Jiangsu Intangible Assets vs Non Currrent Assets Other Analysis

300013 Stock   4.29  0.04  0.94%   
Jiangsu Xinning financial indicator trend analysis is infinitely more than just investigating Jiangsu Xinning Modern recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangsu Xinning Modern is a good investment. Please check the relationship between Jiangsu Xinning Intangible Assets and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangsu Xinning Modern. 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.

Intangible Assets vs Non Currrent Assets Other

Intangible Assets vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiangsu Xinning Modern Intangible Assets account and Non Currrent Assets Other. At this time, the significance of the direction appears to have very week relationship.
The correlation between Jiangsu Xinning's Intangible Assets and Non Currrent Assets Other is 0.24. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Jiangsu Xinning Modern, assuming nothing else is changed. The correlation between historical values of Jiangsu Xinning's Intangible Assets and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Jiangsu Xinning Modern are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Intangible Assets i.e., Jiangsu Xinning's Intangible Assets and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.24
Relationship DirectionPositive 
Relationship StrengthVery Weak

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Jiangsu Xinning's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangsu Xinning Modern 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 Jiangsu Xinning Modern. 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.
As of December 12, 2024, Selling General Administrative is expected to decline to about 41.2 M. The current year's Tax Provision is expected to grow to about (2.1 M)
 2021 2022 2023 2024 (projected)
Gross Profit221.2M125.5M46.7M44.4M
Research Development34.7M8.5M7.1M6.8M

Jiangsu Xinning fundamental ratios Correlations

0.790.80.860.250.810.380.940.950.490.760.870.350.59-0.050.740.710.320.160.30.720.470.380.450.320.42
0.790.640.790.430.730.420.810.750.580.580.80.050.39-0.340.650.60.470.270.360.810.270.590.480.340.35
0.80.640.48-0.250.780.00.780.850.360.950.760.740.780.410.480.6-0.16-0.370.090.630.7-0.04-0.070.380.5
0.860.790.480.660.670.680.830.760.570.390.71-0.130.24-0.520.840.530.720.580.440.670.120.730.710.250.14
0.250.43-0.250.660.060.660.310.160.44-0.310.22-0.81-0.33-0.960.370.210.980.940.270.39-0.520.940.890.16-0.21
0.810.730.780.670.060.290.720.770.630.660.610.460.390.070.780.30.16-0.030.440.540.560.210.10.170.17
0.380.420.00.680.660.290.250.230.52-0.110.15-0.35-0.16-0.640.570.020.680.60.30.25-0.330.650.510.16-0.23
0.940.810.780.830.310.720.250.970.390.740.860.250.54-0.10.680.740.390.150.30.870.480.480.470.490.43
0.950.750.850.760.160.770.230.970.410.810.820.410.590.050.640.680.26-0.010.180.840.490.370.340.540.47
0.490.580.360.570.440.630.520.390.410.240.44-0.040.1-0.340.420.220.460.350.090.39-0.140.490.40.2-0.02
0.760.580.950.39-0.310.66-0.110.740.810.240.80.740.890.490.330.7-0.26-0.410.00.570.68-0.12-0.050.340.74
0.870.80.760.710.220.610.150.860.820.440.80.270.74-0.050.460.920.220.150.110.690.380.330.510.240.63
0.350.050.74-0.13-0.810.46-0.350.250.41-0.040.740.270.630.890.090.17-0.73-0.83-0.10.070.75-0.66-0.610.10.37
0.590.390.780.24-0.330.39-0.160.540.590.10.890.740.630.50.050.76-0.36-0.34-0.170.330.55-0.240.00.120.81
-0.05-0.340.41-0.52-0.960.07-0.64-0.10.05-0.340.49-0.050.890.5-0.3-0.01-0.93-0.92-0.27-0.250.61-0.88-0.77-0.040.36
0.740.650.480.840.370.780.570.680.640.420.330.460.090.05-0.30.180.490.330.710.50.40.460.320.12-0.1
0.710.60.60.530.210.30.020.740.680.220.70.920.170.76-0.010.180.170.15-0.040.620.280.280.560.290.73
0.320.47-0.160.720.980.160.680.390.260.46-0.260.22-0.73-0.36-0.930.490.170.880.360.48-0.410.960.840.27-0.28
0.160.27-0.370.580.94-0.030.60.15-0.010.35-0.410.15-0.83-0.34-0.920.330.150.880.310.12-0.510.780.87-0.16-0.26
0.30.360.090.440.270.440.30.30.180.090.00.11-0.1-0.17-0.270.71-0.040.360.310.210.480.260.2-0.08-0.21
0.720.810.630.670.390.540.250.870.840.390.570.690.070.33-0.250.50.620.480.120.210.260.640.450.780.34
0.470.270.70.12-0.520.56-0.330.480.49-0.140.680.380.750.550.610.40.28-0.41-0.510.480.26-0.4-0.340.050.32
0.380.59-0.040.730.940.210.650.480.370.49-0.120.33-0.66-0.24-0.880.460.280.960.780.260.64-0.40.820.43-0.1
0.450.48-0.070.710.890.10.510.470.340.4-0.050.51-0.610.0-0.770.320.560.840.870.20.45-0.340.820.130.09
0.320.340.380.250.160.170.160.490.540.20.340.240.10.12-0.040.120.290.27-0.16-0.080.780.050.430.130.2
0.420.350.50.14-0.210.17-0.230.430.47-0.020.740.630.370.810.36-0.10.73-0.28-0.26-0.210.340.32-0.10.090.2
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Jiangsu Xinning Account Relationship Matchups

Jiangsu Xinning fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B1.1B881.8M759.4M559.8M1.0B
Other Current Liab68.1M73.3M14.0M31.4M24.6K23.4K
Total Current Liabilities834.2M666.6M482.1M426.0M611.2M390.6M
Total Stockholder Equity808.0M213.9M21.7M19.6M(136.7M)(129.8M)
Retained Earnings(387.9M)(987.9M)(1.2B)(1.2B)(1.4B)(1.3B)
Accounts Payable200.9M194.8M163.1M109.7M101.2M128.3M
Cash163.4M79.2M59.4M107.9M43.9M41.7M
Other Assets267.0M79.3M34.4M25.4M29.2M27.8M
Net Receivables778.8M292.3M277.9M193.1M138.2M273.2M
Other Current Assets56.1M41.4M14.0M12.1M9.7M9.2M
Total Liab1.1B859.6M836.0M714.8M673.8M501.9M
Intangible Assets119.7M122.6M37.0M28.3M25.1M23.9M
Property Plant Equipment331.1M313.4M361.3M306.0M351.9M220.4M
Other Liab101.1M102.5M180.0M160.7M184.8M194.1M
Inventory46.8M28.6M2.5M2.9M2.3M2.2M
Long Term Debt164.5M90.6M30M20.0M23.1M21.9M
Net Tangible Assets638.2M103.3M(10.7M)(8.1M)(7.3M)(6.9M)
Other Stockholder Equity(7.8M)(2.5M)(5.3M)(5.7M)(5.2M)(4.9M)
Deferred Long Term Liab111.2M52.0M22.0M16.7M15.0M14.3M
Total Current Assets1.0B524.8M353.9M331.6M210.4M199.8M
Non Current Assets Total895.2M584.1M528.0M427.8M349.4M660.9M
Non Currrent Assets Other895.2M1.7M5.8M1.5M1.4M1.3M
Non Current Liabilities Total265.6M193.1M353.9M288.8M62.6M59.5M
Short Long Term Debt442.7M329.0M192.8M170.5M210.5M216.0M
Non Current Liabilities Other92.1M90.3M179.5M159.7M1.6M1.6M
Net Debt443.8M340.3M163.3M82.6M166.6M222.8M
Net Invested Capital1.4B633.4M244.5M210.2M73.8M70.1M
Net Working Capital210.8M(141.8M)(128.2M)(94.3M)(400.8M)(380.8M)

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Other Information on Investing in Jiangsu Stock

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