Shuhua Other Current Assets vs Capital Stock Analysis

605299 Stock   8.02  0.54  6.31%   
Shuhua Sports financial indicator trend analysis is much more than just breaking down Shuhua Sports prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shuhua Sports is a good investment. Please check the relationship between Shuhua Sports Other Current Assets and its Capital Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shuhua Sports Co. 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.

Other Current Assets vs Capital Stock

Other Current Assets vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shuhua Sports Other Current Assets account and Capital Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shuhua Sports' Other Current Assets and Capital Stock is 0.79. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Shuhua Sports Co, assuming nothing else is changed. The correlation between historical values of Shuhua Sports' Other Current Assets and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Shuhua Sports Co are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Other Current Assets i.e., Shuhua Sports' Other Current Assets and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from Shuhua Sports' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shuhua Sports 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 Shuhua Sports Co. 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.
As of December 24, 2024, Tax Provision is expected to decline to about 28 M. In addition to that, Selling General Administrative is expected to decline to about 135 M
 2021 2022 2023 2024 (projected)
Interest Expense4.3M5.4M3.3M6.3M
Interest Income1.1M1.5M1.5M1.2M

Shuhua Sports fundamental ratios Correlations

-0.95-0.580.96-0.660.980.930.76-0.44-0.64-0.66-0.750.96-0.950.510.67-0.650.99-0.650.990.960.94-0.82-0.720.680.73
-0.950.72-1.00.53-0.99-0.86-0.70.30.720.530.83-0.970.97-0.69-0.830.78-0.960.82-0.95-0.97-0.990.780.63-0.7-0.71
-0.580.72-0.730.56-0.7-0.4-0.070.50.850.560.88-0.780.77-0.5-0.831.0-0.60.93-0.53-0.78-0.690.790.67-0.57-0.86
0.96-1.0-0.73-0.570.990.870.69-0.34-0.74-0.57-0.830.98-0.970.650.82-0.790.97-0.810.960.980.99-0.81-0.670.720.74
-0.660.530.56-0.57-0.64-0.56-0.110.950.711.00.49-0.70.640.16-0.280.59-0.650.38-0.62-0.7-0.540.920.98-0.64-0.89
0.98-0.99-0.70.99-0.640.890.7-0.43-0.73-0.64-0.830.99-0.980.590.77-0.770.99-0.760.970.990.97-0.85-0.730.710.78
0.93-0.86-0.40.87-0.560.890.8-0.28-0.42-0.56-0.570.85-0.870.530.65-0.490.9-0.560.920.850.84-0.67-0.550.490.55
0.76-0.7-0.070.69-0.110.70.80.13-0.07-0.11-0.440.62-0.650.630.43-0.160.74-0.290.760.620.67-0.26-0.150.230.16
-0.440.30.5-0.340.95-0.43-0.280.130.640.950.41-0.510.440.36-0.090.51-0.430.23-0.39-0.51-0.310.810.92-0.52-0.84
-0.640.720.85-0.740.71-0.73-0.42-0.070.640.710.68-0.760.69-0.19-0.570.85-0.70.71-0.67-0.76-0.760.890.83-0.91-0.86
-0.660.530.56-0.571.0-0.64-0.56-0.110.950.710.49-0.70.640.16-0.280.59-0.650.38-0.62-0.7-0.540.920.98-0.64-0.89
-0.750.830.88-0.830.49-0.83-0.57-0.440.410.680.49-0.880.89-0.67-0.840.91-0.750.88-0.68-0.88-0.770.740.62-0.46-0.81
0.96-0.97-0.780.98-0.70.990.850.62-0.51-0.76-0.7-0.88-0.990.570.79-0.840.96-0.810.931.00.95-0.89-0.780.690.85
-0.950.970.77-0.970.64-0.98-0.87-0.650.440.690.640.89-0.99-0.64-0.840.83-0.940.83-0.91-0.99-0.930.840.71-0.6-0.81
0.51-0.69-0.50.650.160.590.530.630.36-0.190.16-0.670.57-0.640.86-0.540.51-0.750.480.570.62-0.180.050.080.18
0.67-0.83-0.830.82-0.280.770.650.43-0.09-0.57-0.28-0.840.79-0.840.86-0.860.67-0.970.620.790.78-0.58-0.370.370.59
-0.650.781.0-0.790.59-0.77-0.49-0.160.510.850.590.91-0.840.83-0.54-0.86-0.670.95-0.61-0.84-0.750.820.7-0.6-0.88
0.99-0.96-0.60.97-0.650.990.90.74-0.43-0.7-0.65-0.750.96-0.940.510.67-0.67-0.660.990.960.96-0.82-0.720.740.73
-0.650.820.93-0.810.38-0.76-0.56-0.290.230.710.380.88-0.810.83-0.75-0.970.95-0.66-0.61-0.81-0.780.680.49-0.49-0.71
0.99-0.95-0.530.96-0.620.970.920.76-0.39-0.67-0.62-0.680.93-0.910.480.62-0.610.99-0.610.930.96-0.79-0.690.750.68
0.96-0.97-0.780.98-0.70.990.850.62-0.51-0.76-0.7-0.881.0-0.990.570.79-0.840.96-0.810.930.95-0.89-0.780.690.85
0.94-0.99-0.690.99-0.540.970.840.67-0.31-0.76-0.54-0.770.95-0.930.620.78-0.750.96-0.780.960.95-0.79-0.650.790.7
-0.820.780.79-0.810.92-0.85-0.67-0.260.810.890.920.74-0.890.84-0.18-0.580.82-0.820.68-0.79-0.89-0.790.97-0.79-0.97
-0.720.630.67-0.670.98-0.73-0.55-0.150.920.830.980.62-0.780.710.05-0.370.7-0.720.49-0.69-0.78-0.650.97-0.75-0.95
0.68-0.7-0.570.72-0.640.710.490.23-0.52-0.91-0.64-0.460.69-0.60.080.37-0.60.74-0.490.750.690.79-0.79-0.750.68
0.73-0.71-0.860.74-0.890.780.550.16-0.84-0.86-0.89-0.810.85-0.810.180.59-0.880.73-0.710.680.850.7-0.97-0.950.68
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Shuhua Sports Account Relationship Matchups

Currently Active Assets on Macroaxis

Other Information on Investing in Shuhua Stock

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