Jiamei Inventory vs Cash Analysis

002969 Stock

3.68 0.10 2.79%

Jiamei Food financial indicator trend analysis is infinitely more than just investigating Jiamei Food Packaging recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiamei Food Packaging is a good investment. Please check the relationship between Jiamei Food Inventory and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiamei Food Packaging. 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.

Inventory vs Cash

Inventory vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiamei Food Packaging Inventory account and Cash. At this time, the significance of the direction appears to have strong relationship.

The correlation between Jiamei Food's Inventory and Cash is 0.66. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash in the same time period over historical financial statements of Jiamei Food Packaging, assuming nothing else is changed. The correlation between historical values of Jiamei Food's Inventory and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Jiamei Food Packaging are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Inventory i.e., Jiamei Food's Inventory and Cash go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

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Inventory

Cash

Cash refers to the most liquid asset of Jiamei Food Packaging, which is listed under current asset account on Jiamei Food Packaging balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Jiamei Food customers. The amounts must be unrestricted with restricted cash listed in a different Jiamei Food 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.

Most indicators from Jiamei Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiamei Food Packaging 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 Jiamei Food Packaging. 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 69.4 M, whereas Tax Provision is forecasted to decline to about 34.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	426.9M	263.6M	464.1M	353.2M
Total Revenue	3.5B	3.0B	3.2B	3.1B

Gross Profit Total Revenue

Jiamei Food fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt	Intangible Assets	Common Stock
Total Assets		-0.43	0.35	0.95	0.94	0.93	0.34	0.93	0.62	0.87	0.7	0.81	0.18	0.66	-0.76	0.33	0.96	-0.5	0.76	0.9	-0.94	0.95	-0.13	-0.76	0.65	0.88
Other Current Liab	-0.43		0.06	-0.37	-0.45	-0.38	-0.34	-0.28	0.03	-0.58	-0.22	-0.58	-0.19	-0.62	0.15	-0.19	-0.18	0.46	-0.35	-0.25	0.48	-0.27	0.36	0.31	-0.23	-0.4
Total Current Liabilities	0.35	0.06		0.35	0.3	0.33	-0.22	0.56	0.8	0.03	0.09	-0.16	-0.52	-0.09	-0.57	-0.47	0.39	0.03	0.32	0.21	-0.38	0.51	-0.15	-0.41	0.58	0.28
Total Stockholder Equity	0.95	-0.37	0.35		0.91	0.99	0.32	0.87	0.64	0.85	0.53	0.74	-0.05	0.51	-0.84	0.11	0.92	-0.66	0.52	0.95	-0.88	0.88	-0.21	-0.81	0.71	0.97
Other Liab	0.94	-0.45	0.3	0.91		0.92	0.44	0.82	0.48	0.91	0.71	0.82	0.21	0.62	-0.7	0.36	0.9	-0.49	0.67	0.93	-0.91	0.83	-0.21	-0.68	0.5	0.86
Net Tangible Assets	0.93	-0.38	0.33	0.99	0.92		0.35	0.84	0.61	0.86	0.52	0.74	-0.03	0.52	-0.83	0.14	0.9	-0.66	0.49	0.96	-0.87	0.85	-0.21	-0.78	0.66	0.97
Retained Earnings	0.34	-0.34	-0.22	0.32	0.44	0.35		0.33	0.0	0.38	0.64	0.54	0.16	0.12	0.23	0.23	0.28	0.0	0.05	0.31	-0.08	0.26	-0.76	0.26	-0.37	0.16
Accounts Payable	0.93	-0.28	0.56	0.87	0.82	0.84	0.33		0.81	0.64	0.67	0.61	-0.01	0.51	-0.71	0.13	0.93	-0.29	0.72	0.76	-0.81	0.99	-0.23	-0.65	0.64	0.76
Cash	0.62	0.03	0.8	0.64	0.48	0.61	0.0	0.81		0.24	0.32	0.07	-0.29	0.19	-0.7	-0.2	0.66	-0.1	0.43	0.48	-0.53	0.78	-0.09	-0.51	0.62	0.53
Non Current Assets Total	0.87	-0.58	0.03	0.85	0.91	0.86	0.38	0.64	0.24		0.64	0.92	0.29	0.61	-0.63	0.42	0.78	-0.71	0.58	0.89	-0.86	0.66	-0.15	-0.7	0.5	0.84
Non Currrent Assets Other	0.7	-0.22	0.09	0.53	0.71	0.52	0.64	0.67	0.32	0.64		0.7	0.5	0.39	-0.19	0.6	0.71	0.01	0.7	0.58	-0.52	0.64	-0.25	-0.15	0.02	0.35
Other Assets	0.81	-0.58	-0.16	0.74	0.82	0.74	0.54	0.61	0.07	0.92	0.7		0.36	0.62	-0.39	0.49	0.73	-0.58	0.59	0.78	-0.74	0.63	-0.25	-0.53	0.34	0.71
Long Term Debt	0.18	-0.19	-0.52	-0.05	0.21	-0.03	0.16	-0.01	-0.29	0.29	0.5	0.36		0.61	0.18	0.98	0.12	0.22	0.51	0.11	-0.19	0.07	0.44	0.12	-0.35	-0.06
Net Receivables	0.66	-0.62	-0.09	0.51	0.62	0.52	0.12	0.51	0.19	0.61	0.39	0.62	0.61		-0.4	0.67	0.52	-0.24	0.73	0.51	-0.73	0.6	0.26	-0.5	0.32	0.56
Good Will	-0.76	0.15	-0.57	-0.84	-0.7	-0.83	0.23	-0.71	-0.7	-0.63	-0.19	-0.39	0.18	-0.4		0.06	-0.78	0.63	-0.47	-0.8	0.85	-0.74	-0.19	0.94	-0.9	-0.88
Non Current Liabilities Total	0.33	-0.19	-0.47	0.11	0.36	0.14	0.23	0.13	-0.2	0.42	0.6	0.49	0.98	0.67	0.06		0.29	0.14	0.59	0.28	-0.32	0.22	0.4	0.0	-0.25	0.1
Inventory	0.96	-0.18	0.39	0.92	0.9	0.9	0.28	0.93	0.66	0.78	0.71	0.73	0.12	0.52	-0.78	0.29		-0.42	0.72	0.91	-0.88	0.94	-0.06	-0.74	0.64	0.85
Other Current Assets	-0.5	0.46	0.03	-0.66	-0.49	-0.66	0.0	-0.29	-0.1	-0.71	0.01	-0.58	0.22	-0.24	0.63	0.14	-0.42		-0.04	-0.63	0.56	-0.29	0.11	0.74	-0.67	-0.77
Total Liab	0.76	-0.35	0.32	0.52	0.67	0.49	0.05	0.72	0.43	0.58	0.7	0.59	0.51	0.73	-0.47	0.59	0.72	-0.04		0.51	-0.78	0.76	0.21	-0.53	0.44	0.45
Deferred Long Term Liab	0.9	-0.25	0.21	0.95	0.93	0.96	0.31	0.76	0.48	0.89	0.58	0.78	0.11	0.51	-0.8	0.28	0.91	-0.63	0.51		-0.87	0.79	-0.07	-0.76	0.59	0.94
Short Long Term Debt	-0.94	0.48	-0.38	-0.88	-0.91	-0.87	-0.08	-0.81	-0.53	-0.86	-0.52	-0.74	-0.19	-0.73	0.85	-0.32	-0.88	0.56	-0.78	-0.87		-0.86	-0.07	0.88	-0.75	-0.89
Total Current Assets	0.95	-0.27	0.51	0.88	0.83	0.85	0.26	0.99	0.78	0.66	0.64	0.63	0.07	0.6	-0.74	0.22	0.94	-0.29	0.76	0.79	-0.86		-0.11	-0.7	0.66	0.79
Non Current Liabilities Other	-0.13	0.36	-0.15	-0.21	-0.21	-0.21	-0.76	-0.23	-0.09	-0.15	-0.25	-0.25	0.44	0.26	-0.19	0.4	-0.06	0.11	0.21	-0.07	-0.07	-0.11		-0.21	0.14	-0.07
Short Term Debt	-0.76	0.31	-0.41	-0.81	-0.68	-0.78	0.26	-0.65	-0.51	-0.7	-0.15	-0.53	0.12	-0.5	0.94	0.0	-0.74	0.74	-0.53	-0.76	0.88	-0.7	-0.21		-0.94	-0.89
Intangible Assets	0.65	-0.23	0.58	0.71	0.5	0.66	-0.37	0.64	0.62	0.5	0.02	0.34	-0.35	0.32	-0.9	-0.25	0.64	-0.67	0.44	0.59	-0.75	0.66	0.14	-0.94		0.77
Common Stock	0.88	-0.4	0.28	0.97	0.86	0.97	0.16	0.76	0.53	0.84	0.35	0.71	-0.06	0.56	-0.88	0.1	0.85	-0.77	0.45	0.94	-0.89	0.79	-0.07	-0.89	0.77

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Jiamei Food Account Relationship Matchups

Jiamei Food fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.8B	3.6B	4.7B	4.5B	4.4B	4.2B
Other Current Liab	40.5M	292.8M	130.9M	131.4M	1.9M	1.8M
Total Current Liabilities	1.4B	1.3B	1.6B	1.3B	1.0B	1.1B
Total Stockholder Equity	2.1B	2.1B	2.4B	2.4B	2.5B	2.2B
Other Liab	44.0M	44.3M	72.9M	70.2M	80.7M	55.4M
Net Tangible Assets	1.9B	1.9B	2.2B	2.2B	2.5B	1.9B
Retained Earnings	408.2M	424.6M	578.9M	585.4M	641.4M	471.2M
Accounts Payable	815.4M	704.5M	1.2B	948.6M	735.3M	828.1M
Cash	732.6M	516.5M	795.9M	585.1M	264.3M	251.1M
Non Current Assets Total	2.2B	2.2B	2.4B	2.7B	2.8B	2.6B
Non Currrent Assets Other	24.6M	24.8M	118.0M	145.4M	76.1M	66.6M
Other Assets	92.1M	112.7M	211.5M	279.9M	321.9M	338.0M
Long Term Debt	266.4M	0.0	577.1M	672.7M	710.4M	504.2M
Net Receivables	416.0M	325.4M	453.0M	386.7M	463.7M	441.9M
Non Current Liabilities Total	310.4M	146.7M	706.4M	772.3M	825.2M	594.1M
Inventory	334.9M	421.9M	596.5M	562.0M	466.4M	448.6M
Other Current Assets	63.8M	62.9M	190.1M	68.2M	16.3M	15.5M
Total Liab	1.7B	1.5B	2.3B	2.1B	1.9B	2.1B
Deferred Long Term Liab	26.2M	38.0M	40.5M	46.4M	53.3M	34.3M
Short Long Term Debt	228.8M	272.2M	134.5M	170.3M	130.4M	166.4M
Total Current Assets	1.5B	1.4B	2.3B	1.8B	1.5B	1.7B
Intangible Assets	194.9M	188.5M	184.7M	181.0M	173.3M	200.7M
Common Stock	952.6M	960.3M	962.3M	962.2M	1.1B	988.2M
Property Plant Equipment	2.0B	1.9B	2.0B	2.3B	2.6B	2.2B
Common Stock Shares Outstanding	952.6M	960.3M	962.3M	962.2M	959.1M	1.0B
Net Invested Capital	2.3B	2.4B	3.1B	3.2B	3.4B	2.9B
Net Working Capital	145.3M	82.1M	705.4M	420.1M	512.6M	538.3M
Capital Stock	952.6M	960.3M	962.3M	962.2M	959.1M	1.0B

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Other Information on Investing in Jiamei Stock

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

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Jiamei Inventory vs Cash Analysis

Inventory vs Cash

Inventory vs Cash Correlation Analysis

Correlation Coefficient

Inventory

Cash

Jiamei Food fundamental ratios Correlations

Jiamei Food Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Jiamei Food fundamental ratios Accounts

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Other Information on Investing in Jiamei Stock

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Net Tangible Assets	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Accounts Payable
Non Current Liabilities Total	+ 0.98	Long Term Debt
Common Stock	+ 0.97	Total Stockholder Equity
Common Stock	+ 0.97	Net Tangible Assets
Inventory	+ 0.96	Total Assets

Intangible Assets	- 0.94	Short Term Debt
Short Long Term Debt	- 0.94	Total Assets
Short Long Term Debt	- 0.91	Other Liab
Intangible Assets	- 0.9	Good Will
Common Stock	- 0.89	Short Term Debt
Common Stock	- 0.89	Short Long Term Debt