Elite Property Plant Equipment vs Total Current Assets Analysis

002998 Stock   7.00  0.11  1.60%   
Elite Color financial indicator trend analysis is much more than just examining Elite Color Environmental latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elite Color Environmental is a good investment. Please check the relationship between Elite Color Property Plant Equipment and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Elite Color Environmental. 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.

Property Plant Equipment vs Total Current Assets

Property Plant Equipment vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elite Color Environmental Property Plant Equipment account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Elite Color's Property Plant Equipment and Total Current Assets is 0.88. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Elite Color Environmental, assuming nothing else is changed. The correlation between historical values of Elite Color's Property Plant Equipment 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 Property Plant Equipment of Elite Color Environmental 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 Property Plant Equipment i.e., Elite Color's Property Plant Equipment and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

Property Plant Equipment

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 Elite Color's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elite Color Environmental 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 Elite Color Environmental. 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, Tax Provision is expected to decline to about 10.6 M. In addition to that, Selling General Administrative is expected to decline to about 21.5 M
 2021 2022 2023 2024 (projected)
Gross Profit203.3M180.7M264.2M213.3M
Total Revenue1.6B2.3B2.4B1.7B

Elite Color fundamental ratios Correlations

-0.030.620.970.890.940.970.810.910.970.23-0.19-0.80.810.960.820.89-0.930.970.970.790.910.960.40.90.99
-0.030.35-0.070.12-0.060.00.01-0.150.11-0.47-0.18-0.16-0.240.1-0.150.06-0.10.11-0.160.37-0.160.110.61-0.13-0.11
0.620.350.50.690.440.60.90.580.68-0.38-0.53-0.610.450.720.50.74-0.630.650.520.760.310.670.570.410.53
0.97-0.070.50.90.990.980.70.850.950.35-0.01-0.860.710.910.780.76-0.950.930.930.750.970.930.30.970.97
0.890.120.690.90.890.950.830.70.940.23-0.06-0.930.580.830.750.74-0.940.950.80.890.830.910.460.840.83
0.94-0.060.440.990.890.970.660.80.930.340.01-0.840.620.870.720.7-0.920.920.890.710.980.920.260.950.94
0.970.00.60.980.950.970.790.810.980.29-0.1-0.890.70.930.820.8-0.970.970.910.830.940.970.380.930.95
0.810.010.90.70.830.660.790.730.83-0.12-0.47-0.680.640.830.70.86-0.750.830.740.780.570.830.410.60.74
0.91-0.150.580.850.70.80.810.730.790.09-0.19-0.590.780.880.610.88-0.750.80.970.580.760.80.20.780.92
0.970.110.680.950.940.930.980.830.790.19-0.24-0.870.730.950.850.85-0.960.980.880.860.890.990.510.890.94
0.23-0.47-0.380.350.230.340.29-0.120.090.190.68-0.310.370.040.45-0.04-0.340.230.260.160.470.12-0.110.460.28
-0.19-0.18-0.53-0.01-0.060.01-0.1-0.47-0.19-0.240.68-0.11-0.27-0.34-0.23-0.490.01-0.18-0.13-0.120.07-0.32-0.380.13-0.16
-0.8-0.16-0.61-0.86-0.93-0.84-0.89-0.68-0.59-0.87-0.31-0.11-0.49-0.73-0.7-0.570.94-0.84-0.68-0.83-0.79-0.82-0.52-0.87-0.75
0.81-0.240.450.710.580.620.70.640.780.730.37-0.27-0.490.760.880.85-0.70.740.830.580.670.720.440.670.83
0.960.10.720.910.830.870.930.830.880.950.04-0.34-0.730.760.770.9-0.890.920.910.820.820.950.410.830.94
0.82-0.150.50.780.750.720.820.70.610.850.45-0.23-0.70.880.770.75-0.840.820.730.740.760.830.530.760.81
0.890.060.740.760.740.70.80.860.880.85-0.04-0.49-0.570.850.90.75-0.750.870.890.720.660.870.520.630.87
-0.93-0.1-0.63-0.95-0.94-0.92-0.97-0.75-0.75-0.96-0.340.010.94-0.7-0.89-0.84-0.75-0.94-0.84-0.89-0.89-0.93-0.51-0.94-0.9
0.970.110.650.930.950.920.970.830.80.980.23-0.18-0.840.740.920.820.87-0.940.90.870.880.970.490.840.93
0.97-0.160.520.930.80.890.910.740.970.880.26-0.13-0.680.830.910.730.89-0.840.90.660.880.880.260.860.98
0.790.370.760.750.890.710.830.780.580.860.16-0.12-0.830.580.820.740.72-0.890.870.660.640.820.580.690.71
0.91-0.160.310.970.830.980.940.570.760.890.470.07-0.790.670.820.760.66-0.890.880.880.640.880.220.950.93
0.960.110.670.930.910.920.970.830.80.990.12-0.32-0.820.720.950.830.87-0.930.970.880.820.880.510.850.94
0.40.610.570.30.460.260.380.410.20.51-0.11-0.38-0.520.440.410.530.52-0.510.490.260.580.220.510.260.34
0.9-0.130.410.970.840.950.930.60.780.890.460.13-0.870.670.830.760.63-0.940.840.860.690.950.850.260.92
0.99-0.110.530.970.830.940.950.740.920.940.28-0.16-0.750.830.940.810.87-0.90.930.980.710.930.940.340.92
Click cells to compare fundamentals

Elite Color Account Relationship Matchups

Elite Color fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B1.6B1.8B2.6B2.5B1.8B
Other Current Liab16.2M24.1M39.1M20.4M885.5K841.3K
Total Current Liabilities480.6M229.6M366.7M435.1M215.8M348.2M
Total Stockholder Equity836.4M1.4B1.5B1.6B1.7B1.2B
Other Liab6.8M10.1M11.8M10.0M11.4M8.2M
Net Tangible Assets638.7M728.7M1.3B1.4B1.6B922.2M
Retained Earnings364.1M499.2M567.4M594.1M673.0M449.0M
Accounts Payable205.6M112.0M147.3M182.6M153.9M152.5M
Cash260.1M300.3M311.6M899.3M482.8M355.2M
Non Current Assets Total800.9M861.6M1.1B1.1B1.3B944.4M
Non Currrent Assets Other1.6M99.2M17.8M19.3M96.4M101.3M
Other Assets8.5M7.7M107.8M25.4M29.2M47.6M
Net Receivables128.1M68.0M91.2M119.8M118.1M100.3M
Non Current Liabilities Total80.1M11.8M10.0M517.5M543.1M570.3M
Inventory161.8M130.0M263.2M324.7M258.1M204.3M
Other Current Assets46.3M33.5M57.9M57.5M121.5M127.6M
Total Liab560.7M241.4M376.7M952.6M758.9M533.1M
Deferred Long Term Liab252.4K293.2K80.3K73.9K66.5K63.2K
Short Long Term Debt131M136.2M150.2M192.1M220.9M136.3M
Total Current Assets596.2M782.9M723.8M1.4B1.2B823.4M
Intangible Assets107.6M105.2M114.7M111.9M109.2M114.8M
Property Plant Equipment685.5M648.6M984.8M997.2M1.1B723.0M
Net Invested Capital1.0B1.4B1.6B2.3B2.2B1.6B
Net Working Capital115.6M553.3M357.1M1.0B991.3M514.1M

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Other Information on Investing in Elite Stock

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