Sanxiang Cash vs Total Current Assets Analysis

603663 Stock   16.42  0.24  1.48%   
Sanxiang Advanced financial indicator trend analysis is much more than just breaking down Sanxiang Advanced prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sanxiang Advanced is a good investment. Please check the relationship between Sanxiang Advanced Cash and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sanxiang Advanced Materials. 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.

Cash vs Total Current Assets

Cash vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sanxiang Advanced Cash account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sanxiang Advanced's Cash and Total Current Assets is 0.79. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Sanxiang Advanced Materials, assuming nothing else is changed. The correlation between historical values of Sanxiang Advanced's Cash 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 Cash of Sanxiang Advanced Materials 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 Cash i.e., Sanxiang Advanced's Cash and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Cash

Cash refers to the most liquid asset of Sanxiang Advanced, which is listed under current asset account on Sanxiang Advanced Materials balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sanxiang Advanced customers. The amounts must be unrestricted with restricted cash listed in a different Sanxiang Advanced account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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 Sanxiang Advanced's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sanxiang Advanced 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 Sanxiang Advanced Materials. 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 Tax Provision is expected to grow to about 14.5 M, whereas Selling General Administrative is forecasted to decline to about 20 M.
 2021 2022 2023 2024 (projected)
Gross Profit244.9M332.0M297.0M178.7M
Total Revenue789.2M972.3M1.1B618.9M

Sanxiang Advanced fundamental ratios Correlations

0.70.240.940.980.810.990.60.691.00.930.691.00.410.630.70.80.870.530.85-0.010.920.940.890.750.86
0.7-0.060.640.580.720.740.890.910.660.510.50.730.320.560.460.770.640.930.72-0.090.430.820.690.840.86
0.24-0.060.20.280.120.23-0.16-0.140.260.240.240.230.310.530.140.490.43-0.070.390.10.250.140.340.030.19
0.940.640.20.880.640.920.610.750.940.970.420.930.170.630.450.670.730.420.82-0.180.790.960.770.780.7
0.980.580.280.880.810.960.470.540.990.910.750.970.460.580.770.770.870.420.810.080.970.860.890.670.83
0.810.720.120.640.810.840.640.570.790.590.790.840.720.550.890.780.780.620.79-0.060.790.730.860.740.94
0.990.740.230.920.960.840.630.730.980.90.671.00.440.630.70.830.850.590.85-0.080.890.950.870.770.89
0.60.89-0.160.610.470.640.630.870.560.420.330.620.330.540.340.660.510.760.68-0.210.310.750.580.880.72
0.690.91-0.140.750.540.570.730.870.650.60.220.720.080.470.220.630.480.810.64-0.350.370.870.530.820.7
1.00.660.260.940.990.790.980.560.650.940.670.990.390.630.690.790.870.480.850.00.920.920.890.740.84
0.930.510.240.970.910.590.90.420.60.940.450.910.120.570.470.610.740.290.76-0.090.850.890.760.650.64
0.690.50.240.420.750.790.670.330.220.670.450.670.740.470.940.670.790.490.550.510.780.50.790.390.78
1.00.730.230.930.970.841.00.620.720.990.910.670.430.630.690.820.850.570.85-0.080.90.950.870.760.88
0.410.320.310.170.460.720.440.330.080.390.120.740.430.480.770.590.590.390.410.140.50.260.510.270.62
0.630.560.530.630.580.550.630.540.470.630.570.470.630.480.390.730.840.460.760.080.470.670.720.560.64
0.70.460.140.450.770.890.70.340.220.690.470.940.690.770.390.620.740.40.590.310.830.50.80.460.8
0.80.770.490.670.770.780.830.660.630.790.610.670.820.590.730.620.850.680.850.010.650.770.840.750.9
0.870.640.430.730.870.780.850.510.480.870.740.790.850.590.840.740.850.520.840.260.810.770.930.620.86
0.530.93-0.070.420.420.620.590.760.810.480.290.490.570.390.460.40.680.520.48-0.020.290.660.50.590.77
0.850.720.390.820.810.790.850.680.640.850.760.550.850.410.760.590.850.840.48-0.090.710.830.930.890.85
-0.01-0.090.1-0.180.08-0.06-0.08-0.21-0.350.0-0.090.51-0.080.140.080.310.010.26-0.02-0.090.14-0.160.18-0.250.01
0.920.430.250.790.970.790.890.310.370.920.850.780.90.50.470.830.650.810.290.710.140.740.840.530.75
0.940.820.140.960.860.730.950.750.870.920.890.50.950.260.670.50.770.770.660.83-0.160.740.80.830.82
0.890.690.340.770.890.860.870.580.530.890.760.790.870.510.720.80.840.930.50.930.180.840.80.790.91
0.750.840.030.780.670.740.770.880.820.740.650.390.760.270.560.460.750.620.590.89-0.250.530.830.790.8
0.860.860.190.70.830.940.890.720.70.840.640.780.880.620.640.80.90.860.770.850.010.750.820.910.8
Click cells to compare fundamentals

Sanxiang Advanced Account Relationship Matchups

Sanxiang Advanced fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.0B1.3B1.5B1.8B2.0B2.1B
Short Long Term Debt Total236.9M368.1M167.2M190.0M218.5M141.2M
Other Current Liab5.5M2.0M108.1K98.9M12.4M11.7M
Total Current Liabilities345.8M302.8M237.8M431.0M619.5M650.5M
Total Stockholder Equity527.8M655.5M1.1B1.2B1.3B1.3B
Other Liab14.1M17.1M28.0M19.3M22.2M12.4M
Property Plant And Equipment Net432.2M632.3M693.6M792.8M859.7M902.7M
Net Debt194.1M302.8M53.5M117.3M183.8M193.0M
Retained Earnings256.4M298.1M372.0M488.0M533.5M560.2M
Accounts Payable90.9M110.2M99.0M199.5M306.8M322.2M
Cash42.9M65.3M113.8M72.7M64.4M53.2M
Non Current Assets Total582.7M847.2M950.3M1.1B1.2B1.3B
Non Currrent Assets Other30.9M16.8M85.7M38.3M3.3M3.2M
Other Assets39.8M25.1M15.1M30.3M34.8M17.6M
Cash And Short Term Investments42.9M65.3M194.1M97.8M112.4M61.4M
Net Receivables195.5M225.9M194.1M303.2M182.3M166.0M
Common Stock Shares Outstanding368.4M373.8M390.8M422.4M423.9M370.6M
Liabilities And Stockholders Equity1.0B1.3B1.5B1.8B2.1B2.2B
Non Current Liabilities Total120.4M280.3M111.9M76.7M55.7M60.8M
Inventory201.5M173.7M169.6M297.1M304.8M153.2M
Other Current Assets13.2M20.9M29.4M12.1M7.4M7.0M
Other Stockholder Equity81.4M164.9M496.2M417.9M480.6M504.7M
Total Liab466.2M583.1M349.7M507.7M675.2M708.9M
Total Current Assets453.1M485.8M587.1M710.2M801.9M426.1M
Short Term Debt130.7M104.9M83.4M132.6M152.5M76.7M
Intangible Assets72.7M116.0M118.0M114.5M110.5M58.3M
Common Stock190.0M192.5M215.0M302.3M347.6M365.0M
Property Plant Equipment432.2M632.3M693.6M792.8M911.7M957.3M
Net Tangible Assets417.9M502.3M928.0M1.1B1.2B660.7M
Deferred Long Term Liab1.2M1.2M1.1M1.3M1.5M761.0K
Net Invested Capital745.7M1.0B1.2B1.4B1.5B1.1B
Net Working Capital107.3M183.0M349.4M279.2M182.4M234.9M
Long Term Debt106.3M263.2M83.7M57.4M34.7M33.0M
Short Long Term Debt111.6M91.9M67.1M106.0M213.5M112.1M
Capital Stock190.0M192.5M215.0M302.3M423.9M267.5M

Currently Active Assets on Macroaxis

Other Information on Investing in Sanxiang Stock

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