Qifeng Cash vs Inventory Analysis

002521 Stock   11.13  0.04  0.36%   
Qifeng New financial indicator trend analysis is much more than just breaking down Qifeng New Material prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qifeng New Material is a good investment. Please check the relationship between Qifeng New Cash and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Qifeng New Material. 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.

Cash vs Inventory

Cash vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qifeng New Material Cash account and Inventory. At this time, the significance of the direction appears to have no relationship.
The correlation between Qifeng New's Cash and Inventory is 0.07. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Inventory in the same time period over historical financial statements of Qifeng New Material, assuming nothing else is changed. The correlation between historical values of Qifeng New's Cash 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 Cash of Qifeng New Material 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 Cash i.e., Qifeng New's Cash and Inventory go up and down completely randomly.

Correlation Coefficient

0.07
Relationship DirectionPositive 
Relationship StrengthInsignificant

Cash

Cash refers to the most liquid asset of Qifeng New Material, which is listed under current asset account on Qifeng New Material balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Qifeng New customers. The amounts must be unrestricted with restricted cash listed in a different Qifeng New account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Inventory

Most indicators from Qifeng New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qifeng New Material 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 Qifeng New Material. 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 45.5 M. The current year's Tax Provision is expected to grow to about 53 M
 2021 2022 2023 2024 (projected)
Interest Expense19.6M20.4M18.6M19.1M
Depreciation And Amortization139.7M146.2M163.4M101.2M

Qifeng New fundamental ratios Correlations

0.06-0.060.640.970.690.940.50.220.970.68-0.20.930.440.130.260.89-0.110.950.610.060.630.250.880.620.97
0.06-0.34-0.12-0.05-0.220.040.010.410.05-0.120.130.080.070.420.04-0.05-0.06-0.09-0.220.89-0.050.12-0.10.420.05
-0.06-0.340.23-0.11-0.27-0.03-0.15-0.4-0.17-0.10.25-0.07-0.160.31-0.01-0.070.18-0.09-0.09-0.110.31-0.1-0.110.14-0.05
0.64-0.120.230.50.320.50.690.040.680.9-0.110.610.650.210.510.63-0.140.470.24-0.170.47-0.370.30.810.61
0.97-0.05-0.110.50.780.950.40.210.930.57-0.250.910.34-0.010.140.87-0.090.990.65-0.060.620.360.960.420.93
0.69-0.22-0.270.320.780.830.360.540.730.35-0.710.760.18-0.37-0.30.78-0.060.760.41-0.370.320.460.750.070.59
0.940.04-0.030.50.950.830.420.390.90.47-0.40.940.25-0.01-0.050.91-0.090.930.49-0.010.590.420.910.450.86
0.50.01-0.150.690.40.360.420.190.570.69-0.210.470.450.150.340.6-0.470.40.16-0.05-0.03-0.260.230.610.48
0.220.41-0.40.040.210.540.390.190.30.04-0.850.340.01-0.21-0.580.37-0.070.150.030.19-0.090.520.110.150.12
0.970.05-0.170.680.930.730.90.570.30.74-0.290.950.540.020.260.85-0.170.890.55-0.010.540.180.810.620.89
0.68-0.12-0.10.90.570.350.470.690.040.74-0.110.580.690.140.60.65-0.120.530.42-0.130.32-0.30.370.740.69
-0.20.130.25-0.11-0.25-0.71-0.4-0.21-0.85-0.29-0.11-0.320.020.480.65-0.430.08-0.21-0.160.310.07-0.49-0.170.08-0.1
0.930.08-0.070.610.910.760.940.470.340.950.58-0.320.45-0.070.090.83-0.220.870.38-0.020.60.230.830.550.8
0.440.07-0.160.650.340.180.250.450.010.540.690.020.45-0.020.550.24-0.410.320.22-0.080.45-0.410.180.560.4
0.130.420.310.21-0.01-0.37-0.010.15-0.210.020.140.48-0.07-0.020.380.020.33-0.030.130.630.090.01-0.060.550.26
0.260.04-0.010.510.14-0.3-0.050.34-0.580.260.60.650.090.550.380.03-0.070.150.220.10.22-0.680.040.520.35
0.89-0.05-0.070.630.870.780.910.60.370.850.65-0.430.830.240.020.03-0.050.870.44-0.070.430.270.780.530.86
-0.11-0.060.18-0.14-0.09-0.06-0.09-0.47-0.07-0.17-0.120.08-0.22-0.410.33-0.07-0.05-0.140.010.1-0.010.25-0.08-0.12-0.02
0.95-0.09-0.090.470.990.760.930.40.150.890.53-0.210.870.32-0.030.150.87-0.140.65-0.10.630.320.960.370.93
0.61-0.22-0.090.240.650.410.490.160.030.550.42-0.160.380.220.130.220.440.010.65-0.070.320.430.60.180.71
0.060.89-0.11-0.17-0.06-0.37-0.01-0.050.19-0.01-0.130.31-0.02-0.080.630.1-0.070.1-0.1-0.07-0.120.22-0.10.440.11
0.63-0.050.310.470.620.320.59-0.03-0.090.540.320.070.60.450.090.220.43-0.010.630.32-0.120.010.610.360.6
0.250.12-0.1-0.370.360.460.42-0.260.520.18-0.3-0.490.23-0.410.01-0.680.270.250.320.430.220.010.43-0.220.24
0.88-0.1-0.110.30.960.750.910.230.110.810.37-0.170.830.18-0.060.040.78-0.080.960.6-0.10.610.430.210.84
0.620.420.140.810.420.070.450.610.150.620.740.080.550.560.550.520.53-0.120.370.180.440.36-0.220.210.62
0.970.05-0.050.610.930.590.860.480.120.890.69-0.10.80.40.260.350.86-0.020.930.710.110.60.240.840.62
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Qifeng New Account Relationship Matchups

Qifeng New fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.3B4.7B5.1B4.7B5.0B3.8B
Short Long Term Debt Total380.5M450.6M457.7M596.4M552.0M557.6M
Other Current Liab33.0M6.1M6.4M77.7M2.5M2.4M
Total Current Liabilities841.8M1.2B1.5B1.2B1.3B964.8M
Total Stockholder Equity3.5B3.5B3.6B3.5B3.7B2.8B
Other Liab18.2M17.0M14.3M15.7M18.0M11.0M
Property Plant And Equipment Net1.3B1.2B1.2B1.3B1.4B1.1B
Current Deferred Revenue54.4M110.6M111.7M25.3M99.4M104.4M
Net Debt226.6M5.5M(92.0M)177.7M86.4M90.8M
Retained Earnings863.6M973.5M1.1B1.0B1.2B698.7M
Accounts Payable374.0M681.3M888.8M471.7M610.5M347.5M
Cash153.9M445.1M549.7M418.6M465.6M415.9M
Non Current Assets Total1.4B1.4B1.5B1.7B2.2B1.3B
Non Currrent Assets Other9.4M30.2M950.0M761.2M537.7M564.5M
Cash And Short Term Investments153.9M1.4B1.4B1.1B881.2M757.4M
Net Receivables1.6B1.6B1.5B1.2B1.4B1.1B
Common Stock Shares Outstanding501.6M486.3M494.7M494.7M493.3M469.7M
Short Term Investments792.1M922.0M887.4M642.1M415.6M668.8M
Liabilities And Stockholders Equity4.3B4.7B5.1B4.7B5.0B3.8B
Non Current Liabilities Total17.0M14.3M20.0M15.8M13.0M12.3M
Inventory409.4M336.5M505.3M684.8M447.1M436.9M
Other Current Assets806.9M13.1M37.2M30.9M28.8M27.4M
Other Stockholder Equity2.1B2.0B1.9B1.9B2.1B1.7B
Total Liab858.9M1.3B1.5B1.2B1.3B1.0B
Total Current Assets2.9B3.3B3.5B3.0B2.8B2.6B
Short Term Debt380.5M450.6M453.3M594.9M552.0M502.7M
Intangible Assets112.0M109.2M106.3M120.0M117.0M99.5M
Property Plant Equipment1.4B1.3B1.2B1.2B1.4B1.0B
Net Tangible Assets3.3B3.4B3.4B3.5B4.0B3.7B
Deferred Long Term Liab163.5K2.6M2.4M2.0M2.3M1.4M
Short Long Term Debt380.5M450.6M450.6M592.0M550.6M547.9M
Net Invested Capital3.9B3.9B4.0B4.1B4.3B4.4B
Net Working Capital2.1B2.1B2.1B1.8B1.5B1.5B

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Other Information on Investing in Qifeng Stock

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