Konfoong Non Currrent Assets Other vs Total Current Liabilities Analysis

300666 Stock   74.50  1.70  2.23%   
Konfoong Materials financial indicator trend analysis is infinitely more than just investigating Konfoong Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Konfoong Materials is a good investment. Please check the relationship between Konfoong Materials Non Currrent Assets Other and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Konfoong Materials International. 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.

Non Currrent Assets Other vs Total Current Liabilities

Non Currrent Assets Other vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Konfoong Materials Non Currrent Assets Other account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Konfoong Materials' Non Currrent Assets Other and Total Current Liabilities is 0.92. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Konfoong Materials International, assuming nothing else is changed. The correlation between historical values of Konfoong Materials' Non Currrent Assets Other and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Konfoong Materials International are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Non Currrent Assets Other i.e., Konfoong Materials' Non Currrent Assets Other and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Total Current Liabilities

Total Current Liabilities is an item on Konfoong Materials balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Konfoong Materials International are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Konfoong Materials' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Konfoong Materials 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 Konfoong Materials International. 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 72.5 M, whereas Selling General Administrative is forecasted to decline to about 83.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit407.4M695.6M759.7M406.2M
Total Revenue1.6B2.3B2.6B1.4B

Konfoong Materials fundamental ratios Correlations

0.320.790.990.690.990.90.970.840.990.870.860.880.990.90.890.880.140.830.950.240.89-0.630.80.990.87
0.320.180.410.290.360.50.090.670.20.440.45-0.060.21-0.020.550.450.030.150.34-0.070.56-0.250.240.380.34
0.790.180.710.840.710.870.720.770.760.920.90.630.790.670.840.870.250.960.690.680.83-0.90.940.70.88
0.990.410.710.621.00.890.940.870.970.850.830.840.960.860.890.870.070.770.940.130.9-0.570.731.00.85
0.690.290.840.620.610.820.60.650.660.810.870.620.740.680.790.790.620.870.730.550.75-0.710.810.610.75
0.990.360.711.00.610.870.960.850.980.840.820.860.970.870.880.860.050.770.940.130.88-0.560.731.00.84
0.90.50.870.890.820.870.790.940.850.970.990.710.880.751.00.980.270.920.870.290.99-0.720.810.870.94
0.970.090.720.940.60.960.790.690.990.760.750.940.980.940.780.790.060.790.90.180.78-0.520.710.950.79
0.840.670.770.870.650.850.940.690.770.930.910.550.780.590.950.90.130.770.80.240.97-0.730.760.840.88
0.990.20.760.970.660.980.850.990.770.820.810.930.990.940.850.840.120.820.940.210.84-0.580.760.980.83
0.870.440.920.850.810.840.970.760.930.820.980.660.850.690.950.970.250.920.820.440.96-0.860.90.820.97
0.860.450.90.830.870.820.990.750.910.810.980.690.850.730.970.960.380.940.850.360.97-0.790.850.810.94
0.88-0.060.630.840.620.860.710.940.550.930.660.690.931.00.690.670.310.760.910.090.67-0.410.620.860.68
0.990.210.790.960.740.970.880.980.780.990.850.850.930.950.860.860.220.850.960.260.85-0.630.810.960.86
0.9-0.020.670.860.680.870.750.940.590.940.690.731.00.950.720.710.350.790.930.140.7-0.450.660.870.72
0.890.550.840.890.790.881.00.780.950.850.950.970.690.860.720.970.220.890.870.240.99-0.690.780.880.91
0.880.450.870.870.790.860.980.790.90.840.970.960.670.860.710.970.150.90.810.330.96-0.730.820.850.97
0.140.030.250.070.620.050.270.060.130.120.250.380.310.220.350.220.150.360.370.190.19-0.280.280.050.17
0.830.150.960.770.870.770.920.790.770.820.920.940.760.850.790.890.90.360.80.480.87-0.790.860.760.89
0.950.340.690.940.730.940.870.90.80.940.820.850.910.960.930.870.810.370.80.10.86-0.550.720.940.79
0.24-0.070.680.130.550.130.290.180.240.210.440.360.090.260.140.240.330.190.480.10.24-0.770.720.10.36
0.890.560.830.90.750.880.990.780.970.840.960.970.670.850.70.990.960.190.870.860.24-0.710.790.880.92
-0.63-0.25-0.9-0.57-0.71-0.56-0.72-0.52-0.73-0.58-0.86-0.79-0.41-0.63-0.45-0.69-0.73-0.28-0.79-0.55-0.77-0.71-0.95-0.52-0.77
0.80.240.940.730.810.730.810.710.760.760.90.850.620.810.660.780.820.280.860.720.720.79-0.950.70.83
0.990.380.71.00.611.00.870.950.840.980.820.810.860.960.870.880.850.050.760.940.10.88-0.520.70.81
0.870.340.880.850.750.840.940.790.880.830.970.940.680.860.720.910.970.170.890.790.360.92-0.770.830.81
Click cells to compare fundamentals

Konfoong Materials Account Relationship Matchups

Konfoong Materials fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B2.4B2.9B5.1B6.3B6.6B
Other Current Liab17.2M16.4M17.7M123.0M799.5K759.5K
Total Current Liabilities668.5M1.1B840.9M792.8M1.3B807.8M
Total Stockholder Equity682.6M1.1B1.5B4.0B4.2B4.4B
Other Liab63.0M82.2M107.3M69.7M80.2M62.7M
Net Tangible Assets648.3M967.8M1.3B3.6B4.2B4.4B
Retained Earnings256.3M391.1M467.2M709.6M777.4M420.4M
Accounts Payable178.7M261.6M283.5M420.5M836.0M877.8M
Cash250.7M406.2M482.1M1.3B958.9M572.1M
Non Current Assets Total641.7M1.2B1.4B2.2B3.4B3.6B
Non Currrent Assets Other51.0M53.5M64.0M92.7M102.0M61.8M
Other Assets110.7M126.5M180.0M205.6M236.5M128.1M
Long Term Debt43.9M110.9M464.1M209.2M750.0M787.5M
Net Receivables215.1M260.6M384.6M442.0M665.3M698.6M
Non Current Liabilities Total106.9M199.2M594.7M306.4M864.5M907.7M
Inventory325.1M502.1M588.7M1.1B1.1B559.5M
Other Current Assets33.1M37.3M33.0M60.3M71.6M38.6M
Other Stockholder Equity1.8M1.2M145.7M3.1M3.6M3.4M
Total Liab775.4M1.3B1.4B1.1B2.1B1.1B
Deferred Long Term Liab9.8M10.0M51.7M56.1M64.5M67.7M
Short Long Term Debt450.7M738.0M376.4M151.6M185.2M359.2M
Total Current Assets823.9M1.2B1.5B2.9B2.9B1.5B
Intangible Assets34.3M105.6M130.6M393.1M436.9M458.7M
Property Plant Equipment470.4M677.9M852.2M1.2B1.4B1.5B
Net Invested Capital1.2B1.9B2.3B4.4B5.1B2.6B
Net Working Capital155.4M135.7M647.4M2.1B1.6B1.7B

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Other Information on Investing in Konfoong Stock

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