Shanghai Intangible Assets vs Total Stockholder Equity Analysis

688180 Stock   29.97  0.13  0.43%   
Shanghai Junshi financial indicator trend analysis is much more than just breaking down Shanghai Junshi Bios prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Junshi Bios is a good investment. Please check the relationship between Shanghai Junshi Intangible Assets and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Junshi Biosciences. 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.

Intangible Assets vs Total Stockholder Equity

Intangible Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Junshi Bios Intangible Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Shanghai Junshi's Intangible Assets and Total Stockholder Equity is 0.83. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Shanghai Junshi Biosciences, assuming nothing else is changed. The correlation between historical values of Shanghai Junshi's Intangible Assets and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Shanghai Junshi Biosciences are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Intangible Assets i.e., Shanghai Junshi's Intangible Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Shanghai Junshi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Junshi Bios 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 Shanghai Junshi Biosciences. 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.
At present, Shanghai Junshi's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Discontinued Operations is expected to grow to about 107.5 K, whereas Selling General Administrative is forecasted to decline to about 869.3 M.
 2021 2022 2023 2024 (projected)
Gross Profit2.8B927.2M835.3M1.0B
Total Revenue4.0B1.5B1.5B1.5B

Shanghai Junshi fundamental ratios Correlations

0.490.980.990.980.98-0.90.820.960.990.450.880.760.95-0.870.90.990.690.020.971.00.990.960.850.960.97
0.490.470.510.550.59-0.15-0.050.450.450.660.190.770.28-0.580.320.450.22-0.010.430.480.520.520.020.480.56
0.980.470.950.990.98-0.910.780.890.990.370.890.80.95-0.840.920.970.78-0.040.990.960.950.890.850.970.98
0.990.510.950.960.97-0.870.810.970.970.50.850.750.94-0.860.870.980.640.020.941.01.00.980.830.930.95
0.980.550.990.960.99-0.870.750.920.980.380.850.780.92-0.890.940.970.730.030.990.970.960.910.80.990.99
0.980.590.980.970.99-0.860.720.920.970.490.850.850.91-0.880.890.950.730.030.970.970.970.920.790.970.97
-0.9-0.15-0.91-0.87-0.87-0.86-0.95-0.84-0.91-0.21-0.82-0.59-0.970.77-0.9-0.9-0.850.05-0.92-0.89-0.87-0.81-0.99-0.9-0.86
0.82-0.050.780.810.750.72-0.950.820.820.110.770.350.92-0.660.820.830.66-0.010.810.830.810.790.970.780.74
0.960.450.890.970.920.92-0.840.820.910.410.790.620.9-0.870.840.920.530.120.890.970.980.990.80.90.9
0.990.450.990.970.980.97-0.910.820.910.420.910.770.96-0.840.930.990.76-0.010.980.980.960.910.860.960.98
0.450.660.370.50.380.49-0.210.110.410.420.310.720.31-0.460.180.410.280.150.310.440.470.510.170.340.4
0.880.190.890.850.850.85-0.820.770.790.910.310.630.87-0.640.820.890.640.050.880.860.840.780.80.830.84
0.760.770.80.750.780.85-0.590.350.620.770.720.630.67-0.670.580.740.69-0.140.740.730.740.680.50.740.78
0.950.280.950.940.920.91-0.970.920.90.960.310.870.67-0.760.880.970.76-0.140.940.950.930.890.950.910.91
-0.87-0.58-0.84-0.86-0.89-0.880.77-0.66-0.87-0.84-0.46-0.64-0.67-0.76-0.89-0.81-0.68-0.37-0.87-0.88-0.88-0.87-0.67-0.93-0.89
0.90.320.920.870.940.89-0.90.820.840.930.180.820.580.88-0.890.890.780.190.970.90.870.810.840.970.94
0.990.450.970.980.970.95-0.90.830.920.990.410.890.740.97-0.810.890.69-0.10.960.980.970.930.860.930.97
0.690.220.780.640.730.73-0.850.660.530.760.280.640.690.76-0.680.780.69-0.010.80.660.630.530.80.780.73
0.02-0.01-0.040.020.030.030.05-0.010.12-0.010.150.05-0.14-0.14-0.370.19-0.1-0.010.040.050.050.1-0.090.140.04
0.970.430.990.940.990.97-0.920.810.890.980.310.880.740.94-0.870.970.960.80.040.960.940.880.860.990.98
1.00.480.961.00.970.97-0.890.830.970.980.440.860.730.95-0.880.90.980.660.050.961.00.970.840.960.96
0.990.520.951.00.960.97-0.870.810.980.960.470.840.740.93-0.880.870.970.630.050.941.00.990.820.940.95
0.960.520.890.980.910.92-0.810.790.990.910.510.780.680.89-0.870.810.930.530.10.880.970.990.770.890.89
0.850.020.850.830.80.79-0.990.970.80.860.170.80.50.95-0.670.840.860.8-0.090.860.840.820.770.820.78
0.960.480.970.930.990.97-0.90.780.90.960.340.830.740.91-0.930.970.930.780.140.990.960.940.890.820.98
0.970.560.980.950.990.97-0.860.740.90.980.40.840.780.91-0.890.940.970.730.040.980.960.950.890.780.98
Click cells to compare fundamentals

Shanghai Junshi Account Relationship Matchups

Shanghai Junshi fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.4B8.0B11.1B12.6B11.4B8.3B
Other Current Liab145.1M312.9M305.8M84.1M7.5M7.1M
Total Current Liabilities578.2M1.5B2.0B1.8B2.5B1.4B
Total Stockholder Equity3.0B5.8B8.0B9.5B7.2B6.0B
Other Liab73.3M83.5M123.9M134.0M154.1M100.4M
Net Tangible Assets2.8B5.7B7.7B6.2B7.2B4.9B
Retained Earnings(2.0B)(3.7B)(4.4B)(6.8B)(9.0B)(8.6B)
Accounts Payable40.4M55.7M63.2M281.6M247.3M259.6M
Cash1.2B3.4B3.5B6.0B3.8B3.3B
Non Current Assets Total2.5B3.3B5.2B5.4B5.8B3.8B
Non Currrent Assets Other335.5M297.7M533.9M351.2M188.4M359.9M
Other Assets387.3M365.3M337.1M638.7M734.5M455.5M
Long Term Debt744.9M542.2M490M839.6M1.2B660.7M
Net Receivables172.9M663.3M1.3B232.7M479.7M452.5M
Common Stock Shares Outstanding784.1M872.5M910.8M982.9M985.7M951.7M
Non Current Liabilities Total828.5M677.0M701.9M1.0B1.5B828.0M
Inventory180.7M343.4M484.6M599.0M538.1M349.6M
Other Current Assets336.7M283.0M524.8M91.3M744.4M781.6M
Other Stockholder Equity21.7M12.5M(9.4M)209.2K188.3K178.8K
Total Liab1.4B2.2B2.7B2.8B4.0B2.2B
Net Invested Capital3.8B6.6B8.5B10.7B8.9B6.8B
Short Long Term Debt76.9M252.3M10.6M391.8M539.4M566.4M
Total Current Assets1.9B4.7B5.8B7.2B5.5B4.5B
Net Working Capital1.3B3.2B3.8B5.4B3.1B3.1B
Intangible Assets6.3M31.0M51.8M110.5M134.4M141.1M
Common Stock760.3M784.1M872.5M910.8M1.0B860.7M
Property Plant Equipment939.3M1.9B2.4B2.8B3.2B1.8B
Capital Stock784.1M872.5M910.8M982.9M985.7M971.0M

Currently Active Assets on Macroaxis

Other Information on Investing in Shanghai Stock

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