HeNan Good Will vs Total Stockholder Equity Analysis

002296 Stock

11.49 0.26 2.32%

HeNan Splendor financial indicator trend analysis is much more than just examining HeNan Splendor Science latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HeNan Splendor Science is a good investment. Please check the relationship between HeNan Splendor Good Will and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in HeNan Splendor Science. 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 Total Stockholder Equity

Good Will vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HeNan Splendor Science Good Will account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between HeNan Splendor's Good Will and Total Stockholder Equity is -0.66. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of HeNan Splendor Science, assuming nothing else is changed. The correlation between historical values of HeNan Splendor's Good Will and Total Stockholder Equity 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 HeNan Splendor Science are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Good Will i.e., HeNan Splendor's Good Will and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.66

Relationship Direction	Negative
Relationship Strength	Weak

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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.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from HeNan Splendor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HeNan Splendor Science 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 HeNan Splendor Science. 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 52.7 M, whereas Tax Provision is forecasted to decline to about 12.5 M.

	2021	2022	2023	2024 (projected)
Operating Income	174.8M	109.5M	113.7M	106.1M
Total Revenue	737.2M	651.9M	740.2M	514.8M

Operating Income Total Revenue

HeNan Splendor fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Good Will	Net Tangible Assets	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt	Non Current Liabilities Other
Total Assets		0.33	0.82	0.98	0.52	0.82	0.89	0.39	0.28	0.79	0.66	0.34	0.83	0.47	0.95	0.75	-0.37	-0.61	0.56	-0.26	-0.14	0.34	0.19	-0.54	-0.48	-0.59
Other Current Liab	0.33		0.42	0.33	0.32	0.49	0.34	-0.24	0.4	0.27	0.23	-0.25	0.23	0.15	0.31	0.55	-0.35	-0.37	0.23	-0.35	-0.02	0.18	0.42	-0.44	-0.47	-0.42
Total Current Liabilities	0.82	0.42		0.71	0.54	0.68	0.72	0.18	0.3	0.74	0.57	0.23	0.89	0.25	0.76	0.7	-0.47	-0.58	0.45	-0.42	0.09	0.23	0.15	-0.56	-0.45	-0.65
Total Stockholder Equity	0.98	0.33	0.71		0.54	0.86	0.87	0.32	0.36	0.71	0.69	0.4	0.69	0.45	0.93	0.8	-0.43	-0.66	0.63	-0.29	-0.25	0.4	0.24	-0.6	-0.55	-0.62
Other Liab	0.52	0.32	0.54	0.54		0.74	0.5	-0.36	0.61	0.18	0.95	0.76	0.33	-0.02	0.42	0.71	-0.63	-0.68	0.85	-0.43	-0.49	0.8	0.1	-0.63	-0.82	-0.61
Retained Earnings	0.82	0.49	0.68	0.86	0.74		0.68	-0.17	0.51	0.45	0.81	0.51	0.54	0.29	0.81	0.94	-0.62	-0.82	0.88	-0.42	-0.37	0.66	0.3	-0.76	-0.76	-0.78
Accounts Payable	0.89	0.34	0.72	0.87	0.5	0.68		0.44	0.43	0.73	0.57	0.2	0.74	0.35	0.78	0.6	-0.19	-0.38	0.44	-0.15	-0.02	0.35	0.22	-0.33	-0.38	-0.35
Cash	0.39	-0.24	0.18	0.32	-0.36	-0.17	0.44		-0.4	0.52	-0.22	-0.3	0.48	0.42	0.33	-0.26	0.48	0.35	-0.42	0.38	0.38	-0.4	-0.17	0.38	0.42	0.35
Other Assets	0.28	0.4	0.3	0.36	0.61	0.51	0.43	-0.4		0.14	0.47	0.33	-0.05	-0.35	0.16	0.61	-0.5	-0.38	0.58	-0.44	-0.22	0.56	0.21	-0.43	-0.55	-0.43
Net Receivables	0.79	0.27	0.74	0.71	0.18	0.45	0.73	0.52	0.14		0.28	0.06	0.79	0.46	0.79	0.44	-0.22	-0.37	0.08	-0.19	-0.01	-0.14	0.04	-0.34	-0.12	-0.39
Inventory	0.66	0.23	0.57	0.69	0.95	0.81	0.57	-0.22	0.47	0.28		0.83	0.42	0.18	0.59	0.76	-0.69	-0.78	0.88	-0.48	-0.57	0.73	0.15	-0.72	-0.82	-0.7
Other Current Assets	0.34	-0.25	0.23	0.4	0.76	0.51	0.2	-0.3	0.33	0.06	0.83		0.12	0.06	0.33	0.47	-0.59	-0.61	0.74	-0.38	-0.67	0.63	-0.1	-0.53	-0.59	-0.52
Total Liab	0.83	0.23	0.89	0.69	0.33	0.54	0.74	0.48	-0.05	0.79	0.42	0.12		0.46	0.81	0.46	-0.11	-0.35	0.26	-0.09	0.19	0.12	-0.01	-0.28	-0.2	-0.36
Intangible Assets	0.47	0.15	0.25	0.45	-0.02	0.29	0.35	0.42	-0.35	0.46	0.18	0.06	0.46		0.61	0.17	-0.05	-0.13	0.08	-0.04	-0.03	0.01	0.06	-0.11	-0.08	-0.12
Common Stock	0.95	0.31	0.76	0.93	0.42	0.81	0.78	0.33	0.16	0.79	0.59	0.33	0.81	0.61		0.75	-0.4	-0.65	0.52	-0.29	-0.2	0.25	0.25	-0.59	-0.47	-0.63
Property Plant Equipment	0.75	0.55	0.7	0.8	0.71	0.94	0.6	-0.26	0.61	0.44	0.76	0.47	0.46	0.17	0.75		-0.75	-0.88	0.82	-0.58	-0.39	0.53	0.46	-0.87	-0.82	-0.88
Long Term Debt	-0.37	-0.35	-0.47	-0.43	-0.63	-0.62	-0.19	0.48	-0.5	-0.22	-0.69	-0.59	-0.11	-0.05	-0.4	-0.75		0.87	-0.65	0.81	0.55	-0.32	-0.39	0.93	0.75	0.93
Good Will	-0.61	-0.37	-0.58	-0.66	-0.68	-0.82	-0.38	0.35	-0.38	-0.37	-0.78	-0.61	-0.35	-0.13	-0.65	-0.88	0.87		-0.75	0.59	0.64	-0.37	-0.44	0.96	0.78	0.95
Net Tangible Assets	0.56	0.23	0.45	0.63	0.85	0.88	0.44	-0.42	0.58	0.08	0.88	0.74	0.26	0.08	0.52	0.82	-0.65	-0.75		-0.42	-0.45	0.87	0.2	-0.69	-0.81	-0.69
Long Term Investments	-0.26	-0.35	-0.42	-0.29	-0.43	-0.42	-0.15	0.38	-0.44	-0.19	-0.48	-0.38	-0.09	-0.04	-0.29	-0.58	0.81	0.59	-0.42		0.24	-0.2	-0.31	0.73	0.56	0.77
Total Current Assets	-0.14	-0.02	0.09	-0.25	-0.49	-0.37	-0.02	0.38	-0.22	-0.01	-0.57	-0.67	0.19	-0.03	-0.2	-0.39	0.55	0.64	-0.45	0.24		-0.24	-0.19	0.61	0.61	0.47
Non Current Assets Total	0.34	0.18	0.23	0.4	0.8	0.66	0.35	-0.4	0.56	-0.14	0.73	0.63	0.12	0.01	0.25	0.53	-0.32	-0.37	0.87	-0.2	-0.24		-0.1	-0.3	-0.61	-0.3
Non Currrent Assets Other	0.19	0.42	0.15	0.24	0.1	0.3	0.22	-0.17	0.21	0.04	0.15	-0.1	-0.01	0.06	0.25	0.46	-0.39	-0.44	0.2	-0.31	-0.19	-0.1		-0.5	-0.41	-0.44
Non Current Liabilities Total	-0.54	-0.44	-0.56	-0.6	-0.63	-0.76	-0.33	0.38	-0.43	-0.34	-0.72	-0.53	-0.28	-0.11	-0.59	-0.87	0.93	0.96	-0.69	0.73	0.61	-0.3	-0.5		0.83	0.98
Short Long Term Debt	-0.48	-0.47	-0.45	-0.55	-0.82	-0.76	-0.38	0.42	-0.55	-0.12	-0.82	-0.59	-0.2	-0.08	-0.47	-0.82	0.75	0.78	-0.81	0.56	0.61	-0.61	-0.41	0.83		0.76
Non Current Liabilities Other	-0.59	-0.42	-0.65	-0.62	-0.61	-0.78	-0.35	0.35	-0.43	-0.39	-0.7	-0.52	-0.36	-0.12	-0.63	-0.88	0.93	0.95	-0.69	0.77	0.47	-0.3	-0.44	0.98	0.76

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HeNan Splendor Account Relationship Matchups

HeNan Splendor fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	2.2B	2.3B	2.5B	2.6B	1.9B
Other Current Liab	84.6M	227.8M	354.6M	298.4M	5.2M	4.9M
Total Current Liabilities	293.8M	489.5M	584.1M	583.1M	548.0M	415.0M
Total Stockholder Equity	1.5B	1.6B	1.6B	1.8B	2.0B	1.4B
Other Liab	17.9M	36.9M	51.1M	52.8M	60.8M	63.8M
Retained Earnings	567.0M	633.3M	753.4M	857.4M	909.0M	489.6M
Accounts Payable	161.3M	222.4M	192.2M	254.5M	228.2M	187.6M
Cash	333.5M	391.6M	197.1M	266.1M	282.8M	381.7M
Other Assets	92.9M	108.3M	125.2M	127.4M	146.5M	76.8M
Net Receivables	484.1M	456.2M	545.9M	503.2M	446.4M	469.4M
Inventory	235.5M	333.1M	388.1M	462.5M	554.7M	582.4M
Other Current Assets	49.9M	26.5M	41.8M	32.8M	130.1M	136.6M
Total Liab	311.7M	526.4M	635.2M	636.0M	623.4M	509.4M
Intangible Assets	49.9M	50.1M	48.4M	51.7M	48.5M	43.6M
Property Plant Equipment	376.4M	451.4M	479.0M	440.8M	506.9M	259.8M
Net Tangible Assets	1.5B	1.6B	1.6B	1.7B	2.0B	1.6B
Total Current Assets	1.2B	1.5B	1.4B	1.5B	1.5B	1.2B
Non Current Assets Total	618.2M	686.0M	840.9M	951.5M	1.1B	825.1M
Non Currrent Assets Other	6.7M	23.4M	1.5M	5.5M	407.8K	387.4K
Non Current Liabilities Total	17.9M	36.9M	51.1M	52.8M	75.3M	74.2M
Short Long Term Debt	99.6M	178.1M	20.2M	3M	2.7M	2.6M
Net Invested Capital	1.5B	1.6B	1.6B	1.8B	2.0B	1.9B
Net Working Capital	955.3M	992.9M	859.0M	919.9M	948.8M	767.7M

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Other Information on Investing in HeNan Stock

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

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HeNan Good Will vs Total Stockholder Equity Analysis

Good Will vs Total Stockholder Equity

Good Will vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Good Will

Total Stockholder Equity

HeNan Splendor fundamental ratios Correlations

HeNan Splendor Account Relationship Matchups

High Positive Relationship

High Negative Relationship

HeNan Splendor fundamental ratios Accounts

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Total Stockholder Equity	+ 0.98	Total Assets
Non Current Liabilities Other	+ 0.98	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.96	Good Will
Common Stock	+ 0.95	Total Assets
Inventory	+ 0.95	Other Liab
Non Current Liabilities Other	+ 0.95	Good Will

Non Current Liabilities Other	- 0.88	Property Plant Equipment
Good Will	- 0.88	Property Plant Equipment
Non Current Liabilities Total	- 0.87	Property Plant Equipment
Short Long Term Debt	- 0.82	Property Plant Equipment
Short Long Term Debt	- 0.82	Inventory
Good Will	- 0.82	Retained Earnings