Universal Research Development vs Selling General Administrative Analysis

601231 Stock   16.45  0.52  3.26%   
Universal Scientific financial indicator trend analysis is much more than just breaking down Universal Scientific prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Universal Scientific is a good investment. Please check the relationship between Universal Scientific Research Development and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Universal Scientific Industrial. 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.

Research Development vs Selling General Administrative

Research Development vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Universal Scientific Research Development account and Selling General Administrative. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Universal Scientific's Research Development and Selling General Administrative is -0.15. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Universal Scientific Industrial, assuming nothing else is changed. The correlation between historical values of Universal Scientific's Research Development and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Universal Scientific Industrial are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Research Development i.e., Universal Scientific's Research Development and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

-0.15
Relationship DirectionNegative 
Relationship StrengthInsignificant

Research Development

Selling General Administrative

Most indicators from Universal Scientific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Universal Scientific 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 Universal Scientific Industrial. 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 718.4 M. The current year's Tax Provision is expected to grow to about 277.3 M
 2021 2022 2023 2024 (projected)
Operating Income2.2B3.4B2.5B1.3B
Total Revenue55.3B68.5B60.8B32.9B

Universal Scientific fundamental ratios Correlations

-0.010.870.980.880.880.970.760.810.970.980.770.990.870.780.840.680.110.940.74-0.880.750.960.880.910.86
-0.01-0.23-0.05-0.16-0.230.1-0.310.170.14-0.04-0.30.02-0.120.06-0.210.350.05-0.26-0.340.13-0.47-0.15-0.01-0.160.09
0.87-0.230.860.970.990.840.940.670.840.850.940.870.930.660.970.480.090.910.89-0.910.910.930.810.890.83
0.98-0.050.860.840.880.950.790.870.930.940.740.950.80.840.810.550.230.930.71-0.880.760.920.890.850.79
0.88-0.160.970.840.960.860.890.650.850.850.910.890.950.630.970.58-0.020.880.82-0.880.810.930.790.920.84
0.88-0.230.990.880.960.860.950.70.850.850.920.860.90.710.940.460.140.910.86-0.930.90.920.850.860.82
0.970.10.840.950.860.860.710.820.990.950.740.970.830.830.780.710.110.880.64-0.880.670.920.910.840.88
0.76-0.310.940.790.890.950.710.680.670.680.860.720.790.660.90.210.240.830.83-0.860.880.80.750.750.62
0.810.170.670.870.650.70.820.680.760.750.480.760.550.920.610.40.50.660.47-0.70.530.660.760.570.58
0.970.140.840.930.850.850.990.670.760.960.750.970.850.760.780.760.050.880.67-0.870.670.930.90.860.92
0.98-0.040.850.940.850.850.950.680.750.960.740.980.880.720.810.760.070.910.75-0.830.750.960.820.90.9
0.77-0.30.940.740.910.920.740.860.480.750.740.770.880.510.910.39-0.070.860.85-0.80.850.870.710.840.76
0.990.020.870.950.890.860.970.720.760.970.980.770.90.730.840.750.020.930.74-0.860.730.970.860.940.89
0.87-0.120.930.80.950.90.830.790.550.850.880.880.90.510.960.7-0.140.880.89-0.830.820.950.730.960.9
0.780.060.660.840.630.710.830.660.920.760.720.510.730.510.540.340.460.660.44-0.760.540.640.820.520.56
0.84-0.210.970.810.970.940.780.90.610.780.810.910.840.960.540.52-0.020.870.9-0.830.860.910.710.920.8
0.680.350.480.550.580.460.710.210.40.760.760.390.750.70.340.52-0.210.50.4-0.50.290.660.490.680.79
0.110.050.090.23-0.020.140.110.240.50.050.07-0.070.02-0.140.46-0.02-0.210.020.05-0.220.14-0.020.12-0.18-0.16
0.94-0.260.910.930.880.910.880.830.660.880.910.860.930.880.660.870.50.020.83-0.880.860.970.850.930.81
0.74-0.340.890.710.820.860.640.830.470.670.750.850.740.890.440.90.40.050.83-0.790.950.840.620.830.72
-0.880.13-0.91-0.88-0.88-0.93-0.88-0.86-0.7-0.87-0.83-0.8-0.86-0.83-0.76-0.83-0.5-0.22-0.88-0.79-0.83-0.9-0.92-0.8-0.77
0.75-0.470.910.760.810.90.670.880.530.670.750.850.730.820.540.860.290.140.860.95-0.830.840.720.780.7
0.96-0.150.930.920.930.920.920.80.660.930.960.870.970.950.640.910.66-0.020.970.84-0.90.840.850.960.9
0.88-0.010.810.890.790.850.910.750.760.90.820.710.860.730.820.710.490.120.850.62-0.920.720.850.730.8
0.91-0.160.890.850.920.860.840.750.570.860.90.840.940.960.520.920.68-0.180.930.83-0.80.780.960.730.84
0.860.090.830.790.840.820.880.620.580.920.90.760.890.90.560.80.79-0.160.810.72-0.770.70.90.80.84
Click cells to compare fundamentals

Universal Scientific Account Relationship Matchups

Universal Scientific fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets21.9B31.0B35.9B38.6B39.3B20.0B
Other Current Liab644.6M826.9M1.3B3.7M3.9M3.7M
Total Current Liabilities10.9B14.9B17.6B18.7B21.2B22.3B
Total Stockholder Equity10.3B12.1B13.1B15.7B17.0B8.6B
Other Liab144.8M223.2M560.4M516.6M594.1M623.8M
Retained Earnings6.5B7.9B8.6B10.3B11.2B11.7B
Accounts Payable7.6B11.2B11.5B11.1B10.6B6.6B
Cash6.1B6.3B6.0B7.7B11.2B11.8B
Other Assets608.4M535.1M647.7M690.9M794.5M404.0M
Net Receivables7.4B10.5B12.5B11.1B10.0B6.6B
Inventory4.3B6.8B9.0B10.9B8.3B4.4B
Other Current Assets351.4M508.5M588.2M599.9M838.4M880.3M
Total Liab11.6B18.9B22.8B22.8B22.2B11.4B
Intangible Assets137.3M290.4M453.5M415.1M368.3M386.7M
Property Plant Equipment1.6B2.5B4.0B4.8B5.5B5.8B
Net Tangible Assets10.1B10.9B12.1B13.9B15.9B10.9B
Other Stockholder Equity(44.3M)6.9M(91.2M)326.3M375.2M394.0M
Deferred Long Term Liab301.2M286.1M250.5M227.6M204.8M227.5M
Short Long Term Debt1.8B375.3M2.5B4.5B4.4B4.6B
Total Current Assets18.2B24.6B28.5B30.9B31.0B23.3B
Non Current Assets Total3.7B6.4B7.4B7.7B8.3B5.6B
Non Currrent Assets Other75.3M89.8M136.8M124.6M68.3M81.6M
Non Current Liabilities Total747.9M4.0B5.2B4.1B1.0B972.6M
Non Current Liabilities Other5.0M16.3M61.3M11.0M74.9M78.6M
Common Stock Shares Outstanding2.2B2.2B2.2B2.2B2.2B2.4B
Net Invested Capital12.1B15.4B19.8B23.6B21.4B17.7B
Net Working Capital7.3B9.7B10.9B12.1B9.8B10.0B
Capital Stock2.2B2.2B2.2B2.2B2.2B2.4B

Currently Active Assets on Macroaxis

Other Information on Investing in Universal Stock

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