Zhejiang Net Borrowings vs Change To Netincome 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 Net Borrowings and its Change To Netincome 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.

Net Borrowings vs Change To Netincome

Net Borrowings vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Tailin Bioe Net Borrowings account and Change To Netincome. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Zhejiang Tailin's Net Borrowings and Change To Netincome is 0.52. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change To Netincome 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 Net Borrowings and Change To Netincome 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 Borrowings of Zhejiang Tailin Bioengineering are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Net Borrowings i.e., Zhejiang Tailin's Net Borrowings and Change To Netincome go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Change To Netincome

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 Income6.6M9.0M10.5M11.0M
Tax Provision6.1M261.1K3.5M3.4M

Zhejiang Tailin fundamental ratios Correlations

0.010.950.990.880.970.950.850.950.78-0.580.940.620.790.960.70.880.80.99-0.60.960.870.930.990.97-0.43
0.010.240.070.010.220.110.290.01-0.22-0.290.180.26-0.480.110.12-0.230.050.050.250.140.16-0.31-0.07-0.010.36
0.950.240.950.890.960.920.870.880.75-0.660.930.670.680.980.730.840.830.94-0.550.960.850.820.930.9-0.42
0.990.070.950.850.980.970.890.950.77-0.570.950.640.750.950.710.860.750.99-0.620.960.890.90.980.97-0.41
0.880.010.890.850.830.830.740.790.69-0.430.810.70.710.910.630.80.870.86-0.450.820.750.820.860.83-0.38
0.970.220.960.980.830.960.920.910.71-0.550.960.650.630.940.760.780.720.95-0.550.970.90.820.940.92-0.32
0.950.110.920.970.830.960.960.880.78-0.460.970.790.70.920.780.820.670.93-0.650.890.970.820.930.91-0.4
0.850.290.870.890.740.920.960.760.74-0.450.920.840.550.840.820.720.510.83-0.670.820.970.640.810.8-0.38
0.950.010.880.950.790.910.880.760.63-0.610.840.490.740.850.480.820.740.99-0.520.90.740.910.960.99-0.31
0.78-0.220.750.770.690.710.780.740.63-0.430.740.580.880.80.80.930.530.71-0.910.760.750.750.780.7-0.87
-0.58-0.29-0.66-0.57-0.43-0.55-0.46-0.45-0.61-0.43-0.46-0.17-0.45-0.56-0.28-0.57-0.48-0.60.35-0.63-0.39-0.51-0.57-0.590.31
0.940.180.930.950.810.960.970.920.840.74-0.460.760.650.950.80.770.740.91-0.550.90.940.810.920.88-0.33
0.620.260.670.640.70.650.790.840.490.58-0.170.760.410.670.650.550.490.59-0.480.50.840.440.570.55-0.27
0.79-0.480.680.750.710.630.70.550.740.88-0.450.650.410.750.50.960.640.76-0.790.70.590.90.830.79-0.78
0.960.110.980.950.910.940.920.840.850.8-0.560.950.670.750.780.860.870.92-0.560.950.850.870.940.89-0.46
0.70.120.730.710.630.760.780.820.480.8-0.280.80.650.50.780.620.440.59-0.640.740.860.550.650.54-0.5
0.88-0.230.840.860.80.780.820.720.820.93-0.570.770.550.960.860.620.710.86-0.820.830.710.890.90.86-0.78
0.80.050.830.750.870.720.670.510.740.53-0.480.740.490.640.870.440.710.79-0.20.760.540.80.80.77-0.26
0.990.050.940.990.860.950.930.830.990.71-0.60.910.590.760.920.590.860.79-0.560.940.820.920.991.0-0.36
-0.60.25-0.55-0.62-0.45-0.55-0.65-0.67-0.52-0.910.35-0.55-0.48-0.79-0.56-0.64-0.82-0.2-0.56-0.58-0.64-0.56-0.62-0.570.89
0.960.140.960.960.820.970.890.820.90.76-0.630.90.50.70.950.740.830.760.94-0.580.810.850.950.91-0.44
0.870.160.850.890.750.90.970.970.740.75-0.390.940.840.590.850.860.710.540.82-0.640.810.70.820.79-0.35
0.93-0.310.820.90.820.820.820.640.910.75-0.510.810.440.90.870.550.890.80.92-0.560.850.70.960.93-0.47
0.99-0.070.930.980.860.940.930.810.960.78-0.570.920.570.830.940.650.90.80.99-0.620.950.820.960.98-0.46
0.97-0.010.90.970.830.920.910.80.990.7-0.590.880.550.790.890.540.860.771.0-0.570.910.790.930.98-0.38
-0.430.36-0.42-0.41-0.38-0.32-0.4-0.38-0.31-0.870.31-0.33-0.27-0.78-0.46-0.5-0.78-0.26-0.360.89-0.44-0.35-0.47-0.46-0.38
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Zhejiang Tailin Account Relationship Matchups

Zhejiang Tailin fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets266.9M540.0M655.9M922.7M973.5M545.0M
Other Current Liab18.0M59.1M103.8M4.5M5.1M4.9M
Total Current Liabilities37.8M95.3M153.5M129.3M161.8M99.5M
Total Stockholder Equity229.1M444.2M497.4M647.5M648.8M402.1M
Net Tangible Assets182.6M217.2M432.6M485.0M557.8M285.1M
Retained Earnings147.1M164.3M217.4M254.0M248.6M170.9M
Accounts Payable12.2M14.1M16.7M14.3M14.8M13.5M
Cash51.9M322.2M302.5M577.2M397.0M251.4M
Non Current Assets Total116.4M113.7M141.4M159.1M334.8M351.5M
Non Currrent Assets Other116.4M1.4M3.5M3.0M7.4M7.1M
Other Assets13.1M15.5M15.9M23.0M26.5M14.6M
Net Receivables44.9M17.9M57.7M42.6M36.1M39.2M
Inventory42.3M63.2M122.4M111.2M160.6M83.4M
Other Current Assets11.3M10.4M11.8M4.3M20.7M10.5M
Total Liab37.8M95.7M158.5M275.2M323.3M339.4M
Deferred Long Term Liab3.5M3.2M3.1M8.5M9.7M4.9M
Total Current Assets150.5M426.3M514.5M763.5M638.8M396.3M
Intangible Assets11.9M11.6M12.4M11.8M11.3M9.6M
Property Plant Equipment88.2M89.0M86.2M106.0M121.9M79.7M
Net Invested Capital229.1M444.2M497.4M792.9M806.4M492.0M
Net Working Capital112.7M331.0M361.0M634.2M476.9M327.3M

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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.