Shandong Inventory vs Intangible Assets Analysis

002595 Stock   43.87  0.03  0.07%   
Shandong Himile financial indicator trend analysis is much more than just breaking down Shandong Himile Mech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Himile Mech is a good investment. Please check the relationship between Shandong Himile Inventory and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Himile Mechanical. 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 Intangible Assets

Inventory vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Himile Mech Inventory account and Intangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shandong Himile's Inventory and Intangible Assets is 0.77. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Shandong Himile Mechanical, assuming nothing else is changed. The correlation between historical values of Shandong Himile's Inventory and Intangible Assets 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 Shandong Himile Mechanical are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Inventory i.e., Shandong Himile's Inventory and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Inventory

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Shandong Himile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Himile Mech 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 Shandong Himile Mechanical. 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.
As of December 12, 2024, Selling General Administrative is expected to decline to about 107.3 M. In addition to that, Tax Provision is expected to decline to about 162.8 M
 2021 2022 2023 2024 (projected)
Operating Income1.2B1.3B1.8B1.9B
Total Revenue6.0B6.6B7.2B7.5B

Shandong Himile fundamental ratios Correlations

-0.370.730.990.990.850.430.070.70.80.980.730.770.790.70.830.98-0.630.840.890.890.810.910.92-0.790.89
-0.370.05-0.42-0.43-0.2-0.560.05-0.48-0.03-0.42-0.580.01-0.03-0.07-0.06-0.410.47-0.35-0.39-0.45-0.3-0.41-0.380.23-0.44
0.730.050.660.680.890.010.180.380.890.650.241.00.840.760.880.71-0.10.710.740.550.770.740.77-0.70.67
0.99-0.420.660.990.810.470.050.710.750.980.770.70.760.670.790.98-0.660.820.880.90.780.90.9-0.770.89
0.99-0.430.680.990.820.420.050.740.760.990.760.710.780.670.790.99-0.670.830.90.910.80.910.92-0.780.9
0.85-0.20.890.810.820.110.050.580.920.830.470.920.910.790.950.85-0.150.790.930.760.820.90.88-0.840.86
0.43-0.560.010.470.420.11-0.260.40.050.410.660.04-0.1-0.120.070.4-0.630.240.310.40.250.40.38-0.180.44
0.070.050.180.050.050.05-0.26-0.350.14-0.02-0.260.150.290.50.19-0.040.040.24-0.1-0.240.04-0.15-0.010.33-0.19
0.7-0.480.380.710.740.580.4-0.350.540.810.750.440.470.230.420.78-0.540.460.730.770.470.770.74-0.640.8
0.8-0.030.890.750.760.920.050.140.540.780.310.910.90.830.930.79-0.120.750.840.630.80.80.77-0.80.74
0.98-0.420.650.980.990.830.41-0.020.810.780.790.70.770.630.780.98-0.620.790.910.910.770.920.92-0.790.91
0.73-0.580.240.770.760.470.66-0.260.750.310.790.290.310.170.370.73-0.740.480.640.750.470.720.69-0.50.76
0.770.011.00.70.710.920.040.150.440.910.70.290.860.770.90.74-0.130.720.790.60.790.790.81-0.730.73
0.79-0.030.840.760.780.91-0.10.290.470.90.770.310.860.910.940.78-0.160.720.820.640.750.780.77-0.690.74
0.7-0.070.760.670.670.79-0.120.50.230.830.630.170.770.910.890.64-0.10.690.680.470.70.630.59-0.590.57
0.83-0.060.880.790.790.950.070.190.420.930.780.370.90.940.890.8-0.130.770.880.680.810.840.8-0.760.8
0.98-0.410.710.980.990.850.4-0.040.780.790.980.730.740.780.640.8-0.610.80.930.950.780.930.95-0.830.92
-0.630.47-0.1-0.66-0.67-0.15-0.630.04-0.54-0.12-0.62-0.74-0.13-0.16-0.1-0.13-0.61-0.45-0.35-0.58-0.37-0.44-0.470.3-0.47
0.84-0.350.710.820.830.790.240.240.460.750.790.480.720.720.690.770.8-0.450.770.680.830.740.76-0.710.69
0.89-0.390.740.880.90.930.31-0.10.730.840.910.640.790.820.680.880.93-0.350.770.890.820.980.93-0.840.97
0.89-0.450.550.90.910.760.4-0.240.770.630.910.750.60.640.470.680.95-0.580.680.890.660.890.9-0.810.89
0.81-0.30.770.780.80.820.250.040.470.80.770.470.790.750.70.810.78-0.370.830.820.660.820.75-0.80.76
0.91-0.410.740.90.910.90.4-0.150.770.80.920.720.790.780.630.840.93-0.440.740.980.890.820.93-0.830.99
0.92-0.380.770.90.920.880.38-0.010.740.770.920.690.810.770.590.80.95-0.470.760.930.90.750.93-0.740.91
-0.790.23-0.7-0.77-0.78-0.84-0.180.33-0.64-0.8-0.79-0.5-0.73-0.69-0.59-0.76-0.830.3-0.71-0.84-0.81-0.8-0.83-0.74-0.78
0.89-0.440.670.890.90.860.44-0.190.80.740.910.760.730.740.570.80.92-0.470.690.970.890.760.990.91-0.78
Click cells to compare fundamentals

Shandong Himile Account Relationship Matchups

Shandong Himile fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.8B7.0B7.6B8.6B9.9B10.4B
Other Current Liab191.3M104.2M104.6M4.9M10.9M10.3M
Total Current Liabilities1.7B1.1B1.0B1.1B1.1B689.6M
Total Stockholder Equity5.0B5.8B6.5B7.3B8.6B9.0B
Retained Earnings3.6B4.3B5.1B5.6B6.9B7.3B
Accounts Payable300.7M283.8M298.9M370.4M318.7M173.6M
Cash481.0M293.5M410.5M621.8M1.1B1.1B
Other Assets482.9M74.2M63.1M54.9M63.1M122.4M
Long Term Debt71.3K18.1M2.3M41.8M37.6M39.5M
Net Receivables2.5B1.6B2.8B2.1B2.1B1.3B
Inventory863.4M943.3M1.5B1.6B1.7B1.8B
Other Current Assets60.4M127.0M154.9M486.5M549.2M576.7M
Total Liab1.8B1.2B1.1B1.2B1.3B755.3M
Intangible Assets303.6M295.8M350.4M358.0M374.2M200.8M
Property Plant Equipment1.6B2.0B2.0B2.0B2.3B1.2B
Other Liab52.5M78.1M100.8M121.6M139.8M146.8M
Net Tangible Assets4.1B4.6B5.5B6.2B7.1B4.7B
Other Stockholder Equity6.9M50.3M161.8M143.5M165.0M173.2M
Total Current Assets4.1B4.2B4.8B5.6B6.9B4.2B
Non Current Assets Total2.7B2.8B2.9B3.0B3.0B2.9B
Non Currrent Assets Other53.4M41.4M26.9M40.2M80.4M120.9M
Non Current Liabilities Total96.2M103.0M127.3M157.2M217.9M112.2M
Non Current Liabilities Other32.4M41.8M49.4M62.3M76.1M41.8M
Net Invested Capital5.9B6.1B6.7B7.5B8.7B6.9B
Short Long Term Debt975.0M370.1M225.1M129.8M116.8M110.9M
Net Working Capital2.4B3.1B3.8B4.5B5.8B3.6B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Shandong Stock

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