Shijiazhuang Total Assets vs Cash Analysis

300491 Stock   16.51  0.29  1.79%   
Shijiazhuang Tonhe financial indicator trend analysis is much more than just breaking down Shijiazhuang Tonhe prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shijiazhuang Tonhe is a good investment. Please check the relationship between Shijiazhuang Tonhe Total Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shijiazhuang Tonhe Electronics. 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.

Total Assets vs Cash

Total Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shijiazhuang Tonhe Total Assets account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shijiazhuang Tonhe's Total Assets and Cash is 0.63. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Shijiazhuang Tonhe Electronics, assuming nothing else is changed. The correlation between historical values of Shijiazhuang Tonhe's Total 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 Total Assets of Shijiazhuang Tonhe Electronics 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 Total Assets i.e., Shijiazhuang Tonhe's Total Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.63
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Assets

Total assets refers to the total amount of Shijiazhuang Tonhe assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Shijiazhuang Tonhe books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Cash

Cash refers to the most liquid asset of Shijiazhuang Tonhe, which is listed under current asset account on Shijiazhuang Tonhe Electronics balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shijiazhuang Tonhe customers. The amounts must be unrestricted with restricted cash listed in a different Shijiazhuang Tonhe 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 Shijiazhuang Tonhe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shijiazhuang Tonhe 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 Shijiazhuang Tonhe Electronics. 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 120.2 M. The current year's Tax Provision is expected to grow to about 4.9 M
 2021 2022 2023 2024 (projected)
Operating Income41.8M52.9M150.5M158.1M
Total Revenue421.1M639.2M1.0B1.1B

Shijiazhuang Tonhe fundamental ratios Correlations

0.670.960.860.980.960.630.780.990.980.550.970.910.750.66-0.650.750.820.87-0.680.37-0.460.860.640.940.9
0.670.770.340.710.740.290.320.680.650.30.780.840.270.37-0.270.550.360.47-0.410.7-0.460.460.090.460.42
0.960.770.730.951.00.490.670.970.980.51.00.940.590.5-0.650.740.770.83-0.680.46-0.550.850.490.880.85
0.860.340.730.840.740.750.80.830.790.610.730.650.910.81-0.620.720.90.88-0.580.25-0.260.870.770.850.91
0.980.710.950.840.940.610.780.980.950.580.950.880.720.7-0.60.730.780.84-0.690.4-0.420.820.630.90.86
0.960.741.00.740.940.510.670.960.990.471.00.930.610.51-0.650.750.770.83-0.690.42-0.550.860.510.880.85
0.630.290.490.750.610.510.430.560.550.090.50.440.640.68-0.320.660.670.44-0.520.09-0.470.620.460.580.6
0.780.320.670.80.780.670.430.80.710.570.660.620.890.78-0.620.440.610.73-0.430.080.120.590.950.750.7
0.990.680.970.830.980.960.560.80.980.610.970.920.730.62-0.670.70.810.88-0.670.42-0.430.850.640.940.9
0.980.650.980.790.950.990.550.710.980.510.980.90.650.52-0.680.750.830.87-0.720.37-0.550.890.550.940.91
0.550.30.50.610.580.470.090.570.610.510.490.490.530.4-0.510.230.620.8-0.270.53-0.050.580.480.630.68
0.970.781.00.730.951.00.50.660.970.980.490.950.60.51-0.620.740.760.83-0.680.47-0.550.840.480.880.84
0.910.840.940.650.880.930.440.620.920.90.490.950.580.48-0.510.640.670.76-0.60.59-0.50.740.420.80.76
0.750.270.590.910.720.610.640.890.730.650.530.60.580.88-0.480.570.710.75-0.420.140.050.670.890.690.74
0.660.370.50.810.70.510.680.780.620.520.40.510.480.88-0.270.560.520.57-0.290.080.110.490.760.510.54
-0.65-0.27-0.65-0.62-0.6-0.65-0.32-0.62-0.67-0.68-0.51-0.62-0.51-0.48-0.27-0.35-0.74-0.720.52-0.30.35-0.73-0.56-0.73-0.76
0.750.550.740.720.730.750.660.440.70.750.230.740.640.570.56-0.350.680.67-0.490.3-0.430.750.350.60.68
0.820.360.770.90.780.770.670.610.810.830.620.760.670.710.52-0.740.680.9-0.70.45-0.570.980.560.870.97
0.870.470.830.880.840.830.440.730.880.870.80.830.760.750.57-0.720.670.9-0.570.48-0.330.910.610.890.96
-0.68-0.41-0.68-0.58-0.69-0.69-0.52-0.43-0.67-0.72-0.27-0.68-0.6-0.42-0.290.52-0.49-0.7-0.57-0.320.61-0.72-0.35-0.69-0.7
0.370.70.460.250.40.420.090.080.420.370.530.470.590.140.08-0.30.30.450.48-0.32-0.450.45-0.080.290.4
-0.46-0.46-0.55-0.26-0.42-0.55-0.470.12-0.43-0.55-0.05-0.55-0.50.050.110.35-0.43-0.57-0.330.61-0.45-0.610.22-0.49-0.51
0.860.460.850.870.820.860.620.590.850.890.580.840.740.670.49-0.730.750.980.91-0.720.45-0.610.510.870.97
0.640.090.490.770.630.510.460.950.640.550.480.480.420.890.76-0.560.350.560.61-0.35-0.080.220.510.630.61
0.940.460.880.850.90.880.580.750.940.940.630.880.80.690.51-0.730.60.870.89-0.690.29-0.490.870.630.95
0.90.420.850.910.860.850.60.70.90.910.680.840.760.740.54-0.760.680.970.96-0.70.4-0.510.970.610.95
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Shijiazhuang Tonhe Account Relationship Matchups

Shijiazhuang Tonhe fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets860.1M929.7M1.3B1.6B2.0B2.1B
Other Current Liab3.7M5.8M13.1M403.4K88.8M93.3M
Total Current Liabilities163.9M214.4M283.7M529.5M829.8M871.3M
Total Stockholder Equity676.6M695.1M967.9M1.0B1.1B561.3M
Retained Earnings141.5M183.0M211.6M224.7M307.3M322.7M
Accounts Payable103.4M137.4M178.3M386.3M527.6M554.0M
Cash92.2M91.1M340.1M303.6M198.9M166.1M
Other Assets14.6M14.7M15.0M12.8M14.7M15.4M
Net Receivables286.2M293.9M409.3M441.0M655.7M688.5M
Inventory77.9M94.8M132.8M227.4M269.8M283.3M
Other Current Assets9.9M8.6M9.0M3.9M12.3M6.3M
Total Liab183.6M234.7M309.7M545.0M865.9M909.2M
Intangible Assets23.4M22.9M34.2M30.7M70.1M73.6M
Common Stock145.8M145.2M160.8M173.5M199.5M113.2M
Property Plant Equipment156.6M164.6M158.0M160.9M185.0M122.5M
Other Liab20.8M19.7M20.3M16.5M14.8M17.4M
Net Tangible Assets395.9M467.2M494.9M753.9M867.0M535.6M
Non Current Assets Total393.8M378.5M387.6M421.1M632.5M385.4M
Non Currrent Assets Other200.1M194.1M393.8M10.7M9.6M9.1M
Non Current Liabilities Total19.7M20.3M26.0M15.5M36.0M25.1M
Deferred Long Term Liab3.5M3.7M3.4M589.6K530.6K504.1K
Total Current Assets466.3M551.3M891.2M1.1B1.4B754.7M
Net Invested Capital721.6M755.2M1.1B1.1B1.3B911.2M
Net Working Capital302.4M336.9M607.5M606.2M520.2M450.3M

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Other Information on Investing in Shijiazhuang Stock

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

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