Zhonghang Gross Profit vs Research Development Analysis

300114 Stock

68.53 0.57 0.84%

Zhonghang Electronic financial indicator trend analysis is more than just analyzing Zhonghang Electronic current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhonghang Electronic is a good investment. Please check the relationship between Zhonghang Electronic Gross Profit and its Research Development accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhonghang Electronic Measuring. 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.

Gross Profit vs Research Development

Gross Profit vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhonghang Electronic Gross Profit account and Research Development. At this time, the significance of the direction appears to have strong relationship.

The correlation between Zhonghang Electronic's Gross Profit and Research Development is 0.69. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Research Development in the same time period over historical financial statements of Zhonghang Electronic Measuring, assuming nothing else is changed. The correlation between historical values of Zhonghang Electronic's Gross Profit and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Zhonghang Electronic Measuring are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Gross Profit i.e., Zhonghang Electronic's Gross Profit and Research Development go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Zhonghang Electronic Measuring minus its cost of goods sold. It is profit before Zhonghang Electronic operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Research Development

Most indicators from Zhonghang Electronic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhonghang Electronic 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 Zhonghang Electronic Measuring. 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 Selling General Administrative is expected to grow to about 142.9 M, whereas Tax Provision is projected to grow to (5.1 M).

	2022	2023	2024	2025 (projected)
Operating Income	209.3M	78.8M	90.7M	135.3M
Total Revenue	1.9B	1.7B	1.9B	1.1B

Operating Income Total Revenue

Zhonghang Electronic fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		0.18	0.98	1.0	-0.58	0.96	0.98	0.46	0.93	0.98	0.98	-0.02	0.99	0.95	0.88	0.97	0.8	-0.63	0.88	0.92	0.63	0.77	0.9	0.82	0.2	0.8
Other Current Liab	0.18		0.24	0.22	0.23	0.34	0.13	0.71	0.04	0.18	0.3	0.06	0.09	0.14	0.47	0.24	-0.3	0.11	0.13	0.11	0.31	0.26	0.13	-0.23	0.42	-0.3
Total Current Liabilities	0.98	0.24		0.97	-0.62	0.98	0.99	0.45	0.93	0.98	0.99	-0.09	0.98	0.94	0.9	0.94	0.73	-0.57	0.92	0.96	0.65	0.81	0.93	0.82	0.25	0.73
Total Stockholder Equity	1.0	0.22	0.97		-0.54	0.96	0.97	0.51	0.91	0.98	0.98	0.0	0.97	0.94	0.9	0.97	0.75	-0.6	0.87	0.91	0.64	0.77	0.88	0.79	0.21	0.76
Other Liab	-0.58	0.23	-0.62	-0.54		-0.55	-0.65	0.11	-0.71	-0.63	-0.58	0.35	-0.64	-0.69	-0.36	-0.53	-0.56	0.25	-0.73	-0.66	-0.27	-0.43	-0.73	-0.81	-0.03	-0.56
Retained Earnings	0.96	0.34	0.98	0.96	-0.55		0.96	0.52	0.89	0.97	0.98	-0.06	0.94	0.92	0.93	0.93	0.65	-0.51	0.91	0.94	0.69	0.85	0.91	0.76	0.3	0.65
Accounts Payable	0.98	0.13	0.99	0.97	-0.65	0.96		0.37	0.95	0.97	0.98	-0.05	0.99	0.95	0.85	0.93	0.78	-0.6	0.92	0.98	0.61	0.81	0.93	0.85	0.25	0.78
Cash	0.46	0.71	0.45	0.51	0.11	0.52	0.37		0.24	0.38	0.48	0.24	0.37	0.33	0.67	0.43	0.1	-0.06	0.4	0.32	0.45	0.5	0.42	0.16	0.48	0.1
Other Assets	0.93	0.04	0.93	0.91	-0.71	0.89	0.95	0.24		0.92	0.92	-0.1	0.93	0.9	0.75	0.9	0.76	-0.59	0.89	0.95	0.52	0.73	0.9	0.85	0.2	0.77
Net Receivables	0.98	0.18	0.98	0.98	-0.63	0.97	0.97	0.38	0.92		0.97	-0.1	0.96	0.94	0.88	0.97	0.74	-0.58	0.89	0.92	0.68	0.78	0.89	0.82	0.1	0.74
Inventory	0.98	0.3	0.99	0.98	-0.58	0.98	0.98	0.48	0.92	0.97		0.0	0.96	0.95	0.88	0.96	0.69	-0.54	0.9	0.94	0.62	0.8	0.91	0.78	0.29	0.69
Other Current Assets	-0.02	0.06	-0.09	0.0	0.35	-0.06	-0.05	0.24	-0.1	-0.1	0.0		-0.05	-0.06	-0.13	-0.08	0.06	-0.07	-0.08	-0.03	-0.17	0.0	-0.05	-0.07	0.2	0.06
Total Liab	0.99	0.09	0.98	0.97	-0.64	0.94	0.99	0.37	0.93	0.96	0.96	-0.05		0.93	0.84	0.93	0.85	-0.67	0.89	0.94	0.61	0.76	0.91	0.86	0.17	0.86
Intangible Assets	0.95	0.14	0.94	0.94	-0.69	0.92	0.95	0.33	0.9	0.94	0.95	-0.06	0.93		0.76	0.91	0.73	-0.57	0.86	0.91	0.46	0.68	0.87	0.81	0.26	0.73
Common Stock	0.88	0.47	0.9	0.9	-0.36	0.93	0.85	0.67	0.75	0.88	0.88	-0.13	0.84	0.76		0.87	0.54	-0.43	0.8	0.79	0.84	0.85	0.8	0.61	0.26	0.54
Property Plant Equipment	0.97	0.24	0.94	0.97	-0.53	0.93	0.93	0.43	0.9	0.97	0.96	-0.08	0.93	0.91	0.87		0.71	-0.58	0.82	0.85	0.63	0.72	0.82	0.76	0.08	0.72
Long Term Debt	0.8	-0.3	0.73	0.75	-0.56	0.65	0.78	0.1	0.76	0.74	0.69	0.06	0.85	0.73	0.54	0.71		-0.79	0.64	0.71	0.38	0.46	0.68	0.79	-0.05	1.0
Good Will	-0.63	0.11	-0.57	-0.6	0.25	-0.51	-0.6	-0.06	-0.59	-0.58	-0.54	-0.07	-0.67	-0.57	-0.43	-0.58	-0.79		-0.34	-0.52	-0.24	-0.21	-0.38	-0.39	0.04	-0.79
Net Tangible Assets	0.88	0.13	0.92	0.87	-0.73	0.91	0.92	0.4	0.89	0.89	0.9	-0.08	0.89	0.86	0.8	0.82	0.64	-0.34		0.94	0.64	0.9	0.99	0.91	0.29	0.64
Other Stockholder Equity	0.92	0.11	0.96	0.91	-0.66	0.94	0.98	0.32	0.95	0.92	0.94	-0.03	0.94	0.91	0.79	0.85	0.71	-0.52	0.94		0.57	0.83	0.94	0.84	0.32	0.72
Deferred Long Term Liab	0.63	0.31	0.65	0.64	-0.27	0.69	0.61	0.45	0.52	0.68	0.62	-0.17	0.61	0.46	0.84	0.63	0.38	-0.24	0.64	0.57		0.79	0.62	0.49	-0.07	0.38
Long Term Investments	0.77	0.26	0.81	0.77	-0.43	0.85	0.81	0.5	0.73	0.78	0.8	0.0	0.76	0.68	0.85	0.72	0.46	-0.21	0.9	0.83	0.79		0.88	0.74	0.33	0.47
Total Current Assets	0.9	0.13	0.93	0.88	-0.73	0.91	0.93	0.42	0.9	0.89	0.91	-0.05	0.91	0.87	0.8	0.82	0.68	-0.38	0.99	0.94	0.62	0.88		0.92	0.31	0.68
Non Current Assets Total	0.82	-0.23	0.82	0.79	-0.81	0.76	0.85	0.16	0.85	0.82	0.78	-0.07	0.86	0.81	0.61	0.76	0.79	-0.39	0.91	0.84	0.49	0.74	0.92		0.06	0.8
Non Currrent Assets Other	0.2	0.42	0.25	0.21	-0.03	0.3	0.25	0.48	0.2	0.1	0.29	0.2	0.17	0.26	0.26	0.08	-0.05	0.04	0.29	0.32	-0.07	0.33	0.31	0.06		-0.07
Non Current Liabilities Total	0.8	-0.3	0.73	0.76	-0.56	0.65	0.78	0.1	0.77	0.74	0.69	0.06	0.86	0.73	0.54	0.72	1.0	-0.79	0.64	0.72	0.38	0.47	0.68	0.8	-0.07

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Zhonghang Electronic Account Relationship Matchups

Zhonghang Electronic fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.9B	3.3B	3.7B	4.0B	4.6B	4.8B
Other Current Liab	307.8M	302.1M	86.6M	76.2M	87.7M	159.9M
Total Current Liabilities	933.0M	1.1B	1.2B	1.1B	1.3B	1.4B
Total Stockholder Equity	1.9B	2.1B	2.3B	2.4B	2.7B	2.9B
Other Liab	33.7M	35.9M	25.5M	13.2M	11.8M	22.0M
Retained Earnings	1.2B	1.5B	1.3B	1.3B	1.5B	1.6B
Accounts Payable	567.8M	652.4M	747.2M	747.6M	859.7M	902.7M
Cash	719.7M	433.5M	330.5M	461.3M	530.5M	417.7M
Other Assets	25.6M	31.0M	56.2M	83.2M	95.7M	100.5M
Net Receivables	576.3M	1.0B	983.3M	968.9M	1.1B	1.2B
Inventory	593.5M	691.8M	661.1M	664.7M	764.4M	802.6M
Other Current Assets	38.3M	28.4M	13.3M	32.2M	37.0M	30.7M
Total Liab	958.5M	1.1B	1.3B	1.5B	1.8B	1.9B
Intangible Assets	150.5M	188.1M	185.7M	185.2M	213.0M	223.6M
Property Plant Equipment	467.7M	473.1M	467.3M	656.1M	754.5M	792.2M
Net Tangible Assets	1.4B	1.5B	1.7B	1.9B	2.2B	1.6B
Other Stockholder Equity	(2.2M)	2.8M	8.9M	12.1M	14.0M	14.7M
Deferred Long Term Liab	3.8M	3.2M	1.3M	2.7M	3.1M	2.5M
Total Current Assets	2.0B	2.2B	2.2B	2.3B	2.7B	1.9B
Non Current Assets Total	885.0M	1.1B	1.4B	1.6B	1.9B	1.1B
Non Currrent Assets Other	486.3M	61.0M	16.3M	32.1M	36.9M	35.1M
Non Current Liabilities Total	25.5M	31.9M	126.5M	410.9M	472.5M	496.1M
Net Invested Capital	1.9B	2.1B	2.5B	2.8B	3.3B	2.2B
Net Working Capital	1.1B	1.1B	1.0B	1.2B	1.4B	1.1B
Property Plant And Equipment Net	467.3M	656.1M	935.4M	1.1B	1.2B	792.5M
Property Plant And Equipment Gross	801.3M	1.0B	1.3B	1.1B	1.2B	1.1B

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

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Zhonghang Gross Profit vs Research Development Analysis

Gross Profit vs Research Development

Gross Profit vs Research Development Correlation Analysis

Correlation Coefficient

Gross Profit

Research Development

Zhonghang Electronic fundamental ratios Correlations

Zhonghang Electronic Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhonghang Electronic fundamental ratios Accounts

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Other Information on Investing in Zhonghang Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Long Term Debt
Total Liab	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Inventory	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Accounts Payable

Non Current Assets Total	- 0.81	Other Liab
Non Current Liabilities Total	- 0.79	Good Will
Good Will	- 0.79	Long Term Debt
Total Current Assets	- 0.73	Other Liab
Net Tangible Assets	- 0.73	Other Liab
Other Assets	- 0.71	Other Liab