Yantai Common Stock Shares Outstanding vs Other Current Assets Analysis

605198 Stock   30.80  3.27  9.60%   
Yantai North financial indicator trend analysis is more than just analyzing Yantai North Andre current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yantai North Andre is a good investment. Please check the relationship between Yantai North Common Stock Shares Outstanding and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Yantai North Andre. 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.

Common Stock Shares Outstanding vs Other Current Assets

Common Stock Shares Outstanding vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Yantai North Andre Common Stock Shares Outstanding account and Other Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Yantai North's Common Stock Shares Outstanding and Other Current Assets is 0.26. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Yantai North Andre, assuming nothing else is changed. The correlation between historical values of Yantai North's Common Stock Shares Outstanding and Other 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 Common Stock Shares Outstanding of Yantai North Andre are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Common Stock Shares Outstanding i.e., Yantai North's Common Stock Shares Outstanding and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.26
Relationship DirectionPositive 
Relationship StrengthVery Weak

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Yantai North's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yantai North Andre 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 Yantai North Andre. 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 9.2 M, whereas Selling General Administrative is forecasted to decline to about 8.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit179.7M213.1M289.0M242.1M
Total Revenue871.6M1.1B876.1M988.5M

Yantai North fundamental ratios Correlations

0.2-0.460.130.850.84-0.10.720.520.460.82-0.040.550.520.780.520.140.140.960.20.640.07-0.40.290.17-0.28
0.20.390.97-0.280.370.89-0.480.66-0.310.46-0.38-0.450.110.550.40.610.980.040.990.420.390.64-0.65-0.160.41
-0.460.390.51-0.62-0.260.61-0.69-0.11-0.67-0.15-0.22-0.73-0.79-0.04-0.040.090.5-0.560.39-0.150.060.66-0.59-0.170.46
0.130.970.51-0.330.30.9-0.520.6-0.40.39-0.4-0.52-0.030.480.40.50.99-0.020.970.350.260.69-0.64-0.180.53
0.85-0.28-0.62-0.330.62-0.520.970.120.510.540.230.660.490.450.25-0.15-0.330.89-0.270.46-0.09-0.60.620.17-0.39
0.840.37-0.260.30.620.190.460.460.190.980.040.130.560.860.630.220.310.650.370.820.17-0.320.070.33-0.06
-0.10.890.610.9-0.520.19-0.670.43-0.630.28-0.38-0.69-0.130.390.270.570.91-0.290.870.280.380.71-0.73-0.070.46
0.72-0.48-0.69-0.520.970.46-0.67-0.060.550.360.250.720.450.270.08-0.28-0.520.81-0.470.33-0.18-0.70.690.2-0.47
0.520.66-0.110.60.120.460.43-0.060.110.510.020.080.370.590.690.610.630.450.630.250.410.23-0.1-0.170.1
0.46-0.31-0.67-0.40.510.19-0.630.550.110.15-0.030.840.370.180.04-0.23-0.410.56-0.290.04-0.24-0.670.230.08-0.68
0.820.46-0.150.390.540.980.280.360.510.15-0.060.090.460.890.650.280.40.610.450.80.2-0.24-0.030.31-0.03
-0.04-0.38-0.22-0.40.230.04-0.380.250.02-0.03-0.06-0.070.25-0.210.21-0.04-0.37-0.03-0.41-0.10.14-0.120.61-0.10.14
0.55-0.45-0.73-0.520.660.13-0.690.720.080.840.09-0.070.330.09-0.1-0.17-0.520.71-0.450.01-0.18-0.660.470.16-0.73
0.520.11-0.79-0.030.490.56-0.130.450.370.370.460.250.330.30.260.18-0.020.480.110.520.11-0.330.30.29-0.09
0.780.55-0.040.480.450.860.390.270.590.180.89-0.210.090.30.680.270.480.610.560.70.17-0.17-0.250.18-0.21
0.520.4-0.040.40.250.630.270.080.690.040.650.21-0.10.260.680.090.390.390.430.380.02-0.120.06-0.050.15
0.140.610.090.5-0.150.220.57-0.280.61-0.230.28-0.04-0.170.180.270.090.580.050.510.10.920.53-0.22-0.30.18
0.140.980.50.99-0.330.310.91-0.520.63-0.410.4-0.37-0.52-0.020.480.390.58-0.020.970.340.350.71-0.62-0.20.53
0.960.04-0.56-0.020.890.65-0.290.810.450.560.61-0.030.710.480.610.390.05-0.020.040.480.0-0.430.420.08-0.37
0.20.990.390.97-0.270.370.87-0.470.63-0.290.45-0.41-0.450.110.560.430.510.970.040.440.270.61-0.67-0.130.41
0.640.42-0.150.350.460.820.280.330.250.040.8-0.10.010.520.70.380.10.340.480.440.01-0.14-0.070.50.02
0.070.390.060.26-0.090.170.38-0.180.41-0.240.20.14-0.180.110.170.020.920.350.00.270.010.4-0.04-0.290.16
-0.40.640.660.69-0.6-0.320.71-0.70.23-0.67-0.24-0.12-0.66-0.33-0.17-0.120.530.71-0.430.61-0.140.4-0.46-0.480.64
0.29-0.65-0.59-0.640.620.07-0.730.69-0.10.23-0.030.610.470.3-0.250.06-0.22-0.620.42-0.67-0.07-0.04-0.46-0.02-0.04
0.17-0.16-0.17-0.180.170.33-0.070.2-0.170.080.31-0.10.160.290.18-0.05-0.3-0.20.08-0.130.5-0.29-0.48-0.02-0.21
-0.280.410.460.53-0.39-0.060.46-0.470.1-0.68-0.030.14-0.73-0.09-0.210.150.180.53-0.370.410.020.160.64-0.04-0.21
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Yantai North Account Relationship Matchups

Yantai North fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B2.2B2.5B2.6B2.6B2.2B
Other Current Liab36.2M39.6M31.0M295.2K265.7K252.4K
Total Current Liabilities86.6M102.8M236.9M232.5M77.0M73.1M
Total Stockholder Equity1.9B2.1B2.2B2.4B2.5B1.5B
Property Plant And Equipment Net690.0M678.0M674.3M674.8M760.2M698.5M
Net Debt(328.7M)(274.1M)(187.9M)(280.3M)(252.3M)(239.7M)
Retained Earnings1.4B1.6B1.7B1.9B2.1B1.1B
Accounts Payable50.3M63.2M105.8M60.1M46.0M85.1M
Cash274.1M187.9M380.4M234.3M544.2M571.4M
Non Current Assets Total788.3M773.7M785.6M787.9M858.9M851.9M
Cash And Short Term Investments378.7M274.1M563.8M817.0M939.6M986.5M
Liabilities And Stockholders Equity1.9B2.0B2.2B2.5B2.8B2.1B
Inventory647.0M664.5M635.5M550.8M900.9M751.3M
Other Current Assets298.0M209.0M226.0M202.4M182.2M241.8M
Other Stockholder Equity124.9M145.5M177.4M169.1M152.2M144.6M
Total Liab127.2M116.6M238.5M240.4M80.7M76.7M
Total Current Assets1.3B1.5B1.7B1.8B1.8B1.4B
Non Current Liabilities Total40.6M13.8M1.6M7.9M3.7M3.5M
Intangible Assets92.7M90.2M99.7M89.0M92.5M102.4M

Currently Active Assets on Macroaxis

Other Information on Investing in Yantai Stock

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