Niutech Total Stockholder Equity vs Total Assets Analysis

688309 Stock   14.20  0.38  2.61%   
Niutech Environment financial indicator trend analysis is infinitely more than just investigating Niutech Environment recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Niutech Environment is a good investment. Please check the relationship between Niutech Environment Total Stockholder Equity and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Niutech Environment Technology. 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.

Total Stockholder Equity vs Total Assets

Total Stockholder Equity vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Niutech Environment Total Stockholder Equity account and Total Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Niutech Environment's Total Stockholder Equity and Total Assets is 1.0. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Assets in the same time period over historical financial statements of Niutech Environment Technology, assuming nothing else is changed. The correlation between historical values of Niutech Environment's Total Stockholder Equity and Total 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 Total Stockholder Equity of Niutech Environment Technology are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Stockholder Equity i.e., Niutech Environment's Total Stockholder Equity and Total Assets go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Total Assets

Total assets refers to the total amount of Niutech Environment assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Niutech Environment books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Niutech Environment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Niutech Environment 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 Niutech Environment Technology. 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 5, 2024, Tax Provision is expected to decline to about 1.8 M. In addition to that, Selling General Administrative is expected to decline to about 13.7 M
 2021 2022 2023 2024 (projected)
Gross Profit39.8M70.2M89.6M85.0M
Total Revenue84.6M165.3M163.9M177.2M

Niutech Environment fundamental ratios Correlations

-0.210.611.00.990.960.880.860.93-0.78-0.23-0.420.850.98-0.80.140.590.590.990.980.950.90.970.870.880.86
-0.210.49-0.29-0.31-0.01-0.24-0.23-0.18-0.36-0.830.08-0.09-0.01-0.410.460.560.49-0.3-0.22-0.330.11-0.01-0.15-0.15-0.14
0.610.490.530.520.730.710.410.7-0.92-0.78-0.410.420.74-0.880.60.861.00.520.530.390.770.740.710.640.54
1.0-0.290.531.00.940.860.870.9-0.72-0.15-0.40.860.95-0.750.080.520.511.00.990.970.870.950.840.860.85
0.99-0.310.521.00.920.870.860.91-0.7-0.11-0.380.830.95-0.720.060.510.491.00.970.960.850.950.830.850.84
0.96-0.010.730.940.920.860.770.87-0.88-0.47-0.390.890.98-0.890.380.640.710.930.950.90.990.980.830.940.93
0.88-0.240.710.860.870.860.610.93-0.73-0.22-0.490.620.88-0.670.330.490.70.860.810.750.820.880.870.890.78
0.86-0.230.410.870.860.770.610.82-0.67-0.09-0.290.670.81-0.68-0.10.580.390.870.840.840.70.810.760.590.63
0.93-0.180.70.90.910.870.930.82-0.81-0.21-0.50.60.92-0.750.20.640.690.90.840.780.820.920.930.80.73
-0.78-0.36-0.92-0.72-0.7-0.88-0.73-0.67-0.810.720.47-0.64-0.880.96-0.55-0.85-0.91-0.71-0.72-0.61-0.91-0.87-0.82-0.77-0.72
-0.23-0.83-0.78-0.15-0.11-0.47-0.22-0.09-0.210.720.06-0.35-0.410.72-0.76-0.68-0.78-0.14-0.22-0.09-0.58-0.41-0.23-0.37-0.38
-0.420.08-0.41-0.4-0.38-0.39-0.49-0.29-0.50.470.06-0.24-0.460.42-0.08-0.34-0.42-0.4-0.36-0.31-0.37-0.41-0.75-0.47-0.29
0.85-0.090.420.860.830.890.620.670.6-0.64-0.35-0.240.84-0.740.220.40.390.860.920.920.880.840.590.840.9
0.98-0.010.740.950.950.980.880.810.92-0.88-0.41-0.460.84-0.90.280.70.720.950.950.890.951.00.870.90.87
-0.8-0.41-0.88-0.75-0.72-0.89-0.67-0.68-0.750.960.720.42-0.74-0.9-0.42-0.89-0.86-0.74-0.78-0.68-0.91-0.89-0.76-0.74-0.71
0.140.460.60.080.060.380.33-0.10.2-0.55-0.76-0.080.220.28-0.420.220.60.080.10.00.510.290.190.50.5
0.590.560.860.520.510.640.490.580.64-0.85-0.68-0.340.40.7-0.890.220.850.520.530.410.650.70.640.40.35
0.590.491.00.510.490.710.70.390.69-0.91-0.78-0.420.390.72-0.860.60.850.50.510.360.750.710.70.620.52
0.99-0.30.521.01.00.930.860.870.9-0.71-0.14-0.40.860.95-0.740.080.520.50.990.970.870.950.840.870.85
0.98-0.220.530.990.970.950.810.840.84-0.72-0.22-0.360.920.95-0.780.10.530.510.990.990.90.950.790.870.87
0.95-0.330.390.970.960.90.750.840.78-0.61-0.09-0.310.920.89-0.680.00.410.360.970.990.830.890.730.830.85
0.90.110.770.870.850.990.820.70.82-0.91-0.58-0.370.880.95-0.910.510.650.750.870.90.830.950.790.940.93
0.97-0.010.740.950.950.980.880.810.92-0.87-0.41-0.410.841.0-0.890.290.70.710.950.950.890.950.850.890.87
0.87-0.150.710.840.830.830.870.760.93-0.82-0.23-0.750.590.87-0.760.190.640.70.840.790.730.790.850.790.67
0.88-0.150.640.860.850.940.890.590.8-0.77-0.37-0.470.840.9-0.740.50.40.620.870.870.830.940.890.790.97
0.86-0.140.540.850.840.930.780.630.73-0.72-0.38-0.290.90.87-0.710.50.350.520.850.870.850.930.870.670.97
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Niutech Environment Account Relationship Matchups

Niutech Environment fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets349.7M783.0M757.6M829.3M852.1M630.9M
Other Current Liab61.5M11.7M22.4M9.6M17.8M29.4M
Total Current Liabilities116.5M64.8M49.5M112.0M121.1M99.2M
Total Stockholder Equity226.7M711.6M702.4M711.7M725.5M524.7M
Net Tangible Assets198.3M683.8M675.3M669.9M770.3M453.2M
Retained Earnings145.6M189.4M175.0M189.6M177.2M153.9M
Accounts Payable40.4M47.8M24.6M60.5M79.3M42.9M
Cash21.8M94.6M214.4M202.4M133.6M123.5M
Non Current Assets Total130.2M154.1M215.5M302.0M368.1M209.3M
Non Currrent Assets Other600.8K7.2M2.6M141.2K127.1K120.7K
Other Assets6.8M17.1M16.9M15.9M18.3M15.2M
Net Receivables72.1M138.5M114.6M76.8M60.5M84.9M
Non Current Liabilities Total6.4M6.5M5.6M5.6M5.6M5.1M
Inventory122.0M14.1M22.3M22.2M35.8M30.4M
Other Current Assets3.5M3.4M5.2M8.5M8.1M6.9M
Total Liab123.0M71.3M55.1M117.6M126.7M106.2M
Net Invested Capital236.7M711.6M702.4M711.7M725.5M528.0M
Total Current Assets219.5M628.9M542.1M527.3M484.0M421.5M
Net Working Capital103.0M564.0M492.6M415.3M362.9M322.4M
Intangible Assets28.4M27.8M27.2M26.6M26.0M24.0M
Property Plant Equipment84.9M104.4M132.6M222.4M255.7M268.5M
Other Liab6.4M6.5M5.6M5.6M6.4M6.1M

Currently Active Assets on Macroaxis

Other Information on Investing in Niutech Stock

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