Shanghai Net Receivables vs Inventory Analysis

600825 Stock   8.36  0.35  4.02%   
Shanghai Xinhua financial indicator trend analysis is much more than just breaking down Shanghai Xinhua Media prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Xinhua Media is a good investment. Please check the relationship between Shanghai Xinhua Net Receivables and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Xinhua Media. 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.

Net Receivables vs Inventory

Net Receivables vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Xinhua Media Net Receivables account and Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Shanghai Xinhua's Net Receivables and Inventory is -0.36. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Inventory in the same time period over historical financial statements of Shanghai Xinhua Media, assuming nothing else is changed. The correlation between historical values of Shanghai Xinhua's Net Receivables and Inventory 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 Receivables of Shanghai Xinhua Media are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Receivables i.e., Shanghai Xinhua's Net Receivables and Inventory go up and down completely randomly.

Correlation Coefficient

-0.36
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Receivables

Inventory

Most indicators from Shanghai Xinhua's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Xinhua Media 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 Shanghai Xinhua Media. 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 364.1 M, whereas Tax Provision is forecasted to decline to about 4.5 M.
 2021 2023 2024 (projected)
Other Operating Expenses6.4M5.8M8.8M
Gross Profit417.4M404.3M365.6M

Shanghai Xinhua fundamental ratios Correlations

0.60.870.690.010.490.440.510.80.57-0.210.60.880.760.690.70.90.59-0.32-0.230.33-0.330.130.150.130.2
0.60.70.29-0.560.420.330.070.620.66-0.310.240.610.690.240.530.58-0.07-0.48-0.660.61-0.640.560.160.560.05
0.870.70.28-0.190.160.190.240.930.61-0.350.610.980.960.290.860.760.39-0.63-0.450.63-0.640.10.410.10.35
0.690.290.280.240.830.730.570.190.330.060.090.260.10.970.150.730.380.320.15-0.230.270.12-0.30.12-0.14
0.01-0.56-0.190.24-0.17-0.120.32-0.29-0.580.25-0.26-0.15-0.330.29-0.13-0.060.20.470.86-0.710.68-0.690.05-0.690.16
0.490.420.160.83-0.170.930.210.050.540.03-0.010.110.010.730.040.650.230.32-0.20.00.060.25-0.350.25-0.15
0.440.330.190.73-0.120.930.120.00.540.13-0.120.110.00.660.050.660.190.31-0.150.040.060.02-0.210.02-0.13
0.510.070.240.570.320.210.120.24-0.180.340.260.310.180.64-0.130.260.46-0.040.4-0.420.370.010.120.01-0.41
0.80.620.930.19-0.290.050.00.240.56-0.440.790.950.960.20.850.650.44-0.68-0.490.65-0.660.210.340.210.3
0.570.660.610.33-0.580.540.54-0.180.56-0.360.360.540.550.270.620.740.16-0.46-0.730.77-0.70.41-0.040.410.27
-0.21-0.31-0.350.060.250.030.130.34-0.44-0.36-0.37-0.33-0.380.18-0.55-0.28-0.10.320.58-0.430.58-0.06-0.24-0.06-0.26
0.60.240.610.09-0.26-0.01-0.120.260.790.36-0.370.740.680.090.560.410.76-0.5-0.370.47-0.470.180.210.180.21
0.880.610.980.26-0.150.110.110.310.950.54-0.330.740.950.280.830.720.54-0.63-0.40.59-0.610.10.390.10.35
0.760.690.960.1-0.330.010.00.180.960.55-0.380.680.950.120.830.60.32-0.74-0.530.69-0.70.210.370.210.32
0.690.240.290.970.290.730.660.640.20.270.180.090.280.120.150.720.370.30.26-0.250.320.08-0.270.08-0.19
0.70.530.860.15-0.130.040.05-0.130.850.62-0.550.560.830.830.150.70.27-0.49-0.470.71-0.70.080.220.080.63
0.90.580.760.73-0.060.650.660.260.650.74-0.280.410.720.60.720.70.46-0.18-0.320.4-0.340.080.030.080.21
0.59-0.070.390.380.20.230.190.460.440.16-0.10.760.540.320.370.270.46-0.060.030.01-0.03-0.220.18-0.220.09
-0.32-0.48-0.630.320.470.320.31-0.04-0.68-0.460.32-0.5-0.63-0.740.3-0.49-0.18-0.060.56-0.680.73-0.26-0.42-0.26-0.24
-0.23-0.66-0.450.150.86-0.2-0.150.4-0.49-0.730.58-0.37-0.4-0.530.26-0.47-0.320.030.56-0.850.9-0.55-0.08-0.55-0.15
0.330.610.63-0.23-0.710.00.04-0.420.650.77-0.430.470.590.69-0.250.710.40.01-0.68-0.85-0.950.410.190.410.43
-0.33-0.64-0.640.270.680.060.060.37-0.66-0.70.58-0.47-0.61-0.70.32-0.7-0.34-0.030.730.9-0.95-0.41-0.31-0.41-0.4
0.130.560.10.12-0.690.250.020.010.210.41-0.060.180.10.210.080.080.08-0.22-0.26-0.550.41-0.41-0.461.0-0.14
0.150.160.41-0.30.05-0.35-0.210.120.34-0.04-0.240.210.390.37-0.270.220.030.18-0.42-0.080.19-0.31-0.46-0.46-0.01
0.130.560.10.12-0.690.250.020.010.210.41-0.060.180.10.210.080.080.08-0.22-0.26-0.550.41-0.411.0-0.46-0.14
0.20.050.35-0.140.16-0.15-0.13-0.410.30.27-0.260.210.350.32-0.190.630.210.09-0.24-0.150.43-0.4-0.14-0.01-0.14
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Shanghai Xinhua Account Relationship Matchups

Shanghai Xinhua fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.0B3.7B4.2B4.0B4.1B3.8B
Other Current Liab564.9M628.0M746.1M56.6M61.5M58.5M
Total Current Liabilities1.3B1.3B1.4B1.3B1.4B1.6B
Total Stockholder Equity2.7B2.4B2.6B2.5B2.5B2.0B
Retained Earnings993.6M694.9M728.3M532.1M567.9M577.3M
Accounts Payable650.7M553.8M491.7M458.4M571.6M577.6M
Cash1.3B1.4B1.0B1.1B1.2B782.2M
Other Assets247.8M288.2M255.2M251.5M289.3M274.8M
Net Receivables479.6M50.3M26.3M51.6M26.5M25.1M
Inventory345.2M311.5M301.9M317.9M415.9M260.5M
Other Current Assets24.8M10.1M8.5M13.7M10.0M9.5M
Total Liab1.3B1.3B1.5B1.5B1.6B1.7B
Intangible Assets27.6M26.4M25.4M24.6M29.5M44.9M
Property Plant Equipment282.2M199.7M187.5M315.6M284.0M332.3M
Short Term Investments246.9M446.9M682.9M481.5M658.9M568.3M
Net Tangible Assets2.3B2.4B2.4B2.6B3.0B2.5B
Deferred Long Term Liab14.8M8.0M1.2M1.8M1.6M1.5M
Total Current Assets2.4B2.5B2.4B2.3B2.5B2.6B
Non Current Assets Total1.6B1.2B1.7B1.7B1.6B1.7B
Non Currrent Assets Other1.6B104.6M311.4K35.8K32.2K30.6K
Non Current Liabilities Total31.1M37.1M192.7M195.9M161.1M85.0M
Net Invested Capital2.7B2.4B2.6B2.5B2.5B2.0B
Net Working Capital1.2B1.3B1.1B986.9M1.0B872.5M

Currently Active Assets on Macroaxis

Other Information on Investing in Shanghai Stock

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