Zhejiang Cash vs Total Stockholder Equity Analysis

300813 Stock

18.21 0.84 4.41%

Zhejiang Tailin financial indicator trend analysis is more than just analyzing Zhejiang Tailin Bioe current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Tailin Bioe is a good investment. Please check the relationship between Zhejiang Tailin Cash and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Tailin Bioengineering. 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.

Cash vs Total Stockholder Equity

Cash vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Tailin Bioe Cash account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Zhejiang Tailin's Cash and Total Stockholder Equity is 0.95. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Zhejiang Tailin Bioengineering, assuming nothing else is changed. The correlation between historical values of Zhejiang Tailin's Cash and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Zhejiang Tailin Bioengineering are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Cash i.e., Zhejiang Tailin's Cash and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

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Cash

Cash refers to the most liquid asset of Zhejiang Tailin Bioe, which is listed under current asset account on Zhejiang Tailin Bioengineering balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Zhejiang Tailin customers. The amounts must be unrestricted with restricted cash listed in a different Zhejiang Tailin 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.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from Zhejiang Tailin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Tailin Bioe 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 Zhejiang Tailin Bioengineering. 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.

As of December 25, 2024, Tax Provision is expected to decline to about 3.4 M. In addition to that, Selling General Administrative is expected to decline to about 37.4 M

	2021	2022	2023	2024 (projected)
Net Interest Income	6.6M	9.0M	10.5M	11.0M
Tax Provision	6.1M	261.1K	3.5M	3.4M

Net Interest Income Tax Provision

Zhejiang Tailin fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Short Term Debt
Total Assets		0.01	0.95	0.99	0.88	0.97	0.95	0.85	0.95	0.78	-0.58	0.94	0.62	0.79	0.96	0.7	0.88	0.8	0.99	-0.6	0.96	0.87	0.93	0.99	0.97	-0.43
Other Current Liab	0.01		0.24	0.07	0.01	0.22	0.11	0.29	0.01	-0.22	-0.29	0.18	0.26	-0.48	0.11	0.12	-0.23	0.05	0.05	0.25	0.14	0.16	-0.31	-0.07	-0.01	0.36
Total Current Liabilities	0.95	0.24		0.95	0.89	0.96	0.92	0.87	0.88	0.75	-0.66	0.93	0.67	0.68	0.98	0.73	0.84	0.83	0.94	-0.55	0.96	0.85	0.82	0.93	0.9	-0.42
Total Stockholder Equity	0.99	0.07	0.95		0.85	0.98	0.97	0.89	0.95	0.77	-0.57	0.95	0.64	0.75	0.95	0.71	0.86	0.75	0.99	-0.62	0.96	0.89	0.9	0.98	0.97	-0.41
Other Liab	0.88	0.01	0.89	0.85		0.83	0.83	0.74	0.79	0.69	-0.43	0.81	0.7	0.71	0.91	0.63	0.8	0.87	0.86	-0.45	0.82	0.75	0.82	0.86	0.83	-0.38
Net Tangible Assets	0.97	0.22	0.96	0.98	0.83		0.96	0.92	0.91	0.71	-0.55	0.96	0.65	0.63	0.94	0.76	0.78	0.72	0.95	-0.55	0.97	0.9	0.82	0.94	0.92	-0.32
Retained Earnings	0.95	0.11	0.92	0.97	0.83	0.96		0.96	0.88	0.78	-0.46	0.97	0.79	0.7	0.92	0.78	0.82	0.67	0.93	-0.65	0.89	0.97	0.82	0.93	0.91	-0.4
Accounts Payable	0.85	0.29	0.87	0.89	0.74	0.92	0.96		0.76	0.74	-0.45	0.92	0.84	0.55	0.84	0.82	0.72	0.51	0.83	-0.67	0.82	0.97	0.64	0.81	0.8	-0.38
Cash	0.95	0.01	0.88	0.95	0.79	0.91	0.88	0.76		0.63	-0.61	0.84	0.49	0.74	0.85	0.48	0.82	0.74	0.99	-0.52	0.9	0.74	0.91	0.96	0.99	-0.31
Non Current Assets Total	0.78	-0.22	0.75	0.77	0.69	0.71	0.78	0.74	0.63		-0.43	0.74	0.58	0.88	0.8	0.8	0.93	0.53	0.71	-0.91	0.76	0.75	0.75	0.78	0.7	-0.87
Non Currrent Assets Other	-0.58	-0.29	-0.66	-0.57	-0.43	-0.55	-0.46	-0.45	-0.61	-0.43		-0.46	-0.17	-0.45	-0.56	-0.28	-0.57	-0.48	-0.6	0.35	-0.63	-0.39	-0.51	-0.57	-0.59	0.31
Other Assets	0.94	0.18	0.93	0.95	0.81	0.96	0.97	0.92	0.84	0.74	-0.46		0.76	0.65	0.95	0.8	0.77	0.74	0.91	-0.55	0.9	0.94	0.81	0.92	0.88	-0.33
Net Receivables	0.62	0.26	0.67	0.64	0.7	0.65	0.79	0.84	0.49	0.58	-0.17	0.76		0.41	0.67	0.65	0.55	0.49	0.59	-0.48	0.5	0.84	0.44	0.57	0.55	-0.27
Non Current Liabilities Total	0.79	-0.48	0.68	0.75	0.71	0.63	0.7	0.55	0.74	0.88	-0.45	0.65	0.41		0.75	0.5	0.96	0.64	0.76	-0.79	0.7	0.59	0.9	0.83	0.79	-0.78
Inventory	0.96	0.11	0.98	0.95	0.91	0.94	0.92	0.84	0.85	0.8	-0.56	0.95	0.67	0.75		0.78	0.86	0.87	0.92	-0.56	0.95	0.85	0.87	0.94	0.89	-0.46
Other Current Assets	0.7	0.12	0.73	0.71	0.63	0.76	0.78	0.82	0.48	0.8	-0.28	0.8	0.65	0.5	0.78		0.62	0.44	0.59	-0.64	0.74	0.86	0.55	0.65	0.54	-0.5
Total Liab	0.88	-0.23	0.84	0.86	0.8	0.78	0.82	0.72	0.82	0.93	-0.57	0.77	0.55	0.96	0.86	0.62		0.71	0.86	-0.82	0.83	0.71	0.89	0.9	0.86	-0.78
Deferred Long Term Liab	0.8	0.05	0.83	0.75	0.87	0.72	0.67	0.51	0.74	0.53	-0.48	0.74	0.49	0.64	0.87	0.44	0.71		0.79	-0.2	0.76	0.54	0.8	0.8	0.77	-0.26
Total Current Assets	0.99	0.05	0.94	0.99	0.86	0.95	0.93	0.83	0.99	0.71	-0.6	0.91	0.59	0.76	0.92	0.59	0.86	0.79		-0.56	0.94	0.82	0.92	0.99	1.0	-0.36
Intangible Assets	-0.6	0.25	-0.55	-0.62	-0.45	-0.55	-0.65	-0.67	-0.52	-0.91	0.35	-0.55	-0.48	-0.79	-0.56	-0.64	-0.82	-0.2	-0.56		-0.58	-0.64	-0.56	-0.62	-0.57	0.89
Common Stock	0.96	0.14	0.96	0.96	0.82	0.97	0.89	0.82	0.9	0.76	-0.63	0.9	0.5	0.7	0.95	0.74	0.83	0.76	0.94	-0.58		0.81	0.85	0.95	0.91	-0.44
Property Plant Equipment	0.87	0.16	0.85	0.89	0.75	0.9	0.97	0.97	0.74	0.75	-0.39	0.94	0.84	0.59	0.85	0.86	0.71	0.54	0.82	-0.64	0.81		0.7	0.82	0.79	-0.35
Common Stock Shares Outstanding	0.93	-0.31	0.82	0.9	0.82	0.82	0.82	0.64	0.91	0.75	-0.51	0.81	0.44	0.9	0.87	0.55	0.89	0.8	0.92	-0.56	0.85	0.7		0.96	0.93	-0.47
Net Invested Capital	0.99	-0.07	0.93	0.98	0.86	0.94	0.93	0.81	0.96	0.78	-0.57	0.92	0.57	0.83	0.94	0.65	0.9	0.8	0.99	-0.62	0.95	0.82	0.96		0.98	-0.46
Net Working Capital	0.97	-0.01	0.9	0.97	0.83	0.92	0.91	0.8	0.99	0.7	-0.59	0.88	0.55	0.79	0.89	0.54	0.86	0.77	1.0	-0.57	0.91	0.79	0.93	0.98		-0.38
Short Term Debt	-0.43	0.36	-0.42	-0.41	-0.38	-0.32	-0.4	-0.38	-0.31	-0.87	0.31	-0.33	-0.27	-0.78	-0.46	-0.5	-0.78	-0.26	-0.36	0.89	-0.44	-0.35	-0.47	-0.46	-0.38

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Zhejiang Tailin Account Relationship Matchups

Zhejiang Tailin fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	266.9M	540.0M	655.9M	922.7M	973.5M	545.0M
Other Current Liab	18.0M	59.1M	103.8M	4.5M	5.1M	4.9M
Total Current Liabilities	37.8M	95.3M	153.5M	129.3M	161.8M	99.5M
Total Stockholder Equity	229.1M	444.2M	497.4M	647.5M	648.8M	402.1M
Net Tangible Assets	182.6M	217.2M	432.6M	485.0M	557.8M	285.1M
Retained Earnings	147.1M	164.3M	217.4M	254.0M	248.6M	170.9M
Accounts Payable	12.2M	14.1M	16.7M	14.3M	14.8M	13.5M
Cash	51.9M	322.2M	302.5M	577.2M	397.0M	251.4M
Non Current Assets Total	116.4M	113.7M	141.4M	159.1M	334.8M	351.5M
Non Currrent Assets Other	116.4M	1.4M	3.5M	3.0M	7.4M	7.1M
Other Assets	13.1M	15.5M	15.9M	23.0M	26.5M	14.6M
Net Receivables	44.9M	17.9M	57.7M	42.6M	36.1M	39.2M
Inventory	42.3M	63.2M	122.4M	111.2M	160.6M	83.4M
Other Current Assets	11.3M	10.4M	11.8M	4.3M	20.7M	10.5M
Total Liab	37.8M	95.7M	158.5M	275.2M	323.3M	339.4M
Deferred Long Term Liab	3.5M	3.2M	3.1M	8.5M	9.7M	4.9M
Total Current Assets	150.5M	426.3M	514.5M	763.5M	638.8M	396.3M
Intangible Assets	11.9M	11.6M	12.4M	11.8M	11.3M	9.6M
Property Plant Equipment	88.2M	89.0M	86.2M	106.0M	121.9M	79.7M
Net Invested Capital	229.1M	444.2M	497.4M	792.9M	806.4M	492.0M
Net Working Capital	112.7M	331.0M	361.0M	634.2M	476.9M	327.3M

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Other Information on Investing in Zhejiang Stock

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

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Zhejiang Cash vs Total Stockholder Equity Analysis

Cash vs Total Stockholder Equity

Cash vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Cash

Total Stockholder Equity

Zhejiang Tailin fundamental ratios Correlations

Zhejiang Tailin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Tailin fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Net Working Capital	+ 1.0	Total Current Assets
Total Stockholder Equity	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Net Invested Capital	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Cash

Intangible Assets	- 0.91	Non Current Assets Total
Short Term Debt	- 0.87	Non Current Assets Total
Intangible Assets	- 0.82	Total Liab
Intangible Assets	- 0.79	Non Current Liabilities Total
Short Term Debt	- 0.78	Total Liab
Short Term Debt	- 0.78	Non Current Liabilities Total