Hubei Good Will vs Inventory Analysis

000665 Stock   4.86  0.03  0.61%   
Hubei Radio financial indicator trend analysis is much more than just examining Hubei Radio latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hubei Radio is a good investment. Please check the relationship between Hubei Radio Good Will and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hubei Radio and. 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.

Good Will vs Inventory

Good Will vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hubei Radio Good Will account and Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Hubei Radio's Good Will and Inventory is -0.37. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Inventory in the same time period over historical financial statements of Hubei Radio and, assuming nothing else is changed. The correlation between historical values of Hubei Radio's Good Will and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Hubei Radio and are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Good Will i.e., Hubei Radio's Good Will and Inventory go up and down completely randomly.

Correlation Coefficient

-0.37
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Inventory

Most indicators from Hubei Radio's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hubei Radio 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 Hubei Radio and. 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.
As of December 13, 2024, Selling General Administrative is expected to decline to about 83.4 M. The current year's Tax Provision is expected to grow to about (724 K)
 2021 2022 2023 2024 (projected)
Gross Profit239.8M172.1M78.0M74.1M
Research Development69.6M82.5M71.9M82.2M

Hubei Radio fundamental ratios Correlations

0.240.980.880.760.20.950.480.750.850.75-0.340.910.950.260.880.99-0.60.81-0.75-0.860.830.850.56-0.20.77
0.240.110.60.380.790.160.670.55-0.06-0.41-0.510.03-0.050.54-0.120.150.39-0.270.280.05-0.21-0.17-0.170.29-0.26
0.980.110.790.740.060.950.390.720.860.83-0.260.90.960.20.930.98-0.650.85-0.81-0.880.840.870.61-0.360.77
0.880.60.790.810.540.810.620.790.620.41-0.50.740.70.380.610.82-0.30.55-0.5-0.650.580.570.380.00.51
0.760.380.740.810.560.750.250.680.560.43-0.460.740.620.040.550.74-0.150.65-0.47-0.710.510.60.36-0.250.39
0.20.790.060.540.560.220.330.31-0.05-0.36-0.70.21-0.060.18-0.250.110.52-0.080.28-0.05-0.110.02-0.160.37-0.18
0.950.160.950.810.750.220.320.620.90.77-0.310.970.940.090.810.94-0.610.83-0.78-0.90.870.90.57-0.160.81
0.480.670.390.620.250.330.320.550.120.07-0.290.230.330.860.30.39-0.050.04-0.03-0.040.20.160.280.140.17
0.750.550.720.790.680.310.620.550.490.28-0.350.480.570.390.610.75-0.160.42-0.33-0.590.340.370.17-0.140.25
0.85-0.060.860.620.56-0.050.90.120.490.82-0.070.890.91-0.010.830.86-0.790.79-0.81-0.930.870.840.53-0.230.86
0.75-0.410.830.410.43-0.360.770.070.280.820.070.810.91-0.070.90.78-0.850.87-0.91-0.790.920.870.76-0.390.88
-0.34-0.51-0.26-0.5-0.46-0.7-0.31-0.29-0.35-0.070.07-0.31-0.13-0.32-0.01-0.3-0.37-0.170.00.25-0.03-0.20.06-0.190.08
0.910.030.90.740.740.210.970.230.480.890.81-0.310.930.010.780.9-0.620.88-0.79-0.890.920.960.63-0.160.86
0.95-0.050.960.70.62-0.060.940.330.570.910.91-0.130.930.130.940.96-0.780.88-0.86-0.870.930.930.66-0.280.91
0.260.540.20.380.040.180.090.860.39-0.01-0.07-0.320.010.130.150.20.06-0.050.060.07-0.04-0.04-0.030.06-0.04
0.88-0.120.930.610.55-0.250.810.30.610.830.9-0.010.780.940.150.92-0.80.84-0.85-0.810.830.810.63-0.470.8
0.990.150.980.820.740.110.940.390.750.860.78-0.30.90.960.20.92-0.630.85-0.79-0.880.820.850.51-0.280.77
-0.60.39-0.65-0.3-0.150.52-0.61-0.05-0.16-0.79-0.85-0.37-0.62-0.780.06-0.8-0.63-0.640.820.61-0.8-0.66-0.580.31-0.87
0.81-0.270.850.550.65-0.080.830.040.420.790.87-0.170.880.88-0.050.840.85-0.64-0.87-0.860.850.90.51-0.360.81
-0.750.28-0.81-0.5-0.470.28-0.78-0.03-0.33-0.81-0.910.0-0.79-0.860.06-0.85-0.790.82-0.870.81-0.86-0.79-0.590.33-0.81
-0.860.05-0.88-0.65-0.71-0.05-0.9-0.04-0.59-0.93-0.790.25-0.89-0.870.07-0.81-0.880.61-0.860.81-0.8-0.83-0.480.29-0.73
0.83-0.210.840.580.51-0.110.870.20.340.870.92-0.030.920.93-0.040.830.82-0.80.85-0.86-0.80.920.76-0.110.96
0.85-0.170.870.570.60.020.90.160.370.840.87-0.20.960.93-0.040.810.85-0.660.9-0.79-0.830.920.65-0.260.88
0.56-0.170.610.380.36-0.160.570.280.170.530.760.060.630.66-0.030.630.51-0.580.51-0.59-0.480.760.65-0.280.65
-0.20.29-0.360.0-0.250.37-0.160.14-0.14-0.23-0.39-0.19-0.16-0.280.06-0.47-0.280.31-0.360.330.29-0.11-0.26-0.28-0.08
0.77-0.260.770.510.39-0.180.810.170.250.860.880.080.860.91-0.040.80.77-0.870.81-0.81-0.730.960.880.65-0.08
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Hubei Radio Account Relationship Matchups

Hubei Radio fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.9B11.7B11.8B11.7B11.0B11.6B
Other Current Liab546.8M590.2M531.0M477.2M9.7M9.2M
Total Current Liabilities3.8B3.3B3.5B3.9B3.9B4.1B
Total Stockholder Equity6.8B6.1B5.9B5.9B5.3B3.0B
Other Liab119.9M71.7M65.3M63.8M73.4M56.7M
Retained Earnings1.9B1.2B780.5M185.5M(583.2M)(554.0M)
Accounts Payable1.6B1.8B1.8B1.8B1.5B1.6B
Cash612.5M469.4M680.0M681.5M327.0M347.9M
Other Assets683.4M422.4M701.4M644.0M740.6M777.7M
Long Term Debt1.1B2.1B2.2B1.7B1.8B1.9B
Net Receivables820.0M777.1M815.7M1.2B1.1B1.2B
Inventory5.8M44.9M107.3M82.2M117.3M66.3M
Other Current Assets629.9M601.0M564.0M510.9M435.5M457.2M
Total Liab5.0B5.4B5.8B5.7B5.7B6.0B
Intangible Assets139.8M131.4M128.0M124.4M110.7M100.9M
Common Stock963.6M981.9M1.0B1.1B1.3B1.4B
Property Plant Equipment8.0B8.1B7.7B7.5B8.6B9.0B
Net Tangible Assets6.1B5.7B5.4B5.5B6.3B6.0B
Deferred Long Term Liab420.7M306.9M481.8M265.2M238.7M344.9M
Total Current Assets2.1B2.3B2.5B2.7B2.3B2.1B
Non Current Assets Total9.7B9.4B9.3B9.0B8.7B9.7B
Non Currrent Assets Other22.5M234.2M82.5M191.6M349.5M139.0M
Short Term Investments35.5M226.5M206.4M204.4M7.2M6.8M
Non Current Liabilities Total1.2B2.1B2.3B1.8B1.9B1.5B
Other Stockholder Equity302.5M272.5M231.6M79.0M90.9M86.4M
Short Long Term Debt1.3B658M942.5M981.8M1.2B810.7M
Common Stock Shares Outstanding963.6M981.9M1.0B1.1B1.1B1.1B
Net Invested Capital9.2B8.9B9.0B8.6B8.3B9.2B
Net Working Capital(1.7B)(1.0B)(1.0B)(1.1B)(1.6B)(1.7B)
Net Debt1.8B2.2B2.5B2.0B2.7B2.3B
Capital Stock963.6M981.9M1.0B1.1B1.1B1.1B
Non Current Liabilities Other50.4M3.6M5.0M5.3M4.8M4.6M

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Other Information on Investing in Hubei Stock

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