Shanghai Property Plant Equipment vs Capital Stock Analysis

688188 Stock   183.53  1.28  0.69%   
Shanghai Friendess financial indicator trend analysis is much more than just breaking down Shanghai Friendess prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Friendess is a good investment. Please check the relationship between Shanghai Friendess Property Plant Equipment and its Capital Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Friendess Electronics. 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.

Property Plant Equipment vs Capital Stock

Property Plant Equipment vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Friendess Property Plant Equipment account and Capital Stock. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shanghai Friendess' Property Plant Equipment and Capital Stock is 0.93. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Shanghai Friendess Electronics, assuming nothing else is changed. The correlation between historical values of Shanghai Friendess' Property Plant Equipment 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 Property Plant Equipment of Shanghai Friendess Electronics 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 Property Plant Equipment i.e., Shanghai Friendess' Property Plant Equipment and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Property Plant Equipment

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from Shanghai Friendess' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Friendess 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 Friendess Electronics. 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 Selling General Administrative is expected to grow to about 124.4 M, whereas Tax Provision is forecasted to decline to about 42.7 M.
 2021 2022 2023 2024 (projected)
Net Interest Income32.5M47.8M47.7M50.1M
Tax Provision64.6M58.9M73.3M42.7M

Shanghai Friendess fundamental ratios Correlations

-0.130.931.0-0.231.00.980.880.940.990.780.960.070.950.650.940.321.00.860.960.970.90.940.940.950.9
-0.13-0.22-0.12-0.3-0.11-0.140.190.01-0.150.25-0.33-0.36-0.040.52-0.240.1-0.120.26-0.14-0.070.00.020.02-0.02-0.04
0.93-0.220.93-0.390.930.980.80.920.970.660.96-0.10.940.491.00.280.930.770.860.970.750.820.820.870.91
1.0-0.120.93-0.221.00.980.890.930.990.780.960.080.950.660.930.321.00.870.960.970.910.950.950.950.89
-0.23-0.3-0.39-0.22-0.22-0.36-0.39-0.39-0.31-0.28-0.190.95-0.37-0.22-0.350.47-0.22-0.46-0.05-0.380.01-0.19-0.18-0.22-0.4
1.0-0.110.931.0-0.220.980.890.930.990.780.950.070.950.670.930.321.00.870.960.970.910.950.950.950.9
0.98-0.140.980.98-0.360.980.880.961.00.760.96-0.070.980.620.980.260.980.840.910.990.820.90.890.920.93
0.880.190.80.89-0.390.890.880.920.890.890.76-0.150.910.80.80.20.880.960.820.90.850.960.950.920.95
0.940.010.920.93-0.390.930.960.920.960.860.87-0.121.00.770.920.210.930.850.870.980.810.880.870.880.92
0.99-0.150.970.99-0.310.991.00.890.960.780.96-0.010.980.640.970.280.990.850.940.990.860.920.910.930.92
0.780.250.660.78-0.280.780.760.890.860.780.67-0.090.860.820.660.270.780.880.750.770.80.840.830.720.77
0.96-0.330.960.96-0.190.950.960.760.870.960.670.110.90.440.970.370.960.750.940.920.840.860.860.870.85
0.07-0.36-0.10.080.950.07-0.07-0.15-0.12-0.01-0.090.11-0.09-0.05-0.060.60.08-0.230.24-0.090.270.070.090.07-0.14
0.95-0.040.940.95-0.370.950.980.911.00.980.860.9-0.090.730.940.240.950.850.890.980.820.890.880.880.92
0.650.520.490.66-0.220.670.620.80.770.640.820.44-0.050.730.490.20.660.730.610.680.660.70.70.670.62
0.94-0.241.00.93-0.350.930.980.80.920.970.660.97-0.060.940.490.310.930.760.880.970.760.830.820.870.9
0.320.10.280.320.470.320.260.20.210.280.270.370.60.240.20.310.330.220.460.250.50.320.330.320.22
1.0-0.120.931.0-0.221.00.980.880.930.990.780.960.080.950.660.930.330.860.960.970.910.950.950.950.89
0.860.260.770.87-0.460.870.840.960.850.850.880.75-0.230.850.730.760.220.860.820.850.850.930.930.880.87
0.96-0.140.860.96-0.050.960.910.820.870.940.750.940.240.890.610.880.460.960.820.90.970.920.920.910.83
0.97-0.070.970.97-0.380.970.990.90.980.990.770.92-0.090.980.680.970.250.970.850.90.830.90.90.930.94
0.90.00.750.910.010.910.820.850.810.860.80.840.270.820.660.760.50.910.850.970.830.940.940.90.8
0.940.020.820.95-0.190.950.90.960.880.920.840.860.070.890.70.830.320.950.930.920.90.941.00.970.92
0.940.020.820.95-0.180.950.890.950.870.910.830.860.090.880.70.820.330.950.930.920.90.941.00.970.91
0.95-0.020.870.95-0.220.950.920.920.880.930.720.870.070.880.670.870.320.950.880.910.930.90.970.970.93
0.9-0.040.910.89-0.40.90.930.950.920.920.770.85-0.140.920.620.90.220.890.870.830.940.80.920.910.93
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Shanghai Friendess Account Relationship Matchups

Shanghai Friendess fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.2B2.6B3.1B4.5B5.3B5.6B
Other Current Liab13.0M57.5M70.8M92.1M10.1M9.6M
Total Current Liabilities54.5M116.9M148.5M197.2M313.3M328.9M
Total Stockholder Equity2.1B2.5B3.0B4.3B5.0B5.2B
Other Liab5.0M7.9M15.9M25.6K29.5K28.0K
Net Tangible Assets2.0B2.4B2.9B4.1B4.8B5.0B
Retained Earnings327.5M624.1M1.0B1.3B1.8B1.9B
Accounts Payable6.8M13.4M26.1M31.1M32.4M16.5M
Cash234.6M483.4M2.5B2.3B2.6B2.8B
Non Current Assets Total155.0M220.7M380.3M465.5M636.8M668.6M
Other Assets13.4M27.1M68.8M37.5M43.2M26.5M
Net Receivables30.4M39.3M32.8M41.0M82.7M86.8M
Non Current Liabilities Total15.9M1.1M986.8K2.9M2.9M3.8M
Inventory25.7M41.4M137.2M120.5M153.5M161.2M
Other Current Assets4.6M2.7M16.6M17.9M4.4M7.1M
Total Liab70.4M116.9M149.4M200.1M316.1M331.9M
Deferred Long Term Liab3.3M2.0M1.1M2.7M2.4M2.1M
Total Current Assets2.1B2.4B2.8B4.0B4.7B4.9B
Intangible Assets1.6M90.2M91.7M113.8M110.9M56.3M
Property Plant Equipment30.0M75.2M189.5M277.9M319.6M335.6M
Net Invested Capital2.1B2.5B3.0B4.3B5.0B2.7B
Net Working Capital2.0B2.3B2.6B3.8B4.4B2.4B

Currently Active Assets on Macroaxis

Other Information on Investing in Shanghai Stock

Balance Sheet is a snapshot of the financial position of Shanghai Friendess at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Friendess Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Friendess 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.