	0.42	0.65	0.76
Total Liab	0.94	0.33	0.46	0.98	0.91	0.84	0.3	-0.73	0.95	0.96	0.76	0.93	0.62	0.88	0.94	0.49	0.94	-0.3	0.74		0.93	0.29	0.71	0.76	0.9	0.93
Total Current Assets	1.0	0.18	0.39	0.95	1.0	0.91	0.16	-0.92	0.97	0.98	0.93	0.93	0.38	0.98	0.99	0.27	0.94	-0.36	0.93	0.93		0.46	0.57	0.62	0.81	0.91
Short Term Debt	0.45	-0.04	-0.12	0.32	0.48	0.54	-0.21	-0.52	0.45	0.36	0.51	0.39	-0.13	0.45	0.47	-0.01	0.35	-0.18	0.52	0.29	0.46		0.03	0.04	0.17	0.3
Intangible Assets	0.62	0.29	0.53	0.71	0.58	0.49	0.44	-0.39	0.62	0.65	0.38	0.76	0.46	0.46	0.61	0.32	0.69	0.29	0.4	0.71	0.57	0.03		0.95	0.83	0.77
Common Stock	0.66	0.32	0.59	0.76	0.62	0.53	0.44	-0.45	0.66	0.7	0.44	0.78	0.48	0.52	0.66	0.35	0.73	0.15	0.42	0.76	0.62	0.04	0.95		0.84	0.83
Good Will	0.85	0.43	0.41	0.89	0.82	0.72	0.44	-0.61	0.85	0.88	0.63	0.95	0.52	0.73	0.85	0.4	0.85	-0.05	0.65	0.9	0.81	0.17	0.83	0.84		0.88
Other Liab	0.93	0.16	0.55	0.96	0.91	0.85	0.33	-0.76	0.93	0.94	0.75	0.95	0.5	0.84	0.93	0.23	0.96	-0.12	0.76	0.93	0.91	0.3	0.77	0.83	0.88

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Beijing Venustech Account Relationship Matchups

Beijing Venustech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.9B	8.4B	8.9B	10.0B	14.9B	15.6B
Other Current Liab	213.7M	1.2B	40.3M	791.9M	719.9M	398.5M
Total Current Liabilities	1.6B	2.3B	2.1B	2.5B	2.6B	2.8B
Total Stockholder Equity	4.4B	6.0B	6.7B	7.4B	12.0B	12.6B
Property Plant And Equipment Net	279.2M	423.1M	621.0M	707.6M	669.7M	703.2M
Net Debt	(779.4M)	(1.4B)	(1.3B)	(1.3B)	(4.7B)	(4.4B)
Retained Earnings	2.4B	3.1B	4.0B	4.6B	5.1B	5.3B
Accounts Payable	724.8M	1.1B	885.5M	1.2B	1.4B	1.5B
Cash	1.6B	1.5B	1.4B	1.3B	5.0B	5.2B
Non Current Assets Total	1.8B	2.0B	2.4B	2.7B	3.1B	3.2B
Non Currrent Assets Other	1.2B	1.8B	1.8B	1.9B	180.5M	171.4M
Cash And Short Term Investments	2.6B	3.0B	2.8B	2.8B	6.1B	6.4B
Net Receivables	2.3B	3.0B	3.3B	4.1B	5.2B	5.5B
Liabilities And Stockholders Equity	6.9B	8.4B	8.9B	10.0B	14.9B	15.6B
Non Current Liabilities Total	908.2M	85.8M	143.9M	136.7M	173.7M	115.9M
Inventory	244.5M	372.3M	474.2M	447.7M	485.2M	509.5M
Other Current Assets	15.2M	18.5M	33.3M	33.7M	25.4M	24.2M
Other Stockholder Equity	772.9M	1.8B	1.7B	1.7B	5.6B	5.8B
Total Liab	2.5B	2.4B	2.2B	2.6B	2.8B	3.0B
Total Current Assets	5.1B	6.4B	6.6B	7.3B	11.8B	12.4B
Intangible Assets	213.3M	219.0M	223.4M	226.4M	265.0M	167.5M
Other Liab	58.2M	85.8M	92.4M	96.9M	111.4M	117.0M
Property Plant Equipment	279.2M	423.1M	621.0M	707.6M	813.7M	854.4M
Short Term Investments	952.7M	1.6B	1.4B	1.5B	1.1B	693.3M
Net Tangible Assets	3.4B	5.1B	5.8B	6.5B	7.4B	3.9B
Deferred Long Term Liab	3.8M	3.8M	16.5M	29.6M	34.1M	35.8M
Net Invested Capital	5.2B	6.0B	6.7B	7.4B	12.0B	6.9B
Net Working Capital	3.5B	4.1B	4.5B	4.9B	9.2B	4.6B

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Other Information on Investing in Beijing Stock

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

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Beijing Net Debt vs Good Will Analysis

Net Debt vs Good Will

Net Debt vs Good Will Correlation Analysis

Correlation Coefficient

Net Debt

Good Will

Beijing Venustech fundamental ratios Correlations

Beijing Venustech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Beijing Venustech fundamental ratios Accounts

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Total Stockholder Equity	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Stockholder Equity
Accounts Payable	+ 0.99	Total Current Liabilities
Net Receivables	+ 0.99	Total Stockholder Equity

Other Stockholder Equity	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Cash And Short Term Investments	- 0.95	Net Debt
Net Debt	- 0.93	Total Stockholder Equity
Total Current Assets	- 0.92	Net Debt
Net Debt	- 0.9	Total Assets