Tianneng Retained Earnings vs Good Will Analysis

688819 Stock   28.41  0.75  2.71%   
Tianneng Battery financial indicator trend analysis is much more than just breaking down Tianneng Battery prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tianneng Battery is a good investment. Please check the relationship between Tianneng Battery Retained Earnings and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tianneng Battery Group. 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.

Retained Earnings vs Good Will

Retained Earnings vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tianneng Battery Retained Earnings account and Good Will. At this time, the significance of the direction appears to have significant contrarian relationship.
Retained EarningsGood WillDiversified AwayRetained EarningsGood WillDiversified Away100%
The correlation between Tianneng Battery's Retained Earnings and Good Will is -0.49. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Good Will in the same time period over historical financial statements of Tianneng Battery Group, assuming nothing else is changed. The correlation between historical values of Tianneng Battery's Retained Earnings and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Tianneng Battery Group are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Retained Earnings i.e., Tianneng Battery's Retained Earnings and Good Will go up and down completely randomly.

Correlation Coefficient

-0.49
Relationship DirectionNegative 
Relationship StrengthVery Weak

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from Tianneng Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tianneng Battery 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 Tianneng Battery Group. 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 Selling General Administrative is expected to grow to about 1.6 B, whereas Tax Provision is forecasted to decline to about 475.2 M.
 2021 2022 2023 2024 (projected)
Interest Expense170.4M218.7M195.3M203.0M
Depreciation And Amortization856.1M1.2B1.4B741.6M

Tianneng Battery fundamental ratios Correlations

0.50.010.980.990.9-0.940.980.980.980.960.560.98-0.470.960.250.550.97-0.750.920.980.990.670.990.950.75
0.5-0.470.50.470.69-0.30.480.490.480.64-0.040.47-0.320.53-0.220.650.410.050.440.540.430.910.40.30.38
0.01-0.470.070.0-0.33-0.08-0.050.090.05-0.210.410.070.65-0.230.58-0.660.1-0.25-0.210.020.11-0.240.110.07-0.46
0.980.50.070.930.87-0.90.940.970.930.920.460.94-0.480.90.30.470.98-0.730.871.00.980.710.950.920.74
0.990.470.00.930.89-0.950.980.970.990.950.640.98-0.430.970.240.560.93-0.760.930.940.980.620.990.950.72
0.90.69-0.330.870.89-0.750.930.850.850.980.260.85-0.550.95-0.020.820.86-0.580.820.90.840.730.830.840.81
-0.94-0.3-0.08-0.9-0.95-0.75-0.91-0.94-0.97-0.85-0.73-0.950.5-0.9-0.37-0.38-0.890.77-0.95-0.9-0.97-0.5-0.98-0.92-0.71
0.980.48-0.050.940.980.93-0.910.950.950.970.490.95-0.490.970.190.660.95-0.730.890.960.960.60.960.940.8
0.980.490.090.970.970.85-0.940.950.970.920.570.95-0.420.910.20.470.97-0.770.90.970.980.670.980.930.7
0.980.480.050.930.990.85-0.970.950.970.920.690.99-0.420.940.330.490.91-0.710.930.940.980.650.990.920.67
0.960.64-0.210.920.950.98-0.850.970.920.920.390.92-0.530.980.070.740.92-0.650.880.950.920.730.920.90.8
0.56-0.040.410.460.640.26-0.730.490.570.690.390.690.070.490.56-0.120.44-0.560.580.430.620.170.660.580.1
0.980.470.070.940.980.85-0.950.950.950.990.920.69-0.380.940.380.460.9-0.720.90.940.980.660.980.930.65
-0.47-0.320.65-0.48-0.43-0.550.5-0.49-0.42-0.42-0.530.07-0.38-0.60.15-0.54-0.450.31-0.69-0.51-0.44-0.34-0.42-0.44-0.89
0.960.53-0.230.90.970.95-0.90.970.910.940.980.490.94-0.60.120.690.9-0.720.940.920.930.640.930.930.84
0.25-0.220.580.30.24-0.02-0.370.190.20.330.070.560.380.150.12-0.380.18-0.210.160.250.330.070.310.27-0.1
0.550.65-0.660.470.560.82-0.380.660.470.490.74-0.120.46-0.540.69-0.380.49-0.160.530.530.450.460.460.450.72
0.970.410.10.980.930.86-0.890.950.970.910.920.440.9-0.450.90.180.49-0.810.850.980.970.60.950.940.76
-0.750.05-0.25-0.73-0.76-0.580.77-0.73-0.77-0.71-0.65-0.56-0.720.31-0.72-0.21-0.16-0.81-0.7-0.71-0.78-0.21-0.78-0.9-0.56
0.920.44-0.210.870.930.82-0.950.890.90.930.880.580.9-0.690.940.160.530.85-0.70.880.910.580.920.880.83
0.980.540.021.00.940.9-0.90.960.970.940.950.430.94-0.510.920.250.530.98-0.710.880.970.720.950.920.77
0.990.430.110.980.980.84-0.970.960.980.980.920.620.98-0.440.930.330.450.97-0.780.910.970.631.00.950.71
0.670.91-0.240.710.620.73-0.50.60.670.650.730.170.66-0.340.640.070.460.6-0.210.580.720.630.590.520.42
0.990.40.110.950.990.83-0.980.960.980.990.920.660.98-0.420.930.310.460.95-0.780.920.951.00.590.950.7
0.950.30.070.920.950.84-0.920.940.930.920.90.580.93-0.440.930.270.450.94-0.90.880.920.950.520.950.73
0.750.38-0.460.740.720.81-0.710.80.70.670.80.10.65-0.890.84-0.10.720.76-0.560.830.770.710.420.70.73
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Tianneng Battery Account Relationship Matchups

Tianneng Battery fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.0B19.6B26.7B32.4B35.8B24.3B
Short Long Term Debt Total1.7B873.9M1.6B2.8B3.2B2.1B
Other Current Liab4.8B5.6B4.7B5.0B478.4M454.5M
Total Current Liabilities11.2B10.7B12.3B16.4B17.5B13.1B
Total Stockholder Equity4.9B6.7B12.3B13.7B15.4B8.8B
Property Plant And Equipment Net4.3B4.5B5.4B7.1B11.0B6.1B
Net Debt(2.6B)(4.0B)(8.6B)(8.3B)(7.5B)(7.1B)
Retained Earnings2.8B4.4B5.1B6.4B8.1B4.8B
Accounts Payable4.8B4.9B6.3B9.1B8.2B6.0B
Cash4.4B4.9B10.3B11.1B11.3B7.4B
Non Current Assets Total5.6B6.0B7.7B10.1B13.4B7.9B
Non Currrent Assets Other277.1M336.7M2.2B1.1B295.8M281.0M
Cash And Short Term Investments5.2B5.4B11.7B11.3B13.0B7.3B
Common Stock Shares Outstanding828.7M857.1M964.3M972.1M1.1B960.4M
Short Term Investments804.6M483.1M1.5B240M220M209M
Liabilities And Stockholders Equity18.0B19.6B26.7B32.4B37.2B22.0B
Non Current Liabilities Total1.4B1.8B1.6B1.9B2.7B2.0B
Inventory3.5B4.0B3.7B5.6B5.7B4.1B
Other Current Assets257.0M321.6M403.7M593.4M567.3M1.1B
Other Stockholder Equity1.3B1.4B6.2B6.4B7.3B7.7B
Total Liab12.6B12.5B13.9B18.3B20.2B15.1B
Total Current Assets12.4B13.7B19.0B22.3B22.4B16.3B
Short Term Debt1.6B249.3M1.3B2.3B2.6B1.5B
Intangible Assets563.9M667.5M958.1M1.1B1.1B786.4M

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Other Information on Investing in Tianneng Stock

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