Hangzhou Selling General Administrative vs Interest Income Analysis

300710 Stock   20.29  0.08  0.39%   
Hangzhou Prevail financial indicator trend analysis is much more than just examining Hangzhou Prevail Opt latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hangzhou Prevail Opt is a good investment. Please check the relationship between Hangzhou Prevail Selling General Administrative and its Interest Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hangzhou Prevail Optoelectronic. 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.

Selling General Administrative vs Interest Income

Selling General Administrative vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hangzhou Prevail Opt Selling General Administrative account and Interest Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Hangzhou Prevail's Selling General Administrative and Interest Income is -0.3. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Interest Income in the same time period over historical financial statements of Hangzhou Prevail Optoelectronic, assuming nothing else is changed. The correlation between historical values of Hangzhou Prevail's Selling General Administrative and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Hangzhou Prevail Optoelectronic are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Selling General Administrative i.e., Hangzhou Prevail's Selling General Administrative and Interest Income go up and down completely randomly.

Correlation Coefficient

-0.3
Relationship DirectionNegative 
Relationship StrengthInsignificant

Selling General Administrative

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Hangzhou Prevail's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hangzhou Prevail Opt 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 Hangzhou Prevail Optoelectronic. 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 Selling General Administrative is expected to grow to about 34.8 M, whereas Tax Provision is forecasted to decline to about 6.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit150.1M148.9M96.6M98.6M
Total Revenue728.6M530.6M358.2M502.7M

Hangzhou Prevail fundamental ratios Correlations

0.290.890.970.80.870.950.70.950.860.360.750.580.7-0.120.730.880.510.8-0.35-0.180.850.920.820.420.85
0.290.380.19-0.220.00.130.270.21-0.010.190.320.660.160.250.090.37-0.060.610.360.310.110.15-0.09-0.44-0.1
0.890.380.750.770.590.870.840.830.740.440.790.650.840.090.471.00.530.74-0.230.190.740.650.750.220.78
0.970.190.750.780.950.930.570.940.840.280.620.480.58-0.190.80.750.460.75-0.39-0.360.810.970.80.50.83
0.8-0.220.770.780.760.860.580.790.880.160.560.160.72-0.240.630.770.670.37-0.6-0.10.740.740.910.680.97
0.870.00.590.950.760.870.420.90.810.180.460.290.54-0.220.840.590.450.63-0.4-0.480.690.960.80.60.8
0.950.130.870.930.860.870.790.970.810.460.60.560.780.020.60.870.410.76-0.34-0.20.790.850.850.390.84
0.70.270.840.570.580.420.790.750.430.80.530.80.820.40.070.850.040.74-0.060.090.560.410.54-0.130.48
0.950.210.830.940.790.90.970.750.750.450.610.590.80.060.660.830.350.83-0.32-0.310.70.880.780.330.78
0.86-0.010.740.840.880.810.810.430.750.110.610.250.52-0.470.790.730.770.42-0.430.010.90.840.960.790.94
0.360.190.440.280.160.180.460.80.450.110.280.840.50.42-0.190.45-0.350.590.260.030.390.150.25-0.330.04
0.750.320.790.620.560.460.60.530.610.610.280.470.6-0.090.590.780.60.62-0.3-0.020.660.610.530.210.65
0.580.660.650.480.160.290.560.80.590.250.840.470.520.360.050.64-0.180.840.280.130.50.360.29-0.340.14
0.70.160.840.580.720.540.780.820.80.520.50.60.520.350.350.860.370.65-0.20.050.430.50.650.10.64
-0.120.250.09-0.19-0.24-0.220.020.40.06-0.470.42-0.090.360.35-0.520.11-0.450.370.580.05-0.44-0.36-0.32-0.76-0.35
0.730.090.470.80.630.840.60.070.660.79-0.190.590.050.35-0.520.470.710.42-0.5-0.350.610.90.690.730.77
0.880.371.00.750.770.590.870.850.830.730.450.780.640.860.110.470.520.74-0.230.180.730.650.750.210.78
0.51-0.060.530.460.670.450.410.040.350.77-0.350.6-0.180.37-0.450.710.520.07-0.380.210.530.510.690.750.79
0.80.610.740.750.370.630.760.740.830.420.590.620.840.650.370.420.740.070.1-0.20.50.650.42-0.150.4
-0.350.36-0.23-0.39-0.6-0.4-0.34-0.06-0.32-0.430.26-0.30.28-0.20.58-0.5-0.23-0.380.10.39-0.33-0.49-0.36-0.55-0.59
-0.180.310.19-0.36-0.1-0.48-0.20.09-0.310.010.03-0.020.130.050.05-0.350.180.21-0.20.390.04-0.410.05-0.09-0.09
0.850.110.740.810.740.690.790.560.70.90.390.660.50.43-0.440.610.730.530.5-0.330.040.780.850.590.79
0.920.150.650.970.740.960.850.410.880.840.150.610.360.5-0.360.90.650.510.65-0.49-0.410.780.780.60.82
0.82-0.090.750.80.910.80.850.540.780.960.250.530.290.65-0.320.690.750.690.42-0.360.050.850.780.740.92
0.42-0.440.220.50.680.60.39-0.130.330.79-0.330.21-0.340.1-0.760.730.210.75-0.15-0.55-0.090.590.60.740.74
0.85-0.10.780.830.970.80.840.480.780.940.040.650.140.64-0.350.770.780.790.4-0.59-0.090.790.820.920.74
Click cells to compare fundamentals

Hangzhou Prevail Account Relationship Matchups

Hangzhou Prevail fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets933.1M1.0B1.0B887.5M894.2M909.3M
Other Current Liab54.3M42.4M25.0M5.1M3.5M3.3M
Total Current Liabilities253.8M336.0M295.3M216.1M204.3M233.9M
Total Stockholder Equity586.2M643.9M671.4M649.8M659.0M640.5M
Other Liab151.0K2.4M11.6M11.3M13.0M13.7M
Net Tangible Assets471.3M410.7M536.3M550.8M633.5M520.1M
Retained Earnings187.5M245.1M272.6M219.8M209.9M222.8M
Accounts Payable118.2M159.3M221.2M81.3M57.1M113.3M
Cash76.5M127.4M134.9M78.6M98.9M97.7M
Non Current Assets Total250.7M271.2M283.2M417.1M464.5M264.3M
Non Currrent Assets Other1.3M704.5K2.3M160.5K184.6K175.4K
Other Assets14.6M26.1M24.7M17.0M19.6M20.6M
Net Receivables352.1M298.9M377.0M233.0M224.2M227.2M
Non Current Liabilities Total2.4M18.5M13.9M98.5K7.3M5.9M
Inventory90.5M144.4M126.2M90.1M58.3M83.7M
Other Current Assets5.7M6.5M2.4M5.8M10.3M6.1M
Total Liab256.2M354.5M309.2M216.2M211.6M239.8M
Short Long Term Debt61.6M98.5M15.0M95.6M113.1M64.5M
Total Current Assets682.5M763.9M720.1M470.4M429.8M469.1M
Intangible Assets24.3M8.9M21.7M22.3M20.7M14.8M
Property Plant Equipment30.8M37.0M48.7M55.9M64.3M41.1M
Net Invested Capital647.8M742.4M686.4M745.5M772.1M753.3M
Net Working Capital428.6M427.8M424.8M254.3M225.5M312.7M

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Other Information on Investing in Hangzhou Stock

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