Shanghai Intangible Assets vs Non Current Assets Total Analysis

002269 Stock   2.02  0.18  9.78%   
Shanghai Metersbonwe financial indicator trend analysis is much more than just breaking down Shanghai Metersbonwe prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Metersbonwe is a good investment. Please check the relationship between Shanghai Metersbonwe Intangible Assets and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Metersbonwe FashionAccessories. 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.

Intangible Assets vs Non Current Assets Total

Intangible Assets vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Metersbonwe Intangible Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shanghai Metersbonwe's Intangible Assets and Non Current Assets Total is 0.71. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Shanghai Metersbonwe FashionAccessories, assuming nothing else is changed. The correlation between historical values of Shanghai Metersbonwe's Intangible Assets and Non Current Assets Total 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 Shanghai Metersbonwe FashionAccessories are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Intangible Assets i.e., Shanghai Metersbonwe's Intangible Assets and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

Intangible Assets

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

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Shanghai Metersbonwe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Metersbonwe 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 Shanghai Metersbonwe FashionAccessories. 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 Selling General Administrative is expected to grow to about 76.6 M, whereas Tax Provision is forecasted to decline to about 1 M.
 2021 2022 2023 2024 (projected)
Interest Expense94.4M83.3M58.8M100.1M
Depreciation And Amortization227.1M34.1M58.3M93.8M

Shanghai Metersbonwe fundamental ratios Correlations

0.780.410.590.890.910.110.280.630.20.720.870.060.910.720.650.30.92-0.240.580.680.980.710.740.050.78
0.780.330.580.560.730.220.630.340.060.670.660.130.560.670.510.310.66-0.130.290.720.770.850.540.160.6
0.410.330.110.40.5-0.670.020.35-0.310.380.48-0.120.370.380.25-0.080.2-0.320.490.190.310.210.55-0.270.41
0.590.580.110.20.310.260.81-0.120.75-0.010.530.170.39-0.010.730.260.650.12-0.10.950.620.8-0.010.490.28
0.890.560.40.20.9-0.02-0.140.87-0.140.830.79-0.060.90.830.50.220.8-0.450.810.30.860.410.91-0.260.83
0.910.730.50.310.90.070.110.75-0.120.810.850.040.870.810.450.230.76-0.360.680.450.840.540.89-0.180.85
0.110.22-0.670.26-0.020.070.31-0.180.27-0.020.060.370.04-0.020.070.470.150.18-0.150.260.130.27-0.130.340.13
0.280.630.020.81-0.140.110.31-0.340.5-0.140.20.180.02-0.140.490.150.320.14-0.370.780.320.8-0.190.480.04
0.630.340.35-0.120.870.75-0.18-0.34-0.360.730.46-0.090.780.730.35-0.190.58-0.580.74-0.070.640.210.89-0.640.6
0.20.06-0.310.75-0.14-0.120.270.5-0.36-0.410.090.130.14-0.410.350.070.40.48-0.480.630.270.35-0.460.63-0.22
0.720.670.38-0.010.830.81-0.02-0.140.73-0.410.7-0.020.661.00.220.270.5-0.30.750.210.660.310.86-0.270.78
0.870.660.480.530.790.850.060.20.460.090.70.040.780.70.550.420.7-0.180.660.680.780.490.710.030.91
0.060.13-0.120.17-0.060.040.370.18-0.090.13-0.020.040.05-0.020.040.00.030.17-0.10.180.050.15-0.040.05-0.06
0.910.560.370.390.90.870.040.020.780.140.660.780.050.660.610.070.83-0.260.670.460.890.470.78-0.220.73
0.720.670.38-0.010.830.81-0.02-0.140.73-0.411.00.7-0.020.660.220.270.5-0.30.750.210.660.310.86-0.270.78
0.650.510.250.730.50.450.070.490.350.350.220.550.040.610.220.090.66-0.440.340.670.710.720.38-0.050.5
0.30.31-0.080.260.220.230.470.15-0.190.070.270.420.00.070.270.090.220.030.190.340.240.230.070.580.41
0.920.660.20.650.80.760.150.320.580.40.50.70.030.830.50.660.22-0.210.390.650.960.730.570.160.59
-0.24-0.13-0.320.12-0.45-0.360.180.14-0.580.48-0.3-0.180.17-0.26-0.3-0.440.03-0.21-0.540.18-0.25-0.25-0.560.52-0.39
0.580.290.49-0.10.810.68-0.15-0.370.74-0.480.750.66-0.10.670.750.340.190.39-0.540.020.510.080.87-0.50.83
0.680.720.190.950.30.450.260.78-0.070.630.210.680.180.460.210.670.340.650.180.020.680.790.130.480.43
0.980.770.310.620.860.840.130.320.640.270.660.780.050.890.660.710.240.96-0.250.510.680.760.690.050.7
0.710.850.210.80.410.540.270.80.210.350.310.490.150.470.310.720.230.73-0.250.080.790.760.30.250.38
0.740.540.55-0.010.910.89-0.13-0.190.89-0.460.860.71-0.040.780.860.380.070.57-0.560.870.130.690.3-0.490.84
0.050.16-0.270.49-0.26-0.180.340.48-0.640.63-0.270.030.05-0.22-0.27-0.050.580.160.52-0.50.480.050.25-0.49-0.19
0.780.60.410.280.830.850.130.040.6-0.220.780.91-0.060.730.780.50.410.59-0.390.830.430.70.380.84-0.19
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Shanghai Metersbonwe Account Relationship Matchups

Shanghai Metersbonwe fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.4B5.3B5.1B3.8B2.7B2.6B
Short Long Term Debt Total1.2B1.3B1.7B1.1B575.1M546.3M
Other Current Liab75.4M74.1M110.2M1.5B64.5M61.3M
Total Current Liabilities4.3B4.1B4.0B3.4B2.0B3.2B
Total Stockholder Equity2.0B1.2B711.7M247.1M451.0M428.5M
Property Plant And Equipment Net1.1B1.1B1.4B834.4M264.3M251.1M
Current Deferred Revenue853.1M1.1B1.0B78.7M820.3M603.3M
Net Debt802.9M1.2B1.4B965.2M355.0M644.8M
Retained Earnings(1.2B)(2.0B)(2.5B)(3.0B)(3.0B)(2.9B)
Accounts Payable2.2B1.6B1.6B850.4M664.6M1.0B
Cash375.1M181.3M331.0M125.9M220.1M209.1M
Non Current Assets Total2.4B2.2B2.5B2.1B1.3B2.4B
Other Assets654.7M444.8M448.6M1.01.151.09
Cash And Short Term Investments375.1M181.3M331.0M125.9M220.1M209.1M
Net Receivables1.3B1.2B1.0B701.2M613.3M1.2B
Liabilities And Stockholders Equity6.4B5.3B5.1B3.8B2.7B2.6B
Inventory2.1B1.6B1.1B745.4M468.2M444.8M
Other Current Assets283.8M144.3M129.9M81.8M67.3M70.7M
Other Stockholder Equity31.7M31.7M(29.4M)31.7M684.9M590.8M
Total Liab4.3B4.1B4.4B3.5B2.3B3.5B
Total Current Assets4.0B3.1B2.6B1.7B1.4B1.3B
Short Term Debt1.2B1.3B1.3B978.4M417.5M396.6M
Intangible Assets37.1M32.1M19.3M17.3M6.9M6.5M
Property Plant Equipment1.1B1.1B1.4B834.4M959.6M1.5B
Short Term Investments(611.2M)(342.3M)(371.0M)(594.7M)(793.7M)(833.4M)
Net Tangible Assets2.0B1.1B692.3M229.7M206.8M196.4M
Deferred Long Term Liab165.6M94.7M44.7M19.9M17.9M17.0M
Short Long Term Debt1.2B1.3B1.2B946.7M383.8M364.6M
Net Invested Capital3.2B2.5B1.9B1.2B834.9M793.1M
Net Working Capital(359.4M)(992.3M)(1.4B)(1.7B)(598.0M)(627.9M)

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Other Information on Investing in Shanghai Stock

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