Xingguang Non Current Assets Total vs Retained Earnings 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 Non Current Assets Total and its Retained Earnings 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.

Non Current Assets Total vs Retained Earnings

Non Current Assets Total vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xingguang Agricultural Non Current Assets Total account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between Xingguang Agricultural's Non Current Assets Total and Retained Earnings is 0.68. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Retained Earnings 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 Non Current Assets Total and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Xingguang Agricultural Mach are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Non Current Assets Total i.e., Xingguang Agricultural's Non Current Assets Total and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
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
Click cells to compare fundamentals

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

Currently Active Assets on Macroaxis

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.