Hangzhou Net Income vs Change To Inventory Analysis

002801 Stock

22.93 0.92 3.86%

Hangzhou Weiguang financial indicator trend analysis is much more than just examining Hangzhou Weiguang latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hangzhou Weiguang is a good investment. Please check the relationship between Hangzhou Weiguang Net Income and its Change To Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hangzhou Weiguang Electronic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Income vs Change To Inventory

Net Income vs Change To Inventory Correlation Analysis

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

The correlation between Hangzhou Weiguang's Net Income and Change To Inventory is -0.57. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Hangzhou Weiguang Electronic, assuming nothing else is changed. The correlation between historical values of Hangzhou Weiguang's Net Income and Change To Inventory 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 Income of Hangzhou Weiguang Electronic are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Net Income i.e., Hangzhou Weiguang's Net Income and Change To Inventory go up and down completely randomly.

Correlation Coefficient

-0.57

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Income

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

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Most indicators from Hangzhou Weiguang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hangzhou Weiguang 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 Hangzhou Weiguang Electronic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

The current year's Tax Provision is expected to grow to about 27.5 M, whereas Selling General Administrative is forecasted to decline to about 23.5 M.

	2022	2023	2024	2025 (projected)
Operating Income	314.0M	314.2M	361.3M	379.4M
Total Revenue	1.2B	1.3B	1.5B	755.9M

Operating Income Total Revenue

Hangzhou Weiguang fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Deferred Long Term Liab	Other Liab	Common Stock Shares Outstanding	Net Invested Capital	Treasury Stock	Non Current Liabilities Other
Total Assets		0.15	0.88	1.0	0.99	0.86	0.64	0.76	0.89	0.7	0.95	0.76	0.89	0.82	0.9	0.94	0.99	0.97	0.7	-0.73	-0.42	-0.7	-0.3	0.9	0.45	-0.26
Other Current Liab	0.15		-0.11	0.16	0.22	-0.2	-0.48	-0.26	0.18	0.55	0.33	-0.26	-0.1	-0.14	0.03	0.1	0.14	0.26	-0.4	-0.04	0.02	-0.23	0.47	0.03	-0.49	0.48
Total Current Liabilities	0.88	-0.11		0.88	0.86	0.99	0.84	0.88	0.85	0.55	0.83	0.9	1.0	0.73	0.97	0.85	0.9	0.9	0.9	-0.8	-0.45	-0.78	-0.67	0.88	0.63	-0.64
Total Stockholder Equity	1.0	0.16	0.88		0.99	0.85	0.64	0.76	0.88	0.72	0.96	0.76	0.88	0.81	0.9	0.94	0.99	0.97	0.7	-0.73	-0.44	-0.69	-0.29	0.9	0.44	-0.26
Retained Earnings	0.99	0.22	0.86	0.99		0.83	0.63	0.76	0.86	0.72	0.98	0.77	0.87	0.82	0.9	0.93	0.98	0.97	0.69	-0.75	-0.5	-0.68	-0.28	0.92	0.41	-0.25
Accounts Payable	0.86	-0.2	0.99	0.85	0.83		0.86	0.88	0.82	0.51	0.79	0.9	0.99	0.73	0.94	0.83	0.87	0.86	0.91	-0.8	-0.45	-0.75	-0.7	0.85	0.66	-0.67
Cash	0.64	-0.48	0.84	0.64	0.63	0.86		0.94	0.48	0.18	0.59	0.96	0.84	0.71	0.83	0.58	0.69	0.61	0.99	-0.71	-0.62	-0.38	-0.79	0.82	0.77	-0.78
Other Assets	0.76	-0.26	0.88	0.76	0.76	0.88	0.94		0.57	0.34	0.74	0.97	0.88	0.81	0.89	0.69	0.8	0.75	0.96	-0.77	-0.57	-0.5	-0.71	0.89	0.68	-0.68
Net Receivables	0.89	0.18	0.85	0.88	0.86	0.82	0.48	0.57		0.61	0.83	0.59	0.84	0.63	0.79	0.89	0.86	0.89	0.57	-0.67	-0.11	-0.89	-0.27	0.72	0.37	-0.23
Short Term Investments	0.7	0.55	0.55	0.72	0.72	0.51	0.18	0.34	0.61		0.7	0.35	0.56	0.34	0.62	0.64	0.69	0.78	0.26	-0.54	-0.38	-0.54	-0.09	0.52	0.04	-0.07
Inventory	0.95	0.33	0.83	0.96	0.98	0.79	0.59	0.74	0.83	0.7		0.75	0.84	0.76	0.89	0.86	0.96	0.95	0.66	-0.77	-0.52	-0.69	-0.25	0.93	0.37	-0.22
Other Current Assets	0.76	-0.26	0.9	0.76	0.77	0.9	0.96	0.97	0.59	0.35	0.75		0.91	0.78	0.92	0.7	0.81	0.75	0.97	-0.78	-0.63	-0.49	-0.74	0.9	0.71	-0.72
Total Liab	0.89	-0.1	1.0	0.88	0.87	0.99	0.84	0.88	0.84	0.56	0.84	0.91		0.74	0.97	0.85	0.91	0.9	0.9	-0.8	-0.45	-0.78	-0.66	0.88	0.62	-0.63
Intangible Assets	0.82	-0.14	0.73	0.81	0.82	0.73	0.71	0.81	0.63	0.34	0.76	0.78	0.74		0.72	0.86	0.8	0.72	0.72	-0.61	-0.38	-0.43	-0.32	0.82	0.52	-0.29
Common Stock	0.9	0.03	0.97	0.9	0.9	0.94	0.83	0.89	0.79	0.62	0.89	0.92	0.97	0.72		0.81	0.93	0.92	0.88	-0.82	-0.57	-0.69	-0.62	0.92	0.58	-0.59
Property Plant Equipment	0.94	0.1	0.85	0.94	0.93	0.83	0.58	0.69	0.89	0.64	0.86	0.7	0.85	0.86	0.81		0.9	0.89	0.63	-0.64	-0.31	-0.71	-0.29	0.8	0.42	-0.26
Net Tangible Assets	0.99	0.14	0.9	0.99	0.98	0.87	0.69	0.8	0.86	0.69	0.96	0.81	0.91	0.8	0.93	0.9		0.98	0.76	-0.77	-0.49	-0.69	-0.36	0.94	0.49	-0.32
Total Current Assets	0.97	0.26	0.9	0.97	0.97	0.86	0.61	0.75	0.89	0.78	0.95	0.75	0.9	0.72	0.92	0.89	0.98		0.68	-0.74	-0.41	-0.78	-0.36	0.87	0.41	-0.32
Non Current Assets Total	0.7	-0.4	0.9	0.7	0.69	0.91	0.99	0.96	0.57	0.26	0.66	0.97	0.9	0.72	0.88	0.63	0.76	0.68		-0.77	-0.61	-0.5	-0.79	0.86	0.77	-0.77
Non Currrent Assets Other	-0.73	-0.04	-0.8	-0.73	-0.75	-0.8	-0.71	-0.77	-0.67	-0.54	-0.77	-0.78	-0.8	-0.61	-0.82	-0.64	-0.77	-0.74	-0.77		0.54	0.6	0.5	-0.83	-0.48	0.47
Deferred Long Term Liab	-0.42	0.02	-0.45	-0.44	-0.5	-0.45	-0.62	-0.57	-0.11	-0.38	-0.52	-0.63	-0.45	-0.38	-0.57	-0.31	-0.49	-0.41	-0.61	0.54		0.02	0.39	-0.67	-0.39	0.39
Other Liab	-0.7	-0.23	-0.78	-0.69	-0.68	-0.75	-0.38	-0.5	-0.89	-0.54	-0.69	-0.49	-0.78	-0.43	-0.69	-0.71	-0.69	-0.78	-0.5	0.6	0.02		0.37	-0.58	-0.27	0.33
Common Stock Shares Outstanding	-0.3	0.47	-0.67	-0.29	-0.28	-0.7	-0.79	-0.71	-0.27	-0.09	-0.25	-0.74	-0.66	-0.32	-0.62	-0.29	-0.36	-0.36	-0.79	0.5	0.39	0.37		-0.47	-0.8	1.0
Net Invested Capital	0.9	0.03	0.88	0.9	0.92	0.85	0.82	0.89	0.72	0.52	0.93	0.9	0.88	0.82	0.92	0.8	0.94	0.87	0.86	-0.83	-0.67	-0.58	-0.47		0.61	-0.44
Treasury Stock	0.45	-0.49	0.63	0.44	0.41	0.66	0.77	0.68	0.37	0.04	0.37	0.71	0.62	0.52	0.58	0.42	0.49	0.41	0.77	-0.48	-0.39	-0.27	-0.8	0.61		-0.8
Non Current Liabilities Other	-0.26	0.48	-0.64	-0.26	-0.25	-0.67	-0.78	-0.68	-0.23	-0.07	-0.22	-0.72	-0.63	-0.29	-0.59	-0.26	-0.32	-0.32	-0.77	0.47	0.39	0.33	1.0	-0.44	-0.8

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Hangzhou Weiguang Account Relationship Matchups

Hangzhou Weiguang fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.4B	1.6B	1.8B	1.8B	2.1B	1.1B
Other Current Liab	32.2M	51.3M	49.7M	656.1K	754.5K	716.8K
Total Current Liabilities	206.9M	241.9M	225.6M	295.1M	339.3M	356.3M
Total Stockholder Equity	1.2B	1.3B	1.5B	1.5B	1.7B	936.6M
Retained Earnings	829.4M	992.0M	1.2B	1.0B	1.2B	643.6M
Accounts Payable	144.8M	156.4M	139.7M	219.0M	251.9M	264.5M
Cash	153.7M	174.5M	288.9M	505.0M	580.8M	609.8M
Other Assets	4.5M	5.8M	4.3M	20.7M	23.8M	25.0M
Net Receivables	170.5M	233.0M	162.5M	201.7M	232.0M	158.2M
Short Term Investments	608.6M	732.1M	691.3M	256.3M	294.8M	364.1M
Inventory	117.5M	160.8M	178.3M	140.5M	161.6M	87.2M
Other Current Assets	2.3M	3.3M	4.8M	5.7M	6.6M	6.9M
Total Liab	213.0M	247.6M	237.3M	303.7M	349.2M	366.7M
Intangible Assets	38.2M	28.2M	70.5M	68.9M	79.2M	41.7M
Property Plant Equipment	156.6M	164.9M	158.6M	177.9M	204.6M	138.9M
Net Tangible Assets	976.1M	1.1B	1.3B	1.5B	1.7B	1.0B
Total Current Assets	1.1B	1.3B	1.4B	1.2B	1.4B	1.1B
Non Current Assets Total	269.0M	280.5M	380.2M	611.5M	703.2M	738.4M
Non Currrent Assets Other	166.1M	885.7K	13.9M	512K	460.8K	437.8K
Non Current Liabilities Total	6.1M	5.6M	11.8M	8.6M	9.9M	7.2M
Other Liab	2.1M	6.1M	5.6M	8.2M	7.4M	5.3M
Net Invested Capital	1.2B	1.3B	1.5B	1.5B	1.7B	1.3B
Net Working Capital	912.8M	1.1B	1.2B	893.2M	1.0B	984.6M
Property Plant And Equipment Net	164.9M	158.6M	177.9M	379.6M	436.6M	228.3M
Property Plant And Equipment Gross	267.5M	260.9M	177.9M	525.6M	604.4M	325.0M

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Other Information on Investing in Hangzhou Stock

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

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Hangzhou Net Income vs Change To Inventory Analysis

Net Income vs Change To Inventory

Net Income vs Change To Inventory Correlation Analysis

Correlation Coefficient

Net Income

Change To Inventory

Hangzhou Weiguang fundamental ratios Correlations

Hangzhou Weiguang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hangzhou Weiguang fundamental ratios Accounts

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Other Information on Investing in Hangzhou Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Non Current Liabilities Other	+ 1.0	Common Stock Shares Outstanding
Retained Earnings	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities

Other Liab	- 0.89	Net Receivables
Net Invested Capital	- 0.83	Non Currrent Assets Other
Non Currrent Assets Other	- 0.82	Common Stock
Non Current Liabilities Other	- 0.8	Treasury Stock
Treasury Stock	- 0.8	Common Stock Shares Outstanding
Non Currrent Assets Other	- 0.8	Total Liab