Sichuan Intangible Assets vs Common Stock Shares Outstanding Analysis

688511 Stock   14.22  0.91  6.01%   
Sichuan Tianwei financial indicator trend analysis is much more than just breaking down Sichuan Tianwei Elec prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sichuan Tianwei Elec is a good investment. Please check the relationship between Sichuan Tianwei Intangible Assets and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sichuan Tianwei Electronic. 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.

Intangible Assets vs Common Stock Shares Outstanding

Intangible Assets vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sichuan Tianwei Elec Intangible Assets account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have pay attention.
The correlation between Sichuan Tianwei's Intangible Assets and Common Stock Shares Outstanding is -0.82. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Sichuan Tianwei Electronic, assuming nothing else is changed. The correlation between historical values of Sichuan Tianwei's Intangible Assets and Common Stock Shares Outstanding 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 Sichuan Tianwei Electronic are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Intangible Assets i.e., Sichuan Tianwei's Intangible Assets and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.82
Relationship DirectionNegative 
Relationship StrengthSignificant

Intangible Assets

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

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Sichuan Tianwei's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sichuan Tianwei Elec 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 Sichuan Tianwei Electronic. 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.
The current year's Tax Provision is expected to grow to about 9.6 M, whereas Selling General Administrative is forecasted to decline to about 9.1 M.
 2022 2023 2024 2025 (projected)
Gross Profit69.9M83.1M95.6M95.5M
Total Revenue112.5M140.5M161.6M143.7M

Sichuan Tianwei fundamental ratios Correlations

0.660.060.620.940.81-0.950.920.720.940.88-0.350.930.87-0.040.92-0.780.940.591.00.78-0.820.970.920.980.99
0.660.370.870.620.91-0.50.660.940.620.82-0.460.580.50.490.84-0.60.590.940.640.8-0.670.680.640.540.58
0.060.370.5-0.070.180.04-0.080.38-0.040.0-0.04-0.09-0.280.210.22-0.34-0.070.480.070.410.130.06-0.15-0.06-0.05
0.620.870.50.570.89-0.460.630.960.580.75-0.750.520.470.150.82-0.790.540.970.610.91-0.630.640.660.470.53
0.940.62-0.070.570.76-0.970.990.671.00.83-0.391.00.83-0.10.86-0.781.00.550.940.72-0.930.890.890.950.97
0.810.910.180.890.76-0.650.810.950.760.96-0.660.720.760.270.93-0.70.730.910.790.83-0.820.780.850.710.74
-0.95-0.50.04-0.46-0.97-0.65-0.93-0.55-0.97-0.740.25-0.98-0.790.15-0.80.74-0.98-0.42-0.95-0.650.81-0.89-0.84-0.98-0.98
0.920.66-0.080.630.990.81-0.930.720.980.87-0.490.980.85-0.080.89-0.80.980.610.920.74-0.960.870.910.920.94
0.720.940.380.960.670.95-0.550.720.660.87-0.660.620.620.230.91-0.780.630.960.710.92-0.730.740.750.590.64
0.940.62-0.040.581.00.76-0.970.980.660.82-0.390.990.8-0.070.85-0.771.00.560.940.71-0.910.890.880.950.97
0.880.820.00.750.830.96-0.740.870.870.82-0.560.810.890.210.94-0.660.810.780.860.77-0.870.830.910.820.84
-0.35-0.46-0.04-0.75-0.39-0.660.25-0.49-0.66-0.39-0.56-0.33-0.420.17-0.490.58-0.35-0.68-0.34-0.590.54-0.34-0.59-0.24-0.31
0.930.58-0.090.521.00.72-0.980.980.620.990.81-0.330.82-0.090.84-0.741.00.50.940.67-0.910.880.870.960.97
0.870.5-0.280.470.830.76-0.790.850.620.80.89-0.420.82-0.120.83-0.620.810.440.870.62-0.820.830.920.880.87
-0.040.490.210.15-0.10.270.15-0.080.23-0.070.210.17-0.09-0.120.070.36-0.10.36-0.06-0.110.01-0.1-0.12-0.09-0.1
0.920.840.220.820.860.93-0.80.890.910.850.94-0.490.840.830.07-0.850.840.80.910.91-0.840.910.880.850.87
-0.78-0.6-0.34-0.79-0.78-0.70.74-0.8-0.78-0.77-0.660.58-0.74-0.620.36-0.85-0.76-0.67-0.78-0.940.71-0.8-0.75-0.71-0.75
0.940.59-0.070.541.00.73-0.980.980.631.00.81-0.351.00.81-0.10.84-0.760.510.940.69-0.910.890.870.960.97
0.590.940.480.970.550.91-0.420.610.960.560.78-0.680.50.440.360.8-0.670.510.570.83-0.640.580.610.440.5
1.00.640.070.610.940.79-0.950.920.710.940.86-0.340.940.87-0.060.91-0.780.940.570.78-0.810.970.920.980.99
0.780.80.410.910.720.83-0.650.740.920.710.77-0.590.670.62-0.110.91-0.940.690.830.78-0.680.840.780.660.71
-0.82-0.670.13-0.63-0.93-0.820.81-0.96-0.73-0.91-0.870.54-0.91-0.820.01-0.840.71-0.91-0.64-0.81-0.68-0.75-0.83-0.82-0.83
0.970.680.060.640.890.78-0.890.870.740.890.83-0.340.880.83-0.10.91-0.80.890.580.970.84-0.750.930.920.95
0.920.64-0.150.660.890.85-0.840.910.750.880.91-0.590.870.92-0.120.88-0.750.870.610.920.78-0.830.930.880.91
0.980.54-0.060.470.950.71-0.980.920.590.950.82-0.240.960.88-0.090.85-0.710.960.440.980.66-0.820.920.880.99
0.990.58-0.050.530.970.74-0.980.940.640.970.84-0.310.970.87-0.10.87-0.750.970.50.990.71-0.830.950.910.99
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Sichuan Tianwei Account Relationship Matchups

Sichuan Tianwei fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets356.2M956.0M872.0M956.8M1.1B584.8M
Other Current Liab15.9M19.9M16.8M415.4K373.9K355.2K
Total Current Liabilities110.2M85.6M48.4M78.6M90.4M80.3M
Total Stockholder Equity219.6M842.6M796.2M851.9M979.7M1.0B
Property Plant And Equipment Net69.6M68.2M57.3M76.2M87.6M70.4M
Net Debt9.7M7.3M(154.9M)(142.0M)(127.8M)(121.4M)
Retained Earnings67.4M170.6M161.0M205.8M236.7M248.6M
Accounts Payable54.3M35.7M31.6M45.4M52.2M39.9M
Cash32.7M184.9M142.0M157.9M181.6M190.7M
Non Current Assets Total80.0M82.8M81.5M103.2M118.7M88.9M
Non Currrent Assets Other1.4M4.4M14.1M1.1M980.6K931.6K
Cash And Short Term Investments27.3M35.7M579.0M582.0M669.2M702.7M
Common Stock Shares Outstanding60.0M68.3M80M104M119.6M75.8M
Liabilities And Stockholders Equity274.7M356.2M956.0M872.0M1.0B506.9M
Non Current Liabilities Total26.4M27.7M27.5M26.4M23.7M25.1M
Inventory63.9M63.9M78.8M83.5M96.0M65.0M
Other Current Assets488.9K969.4K215.4K59.5K53.5K50.8K
Other Stockholder Equity64.1M92.1M592.1M555.2M638.5M670.4M
Total Liab136.6M113.3M75.8M104.9M120.7M114.8M
Total Current Assets276.1M873.2M790.5M853.6M981.6M495.9M
Intangible Assets6.2M5.9M5.7M5.5M4.9M4.8M
Net Receivables82.1M103.0M68.4M134.1M154.3M92.4M
Short Term Investments3M394.1M440M435M500.3M281.4M
Net Invested Capital259.6M872.6M796.2M851.9M979.7M648.2M
Net Working Capital166.0M787.6M742.1M775.0M891.2M563.1M

Currently Active Assets on Macroaxis

Other Information on Investing in Sichuan Stock

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