Hubei Research Development vs Selling General Administrative Analysis

002861 Stock   14.54  0.25  1.69%   
Hubei Yingtong financial indicator trend analysis is much more than just examining Hubei Yingtong Telec latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hubei Yingtong Telec is a good investment. Please check the relationship between Hubei Yingtong Research Development and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hubei Yingtong Telecommunication. 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.

Research Development vs Selling General Administrative

Research Development vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hubei Yingtong Telec Research Development account and Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hubei Yingtong's Research Development and Selling General Administrative is 0.75. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Hubei Yingtong Telecommunication, assuming nothing else is changed. The correlation between historical values of Hubei Yingtong's Research Development and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Hubei Yingtong Telecommunication are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Research Development i.e., Hubei Yingtong's Research Development and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Research Development

Selling General Administrative

Most indicators from Hubei Yingtong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hubei Yingtong Telec 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 Hubei Yingtong Telecommunication. 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 6.2 M, whereas Selling General Administrative is forecasted to decline to about 49.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit202.5M127.8M136.8M164.5M
Total Revenue1.0B724.9M754.2M971.5M

Hubei Yingtong fundamental ratios Correlations

0.30.890.920.890.89-0.090.930.490.930.220.840.370.80.640.880.430.930.680.90.870.890.86-0.370.85-0.82
0.30.640.390.120.30.460.520.230.130.030.130.87-0.190.770.61-0.20.180.750.440.070.070.020.23-0.11-0.3
0.890.640.810.740.760.040.980.410.780.230.750.650.60.810.90.330.830.870.850.690.70.68-0.30.64-0.8
0.920.390.810.670.970.170.850.620.730.160.640.530.570.740.960.160.710.770.970.670.720.62-0.350.64-0.67
0.890.120.740.670.69-0.480.780.160.96-0.030.730.070.880.290.630.440.950.370.640.940.980.98-0.330.83-0.88
0.890.30.760.970.690.030.810.630.690.10.580.470.570.650.910.140.690.680.960.620.750.63-0.340.59-0.65
-0.090.460.040.17-0.480.030.020.5-0.320.48-0.020.62-0.510.60.25-0.12-0.310.420.21-0.35-0.47-0.490.38-0.250.43
0.930.520.980.850.780.810.020.470.840.310.840.60.670.790.90.420.880.840.880.740.750.74-0.320.72-0.8
0.490.230.410.620.160.630.50.470.210.620.450.450.140.650.590.390.290.430.730.070.150.130.050.340.06
0.930.130.780.730.960.69-0.320.840.210.140.860.140.90.410.680.520.980.490.680.980.940.97-0.360.91-0.88
0.220.030.230.16-0.030.10.480.310.620.140.620.250.130.490.180.760.240.260.270.01-0.120.050.140.370.19
0.840.130.750.640.730.58-0.020.840.450.860.620.260.790.580.620.80.90.550.670.770.670.78-0.260.9-0.61
0.370.870.650.530.070.470.620.60.450.140.250.26-0.170.90.7-0.150.180.870.590.040.07-0.010.2-0.04-0.21
0.8-0.190.60.570.880.57-0.510.670.140.90.130.79-0.170.150.470.610.90.260.540.880.860.9-0.640.95-0.78
0.640.770.810.740.290.650.60.790.650.410.490.580.90.150.860.190.460.930.80.30.270.240.020.32-0.37
0.880.610.90.960.630.910.250.90.590.680.180.620.70.470.860.120.690.890.960.60.650.56-0.270.54-0.69
0.43-0.20.330.160.440.14-0.120.420.390.520.760.8-0.150.610.190.120.620.040.250.420.320.52-0.120.73-0.17
0.930.180.830.710.950.69-0.310.880.290.980.240.90.180.90.460.690.620.50.710.930.910.96-0.340.92-0.84
0.680.750.870.770.370.680.420.840.430.490.260.550.870.260.930.890.040.50.790.410.380.32-0.210.34-0.57
0.90.440.850.970.640.960.210.880.730.680.270.670.590.540.80.960.250.710.790.590.660.58-0.320.63-0.6
0.870.070.690.670.940.62-0.350.740.070.980.010.770.040.880.30.60.420.930.410.590.940.95-0.370.88-0.87
0.890.070.70.720.980.75-0.470.750.150.94-0.120.670.070.860.270.650.320.910.380.660.940.96-0.360.8-0.88
0.860.020.680.620.980.63-0.490.740.130.970.050.78-0.010.90.240.560.520.960.320.580.950.96-0.30.86-0.85
-0.370.23-0.3-0.35-0.33-0.340.38-0.320.05-0.360.14-0.260.2-0.640.02-0.27-0.12-0.34-0.21-0.32-0.37-0.36-0.3-0.490.51
0.85-0.110.640.640.830.59-0.250.720.340.910.370.9-0.040.950.320.540.730.920.340.630.880.80.86-0.49-0.67
-0.82-0.3-0.8-0.67-0.88-0.650.43-0.80.06-0.880.19-0.61-0.21-0.78-0.37-0.69-0.17-0.84-0.57-0.6-0.87-0.88-0.850.51-0.67
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Hubei Yingtong Account Relationship Matchups

Hubei Yingtong fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B1.8B1.7B1.6B1.6B1.6B
Other Current Liab35.3M25.4M23.2M15.1M75.4K71.6K
Total Current Liabilities276.5M353.3M288.1M254.9M302.7M296.4M
Total Stockholder Equity1.1B1.1B1.0B917.6M844.0M1.0B
Other Liab8.5M10.8M13.5M14.2M16.3M11.4M
Net Tangible Assets876.3M899.3M799.7M744.1M855.7M887.0M
Retained Earnings536.2M557.4M476.0M358.4M219.1M353.5M
Accounts Payable201.5M255.6M193.9M169.0M222.2M202.4M
Cash180.9M419.7M189.4M146.6M149.6M178.1M
Non Current Assets Total577.1M729.6M852.3M892.2M930.1M696.4M
Non Currrent Assets Other18.5M61.3M8.2M9.6M7.9M7.5M
Other Assets41.4M82.7M51.3M48.2M55.4M43.4M
Net Receivables298.1M268.4M236.3M158.4M192.8M190.2M
Non Current Liabilities Total56.5M332.6M347.1M412.4M496.6M521.4M
Inventory188.1M216.0M136.6M104.3M85.3M113.6M
Other Current Assets23.6M23.8M19.3M15.3M12.4M19.4M
Other Stockholder Equity(93.1K)3.5M970.0K1.6M1.8M993.5K
Total Liab333.1M685.9M635.3M667.3M799.2M526.1M
Deferred Long Term Liab10.3M8.2M6.3M3.2M3.6M6.9M
Total Current Assets808.6M1.0B815.1M692.7M713.1M864.0M
Intangible Assets104.4M103.8M160.4M154.3M147.9M120.0M
Property Plant Equipment329.3M441.1M532.6M634.5M729.7M418.7M
Net Invested Capital1.1B1.4B1.4B1.3B1.3B1.4B
Net Working Capital532.1M678.1M527.0M437.8M410.5M436.2M

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Other Information on Investing in Hubei Stock

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