Suzhou Other Current Assets vs Cash Analysis

300394 Stock   98.67  0.26  0.26%   
Suzhou TFC financial indicator trend analysis is much more than just breaking down Suzhou TFC Optical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Suzhou TFC Optical is a good investment. Please check the relationship between Suzhou TFC Other Current Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Suzhou TFC Optical. 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.

Other Current Assets vs Cash

Other Current Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Suzhou TFC Optical Other Current Assets account and Cash. At this time, the significance of the direction appears to have weak relationship.
Other Current AssetsCashDiversified AwayOther Current AssetsCashDiversified Away100%
The correlation between Suzhou TFC's Other Current Assets and Cash is 0.39. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Suzhou TFC Optical, assuming nothing else is changed. The correlation between historical values of Suzhou TFC's Other Current Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Suzhou TFC Optical are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Current Assets i.e., Suzhou TFC's Other Current Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.39
Relationship DirectionPositive 
Relationship StrengthVery Weak

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Cash

Cash refers to the most liquid asset of Suzhou TFC Optical, which is listed under current asset account on Suzhou TFC Optical balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Suzhou TFC customers. The amounts must be unrestricted with restricted cash listed in a different Suzhou TFC account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Suzhou TFC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Suzhou TFC Optical 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 Suzhou TFC Optical. 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 Tax Provision is expected to grow to about 116.7 M, whereas Selling General Administrative is forecasted to decline to about 24.1 M.
 2021 2022 2023 2024 (projected)
Operating Income336.7M415.8M808.2M848.6M
Total Revenue1.0B1.2B1.9B2.0B

Suzhou TFC fundamental ratios Correlations

0.480.961.00.720.960.910.890.850.980.650.970.70.980.971.00.980.670.720.980.90.820.840.670.87-0.9
0.480.340.520.640.320.160.550.540.490.730.370.660.520.580.510.510.690.560.40.610.040.660.50.36-0.52
0.960.340.940.651.00.950.860.760.950.611.00.610.90.910.970.930.470.660.960.830.920.750.610.81-0.8
1.00.520.940.740.930.890.890.860.970.660.950.720.980.970.990.980.720.740.970.910.780.860.680.87-0.92
0.720.640.650.740.660.470.730.870.760.820.680.980.760.840.740.690.650.840.610.890.360.960.910.65-0.61
0.960.321.00.930.660.940.860.760.950.621.00.620.90.910.960.920.450.670.940.830.920.750.630.79-0.78
0.910.160.950.890.470.940.740.640.880.390.950.430.860.80.90.90.450.50.950.70.960.60.490.81-0.8
0.890.550.860.890.730.860.740.810.950.730.870.760.840.930.910.860.530.890.830.910.710.810.60.72-0.79
0.850.540.760.860.870.760.640.810.840.780.780.840.860.890.850.820.660.840.760.940.520.910.730.85-0.77
0.980.490.950.970.760.950.880.950.840.690.960.760.940.980.980.960.630.830.950.930.810.860.670.84-0.89
0.650.730.610.660.820.620.390.730.780.690.630.790.630.760.680.640.470.80.570.830.350.790.640.58-0.57
0.970.371.00.950.681.00.950.870.780.960.630.650.920.930.970.940.50.690.960.850.910.770.640.81-0.81
0.70.660.610.720.980.620.430.760.840.760.790.650.730.830.720.660.650.870.570.880.320.960.910.58-0.6
0.980.520.90.980.760.90.860.840.860.940.630.920.730.960.970.960.750.720.940.890.710.880.720.86-0.91
0.970.580.910.970.840.910.80.930.890.980.760.930.830.960.970.940.680.840.90.950.70.930.760.81-0.86
1.00.510.970.990.740.960.90.910.850.980.680.970.720.970.970.980.660.750.960.910.810.850.690.85-0.89
0.980.510.930.980.690.920.90.860.820.960.640.940.660.960.940.980.730.720.990.90.80.820.610.9-0.95
0.670.690.470.720.650.450.450.530.660.630.470.50.650.750.680.660.730.560.640.70.220.760.60.69-0.83
0.720.560.660.740.840.670.50.890.840.830.80.690.870.720.840.750.720.560.640.930.450.860.640.68-0.71
0.980.40.960.970.610.940.950.830.760.950.570.960.570.940.90.960.990.640.640.840.870.750.550.89-0.92
0.90.610.830.910.890.830.70.910.940.930.830.850.880.890.950.910.90.70.930.840.610.940.740.87-0.86
0.820.040.920.780.360.920.960.710.520.810.350.910.320.710.70.810.80.220.450.870.610.460.340.7-0.66
0.840.660.750.860.960.750.60.810.910.860.790.770.960.880.930.850.820.760.860.750.940.460.890.73-0.76
0.670.50.610.680.910.630.490.60.730.670.640.640.910.720.760.690.610.60.640.550.740.340.890.51-0.5
0.870.360.810.870.650.790.810.720.850.840.580.810.580.860.810.850.90.690.680.890.870.70.730.51-0.92
-0.9-0.52-0.8-0.92-0.61-0.78-0.8-0.79-0.77-0.89-0.57-0.81-0.6-0.91-0.86-0.89-0.95-0.83-0.71-0.92-0.86-0.66-0.76-0.5-0.92
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Suzhou TFC Account Relationship Matchups

Suzhou TFC fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.3B1.6B2.6B2.9B3.9B4.1B
Other Current Liab27.9M35.5M25.3M70.8M11.8M21.8M
Total Current Liabilities152.4M200.8M179.6M233.1M503.9M529.1M
Total Stockholder Equity1.2B1.4B2.3B2.6B3.2B3.4B
Other Liab20.9M26.9M26.0M24.7M28.4M14.5M
Accounts Payable103.0M115.4M102.3M115.9M276.8M290.7M
Cash105.1M177.3M515.0M672.6M1.9B2.0B
Other Assets11.2M38.7M23.9M31.0M35.7M37.5M
Net Receivables234.4M261.2M353.2M304.9M424.7M216.4M
Inventory75.1M173.1M174.0M186.4M255.6M268.4M
Other Current Assets21.4M19.5M11.7M21.7M18.2M9.9M
Total Liab173.2M228.3M214.7M263.9M535.0M561.8M
Intangible Assets39.9M59.8M53.5M50.4M49.1M36.4M
Common Stock198.9M198.6M391.5M394.0M453.1M475.7M
Property Plant Equipment382.6M524.8M597.6M613.1M705.1M740.4M
Retained Earnings572.6M772.2M948.4M1.2B1.5B1.6B
Net Tangible Assets1.1B1.3B2.2B2.5B2.9B3.1B
Deferred Long Term Liab2.6M7.5M5.9M5.0M5.7M3.4M
Total Current Assets884.1M943.5M1.8B2.2B3.0B3.2B
Non Current Assets Total460.7M662.2M712.2M732.2M853.1M602.3M
Non Currrent Assets Other3.7M21.2M6.7M14.1M88.9M93.4M
Non Current Liabilities Total20.9M27.4M35.1M30.8M31.1M25.3M
Common Stock Shares Outstanding198.9M198.6M391.5M394.0M552.8M333.2M
Other Stockholder Equity360.6K(1.6M)(7.9M)(9.2M)(8.3M)(7.9M)
Net Invested Capital1.2B1.4B2.3B2.6B3.2B2.0B
Net Working Capital731.7M742.7M1.7B1.9B2.5B1.4B
Capital Stock198.9M198.6M391.5M394.0M394.9M325.8M

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Other Information on Investing in Suzhou Stock

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