Risuntek Other Current Assets vs Intangible Assets Analysis

002981 Stock   28.40  1.52  5.65%   
Risuntek financial indicator trend analysis is much more than just breaking down Risuntek prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Risuntek is a good investment. Please check the relationship between Risuntek Other Current Assets and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Risuntek. 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.

Other Current Assets vs Intangible Assets

Other Current Assets vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Risuntek Other Current Assets account and Intangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Risuntek's Other Current Assets and Intangible Assets is 0.72. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Risuntek, assuming nothing else is changed. The correlation between historical values of Risuntek's Other Current Assets and Intangible 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 Assets of Risuntek are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Other Current Assets i.e., Risuntek's Other Current Assets and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.72
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Risuntek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Risuntek 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 Risuntek. 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 13.2 M, whereas Selling General Administrative is forecasted to decline to about 36.5 M.
 2021 2022 2023 2024 (projected)
Gross Profit106.3M244.4M342.6M197.7M
Total Revenue1.3B1.4B1.4B1.0B

Risuntek fundamental ratios Correlations

0.390.980.980.950.90.940.930.970.890.90.980.78-0.960.97-0.720.890.960.990.950.910.650.860.990.350.94
0.390.430.250.170.170.280.460.40.240.260.470.03-0.290.53-0.060.480.350.40.20.22-0.040.060.310.060.17
0.980.430.930.90.830.980.880.950.890.890.970.83-0.930.99-0.680.890.940.960.880.890.740.770.940.240.88
0.980.250.930.990.940.910.940.930.860.890.950.8-0.970.91-0.710.870.970.970.960.890.660.880.990.460.95
0.950.170.90.990.920.910.920.870.80.880.930.84-0.950.86-0.670.870.970.920.920.840.730.830.960.520.92
0.90.170.830.940.920.840.840.830.780.940.890.72-0.840.82-0.840.70.920.910.850.80.530.820.890.460.85
0.940.280.980.910.910.840.810.890.850.910.940.92-0.90.94-0.710.830.920.920.840.860.840.730.90.220.84
0.930.460.880.940.920.840.810.860.760.790.940.66-0.950.88-0.560.950.950.910.880.810.540.760.950.580.88
0.970.40.950.930.870.830.890.860.920.810.910.72-0.910.96-0.690.810.870.950.950.930.590.90.950.160.94
0.890.240.890.860.80.780.850.760.920.770.840.73-0.890.89-0.820.740.80.870.870.990.620.870.890.010.92
0.90.260.890.890.880.940.910.790.810.770.920.76-0.810.86-0.810.720.930.920.770.790.620.70.860.380.78
0.980.470.970.950.930.890.940.940.910.840.920.79-0.940.96-0.720.910.980.960.860.860.660.740.950.40.86
0.780.030.830.80.840.720.920.660.720.730.760.79-0.80.75-0.630.70.790.720.710.740.960.60.750.150.71
-0.96-0.29-0.93-0.97-0.95-0.84-0.9-0.95-0.91-0.89-0.81-0.94-0.8-0.920.64-0.94-0.95-0.93-0.94-0.93-0.71-0.85-0.98-0.4-0.95
0.970.530.990.910.860.820.940.880.960.890.860.960.75-0.92-0.680.880.920.970.880.890.640.780.940.210.87
-0.72-0.06-0.68-0.71-0.67-0.84-0.71-0.56-0.69-0.82-0.81-0.72-0.630.64-0.68-0.42-0.69-0.72-0.62-0.8-0.43-0.69-0.68-0.03-0.69
0.890.480.890.870.870.70.830.950.810.740.720.910.7-0.940.88-0.420.910.860.830.790.670.660.910.50.83
0.960.350.940.970.970.920.920.950.870.80.930.980.79-0.950.92-0.690.910.960.870.840.680.760.960.530.87
0.990.40.960.970.920.910.920.910.950.870.920.960.72-0.930.97-0.720.860.960.930.890.590.860.970.370.92
0.950.20.880.960.920.850.840.880.950.870.770.860.71-0.940.88-0.620.830.870.930.90.60.960.970.350.99
0.910.220.890.890.840.80.860.810.930.990.790.860.74-0.930.89-0.80.790.840.890.90.630.890.920.110.95
0.65-0.040.740.660.730.530.840.540.590.620.620.660.96-0.710.64-0.430.670.680.590.60.630.460.630.10.6
0.860.060.770.880.830.820.730.760.90.870.70.740.6-0.850.78-0.690.660.760.860.960.890.460.90.230.97
0.990.310.940.990.960.890.90.950.950.890.860.950.75-0.980.94-0.680.910.960.970.970.920.630.90.420.97
0.350.060.240.460.520.460.220.580.160.010.380.40.15-0.40.21-0.030.50.530.370.350.110.10.230.420.32
0.940.170.880.950.920.850.840.880.940.920.780.860.71-0.950.87-0.690.830.870.920.990.950.60.970.970.32
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Risuntek Account Relationship Matchups

Risuntek fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets755.0M1.2B1.4B1.6B1.5B1.1B
Other Current Liab10.7M8.3M7.0M82.6M1.4M1.3M
Total Current Liabilities310.9M398.1M591.2M609.6M477.2M388.0M
Total Stockholder Equity443.7M835.7M789.2M796.6M900.5M645.6M
Net Tangible Assets395.1M766.8M720.9M605.4M696.2M530.5M
Retained Earnings251.7M287.6M241.2M271.1M362.4M243.1M
Accounts Payable267.4M286.4M489.7M372.1M330.4M283.7M
Cash66.2M250.5M167.7M263.2M187.4M158.3M
Non Current Assets Total193.8M371.6M612.5M748.2M795.3M420.2M
Other Assets4.3M12.0M23.0M73.0M83.9M88.1M
Net Receivables333.2M293.8M304.3M313.9M306.8M281.6M
Non Current Liabilities Total400K2.7M4.5M151.6M75.6M79.4M
Inventory152.7M206.2M219.8M264.6M194.2M184.3M
Other Current Assets9.2M12.6M29.4M10.8M12.4M12.3M
Other Stockholder Equity(624.5K)(450.9K)(5.7M)(5.8M)(5.2M)(4.9M)
Total Liab311.3M400.8M595.7M761.1M552.8M420.3M
Deferred Long Term Liab1.4M1.3M1.5M1.4M1.2M1.2M
Total Current Assets561.2M864.9M772.4M860.2M708.8M659.7M
Intangible Assets48.6M68.9M68.3M92.2M88.4M56.2M
Property Plant Equipment133.2M279.8M471.1M473.1M544.0M571.2M
Non Currrent Assets Other7.7M18.3M51.5M8.9M8.7M15.3M
Net Invested Capital462.9M925.7M866.3M979.1M1.0B779.4M
Net Working Capital250.3M466.9M181.2M250.6M231.6M211.1M

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Other Information on Investing in Risuntek Stock

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