Shanghai Net Tangible Assets vs Total Assets Analysis

603365 Stock

15.29 0.14 0.92%

Shanghai Shuixing financial indicator trend analysis is much more than just breaking down Shanghai Shuixing Home prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Shuixing Home is a good investment. Please check the relationship between Shanghai Shuixing 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 Shanghai Shuixing Home. 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 Shanghai Shuixing Home Net Tangible Assets account and Total Assets. At this time, the significance of the direction appears to have totally related.

The correlation between Shanghai Shuixing's Net Tangible Assets and Total Assets is 0.99. 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 Shanghai Shuixing Home, assuming nothing else is changed. The correlation between historical values of Shanghai Shuixing's 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 Shanghai Shuixing Home 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., Shanghai Shuixing's Net Tangible Assets and Total Assets go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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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 Shanghai Shuixing 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 Shanghai Shuixing Home 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 Shanghai Shuixing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Shuixing Home 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 Shuixing Home. 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.

As of February 27, 2025, Selling General Administrative is expected to decline to about 670.4 M. In addition to that, Tax Provision is expected to decline to about 65.2 M

	2022	2023	2024	2025 (projected)
Operating Income	306.5M	400.8M	460.9M	327.9M
Total Revenue	3.7B	4.2B	4.8B	3.1B

Operating Income Total Revenue

Shanghai Shuixing fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Deferred Long Term Liab	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock Shares Outstanding
Total Assets		-0.69	0.75	1.0	0.89	0.98	0.89	0.95	0.93	0.82	0.91	0.94	0.18	0.73	0.69	0.95	0.96	0.99	0.88	0.92	-0.94	0.77	-0.94	0.99	-0.93	-0.36
Other Current Liab	-0.69		-0.39	-0.71	-0.62	-0.68	-0.69	-0.69	-0.57	-0.82	-0.67	-0.61	-0.19	-0.3	-0.78	-0.78	-0.56	-0.67	-0.55	-0.54	0.69	-0.3	0.67	-0.7	0.68	0.48
Total Current Liabilities	0.75	-0.39		0.71	0.86	0.8	0.58	0.71	0.79	0.56	0.77	0.81	-0.12	0.98	0.37	0.6	0.81	0.69	0.68	0.73	-0.6	0.87	-0.57	0.78	-0.56	-0.51
Total Stockholder Equity	1.0	-0.71	0.71		0.87	0.98	0.9	0.95	0.92	0.83	0.91	0.92	0.21	0.69	0.71	0.96	0.95	1.0	0.87	0.91	-0.95	0.74	-0.95	0.99	-0.94	-0.35
Other Liab	0.89	-0.62	0.86	0.87		0.91	0.73	0.82	0.88	0.67	0.87	0.92	0.0	0.85	0.54	0.78	0.9	0.86	0.84	0.9	-0.82	0.84	-0.82	0.92	-0.8	-0.63
Retained Earnings	0.98	-0.68	0.8	0.98	0.91		0.81	0.9	0.96	0.81	0.94	0.95	0.1	0.78	0.66	0.9	0.98	0.96	0.91	0.91	-0.87	0.79	-0.87	0.98	-0.86	-0.38
Accounts Payable	0.89	-0.69	0.58	0.9	0.73	0.81		0.9	0.76	0.72	0.79	0.74	0.38	0.52	0.67	0.9	0.78	0.91	0.76	0.82	-0.93	0.56	-0.94	0.87	-0.94	-0.3
Cash	0.95	-0.69	0.71	0.95	0.82	0.9	0.9		0.83	0.8	0.81	0.84	0.06	0.69	0.72	0.93	0.85	0.95	0.76	0.82	-0.94	0.72	-0.91	0.94	-0.93	-0.3
Other Assets	0.93	-0.57	0.79	0.92	0.88	0.96	0.76	0.83		0.73	0.94	0.9	-0.01	0.79	0.59	0.82	0.97	0.91	0.97	0.94	-0.77	0.81	-0.81	0.91	-0.78	-0.29
Long Term Debt	0.82	-0.82	0.56	0.83	0.67	0.81	0.72	0.8	0.73		0.69	0.69	0.18	0.5	0.93	0.92	0.72	0.8	0.71	0.7	-0.75	0.51	-0.75	0.79	-0.75	-0.39
Net Receivables	0.91	-0.67	0.77	0.91	0.87	0.94	0.79	0.81	0.94	0.69		0.91	0.07	0.74	0.51	0.79	0.95	0.88	0.9	0.87	-0.77	0.71	-0.79	0.91	-0.77	-0.36
Inventory	0.94	-0.61	0.81	0.92	0.92	0.95	0.74	0.84	0.9	0.69	0.91		0.06	0.81	0.49	0.81	0.96	0.91	0.81	0.86	-0.83	0.83	-0.82	0.95	-0.81	-0.43
Other Current Assets	0.18	-0.19	-0.12	0.21	0.0	0.1	0.38	0.06	-0.01	0.18	0.07	0.06		-0.16	0.22	0.28	0.13	0.23	0.05	0.15	-0.33	-0.1	-0.34	0.17	-0.33	-0.02
Total Liab	0.73	-0.3	0.98	0.69	0.85	0.78	0.52	0.69	0.79	0.5	0.74	0.81	-0.16		0.33	0.56	0.81	0.68	0.67	0.73	-0.58	0.93	-0.55	0.75	-0.54	-0.42
Intangible Assets	0.69	-0.78	0.37	0.71	0.54	0.66	0.67	0.72	0.59	0.93	0.51	0.49	0.22	0.33		0.86	0.55	0.69	0.6	0.62	-0.7	0.42	-0.71	0.65	-0.71	-0.27
Common Stock	0.95	-0.78	0.6	0.96	0.78	0.9	0.9	0.93	0.82	0.92	0.79	0.81	0.28	0.56	0.86		0.84	0.96	0.8	0.85	-0.95	0.62	-0.95	0.93	-0.95	-0.36
Property Plant Equipment	0.96	-0.56	0.81	0.95	0.9	0.98	0.78	0.85	0.97	0.72	0.95	0.96	0.13	0.81	0.55	0.84		0.94	0.91	0.92	-0.84	0.84	-0.85	0.95	-0.83	-0.3
Net Tangible Assets	0.99	-0.67	0.69	1.0	0.86	0.96	0.91	0.95	0.91	0.8	0.88	0.91	0.23	0.68	0.69	0.96	0.94		0.87	0.93	-0.96	0.74	-0.97	0.98	-0.96	-0.31
Deferred Long Term Liab	0.88	-0.55	0.68	0.87	0.84	0.91	0.76	0.76	0.97	0.71	0.9	0.81	0.05	0.67	0.6	0.8	0.91	0.87		0.95	-0.74	0.71	-0.81	0.85	-0.78	-0.3
Non Current Assets Total	0.92	-0.54	0.73	0.91	0.9	0.91	0.82	0.82	0.94	0.7	0.87	0.86	0.15	0.73	0.62	0.85	0.92	0.93	0.95		-0.85	0.79	-0.9	0.9	-0.88	-0.39
Non Currrent Assets Other	-0.94	0.69	-0.6	-0.95	-0.82	-0.87	-0.93	-0.94	-0.77	-0.75	-0.77	-0.83	-0.33	-0.58	-0.7	-0.95	-0.84	-0.96	-0.74	-0.85		-0.67	0.99	-0.94	0.99	0.37
Non Current Liabilities Total	0.77	-0.3	0.87	0.74	0.84	0.79	0.56	0.72	0.81	0.51	0.71	0.83	-0.1	0.93	0.42	0.62	0.84	0.74	0.71	0.79	-0.67		-0.65	0.77	-0.63	-0.25
Short Long Term Debt	-0.94	0.67	-0.57	-0.95	-0.82	-0.87	-0.94	-0.91	-0.81	-0.75	-0.79	-0.82	-0.34	-0.55	-0.71	-0.95	-0.85	-0.97	-0.81	-0.9	0.99	-0.65		-0.93	1.0	0.35
Total Current Assets	0.99	-0.7	0.78	0.99	0.92	0.98	0.87	0.94	0.91	0.79	0.91	0.95	0.17	0.75	0.65	0.93	0.95	0.98	0.85	0.9	-0.94	0.77	-0.93		-0.93	-0.44
Short Term Debt	-0.93	0.68	-0.56	-0.94	-0.8	-0.86	-0.94	-0.93	-0.78	-0.75	-0.77	-0.81	-0.33	-0.54	-0.71	-0.95	-0.83	-0.96	-0.78	-0.88	0.99	-0.63	1.0	-0.93		0.35
Common Stock Shares Outstanding	-0.36	0.48	-0.51	-0.35	-0.63	-0.38	-0.3	-0.3	-0.29	-0.39	-0.36	-0.43	-0.02	-0.42	-0.27	-0.36	-0.3	-0.31	-0.3	-0.39	0.37	-0.25	0.35	-0.44	0.35

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Shanghai Shuixing Account Relationship Matchups

Shanghai Shuixing fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	3.0B	3.5B	3.5B	3.6B	4.2B	2.9B
Other Current Liab	101.4M	190.2M	44.0M	46.1M	41.5M	39.4M
Total Current Liabilities	626.9M	724.0M	680.5M	649.3M	746.7M	667.9M
Total Stockholder Equity	2.4B	2.6B	2.8B	2.9B	3.4B	2.1B
Other Liab	12.1M	18.4M	21.1M	32.1M	36.9M	38.8M
Retained Earnings	1.2B	1.5B	1.5B	1.7B	2.0B	1.2B
Accounts Payable	374.2M	292.5M	343.6M	293.3M	337.3M	305.7M
Cash	1.0B	1.2B	1.2B	1.1B	1.3B	849.6M
Other Assets	44.7M	66.3M	77.4M	83.5M	96.1M	56.6M
Net Receivables	286.2M	216.7M	344.8M	332.6M	382.5M	219.4M
Inventory	733.1M	930.7M	1.0B	962.0M	1.1B	865.5M
Other Current Assets	121.4M	62.5M	43.0M	60.4M	69.4M	125.3M
Total Liab	648.0M	837.4M	768.4M	702.3M	807.7M	709.2M
Intangible Assets	129.2M	125.4M	118.7M	112.2M	129.0M	128.6M
Property Plant Equipment	396.5M	407.4M	434.2M	546.7M	628.7M	381.3M
Net Tangible Assets	2.1B	2.2B	2.2B	2.5B	2.9B	1.9B
Deferred Long Term Liab	16.5M	27.3M	32.5M	27.6M	31.8M	21.9M
Non Current Assets Total	724.6M	755.7M	720.2M	641.4M	737.6M	680.9M
Non Currrent Assets Other	83.9M	694.6K	844.8K	167.6K	150.8K	143.3K
Non Current Liabilities Total	21.1M	113.4M	87.8M	53.1M	61.0M	44.4M
Total Current Assets	2.3B	2.7B	2.8B	3.0B	3.5B	2.5B
Net Invested Capital	2.4B	2.6B	2.8B	3.0B	3.4B	2.7B
Net Working Capital	1.7B	2.0B	2.1B	2.4B	2.7B	2.0B
Property Plant And Equipment Net	434.2M	546.7M	498.9M	431.0M	495.7M	510.0M
Short Term Investments	100.5M	200.3M	170.7M	363.5M	418.0M	254.6M
Property Plant And Equipment Gross	644.8M	796.5M	788.5M	759.0M	872.9M	786.2M

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Balance Sheet is a snapshot of the financial position of Shanghai Shuixing Home at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Shuixing Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Shuixing 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.

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Shanghai Net Tangible Assets vs Total Assets Analysis

Net Tangible Assets vs Total Assets

Net Tangible Assets vs Total Assets Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Total Assets

Shanghai Shuixing fundamental ratios Correlations

Shanghai Shuixing Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shanghai Shuixing fundamental ratios Accounts

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Other Information on Investing in Shanghai Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Short Term Debt	+ 1.0	Short Long Term Debt
Net Tangible Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity

Short Long Term Debt	- 0.97	Net Tangible Assets
Short Term Debt	- 0.96	Net Tangible Assets
Non Currrent Assets Other	- 0.96	Net Tangible Assets
Short Term Debt	- 0.95	Common Stock
Short Long Term Debt	- 0.95	Common Stock
Non Currrent Assets Other	- 0.95	Common Stock