Qumei Stock Based Compensation vs Other Non Cash Items Analysis

603818 Stock   3.73  0.23  6.57%   
Qumei Furniture financial indicator trend analysis is much more than just breaking down Qumei Furniture Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qumei Furniture Group is a good investment. Please check the relationship between Qumei Furniture Stock Based Compensation and its Other Non Cash Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Qumei Furniture Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Stock Based Compensation vs Other Non Cash Items

Stock Based Compensation vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qumei Furniture Group Stock Based Compensation account and Other Non Cash Items. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Qumei Furniture's Stock Based Compensation and Other Non Cash Items is 0.52. Overlapping area represents the amount of variation of Stock Based Compensation that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Qumei Furniture Group, assuming nothing else is changed. The correlation between historical values of Qumei Furniture's Stock Based Compensation and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Stock Based Compensation of Qumei Furniture Group are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Stock Based Compensation i.e., Qumei Furniture's Stock Based Compensation and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

Other Non Cash Items

Most indicators from Qumei Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qumei Furniture Group 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 Qumei Furniture Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of December 12, 2024, Selling General Administrative is expected to decline to about 744.1 M. The current year's Tax Provision is expected to grow to about (23.9 M)
 2021 2022 2023 2024 (projected)
Operating Income485.4M247.9M59.1M56.2M
Total Revenue5.1B4.9B4.0B3.1B

Qumei Furniture fundamental ratios Correlations

0.530.880.840.950.850.950.680.890.350.990.95-0.160.990.990.80.99-0.950.70.970.940.98-0.120.92-0.83-0.89
0.530.390.310.430.460.660.160.240.220.460.53-0.010.560.570.270.48-0.530.040.440.380.51-0.50.54-0.21-0.38
0.880.390.790.780.820.810.680.780.10.870.93-0.190.860.830.670.85-0.780.50.830.930.84-0.270.64-0.79-0.76
0.840.310.790.740.960.880.880.810.570.820.85-0.050.770.750.960.81-0.660.750.770.90.76-0.060.66-0.78-0.84
0.950.430.780.740.740.890.580.930.30.950.86-0.170.960.960.710.94-0.980.730.960.880.99-0.020.96-0.84-0.87
0.850.460.820.960.740.910.880.790.540.830.87-0.140.790.760.880.8-0.690.670.740.890.78-0.110.67-0.75-0.88
0.950.660.810.880.890.910.720.850.450.920.93-0.160.930.920.830.92-0.860.690.890.910.92-0.150.88-0.8-0.9
0.680.160.680.880.580.880.720.670.50.680.65-0.310.60.580.820.66-0.490.760.590.770.59-0.090.48-0.58-0.83
0.890.240.780.810.930.790.850.670.30.90.86-0.240.870.850.780.88-0.850.850.910.920.910.170.86-0.95-0.87
0.350.220.10.570.30.540.450.50.30.320.220.390.280.290.730.32-0.270.50.240.220.280.120.38-0.15-0.43
0.990.460.870.820.950.830.920.680.90.320.93-0.210.990.970.790.99-0.940.730.970.930.970.00.92-0.86-0.9
0.950.530.930.850.860.870.930.650.860.220.93-0.190.930.910.760.92-0.840.60.910.970.91-0.110.8-0.9-0.82
-0.16-0.01-0.19-0.05-0.17-0.14-0.16-0.31-0.240.39-0.21-0.19-0.18-0.160.11-0.20.13-0.27-0.18-0.26-0.17-0.13-0.140.240.31
0.990.560.860.770.960.790.930.60.870.280.990.93-0.181.00.730.98-0.970.660.980.910.99-0.10.94-0.82-0.86
0.990.570.830.750.960.760.920.580.850.290.970.91-0.161.00.720.97-0.980.640.970.880.99-0.140.95-0.78-0.85
0.80.270.670.960.710.880.830.820.780.730.790.760.110.730.720.79-0.650.810.750.790.730.050.68-0.71-0.79
0.990.480.850.810.940.80.920.660.880.320.990.92-0.20.980.970.79-0.930.750.990.920.96-0.040.92-0.83-0.86
-0.95-0.53-0.78-0.66-0.98-0.69-0.86-0.49-0.85-0.27-0.94-0.840.13-0.97-0.98-0.65-0.93-0.61-0.94-0.82-0.980.1-0.960.750.81
0.70.040.50.750.730.670.690.760.850.50.730.6-0.270.660.640.810.75-0.610.730.710.680.310.7-0.73-0.77
0.970.440.830.770.960.740.890.590.910.240.970.91-0.180.980.970.750.99-0.940.730.910.97-0.020.93-0.86-0.83
0.940.380.930.90.880.890.910.770.920.220.930.97-0.260.910.880.790.92-0.820.710.910.91-0.10.77-0.91-0.89
0.980.510.840.760.990.780.920.590.910.280.970.91-0.170.990.990.730.96-0.980.680.970.91-0.10.95-0.84-0.87
-0.12-0.5-0.27-0.06-0.02-0.11-0.15-0.090.170.120.0-0.11-0.13-0.1-0.140.05-0.040.10.31-0.02-0.1-0.10.05-0.250.0
0.920.540.640.660.960.670.880.480.860.380.920.8-0.140.940.950.680.92-0.960.70.930.770.950.05-0.76-0.82
-0.83-0.21-0.79-0.78-0.84-0.75-0.8-0.58-0.95-0.15-0.86-0.90.24-0.82-0.78-0.71-0.830.75-0.73-0.86-0.91-0.84-0.25-0.760.77
-0.89-0.38-0.76-0.84-0.87-0.88-0.9-0.83-0.87-0.43-0.9-0.820.31-0.86-0.85-0.79-0.860.81-0.77-0.83-0.89-0.870.0-0.820.77
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Qumei Furniture Account Relationship Matchups

Qumei Furniture fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.7B7.7B7.6B7.6B7.0B4.9B
Other Current Liab298.8M309.4M422.8M48.3M45.5M43.3M
Total Current Liabilities2.6B2.0B2.5B3.6B1.3B1.3B
Total Stockholder Equity1.5B2.2B2.0B2.2B1.9B1.6B
Other Liab841.7M770.8M713.5M637.0M732.5M769.2M
Retained Earnings751.3M855.2M1.0B965.7M661.6M679.6M
Accounts Payable318.0M391.2M442.4M282.4M291.3M244.3M
Cash657.1M709.9M544.2M815.4M721.5M514.3M
Other Assets172.4M158.8M165.9M214.8M247.1M259.4M
Long Term Debt2.3B2.3B2.2B872.8M2.8B1.8B
Net Receivables435.3M386.5M442.3M487.6M465.4M273.8M
Inventory668.5M844.9M1.1B1.0B666.2M533.2M
Other Current Assets138.2M117.8M105.1M58.9M64.9M101.8M
Total Liab5.8B5.1B5.6B5.3B4.9B3.2B
Intangible Assets2.5B2.4B2.2B2.1B2.0B1.4B
Common Stock491.4M488.7M582.9M580.4M667.5M455.4M
Property Plant Equipment1.8B1.9B1.8B1.9B2.2B1.1B
Net Tangible Assets(2.5B)(2.2B)(1.4B)(1.3B)(1.1B)(1.1B)
Deferred Long Term Liab47.6M48.7M50.2M48.8M56.1M39.8M
Total Current Assets1.9B2.2B2.3B2.5B2.0B1.9B
Non Current Assets Total5.8B5.5B5.4B5.1B5.0B4.7B
Non Currrent Assets Other24.5M25.5M34.5M36.9M43.9M38.3M
Non Current Liabilities Total3.2B3.1B3.1B1.7B3.6B2.7B
Other Stockholder Equity(135.6M)(63.1M)(138.1M)(269.5M)(242.6M)(230.5M)
Common Stock Shares Outstanding488.7M582.9M580.4M587.4M585.1M597.1M
Net Invested Capital4.0B4.5B4.5B3.3B5.0B4.4B
Net Working Capital(723.5M)201.1M(204.2M)(1.1B)648.3M680.8M
Net Debt1.9B1.7B1.9B287.7M2.3B1.6B
Good Will1.2B1.2B1.1B1.1B1.1B926.2M
Short Long Term Debt208.9M58.3M221.3M230.3M298.8M202.6M
Capital Stock488.7M582.9M580.4M587.4M585.1M607.9M
Non Current Liabilities Other2.0M806.2K1.9M351.5K316.3K300.5K

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Other Information on Investing in Qumei Stock

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