Flat Net Tangible Assets vs Total Assets Analysis
601865 Stock | 20.98 0.24 1.13% |
Flat Glass financial indicator trend analysis is much more than just examining Flat Glass Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Flat Glass Group is a good investment. Please check the relationship between Flat Glass Net Tangible Assets and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Flat Glass Group. 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 Tangible Assets vs Total Assets
Net Tangible Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Flat Glass Group Net Tangible Assets account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Flat Glass' Net Tangible Assets and Total Assets is 0.81. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Flat Glass Group, assuming nothing else is changed. The correlation between historical values of Flat Glass' Net Tangible Assets and Total 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 Tangible Assets of Flat Glass Group are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Tangible Assets i.e., Flat Glass' Net Tangible Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.Total Assets
Total assets refers to the total amount of Flat Glass assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Flat Glass Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Flat Glass' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Flat Glass Group 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 Flat Glass Group. 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 Issuance Of Capital Stock is expected to grow to about 6.3 B, whereas Tax Provision is forecasted to decline to about 168.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.1B | 3.4B | 4.7B | 2.5B | Total Revenue | 8.7B | 15.5B | 21.5B | 22.6B |
Flat Glass fundamental ratios Correlations
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Flat Glass Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Flat Glass fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.4B | 12.3B | 20.1B | 32.4B | 43.0B | 45.1B | |
Other Current Liab | 769.3M | 921.4M | 1.5B | 2.4B | 12.3M | 11.7M | |
Total Current Liabilities | 4.5B | 3.3B | 6.2B | 10.5B | 9.2B | 5.4B | |
Total Stockholder Equity | 4.5B | 7.2B | 11.8B | 14.0B | 22.2B | 23.3B | |
Other Liab | 132.4M | 77.1M | 129.7M | 326.2M | 375.1M | 393.9M | |
Net Tangible Assets | 4.1B | 6.7B | 11.1B | 10.2B | 11.8B | 6.5B | |
Retained Earnings | 3.2B | 4.7B | 6.5B | 8.1B | 10.0B | 5.4B | |
Accounts Payable | 1.6B | 1.4B | 2.4B | 3.5B | 4.5B | 4.7B | |
Cash | 613.0M | 1.6B | 2.8B | 2.9B | 6.6B | 6.9B | |
Non Current Assets Total | 4.9B | 6.7B | 11.2B | 20.0B | 26.1B | 27.5B | |
Other Assets | 316.0M | 654.4M | 896.8M | 2.8B | 3.3B | 3.4B | |
Long Term Debt | 281.9M | 1.6B | 2.0B | 7.5B | 10.4B | 10.9B | |
Net Receivables | 3.2B | 1.4B | 1.1B | 2.8B | 3.7B | 2.3B | |
Non Current Liabilities Total | 425.3M | 1.7B | 2.1B | 7.8B | 11.5B | 12.1B | |
Inventory | 483.6M | 479.4M | 2.3B | 2.4B | 2.0B | 1.2B | |
Other Current Assets | 142.6M | 461.0M | 986.0M | 938.8M | 1.1B | 1.1B | |
Other Stockholder Equity | 17.7M | 37.4M | 9.7M | 562.7M | 647.1M | 679.4M | |
Total Liab | 4.9B | 5.0B | 8.3B | 18.3B | 20.7B | 21.7B | |
Short Long Term Debt | 2.4B | 1.5B | 3.2B | 5.3B | 4.0B | 2.4B | |
Total Current Assets | 4.5B | 5.6B | 8.9B | 12.4B | 16.8B | 17.7B | |
Intangible Assets | 624.5M | 703.4M | 580.5M | 729.5M | 795.4M | 688.0M | |
Common Stock | 487.5M | 510.3M | 536.7M | 536.7M | 617.2M | 537.6M | |
Property Plant Equipment | 4.2B | 5.4B | 9.6B | 13.3B | 15.3B | 16.1B | |
Net Debt | 2.0B | 1.5B | 2.3B | 9.9B | 7.8B | 3.9B | |
Common Stock Shares Outstanding | 2.0B | 2.0B | 2.1B | 2.1B | 2.4B | 2.2B | |
Net Invested Capital | 7.2B | 10.3B | 17.0B | 26.8B | 36.6B | 38.5B | |
Net Working Capital | (1.3M) | 2.2B | 2.7B | 1.8B | 7.6B | 8.0B | |
Capital Stock | 487.5M | 510.3M | 536.7M | 536.7M | 587.8M | 570.0M |
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Other Information on Investing in Flat Stock
Balance Sheet is a snapshot of the financial position of Flat Glass Group at a specified time, usually calculated after every quarter, six months, or one year. Flat Glass Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Flat Glass 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 Flat currently owns. An asset can also be divided into two categories, current and non-current.