Xingguang Good Will vs Total Assets Analysis

603789 Stock   10.08  0.56  5.26%   
Xingguang Agricultural financial indicator trend analysis is more than just analyzing Xingguang Agricultural current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xingguang Agricultural is a good investment. Please check the relationship between Xingguang Agricultural Good Will and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xingguang Agricultural Mach. 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.

Good Will vs Total Assets

Good Will vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xingguang Agricultural Good Will account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Xingguang Agricultural's Good Will and Total Assets is -0.24. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Assets in the same time period over historical financial statements of Xingguang Agricultural Mach, assuming nothing else is changed. The correlation between historical values of Xingguang Agricultural's Good Will 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 Good Will of Xingguang Agricultural Mach 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 Good Will i.e., Xingguang Agricultural's Good Will and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Total Assets

Total assets refers to the total amount of Xingguang Agricultural 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 Xingguang Agricultural 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 Xingguang Agricultural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xingguang Agricultural 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 Xingguang Agricultural Mach. 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 7 M, whereas Selling General Administrative is forecasted to decline to about 43.4 M.

Xingguang Agricultural fundamental ratios Correlations

0.030.530.78-0.010.15-0.790.530.820.820.630.550.840.810.940.58-0.45-0.60.620.030.190.34-0.48-0.240.320.55
0.030.38-0.2-0.220.25-0.090.220.170.060.290.330.080.1-0.040.0-0.2-0.170.22-0.29-0.02-0.18-0.42-0.290.10.16
0.530.38-0.08-0.60.58-0.720.730.670.820.280.990.630.720.520.69-0.81-0.750.87-0.55-0.24-0.03-0.63-0.650.590.86
0.78-0.2-0.080.54-0.2-0.380.00.480.370.59-0.060.510.410.70.150.11-0.10.070.510.50.55-0.010.29-0.20.0
-0.01-0.22-0.60.54-0.090.47-0.81-0.17-0.450.19-0.63-0.21-0.45-0.09-0.320.840.6-0.680.880.830.680.50.9-0.8-0.65
0.150.250.58-0.2-0.090.010.140.130.27-0.110.540.170.050.040.34-0.13-0.120.17-0.10.20.24-0.260.020.240.26
-0.79-0.09-0.72-0.380.470.01-0.82-0.82-0.91-0.53-0.75-0.84-0.94-0.88-0.580.840.83-0.910.370.310.030.530.69-0.52-0.81
0.530.220.730.0-0.810.14-0.820.520.790.160.760.630.80.620.42-0.94-0.770.87-0.67-0.66-0.42-0.61-0.890.790.77
0.820.170.670.48-0.170.13-0.820.520.760.670.670.840.810.840.79-0.54-0.850.78-0.230.090.28-0.61-0.420.340.74
0.820.060.820.37-0.450.27-0.910.790.760.480.850.820.930.830.62-0.82-0.780.89-0.36-0.210.12-0.52-0.580.560.87
0.630.290.280.590.19-0.11-0.530.160.670.480.280.390.440.610.31-0.16-0.380.380.040.410.26-0.33-0.13-0.10.4
0.550.330.99-0.06-0.630.54-0.750.760.670.850.280.640.770.560.7-0.85-0.770.9-0.57-0.27-0.04-0.67-0.690.640.9
0.840.080.630.51-0.210.17-0.840.630.840.820.390.640.890.850.56-0.62-0.790.75-0.12-0.140.32-0.41-0.40.370.65
0.810.10.720.41-0.450.05-0.940.80.810.930.440.770.890.860.62-0.82-0.860.92-0.38-0.30.12-0.57-0.630.560.84
0.94-0.040.520.7-0.090.04-0.880.620.840.830.610.560.850.860.57-0.55-0.680.71-0.060.040.25-0.5-0.380.370.62
0.580.00.690.15-0.320.34-0.580.420.790.620.310.70.560.620.57-0.49-0.750.68-0.450.080.2-0.69-0.360.560.76
-0.45-0.2-0.810.110.84-0.130.84-0.94-0.54-0.82-0.16-0.85-0.62-0.82-0.55-0.490.8-0.940.720.670.330.530.89-0.71-0.86
-0.6-0.17-0.75-0.10.6-0.120.83-0.77-0.85-0.78-0.38-0.77-0.79-0.86-0.68-0.750.8-0.920.650.390.030.660.72-0.63-0.9
0.620.220.870.07-0.680.17-0.910.870.780.890.380.90.750.920.710.68-0.94-0.92-0.62-0.43-0.12-0.68-0.820.680.95
0.03-0.29-0.550.510.88-0.10.37-0.67-0.23-0.360.04-0.57-0.12-0.38-0.06-0.450.720.65-0.620.670.530.520.77-0.69-0.68
0.19-0.02-0.240.50.830.20.31-0.660.09-0.210.41-0.27-0.14-0.30.040.080.670.39-0.430.670.660.060.72-0.49-0.33
0.34-0.18-0.030.550.680.240.03-0.420.280.120.26-0.040.320.120.250.20.330.03-0.120.530.660.20.64-0.43-0.03
-0.48-0.42-0.63-0.010.5-0.260.53-0.61-0.61-0.52-0.33-0.67-0.41-0.57-0.5-0.690.530.66-0.680.520.060.20.64-0.8-0.69
-0.24-0.29-0.650.290.90.020.69-0.89-0.42-0.58-0.13-0.69-0.4-0.63-0.38-0.360.890.72-0.820.770.720.640.64-0.76-0.74
0.320.10.59-0.2-0.80.24-0.520.790.340.56-0.10.640.370.560.370.56-0.71-0.630.68-0.69-0.49-0.43-0.8-0.760.68
0.550.160.860.0-0.650.26-0.810.770.740.870.40.90.650.840.620.76-0.86-0.90.95-0.68-0.33-0.03-0.69-0.740.68
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Xingguang Agricultural Account Relationship Matchups

Xingguang Agricultural fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.7B1.4B1.3B1.1B1.3B1.4B
Other Current Liab44.9M45.0M272.4M4.5M60.8M66.9M
Total Current Liabilities555.3M453.8M613.5M519.1M697.5M449.4M
Total Stockholder Equity1.0B786.1M618.1M468.0M419.2M596.8M
Retained Earnings248.6M(28.9M)(185.1M)(403.1M)(458.8M)(435.9M)
Accounts Payable245.5M156.5M230.8M143.5M296.3M228.1M
Cash163.2M91.1M131.0M73.1M116.1M206.5M
Other Assets38.3M20.5M49.3M69.2M79.6M83.6M
Net Receivables636.0M499.5M409.8M257.2M231.7M265.6M
Inventory160.8M152.9M149.1M169.1M230.4M133.7M
Other Current Assets51.7M56.5M62.7M21.1M10.9M10.4M
Total Liab605.1M524.8M668.9M562.3M833.0M494.3M
Intangible Assets97.3M92.3M88.2M87.3M90.0M86.5M
Property Plant Equipment398.3M384.1M321.1M272.9M313.8M314.3M
Other Liab30.8M39.8M30.9M29.2M33.6M32.3M
Net Tangible Assets800.3M677.5M514.0M364.8M328.3M578.1M
Other Stockholder Equity14.8M16.5M18.1M18.8M21.6M15.5M
Deferred Long Term Liab9.2M8.4M9.7M3.9M3.5M3.4M
Total Current Assets1.0B820.0M759.9M529.7M678.3M644.2M
Non Current Assets Total702.5M581.1M571.9M546.0M618.3M504.1M
Non Currrent Assets Other3.6M1.7M1.2M21.1M352.8K335.1K
Non Current Liabilities Total49.8M71.0M55.4M43.1M135.5M142.3M
Non Current Liabilities Other10.9M6.3M6.3M5.2M4.7M6.1M
Net Invested Capital1.2B910.8M721.4M578.1M598.2M699.1M
Net Working Capital461.5M366.2M146.4M10.6M(19.2M)(18.2M)
Short Long Term Debt98.4M84.7M78.6M91.5M112.7M93.7M

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Other Information on Investing in Xingguang Stock

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