Shanghai Total Revenue vs Total Current Assets Analysis

603365 Stock

16.44 0.42 2.49%

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 Total Revenue and its Total Current 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.

Total Revenue vs Total Current Assets

Total Revenue vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Shuixing Home Total Revenue account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Shanghai Shuixing's Total Revenue and Total Current Assets is 0.97. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Current 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 Total Revenue and Total Current 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 Total Revenue of Shanghai Shuixing Home are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Revenue i.e., Shanghai Shuixing's Total Revenue and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Revenue

Total revenue comprises all receipts Shanghai Shuixing Home generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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.

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 December 1, 2024, 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

	2021	2022	2023	2024 (projected)
Operating Income	457.1M	306.5M	400.8M	327.9M
Total Revenue	3.8B	3.7B	4.2B	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		-0.65	0.68	1.0	0.87	0.98	0.89	0.94	0.91	0.8	0.89	0.92	0.21	0.66	0.69	0.95	0.94	1.0	0.86	0.91	-0.96	0.76	-0.96	0.99	-0.96	-0.2
Other Current Liab	-0.65		-0.22	-0.68	-0.51	-0.64	-0.66	-0.65	-0.54	-0.84	-0.62	-0.53	-0.2	-0.14	-0.77	-0.78	-0.52	-0.65	-0.52	-0.46	0.65	-0.23	0.63	-0.64	0.64	0.23
Total Current Liabilities	0.68	-0.22		0.63	0.82	0.71	0.53	0.66	0.71	0.42	0.68	0.73	-0.16	0.98	0.33	0.51	0.72	0.62	0.61	0.69	-0.58	0.91	-0.54	0.7	-0.53	-0.35
Total Stockholder Equity	1.0	-0.68	0.63		0.85	0.97	0.9	0.94	0.89	0.82	0.88	0.91	0.24	0.61	0.71	0.97	0.93	1.0	0.86	0.9	-0.96	0.72	-0.97	0.99	-0.97	-0.19
Other Liab	0.87	-0.51	0.82	0.85		0.91	0.68	0.78	0.87	0.67	0.86	0.91	-0.05	0.8	0.51	0.78	0.88	0.85	0.83	0.88	-0.81	0.82	-0.81	0.91	-0.79	-0.53
Retained Earnings	0.98	-0.64	0.71	0.97	0.91		0.81	0.9	0.96	0.82	0.92	0.93	0.13	0.7	0.67	0.92	0.97	0.97	0.91	0.91	-0.89	0.8	-0.91	0.97	-0.89	-0.2
Accounts Payable	0.89	-0.66	0.53	0.9	0.68	0.81		0.89	0.71	0.66	0.78	0.73	0.38	0.46	0.66	0.87	0.74	0.89	0.72	0.81	-0.93	0.52	-0.93	0.88	-0.94	-0.2
Cash	0.94	-0.65	0.66	0.94	0.78	0.9	0.89		0.8	0.78	0.78	0.82	0.07	0.63	0.72	0.92	0.82	0.93	0.73	0.8	-0.94	0.7	-0.91	0.94	-0.93	-0.17
Other Assets	0.91	-0.54	0.71	0.89	0.87	0.96	0.71	0.8		0.74	0.93	0.87	0.0	0.71	0.56	0.81	0.96	0.9	0.97	0.9	-0.76	0.79	-0.8	0.88	-0.77	-0.1
Long Term Debt	0.8	-0.84	0.42	0.82	0.67	0.82	0.66	0.78	0.74		0.68	0.63	0.17	0.38	0.89	0.92	0.73	0.8	0.7	0.64	-0.75	0.47	-0.75	0.78	-0.75	-0.18
Net Receivables	0.89	-0.62	0.68	0.88	0.86	0.92	0.78	0.78	0.93	0.68		0.88	0.09	0.66	0.49	0.79	0.93	0.88	0.91	0.87	-0.77	0.71	-0.81	0.89	-0.78	-0.17
Inventory	0.92	-0.53	0.73	0.91	0.91	0.93	0.73	0.82	0.87	0.63	0.88		0.08	0.75	0.47	0.8	0.93	0.91	0.79	0.86	-0.86	0.85	-0.85	0.94	-0.83	-0.25
Other Current Assets	0.21	-0.2	-0.16	0.24	-0.05	0.13	0.38	0.07	0.0	0.17	0.09	0.08		-0.18	0.21	0.27	0.15	0.24	0.05	0.14	-0.33	-0.1	-0.33	0.19	-0.32	0.07
Total Liab	0.66	-0.14	0.98	0.61	0.8	0.7	0.46	0.63	0.71	0.38	0.66	0.75	-0.18		0.28	0.47	0.73	0.6	0.6	0.69	-0.55	0.95	-0.51	0.68	-0.5	-0.26
Intangible Assets	0.69	-0.77	0.33	0.71	0.51	0.67	0.66	0.72	0.56	0.89	0.49	0.47	0.21	0.28		0.83	0.51	0.67	0.57	0.6	-0.69	0.4	-0.7	0.65	-0.7	-0.21
Common Stock	0.95	-0.78	0.51	0.97	0.78	0.92	0.87	0.92	0.81	0.92	0.79	0.8	0.27	0.47	0.83		0.84	0.96	0.79	0.82	-0.94	0.59	-0.95	0.94	-0.95	-0.21
Property Plant Equipment	0.94	-0.52	0.72	0.93	0.88	0.97	0.74	0.82	0.96	0.73	0.93	0.93	0.15	0.73	0.51	0.84		0.94	0.9	0.88	-0.82	0.82	-0.84	0.93	-0.82	-0.1
Net Tangible Assets	1.0	-0.65	0.62	1.0	0.85	0.97	0.89	0.93	0.9	0.8	0.88	0.91	0.24	0.6	0.67	0.96	0.94		0.86	0.9	-0.96	0.72	-0.97	0.99	-0.96	-0.16
Deferred Long Term Liab	0.86	-0.52	0.61	0.86	0.83	0.91	0.72	0.73	0.97	0.7	0.91	0.79	0.05	0.6	0.57	0.79	0.9	0.86		0.93	-0.72	0.68	-0.8	0.83	-0.77	-0.15
Non Current Assets Total	0.91	-0.46	0.69	0.9	0.88	0.91	0.81	0.8	0.9	0.64	0.87	0.86	0.14	0.69	0.6	0.82	0.88	0.9	0.93		-0.84	0.78	-0.9	0.9	-0.87	-0.29
Non Currrent Assets Other	-0.96	0.65	-0.58	-0.96	-0.81	-0.89	-0.93	-0.94	-0.76	-0.75	-0.77	-0.86	-0.33	-0.55	-0.69	-0.94	-0.82	-0.96	-0.72	-0.84		-0.65	0.99	-0.97	0.99	0.3
Non Current Liabilities Total	0.76	-0.23	0.91	0.72	0.82	0.8	0.52	0.7	0.79	0.47	0.71	0.85	-0.1	0.95	0.4	0.59	0.82	0.72	0.68	0.78	-0.65		-0.62	0.76	-0.61	-0.16
Short Long Term Debt	-0.96	0.63	-0.54	-0.97	-0.81	-0.91	-0.93	-0.91	-0.8	-0.75	-0.81	-0.85	-0.33	-0.51	-0.7	-0.95	-0.84	-0.97	-0.8	-0.9	0.99	-0.62		-0.96	1.0	0.28
Total Current Assets	0.99	-0.64	0.7	0.99	0.91	0.97	0.88	0.94	0.88	0.78	0.89	0.94	0.19	0.68	0.65	0.94	0.93	0.99	0.83	0.9	-0.97	0.76	-0.96		-0.95	-0.29
Short Term Debt	-0.96	0.64	-0.53	-0.97	-0.79	-0.89	-0.94	-0.93	-0.77	-0.75	-0.78	-0.83	-0.32	-0.5	-0.7	-0.95	-0.82	-0.96	-0.77	-0.87	0.99	-0.61	1.0	-0.95		0.28
Common Stock Shares Outstanding	-0.2	0.23	-0.35	-0.19	-0.53	-0.2	-0.2	-0.17	-0.1	-0.18	-0.17	-0.25	0.07	-0.26	-0.21	-0.21	-0.1	-0.16	-0.15	-0.29	0.3	-0.16	0.28	-0.29	0.28

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Shanghai Shuixing Account Relationship Matchups

Shanghai Shuixing fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.8B	3.0B	3.5B	3.5B	3.6B	2.9B
Other Current Liab	106.0M	101.4M	190.2M	44.0M	46.1M	83.1M
Total Current Liabilities	525.7M	626.9M	724.0M	680.5M	649.3M	667.9M
Total Stockholder Equity	2.3B	2.4B	2.6B	2.8B	2.9B	2.1B
Other Liab	12.1M	18.4M	21.1M	32.1M	36.9M	38.8M
Retained Earnings	1.2B	1.2B	1.5B	1.5B	1.7B	1.2B
Accounts Payable	265.6M	374.2M	292.5M	343.6M	293.3M	305.7M
Cash	710.6M	1.0B	1.2B	1.2B	1.1B	849.6M
Other Assets	44.7M	66.3M	77.4M	83.5M	96.1M	56.6M
Net Receivables	193.4M	286.2M	216.7M	344.8M	332.6M	219.4M
Inventory	836.3M	733.1M	930.7M	1.0B	962.0M	865.5M
Other Current Assets	85.4M	121.4M	62.5M	43.0M	60.4M	57.3M
Total Liab	544.1M	648.0M	837.4M	768.4M	702.3M	709.2M
Intangible Assets	127.2M	129.2M	125.4M	118.7M	112.2M	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	680.9M	724.6M	755.7M	720.2M	641.4M	680.9M
Non Currrent Assets Other	82.4M	83.9M	694.6K	844.8K	167.6K	159.2K
Non Current Liabilities Total	18.4M	21.1M	113.4M	87.8M	53.1M	44.4M
Total Current Assets	2.1B	2.3B	2.7B	2.8B	3.0B	2.5B
Net Invested Capital	2.3B	2.4B	2.6B	2.8B	3.0B	2.7B
Net Working Capital	1.6B	1.7B	2.0B	2.1B	2.4B	2.0B

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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 Total Revenue vs Total Current Assets Analysis

Total Revenue vs Total Current Assets

Total Revenue vs Total Current Assets Correlation Analysis

Correlation Coefficient

Total Revenue

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

Total Current Assets	- 0.97	Non Currrent Assets Other
Short Long Term Debt	- 0.97	Net Tangible Assets
Short Term Debt	- 0.97	Total Stockholder Equity
Short Long Term Debt	- 0.97	Total Stockholder Equity
Total Current Assets	- 0.96	Short Long Term Debt
Short Term Debt	- 0.96	Net Tangible Assets