Shanghai Long Term Investments vs Inventory Analysis

600616 Stock

6.61 0.60 9.98%

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

Long Term Investments vs Inventory

Long Term Investments vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Jinfeng Wine Long Term Investments account and Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Shanghai Jinfeng's Long Term Investments and Inventory is -0.33. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Inventory in the same time period over historical financial statements of Shanghai Jinfeng Wine, assuming nothing else is changed. The correlation between historical values of Shanghai Jinfeng's Long Term Investments and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Shanghai Jinfeng Wine are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Long Term Investments i.e., Shanghai Jinfeng's Long Term Investments and Inventory go up and down completely randomly.

Correlation Coefficient

-0.33

Relationship Direction	Negative
Relationship Strength	Insignificant

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Long Term Investments

Long Term Investments is an item on the asset side of Shanghai Jinfeng balance sheet that represents investments Shanghai Jinfeng Wine intends to hold for over a year. Shanghai Jinfeng Wine long term investments may include different instruments such as stocks, bonds, real estate and cash.

Inventory

Most indicators from Shanghai Jinfeng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Jinfeng Wine 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 Shanghai Jinfeng Wine. 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 237.7 M. The current year's Tax Provision is expected to grow to about 41.1 M

	2021	2022	2023	2024 (projected)
Gross Profit	276.7M	279.8M	234.2M	303.0M
Research Development	3.0M	4.0M	5.9M	6.2M

Gross Profit Research Development

Shanghai Jinfeng fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Other Liab	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other
Total Assets		-0.05	0.38	0.97	0.92	0.16	0.41	0.31	0.66	0.48	0.93	0.11	0.69	0.79	0.79	0.85	-0.77	0.79	0.57	0.4	-0.36	0.14	-0.45	-0.32	-0.41	-0.43
Other Current Liab	-0.05		-0.27	0.05	0.23	0.27	-0.47	-0.35	0.32	0.27	0.15	0.15	-0.27	-0.09	-0.05	-0.03	0.17	-0.16	-0.3	-0.43	0.06	-0.5	0.11	-0.33	0.3	0.07
Total Current Liabilities	0.38	-0.27		0.19	0.25	0.37	0.47	-0.06	0.31	0.02	0.4	-0.05	0.9	0.19	0.03	0.38	-0.42	0.21	0.45	0.11	0.01	-0.08	0.08	0.2	-0.03	0.02
Total Stockholder Equity	0.97	0.05	0.19		0.94	0.15	0.29	0.26	0.67	0.51	0.9	0.14	0.53	0.8	0.84	0.81	-0.7	0.77	0.51	0.35	-0.34	0.15	-0.45	-0.4	-0.37	-0.41
Retained Earnings	0.92	0.23	0.25	0.94		0.37	0.26	0.05	0.66	0.61	0.96	0.1	0.52	0.63	0.78	0.86	-0.74	0.63	0.46	0.21	-0.2	0.04	-0.28	-0.4	-0.2	-0.24
Accounts Payable	0.16	0.27	0.37	0.15	0.37		-0.15	-0.72	0.39	0.19	0.29	0.01	0.29	0.01	-0.05	0.45	-0.17	-0.03	0.31	-0.41	0.5	-0.14	0.53	-0.33	0.56	0.54
Cash	0.41	-0.47	0.47	0.29	0.26	-0.15		0.55	-0.16	-0.04	0.39	-0.24	0.46	0.01	0.46	0.33	-0.68	0.15	-0.01	0.7	-0.38	0.41	-0.35	0.6	-0.54	-0.35
Other Assets	0.31	-0.35	-0.06	0.26	0.05	-0.72	0.55		-0.16	-0.06	0.15	-0.01	0.14	0.24	0.48	0.13	-0.39	0.42	-0.13	0.81	-0.8	0.44	-0.83	0.3	-0.9	-0.84
Net Receivables	0.66	0.32	0.31	0.67	0.66	0.39	-0.16	-0.16		0.21	0.61	0.35	0.47	0.71	0.25	0.58	-0.26	0.63	0.52	-0.03	-0.04	-0.48	-0.13	-0.51	0.02	-0.13
Short Term Investments	0.48	0.27	0.02	0.51	0.61	0.19	-0.04	-0.06	0.21		0.65	0.19	0.21	0.18	0.52	0.43	-0.58	0.11	0.0	-0.17	-0.06	0.08	-0.16	-0.27	-0.08	-0.17
Inventory	0.93	0.15	0.4	0.9	0.96	0.29	0.39	0.15	0.61	0.65		0.13	0.65	0.59	0.74	0.83	-0.82	0.62	0.43	0.25	-0.25	0.0	-0.33	-0.3	-0.29	-0.32
Other Current Assets	0.11	0.15	-0.05	0.14	0.1	0.01	-0.24	-0.01	0.35	0.19	0.13		0.0	0.23	-0.04	0.14	0.02	0.29	0.02	-0.01	0.27	-0.33	-0.21	-0.34	-0.06	-0.23
Total Liab	0.69	-0.27	0.9	0.53	0.52	0.29	0.46	0.14	0.47	0.21	0.65	0.0		0.52	0.35	0.65	-0.59	0.56	0.64	0.28	-0.21	0.06	-0.19	-0.07	-0.26	-0.22
Intangible Assets	0.79	-0.09	0.19	0.8	0.63	0.01	0.01	0.24	0.71	0.18	0.59	0.23	0.52		0.53	0.63	-0.31	0.88	0.73	0.27	-0.28	0.01	-0.41	-0.56	-0.31	-0.37
Common Stock	0.79	-0.05	0.03	0.84	0.78	-0.05	0.46	0.48	0.25	0.52	0.74	-0.04	0.35	0.53		0.73	-0.79	0.57	0.16	0.58	-0.58	0.51	-0.65	-0.09	-0.62	-0.59
Property Plant Equipment	0.85	-0.03	0.38	0.81	0.86	0.45	0.33	0.13	0.58	0.43	0.83	0.14	0.65	0.63	0.73		-0.79	0.74	0.53	0.43	-0.27	0.17	-0.4	-0.37	-0.37	-0.36
Long Term Debt	-0.77	0.17	-0.42	-0.7	-0.74	-0.17	-0.68	-0.39	-0.26	-0.58	-0.82	0.02	-0.59	-0.31	-0.79	-0.79		-0.44	-0.15	-0.55	0.45	-0.32	0.5	-0.11	0.56	0.48
Other Liab	0.79	-0.16	0.21	0.77	0.63	-0.03	0.15	0.42	0.63	0.11	0.62	0.29	0.56	0.88	0.57	0.74	-0.44		0.68	0.52	-0.4	0.07	-0.59	-0.53	-0.52	-0.55
Good Will	0.57	-0.3	0.45	0.51	0.46	0.31	-0.01	-0.13	0.52	0.0	0.43	0.02	0.64	0.73	0.16	0.53	-0.15	0.68		0.0	0.17	-0.01	0.11	-0.54	0.12	0.15
Net Tangible Assets	0.4	-0.43	0.11	0.35	0.21	-0.41	0.7	0.81	-0.03	-0.17	0.25	-0.01	0.28	0.27	0.58	0.43	-0.55	0.52	0.0		-0.71	0.42	-0.82	0.31	-0.9	-0.77
Other Stockholder Equity	-0.36	0.06	0.01	-0.34	-0.2	0.5	-0.38	-0.8	-0.04	-0.06	-0.25	0.27	-0.21	-0.28	-0.58	-0.27	0.45	-0.4	0.17	-0.71		-0.32	0.85	-0.19	0.87	0.86
Deferred Long Term Liab	0.14	-0.5	-0.08	0.15	0.04	-0.14	0.41	0.44	-0.48	0.08	0.0	-0.33	0.06	0.01	0.51	0.17	-0.32	0.07	-0.01	0.42	-0.32		-0.26	0.23	-0.38	-0.21
Long Term Investments	-0.45	0.11	0.08	-0.45	-0.28	0.53	-0.35	-0.83	-0.13	-0.16	-0.33	-0.21	-0.19	-0.41	-0.65	-0.4	0.5	-0.59	0.11	-0.82	0.85	-0.26		-0.05	0.96	0.99
Total Current Assets	-0.32	-0.33	0.2	-0.4	-0.4	-0.33	0.6	0.3	-0.51	-0.27	-0.3	-0.34	-0.07	-0.56	-0.09	-0.37	-0.11	-0.53	-0.54	0.31	-0.19	0.23	-0.05		-0.22	-0.06
Non Current Assets Total	-0.41	0.3	-0.03	-0.37	-0.2	0.56	-0.54	-0.9	0.02	-0.08	-0.29	-0.06	-0.26	-0.31	-0.62	-0.37	0.56	-0.52	0.12	-0.9	0.87	-0.38	0.96	-0.22		0.95
Non Currrent Assets Other	-0.43	0.07	0.02	-0.41	-0.24	0.54	-0.35	-0.84	-0.13	-0.17	-0.32	-0.23	-0.22	-0.37	-0.59	-0.36	0.48	-0.55	0.15	-0.77	0.86	-0.21	0.99	-0.06	0.95

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Shanghai Jinfeng Account Relationship Matchups

Shanghai Jinfeng fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	2.3B	2.3B	2.3B	2.3B	2.1B
Other Current Liab	130.4M	112.6M	113.1M	5.3M	2.9M	2.7M
Total Current Liabilities	332.7M	254.0M	242.0M	284.0M	281.9M	444.7M
Total Stockholder Equity	2.0B	2.0B	1.9B	1.9B	2.0B	1.4B
Retained Earnings	918.5M	915.3M	882.4M	794.7M	879.1M	625.7M
Accounts Payable	123.9M	78.4M	83.5M	85.0M	87.5M	83.1M
Cash	307.9M	408.6M	323.1M	370.9M	785.4M	824.7M
Other Assets	33.0M	36.8M	39.9M	47.7M	54.8M	57.6M
Net Receivables	186.7M	109.7M	91.5M	98.5M	89.2M	84.7M
Short Term Investments	200.9M	251.1M	373.2M	401.8M	161.1M	191.6M
Inventory	744.1M	753.9M	734.5M	703.5M	673.1M	706.6M
Other Current Assets	6.3M	5.4M	5.9M	235.9K	10.6M	10.1M
Total Liab	393.3M	319.0M	358.7M	365.9M	344.1M	479.8M
Intangible Assets	102.1M	104.1M	97.3M	83.2M	77.0M	60.4M
Property Plant Equipment	572.8M	556.1M	522.8M	527.4M	606.5M	522.2M
Other Liab	66.3M	60.5M	53.2M	47.8M	54.9M	45.5M
Net Tangible Assets	1.8B	1.8B	1.8B	1.8B	2.0B	1.9B
Other Stockholder Equity	675.0	(4.2M)	(3.4M)	(3.5M)	(3.1M)	(3.0M)
Deferred Long Term Liab	1.8M	1.3M	2.5M	4.6M	5.3M	3.0M
Total Current Assets	1.6B	1.6B	1.6B	1.6B	1.7B	1.7B
Non Current Assets Total	743.3M	715.3M	720.7M	665.4M	587.3M	611.3M
Non Currrent Assets Other	2.2M	2.6M	1.5M	859.1K	2.3M	2.2M
Non Current Liabilities Total	60.5M	65.0M	116.8M	81.9M	62.2M	85.0M
Net Invested Capital	2.0B	2.0B	2.0B	1.9B	2.0B	1.6B
Net Working Capital	1.3B	1.3B	1.3B	1.3B	1.5B	1.4B

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Other Information on Investing in Shanghai Stock

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

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Shanghai Long Term Investments vs Inventory Analysis

Long Term Investments vs Inventory

Long Term Investments vs Inventory Correlation Analysis

Correlation Coefficient

Long Term Investments

Inventory

Shanghai Jinfeng fundamental ratios Correlations

Shanghai Jinfeng Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shanghai Jinfeng fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Shanghai Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Currrent Assets Other	+ 0.99	Long Term Investments
Total Stockholder Equity	+ 0.97	Total Assets
Inventory	+ 0.96	Retained Earnings
Non Current Assets Total	+ 0.96	Long Term Investments
Non Currrent Assets Other	+ 0.95	Non Current Assets Total
Retained Earnings	+ 0.94	Total Stockholder Equity

Non Current Assets Total	- 0.9	Net Tangible Assets
Non Current Assets Total	- 0.9	Other Assets
Non Currrent Assets Other	- 0.84	Other Assets
Long Term Investments	- 0.83	Other Assets
Long Term Investments	- 0.82	Net Tangible Assets
Long Term Debt	- 0.82	Inventory