Nanjing Other Current Liab vs Net Receivables Analysis

688580 Stock   30.79  0.15  0.49%   
Nanjing Vishee financial indicator trend analysis is infinitely more than just investigating Nanjing Vishee Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nanjing Vishee Medical is a good investment. Please check the relationship between Nanjing Vishee Other Current Liab and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nanjing Vishee Medical. 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 Liab vs Net Receivables

Other Current Liab vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nanjing Vishee Medical Other Current Liab account and Net Receivables. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Nanjing Vishee's Other Current Liab and Net Receivables is -0.59. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Nanjing Vishee Medical, assuming nothing else is changed. The correlation between historical values of Nanjing Vishee's Other Current Liab and Net Receivables 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 Liab of Nanjing Vishee Medical are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Current Liab i.e., Nanjing Vishee's Other Current Liab and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.59
Relationship DirectionNegative 
Relationship StrengthVery Weak

Other Current Liab

Net Receivables

Most indicators from Nanjing Vishee's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nanjing Vishee Medical 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 Nanjing Vishee Medical. 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 Tax Provision is expected to grow to about 16 M, whereas Selling General Administrative is forecasted to decline to about 96.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit321.6M233.1M331.7M261.0M
Total Revenue430.0M321.6M462.2M355.7M

Nanjing Vishee fundamental ratios Correlations

-0.320.791.0-0.851.00.970.760.990.730.430.83-0.870.870.9-0.30.910.560.750.941.0-0.090.990.990.660.98
-0.32-0.17-0.320.5-0.28-0.33-0.68-0.21-0.750.2-0.650.1-0.59-0.51-0.72-0.17-0.64-0.38-0.16-0.320.47-0.22-0.22-0.84-0.4
0.79-0.170.77-0.450.770.850.750.750.720.090.66-0.950.730.77-0.330.970.70.960.720.770.450.760.730.660.78
1.0-0.320.77-0.851.00.970.750.990.710.450.83-0.860.860.89-0.310.90.540.730.941.0-0.110.990.990.650.98
-0.850.5-0.45-0.85-0.84-0.75-0.61-0.85-0.67-0.35-0.770.56-0.82-0.780.11-0.61-0.48-0.44-0.86-0.850.56-0.85-0.86-0.64-0.85
1.0-0.280.771.0-0.840.970.730.990.690.460.81-0.850.840.89-0.320.890.510.720.951.0-0.10.990.990.610.98
0.97-0.330.850.97-0.750.970.780.940.780.460.88-0.910.890.92-0.280.930.660.820.870.970.060.940.940.690.96
0.76-0.680.750.75-0.610.730.780.670.82-0.020.78-0.680.740.780.270.750.670.860.640.750.00.680.660.880.77
0.99-0.210.750.99-0.850.990.940.670.640.480.77-0.860.820.83-0.420.880.450.670.950.99-0.11.01.00.560.94
0.73-0.750.720.71-0.670.690.780.820.640.060.91-0.690.940.850.150.720.950.80.560.72-0.070.650.640.970.77
0.430.20.090.45-0.350.460.46-0.020.480.060.43-0.340.320.22-0.530.24-0.04-0.050.340.45-0.050.480.49-0.110.35
0.83-0.650.660.83-0.770.810.880.780.770.910.43-0.730.960.840.00.720.790.690.650.83-0.140.780.780.850.83
-0.870.1-0.95-0.860.56-0.85-0.91-0.68-0.86-0.69-0.34-0.73-0.78-0.750.5-0.98-0.62-0.87-0.78-0.86-0.37-0.87-0.85-0.6-0.81
0.87-0.590.730.86-0.820.840.890.740.820.940.320.96-0.780.91-0.090.80.860.740.740.86-0.150.820.820.860.89
0.9-0.510.770.89-0.780.890.920.780.830.850.220.84-0.750.91-0.030.830.770.80.830.89-0.140.840.830.780.96
-0.3-0.72-0.33-0.310.11-0.32-0.280.27-0.420.15-0.530.00.5-0.09-0.03-0.40.13-0.06-0.38-0.3-0.38-0.41-0.410.33-0.19
0.91-0.170.970.9-0.610.890.930.750.880.720.240.72-0.980.80.83-0.40.640.910.850.890.290.890.870.640.88
0.56-0.640.70.54-0.480.510.660.670.450.95-0.040.79-0.620.860.770.130.640.780.40.540.090.470.450.880.63
0.75-0.380.960.73-0.440.720.820.860.670.8-0.050.69-0.870.740.8-0.060.910.780.650.730.370.680.660.790.77
0.94-0.160.720.94-0.860.950.870.640.950.560.340.65-0.780.740.83-0.380.850.40.650.94-0.170.950.950.50.93
1.0-0.320.771.0-0.851.00.970.750.990.720.450.83-0.860.860.89-0.30.890.540.730.94-0.110.990.990.650.98
-0.090.470.45-0.110.56-0.10.060.0-0.1-0.07-0.05-0.14-0.37-0.15-0.14-0.380.290.090.37-0.17-0.11-0.09-0.12-0.13-0.15
0.99-0.220.760.99-0.850.990.940.681.00.650.480.78-0.870.820.84-0.410.890.470.680.950.99-0.091.00.570.95
0.99-0.220.730.99-0.860.990.940.661.00.640.490.78-0.850.820.83-0.410.870.450.660.950.99-0.121.00.560.94
0.66-0.840.660.65-0.640.610.690.880.560.97-0.110.85-0.60.860.780.330.640.880.790.50.65-0.130.570.560.7
0.98-0.40.780.98-0.850.980.960.770.940.770.350.83-0.810.890.96-0.190.880.630.770.930.98-0.150.950.940.7
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Nanjing Vishee Account Relationship Matchups

Nanjing Vishee fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets404.2M1.5B1.6B1.7B1.8B1.2B
Other Current Liab99.1M94.0M75.3M2.1M1.3M1.2M
Total Current Liabilities141.6M128.7M103.9M129.2M151.7M129.0M
Total Stockholder Equity249.2M1.4B1.5B1.5B1.6B1.0B
Net Tangible Assets230.0M1.4B1.5B1.4B1.6B885.8M
Retained Earnings178.7M272.5M378.5M349.1M438.4M284.0M
Accounts Payable10.5M9.9M9.3M19.7M18.0M13.1M
Cash244.4M1.4B1.4B1.2B1.2B892.2M
Non Current Assets Total121.9M121.6M204.4M365.0M551.2M578.8M
Non Currrent Assets Other1.3M191.8K71.9M6.1M1.4M1.3M
Other Assets640.7K1.3M3.4M85.4M98.2M103.1M
Net Receivables1.6M12.9M24.3M21.1M36.6M38.5M
Non Current Liabilities Total7.7M776.2K1.8M26.4M27.6M16.3M
Inventory31.5M37.1M30.4M34.8M39.9M32.7M
Other Current Assets4.8M1.1M3.0M4.3M12.6M13.2M
Total Liab149.4M129.5M105.7M155.7M179.3M145.3M
Deferred Long Term Liab33.9K294.8K1.1M768.8K884.1K528.3K
Net Invested Capital263.2M1.4B1.5B1.5B1.6B1.1B
Short Long Term Debt10M1.1M1.2M1.2M1.1M1.0M
Total Current Assets282.3M1.4B1.4B1.3B1.3B950.4M
Net Working Capital140.7M1.3B1.3B1.2B1.1B821.4M
Intangible Assets19.2M20.0M18.8M106.5M120.6M126.6M
Property Plant Equipment102.5M101.3M98.3M100.3M115.3M103.9M

Currently Active Assets on Macroaxis

Other Information on Investing in Nanjing Stock

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