Hangzhou Retained Earnings vs Total Current Assets Analysis

002801 Stock   25.98  0.35  1.33%   
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 Retained Earnings and its Total Current Assets 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.

Retained Earnings vs Total Current Assets

Retained Earnings vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hangzhou Weiguang Retained Earnings account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Hangzhou Weiguang's Retained Earnings and Total Current Assets is 0.96. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Assets 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 Retained Earnings and Total Current 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 Retained Earnings of Hangzhou Weiguang Electronic are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Retained Earnings i.e., Hangzhou Weiguang's Retained Earnings and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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.
 2021 2022 2023 2024 (projected)
Operating Income239.5M314.0M314.2M167.0M
Total Revenue1.1B1.2B1.3B755.9M

Hangzhou Weiguang fundamental ratios Correlations

0.380.981.00.990.950.560.70.880.790.950.740.980.760.880.930.980.980.79-0.69-0.35-0.74-0.320.870.44-0.29
0.380.30.390.440.21-0.35-0.140.350.590.54-0.060.30.070.150.220.30.44-0.04-0.18-0.08-0.280.530.29-0.560.56
0.980.30.970.950.990.580.680.930.690.920.721.00.740.870.940.960.940.82-0.7-0.28-0.82-0.360.850.51-0.32
1.00.390.970.990.940.560.70.860.80.950.740.970.760.880.930.980.980.78-0.69-0.37-0.72-0.310.870.42-0.28
0.990.440.950.990.920.570.710.830.790.970.750.950.770.880.920.970.960.79-0.72-0.44-0.7-0.30.910.4-0.26
0.950.210.990.940.920.590.670.910.660.880.70.990.740.850.940.950.90.83-0.7-0.28-0.8-0.380.820.56-0.35
0.56-0.350.580.560.570.590.950.380.220.530.940.580.640.830.550.660.550.82-0.68-0.6-0.38-0.90.770.88-0.89
0.7-0.140.680.70.710.670.950.480.370.680.960.690.760.880.660.770.690.86-0.74-0.53-0.51-0.80.860.78-0.78
0.880.350.930.860.830.910.380.480.650.80.540.920.550.760.860.820.880.58-0.63-0.02-0.92-0.270.670.31-0.23
0.790.590.690.80.790.660.220.370.650.760.420.70.40.640.660.730.830.37-0.58-0.4-0.54-0.080.620.01-0.05
0.950.540.920.950.970.880.530.680.80.760.740.920.710.870.840.950.950.77-0.73-0.48-0.71-0.260.930.35-0.23
0.74-0.060.720.740.750.70.940.960.540.420.740.730.740.930.70.810.740.86-0.75-0.6-0.51-0.790.90.76-0.77
0.980.31.00.970.950.990.580.690.920.70.920.730.740.880.940.970.950.82-0.7-0.29-0.81-0.350.860.51-0.32
0.760.070.740.760.770.740.640.760.550.40.710.740.740.680.850.750.660.77-0.54-0.29-0.45-0.360.740.53-0.33
0.880.150.870.880.880.850.830.880.760.640.870.930.880.680.80.920.90.83-0.81-0.53-0.7-0.670.930.64-0.65
0.930.220.940.930.920.940.550.660.860.660.840.70.940.850.80.890.860.75-0.6-0.26-0.72-0.330.770.46-0.3
0.980.30.960.980.970.950.660.770.820.730.950.810.970.750.920.890.960.87-0.74-0.44-0.71-0.410.920.56-0.38
0.980.440.940.980.960.90.550.690.880.830.950.740.950.660.90.860.960.71-0.71-0.35-0.79-0.360.870.36-0.32
0.79-0.040.820.780.790.830.820.860.580.370.770.860.820.770.830.750.870.71-0.71-0.55-0.5-0.560.890.83-0.53
-0.69-0.18-0.7-0.69-0.72-0.7-0.68-0.74-0.63-0.58-0.73-0.75-0.7-0.54-0.81-0.6-0.74-0.71-0.710.50.610.56-0.82-0.550.54
-0.35-0.08-0.28-0.37-0.44-0.28-0.6-0.53-0.02-0.4-0.48-0.6-0.29-0.29-0.53-0.26-0.44-0.35-0.550.5-0.010.43-0.65-0.430.43
-0.74-0.28-0.82-0.72-0.7-0.8-0.38-0.51-0.92-0.54-0.71-0.51-0.81-0.45-0.7-0.72-0.71-0.79-0.50.61-0.010.38-0.62-0.290.34
-0.320.53-0.36-0.31-0.3-0.38-0.9-0.8-0.27-0.08-0.26-0.79-0.35-0.36-0.67-0.33-0.41-0.36-0.560.560.430.38-0.52-0.81.0
0.870.290.850.870.910.820.770.860.670.620.930.90.860.740.930.770.920.870.89-0.82-0.65-0.62-0.520.58-0.49
0.44-0.560.510.420.40.560.880.780.310.010.350.760.510.530.640.460.560.360.83-0.55-0.43-0.29-0.80.58-0.8
-0.290.56-0.32-0.28-0.26-0.35-0.89-0.78-0.23-0.05-0.23-0.77-0.32-0.33-0.65-0.3-0.38-0.32-0.530.540.430.341.0-0.49-0.8
Click cells to compare fundamentals

Hangzhou Weiguang Account Relationship Matchups

Hangzhou Weiguang fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2B1.4B1.6B1.8B1.8B1.1B
Other Current Liab28.4M32.2M51.3M49.7M656.1K623.3K
Total Current Liabilities208.2M206.9M241.9M225.6M295.1M167.8M
Total Stockholder Equity1.0B1.2B1.3B1.5B1.5B936.6M
Retained Earnings671.3M829.4M992.0M1.2B1.0B643.6M
Accounts Payable154.4M144.8M156.4M139.7M219.0M115.1M
Cash83.0M153.7M174.5M288.9M505.0M530.3M
Other Assets4.5M5.8M4.3M20.7M23.8M25.0M
Net Receivables229.6M170.5M233.0M162.5M201.7M158.2M
Short Term Investments563.6M608.6M732.1M691.3M256.3M364.1M
Inventory89.9M117.5M160.8M178.3M140.5M87.2M
Other Current Assets1.3M2.3M3.3M4.8M5.7M6.0M
Total Liab210.3M213.0M247.6M237.3M303.7M172.6M
Intangible Assets39.1M38.2M28.2M70.5M68.9M41.7M
Property Plant Equipment156.6M164.9M158.6M177.9M204.6M138.9M
Net Tangible Assets976.1M1.1B1.3B1.5B1.7B1.0B
Total Current Assets1.0B1.1B1.3B1.4B1.2B1.1B
Non Current Assets Total210.2M269.0M280.5M380.2M611.5M309.0M
Non Currrent Assets Other10M166.1M885.7K13.9M512K486.4K
Non Current Liabilities Total2.1M6.1M5.6M11.8M8.6M7.2M
Deferred Long Term Liab852.0K1.5M1.1M271.1K244.0K231.8K
Other Liab2.1M6.1M5.6M8.2M7.4M5.3M
Net Invested Capital1.0B1.2B1.3B1.5B1.5B1.3B
Net Working Capital811.1M912.8M1.1B1.2B893.2M984.6M

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 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.