Shenzhen Other Current Liab vs Total Assets Analysis

002813 Stock   25.96  0.39  1.53%   
Shenzhen RoadRover financial indicator trend analysis is much more than just breaking down Shenzhen RoadRover prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen RoadRover is a good investment. Please check the relationship between Shenzhen RoadRover Other Current Liab and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen RoadRover Technology. 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 Liab vs Total Assets

Other Current Liab vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen RoadRover Other Current Liab account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Shenzhen RoadRover's Other Current Liab and Total Assets is -0.3. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Assets in the same time period over historical financial statements of Shenzhen RoadRover Technology, assuming nothing else is changed. The correlation between historical values of Shenzhen RoadRover's Other Current Liab and Total Assets 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 Liab of Shenzhen RoadRover Technology are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Liab i.e., Shenzhen RoadRover's Other Current Liab and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.3
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Current Liab

Total Assets

Total assets refers to the total amount of Shenzhen RoadRover assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Shenzhen RoadRover books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Shenzhen RoadRover's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen RoadRover 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 Shenzhen RoadRover Technology. 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 14.9 M, whereas Selling General Administrative is forecasted to decline to about 30.4 M.
 2021 2022 2023 2024 (projected)
Cost Of Revenue308.5M273.9M220.2M408.3M
Research Development17.4M15.1M30.9M33.3M

Shenzhen RoadRover fundamental ratios Correlations

-0.30.940.830.450.670.890.620.520.870.870.790.940.740.430.550.06-0.050.75-0.010.770.880.890.20.330.66
-0.3-0.08-0.60.020.15-0.10.19-0.42-0.180.040.09-0.060.04-0.78-0.420.8-0.53-0.08-0.40.02-0.22-0.05-0.650.530.28
0.94-0.080.610.350.630.960.630.450.920.910.810.990.680.220.350.32-0.190.66-0.040.860.920.940.140.440.73
0.83-0.60.610.410.60.540.410.480.630.60.530.60.60.650.64-0.40.250.760.030.480.660.620.350.040.42
0.450.020.350.410.620.430.62-0.030.120.440.70.430.820.210.710.21-0.460.35-0.490.050.060.2-0.450.580.41
0.670.150.630.60.620.550.810.090.470.820.690.640.82-0.110.440.34-0.40.86-0.50.490.510.65-0.360.750.86
0.89-0.10.960.540.430.550.60.310.850.860.770.970.650.230.450.31-0.240.54-0.040.740.820.860.080.450.61
0.620.190.630.410.620.810.60.110.350.820.70.650.87-0.180.340.54-0.490.68-0.450.350.460.66-0.530.880.88
0.52-0.420.450.48-0.030.090.310.110.420.340.410.450.220.51-0.03-0.180.310.310.080.40.540.380.54-0.160.26
0.87-0.180.920.630.120.470.850.350.420.760.650.880.460.340.250.110.030.640.130.940.950.910.380.150.53
0.870.040.910.60.440.820.860.820.340.760.80.90.80.030.30.44-0.350.83-0.270.740.840.92-0.110.680.91
0.790.090.810.530.70.690.770.70.410.650.80.840.890.230.370.43-0.390.61-0.30.670.640.71-0.130.570.74
0.94-0.060.990.60.430.640.970.650.450.880.90.840.710.230.410.33-0.220.63-0.060.830.870.910.080.460.71
0.740.040.680.60.820.820.650.870.220.460.80.890.710.170.540.37-0.410.7-0.380.450.50.63-0.340.710.79
0.43-0.780.220.650.21-0.110.23-0.180.510.340.030.230.230.170.47-0.690.60.10.360.140.30.110.71-0.53-0.23
0.55-0.420.350.640.710.440.450.34-0.030.250.30.370.410.540.47-0.3-0.040.260.020.060.150.22-0.060.130.09
0.060.80.32-0.40.210.340.310.54-0.180.110.440.430.330.37-0.69-0.3-0.790.14-0.380.30.130.33-0.680.80.6
-0.05-0.53-0.190.25-0.46-0.4-0.24-0.490.310.03-0.35-0.39-0.22-0.410.6-0.04-0.79-0.130.49-0.140.04-0.190.76-0.77-0.47
0.75-0.080.660.760.350.860.540.680.310.640.830.610.630.70.10.260.14-0.13-0.290.620.720.79-0.040.510.8
-0.01-0.4-0.040.03-0.49-0.5-0.04-0.450.080.13-0.27-0.3-0.06-0.380.360.02-0.380.49-0.290.090.09-0.010.47-0.62-0.49
0.770.020.860.480.050.490.740.350.40.940.740.670.830.450.140.060.3-0.140.620.090.920.890.270.230.62
0.88-0.220.920.660.060.510.820.460.540.950.840.640.870.50.30.150.130.040.720.090.920.940.390.210.66
0.89-0.050.940.620.20.650.860.660.380.910.920.710.910.630.110.220.33-0.190.79-0.010.890.940.080.460.78
0.2-0.650.140.35-0.45-0.360.08-0.530.540.38-0.11-0.130.08-0.340.71-0.06-0.680.76-0.040.470.270.390.08-0.77-0.32
0.330.530.440.040.580.750.450.88-0.160.150.680.570.460.71-0.530.130.8-0.770.51-0.620.230.210.46-0.770.82
0.660.280.730.420.410.860.610.880.260.530.910.740.710.79-0.230.090.6-0.470.8-0.490.620.660.78-0.320.82
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Shenzhen RoadRover Account Relationship Matchups

Shenzhen RoadRover fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B540.5M589.3M551.3M511.4M705.3M
Other Current Liab59.7M37.5M71.5M68.5M23.3M22.2M
Total Current Liabilities738.8M130.7M174.5M144.5M133.3M126.6M
Total Stockholder Equity305.8M382.7M387.6M392.0M364.7M460.6M
Other Liab13.2M18.5M15.5M5.7M5.2M4.9M
Retained Earnings(21.3M)57.9M63.1M66.4M(5.7M)(5.4M)
Accounts Payable420.3M74.0M71.7M48.8M45.8M43.5M
Cash99.3M39.9M79.4M77.4M61.2M108.1M
Other Assets186.0M96.2M129.4M122.4M140.8M122.1M
Net Receivables450.8M64.5M134.2M49.2M44.6M42.4M
Inventory179.6M63.5M38.4M45.6M52.1M49.5M
Other Current Assets13.5M10.0M7.4M8.1M4.3M4.1M
Total Liab799.6M158.6M202.5M160.3M147.6M140.2M
Intangible Assets4.5M98.4K1.3M1.1M1.3M1.2M
Property Plant Equipment236.4M163.1M164.3M144.8M166.5M236.6M
Net Tangible Assets668.4M305.3M382.6M386.3M347.7M392.2M
Other Stockholder Equity871.1K6.4K(349.1K)753.7K866.7K910.0K
Deferred Long Term Liab24.9M8.5M4.4M3.3M2.9M2.8M
Short Long Term Debt244.6M5.0M10.0M10.0M19.8M18.8M
Total Current Assets763.2M243.7M299.7M285.1M252.8M480.7M
Non Current Assets Total340.8M296.8M289.7M266.2M258.5M285.8M
Non Currrent Assets Other1.0M624.0K1.2M600K229K217.6K
Non Current Liabilities Total60.8M27.8M28.1M15.8M14.3M24.4M
Non Current Liabilities Other1.1M5.8M7.8M3.5M2.1M2.0M
Net Invested Capital597.9M397.1M397.6M402.0M384.5M509.6M
Net Working Capital24.4M113.0M125.2M140.7M119.6M111.2M

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Other Information on Investing in Shenzhen Stock

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