Shanghai Net Tangible Assets vs Non Current Liabilities Total Analysis

300398 Stock   14.65  0.50  3.30%   
Shanghai Phichem financial indicator trend analysis is much more than just breaking down Shanghai Phichem Material prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Phichem Material is a good investment. Please check the relationship between Shanghai Phichem Net Tangible Assets and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Phichem Material. 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.

Net Tangible Assets vs Non Current Liabilities Total

Net Tangible Assets vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Phichem Material Net Tangible Assets account and Non Current Liabilities Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shanghai Phichem's Net Tangible Assets and Non Current Liabilities Total is 0.95. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Shanghai Phichem Material, assuming nothing else is changed. The correlation between historical values of Shanghai Phichem's Net Tangible Assets and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Shanghai Phichem Material are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Net Tangible Assets i.e., Shanghai Phichem's Net Tangible Assets and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Non Current Liabilities Total

Most indicators from Shanghai Phichem's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Phichem Material 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 Shanghai Phichem Material. 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 275 M. The current year's Tax Provision is expected to grow to about 34.7 M
 2022 2023 2024 2025 (projected)
Operating Income558.8M326.2M375.1M240.8M
Total Revenue2.9B2.7B3.1B3.3B

Shanghai Phichem fundamental ratios Correlations

0.710.90.990.740.970.960.880.950.980.990.760.990.840.891.00.960.950.90.910.960.210.930.80.950.9
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0.740.60.810.750.620.720.690.840.770.710.590.730.950.920.740.560.640.950.660.820.230.670.530.610.71
0.970.590.830.980.620.940.830.870.960.980.780.950.730.790.980.960.950.80.920.920.10.90.80.970.84
0.960.670.860.950.720.940.830.90.970.970.840.950.790.840.960.940.920.860.90.940.150.910.850.880.8
0.880.870.960.850.690.830.830.90.820.880.730.910.840.910.880.840.770.840.90.920.420.940.860.820.91
0.950.830.940.930.840.870.90.90.920.930.670.970.920.930.950.880.880.940.830.940.40.90.780.870.91
0.980.640.880.980.770.960.970.820.920.970.80.960.840.880.980.920.950.90.890.950.060.880.740.940.87
0.990.70.90.980.710.980.970.880.930.970.790.980.810.870.990.950.940.870.930.960.160.930.820.960.9
0.760.550.790.760.590.780.840.730.670.80.790.750.670.750.790.730.720.690.840.8-0.060.780.760.690.66
0.990.790.930.970.730.950.950.910.970.960.980.750.850.890.990.960.940.890.90.960.290.950.830.940.92
0.840.760.930.830.950.730.790.840.920.840.810.670.850.970.840.680.740.970.760.890.30.790.640.730.85
0.890.770.970.870.920.790.840.910.930.880.870.750.890.970.880.770.780.980.870.960.280.890.740.790.9
1.00.710.90.990.740.980.960.880.950.980.990.790.990.840.880.950.950.890.910.960.190.920.80.950.89
0.960.660.830.940.560.960.940.840.880.920.950.730.960.680.770.950.950.770.90.910.250.940.860.930.83
0.950.570.810.950.640.950.920.770.880.950.940.720.940.740.780.950.950.80.850.90.150.880.760.930.82
0.90.720.920.890.950.80.860.840.940.90.870.690.890.970.980.890.770.80.820.950.250.840.680.80.87
0.910.620.90.910.660.920.90.90.830.890.930.840.90.760.870.910.90.850.820.950.140.950.860.890.85
0.960.720.960.950.820.920.940.920.940.950.960.80.960.890.960.960.910.90.950.950.230.960.830.910.91
0.210.60.30.150.230.10.150.420.40.060.16-0.060.290.30.280.190.250.150.250.140.230.380.50.050.19
0.930.770.930.90.670.90.910.940.90.880.930.780.950.790.890.920.940.880.840.950.960.380.940.860.87
0.80.740.80.770.530.80.850.860.780.740.820.760.830.640.740.80.860.760.680.860.830.50.940.70.67
0.950.590.840.950.610.970.880.820.870.940.960.690.940.730.790.950.930.930.80.890.910.050.860.70.92
0.90.780.940.870.710.840.80.910.910.870.90.660.920.850.90.890.830.820.870.850.910.190.870.670.92
Click cells to compare fundamentals

Shanghai Phichem Account Relationship Matchups

Shanghai Phichem fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets5.5B5.9B6.3B6.5B7.5B7.8B
Other Current Liab214.2M159.6M132.3M67.2M77.3M78.3M
Total Current Liabilities1.7B1.8B1.7B1.6B1.9B970.0M
Total Stockholder Equity2.8B3.2B3.7B3.8B4.4B4.6B
Other Liab76.7M83.2M84.7M77.8M89.5M54.9M
Retained Earnings1.2B1.5B1.9B1.9B2.2B2.3B
Accounts Payable320.4M539.3M398.8M399.5M459.5M482.5M
Cash1.3B1.0B1.3B1.1B1.2B627.1M
Other Assets140.9M174.6M137.5M129.5M148.9M156.4M
Net Receivables603.2M1.0B858.1M950.3M1.1B1.1B
Inventory508.0M663.1M740.8M646.6M743.5M780.7M
Other Current Assets35.2M111.0M85.9M74.2M85.3M44.9M
Total Liab2.6B2.6B2.5B2.5B2.9B3.1B
Intangible Assets292.5M278.2M260.7M252.8M290.7M188.3M
Common Stock517.6M515.9M516.1M528.7M607.9M311.6M
Property Plant Equipment1.2B1.4B1.6B1.7B1.9B2.0B
Long Term Debt717.5M733.7M636.0M849.4M976.8M1.0B
Short Term Investments159.0M204.8M122.3M243.4M279.9M293.9M
Good Will642.8M641.3M639.8M669.1M769.4M557.1M
Net Tangible Assets1.5B1.9B2.2B2.8B3.2B1.8B
Non Current Assets Total2.7B2.9B2.9B3.2B3.7B2.5B
Non Currrent Assets Other1.5B22.0M23.7M27.2M31.3M29.7M
Non Current Liabilities Total957.6M840.9M755.2M925.9M1.1B605.7M
Other Stockholder Equity6.6M204.0M178.3M136.7M157.2M83.7M
Deferred Long Term Liab11.3M7.1M8.5M14.1M16.3M17.1M
Short Long Term Debt763.0M725.3M944.3M863.5M993.0M777.3M
Total Current Assets2.9B3.0B3.4B3.3B3.8B2.5B
Non Current Liabilities Other42.6M138.3M156.9M15.7M18.1M17.2M
Net Debt131.6M448.2M289.0M640.2M736.3M773.1M
Common Stock Shares Outstanding515.9M516.2M528.7M528.7M608.0M570.6M
Net Invested Capital4.3B4.6B5.3B5.5B6.4B4.5B
Net Working Capital1.2B1.2B1.7B1.7B1.9B1.1B
Capital Stock515.9M516.1M528.7M528.7M608.0M556.2M
Property Plant And Equipment Net1.4B1.6B1.7B1.7B2.0B1.7B
Property Plant And Equipment Gross1.8B2.1B1.7B2.5B2.9B2.1B

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Other Information on Investing in Shanghai Stock

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