Sunny Short Term Investments vs Inventory Analysis

0Z4I Stock

63.10 1.25 2.02%

Sunny Optical financial indicator trend analysis is much more than just breaking down Sunny Optical Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sunny Optical Technology is a good investment. Please check the relationship between Sunny Optical Short Term Investments and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sunny Optical Technology. 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.

Short Term Investments vs Inventory

Short Term Investments vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sunny Optical Technology Short Term Investments account and Inventory. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Sunny Optical's Short Term Investments and Inventory is 0.48. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Inventory in the same time period over historical financial statements of Sunny Optical Technology, assuming nothing else is changed. The correlation between historical values of Sunny Optical's Short Term Investments and 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 Short Term Investments of Sunny Optical Technology are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Short Term Investments i.e., Sunny Optical's Short Term Investments and Inventory go up and down completely randomly.

Correlation Coefficient

0.48

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of Sunny Optical balance sheet. It contains any investments Sunny Optical Technology undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Sunny Optical Technology can easily liquidate in the marketplace.

Inventory

Most indicators from Sunny Optical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sunny Optical Technology 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 Sunny Optical Technology. 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.

Selling General Administrative is likely to gain to about 1.1 B in 2024, whereas Tax Provision is likely to drop slightly above 473.3 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	230.3M	292.9M	449.1M	471.6M
Depreciation And Amortization	1.8B	1.9B	2.1B	2.2B

Interest Expense Depreciation And Amortization

Sunny Optical fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Good Will	Short Term Investments	Short Long Term Debt Total	Short Term Debt	Intangible Assets	Retained Earnings
Total Assets		0.98	0.98	0.99	1.0	-0.43	0.94	0.89	0.99	0.62	0.98	0.76	0.51	0.82	0.94	0.92	-0.69	0.99	1.0	0.36	-0.33	0.69	0.94	0.54	0.61	0.91
Other Current Liab	0.98		0.95	0.99	0.98	-0.32	0.86	0.82	0.96	0.48	0.95	0.79	0.46	0.74	0.94	0.9	-0.71	0.95	0.98	0.31	-0.28	0.57	0.94	0.66	0.66	0.95
Total Current Liabilities	0.98	0.95		0.96	0.98	-0.48	0.96	0.9	0.98	0.66	0.97	0.74	0.51	0.76	0.9	0.91	-0.66	0.98	0.98	0.36	-0.33	0.72	0.89	0.58	0.57	0.87
Total Stockholder Equity	0.99	0.99	0.96		0.99	-0.42	0.9	0.88	0.98	0.57	0.98	0.75	0.5	0.77	0.93	0.89	-0.66	0.97	0.99	0.36	-0.34	0.66	0.93	0.59	0.59	0.93
Property Plant And Equipment Net	1.0	0.98	0.98	0.99		-0.43	0.92	0.89	0.99	0.61	0.98	0.74	0.46	0.8	0.92	0.9	-0.66	0.98	0.99	0.32	-0.3	0.68	0.93	0.57	0.59	0.92
Net Debt	-0.43	-0.32	-0.48	-0.42	-0.43		-0.61	-0.78	-0.51	-0.9	-0.56	0.15	-0.04	-0.35	-0.15	-0.13	-0.05	-0.42	-0.4	-0.02	0.04	-0.9	-0.12	0.07	0.27	-0.21
Accounts Payable	0.94	0.86	0.96	0.9	0.92	-0.61		0.93	0.95	0.81	0.93	0.64	0.48	0.84	0.84	0.85	-0.59	0.96	0.93	0.33	-0.31	0.85	0.8	0.34	0.47	0.75
Cash	0.89	0.82	0.9	0.88	0.89	-0.78	0.93		0.93	0.88	0.95	0.42	0.34	0.76	0.7	0.68	-0.44	0.89	0.88	0.23	-0.22	0.93	0.71	0.32	0.28	0.71
Non Current Assets Total	0.99	0.96	0.98	0.98	0.99	-0.51	0.95	0.93		0.7	0.99	0.69	0.45	0.83	0.9	0.88	-0.63	0.99	0.99	0.31	-0.29	0.76	0.9	0.49	0.55	0.88
Non Currrent Assets Other	0.62	0.48	0.66	0.57	0.61	-0.9	0.81	0.88	0.7		0.7	0.11	0.19	0.67	0.41	0.41	-0.18	0.66	0.61	0.12	-0.13	0.99	0.38	-0.1	0.0	0.35
Cash And Short Term Investments	0.98	0.95	0.97	0.98	0.98	-0.56	0.93	0.95	0.99	0.7		0.64	0.43	0.78	0.86	0.83	-0.6	0.96	0.98	0.3	-0.28	0.77	0.88	0.53	0.47	0.88
Net Receivables	0.76	0.79	0.74	0.75	0.74	0.15	0.64	0.42	0.69	0.11	0.64		0.6	0.63	0.88	0.93	-0.77	0.77	0.78	0.45	-0.41	0.17	0.85	0.56	0.87	0.84
Common Stock Shares Outstanding	0.51	0.46	0.51	0.5	0.46	-0.04	0.48	0.34	0.45	0.19	0.43	0.6		0.37	0.56	0.62	-0.19	0.51	0.52	0.97	-0.95	0.23	0.49	0.34	0.42	0.44
Non Current Liabilities Total	0.82	0.74	0.76	0.77	0.8	-0.35	0.84	0.76	0.83	0.67	0.78	0.63	0.37		0.8	0.79	-0.62	0.86	0.82	0.24	-0.22	0.7	0.81	0.04	0.57	0.66
Inventory	0.94	0.94	0.9	0.93	0.92	-0.15	0.84	0.7	0.9	0.41	0.86	0.88	0.56	0.8		0.96	-0.75	0.94	0.95	0.41	-0.38	0.48	0.94	0.53	0.75	0.9
Other Current Assets	0.92	0.9	0.91	0.89	0.9	-0.13	0.85	0.68	0.88	0.41	0.83	0.93	0.62	0.79	0.96		-0.78	0.93	0.93	0.46	-0.42	0.46	0.93	0.53	0.81	0.85
Other Stockholder Equity	-0.69	-0.71	-0.66	-0.66	-0.66	-0.05	-0.59	-0.44	-0.63	-0.18	-0.6	-0.77	-0.19	-0.62	-0.75	-0.78		-0.7	-0.69	0.03	-0.1	-0.23	-0.75	-0.44	-0.73	-0.69
Total Liab	0.99	0.95	0.98	0.97	0.98	-0.42	0.96	0.89	0.99	0.66	0.96	0.77	0.51	0.86	0.94	0.93	-0.7		0.99	0.35	-0.33	0.71	0.93	0.49	0.62	0.88
Total Current Assets	1.0	0.98	0.98	0.99	0.99	-0.4	0.93	0.88	0.99	0.61	0.98	0.78	0.52	0.82	0.95	0.93	-0.69	0.99		0.37	-0.34	0.68	0.94	0.55	0.63	0.91
Common Stock	0.36	0.31	0.36	0.36	0.32	-0.02	0.33	0.23	0.31	0.12	0.3	0.45	0.97	0.24	0.41	0.46	0.03	0.35	0.37		-1.0	0.15	0.34	0.26	0.3	0.31
Good Will	-0.33	-0.28	-0.33	-0.34	-0.3	0.04	-0.31	-0.22	-0.29	-0.13	-0.28	-0.41	-0.95	-0.22	-0.38	-0.42	-0.1	-0.33	-0.34	-1.0		-0.16	-0.31	-0.22	-0.26	-0.28
Short Term Investments	0.69	0.57	0.72	0.66	0.68	-0.9	0.85	0.93	0.76	0.99	0.77	0.17	0.23	0.7	0.48	0.46	-0.23	0.71	0.68	0.15	-0.16		0.46	-0.01	0.04	0.44
Short Long Term Debt Total	0.94	0.94	0.89	0.93	0.93	-0.12	0.8	0.71	0.9	0.38	0.88	0.85	0.49	0.81	0.94	0.93	-0.75	0.93	0.94	0.34	-0.31	0.46		0.6	0.75	0.91
Short Term Debt	0.54	0.66	0.58	0.59	0.57	0.07	0.34	0.32	0.49	-0.1	0.53	0.56	0.34	0.04	0.53	0.53	-0.44	0.49	0.55	0.26	-0.22	-0.01	0.6		0.45	0.66
Intangible Assets	0.61	0.66	0.57	0.59	0.59	0.27	0.47	0.28	0.55	0.0	0.47	0.87	0.42	0.57	0.75	0.81	-0.73	0.62	0.63	0.3	-0.26	0.04	0.75	0.45		0.67
Retained Earnings	0.91	0.95	0.87	0.93	0.92	-0.21	0.75	0.71	0.88	0.35	0.88	0.84	0.44	0.66	0.9	0.85	-0.69	0.88	0.91	0.31	-0.28	0.44	0.91	0.66	0.67

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Sunny Optical Account Relationship Matchups

Sunny Optical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	30.7B	35.4B	38.8B	43.0B	50.3B	52.8B
Other Current Liab	2.1B	3.0B	3.2B	3.7B	3.2B	3.4B
Total Current Liabilities	12.6B	13.4B	11.9B	19.3B	21.3B	22.4B
Total Stockholder Equity	12.6B	16.6B	20.6B	21.8B	22.4B	23.5B
Property Plant And Equipment Net	7.0B	8.0B	8.8B	10.7B	11.4B	12.0B
Net Debt	3.5B	3.3B	603.6M	(595.8M)	(7.3B)	(6.9B)
Accounts Payable	9.2B	7.7B	6.8B	9.2B	17.1B	17.9B
Cash	1.9B	2.8B	5.6B	7.0B	13.1B	13.7B
Non Current Assets Total	7.7B	9.2B	10.0B	11.6B	15.2B	15.9B
Non Currrent Assets Other	(131.2M)	(207.3M)	(255.7M)	(257.2M)	8.7B	9.1B
Cash And Short Term Investments	7.7B	11.6B	15.0B	18.1B	21.5B	22.6B
Net Receivables	9.1B	7.5B	6.6B	6.9B	6.8B	3.7B
Common Stock Shares Outstanding	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B
Liabilities And Stockholders Equity	30.7B	35.4B	38.8B	43.0B	50.3B	52.8B
Non Current Liabilities Total	4.2B	3.9B	4.5B	30M	6.1B	6.4B
Inventory	5.1B	5.8B	5.5B	4.7B	5.1B	5.4B
Other Current Assets	9.6B	8.2B	7.5B	7.8B	8.5B	8.9B
Other Stockholder Equity	859.0K	(58.0M)	(103.6M)	257.4M	255.7M	243.0M
Total Liab	18.0B	18.6B	17.9B	20.8B	27.4B	28.8B
Total Current Assets	22.4B	25.6B	28.0B	30.6B	35.1B	36.9B
Short Term Investments	70.7M	287.7M	1.1B	975.2M	8.4B	8.8B
Short Long Term Debt Total	5.4B	6.1B	6.2B	6.4B	5.8B	6.1B
Accumulated Other Comprehensive Income	(987.0K)	(58.0M)	(103.6M)	(233.9M)	(258.7M)	(271.7M)
Short Term Debt	1.2B	2.1B	1.6B	6.2B	734.9M	1.2B
Intangible Assets	419.2M	363.1M	306.9M	250.7M	194.5M	164.5M
Retained Earnings	12.4B	16.6B	20.6B	22.0B	22.1B	11.2B
Other Assets	516.7M	607.3M	767.6M	782.6M	900.0M	536.0M
Current Deferred Revenue	(1.2B)	(2.1B)	(1.6B)	(6.2B)	(24.3M)	(25.5M)
Property Plant Equipment	7.0B	8.0B	8.8B	10.7B	12.3B	6.8B
Other Liab	1.1B	1.2B	1.4B	1.3B	1.5B	1.1B
Net Tangible Assets	12.1B	16.2B	20.3B	21.6B	24.8B	15.8B

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Sunny Short Term Investments vs Inventory Analysis

Short Term Investments vs Inventory

Short Term Investments vs Inventory Correlation Analysis

Correlation Coefficient

Short Term Investments

Inventory

Sunny Optical fundamental ratios Correlations

Sunny Optical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sunny Optical fundamental ratios Accounts

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Property Plant And Equipment Net	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Other Current Liab

Good Will	- 1.0	Common Stock
Good Will	- 0.95	Common Stock Shares Outstanding
Short Term Investments	- 0.9	Net Debt
Non Currrent Assets Other	- 0.9	Net Debt
Other Stockholder Equity	- 0.78	Other Current Assets
Cash	- 0.78	Net Debt