Shanghai Good Will vs Total Assets Analysis

600895 Stock

28.47 0.38 1.35%

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

Good Will vs Total Assets

Good Will vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Zhangjiang Good Will account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Shanghai Zhangjiang's Good Will and Total Assets is -0.68. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Assets in the same time period over historical financial statements of Shanghai Zhangjiang Hi Tech, assuming nothing else is changed. The correlation between historical values of Shanghai Zhangjiang's Good Will and Total 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 Good Will of Shanghai Zhangjiang Hi Tech are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Good Will i.e., Shanghai Zhangjiang's Good Will and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.68

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Total Assets

Total assets refers to the total amount of Shanghai Zhangjiang assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Shanghai Zhangjiang books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Shanghai Zhangjiang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Zhangjiang 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 Zhangjiang Hi Tech. 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 57 M, whereas Tax Provision is forecasted to decline to about 277.6 M.

	2021	2022	2023	2024 (projected)
Operating Income	1.3B	775.8M	957.4M	611.9M
Total Revenue	2.1B	1.9B	2.0B	1.7B

Operating Income Total Revenue

Shanghai Zhangjiang fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Inventory	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Short Term Investments	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Net Receivables	Other Current Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.71	0.68	0.94	0.87	0.65	0.98	0.97	0.95	0.99	0.18	0.52	-0.35	-0.68	-0.09	0.51	0.78	0.88	-0.8	0.7	-0.87	0.76	0.72	0.44	0.83	0.89
Total Stockholder Equity	0.71		0.42	0.8	0.37	0.85	0.72	0.6	0.59	0.64	-0.24	0.78	-0.31	-0.75	0.06	0.43	0.6	0.77	-0.73	0.23	-0.61	0.78	0.71	0.63	0.65	0.66
Other Liab	0.68	0.42		0.53	0.61	0.38	0.68	0.62	0.63	0.7	0.5	0.47	0.22	-0.56	0.37	0.42	0.61	0.5	-0.32	0.42	-0.61	0.32	0.16	0.18	0.51	0.47
Retained Earnings	0.94	0.8	0.53		0.7	0.67	0.96	0.88	0.85	0.9	-0.11	0.51	-0.53	-0.63	-0.09	0.6	0.69	0.9	-0.91	0.58	-0.87	0.89	0.84	0.61	0.77	0.94
Accounts Payable	0.87	0.37	0.61	0.7		0.4	0.82	0.92	0.89	0.92	0.42	0.28	-0.24	-0.51	-0.25	0.2	0.73	0.71	-0.56	0.86	-0.66	0.48	0.55	0.03	0.76	0.67
Cash	0.65	0.85	0.38	0.67	0.4		0.65	0.57	0.5	0.62	0.04	0.72	-0.22	-0.71	-0.04	0.37	0.54	0.64	-0.63	0.27	-0.46	0.61	0.59	0.49	0.51	0.48
Other Assets	0.98	0.72	0.68	0.96	0.82	0.65		0.95	0.88	0.97	0.14	0.47	-0.39	-0.61	-0.01	0.61	0.79	0.9	-0.84	0.66	-0.89	0.8	0.72	0.5	0.8	0.89
Long Term Debt	0.97	0.6	0.62	0.88	0.92	0.57	0.95		0.93	0.98	0.21	0.4	-0.4	-0.59	-0.22	0.48	0.73	0.85	-0.76	0.81	-0.81	0.69	0.71	0.32	0.81	0.84
Inventory	0.95	0.59	0.63	0.85	0.89	0.5	0.88	0.93		0.95	0.23	0.46	-0.3	-0.65	-0.21	0.34	0.72	0.8	-0.67	0.73	-0.81	0.64	0.67	0.34	0.85	0.87
Total Liab	0.99	0.64	0.7	0.9	0.92	0.62	0.97	0.98	0.95		0.29	0.47	-0.31	-0.65	-0.1	0.47	0.8	0.86	-0.75	0.75	-0.84	0.7	0.67	0.35	0.82	0.84
Intangible Assets	0.18	-0.24	0.5	-0.11	0.42	0.04	0.14	0.21	0.23	0.29		-0.1	0.44	0.0	0.15	-0.04	0.4	0.03	0.23	0.19	-0.15	-0.25	-0.36	-0.2	0.19	-0.06
Common Stock	0.52	0.78	0.47	0.51	0.28	0.72	0.47	0.4	0.46	0.47	-0.1		0.18	-0.96	0.22	0.1	0.22	0.33	-0.33	0.19	-0.22	0.34	0.37	0.18	0.29	0.29
Property Plant Equipment	-0.35	-0.31	0.22	-0.53	-0.24	-0.22	-0.39	-0.4	-0.3	-0.31	0.44	0.18		-0.11	0.6	-0.27	-0.26	-0.58	0.78	-0.28	0.4	-0.73	-0.81	-0.5	-0.39	-0.61
Good Will	-0.68	-0.75	-0.56	-0.63	-0.51	-0.71	-0.61	-0.59	-0.65	-0.65	0.0	-0.96	-0.11		-0.13	-0.12	-0.33	-0.44	0.42	-0.43	0.34	-0.4	-0.47	-0.12	-0.41	-0.42
Short Term Investments	-0.09	0.06	0.37	-0.09	-0.25	-0.04	-0.01	-0.22	-0.21	-0.1	0.15	0.22	0.6	-0.13		0.22	0.01	-0.16	0.23	-0.32	-0.04	-0.08	-0.46	0.0	-0.21	-0.16
Other Current Liab	0.51	0.43	0.42	0.6	0.2	0.37	0.61	0.48	0.34	0.47	-0.04	0.1	-0.27	-0.12	0.22		0.42	0.54	-0.53	0.19	-0.73	0.52	0.32	0.65	0.36	0.59
Total Current Liabilities	0.78	0.6	0.61	0.69	0.73	0.54	0.79	0.73	0.72	0.8	0.4	0.22	-0.26	-0.33	0.01	0.42		0.88	-0.6	0.46	-0.82	0.67	0.5	0.46	0.9	0.72
Net Tangible Assets	0.88	0.77	0.5	0.9	0.71	0.64	0.9	0.85	0.8	0.86	0.03	0.33	-0.58	-0.44	-0.16	0.54	0.88		-0.86	0.58	-0.88	0.9	0.82	0.59	0.93	0.9
Net Receivables	-0.8	-0.73	-0.32	-0.91	-0.56	-0.63	-0.84	-0.76	-0.67	-0.75	0.23	-0.33	0.78	0.42	0.23	-0.53	-0.6	-0.86		-0.45	0.74	-0.96	-0.92	-0.65	-0.65	-0.86
Other Current Assets	0.7	0.23	0.42	0.58	0.86	0.27	0.66	0.81	0.73	0.75	0.19	0.19	-0.28	-0.43	-0.32	0.19	0.46	0.58	-0.45		-0.48	0.37	0.54	-0.2	0.59	0.53
Other Stockholder Equity	-0.87	-0.61	-0.61	-0.87	-0.66	-0.46	-0.89	-0.81	-0.81	-0.84	-0.15	-0.22	0.4	0.34	-0.04	-0.73	-0.82	-0.88	0.74	-0.48		-0.77	-0.59	-0.68	-0.84	-0.94
Deferred Long Term Liab	0.76	0.78	0.32	0.89	0.48	0.61	0.8	0.69	0.64	0.7	-0.25	0.34	-0.73	-0.4	-0.08	0.52	0.67	0.9	-0.96	0.37	-0.77		0.88	0.7	0.71	0.88
Long Term Investments	0.72	0.71	0.16	0.84	0.55	0.59	0.72	0.71	0.67	0.67	-0.36	0.37	-0.81	-0.47	-0.46	0.32	0.5	0.82	-0.92	0.54	-0.59	0.88		0.49	0.67	0.8
Short Long Term Debt	0.44	0.63	0.18	0.61	0.03	0.49	0.5	0.32	0.34	0.35	-0.2	0.18	-0.5	-0.12	0.0	0.65	0.46	0.59	-0.65	-0.2	-0.68	0.7	0.49		0.45	0.67
Total Current Assets	0.83	0.65	0.51	0.77	0.76	0.51	0.8	0.81	0.85	0.82	0.19	0.29	-0.39	-0.41	-0.21	0.36	0.9	0.93	-0.65	0.59	-0.84	0.71	0.67	0.45		0.84
Short Term Debt	0.89	0.66	0.47	0.94	0.67	0.48	0.89	0.84	0.87	0.84	-0.06	0.29	-0.61	-0.42	-0.16	0.59	0.72	0.9	-0.86	0.53	-0.94	0.88	0.8	0.67	0.84

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Shanghai Zhangjiang Account Relationship Matchups

Shanghai Zhangjiang fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	25.6B	32.8B	37.3B	42.7B	51.0B	53.6B
Total Stockholder Equity	9.3B	10.8B	10.9B	11.7B	12.4B	6.9B
Other Liab	490.7M	593.4M	1.4B	1.5B	1.8B	1.9B
Retained Earnings	5.1B	6.7B	6.9B	6.8B	7.5B	7.8B
Accounts Payable	251.9M	575.7M	1.2B	2.4B	4.8B	5.1B
Cash	1.6B	2.3B	2.4B	3.5B	2.9B	1.9B
Other Assets	6.0B	6.3B	11.8B	14.0B	16.1B	16.9B
Long Term Debt	5.7B	6.4B	12.4B	11.7B	17.4B	18.3B
Inventory	11.4B	7.8B	9.1B	11.9B	17.2B	18.0B
Total Liab	12.5B	18.3B	22.7B	27.4B	35.0B	36.7B
Intangible Assets	926.6K	4.6M	4.2M	16.0M	12.2M	14.3M
Property Plant Equipment	76.3M	71.4M	66.9M	70.1M	80.6M	79.0M
Short Term Investments	24.1M	1.3B	651.3M	111.0M	127.7M	121.3M
Other Current Liab	2.1B	2.8B	4.1B	2.9B	2.1B	2.6B
Total Current Liabilities	6.2B	10.5B	8.8B	14.1B	15.8B	9.4B
Net Tangible Assets	9.3B	10.8B	10.9B	11.6B	13.4B	10.4B
Net Receivables	579.0M	43.1M	46.8M	56.7M	88.7M	84.3M
Other Current Assets	6.4M	10.6M	364.1M	10.8M	1.3B	1.4B
Other Stockholder Equity	403.0M	24.3M	(112.4M)	(207.2M)	(186.5M)	(177.2M)
Deferred Long Term Liab	15.4M	19.8M	40.1M	30.2M	34.7M	23.2M
Short Long Term Debt	2.7B	2.7B	2.8B	3.9B	733M	696.4M
Total Current Assets	13.7B	11.8B	12.9B	15.9B	21.7B	13.4B
Non Current Assets Total	12.0B	21.0B	24.4B	26.9B	29.3B	20.1B
Non Currrent Assets Other	20.0M	59.6M	63.9M	131.6M	263.0M	276.2M
Non Current Liabilities Total	6.3B	7.8B	14.0B	13.3B	19.2B	10.6B
Non Current Liabilities Other	136.3M	326.1M	496.7M	544.9M	612.4M	324.1M
Net Debt	6.7B	6.8B	12.8B	12.1B	15.3B	9.5B
Net Invested Capital	17.7B	19.9B	26.2B	27.3B	30.6B	23.6B
Net Working Capital	7.4B	1.3B	4.1B	1.8B	6.0B	4.1B

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Balance Sheet is a snapshot of the financial position of Shanghai Zhangjiang at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Zhangjiang Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Zhangjiang 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 Good Will vs Total Assets Analysis

Good Will vs Total Assets

Good Will vs Total Assets Correlation Analysis

Correlation Coefficient

Good Will

Total Assets

Shanghai Zhangjiang fundamental ratios Correlations

Shanghai Zhangjiang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shanghai Zhangjiang fundamental ratios Accounts

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Other Information on Investing in Shanghai Stock

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Total Liab	+ 0.99	Total Assets
Other Assets	+ 0.98	Total Assets
Total Liab	+ 0.98	Long Term Debt
Long Term Debt	+ 0.97	Total Assets
Total Liab	+ 0.97	Other Assets
Other Assets	+ 0.96	Retained Earnings

Deferred Long Term Liab	- 0.96	Net Receivables
Good Will	- 0.96	Common Stock
Short Term Debt	- 0.94	Other Stockholder Equity
Long Term Investments	- 0.92	Net Receivables
Net Receivables	- 0.91	Retained Earnings
Other Stockholder Equity	- 0.89	Other Assets