Shandong Inventory vs Total Liab Analysis

601019 Stock   10.64  0.06  0.56%   
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 Inventory and its Total Liab 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.

Inventory vs Total Liab

Inventory vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Publishing Media Inventory account and Total Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Shandong Publishing's Inventory and Total Liab is 0.53. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Liab 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 Inventory and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Shandong Publishing Media are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Inventory i.e., Shandong Publishing's Inventory and Total Liab go up and down completely randomly.

Correlation Coefficient

0.53
Relationship DirectionPositive 
Relationship StrengthWeak

Inventory

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
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 Income1.5B1.7B1.6B1.3B
Total Revenue10.9B11.2B12.2B9.9B

Shandong Publishing fundamental ratios Correlations

-0.420.780.99-0.950.990.680.960.760.570.860.880.110.70.80.930.930.990.920.950.860.54-0.52-0.730.95-0.34
-0.42-0.09-0.470.53-0.46-0.45-0.38-0.290.05-0.26-0.59-0.18-0.07-0.54-0.67-0.3-0.44-0.48-0.48-0.49-0.740.090.5-0.370.73
0.78-0.090.67-0.740.70.810.630.430.490.560.6-0.230.990.560.620.90.740.60.620.870.6-0.8-0.480.7-0.39
0.99-0.470.67-0.940.990.60.970.80.550.870.890.180.580.810.950.880.980.940.970.80.49-0.41-0.740.95-0.3
-0.950.53-0.74-0.94-0.93-0.67-0.92-0.77-0.63-0.8-0.86-0.06-0.67-0.78-0.94-0.85-0.95-0.95-0.93-0.83-0.670.510.86-0.950.53
0.99-0.460.70.99-0.930.640.960.80.50.860.90.140.620.810.930.890.970.920.950.820.5-0.47-0.720.93-0.31
0.68-0.450.810.6-0.670.640.510.380.260.410.76-0.180.80.580.710.740.610.480.520.820.7-0.57-0.340.51-0.5
0.96-0.380.630.97-0.920.960.510.780.570.810.840.130.540.790.90.830.940.950.920.710.4-0.35-0.760.95-0.24
0.76-0.290.430.8-0.770.80.380.780.670.870.780.290.330.490.730.530.760.80.820.430.22-0.22-0.710.81-0.15
0.570.050.490.55-0.630.50.260.570.670.670.420.120.420.260.50.420.60.680.620.320.16-0.16-0.670.69-0.12
0.86-0.260.560.87-0.80.860.410.810.870.670.780.430.470.650.770.720.870.820.920.610.3-0.41-0.680.88-0.15
0.88-0.590.60.89-0.860.90.760.840.780.420.780.20.530.820.930.730.830.790.830.710.53-0.39-0.650.79-0.39
0.11-0.18-0.230.18-0.060.14-0.180.130.290.120.430.2-0.280.170.2-0.060.140.090.3-0.09-0.140.21-0.070.140.14
0.7-0.070.990.58-0.670.620.80.540.330.420.470.53-0.280.510.540.850.660.510.530.850.63-0.84-0.410.62-0.43
0.8-0.540.560.81-0.780.810.580.790.490.260.650.820.170.510.80.730.750.710.740.710.57-0.51-0.650.73-0.44
0.93-0.670.620.95-0.940.930.710.90.730.50.770.930.20.540.80.810.930.90.920.810.63-0.34-0.730.87-0.47
0.93-0.30.90.88-0.850.890.740.830.530.420.720.73-0.060.850.730.810.910.780.830.950.59-0.69-0.550.84-0.34
0.99-0.440.740.98-0.950.970.610.940.760.60.870.830.140.660.750.930.910.950.980.860.56-0.48-0.770.97-0.37
0.92-0.480.60.94-0.950.920.480.950.80.680.820.790.090.510.710.90.780.950.940.710.51-0.34-0.890.97-0.41
0.95-0.480.620.97-0.930.950.520.920.820.620.920.830.30.530.740.920.830.980.940.770.49-0.39-0.770.95-0.33
0.86-0.490.870.8-0.830.820.820.710.430.320.610.71-0.090.850.710.810.950.860.710.770.78-0.71-0.550.76-0.54
0.54-0.740.60.49-0.670.50.70.40.220.160.30.53-0.140.630.570.630.590.560.510.490.78-0.64-0.610.51-0.94
-0.520.09-0.8-0.410.51-0.47-0.57-0.35-0.22-0.16-0.41-0.390.21-0.84-0.51-0.34-0.69-0.48-0.34-0.39-0.71-0.640.37-0.490.53
-0.730.5-0.48-0.740.86-0.72-0.34-0.76-0.71-0.67-0.68-0.65-0.07-0.41-0.65-0.73-0.55-0.77-0.89-0.77-0.55-0.610.37-0.870.62
0.95-0.370.70.95-0.950.930.510.950.810.690.880.790.140.620.730.870.840.970.970.950.760.51-0.49-0.87-0.38
-0.340.73-0.39-0.30.53-0.31-0.5-0.24-0.15-0.12-0.15-0.390.14-0.43-0.44-0.47-0.34-0.37-0.41-0.33-0.54-0.940.530.62-0.38
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Shandong Publishing Account Relationship Matchups

Shandong Publishing fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets16.1B17.6B19.6B20.6B22.9B15.6B
Other Current Liab1.4B1.9B2.5B2.4B113.7M108.0M
Total Current Liabilities4.1B4.9B5.9B6.0B6.6B5.0B
Total Stockholder Equity10.8B11.5B12.4B13.4B14.9B9.1B
Other Liab1.4B1.3B1.2B1.2B1.1B1.1B
Retained Earnings6.5B7.2B8.1B8.3B9.8B5.5B
Accounts Payable1.9B2.1B2.2B2.0B3.4B2.2B
Cash5.5B6.7B7.3B7.7B6.9B5.4B
Other Assets926.0M1.0B960.4M602.0M692.3M714.5M
Net Receivables1.8B1.8B1.6B1.6B1.4B1.6B
Inventory1.7B1.7B1.8B1.7B2.1B1.7B
Other Current Assets206.7M282.7M196.8M244.6M96.9M92.1M
Total Liab5.4B6.1B7.2B7.2B8.0B6.5B
Intangible Assets761.3M737.8M764.9M912.4M846.6M840.6M
Property Plant Equipment2.5B2.6B3.6B4.0B4.6B2.5B
Net Tangible Assets10.0B10.7B11.6B12.4B14.3B9.6B
Other Stockholder Equity(98.0M)11.8M31.7M23.4M26.9M28.2M
Deferred Long Term Liab133.8M136.5M123.2M138.7M159.5M115.2M
Non Current Assets Total4.5B4.8B5.7B6.8B10.0B5.9B
Non Currrent Assets Other388.1M516.6M425.1M914.8M3.6B3.8B
Non Current Liabilities Total1.3B1.2B1.3B1.3B1.3B1.1B
Total Current Assets11.6B12.8B13.9B13.8B12.9B12.7B
Net Invested Capital10.8B11.6B12.4B13.5B14.9B12.8B
Net Working Capital7.5B7.9B8.0B7.8B6.2B8.0B
Short Long Term Debt43.8M65.9M24.3M116.6M79.8M81.4M

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Other Information on Investing in Shandong Stock

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.