Qingdao Other Current Assets vs Cash And Short Term Investments Analysis

001219 Stock   14.78  0.23  1.58%   
Qingdao Foods financial indicator trend analysis is much more than just breaking down Qingdao Foods prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qingdao Foods is a good investment. Please check the relationship between Qingdao Foods Other Current Assets and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Qingdao Foods Co. 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.

Other Current Assets vs Cash And Short Term Investments

Other Current Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qingdao Foods Other Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between Qingdao Foods' Other Current Assets and Cash And Short Term Investments is -0.85. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Qingdao Foods Co, assuming nothing else is changed. The correlation between historical values of Qingdao Foods' Other Current Assets and Cash And Short Term Investments 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 Assets of Qingdao Foods Co are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Assets i.e., Qingdao Foods' Other Current Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.85
Relationship DirectionNegative 
Relationship StrengthSignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Qingdao Foods balance sheet. This account contains Qingdao Foods investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Qingdao Foods Co fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Qingdao Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qingdao Foods 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 Qingdao Foods Co. 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 29.5 M, whereas Selling General Administrative is forecasted to decline to about 12.4 M.
 2021 2022 2023 2024 (projected)
Gross Profit138.5M157.9M149.5M121.0M
Total Revenue434.0M493.8M489.3M518.3M

Qingdao Foods fundamental ratios Correlations

-0.180.871.0-0.87-0.780.970.770.780.020.370.940.73-0.84-0.79-0.750.940.881.0-0.520.960.98-0.510.50.820.99
-0.18-0.16-0.180.520.03-0.22-0.51-0.040.590.19-0.31-0.580.170.110.04-0.39-0.16-0.190.15-0.13-0.220.67-0.12-0.34-0.27
0.87-0.160.86-0.76-0.510.920.840.52-0.220.030.880.66-0.71-0.86-0.720.81.00.88-0.570.960.79-0.40.660.80.83
1.0-0.180.86-0.87-0.790.970.760.790.030.390.930.73-0.85-0.77-0.750.940.861.0-0.510.950.99-0.510.480.820.99
-0.870.52-0.76-0.870.54-0.88-0.71-0.550.27-0.08-0.87-0.860.820.770.54-0.92-0.77-0.880.5-0.79-0.880.65-0.57-0.88-0.92
-0.780.03-0.51-0.790.54-0.68-0.52-1.0-0.55-0.84-0.74-0.290.760.530.71-0.76-0.53-0.750.54-0.65-0.770.25-0.32-0.29-0.76
0.97-0.220.920.97-0.88-0.680.770.69-0.10.210.950.79-0.88-0.82-0.810.90.930.97-0.530.960.94-0.430.660.850.95
0.77-0.510.840.76-0.71-0.520.770.52-0.290.150.760.71-0.51-0.56-0.530.750.830.78-0.350.850.75-0.590.370.680.74
0.78-0.040.520.79-0.55-1.00.690.520.540.840.740.3-0.76-0.52-0.710.760.530.75-0.530.650.78-0.250.320.30.77
0.020.59-0.220.030.27-0.55-0.1-0.290.540.82-0.09-0.53-0.170.08-0.1-0.06-0.2-0.03-0.09-0.10.020.49-0.07-0.49-0.02
0.370.190.030.39-0.08-0.840.210.150.840.820.26-0.13-0.36-0.05-0.330.350.040.33-0.190.210.410.01-0.12-0.170.35
0.94-0.310.880.93-0.87-0.740.950.760.74-0.090.260.69-0.88-0.87-0.850.950.890.93-0.720.90.88-0.530.640.770.94
0.73-0.580.660.73-0.86-0.290.790.710.3-0.53-0.130.69-0.6-0.45-0.470.70.660.76-0.10.720.77-0.590.40.890.75
-0.840.17-0.71-0.850.820.76-0.88-0.51-0.76-0.17-0.36-0.88-0.60.790.79-0.83-0.72-0.830.63-0.75-0.820.22-0.78-0.61-0.85
-0.790.11-0.86-0.770.770.53-0.82-0.56-0.520.08-0.05-0.87-0.450.790.66-0.82-0.86-0.780.85-0.78-0.680.39-0.74-0.7-0.8
-0.750.04-0.72-0.750.540.71-0.81-0.53-0.71-0.1-0.33-0.85-0.470.790.66-0.69-0.73-0.740.62-0.75-0.670.13-0.66-0.46-0.7
0.94-0.390.80.94-0.92-0.760.90.750.76-0.060.350.950.7-0.83-0.82-0.690.80.93-0.680.850.92-0.690.480.780.98
0.88-0.161.00.86-0.77-0.530.930.830.53-0.20.040.890.66-0.72-0.86-0.730.80.88-0.580.960.8-0.380.670.80.83
1.0-0.190.881.0-0.88-0.750.970.780.75-0.030.330.930.76-0.83-0.78-0.740.930.88-0.490.960.98-0.520.490.850.98
-0.520.15-0.57-0.510.50.54-0.53-0.35-0.53-0.09-0.19-0.72-0.10.630.850.62-0.68-0.58-0.49-0.46-0.40.33-0.61-0.31-0.55
0.96-0.130.960.95-0.79-0.650.960.850.65-0.10.210.90.72-0.75-0.78-0.750.850.960.96-0.460.91-0.420.550.820.91
0.98-0.220.790.99-0.88-0.770.940.750.780.020.410.880.77-0.82-0.68-0.670.920.80.98-0.40.91-0.540.40.820.98
-0.510.67-0.4-0.510.650.25-0.43-0.59-0.250.490.01-0.53-0.590.220.390.13-0.69-0.38-0.520.33-0.42-0.540.11-0.65-0.6
0.5-0.120.660.48-0.57-0.320.660.370.32-0.07-0.120.640.4-0.78-0.74-0.660.480.670.49-0.610.550.40.110.420.47
0.82-0.340.80.82-0.88-0.290.850.680.3-0.49-0.170.770.89-0.61-0.7-0.460.780.80.85-0.310.820.82-0.650.420.84
0.99-0.270.830.99-0.92-0.760.950.740.77-0.020.350.940.75-0.85-0.8-0.70.980.830.98-0.550.910.98-0.60.470.84
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Qingdao Foods Account Relationship Matchups

Qingdao Foods fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets496.3M546.2M934.2M1.0B1.1B775.0M
Other Current Liab39.7M47.2M35.0M59.7M1.3M1.2M
Total Current Liabilities76.5M79.2M75.3M94.1M98.9M88.8M
Total Stockholder Equity419.8M465.7M857.7M923.1M974.6M685.5M
Property Plant And Equipment Net50.0M44.3M39.9M36.1M29.2M33.3M
Net Debt(59.8M)(133.9M)(460.2M)(182.6M)(164.3M)(172.5M)
Retained Earnings283.2M329.0M358.5M415.8M460.0M366.8M
Accounts Payable36.7M32.0M40.4M34.3M52.5M41.9M
Cash59.8M133.9M460.2M182.6M170.3M168.1M
Non Current Assets Total78.1M104.8M126.9M93.8M62.0M73.6M
Non Currrent Assets Other10.6M40.1M302.9M39.3M2.9M2.8M
Cash And Short Term Investments358.8M384.6M753.5M845.5M972.3M1.0B
Common Stock Shares Outstanding86.4M86.4M91.9M115.7M195.0M114.8M
Liabilities And Stockholders Equity496.3M546.2M934.2M1.0B1.2B707.2M
Non Current Liabilities Total36.7M1.3M1.2M999.3K939.3K892.3K
Inventory29.3M26.5M27.3M22.0M26.1M21.6M
Other Current Assets718.0K4.3M1.8M30.0M30.3M28.8M
Total Liab76.5M80.5M76.5M95.1M99.8M89.5M
Total Current Assets418.2M441.4M807.3M924.4M1.0B673.8M
Intangible Assets14.6M14.2M13.9M13.6M15.4M11.7M

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Other Information on Investing in Qingdao Stock

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