Shenzhen Retained Earnings vs Short Term Debt Analysis

300301 Stock

1.81 0.02 1.12%

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

Retained Earnings vs Short Term Debt

Retained Earnings vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Changfang Light Retained Earnings account and Short Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Shenzhen Changfang's Retained Earnings and Short Term Debt is -0.59. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Shenzhen Changfang Light, assuming nothing else is changed. The correlation between historical values of Shenzhen Changfang's Retained Earnings and Short Term Debt 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 Shenzhen Changfang Light are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Retained Earnings i.e., Shenzhen Changfang's Retained Earnings and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.59

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

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.

Short Term Debt

Most indicators from Shenzhen Changfang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Changfang Light 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 Shenzhen Changfang Light. 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 84.8 M, whereas Tax Provision is forecasted to decline to about 2.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	224.3M	75.2M	78.2M	74.3M
Research Development	69.1M	69.0M	57.8M	88.7M

Gross Profit Research Development

Shenzhen Changfang fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Other Liab	Treasury Stock	Net Tangible Assets	Good Will	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.64	0.89	0.96	0.43	0.95	0.91	0.47	0.81	0.91	0.45	0.86	0.89	0.61	0.84	0.56	0.63	0.42	0.7	0.11	-0.19	0.71	0.74	0.38	0.39	0.6
Other Current Liab	0.64		0.71	0.53	0.27	0.6	0.47	0.59	0.81	0.51	0.21	0.73	0.54	0.42	0.39	0.65	0.46	0.32	0.17	0.01	-0.01	0.6	0.46	0.35	0.25	0.2
Total Current Liabilities	0.89	0.71		0.72	0.06	0.85	0.7	0.67	0.84	0.73	0.25	0.99	0.86	0.77	0.8	0.64	0.83	0.61	0.41	-0.21	0.2	0.81	0.42	0.59	0.05	0.39
Total Stockholder Equity	0.96	0.53	0.72		0.6	0.89	0.94	0.3	0.7	0.92	0.54	0.69	0.81	0.45	0.78	0.4	0.44	0.27	0.82	0.32	-0.4	0.59	0.84	0.21	0.54	0.67
Retained Earnings	0.43	0.27	0.06	0.6		0.51	0.52	-0.2	0.2	0.57	0.55	0.07	0.23	-0.4	0.28	0.32	-0.38	-0.54	0.54	0.81	-0.93	-0.1	0.84	-0.59	0.98	0.54
Accounts Payable	0.95	0.6	0.85	0.89	0.51		0.84	0.41	0.75	0.92	0.47	0.85	0.81	0.48	0.86	0.69	0.5	0.23	0.57	0.16	-0.27	0.57	0.72	0.2	0.48	0.58
Cash	0.91	0.47	0.7	0.94	0.52	0.84		0.34	0.75	0.83	0.46	0.67	0.76	0.47	0.68	0.42	0.46	0.34	0.77	0.2	-0.3	0.66	0.83	0.28	0.47	0.69
Other Assets	0.47	0.59	0.67	0.3	-0.2	0.41	0.34		0.72	0.16	-0.13	0.67	0.31	0.59	0.16	0.43	0.64	0.66	0.08	-0.54	0.48	0.74	0.15	0.69	-0.15	0.28
Net Receivables	0.81	0.81	0.84	0.7	0.2	0.75	0.75	0.72		0.59	0.16	0.85	0.64	0.63	0.49	0.68	0.65	0.58	0.34	-0.24	0.14	0.86	0.6	0.58	0.16	0.39
Inventory	0.91	0.51	0.73	0.92	0.57	0.92	0.83	0.16	0.59		0.52	0.7	0.81	0.44	0.9	0.45	0.42	0.11	0.63	0.35	-0.4	0.4	0.69	0.08	0.49	0.53
Other Current Assets	0.45	0.21	0.25	0.54	0.55	0.47	0.46	-0.13	0.16	0.52		0.22	0.42	-0.07	0.51	0.14	-0.12	-0.1	0.61	0.62	-0.56	0.16	0.58	-0.15	0.59	0.53
Total Liab	0.86	0.73	0.99	0.69	0.07	0.85	0.67	0.67	0.85	0.7	0.22		0.84	0.73	0.78	0.72	0.81	0.58	0.36	-0.23	0.21	0.79	0.42	0.56	0.06	0.34
Intangible Assets	0.89	0.54	0.86	0.81	0.23	0.81	0.76	0.31	0.64	0.81	0.42	0.84		0.64	0.89	0.5	0.72	0.48	0.68	0.1	-0.06	0.69	0.55	0.42	0.2	0.5
Common Stock	0.61	0.42	0.77	0.45	-0.4	0.48	0.47	0.59	0.63	0.44	-0.07	0.73	0.64		0.54	0.23	0.95	0.84	0.18	-0.59	0.57	0.73	0.02	0.88	-0.44	0.11
Property Plant Equipment	0.84	0.39	0.8	0.78	0.28	0.86	0.68	0.16	0.49	0.9	0.51	0.78	0.89	0.54		0.44	0.58	0.27	0.59	0.19	-0.16	0.45	0.46	0.22	0.24	0.39
Long Term Debt	0.56	0.65	0.64	0.4	0.32	0.69	0.42	0.43	0.68	0.45	0.14	0.72	0.5	0.23	0.44		0.34	0.09	0.05	-0.1	-0.06	0.43	0.47	0.12	0.36	0.15
Other Liab	0.63	0.46	0.83	0.44	-0.38	0.5	0.46	0.64	0.65	0.42	-0.12	0.81	0.72	0.95	0.58	0.34		0.84	0.22	-0.57	0.58	0.77	0.04	0.85	-0.41	0.12
Treasury Stock	0.42	0.32	0.61	0.27	-0.54	0.23	0.34	0.66	0.58	0.11	-0.1	0.58	0.48	0.84	0.27	0.09	0.84		0.24	-0.65	0.7	0.86	-0.02	0.98	-0.55	0.11
Net Tangible Assets	0.7	0.17	0.41	0.82	0.54	0.57	0.77	0.08	0.34	0.63	0.61	0.36	0.68	0.18	0.59	0.05	0.22	0.24		0.49	-0.47	0.47	0.76	0.11	0.52	0.74
Good Will	0.11	0.01	-0.21	0.32	0.81	0.16	0.2	-0.54	-0.24	0.35	0.62	-0.23	0.1	-0.59	0.19	-0.1	-0.57	-0.65	0.49		-0.93	-0.37	0.51	-0.72	0.79	0.36
Deferred Long Term Liab	-0.19	-0.01	0.2	-0.4	-0.93	-0.27	-0.3	0.48	0.14	-0.4	-0.56	0.21	-0.06	0.57	-0.16	-0.06	0.58	0.7	-0.47	-0.93		0.37	-0.65	0.74	-0.92	-0.42
Short Long Term Debt	0.71	0.6	0.81	0.59	-0.1	0.57	0.66	0.74	0.86	0.4	0.16	0.79	0.69	0.73	0.45	0.43	0.77	0.86	0.47	-0.37	0.37		0.42	0.81	-0.11	0.42
Total Current Assets	0.74	0.46	0.42	0.84	0.84	0.72	0.83	0.15	0.6	0.69	0.58	0.42	0.55	0.02	0.46	0.47	0.04	-0.02	0.76	0.51	-0.65	0.42		-0.08	0.81	0.7
Short Term Debt	0.38	0.35	0.59	0.21	-0.59	0.2	0.28	0.69	0.58	0.08	-0.15	0.56	0.42	0.88	0.22	0.12	0.85	0.98	0.11	-0.72	0.74	0.81	-0.08		-0.59	0.07
Non Current Assets Total	0.39	0.25	0.05	0.54	0.98	0.48	0.47	-0.15	0.16	0.49	0.59	0.06	0.2	-0.44	0.24	0.36	-0.41	-0.55	0.52	0.79	-0.92	-0.11	0.81	-0.59		0.56
Non Currrent Assets Other	0.6	0.2	0.39	0.67	0.54	0.58	0.69	0.28	0.39	0.53	0.53	0.34	0.5	0.11	0.39	0.15	0.12	0.11	0.74	0.36	-0.42	0.42	0.7	0.07	0.56

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Shenzhen Changfang Account Relationship Matchups

Shenzhen Changfang fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.3B	2.7B	1.7B	995.3M	819.4M	778.4M
Other Current Liab	124.7M	144.1M	81.8M	6.9M	10.1M	9.6M
Total Current Liabilities	1.7B	1.3B	811.5M	724.0M	725.1M	948.4M
Total Stockholder Equity	1.2B	1.2B	786.3M	192.0M	51.6M	49.0M
Retained Earnings	(352.0M)	(389.8M)	(759.8M)	(1.4B)	(1.5B)	(1.4B)
Accounts Payable	729.7M	524.4M	293.2M	214.3M	179.5M	170.6M
Cash	391.3M	240.4M	211.3M	77.5M	30.8M	29.2M
Other Assets	435.3M	474.6M	784.6M	184.7M	212.4M	208.5M
Net Receivables	757.5M	606.0M	529.7M	162.1M	117.7M	111.8M
Inventory	263.0M	201.3M	193.5M	101.5M	82.5M	78.4M
Other Current Assets	31.0M	8.4M	7.1M	5.4M	27.3M	20.7M
Total Liab	2.1B	1.6B	912.1M	802.6M	767.2M	1.1B
Intangible Assets	102.3M	45.3M	39.2M	33.1M	31.6M	59.0M
Property Plant Equipment	1.1B	1.1B	648.7M	533.7M	613.8M	866.6M
Long Term Debt	349.4M	171.4M	59M	32M	5M	4.8M
Other Liab	46.3M	54.5M	53.5M	41.7M	47.9M	42.2M
Net Tangible Assets	1.1B	940.8M	962.2M	747.1M	672.4M	910.7M
Deferred Long Term Liab	18.9M	48.6M	51.6M	60.6M	69.7M	73.2M
Short Long Term Debt	658.7M	472.2M	389.0M	254.4M	160.7M	320.0M
Total Current Assets	1.4B	1.1B	941.6M	377.4M	276.5M	262.7M
Non Current Assets Total	1.8B	1.6B	757.6M	617.9M	542.9M	515.7M
Non Currrent Assets Other	39.4M	21.5M	275.6K	1.1M	972K	923.4K
Non Current Liabilities Total	403.9M	247.9M	100.7M	78.6M	42.1M	40.0M
Net Debt	557.1M	403.2M	236.7M	208.9M	134.9M	231.7M
Net Invested Capital	2.1B	1.8B	1.2B	478.4M	217.2M	206.4M
Net Working Capital	(219.5M)	(222.4M)	130.1M	(346.6M)	(448.6M)	(426.2M)

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Other Information on Investing in Shenzhen Stock

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

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Shenzhen Retained Earnings vs Short Term Debt Analysis

Retained Earnings vs Short Term Debt

Retained Earnings vs Short Term Debt Correlation Analysis

Correlation Coefficient

Retained Earnings

Short Term Debt

Shenzhen Changfang fundamental ratios Correlations

Shenzhen Changfang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen Changfang fundamental ratios Accounts

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Other Information on Investing in Shenzhen Stock

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Total Liab	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.98	Retained Earnings
Short Term Debt	+ 0.98	Treasury Stock
Total Stockholder Equity	+ 0.96	Total Assets
Accounts Payable	+ 0.95	Total Assets
Other Liab	+ 0.95	Common Stock

Deferred Long Term Liab	- 0.93	Good Will
Deferred Long Term Liab	- 0.93	Retained Earnings
Non Current Assets Total	- 0.92	Deferred Long Term Liab
Short Term Debt	- 0.72	Good Will
Total Current Assets	- 0.65	Deferred Long Term Liab
Good Will	- 0.65	Treasury Stock