Guangdong Retained Earnings vs Common Stock Analysis

002999 Stock   7.40  0.94  14.55%   
Guangdong Tianhe financial indicator trend analysis is much more than just examining Guangdong Tianhe Agr latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Tianhe Agr is a good investment. Please check the relationship between Guangdong Tianhe Retained Earnings and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Tianhe Agricultural. 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.

Retained Earnings vs Common Stock

Retained Earnings vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangdong Tianhe Agr Retained Earnings account and Common Stock. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Guangdong Tianhe's Retained Earnings and Common Stock is 0.91. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock in the same time period over historical financial statements of Guangdong Tianhe Agricultural, assuming nothing else is changed. The correlation between historical values of Guangdong Tianhe's Retained Earnings and Common Stock 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 Guangdong Tianhe Agricultural are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Retained Earnings i.e., Guangdong Tianhe's Retained Earnings and Common Stock go up and down completely randomly.

Correlation Coefficient

0.91
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.

Common Stock

Most indicators from Guangdong Tianhe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Tianhe Agr 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 Guangdong Tianhe Agricultural. 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 Selling General Administrative is expected to grow to about 560.7 M, whereas Tax Provision is forecasted to decline to about 36.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit996.0M1.0B929.5M874.7M
Total Revenue13.0B14.5B15.5B11.1B

Guangdong Tianhe fundamental ratios Correlations

0.561.00.990.290.980.970.990.840.990.210.750.580.970.960.960.47-0.591.00.68-0.691.0-0.570.790.960.92
0.560.540.540.080.510.60.510.640.570.550.17-0.160.450.620.440.94-0.440.560.3-0.530.56-0.220.470.50.37
1.00.540.990.290.980.970.980.810.990.220.770.60.960.940.960.45-0.561.00.7-0.651.0-0.590.790.950.91
0.990.540.990.270.990.960.990.870.980.190.730.570.990.960.940.47-0.660.990.64-0.711.0-0.540.80.950.92
0.290.080.290.270.360.260.32-0.120.38-0.170.380.550.30.320.25-0.130.140.30.76-0.580.270.34-0.040.430.38
0.980.510.980.990.360.930.990.80.980.220.750.580.980.960.940.42-0.630.980.7-0.720.98-0.490.710.970.89
0.970.60.970.960.260.930.930.80.950.180.720.570.90.930.970.48-0.530.970.62-0.620.98-0.540.790.910.91
0.990.510.980.990.320.990.930.840.990.190.740.580.990.960.920.43-0.620.990.71-0.730.99-0.550.780.970.9
0.840.640.810.87-0.120.80.80.840.810.250.450.220.850.860.730.67-0.820.830.29-0.640.85-0.560.840.770.73
0.990.570.990.980.380.980.950.990.810.210.760.60.960.970.940.45-0.530.990.76-0.740.98-0.550.750.980.92
0.210.550.220.19-0.170.220.180.190.250.210.29-0.250.160.160.150.6-0.130.210.12-0.040.21-0.38-0.090.130.04
0.750.170.770.730.380.750.720.740.450.760.290.850.730.660.760.02-0.20.750.67-0.510.74-0.540.370.720.87
0.58-0.160.60.570.550.580.570.580.220.6-0.250.850.580.510.64-0.35-0.010.590.65-0.460.57-0.30.360.60.81
0.970.450.960.990.30.980.90.990.850.960.160.730.580.940.90.4-0.690.970.65-0.730.97-0.510.770.950.9
0.960.620.940.960.320.960.930.960.860.970.160.660.510.940.90.49-0.630.960.65-0.810.96-0.460.740.980.9
0.960.440.960.940.250.940.970.920.730.940.150.760.640.90.90.32-0.480.960.64-0.530.96-0.60.730.920.89
0.470.940.450.47-0.130.420.480.430.670.450.60.02-0.350.40.490.32-0.550.460.11-0.380.47-0.240.480.370.21
-0.59-0.44-0.56-0.660.14-0.63-0.53-0.62-0.82-0.53-0.13-0.2-0.01-0.69-0.63-0.48-0.55-0.580.030.52-0.610.13-0.58-0.53-0.46
1.00.561.00.990.30.980.970.990.830.990.210.750.590.970.960.960.46-0.580.7-0.681.0-0.570.790.960.92
0.680.30.70.640.760.70.620.710.290.760.120.670.650.650.650.640.110.030.7-0.620.66-0.330.370.770.67
-0.69-0.53-0.65-0.71-0.58-0.72-0.62-0.73-0.64-0.74-0.04-0.51-0.46-0.73-0.81-0.53-0.380.52-0.68-0.62-0.670.05-0.45-0.79-0.74
1.00.561.01.00.270.980.980.990.850.980.210.740.570.970.960.960.47-0.611.00.66-0.67-0.570.80.950.91
-0.57-0.22-0.59-0.540.34-0.49-0.54-0.55-0.56-0.55-0.38-0.54-0.3-0.51-0.46-0.6-0.240.13-0.57-0.330.05-0.57-0.57-0.47-0.5
0.790.470.790.8-0.040.710.790.780.840.75-0.090.370.360.770.740.730.48-0.580.790.37-0.450.8-0.570.680.7
0.960.50.950.950.430.970.910.970.770.980.130.720.60.950.980.920.37-0.530.960.77-0.790.95-0.470.680.9
0.920.370.910.920.380.890.910.90.730.920.040.870.810.90.90.890.21-0.460.920.67-0.740.91-0.50.70.9
Click cells to compare fundamentals

Guangdong Tianhe Account Relationship Matchups

Guangdong Tianhe fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.3B5.1B5.7B6.6B6.9B4.9B
Other Current Liab329.7M560.2M886.1M1.5B91.7M87.2M
Total Current Liabilities2.4B3.5B3.6B4.5B4.7B3.4B
Total Stockholder Equity656.7M1.0B1.1B1.2B1.2B956.4M
Other Liab32.9M30.3M35.6M64.0M73.6M47.1M
Net Tangible Assets423.5M786.5M856.7M938.0M1.1B692.8M
Retained Earnings337.9M361.5M422.3M493.6M459.2M401.1M
Accounts Payable757.6M1.9B2.2B2.4B2.8B1.6B
Cash559.2M1.1B1.2B958.0M724.6M798.6M
Non Current Assets Total506.5M869.7M1.2B1.4B1.5B903.6M
Non Currrent Assets Other1.2M96.0M52.6M140.0M29.9M28.4M
Other Assets33.8M126.8M104.2M217.0M249.5M262.0M
Net Receivables76.4M42.9M63.2M163.6M375.4M394.2M
Non Current Liabilities Total87.0M340.3M751.3M687.7M684.8M382.2M
Inventory1.5B1.6B2.0B2.2B2.5B1.9B
Other Current Assets627.5M1.4B1.3B1.9B109.8M104.3M
Other Stockholder Equity2.1M(2.1M)(1.5M)804.1K723.7K759.9K
Total Liab2.5B3.9B4.4B5.2B5.4B3.7B
Deferred Long Term Liab9.2M8.2M10.5M19.6M22.5M11.3M
Short Long Term Debt1.2B801.6M383.7M410.2M533.0M606.4M
Total Current Assets2.8B4.2B4.6B5.2B5.4B4.0B
Intangible Assets212.1M210.3M201.3M192.8M185.6M182.5M
Property Plant Equipment171.6M418.3M725.1M867.4M997.6M1.0B
Net Invested Capital1.9B1.8B1.5B1.6B1.8B1.9B
Net Working Capital413.9M698.0M943.9M728.9M695.2M685.2M

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Other Information on Investing in Guangdong Stock

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