Shengtak Cash vs Other Stockholder Equity Analysis

300881 Stock

31.57 0.55 1.77%

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

Cash vs Other Stockholder Equity

Cash vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shengtak New Material Cash account and Other Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Shengtak New's Cash and Other Stockholder Equity is 0.89. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Shengtak New Material, assuming nothing else is changed. The correlation between historical values of Shengtak New's Cash and Other 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 Shengtak New Material are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Cash i.e., Shengtak New's Cash and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Cash

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

Other Stockholder Equity

Most indicators from Shengtak New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shengtak New 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 Shengtak New 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 52.7 M, whereas Tax Provision is forecasted to decline to about 8.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	123.5M	155.2M	279.1M	170.3M
Total Revenue	1.1B	1.2B	2.0B	1.1B

Gross Profit Total Revenue

Shengtak New fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Non Current Liabilities Total	Net Tangible Assets	Short Long Term Debt
Total Assets		0.95	-0.34	0.98	0.92	0.94	0.54	0.38	0.86	0.98	0.96	0.97	0.46	0.9	0.98	0.99	0.47	0.82	0.98	0.99	0.96	0.97	0.62	0.8	0.78	0.95
Short Long Term Debt Total	0.95		-0.18	0.97	0.77	0.98	0.66	0.63	0.79	0.94	0.86	0.98	0.3	0.77	0.9	0.95	0.4	0.66	0.98	0.92	0.98	0.9	0.43	0.92	0.61	0.98
Other Current Liab	-0.34	-0.18		-0.24	-0.52	-0.13	0.58	0.21	-0.22	-0.3	-0.38	-0.22	-0.56	-0.45	-0.42	-0.24	-0.18	-0.56	-0.22	-0.39	-0.22	-0.37	-0.64	-0.09	-0.57	-0.24
Total Current Liabilities	0.98	0.97	-0.24		0.83	0.97	0.63	0.49	0.82	0.99	0.91	0.98	0.42	0.81	0.96	0.99	0.46	0.72	1.0	0.96	0.97	0.92	0.53	0.85	0.68	0.95
Total Stockholder Equity	0.92	0.77	-0.52	0.83		0.74	0.28	0.02	0.8	0.84	0.97	0.81	0.57	0.98	0.92	0.86	0.5	0.97	0.81	0.95	0.82	0.95	0.79	0.54	0.93	0.82
Property Plant And Equipment Net	0.94	0.98	-0.13	0.97	0.74		0.7	0.63	0.82	0.95	0.83	0.99	0.22	0.72	0.88	0.96	0.37	0.6	0.98	0.89	0.95	0.88	0.37	0.94	0.57	0.94
Current Deferred Revenue	0.54	0.66	0.58	0.63	0.28	0.7		0.58	0.52	0.56	0.45	0.65	-0.19	0.34	0.43	0.61	0.26	0.15	0.64	0.48	0.62	0.49	-0.11	0.66	0.1	0.6
Net Debt	0.38	0.63	0.21	0.49	0.02	0.63	0.58		0.17	0.43	0.13	0.55	-0.24	0.01	0.3	0.45	0.07	-0.07	0.54	0.28	0.54	0.29	-0.17	0.77	-0.14	0.52
Retained Earnings	0.86	0.79	-0.22	0.82	0.8	0.82	0.52	0.17		0.84	0.89	0.83	0.28	0.83	0.85	0.82	0.11	0.64	0.83	0.85	0.76	0.81	0.34	0.73	0.68	0.82
Accounts Payable	0.98	0.94	-0.3	0.99	0.84	0.95	0.56	0.43	0.84		0.91	0.97	0.47	0.81	0.97	0.98	0.42	0.73	0.99	0.96	0.94	0.9	0.55	0.81	0.69	0.92
Cash	0.96	0.86	-0.38	0.91	0.97	0.83	0.45	0.13	0.89	0.91		0.88	0.54	0.97	0.95	0.92	0.46	0.89	0.89	0.98	0.89	0.95	0.67	0.65	0.86	0.9
Non Current Assets Total	0.97	0.98	-0.22	0.98	0.81	0.99	0.65	0.55	0.83	0.97	0.88		0.33	0.78	0.92	0.98	0.44	0.69	0.99	0.93	0.97	0.92	0.47	0.9	0.65	0.96
Non Currrent Assets Other	0.46	0.3	-0.56	0.42	0.57	0.22	-0.19	-0.24	0.28	0.47	0.54	0.33		0.49	0.54	0.41	0.45	0.6	0.38	0.51	0.4	0.41	0.72	0.02	0.64	0.39
Cash And Short Term Investments	0.9	0.77	-0.45	0.81	0.98	0.72	0.34	0.01	0.83	0.81	0.97	0.78	0.49		0.89	0.82	0.46	0.93	0.79	0.93	0.81	0.94	0.72	0.54	0.9	0.82
Net Receivables	0.98	0.9	-0.42	0.96	0.92	0.88	0.43	0.3	0.85	0.97	0.95	0.92	0.54	0.89		0.95	0.36	0.83	0.95	0.99	0.92	0.92	0.66	0.73	0.79	0.91
Inventory	0.99	0.95	-0.24	0.99	0.86	0.96	0.61	0.45	0.82	0.98	0.92	0.98	0.41	0.82	0.95		0.49	0.77	0.98	0.97	0.96	0.94	0.57	0.81	0.71	0.93
Other Current Assets	0.47	0.4	-0.18	0.46	0.5	0.37	0.26	0.07	0.11	0.42	0.46	0.44	0.45	0.46	0.36	0.49		0.59	0.42	0.47	0.51	0.55	0.57	0.16	0.5	0.41
Other Stockholder Equity	0.82	0.66	-0.56	0.72	0.97	0.6	0.15	-0.07	0.64	0.73	0.89	0.69	0.6	0.93	0.83	0.77	0.59		0.69	0.87	0.74	0.9	0.88	0.38	0.93	0.72
Total Liab	0.98	0.98	-0.22	1.0	0.81	0.98	0.64	0.54	0.83	0.99	0.89	0.99	0.38	0.79	0.95	0.98	0.42	0.69		0.95	0.97	0.91	0.48	0.88	0.65	0.95
Total Current Assets	0.99	0.92	-0.39	0.96	0.95	0.89	0.48	0.28	0.85	0.96	0.98	0.93	0.51	0.93	0.99	0.97	0.47	0.87	0.95		0.94	0.97	0.68	0.73	0.82	0.93
Short Term Debt	0.96	0.98	-0.22	0.97	0.82	0.95	0.62	0.54	0.76	0.94	0.89	0.97	0.4	0.81	0.92	0.96	0.51	0.74	0.97	0.94		0.93	0.53	0.84	0.67	0.98
Intangible Assets	0.97	0.9	-0.37	0.92	0.95	0.88	0.49	0.29	0.81	0.9	0.95	0.92	0.41	0.94	0.92	0.94	0.55	0.9	0.91	0.97	0.93		0.67	0.73	0.84	0.93
Common Stock	0.62	0.43	-0.64	0.53	0.79	0.37	-0.11	-0.17	0.34	0.55	0.67	0.47	0.72	0.72	0.66	0.57	0.57	0.88	0.48	0.68	0.53	0.67		0.14	0.88	0.47
Non Current Liabilities Total	0.8	0.92	-0.09	0.85	0.54	0.94	0.66	0.77	0.73	0.81	0.65	0.9	0.02	0.54	0.73	0.81	0.16	0.38	0.88	0.73	0.84	0.73	0.14		0.37	0.87
Net Tangible Assets	0.78	0.61	-0.57	0.68	0.93	0.57	0.1	-0.14	0.68	0.69	0.86	0.65	0.64	0.9	0.79	0.71	0.5	0.93	0.65	0.82	0.67	0.84	0.88	0.37		0.68
Short Long Term Debt	0.95	0.98	-0.24	0.95	0.82	0.94	0.6	0.52	0.82	0.92	0.9	0.96	0.39	0.82	0.91	0.93	0.41	0.72	0.95	0.93	0.98	0.93	0.47	0.87	0.68

Click cells to compare fundamentals

Shengtak New Account Relationship Matchups

Shengtak New fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	936.2M	1.2B	1.5B	1.6B	2.8B	3.0B
Short Long Term Debt Total	99.1M	121M	250.3M	154.9M	603.1M	633.3M
Other Current Liab	3.1M	668.1K	5.3M	9.6M	21.8M	19.2M
Total Current Liabilities	563.8M	416.0M	726.2M	755.0M	1.5B	1.6B
Total Stockholder Equity	372.5M	736.8M	776.1M	839.0M	923.8M	970.0M
Property Plant And Equipment Net	68.7M	68.0M	96.2M	148.3M	467.8M	491.2M
Current Deferred Revenue	15.4M	17.8M	17.9M	21.1M	76.2M	80.0M
Net Debt	(86.6M)	(141.3M)	(111.6M)	(194.1M)	142.2M	149.3M
Retained Earnings	124.8M	172.0M	206.6M	262.8M	336.4M	353.2M
Accounts Payable	446.1M	276.5M	452.7M	569.5M	1.0B	1.1B
Cash	185.7M	262.3M	361.9M	348.9M	460.9M	484.0M
Non Current Assets Total	134.3M	131.9M	229.4M	321.6M	861.2M	904.3M
Non Currrent Assets Other	47.0M	50K	56.6M	40.3M	29.7M	16.1M
Cash And Short Term Investments	185.7M	413.3M	412.7M	348.9M	460.9M	484.0M
Net Receivables	459.1M	447.3M	648.7M	639.6M	954.1M	1.0B
Liabilities And Stockholders Equity	936.2M	1.2B	1.5B	1.6B	2.8B	3.0B
Inventory	157.1M	160.3M	210.4M	280.3M	471.7M	495.3M
Other Current Assets	4.5K	3.7K	2.3M	5.5M	11.8M	12.4M
Other Stockholder Equity	166.6M	140.5M	441.8M	441.8M	431.8M	453.4M
Total Liab	563.8M	416.0M	727.3M	756.9M	1.8B	1.9B
Total Current Assets	801.9M	1.0B	1.3B	1.3B	2.0B	2.1B
Short Term Debt	99.1M	121M	250.3M	154.9M	443.3M	465.5M
Intangible Assets	13.9M	59.7M	57.7M	56.3M	106.7M	112.0M
Other Assets	24.3M	51.6M	1.0	10.7M	0.9	0.86
Net Tangible Assets	358.5M	677.2M	718.4M	782.8M	900.2M	510.6M
Short Long Term Debt	99.1M	121M	250.3M	154.9M	388.2M	407.6M
Property Plant Equipment	68.7M	68.0M	96.2M	148.3M	170.6M	94.0M
Net Invested Capital	471.6M	857.8M	1.0B	993.9M	1.5B	883.3M
Net Working Capital	238.2M	604.9M	547.9M	519.3M	423.6M	419.4M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

C	Citigroup
GM	General Motors
F	Ford Motor

Other Information on Investing in Shengtak Stock

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Shengtak Cash vs Other Stockholder Equity Analysis

Cash vs Other Stockholder Equity

Cash vs Other Stockholder Equity Correlation Analysis

Correlation Coefficient

Cash

Other Stockholder Equity

Shengtak New fundamental ratios Correlations

Shengtak New Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shengtak New fundamental ratios Accounts

Also Currently Popular

Other Information on Investing in Shengtak Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Inventory	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Inventory	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Common Stock	- 0.64	Other Current Liab
Net Tangible Assets	- 0.57	Other Current Liab
Other Stockholder Equity	- 0.56	Other Current Liab
Non Currrent Assets Other	- 0.56	Other Current Liab
Total Stockholder Equity	- 0.52	Other Current Liab
Cash And Short Term Investments	- 0.45	Other Current Liab