Shanghai Good Will vs Cash Analysis

603057 Stock   18.46  0.75  4.23%   
Shanghai Ziyan financial indicator trend analysis is much more than just breaking down Shanghai Ziyan Foods prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Ziyan Foods is a good investment. Please check the relationship between Shanghai Ziyan Good Will and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Ziyan Foods. 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 Cash

Good Will vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Ziyan Foods Good Will account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Shanghai Ziyan's Good Will and Cash is -0.17. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash in the same time period over historical financial statements of Shanghai Ziyan Foods, assuming nothing else is changed. The correlation between historical values of Shanghai Ziyan's Good Will 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 Good Will of Shanghai Ziyan Foods 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 Good Will i.e., Shanghai Ziyan's Good Will and Cash go up and down completely randomly.

Correlation Coefficient

-0.17
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Cash

Cash refers to the most liquid asset of Shanghai Ziyan Foods, which is listed under current asset account on Shanghai Ziyan Foods balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shanghai Ziyan customers. The amounts must be unrestricted with restricted cash listed in a different Shanghai Ziyan 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 Shanghai Ziyan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Ziyan Foods 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 Ziyan Foods. 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.
As of December 12, 2024, Tax Provision is expected to decline to about 77.9 M. In addition to that, Selling General Administrative is expected to decline to about 176.6 M
 2021 2022 2023 2024 (projected)
Interest Expense5.8M3.2M2.8M4.2M
Interest Income6.0M6.4M6.7M6.6M

Shanghai Ziyan fundamental ratios Correlations

0.99-0.79-0.80.92-0.820.81-0.82-0.05-0.170.70.86-0.95-0.75-0.960.79-0.930.280.84-0.81-0.58-0.79-0.75-0.850.72-0.63
0.99-0.8-0.810.87-0.830.72-0.81-0.07-0.210.60.83-0.93-0.75-0.930.7-0.910.290.76-0.81-0.51-0.8-0.75-0.830.62-0.6
-0.79-0.80.94-0.820.99-0.780.99-0.250.63-0.74-0.970.860.960.83-0.780.9-0.74-0.761.00.780.990.960.98-0.590.81
-0.8-0.810.94-0.730.93-0.710.9-0.390.38-0.63-0.930.840.980.82-0.680.82-0.71-0.630.940.710.940.980.9-0.430.9
0.920.87-0.82-0.73-0.850.9-0.87-0.13-0.320.830.9-0.96-0.71-0.960.91-0.970.290.97-0.83-0.68-0.8-0.71-0.910.89-0.58
-0.82-0.830.990.93-0.85-0.760.99-0.150.62-0.7-0.960.90.930.86-0.760.93-0.67-0.771.00.721.00.930.98-0.60.75
0.810.72-0.78-0.710.9-0.76-0.810.23-0.290.980.9-0.79-0.75-0.830.99-0.820.480.95-0.76-0.9-0.72-0.75-0.880.92-0.75
-0.82-0.810.990.9-0.870.99-0.81-0.160.64-0.77-0.980.890.920.86-0.820.93-0.68-0.820.990.770.980.920.99-0.660.75
-0.05-0.07-0.25-0.39-0.13-0.150.23-0.16-0.070.290.260.12-0.480.090.180.120.74-0.06-0.2-0.57-0.21-0.48-0.19-0.11-0.71
-0.17-0.210.630.38-0.320.62-0.290.64-0.07-0.39-0.50.290.480.2-0.370.42-0.68-0.370.620.480.630.480.56-0.280.26
0.70.6-0.74-0.630.83-0.70.98-0.770.29-0.390.85-0.68-0.7-0.710.99-0.730.540.92-0.71-0.94-0.66-0.7-0.840.91-0.72
0.860.83-0.97-0.930.9-0.960.9-0.980.26-0.50.85-0.9-0.94-0.890.89-0.920.680.86-0.97-0.85-0.95-0.94-0.990.73-0.84
-0.95-0.930.860.84-0.960.9-0.790.890.120.29-0.68-0.90.780.99-0.780.99-0.32-0.850.880.570.870.780.91-0.710.61
-0.75-0.750.960.98-0.710.93-0.750.92-0.480.48-0.7-0.940.780.77-0.730.79-0.81-0.650.950.810.951.00.92-0.470.93
-0.96-0.930.830.82-0.960.86-0.830.860.090.2-0.71-0.890.990.77-0.810.97-0.28-0.870.840.580.820.770.89-0.740.63
0.790.7-0.78-0.680.91-0.760.99-0.820.18-0.370.990.89-0.78-0.73-0.81-0.820.490.97-0.76-0.9-0.72-0.73-0.880.94-0.71
-0.93-0.910.90.82-0.970.93-0.820.930.120.42-0.73-0.920.990.790.97-0.82-0.38-0.890.910.620.890.790.94-0.760.6
0.280.29-0.74-0.710.29-0.670.48-0.680.74-0.680.540.68-0.32-0.81-0.280.49-0.380.33-0.71-0.78-0.72-0.81-0.660.19-0.81
0.840.76-0.76-0.630.97-0.770.95-0.82-0.06-0.370.920.86-0.85-0.65-0.870.97-0.890.33-0.76-0.77-0.72-0.65-0.870.97-0.56
-0.81-0.811.00.94-0.831.0-0.760.99-0.20.62-0.71-0.970.880.950.84-0.760.91-0.71-0.760.741.00.950.98-0.580.78
-0.58-0.510.780.71-0.680.72-0.90.77-0.570.48-0.94-0.850.570.810.58-0.90.62-0.78-0.770.740.710.810.83-0.720.86
-0.79-0.80.990.94-0.81.0-0.720.98-0.210.63-0.66-0.950.870.950.82-0.720.89-0.72-0.721.00.710.950.96-0.530.77
-0.75-0.750.960.98-0.710.93-0.750.92-0.480.48-0.7-0.940.781.00.77-0.730.79-0.81-0.650.950.810.950.92-0.470.93
-0.85-0.830.980.9-0.910.98-0.880.99-0.190.56-0.84-0.990.910.920.89-0.880.94-0.66-0.870.980.830.960.92-0.740.79
0.720.62-0.59-0.430.89-0.60.92-0.66-0.11-0.280.910.73-0.71-0.47-0.740.94-0.760.190.97-0.58-0.72-0.53-0.47-0.74-0.43
-0.63-0.60.810.9-0.580.75-0.750.75-0.710.26-0.72-0.840.610.930.63-0.710.6-0.81-0.560.780.860.770.930.79-0.43
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Other Information on Investing in Shanghai Stock

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