Tianjin Short Term Investments vs Intangible Assets Analysis

600082 Stock   3.32  0.11  3.43%   
Tianjin Hi financial indicator trend analysis is much more than just breaking down Tianjin Hi Tech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tianjin Hi Tech is a good investment. Please check the relationship between Tianjin Hi Short Term Investments and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tianjin Hi Tech Development. 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.

Short Term Investments vs Intangible Assets

Short Term Investments vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tianjin Hi Tech Short Term Investments account and Intangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Tianjin Hi's Short Term Investments and Intangible Assets is -0.27. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Tianjin Hi Tech Development, assuming nothing else is changed. The correlation between historical values of Tianjin Hi's Short Term Investments and Intangible 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 Short Term Investments of Tianjin Hi Tech Development are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Short Term Investments i.e., Tianjin Hi's Short Term Investments and Intangible Assets go up and down completely randomly.

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

Short Term Investments

Short Term Investments is an item under the current assets section of Tianjin Hi balance sheet. It contains any investments Tianjin Hi Tech Development undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Tianjin Hi Tech can easily liquidate in the marketplace.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Tianjin Hi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tianjin Hi Tech 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 Tianjin Hi Tech Development. 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 25.3 M. The current year's Tax Provision is expected to grow to about 4.6 M
 2021 2022 2023 2024 (projected)
Cost Of Revenue798.8M389.6M335.2M592.1M
Total Revenue911.5M493.4M461.5M715.1M

Tianjin Hi fundamental ratios Correlations

0.30.870.860.010.360.220.44-0.330.10.92-0.230.870.84-0.830.89-0.85-0.19-0.230.260.20.27-0.20.07-0.010.27
0.30.370.220.010.590.580.16-0.410.280.080.430.30.21-0.190.12-0.21-0.39-0.43-0.10.38-0.08-0.390.220.10.25
0.870.370.57-0.040.40.010.44-0.40.010.78-0.20.940.56-0.530.64-0.55-0.33-0.30.210.440.23-0.330.140.070.54
0.860.220.57-0.090.260.380.09-0.060.190.81-0.230.510.98-0.970.95-0.970.14-0.010.28-0.180.270.05-0.18-0.270.07
0.010.01-0.04-0.090.02-0.010.52-0.50.570.040.060.11-0.090.2-0.120.11-0.51-0.17-0.750.54-0.75-0.40.670.84-0.34
0.360.590.40.260.020.670.18-0.20.320.030.290.370.28-0.290.14-0.32-0.140.01-0.180.35-0.17-0.140.110.220.14
0.220.580.010.38-0.010.67-0.10.010.31-0.10.60.00.41-0.410.24-0.410.090.15-0.04-0.15-0.060.13-0.13-0.09-0.13
0.440.160.440.090.520.18-0.1-0.67-0.030.47-0.150.670.09-0.010.14-0.08-0.67-0.55-0.160.68-0.12-0.610.770.690.02
-0.33-0.41-0.4-0.06-0.5-0.20.01-0.67-0.11-0.33-0.24-0.51-0.03-0.06-0.14-0.010.930.770.42-0.850.350.94-0.74-0.7-0.08
0.10.280.010.190.570.320.31-0.03-0.110.030.03-0.020.2-0.220.02-0.27-0.090.13-0.440.2-0.440.00.20.36-0.15
0.920.080.780.810.040.03-0.10.47-0.330.03-0.480.790.76-0.760.87-0.78-0.19-0.330.290.150.32-0.240.14-0.030.25
-0.230.43-0.2-0.230.060.290.6-0.15-0.240.03-0.48-0.16-0.230.25-0.250.25-0.28-0.06-0.220.13-0.23-0.11-0.070.16-0.14
0.870.30.940.510.110.370.00.67-0.51-0.020.79-0.160.49-0.480.59-0.51-0.45-0.390.180.520.2-0.390.290.260.4
0.840.210.560.98-0.090.280.410.09-0.030.20.76-0.230.49-0.940.91-0.950.140.070.31-0.170.280.09-0.17-0.270.07
-0.83-0.19-0.53-0.970.2-0.29-0.41-0.01-0.06-0.22-0.760.25-0.48-0.94-0.911.0-0.24-0.05-0.380.28-0.38-0.180.270.36-0.1
0.890.120.640.95-0.120.140.240.14-0.140.020.87-0.250.590.91-0.91-0.910.07-0.120.33-0.150.34-0.05-0.17-0.290.1
-0.85-0.21-0.55-0.970.11-0.32-0.41-0.08-0.01-0.27-0.780.25-0.51-0.951.0-0.91-0.19-0.02-0.310.22-0.32-0.140.210.27-0.08
-0.19-0.39-0.330.14-0.51-0.140.09-0.670.93-0.09-0.19-0.28-0.450.14-0.240.07-0.190.680.43-0.880.390.85-0.83-0.76-0.13
-0.23-0.43-0.3-0.01-0.170.010.15-0.550.770.13-0.33-0.06-0.390.07-0.05-0.12-0.020.680.1-0.580.00.84-0.53-0.36-0.23
0.26-0.10.210.28-0.75-0.18-0.04-0.160.42-0.440.29-0.220.180.31-0.380.33-0.310.430.1-0.520.990.4-0.54-0.710.23
0.20.380.44-0.180.540.35-0.150.68-0.850.20.150.130.52-0.170.28-0.150.22-0.88-0.58-0.52-0.48-0.830.770.830.23
0.27-0.080.230.27-0.75-0.17-0.06-0.120.35-0.440.32-0.230.20.28-0.380.34-0.320.390.00.99-0.480.33-0.5-0.690.24
-0.2-0.39-0.330.05-0.4-0.140.13-0.610.940.0-0.24-0.11-0.390.09-0.18-0.05-0.140.850.840.4-0.830.33-0.72-0.6-0.18
0.070.220.14-0.180.670.11-0.130.77-0.740.20.14-0.070.29-0.170.27-0.170.21-0.83-0.53-0.540.77-0.5-0.720.82-0.03
-0.010.10.07-0.270.840.22-0.090.69-0.70.36-0.030.160.26-0.270.36-0.290.27-0.76-0.36-0.710.83-0.69-0.60.82-0.2
0.270.250.540.07-0.340.14-0.130.02-0.08-0.150.25-0.140.40.07-0.10.1-0.08-0.13-0.230.230.230.24-0.18-0.03-0.2
Click cells to compare fundamentals

Tianjin Hi Account Relationship Matchups

Tianjin Hi fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.9B3.1B2.8B2.8B2.9B2.6B
Other Current Liab154.3M175.6M58.0M257.6M1.6M1.5M
Total Current Liabilities916.5M1.1B914.8M930.1M1.0B904.0M
Total Stockholder Equity1.7B1.7B1.7B1.8B1.8B1.5B
Accounts Payable131.7M75.9M52.1M52.7M50.5M48.0M
Cash83.8M211.8M305.8M155.8M289.5M398.3M
Other Assets103.6M152.0M197.6M145.0M166.8M151.3M
Long Term Debt257M336.1M281.7M70.0M52.1M49.5M
Net Receivables29.3M6.1M66.2M135.9M168.9M177.3M
Inventory2.6B2.3B2.2B2.1B2.0B1.8B
Other Current Assets1.2M140.5M349.6K9.1M3.2M3.0M
Total Liab1.2B1.4B1.1B1.0B1.2B1.2B
Property Plant Equipment3.6M3.2M628.6K566.4K509.7K484.2K
Retained Earnings652.1M685.2M688.8M588.7M599.8M466.5M
Intangible Assets454.3K377.8K262.1K146.5K9.9K9.5K
Net Tangible Assets1.7B1.7B1.7B1.7B2.0B1.9B
Short Long Term Debt462M484M417M499.3M642.7M553.7M
Total Current Assets2.8B2.9B2.7B2.5B2.4B2.4B
Non Current Assets Total156.1M201.2M145.9M343.5M492.3M517.0M
Non Currrent Assets Other100.4M108.1M156.1M45.6M41.0M39.0M
Non Current Liabilities Total289.1M294.7M148.7M108.3M136.1M217.1M
Net Debt378.2M272.2M111.2M413.5M405.3M323.8M
Net Invested Capital2.2B2.2B2.2B2.3B2.5B1.9B
Net Working Capital1.8B1.8B1.8B1.5B1.4B1.4B

Currently Active Assets on Macroaxis

Other Information on Investing in Tianjin Stock

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