Guangzhou Net Receivables vs Cash Analysis

003010 Stock   22.77  0.55  2.36%   
Guangzhou Ruoyuchen financial indicator trend analysis is much more than just examining Guangzhou Ruoyuchen latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangzhou Ruoyuchen is a good investment. Please check the relationship between Guangzhou Ruoyuchen Net Receivables and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangzhou Ruoyuchen Information. 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.

Net Receivables vs Cash

Net Receivables vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangzhou Ruoyuchen Net Receivables account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Guangzhou Ruoyuchen's Net Receivables and Cash is 0.79. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Cash in the same time period over historical financial statements of Guangzhou Ruoyuchen Information, assuming nothing else is changed. The correlation between historical values of Guangzhou Ruoyuchen's Net Receivables 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 Net Receivables of Guangzhou Ruoyuchen Information 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 Net Receivables i.e., Guangzhou Ruoyuchen's Net Receivables and Cash go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Receivables

Cash

Cash refers to the most liquid asset of Guangzhou Ruoyuchen, which is listed under current asset account on Guangzhou Ruoyuchen Information balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Guangzhou Ruoyuchen customers. The amounts must be unrestricted with restricted cash listed in a different Guangzhou Ruoyuchen 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 Guangzhou Ruoyuchen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangzhou Ruoyuchen 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 Guangzhou Ruoyuchen Information. 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 4.2 M, whereas Selling General Administrative is forecasted to decline to about 250.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit407.2M409.1M549.8M382.0M
Total Revenue1.3B1.2B1.4B1.1B

Guangzhou Ruoyuchen fundamental ratios Correlations

-0.42-0.61-0.46-0.39-0.5-0.42-0.460.040.34-0.44-0.6-0.75-0.52-0.51-0.35-0.77-0.35-0.46-0.59-0.18-0.350.05-0.7-0.57-0.44
-0.420.80.810.650.860.930.890.41-0.660.840.830.680.820.790.70.670.510.960.750.630.720.230.720.780.7
-0.610.80.940.610.880.840.920.48-0.630.940.870.850.960.960.910.860.80.780.760.720.90.480.880.960.94
-0.460.810.940.630.930.870.960.61-0.640.980.890.720.980.980.930.730.850.740.550.720.950.450.850.950.95
-0.390.650.610.630.480.810.690.61-0.870.690.80.330.560.540.580.320.40.540.360.50.670.380.330.490.54
-0.50.860.880.930.480.830.920.47-0.50.910.840.80.950.940.810.790.790.840.620.560.830.180.90.930.85
-0.420.930.840.870.810.830.920.54-0.860.910.940.590.840.820.790.610.620.830.60.690.850.40.680.770.75
-0.460.890.920.960.690.920.920.67-0.70.980.920.710.950.940.890.680.780.820.640.740.910.450.780.920.92
0.040.410.480.610.610.470.540.67-0.540.660.580.20.540.550.60.080.650.280.090.40.680.40.160.490.62
0.34-0.66-0.63-0.64-0.87-0.5-0.86-0.7-0.54-0.7-0.85-0.29-0.55-0.55-0.59-0.34-0.42-0.48-0.31-0.59-0.72-0.46-0.37-0.47-0.52
-0.440.840.940.980.690.910.910.980.66-0.70.930.670.970.970.960.670.850.760.570.760.930.530.80.940.95
-0.60.830.870.890.80.840.940.920.58-0.850.930.620.860.860.820.640.710.730.530.670.850.40.740.820.81
-0.750.680.850.720.330.80.590.710.2-0.290.670.620.80.790.590.970.610.730.830.310.640.010.880.830.71
-0.520.820.960.980.560.950.840.950.54-0.550.970.860.81.00.940.80.860.80.660.710.90.430.90.990.96
-0.510.790.960.980.540.940.820.940.55-0.550.970.860.791.00.950.790.890.750.620.70.910.450.90.990.97
-0.350.70.910.930.580.810.790.890.6-0.590.960.820.590.940.950.620.890.650.510.820.890.690.770.920.97
-0.770.670.860.730.320.790.610.680.08-0.340.670.640.970.80.790.620.590.710.80.380.650.080.930.830.7
-0.350.510.80.850.40.790.620.780.65-0.420.850.710.610.860.890.890.590.440.330.510.820.440.720.860.91
-0.460.960.780.740.540.840.830.820.28-0.480.760.730.730.80.750.650.710.440.840.590.620.160.740.770.67
-0.590.750.760.550.360.620.60.640.09-0.310.570.530.830.660.620.510.80.330.840.490.470.190.680.690.59
-0.180.630.720.720.50.560.690.740.4-0.590.760.670.310.710.70.820.380.510.590.490.70.860.540.680.76
-0.350.720.90.950.670.830.850.910.68-0.720.930.850.640.90.910.890.650.820.620.470.70.520.720.860.89
0.050.230.480.450.380.180.40.450.4-0.460.530.40.010.430.450.690.080.440.160.190.860.520.210.420.6
-0.70.720.880.850.330.90.680.780.16-0.370.80.740.880.90.90.770.930.720.740.680.540.720.210.920.81
-0.570.780.960.950.490.930.770.920.49-0.470.940.820.830.990.990.920.830.860.770.690.680.860.420.920.97
-0.440.70.940.950.540.850.750.920.62-0.520.950.810.710.960.970.970.70.910.670.590.760.890.60.810.97
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Guangzhou Ruoyuchen Account Relationship Matchups

Guangzhou Ruoyuchen fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab24.3M25.1M15.3M803.7K168.0K159.6K
Total Current Liabilities87.8M116.9M164.2M115.8M243.4M128.0M
Net Tangible Assets453.2M525.9M1.0B1.0B1.2B1.3B
Retained Earnings227.5M316.0M335.5M327.7M350.2M197.7M
Accounts Payable29.6M20.3M27.0M15.8M20.0M22.3M
Other Assets7.0M6.2M9.0M12.5M14.4M7.2M
Net Receivables108.6M125.7M133.5M118.9M169.4M113.7M
Inventory173.2M262.9M305.5M193.5M318.6M185.9M
Other Current Assets111.0M140.3M223.2M16.0M21.3M20.2M
Deferred Long Term Liab605.8K277.7K706.7K1.2M1.1M871.7K
Total Current Assets607.3M1.1B1.1B895.6M1.0B679.6M
Property Plant Equipment1.6M2.6M6.9M139.8M160.8M168.8M
Total Assets641.7M1.2B1.2B1.2B1.3B948.4M
Total Stockholder Equity543.7M1.0B1.1B1.1B1.1B792.0M
Cash214.6M565.9M364.5M375.3M345.5M309.2M
Non Current Assets Total34.4M42.6M170.8M307.5M306.2M321.5M
Non Current Liabilities Total3.5M5.5M4.2M8.6M5.2M4.5M
Total Liab91.2M122.4M168.4M124.4M248.6M154.4M
Short Long Term Debt10M55.0M98.4M46.4M170.9M179.4M
Non Current Liabilities Other3.5M5.5M2.3M2.3M4.4M3.5M
Intangible Assets7.5M7.7M8.2M7.5M6.4M6.5M
Other Liab3.0M3.5M5.5M2.3M2.7M3.7M
Net Invested Capital553.7M1.1B1.2B1.1B1.3B955.6M
Net Working Capital519.6M1.0B902.4M779.8M796.1M741.7M

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Other Information on Investing in Guangzhou Stock

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