Zhejiang Common Stock vs Short Term Investments Analysis

002840 Stock   12.96  0.11  0.86%   
Zhejiang Huatong financial indicator trend analysis is more than just analyzing Zhejiang Huatong Meat current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Huatong Meat is a good investment. Please check the relationship between Zhejiang Huatong Common Stock and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Huatong Meat. 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.

Common Stock vs Short Term Investments

Common Stock vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Huatong Meat Common Stock account and Short Term Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between Zhejiang Huatong's Common Stock and Short Term Investments is -0.8. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Zhejiang Huatong Meat, assuming nothing else is changed. The correlation between historical values of Zhejiang Huatong's Common Stock 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 Common Stock of Zhejiang Huatong Meat are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Common Stock i.e., Zhejiang Huatong's Common Stock and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.8
Relationship DirectionNegative 
Relationship StrengthSignificant

Common Stock

Short Term Investments

Short Term Investments is an item under the current assets section of Zhejiang Huatong balance sheet. It contains any investments Zhejiang Huatong Meat undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Zhejiang Huatong Meat can easily liquidate in the marketplace.
Most indicators from Zhejiang Huatong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Huatong Meat 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 Zhejiang Huatong Meat. 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.
As of December 24, 2024, Selling General Administrative is expected to decline to about 98.5 M. In addition to that, Discontinued Operations is expected to decline to about 8.3 M
 2021 2022 2023 2024 (projected)
Research Development22.5M36.2M49.2M51.7M
Income Tax Expense18.9M9.3M10.7M6.9M

Zhejiang Huatong fundamental ratios Correlations

0.990.220.980.831.00.810.970.190.980.821.00.430.790.820.70.980.960.770.890.990.880.970.770.99-0.79
0.990.120.990.750.990.811.00.060.990.760.990.350.780.760.670.990.960.690.871.00.830.980.690.96-0.78
0.220.120.130.580.18-0.250.060.540.090.560.190.740.180.560.160.10.240.340.360.120.450.130.410.260.2
0.980.990.130.750.990.820.990.030.980.740.980.320.820.740.680.970.970.690.910.990.821.00.690.96-0.76
0.830.750.580.750.80.590.70.590.730.940.820.670.670.940.730.750.760.90.760.750.940.720.910.86-0.61
1.00.990.180.990.80.810.990.130.990.791.00.390.80.790.680.990.960.750.891.00.850.970.740.98-0.79
0.810.81-0.250.820.590.810.820.160.820.50.83-0.040.670.50.680.820.70.740.620.820.590.790.660.82-0.96
0.971.00.060.990.70.990.820.010.990.710.980.290.790.710.650.990.950.670.851.00.790.980.660.94-0.79
0.190.060.540.030.590.130.160.010.070.50.180.470.110.50.310.090.020.640.00.060.39-0.020.610.25-0.27
0.980.990.090.980.730.990.820.990.070.710.980.290.810.710.630.990.930.720.850.990.790.960.710.94-0.81
0.820.760.560.740.940.790.50.710.50.710.80.750.551.00.70.760.80.750.730.750.970.730.770.84-0.51
1.00.990.190.980.821.00.830.980.180.980.80.390.790.80.70.990.950.780.880.990.860.960.770.98-0.81
0.430.350.740.320.670.39-0.040.290.470.290.750.390.30.750.360.350.470.340.460.340.660.320.40.430.04
0.790.780.180.820.670.80.670.790.110.810.550.790.30.550.580.750.790.670.790.790.670.820.650.74-0.58
0.820.760.560.740.940.790.50.710.50.711.00.80.750.550.70.760.80.750.730.750.970.730.770.84-0.51
0.70.670.160.680.730.680.680.650.310.630.70.70.360.580.70.660.660.670.570.670.780.670.590.73-0.61
0.980.990.10.970.750.990.820.990.090.990.760.990.350.750.760.660.940.710.850.990.820.960.690.96-0.81
0.960.960.240.970.760.960.70.950.020.930.80.950.470.790.80.660.940.610.940.960.860.980.640.93-0.62
0.770.690.340.690.90.750.740.670.640.720.750.780.340.670.750.670.710.610.620.70.780.640.950.8-0.8
0.890.870.360.910.760.890.620.850.00.850.730.880.460.790.730.570.850.940.620.880.780.920.650.89-0.54
0.991.00.120.990.751.00.821.00.060.990.750.990.340.790.750.670.990.960.70.880.830.980.690.97-0.79
0.880.830.450.820.940.850.590.790.390.790.970.860.660.670.970.780.820.860.780.780.830.810.790.88-0.58
0.970.980.131.00.720.970.790.98-0.020.960.730.960.320.820.730.670.960.980.640.920.980.810.650.94-0.72
0.770.690.410.690.910.740.660.660.610.710.770.770.40.650.770.590.690.640.950.650.690.790.650.78-0.72
0.990.960.260.960.860.980.820.940.250.940.840.980.430.740.840.730.960.930.80.890.970.880.940.78-0.8
-0.79-0.780.2-0.76-0.61-0.79-0.96-0.79-0.27-0.81-0.51-0.810.04-0.58-0.51-0.61-0.81-0.62-0.8-0.54-0.79-0.58-0.72-0.72-0.8
Click cells to compare fundamentals

Zhejiang Huatong Account Relationship Matchups

Zhejiang Huatong fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.1B5.0B7.1B8.9B8.9B9.4B
Short Long Term Debt Total937.6M1.9B3.8B4.1B4.7B5.0B
Other Current Liab63.2M9.2M8.6M172.5M12.2M11.6M
Total Current Liabilities1.1B1.3B2.3B2.8B3.5B3.7B
Total Stockholder Equity1.5B1.7B1.5B2.7B2.1B1.3B
Property Plant And Equipment Net1.5B2.7B5.0B5.7B6.1B6.4B
Current Deferred Revenue161.7M253.9M241.1M66.4M292.1M306.8M
Net Debt591.2M1.4B3.3B3.1B4.1B4.3B
Retained Earnings677.5M790.5M574.4M655.4M33.5M31.8M
Accounts Payable142.0M227.3M569.0M486.9M621.8M652.9M
Cash346.4M576.3M424.2M998.1M628.5M372.5M
Non Current Assets Total2.1B3.7B5.9B6.5B6.9B7.3B
Non Currrent Assets Other38.5M80.5M22.4M411.3M14.4M13.7M
Cash And Short Term Investments346.4M576.3M424.2M998.1M628.5M372.5M
Net Receivables128.2M117.5M97.2M120.9M141.9M86.9M
Liabilities And Stockholders Equity3.1B5.0B7.1B8.9B8.9B9.4B
Non Current Liabilities Total245.6M1.5B2.7B2.7B3.1B3.3B
Inventory338.2M366.7M524.9M1.0B965.4M1.0B
Other Current Assets190.7M204.5M228.6M195.3M227.2M155.7M
Other Stockholder Equity486.9M362.6M443.4M1.4B1.4B1.5B
Total Liab1.4B2.8B5.0B5.5B6.7B7.0B
Total Current Assets1.0B1.3B1.3B2.3B2.0B1.0B
Short Term Debt762.7M794.3M1.5B2.1B2.6B2.7B
Intangible Assets205.1M245.2M265.6M281.0M287.7M186.3M
Common Stock277.4M448.2M456.2M606.3M614.6M645.4M
Short Term Investments(161.1M)(420.8M)(471.4M)(90.7M)(422.0M)(400.9M)
Long Term Debt174.9M1.1B2.2B1.9B2.0B2.1B
Property Plant Equipment1.6B3.0B5.3B6.0B6.9B7.2B
Other Liab70.7M113.1M232.9M480.3M552.4M580.0M
Good Will26.3M43.9M61.8M65.2M74.9M44.2M
Net Tangible Assets1.2B1.4B1.2B2.3B2.7B2.8B
Deferred Long Term Liab61.6M101.0M68.7M67.7M77.9M46.0M
Short Long Term Debt720.0M716.3M1.3B1.4B2.0B2.1B
Non Current Liabilities Other33.6M181.9M174.9M181.6M372.4M188.8M
Common Stock Shares Outstanding443.8M448.2M456.2M606.3M614.6M538.5M
Net Invested Capital2.4B3.6B5.0B6.0B6.0B4.1B
Net Working Capital(126.1M)(19.6M)(1.0B)(455.8M)(1.5B)(1.5B)
Capital Stock277.4M448.2M456.2M606.3M614.6M489.6M

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Other Information on Investing in Zhejiang Stock

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