Zhuhai Total Current Assets vs Other Stockholder Equity Analysis

002975 Stock   35.09  2.09  5.62%   
Zhuhai Bojay financial indicator trend analysis is more than just analyzing Zhuhai Bojay Electronics current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhuhai Bojay Electronics is a good investment. Please check the relationship between Zhuhai Bojay Total Current Assets and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhuhai Bojay Electronics. 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.

Total Current Assets vs Other Stockholder Equity

Total Current Assets vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhuhai Bojay Electronics Total Current Assets account and Other Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Zhuhai Bojay's Total Current Assets and Other Stockholder Equity is 0.84. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Zhuhai Bojay Electronics, assuming nothing else is changed. The correlation between historical values of Zhuhai Bojay's Total Current Assets and Other 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 Total Current Assets of Zhuhai Bojay Electronics are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Current Assets i.e., Zhuhai Bojay's Total Current Assets and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Other Stockholder Equity

Most indicators from Zhuhai Bojay's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhuhai Bojay Electronics 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 Zhuhai Bojay Electronics. 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 Tax Provision is expected to grow to about (17.7 M). In addition to that, Selling General Administrative is expected to decline to about 131.3 M
 2021 2022 2023 2024 (projected)
Gross Profit597.8M592.7M427.1M487.4M
Total Revenue1.2B1.2B905.4M975.9M

Zhuhai Bojay fundamental ratios Correlations

0.250.290.380.420.270.390.280.560.090.170.410.430.220.330.390.390.580.04-0.110.10.110.3-0.320.330.4
0.250.920.940.950.950.840.970.840.830.890.950.940.910.960.950.860.860.89-0.030.840.880.88-0.840.930.9
0.290.920.930.940.850.870.920.850.90.780.930.890.990.940.950.850.840.96-0.030.910.950.97-0.910.90.97
0.380.940.930.980.940.940.960.910.820.870.990.970.920.990.990.890.870.85-0.020.840.850.89-0.880.940.95
0.420.950.940.980.930.950.970.930.810.860.990.970.920.990.990.910.880.85-0.040.830.850.89-0.890.960.95
0.270.950.850.940.930.850.930.880.850.980.950.920.870.970.930.790.890.83-0.040.870.850.8-0.780.940.85
0.390.840.870.940.950.850.910.90.760.770.940.880.850.930.950.850.760.79-0.060.790.790.82-0.860.940.9
0.280.970.920.960.970.930.910.910.820.870.960.910.910.960.960.920.820.880.10.840.860.84-0.890.980.89
0.560.840.850.910.930.880.90.910.770.830.930.850.860.910.910.890.890.760.160.790.790.76-0.880.950.85
0.090.830.90.820.810.850.760.820.770.860.840.750.950.870.830.620.820.95-0.111.00.990.87-0.740.850.84
0.170.890.780.870.860.980.770.870.830.860.890.840.830.910.860.70.850.8-0.010.870.840.73-0.70.90.76
0.410.950.930.990.990.950.940.960.930.840.890.970.920.991.00.870.90.86-0.070.860.870.9-0.860.960.95
0.430.940.890.970.970.920.880.910.850.750.840.970.850.970.970.840.880.79-0.170.770.790.89-0.80.880.94
0.220.910.990.920.920.870.850.910.860.950.830.920.850.940.930.820.840.980.020.950.980.94-0.90.910.94
0.330.960.940.990.990.970.930.960.910.870.910.990.970.940.990.860.890.89-0.080.890.90.91-0.860.960.95
0.390.950.950.990.990.930.950.960.910.830.861.00.970.930.990.890.870.87-0.070.850.870.92-0.890.950.97
0.390.860.850.890.910.790.850.920.890.620.70.870.840.820.860.890.710.750.320.650.710.73-0.950.880.82
0.580.860.840.870.880.890.760.820.890.820.850.90.880.840.890.870.710.75-0.160.820.820.83-0.720.850.86
0.040.890.960.850.850.830.790.880.760.950.80.860.790.980.890.870.750.75-0.010.950.990.92-0.850.860.89
-0.11-0.03-0.03-0.02-0.04-0.04-0.060.10.16-0.11-0.01-0.07-0.170.02-0.08-0.070.32-0.16-0.01-0.09-0.07-0.24-0.270.06-0.17
0.10.840.910.840.830.870.790.840.791.00.870.860.770.950.890.850.650.820.95-0.090.990.88-0.760.870.85
0.110.880.950.850.850.850.790.860.790.990.840.870.790.980.90.870.710.820.99-0.070.990.92-0.810.880.89
0.30.880.970.890.890.80.820.840.760.870.730.90.890.940.910.920.730.830.92-0.240.880.92-0.80.810.98
-0.32-0.84-0.91-0.88-0.89-0.78-0.86-0.89-0.88-0.74-0.7-0.86-0.8-0.9-0.86-0.89-0.95-0.72-0.85-0.27-0.76-0.81-0.8-0.88-0.86
0.330.930.90.940.960.940.940.980.950.850.90.960.880.910.960.950.880.850.860.060.870.880.81-0.880.87
0.40.90.970.950.950.850.90.890.850.840.760.950.940.940.950.970.820.860.89-0.170.850.890.98-0.860.87
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Zhuhai Bojay Account Relationship Matchups

Zhuhai Bojay fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab11.1M44.0M63.8M1.1M4.1M3.9M
Total Current Liabilities184.8M307.4M356.8M365.0M525.5M285.0M
Net Tangible Assets348.0M486.9M1.3B1.5B1.7B1.8B
Retained Earnings233.2M524.5M665.6M731.3M674.3M391.9M
Accounts Payable88.1M167.4M198.6M196.3M201.6M130.6M
Other Assets17.0M20.6M22.5M39.7M45.6M23.1M
Net Receivables244.8M365.7M439.3M521.1M341.3M318.3M
Inventory169.0M209.0M267.6M299.3M324.7M201.8M
Other Current Assets8.5M8.4M16.4M11.0M10.6M8.1M
Other Stockholder Equity(1.2M)(2.2M)(1.3M)101.0M116.1M121.9M
Deferred Long Term Liab12.7M15.5M12.8M24.9M28.7M16.4M
Total Current Assets568.4M1.4B2.0B2.0B1.9B1.1B
Property Plant Equipment35.8M86.5M144.4M235.2M270.5M284.1M
Total Assets741.1M1.7B2.4B2.6B2.7B1.6B
Total Stockholder Equity534.3M1.3B1.6B1.7B1.6B1.1B
Other Liab5.9M13.9M15.5M13.2M15.2M9.6M
Cash71.8M402.4M1.0B411.1M797.7M410.9M
Non Current Assets Total172.7M296.3M467.6M646.7M803.1M843.3M
Non Currrent Assets Other172.7M998.3K6.5M2.8M14.0M26.2M
Non Current Liabilities Total13.9M15.5M463.9M490.4M513.5M539.2M
Total Liab198.8M322.9M820.7M855.4M1.0B1.1B
Short Long Term Debt58.3M46.0M19.1M185.6M213.5M224.2M
Intangible Assets47.4M48.3M113.2M110.4M107.3M66.0M
Net Invested Capital553.4M1.3B2.0B2.1B2.3B1.4B
Net Working Capital383.6M1.1B1.6B1.6B1.4B1.0B

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Other Information on Investing in Zhuhai Stock

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