Sinofibers Net Tangible Assets vs Cash Analysis

300777 Stock

27.13 0.41 1.53%

Sinofibers Technology financial indicator trend analysis is much more than just breaking down Sinofibers Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinofibers Technology is a good investment. Please check the relationship between Sinofibers Technology Net Tangible Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinofibers Technology Co. 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.

Net Tangible Assets vs Cash

Net Tangible Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinofibers Technology Net Tangible Assets account and Cash. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Sinofibers Technology's Net Tangible Assets and Cash is 0.94. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Sinofibers Technology Co, assuming nothing else is changed. The correlation between historical values of Sinofibers Technology's Net Tangible Assets 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 Tangible Assets of Sinofibers Technology Co 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 Tangible Assets i.e., Sinofibers Technology's Net Tangible Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Cash

Cash refers to the most liquid asset of Sinofibers Technology, which is listed under current asset account on Sinofibers Technology Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sinofibers Technology customers. The amounts must be unrestricted with restricted cash listed in a different Sinofibers Technology 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 Sinofibers Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinofibers Technology 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 Sinofibers Technology Co. 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 Selling General Administrative is expected to grow to about 11.4 M, whereas Tax Provision is forecasted to decline to about 22.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	317.4M	602.9M	378.3M	305.4M
Total Revenue	411.8M	797.2M	558.8M	402.0M

Gross Profit Total Revenue

Sinofibers Technology fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		-0.27	0.76	1.0	0.8	0.99	0.96	0.74	0.9	0.91	-0.36	-0.69	0.61	0.84	0.69	0.78	0.4	0.79	-0.65	-0.64	1.0	0.61	-0.64	0.91	0.84	0.71
Other Current Liab	-0.27		-0.09	-0.27	0.12	-0.26	-0.11	-0.28	-0.24	-0.1	-0.51	-0.28	0.33	-0.3	-0.52	-0.11	0.15	-0.21	-0.3	-0.28	-0.33	0.33	-0.28	-0.26	0.09	0.3
Total Current Liabilities	0.76	-0.09		0.72	0.59	0.69	0.7	0.97	0.41	0.81	-0.35	-0.66	0.63	0.91	0.65	0.23	0.89	0.98	-0.63	-0.61	0.75	0.63	-0.61	0.82	0.49	0.66
Total Stockholder Equity	1.0	-0.27	0.72		0.8	1.0	0.97	0.71	0.92	0.9	-0.36	-0.68	0.6	0.82	0.67	0.81	0.35	0.76	-0.64	-0.63	0.99	0.6	-0.63	0.9	0.85	0.71
Other Liab	0.8	0.12	0.59	0.8		0.8	0.9	0.53	0.76	0.9	-0.64	-0.82	0.88	0.66	0.53	0.7	0.33	0.62	-0.85	-0.86	0.76	0.88	-0.86	0.83	0.9	0.92
Net Tangible Assets	0.99	-0.26	0.69	1.0	0.8		0.97	0.67	0.94	0.89	-0.37	-0.69	0.6	0.79	0.66	0.84	0.31	0.73	-0.64	-0.63	0.99	0.6	-0.63	0.88	0.87	0.7
Retained Earnings	0.96	-0.11	0.7	0.97	0.9	0.97		0.65	0.91	0.91	-0.55	-0.81	0.74	0.77	0.59	0.82	0.34	0.72	-0.77	-0.76	0.94	0.74	-0.76	0.86	0.91	0.84
Accounts Payable	0.74	-0.28	0.97	0.71	0.53	0.67	0.65		0.38	0.78	-0.16	-0.52	0.49	0.96	0.67	0.16	0.85	0.96	-0.48	-0.46	0.76	0.49	-0.46	0.82	0.41	0.54
Cash	0.9	-0.24	0.41	0.92	0.76	0.94	0.91	0.38		0.75	-0.41	-0.63	0.53	0.53	0.54	0.96	-0.01	0.47	-0.58	-0.58	0.88	0.53	-0.58	0.72	0.88	0.64
Non Current Assets Total	0.91	-0.1	0.81	0.9	0.9	0.89	0.91	0.78	0.75		-0.48	-0.78	0.8	0.87	0.71	0.63	0.54	0.84	-0.74	-0.75	0.9	0.8	-0.75	0.98	0.87	0.86
Non Currrent Assets Other	-0.36	-0.51	-0.35	-0.36	-0.64	-0.37	-0.55	-0.16	-0.41	-0.48		0.91	-0.85	-0.17	-0.1	-0.42	-0.27	-0.31	0.82	0.78	-0.29	-0.85	0.78	-0.31	-0.59	-0.85
Other Assets	-0.69	-0.28	-0.66	-0.68	-0.82	-0.69	-0.81	-0.52	-0.63	-0.78	0.91		-0.92	-0.54	-0.4	-0.57	-0.48	-0.64	0.9	0.86	-0.63	-0.92	0.86	-0.65	-0.78	-0.96
Long Term Debt	0.61	0.33	0.63	0.6	0.88	0.6	0.74	0.49	0.53	0.8	-0.85	-0.92		0.53	0.49	0.49	0.49	0.64	-0.96	-0.96	0.55	1.0	-0.96	0.7	0.75	0.97
Net Receivables	0.84	-0.3	0.91	0.82	0.66	0.79	0.77	0.96	0.53	0.87	-0.17	-0.54	0.53		0.66	0.34	0.7	0.91	-0.5	-0.5	0.85	0.53	-0.5	0.91	0.6	0.61
Non Current Liabilities Total	0.69	-0.52	0.65	0.67	0.53	0.66	0.59	0.67	0.54	0.71	-0.1	-0.4	0.49	0.66		0.39	0.41	0.8	-0.5	-0.54	0.69	0.49	-0.54	0.81	0.42	0.44
Inventory	0.78	-0.11	0.23	0.81	0.7	0.84	0.82	0.16	0.96	0.63	-0.42	-0.57	0.49	0.34	0.39		-0.19	0.29	-0.56	-0.57	0.75	0.49	-0.57	0.59	0.86	0.58
Other Current Assets	0.4	0.15	0.89	0.35	0.33	0.31	0.34	0.85	-0.01	0.54	-0.27	-0.48	0.49	0.7	0.41	-0.19		0.82	-0.44	-0.41	0.39	0.49	-0.41	0.53	0.17	0.48
Total Liab	0.79	-0.21	0.98	0.76	0.62	0.73	0.72	0.96	0.47	0.84	-0.31	-0.64	0.64	0.91	0.8	0.29	0.82		-0.64	-0.63	0.79	0.64	-0.63	0.87	0.51	0.65
Deferred Long Term Liab	-0.65	-0.3	-0.63	-0.64	-0.85	-0.64	-0.77	-0.48	-0.58	-0.74	0.82	0.9	-0.96	-0.5	-0.5	-0.56	-0.44	-0.64		0.99	-0.58	-0.96	0.99	-0.66	-0.71	-0.93
Short Long Term Debt	-0.64	-0.28	-0.61	-0.63	-0.86	-0.63	-0.76	-0.46	-0.58	-0.75	0.78	0.86	-0.96	-0.5	-0.54	-0.57	-0.41	-0.63	0.99		-0.58	-0.96	1.0	-0.69	-0.72	-0.91
Total Current Assets	1.0	-0.33	0.75	0.99	0.76	0.99	0.94	0.76	0.88	0.9	-0.29	-0.63	0.55	0.85	0.69	0.75	0.39	0.79	-0.58	-0.58		0.55	-0.58	0.91	0.81	0.66
Non Current Liabilities Other	0.61	0.33	0.63	0.6	0.88	0.6	0.74	0.49	0.53	0.8	-0.85	-0.92	1.0	0.53	0.49	0.49	0.49	0.64	-0.96	-0.96	0.55		-0.96	0.7	0.75	0.97
Short Term Debt	-0.64	-0.28	-0.61	-0.63	-0.86	-0.63	-0.76	-0.46	-0.58	-0.75	0.78	0.86	-0.96	-0.5	-0.54	-0.57	-0.41	-0.63	0.99	1.0	-0.58	-0.96		-0.69	-0.72	-0.91
Intangible Assets	0.91	-0.26	0.82	0.9	0.83	0.88	0.86	0.82	0.72	0.98	-0.31	-0.65	0.7	0.91	0.81	0.59	0.53	0.87	-0.66	-0.69	0.91	0.7	-0.69		0.79	0.74
Common Stock	0.84	0.09	0.49	0.85	0.9	0.87	0.91	0.41	0.88	0.87	-0.59	-0.78	0.75	0.6	0.42	0.86	0.17	0.51	-0.71	-0.72	0.81	0.75	-0.72	0.79		0.85
Property Plant Equipment	0.71	0.3	0.66	0.71	0.92	0.7	0.84	0.54	0.64	0.86	-0.85	-0.96	0.97	0.61	0.44	0.58	0.48	0.65	-0.93	-0.91	0.66	0.97	-0.91	0.74	0.85

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Sinofibers Technology Account Relationship Matchups

Sinofibers Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.4B	1.5B	4.5B	4.4B	4.6B
Other Current Liab	65.8M	71.7M	21.0M	24.1K	27.7K	26.3K
Total Current Liabilities	175.7M	112.3M	106.2M	471.0M	163.5M	183.1M
Total Stockholder Equity	979.9M	1.2B	1.3B	3.9B	4.1B	4.3B
Other Liab	47.7M	48.8M	60.5M	60.4M	69.4M	56.4M
Net Tangible Assets	943.8M	1.1B	1.3B	3.5B	4.0B	4.2B
Retained Earnings	409.2M	613.9M	773.2M	1.2B	1.3B	1.4B
Accounts Payable	61.5M	29.7M	74.1M	432.1M	119.6M	119.9M
Cash	74.3M	200.8M	192.7M	249.8M	651.9M	684.5M
Non Current Assets Total	751.8M	762.2M	807.5M	1.8B	1.8B	994.3M
Non Currrent Assets Other	810.3K	11.0M	5.7M	58.4M	35.8M	28.2M
Other Assets	10.5M	5.2M	14.7M	8.9M	8.1M	7.7M
Net Receivables	240.4M	188.5M	323.8M	757.7M	450.4M	350.2M
Non Current Liabilities Total	48.8M	60.5M	60.4M	159.4M	159.7M	113.0M
Inventory	26.6M	28.7M	27.3M	16.3M	73.6M	77.3M
Other Current Assets	46.0M	33.2M	6.2M	119.2M	1.1M	1.0M
Total Liab	224.5M	172.8M	166.5M	630.3M	323.2M	296.5M
Total Current Assets	452.6M	595.3M	703.2M	2.8B	2.6B	2.7B
Intangible Assets	36.1M	35.1M	43.8M	109.4M	107.9M	60.1M
Property Plant Equipment	568.4M	710.4M	711.4M	754.8M	868.0M	587.1M
Net Invested Capital	979.9M	1.2B	1.3B	3.9B	4.1B	4.3B
Net Working Capital	277.0M	482.9M	597.0M	2.3B	2.4B	2.5B

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Other Information on Investing in Sinofibers Stock

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

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Sinofibers Net Tangible Assets vs Cash Analysis

Net Tangible Assets vs Cash

Net Tangible Assets vs Cash Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Cash

Sinofibers Technology fundamental ratios Correlations

Sinofibers Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sinofibers Technology fundamental ratios Accounts

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Other Information on Investing in Sinofibers Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Non Current Liabilities Other	+ 1.0	Long Term Debt
Short Term Debt	+ 1.0	Short Long Term Debt
Net Tangible Assets	+ 0.99	Total Assets

Short Term Debt	- 0.96	Non Current Liabilities Other
Non Current Liabilities Other	- 0.96	Short Long Term Debt
Non Current Liabilities Other	- 0.96	Deferred Long Term Liab
Short Term Debt	- 0.96	Long Term Debt
Short Long Term Debt	- 0.96	Long Term Debt
Deferred Long Term Liab	- 0.96	Long Term Debt