Shenzhen Net Working Capital vs Other Current Assets Analysis

301200 Stock

34.05 0.04 0.12%

Shenzhen Hans financial indicator trend analysis is much more than just breaking down Shenzhen Hans CNC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Hans CNC is a good investment. Please check the relationship between Shenzhen Hans Net Working Capital and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Hans CNC. 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 Working Capital vs Other Current Assets

Net Working Capital vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Hans CNC Net Working Capital account and Other Current Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between Shenzhen Hans' Net Working Capital and Other Current Assets is 0.33. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Shenzhen Hans CNC, assuming nothing else is changed. The correlation between historical values of Shenzhen Hans' Net Working Capital and Other Current Assets 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 Working Capital of Shenzhen Hans CNC are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Working Capital i.e., Shenzhen Hans' Net Working Capital and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Working Capital

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Shenzhen Hans' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Hans CNC 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 Shenzhen Hans CNC. 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 January 9, 2025, Tax Provision is expected to decline to about 1.5 M. In addition to that, Selling General Administrative is expected to decline to about 210.5 M

	2022	2023	2024	2025 (projected)
Interest Expense	14.8M	5.4M	6.2M	7.8M
Interest Income	40.7M	40.8M	47.0M	49.3M

Interest Expense Interest Income

Shenzhen Hans fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Non Current Liabilities Other	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross	Short Long Term Debt
Total Assets		0.08	0.78	0.98	-0.72	0.86	0.89	0.95	0.93	0.91	0.67	0.83	0.83	0.9	0.57	0.79	0.99	1.0	0.93	0.71	0.96	0.98	0.86	0.87	0.9	0.28
Other Current Liab	0.08		0.66	-0.14	0.04	0.49	-0.32	0.03	-0.24	0.46	-0.26	-0.3	0.58	0.41	0.69	0.65	-0.04	0.09	0.22	0.67	-0.17	0.18	-0.11	0.48	-0.14	0.93
Total Current Liabilities	0.78	0.66		0.62	-0.62	0.97	0.43	0.73	0.51	0.96	0.45	0.49	0.94	0.95	0.92	1.0	0.69	0.78	0.85	0.91	0.58	0.82	0.64	0.92	0.61	0.77
Total Stockholder Equity	0.98	-0.14	0.62		-0.68	0.74	0.97	0.93	0.99	0.8	0.68	0.87	0.7	0.8	0.4	0.63	1.0	0.97	0.87	0.57	0.99	0.93	0.85	0.76	0.91	0.08
Retained Earnings	-0.72	0.04	-0.62	-0.68		-0.73	-0.55	-0.76	-0.58	-0.65	-0.9	-0.78	-0.45	-0.79	-0.68	-0.61	-0.69	-0.69	-0.84	-0.37	-0.63	-0.69	-0.88	-0.51	-0.82	-0.12
Accounts Payable	0.86	0.49	0.97	0.74	-0.73		0.58	0.78	0.63	0.96	0.53	0.61	0.9	0.99	0.88	0.97	0.79	0.87	0.95	0.89	0.71	0.86	0.72	0.9	0.69	0.6
Cash	0.89	-0.32	0.43	0.97	-0.55	0.58		0.81	0.99	0.64	0.58	0.82	0.56	0.63	0.16	0.44	0.94	0.9	0.75	0.44	0.98	0.81	0.74	0.63	0.81	-0.14
Non Current Assets Total	0.95	0.03	0.73	0.93	-0.76	0.78	0.81		0.88	0.86	0.77	0.87	0.74	0.86	0.59	0.73	0.95	0.92	0.87	0.56	0.87	0.97	0.9	0.8	0.98	0.32
Non Currrent Assets Other	0.93	-0.24	0.51	0.99	-0.58	0.63	0.99	0.88		0.72	0.62	0.84	0.64	0.69	0.25	0.52	0.97	0.93	0.78	0.49	0.99	0.88	0.79	0.71	0.86	-0.02
Net Receivables	0.91	0.46	0.96	0.8	-0.65	0.96	0.64	0.86	0.72		0.55	0.66	0.96	0.96	0.8	0.96	0.85	0.91	0.9	0.89	0.76	0.94	0.76	0.97	0.76	0.63
Good Will	0.67	-0.26	0.45	0.68	-0.9	0.53	0.58	0.77	0.62	0.55		0.87	0.35	0.62	0.45	0.44	0.68	0.63	0.66	0.2	0.62	0.67	0.95	0.46	0.86	-0.01
Common Stock Shares Outstanding	0.83	-0.3	0.49	0.87	-0.78	0.61	0.82	0.87	0.84	0.66	0.87		0.48	0.68	0.36	0.49	0.86	0.81	0.76	0.33	0.84	0.8	0.91	0.57	0.92	-0.04
Non Current Liabilities Total	0.83	0.58	0.94	0.7	-0.45	0.9	0.56	0.74	0.64	0.96	0.35	0.48		0.88	0.72	0.95	0.76	0.84	0.79	0.96	0.68	0.86	0.61	0.99	0.59	0.71
Inventory	0.9	0.41	0.95	0.8	-0.79	0.99	0.63	0.86	0.69	0.96	0.62	0.68	0.88		0.87	0.95	0.84	0.9	0.97	0.82	0.76	0.91	0.78	0.88	0.79	0.56
Other Current Assets	0.57	0.69	0.92	0.4	-0.68	0.88	0.16	0.59	0.25	0.8	0.45	0.36	0.72	0.87		0.91	0.47	0.56	0.76	0.72	0.33	0.63	0.53	0.69	0.52	0.77
Total Liab	0.79	0.65	1.0	0.63	-0.61	0.97	0.44	0.73	0.52	0.96	0.44	0.49	0.95	0.95	0.91		0.7	0.78	0.85	0.92	0.59	0.83	0.64	0.93	0.61	0.77
Net Invested Capital	0.99	-0.04	0.69	1.0	-0.69	0.79	0.94	0.95	0.97	0.85	0.68	0.86	0.76	0.84	0.47	0.7		0.99	0.9	0.63	0.98	0.96	0.86	0.82	0.91	0.18
Total Current Assets	1.0	0.09	0.78	0.97	-0.69	0.87	0.9	0.92	0.93	0.91	0.63	0.81	0.84	0.9	0.56	0.78	0.99		0.94	0.74	0.96	0.96	0.83	0.88	0.86	0.27
Capital Stock	0.93	0.22	0.85	0.87	-0.84	0.95	0.75	0.87	0.78	0.9	0.66	0.76	0.79	0.97	0.76	0.85	0.9	0.94		0.74	0.85	0.89	0.81	0.81	0.83	0.35
Non Current Liabilities Other	0.71	0.67	0.91	0.57	-0.37	0.89	0.44	0.56	0.49	0.89	0.2	0.33	0.96	0.82	0.72	0.92	0.63	0.74	0.74		0.57	0.72	0.47	0.92	0.39	0.7
Net Working Capital	0.96	-0.17	0.58	0.99	-0.63	0.71	0.98	0.87	0.99	0.76	0.62	0.84	0.68	0.76	0.33	0.59	0.98	0.96	0.85	0.57		0.89	0.8	0.74	0.85	0.02
Intangible Assets	0.98	0.18	0.82	0.93	-0.69	0.86	0.81	0.97	0.88	0.94	0.67	0.8	0.86	0.91	0.63	0.83	0.96	0.96	0.89	0.72	0.89		0.85	0.91	0.91	0.43
Property Plant And Equipment Net	0.86	-0.11	0.64	0.85	-0.88	0.72	0.74	0.9	0.79	0.76	0.95	0.91	0.61	0.78	0.53	0.64	0.86	0.83	0.81	0.47	0.8	0.85		0.7	0.92	0.14
Capital Lease Obligations	0.87	0.48	0.92	0.76	-0.51	0.9	0.63	0.8	0.71	0.97	0.46	0.57	0.99	0.88	0.69	0.93	0.82	0.88	0.81	0.92	0.74	0.91	0.7		0.67	0.64
Property Plant And Equipment Gross	0.9	-0.14	0.61	0.91	-0.82	0.69	0.81	0.98	0.86	0.76	0.86	0.92	0.59	0.79	0.52	0.61	0.91	0.86	0.83	0.39	0.85	0.91	0.92	0.67		0.15
Short Long Term Debt	0.28	0.93	0.77	0.08	-0.12	0.6	-0.14	0.32	-0.02	0.63	-0.01	-0.04	0.71	0.56	0.77	0.77	0.18	0.27	0.35	0.7	0.02	0.43	0.14	0.64	0.15

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Shenzhen Hans Account Relationship Matchups

Shenzhen Hans fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	3.0B	4.8B	7.2B	6.0B	6.9B	5.0B
Other Current Liab	135.5M	242.2M	102.7M	91.1M	82.0M	108.2M
Total Current Liabilities	1.1B	2.3B	1.3B	1.2B	1.4B	1.4B
Total Stockholder Equity	1.8B	2.4B	5.7B	4.7B	5.4B	3.5B
Retained Earnings	402.1M	870.4M	1.1B	1.4M	1.3M	1.2M
Accounts Payable	676.5M	904.4M	722.5M	649.9M	747.4M	725.2M
Cash	554.1M	219.3M	3.0B	1.9B	2.2B	1.3B
Non Current Assets Total	214.3M	858.6M	953.0M	1.3B	1.5B	779.6M
Non Currrent Assets Other	455.6K	3.7M	32.4M	22.2M	25.5M	13.2M
Net Receivables	1.1B	2.0B	1.7B	1.5B	1.7B	1.6B
Non Current Liabilities Total	34.6M	149.4M	120.7M	66.7M	76.7M	87.1M
Inventory	799.1M	1.2B	903.9M	972.1M	1.1B	912.7M
Other Current Assets	26.6M	48.7M	770.4K	21.3M	24.5M	21.5M
Total Liab	1.2B	2.5B	1.4B	1.3B	1.5B	1.5B
Net Invested Capital	1.9B	3.0B	5.7B	4.8B	5.5B	3.7B
Total Current Assets	2.8B	4.0B	6.2B	4.7B	5.4B	4.3B
Non Current Liabilities Other	18.4M	35.6M	30.1M	14.3M	16.5M	24.0M
Net Working Capital	1.7B	1.7B	4.9B	3.5B	4.0B	2.8B
Intangible Assets	3.5M	420.2M	475.8M	466.7M	536.7M	300.9M

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

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Shenzhen Net Working Capital vs Other Current Assets Analysis

Net Working Capital vs Other Current Assets

Net Working Capital vs Other Current Assets Correlation Analysis

Correlation Coefficient

Net Working Capital

Other Current Assets

Shenzhen Hans fundamental ratios Correlations

Shenzhen Hans Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen Hans fundamental ratios Accounts

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Other Information on Investing in Shenzhen Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 0.99	Total Assets
Non Currrent Assets Other	+ 0.99	Total Stockholder Equity
Net Working Capital	+ 0.99	Total Stockholder Equity

Good Will	- 0.9	Retained Earnings
Property Plant And Equipment Net	- 0.88	Retained Earnings
Capital Stock	- 0.84	Retained Earnings
Property Plant And Equipment Gross	- 0.82	Retained Earnings
Inventory	- 0.79	Retained Earnings
Common Stock Shares Outstanding	- 0.78	Retained Earnings