Sichuan Total Current Assets vs Net Working Capital Analysis

603317 Stock

13.82 0.21 1.54%

Sichuan Teway financial indicator trend analysis is much more than just breaking down Sichuan Teway Food prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sichuan Teway Food is a good investment. Please check the relationship between Sichuan Teway Total Current Assets and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sichuan Teway Food. 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.

Total Current Assets vs Net Working Capital

Total Current Assets vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sichuan Teway Food Total Current Assets account and Net Working Capital. At this time, the significance of the direction appears to have totally related.

The correlation between Sichuan Teway's Total Current Assets and Net Working Capital is 0.99. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Sichuan Teway Food, assuming nothing else is changed. The correlation between historical values of Sichuan Teway's Total Current Assets and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Sichuan Teway Food are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Current Assets i.e., Sichuan Teway's Total Current Assets and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Net Working Capital

Most indicators from Sichuan Teway's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sichuan Teway Food 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 Sichuan Teway Food. 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 November 29, 2024, Tax Provision is expected to decline to about 53.2 M. In addition to that, Selling General Administrative is expected to decline to about 376.2 M

	2021	2022	2023	2024 (projected)
Net Interest Income	34.8M	18.2M	11.7M	12.4M
Tax Provision	31.7M	63.2M	70.0M	53.2M

Net Interest Income Tax Provision

Sichuan Teway fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Non Current Liabilities Other	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Long Term Debt	Capital Stock
Total Assets		0.55	0.95	1.0	0.87	1.0	0.98	0.84	0.56	0.9	0.87	0.87	0.52	0.79	-0.14	0.95	0.98	0.91	0.94	0.98	0.83	0.83	1.0	0.96	0.93	0.95
Other Current Liab	0.55		0.54	0.55	0.33	0.54	0.59	0.22	0.45	0.39	0.28	0.35	0.5	0.59	0.02	0.54	0.58	0.42	0.37	0.45	0.23	0.09	0.53	0.55	0.33	0.3
Total Current Liabilities	0.95	0.54		0.93	0.75	0.93	0.94	0.87	0.36	0.94	0.75	0.87	0.3	0.75	-0.12	1.0	0.89	0.78	0.91	0.94	0.86	0.87	0.93	0.84	0.89	0.94
Total Stockholder Equity	1.0	0.55	0.93		0.88	1.0	0.98	0.82	0.59	0.88	0.88	0.85	0.56	0.79	-0.14	0.93	0.99	0.93	0.94	0.98	0.81	0.81	1.0	0.97	0.92	0.94
Other Liab	0.87	0.33	0.75	0.88		0.88	0.82	0.71	0.44	0.83	0.96	0.69	0.72	0.53	-0.13	0.76	0.84	0.97	0.86	0.92	0.75	0.71	0.88	0.84	0.78	0.88
Net Tangible Assets	1.0	0.54	0.93	1.0	0.88		0.97	0.81	0.57	0.89	0.86	0.86	0.52	0.78	-0.14	0.94	0.98	0.92	0.93	0.98	0.79	0.83	0.99	0.96	0.93	0.94
Retained Earnings	0.98	0.59	0.94	0.98	0.82	0.97		0.84	0.49	0.89	0.84	0.9	0.5	0.76	-0.07	0.95	0.96	0.85	0.89	0.95	0.83	0.8	0.98	0.93	0.93	0.92
Accounts Payable	0.84	0.22	0.87	0.82	0.71	0.81	0.84		0.3	0.85	0.81	0.8	0.28	0.63	-0.17	0.87	0.79	0.7	0.89	0.83	0.98	0.89	0.84	0.76	0.85	0.92
Cash	0.56	0.45	0.36	0.59	0.44	0.57	0.49	0.3		0.15	0.43	0.23	0.51	0.81	-0.09	0.37	0.7	0.59	0.49	0.45	0.2	0.27	0.59	0.76	0.47	0.37
Non Current Assets Total	0.9	0.39	0.94	0.88	0.83	0.89	0.89	0.85	0.15		0.82	0.88	0.35	0.51	-0.15	0.94	0.8	0.8	0.9	0.94	0.89	0.85	0.88	0.74	0.83	0.95
Other Assets	0.87	0.28	0.75	0.88	0.96	0.86	0.84	0.81	0.43	0.82		0.73	0.72	0.53	-0.15	0.75	0.84	0.93	0.88	0.9	0.84	0.72	0.89	0.84	0.79	0.89
Net Receivables	0.87	0.35	0.87	0.85	0.69	0.86	0.9	0.8	0.23	0.88	0.73		0.25	0.51	-0.29	0.87	0.8	0.7	0.8	0.87	0.81	0.86	0.85	0.77	0.93	0.88
Non Current Liabilities Total	0.52	0.5	0.3	0.56	0.72	0.52	0.5	0.28	0.51	0.35	0.72	0.25		0.33	-0.07	0.31	0.56	0.71	0.45	0.51	0.34	0.08	0.56	0.6	0.31	0.38
Inventory	0.79	0.59	0.75	0.79	0.53	0.78	0.76	0.63	0.81	0.51	0.53	0.51	0.33		0.1	0.75	0.86	0.64	0.71	0.69	0.54	0.6	0.79	0.86	0.71	0.66
Other Current Assets	-0.14	0.02	-0.12	-0.14	-0.13	-0.14	-0.07	-0.17	-0.09	-0.15	-0.15	-0.29	-0.07	0.1		-0.12	-0.13	-0.23	-0.24	-0.16	-0.17	-0.16	-0.14	-0.13	-0.19	-0.17
Total Liab	0.95	0.54	1.0	0.93	0.76	0.94	0.95	0.87	0.37	0.94	0.75	0.87	0.31	0.75	-0.12		0.9	0.79	0.91	0.94	0.86	0.87	0.93	0.84	0.89	0.94
Total Current Assets	0.98	0.58	0.89	0.99	0.84	0.98	0.96	0.79	0.7	0.8	0.84	0.8	0.56	0.86	-0.13	0.9		0.9	0.9	0.94	0.75	0.77	0.99	0.99	0.91	0.89
Non Current Liabilities Other	0.91	0.42	0.78	0.93	0.97	0.92	0.85	0.7	0.59	0.8	0.93	0.7	0.71	0.64	-0.23	0.79	0.9		0.91	0.94	0.71	0.7	0.92	0.9	0.78	0.88
Intangible Assets	0.94	0.37	0.91	0.94	0.86	0.93	0.89	0.89	0.49	0.9	0.88	0.8	0.45	0.71	-0.24	0.91	0.9	0.91		0.95	0.89	0.85	0.94	0.88	0.85	0.96
Common Stock	0.98	0.45	0.94	0.98	0.92	0.98	0.95	0.83	0.45	0.94	0.9	0.87	0.51	0.69	-0.16	0.94	0.94	0.94	0.95		0.84	0.85	0.97	0.9	0.9	0.97
Property Plant Equipment	0.83	0.23	0.86	0.81	0.75	0.79	0.83	0.98	0.2	0.89	0.84	0.81	0.34	0.54	-0.17	0.86	0.75	0.71	0.89	0.84		0.86	0.83	0.72	0.81	0.91
Common Stock Shares Outstanding	0.83	0.09	0.87	0.81	0.71	0.83	0.8	0.89	0.27	0.85	0.72	0.86	0.08	0.6	-0.16	0.87	0.77	0.7	0.85	0.85	0.86		0.82	0.73	0.92	0.94
Net Invested Capital	1.0	0.53	0.93	1.0	0.88	0.99	0.98	0.84	0.59	0.88	0.89	0.85	0.56	0.79	-0.14	0.93	0.99	0.92	0.94	0.97	0.83	0.82		0.97	0.93	0.94
Net Working Capital	0.96	0.55	0.84	0.97	0.84	0.96	0.93	0.76	0.76	0.74	0.84	0.77	0.6	0.86	-0.13	0.84	0.99	0.9	0.88	0.9	0.72	0.73	0.97		0.89	0.86
Long Term Debt	0.93	0.33	0.89	0.92	0.78	0.93	0.93	0.85	0.47	0.83	0.79	0.93	0.31	0.71	-0.19	0.89	0.91	0.78	0.85	0.9	0.81	0.92	0.93	0.89		0.93
Capital Stock	0.95	0.3	0.94	0.94	0.88	0.94	0.92	0.92	0.37	0.95	0.89	0.88	0.38	0.66	-0.17	0.94	0.89	0.88	0.96	0.97	0.91	0.94	0.94	0.86	0.93

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Sichuan Teway Account Relationship Matchups

Sichuan Teway fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.1B	4.3B	4.2B	4.8B	5.3B	3.4B
Other Current Liab	132.8M	244.7M	126.6M	331.2M	75.2M	71.4M
Total Current Liabilities	292.7M	549.2M	408.7M	784.0M	866.4M	493.8M
Total Stockholder Equity	1.8B	3.7B	3.8B	4.0B	4.3B	2.9B
Other Liab	7.7M	11.2M	17.7M	12.9M	14.9M	11.8M
Net Tangible Assets	1.8B	3.7B	3.8B	4.0B	4.6B	2.5B
Retained Earnings	942.6M	1.2B	1.2B	1.5B	1.4B	1.1B
Accounts Payable	114.4M	258.2M	242.2M	390.3M	551.0M	578.6M
Cash	676.3M	2.7B	1.3B	449.5M	466.7M	904.4M
Non Current Assets Total	400.6M	611.6M	1.1B	1.7B	1.9B	943.9M
Other Assets	4.5M	58.9M	192.0M	109.9M	126.4M	132.8M
Net Receivables	14.7M	11.2M	13.6M	17.1M	19.6M	13.5M
Non Current Liabilities Total	7.7M	11.2M	17.7M	12.9M	5.7M	11.1M
Inventory	98.3M	242.7M	108.0M	146.6M	159.3M	142.1M
Other Current Assets	12.4M	24.6M	12.6M	23.9M	7.6M	7.2M
Total Liab	300.4M	560.3M	426.4M	796.9M	872.2M	504.9M
Total Current Assets	1.7B	3.7B	3.1B	3.2B	3.4B	2.4B
Non Current Liabilities Other	2.6M	8.6M	12.3M	8.4M	9.7M	6.5M
Intangible Assets	34.2M	44.7M	45.0M	45.8M	49.7M	44.9M
Common Stock	413.2M	630.4M	754.2M	763.1M	877.5M	576.9M
Property Plant Equipment	361.9M	508.0M	713.4M	1.0B	1.2B	1.2B
Common Stock Shares Outstanding	718.9M	756.5M	754.2M	763.1M	1.1B	841.1M
Net Invested Capital	1.8B	3.7B	3.8B	4.0B	4.3B	3.1B
Net Working Capital	1.4B	3.1B	2.7B	2.4B	2.5B	2.1B
Capital Stock	413.2M	630.4M	754.2M	763.1M	1.1B	733.0M

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Other Information on Investing in Sichuan Stock

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

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Sichuan Total Current Assets vs Net Working Capital Analysis

Total Current Assets vs Net Working Capital

Total Current Assets vs Net Working Capital Correlation Analysis

Correlation Coefficient

Total Current Assets

Net Working Capital

Sichuan Teway fundamental ratios Correlations

Sichuan Teway Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sichuan Teway fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Sichuan Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Total Stockholder Equity

Other Current Assets	- 0.29	Net Receivables
Intangible Assets	- 0.24	Other Current Assets
Non Current Liabilities Other	- 0.23	Other Current Assets
Long Term Debt	- 0.19	Other Current Assets
Capital Stock	- 0.17	Other Current Assets
Property Plant Equipment	- 0.17	Other Current Assets