Shandong Good Will vs Net Tangible Assets Analysis

601019 Stock

10.59 0.05 0.47%

Shandong Publishing financial indicator trend analysis is much more than just breaking down Shandong Publishing Media prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Publishing Media is a good investment. Please check the relationship between Shandong Publishing Good Will and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Publishing 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 board of governors.

Good Will vs Net Tangible Assets

Good Will vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Publishing Media Good Will account and Net Tangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Shandong Publishing's Good Will and Net Tangible Assets is -0.48. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Shandong Publishing Media, assuming nothing else is changed. The correlation between historical values of Shandong Publishing's Good Will and Net Tangible 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 Good Will of Shandong Publishing Media are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Good Will i.e., Shandong Publishing's Good Will and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.48

Relationship Direction	Negative
Relationship Strength	Very Weak

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Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Shandong Publishing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Publishing 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 Shandong Publishing 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 board of governors.

As of December 4, 2024, Selling General Administrative is expected to decline to about 1.5 B. The current year's Tax Provision is expected to grow to about (260.5 M)

	2021	2022	2023	2024 (projected)
Operating Income	1.5B	1.7B	1.6B	1.3B
Total Revenue	10.9B	11.2B	12.2B	9.9B

Operating Income Total Revenue

Shandong Publishing fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Non Current Assets Total	Non Currrent Assets Other	Good Will	Non Current Liabilities Total	Total Current Assets	Non Current Liabilities Other
Total Assets		-0.42	0.78	0.99	-0.95	0.99	0.68	0.96	0.76	0.57	0.86	0.88	0.11	0.7	0.8	0.93	0.93	0.99	0.92	0.95	0.86	0.54	-0.52	-0.73	0.95	-0.34
Other Current Liab	-0.42		-0.09	-0.47	0.53	-0.46	-0.45	-0.38	-0.29	0.05	-0.26	-0.59	-0.18	-0.07	-0.54	-0.67	-0.3	-0.44	-0.48	-0.48	-0.49	-0.74	0.09	0.5	-0.37	0.73
Total Current Liabilities	0.78	-0.09		0.67	-0.74	0.7	0.81	0.63	0.43	0.49	0.56	0.6	-0.23	0.99	0.56	0.62	0.9	0.74	0.6	0.62	0.87	0.6	-0.8	-0.48	0.7	-0.39
Total Stockholder Equity	0.99	-0.47	0.67		-0.94	0.99	0.6	0.97	0.8	0.55	0.87	0.89	0.18	0.58	0.81	0.95	0.88	0.98	0.94	0.97	0.8	0.49	-0.41	-0.74	0.95	-0.3
Other Liab	-0.95	0.53	-0.74	-0.94		-0.93	-0.67	-0.92	-0.77	-0.63	-0.8	-0.86	-0.06	-0.67	-0.78	-0.94	-0.85	-0.95	-0.95	-0.93	-0.83	-0.67	0.51	0.86	-0.95	0.53
Retained Earnings	0.99	-0.46	0.7	0.99	-0.93		0.64	0.96	0.8	0.5	0.86	0.9	0.14	0.62	0.81	0.93	0.89	0.97	0.92	0.95	0.82	0.5	-0.47	-0.72	0.93	-0.31
Accounts Payable	0.68	-0.45	0.81	0.6	-0.67	0.64		0.51	0.38	0.26	0.41	0.76	-0.18	0.8	0.58	0.71	0.74	0.61	0.48	0.52	0.82	0.7	-0.57	-0.34	0.51	-0.5
Cash	0.96	-0.38	0.63	0.97	-0.92	0.96	0.51		0.78	0.57	0.81	0.84	0.13	0.54	0.79	0.9	0.83	0.94	0.95	0.92	0.71	0.4	-0.35	-0.76	0.95	-0.24
Other Assets	0.76	-0.29	0.43	0.8	-0.77	0.8	0.38	0.78		0.67	0.87	0.78	0.29	0.33	0.49	0.73	0.53	0.76	0.8	0.82	0.43	0.22	-0.22	-0.71	0.81	-0.15
Net Receivables	0.57	0.05	0.49	0.55	-0.63	0.5	0.26	0.57	0.67		0.67	0.42	0.12	0.42	0.26	0.5	0.42	0.6	0.68	0.62	0.32	0.16	-0.16	-0.67	0.69	-0.12
Short Term Investments	0.86	-0.26	0.56	0.87	-0.8	0.86	0.41	0.81	0.87	0.67		0.78	0.43	0.47	0.65	0.77	0.72	0.87	0.82	0.92	0.61	0.3	-0.41	-0.68	0.88	-0.15
Inventory	0.88	-0.59	0.6	0.89	-0.86	0.9	0.76	0.84	0.78	0.42	0.78		0.2	0.53	0.82	0.93	0.73	0.83	0.79	0.83	0.71	0.53	-0.39	-0.65	0.79	-0.39
Other Current Assets	0.11	-0.18	-0.23	0.18	-0.06	0.14	-0.18	0.13	0.29	0.12	0.43	0.2		-0.28	0.17	0.2	-0.06	0.14	0.09	0.3	-0.09	-0.14	0.21	-0.07	0.14	0.14
Total Liab	0.7	-0.07	0.99	0.58	-0.67	0.62	0.8	0.54	0.33	0.42	0.47	0.53	-0.28		0.51	0.54	0.85	0.66	0.51	0.53	0.85	0.63	-0.84	-0.41	0.62	-0.43
Intangible Assets	0.8	-0.54	0.56	0.81	-0.78	0.81	0.58	0.79	0.49	0.26	0.65	0.82	0.17	0.51		0.8	0.73	0.75	0.71	0.74	0.71	0.57	-0.51	-0.65	0.73	-0.44
Common Stock	0.93	-0.67	0.62	0.95	-0.94	0.93	0.71	0.9	0.73	0.5	0.77	0.93	0.2	0.54	0.8		0.81	0.93	0.9	0.92	0.81	0.63	-0.34	-0.73	0.87	-0.47
Property Plant Equipment	0.93	-0.3	0.9	0.88	-0.85	0.89	0.74	0.83	0.53	0.42	0.72	0.73	-0.06	0.85	0.73	0.81		0.91	0.78	0.83	0.95	0.59	-0.69	-0.55	0.84	-0.34
Net Tangible Assets	0.99	-0.44	0.74	0.98	-0.95	0.97	0.61	0.94	0.76	0.6	0.87	0.83	0.14	0.66	0.75	0.93	0.91		0.95	0.98	0.86	0.56	-0.48	-0.77	0.97	-0.37
Other Stockholder Equity	0.92	-0.48	0.6	0.94	-0.95	0.92	0.48	0.95	0.8	0.68	0.82	0.79	0.09	0.51	0.71	0.9	0.78	0.95		0.94	0.71	0.51	-0.34	-0.89	0.97	-0.41
Deferred Long Term Liab	0.95	-0.48	0.62	0.97	-0.93	0.95	0.52	0.92	0.82	0.62	0.92	0.83	0.3	0.53	0.74	0.92	0.83	0.98	0.94		0.77	0.49	-0.39	-0.77	0.95	-0.33
Non Current Assets Total	0.86	-0.49	0.87	0.8	-0.83	0.82	0.82	0.71	0.43	0.32	0.61	0.71	-0.09	0.85	0.71	0.81	0.95	0.86	0.71	0.77		0.78	-0.71	-0.55	0.76	-0.54
Non Currrent Assets Other	0.54	-0.74	0.6	0.49	-0.67	0.5	0.7	0.4	0.22	0.16	0.3	0.53	-0.14	0.63	0.57	0.63	0.59	0.56	0.51	0.49	0.78		-0.64	-0.61	0.51	-0.94
Good Will	-0.52	0.09	-0.8	-0.41	0.51	-0.47	-0.57	-0.35	-0.22	-0.16	-0.41	-0.39	0.21	-0.84	-0.51	-0.34	-0.69	-0.48	-0.34	-0.39	-0.71	-0.64		0.37	-0.49	0.53
Non Current Liabilities Total	-0.73	0.5	-0.48	-0.74	0.86	-0.72	-0.34	-0.76	-0.71	-0.67	-0.68	-0.65	-0.07	-0.41	-0.65	-0.73	-0.55	-0.77	-0.89	-0.77	-0.55	-0.61	0.37		-0.87	0.62
Total Current Assets	0.95	-0.37	0.7	0.95	-0.95	0.93	0.51	0.95	0.81	0.69	0.88	0.79	0.14	0.62	0.73	0.87	0.84	0.97	0.97	0.95	0.76	0.51	-0.49	-0.87		-0.38
Non Current Liabilities Other	-0.34	0.73	-0.39	-0.3	0.53	-0.31	-0.5	-0.24	-0.15	-0.12	-0.15	-0.39	0.14	-0.43	-0.44	-0.47	-0.34	-0.37	-0.41	-0.33	-0.54	-0.94	0.53	0.62	-0.38

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Shandong Publishing Account Relationship Matchups

Shandong Publishing fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	16.1B	17.6B	19.6B	20.6B	22.9B	15.6B
Other Current Liab	1.4B	1.9B	2.5B	2.4B	113.7M	108.0M
Total Current Liabilities	4.1B	4.9B	5.9B	6.0B	6.6B	5.0B
Total Stockholder Equity	10.8B	11.5B	12.4B	13.4B	14.9B	9.1B
Other Liab	1.4B	1.3B	1.2B	1.2B	1.1B	1.1B
Retained Earnings	6.5B	7.2B	8.1B	8.3B	9.8B	5.5B
Accounts Payable	1.9B	2.1B	2.2B	2.0B	3.4B	2.2B
Cash	5.5B	6.7B	7.3B	7.7B	6.9B	5.4B
Other Assets	926.0M	1.0B	960.4M	602.0M	692.3M	714.5M
Net Receivables	1.8B	1.8B	1.6B	1.6B	1.4B	1.6B
Inventory	1.7B	1.7B	1.8B	1.7B	2.1B	1.7B
Other Current Assets	206.7M	282.7M	196.8M	244.6M	96.9M	92.1M
Total Liab	5.4B	6.1B	7.2B	7.2B	8.0B	6.5B
Intangible Assets	761.3M	737.8M	764.9M	912.4M	846.6M	840.6M
Property Plant Equipment	2.5B	2.6B	3.6B	4.0B	4.6B	2.5B
Net Tangible Assets	10.0B	10.7B	11.6B	12.4B	14.3B	9.6B
Other Stockholder Equity	(98.0M)	11.8M	31.7M	23.4M	26.9M	28.2M
Deferred Long Term Liab	133.8M	136.5M	123.2M	138.7M	159.5M	115.2M
Non Current Assets Total	4.5B	4.8B	5.7B	6.8B	10.0B	5.9B
Non Currrent Assets Other	388.1M	516.6M	425.1M	914.8M	3.6B	3.8B
Non Current Liabilities Total	1.3B	1.2B	1.3B	1.3B	1.3B	1.1B
Total Current Assets	11.6B	12.8B	13.9B	13.8B	12.9B	12.7B
Net Invested Capital	10.8B	11.6B	12.4B	13.5B	14.9B	12.8B
Net Working Capital	7.5B	7.9B	8.0B	7.8B	6.2B	8.0B
Short Long Term Debt	43.8M	65.9M	24.3M	116.6M	79.8M	81.4M

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

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Shandong Good Will vs Net Tangible Assets Analysis

Good Will vs Net Tangible Assets

Good Will vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Good Will

Net Tangible Assets

Shandong Publishing fundamental ratios Correlations

Shandong Publishing Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shandong Publishing fundamental ratios Accounts

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Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Retained Earnings	+ 0.99	Total Stockholder Equity
Net Tangible Assets	+ 0.98	Total Stockholder Equity

Total Current Assets	- 0.95	Other Liab
Other Stockholder Equity	- 0.95	Other Liab
Net Tangible Assets	- 0.95	Other Liab
Other Liab	- 0.95	Total Assets
Non Current Liabilities Other	- 0.94	Non Currrent Assets Other
Common Stock	- 0.94	Other Liab