Zhejiang Total Liab vs Total Current Assets Analysis

301113 Stock

27.26 0.27 1.00%

Zhejiang Yayi financial indicator trend analysis is more than just analyzing Zhejiang Yayi Metal current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Yayi Metal is a good investment. Please check the relationship between Zhejiang Yayi Total Liab and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Yayi Metal. 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.

Total Liab vs Total Current Assets

Total Liab vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Yayi Metal Total Liab account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Zhejiang Yayi's Total Liab and Total Current Assets is 0.74. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Zhejiang Yayi Metal, assuming nothing else is changed. The correlation between historical values of Zhejiang Yayi's Total Liab and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Zhejiang Yayi Metal are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Liab i.e., Zhejiang Yayi's Total Liab and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

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Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Zhejiang Yayi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Yayi Metal 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 Zhejiang Yayi Metal. 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 12.3 M, whereas Selling General Administrative is forecasted to decline to about 13.5 M.

	2021	2022	2023	2024 (projected)
Net Interest Income	457.2K	16.6M	11.4M	6.5M
Tax Provision	24.5M	13.7M	7.0M	12.3M

Net Interest Income Tax Provision

Zhejiang Yayi fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Property Plant And Equipment Gross	Capital Lease Obligations	Non Current Liabilities Other
Total Assets		-0.91	0.81	1.0	0.97	0.76	0.95	0.76	0.88	0.3	0.97	-0.97	0.78	0.15	0.83	1.0	0.92	0.97	0.91	0.77	0.78	0.78	-0.77	-0.5
Other Current Liab	-0.91		-0.93	-0.9	-0.95	-0.86	-0.85	-0.75	-0.96	-0.53	-0.86	0.98	-0.77	-0.51	-0.93	-0.9	-0.85	-0.86	-0.82	-0.69	-0.7	-0.71	0.74	0.56
Total Current Liabilities	0.81	-0.93		0.79	0.89	0.98	0.72	0.67	0.93	0.62	0.81	-0.88	0.79	0.57	1.0	0.79	0.74	0.81	0.7	0.57	0.66	0.67	-0.62	-0.58
Total Stockholder Equity	1.0	-0.9	0.79		0.96	0.73	0.96	0.76	0.86	0.27	0.97	-0.96	0.77	0.12	0.8	1.0	0.92	0.97	0.91	0.77	0.77	0.78	-0.77	-0.49
Retained Earnings	0.97	-0.95	0.89	0.96		0.81	0.96	0.67	0.92	0.51	0.91	-0.97	0.89	0.3	0.89	0.96	0.96	0.91	0.94	0.63	0.66	0.66	-0.66	-0.49
Accounts Payable	0.76	-0.86	0.98	0.73	0.81		0.62	0.71	0.87	0.51	0.81	-0.82	0.71	0.52	0.98	0.73	0.63	0.81	0.58	0.6	0.72	0.73	-0.64	-0.62
Cash	0.95	-0.85	0.72	0.96	0.96	0.62		0.57	0.79	0.41	0.87	-0.9	0.87	0.08	0.72	0.96	0.99	0.87	0.99	0.56	0.55	0.56	-0.58	-0.37
Non Current Assets Total	0.76	-0.75	0.67	0.76	0.67	0.71	0.57		0.64	-0.11	0.85	-0.81	0.37	0.11	0.7	0.76	0.51	0.85	0.48	0.89	0.93	0.93	-0.98	-0.84
Non Currrent Assets Other	0.88	-0.96	0.93	0.86	0.92	0.87	0.79	0.64		0.57	0.82	-0.92	0.72	0.59	0.93	0.86	0.79	0.82	0.76	0.68	0.69	0.69	-0.65	-0.36
Net Receivables	0.3	-0.53	0.62	0.27	0.51	0.51	0.41	-0.11	0.57		0.16	-0.4	0.7	0.72	0.58	0.27	0.52	0.16	0.49	-0.21	-0.16	-0.16	0.16	0.0
Common Stock Shares Outstanding	0.97	-0.86	0.81	0.97	0.91	0.81	0.87	0.85	0.82	0.16		-0.93	0.7	0.07	0.83	0.97	0.82	1.0	0.8	0.84	0.88	0.89	-0.84	-0.61
Short Term Investments	-0.97	0.98	-0.88	-0.96	-0.97	-0.82	-0.9	-0.81	-0.92	-0.4	-0.93		-0.78	-0.33	-0.89	-0.96	-0.89	-0.93	-0.87	-0.75	-0.76	-0.77	0.81	0.6
Inventory	0.78	-0.77	0.79	0.77	0.89	0.71	0.87	0.37	0.72	0.7	0.7	-0.78		0.23	0.78	0.77	0.92	0.7	0.91	0.23	0.31	0.32	-0.31	-0.4
Other Current Assets	0.15	-0.51	0.57	0.12	0.3	0.52	0.08	0.11	0.59	0.72	0.07	-0.33	0.23		0.55	0.12	0.14	0.07	0.1	0.09	0.08	0.08	-0.1	-0.07
Total Liab	0.83	-0.93	1.0	0.8	0.89	0.98	0.72	0.7	0.93	0.58	0.83	-0.89	0.78	0.55		0.8	0.74	0.83	0.7	0.6	0.69	0.7	-0.64	-0.59
Net Invested Capital	1.0	-0.9	0.79	1.0	0.96	0.73	0.96	0.76	0.86	0.27	0.97	-0.96	0.77	0.12	0.8		0.92	0.97	0.91	0.77	0.77	0.78	-0.77	-0.49
Total Current Assets	0.92	-0.85	0.74	0.92	0.96	0.63	0.99	0.51	0.79	0.52	0.82	-0.89	0.92	0.14	0.74	0.92		0.82	1.0	0.48	0.48	0.49	-0.51	-0.36
Capital Stock	0.97	-0.86	0.81	0.97	0.91	0.81	0.87	0.85	0.82	0.16	1.0	-0.93	0.7	0.07	0.83	0.97	0.82		0.8	0.84	0.88	0.89	-0.84	-0.61
Net Working Capital	0.91	-0.82	0.7	0.91	0.94	0.58	0.99	0.48	0.76	0.49	0.8	-0.87	0.91	0.1	0.7	0.91	1.0	0.8		0.46	0.45	0.45	-0.49	-0.33
Intangible Assets	0.77	-0.69	0.57	0.77	0.63	0.6	0.56	0.89	0.68	-0.21	0.84	-0.75	0.23	0.09	0.6	0.77	0.48	0.84	0.46		0.97	0.97	-0.94	-0.5
Property Plant And Equipment Net	0.78	-0.7	0.66	0.77	0.66	0.72	0.55	0.93	0.69	-0.16	0.88	-0.76	0.31	0.08	0.69	0.77	0.48	0.88	0.45	0.97		1.0	-0.94	-0.63
Property Plant And Equipment Gross	0.78	-0.71	0.67	0.78	0.66	0.73	0.56	0.93	0.69	-0.16	0.89	-0.77	0.32	0.08	0.7	0.78	0.49	0.89	0.45	0.97	1.0		-0.94	-0.63
Capital Lease Obligations	-0.77	0.74	-0.62	-0.77	-0.66	-0.64	-0.58	-0.98	-0.65	0.16	-0.84	0.81	-0.31	-0.1	-0.64	-0.77	-0.51	-0.84	-0.49	-0.94	-0.94	-0.94		0.74
Non Current Liabilities Other	-0.5	0.56	-0.58	-0.49	-0.49	-0.62	-0.37	-0.84	-0.36	0.0	-0.61	0.6	-0.4	-0.07	-0.59	-0.49	-0.36	-0.61	-0.33	-0.5	-0.63	-0.63	0.74

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Zhejiang Yayi Account Relationship Matchups

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C	Citigroup
GM	General Motors
F	Ford Motor

Other Information on Investing in Zhejiang Stock

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

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Zhejiang Total Liab vs Total Current Assets Analysis

Total Liab vs Total Current Assets

Total Liab vs Total Current Assets Correlation Analysis

Correlation Coefficient

Total Liab

Total Current Assets

Zhejiang Yayi fundamental ratios Correlations

Zhejiang Yayi Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Other Information on Investing in Zhejiang Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Capital Stock	+ 1.0	Common Stock Shares Outstanding
Net Working Capital	+ 1.0	Total Current Assets

Capital Lease Obligations	- 0.98	Non Current Assets Total
Short Term Investments	- 0.97	Retained Earnings
Short Term Investments	- 0.97	Total Assets
Net Invested Capital	- 0.96	Short Term Investments
Short Term Investments	- 0.96	Total Stockholder Equity
Non Currrent Assets Other	- 0.96	Other Current Liab