Xiamen Other Liab vs Short Term Investments Analysis

603180 Stock   21.36  0.11  0.52%   
Xiamen Goldenhome financial indicator trend analysis is more than just analyzing Xiamen Goldenhome current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen Goldenhome is a good investment. Please check the relationship between Xiamen Goldenhome Other Liab and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen Goldenhome Co. 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.

Other Liab vs Short Term Investments

Other Liab vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiamen Goldenhome Other Liab account and Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Xiamen Goldenhome's Other Liab and Short Term Investments is 0.94. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Xiamen Goldenhome Co, assuming nothing else is changed. The correlation between historical values of Xiamen Goldenhome's Other Liab and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Xiamen Goldenhome Co are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Other Liab i.e., Xiamen Goldenhome's Other Liab and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Other Liab

Short Term Investments

Short Term Investments is an item under the current assets section of Xiamen Goldenhome balance sheet. It contains any investments Xiamen Goldenhome Co undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Xiamen Goldenhome can easily liquidate in the marketplace.
Most indicators from Xiamen Goldenhome's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen Goldenhome 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 Xiamen Goldenhome Co. 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 Tax Provision is expected to grow to about 20.2 M, whereas Selling General Administrative is forecasted to decline to about 355.6 M.
 2021 2022 2023 2024 (projected)
Operating Income335.2M275.5M276.1M193.1M
Total Revenue3.4B3.6B3.6B2.0B

Xiamen Goldenhome fundamental ratios Correlations

0.181.00.990.940.990.880.860.990.920.980.880.120.990.950.980.990.960.990.880.990.850.930.730.930.74
0.180.220.230.40.240.430.480.26-0.050.220.30.270.11-0.020.10.260.310.230.210.17-0.130.360.410.150.58
1.00.221.00.941.00.910.860.990.910.970.910.110.980.930.981.00.970.990.860.990.860.930.740.940.77
0.990.231.00.951.00.910.870.990.90.970.910.150.970.920.970.990.971.00.860.990.860.940.750.940.79
0.940.40.940.950.960.920.860.960.790.940.840.320.910.870.870.960.960.940.780.910.710.910.810.870.87
0.990.241.01.00.960.920.880.990.910.970.910.160.980.930.961.00.970.990.870.990.850.940.760.930.79
0.880.430.910.910.920.920.940.910.760.850.960.150.840.760.830.910.920.90.780.870.810.960.850.930.85
0.860.480.860.870.860.880.940.850.790.830.920.170.830.750.790.880.840.860.870.860.730.960.830.890.72
0.990.260.990.990.960.990.910.850.870.970.90.130.970.910.970.990.970.990.830.970.840.930.710.930.81
0.92-0.050.910.90.790.910.760.790.870.860.82-0.040.930.910.90.90.810.90.940.930.860.840.580.880.57
0.980.220.970.970.940.970.850.830.970.860.820.120.980.950.950.970.960.980.820.960.780.910.740.880.73
0.880.30.910.910.840.910.960.920.90.820.820.080.840.750.870.90.870.90.80.890.90.960.740.970.75
0.120.270.110.150.320.160.150.170.13-0.040.120.080.080.170.060.170.150.14-0.050.13-0.030.10.310.080.22
0.990.110.980.970.910.980.840.830.970.930.980.840.080.980.970.980.940.980.880.980.840.90.70.910.67
0.95-0.020.930.920.870.930.760.750.910.910.950.750.170.980.920.930.890.930.820.940.80.820.690.850.57
0.980.10.980.970.870.960.830.790.970.90.950.870.060.970.920.960.930.980.820.980.890.90.630.920.68
0.990.261.00.990.961.00.910.880.990.90.970.90.170.980.930.960.970.990.870.990.830.940.760.930.78
0.960.310.970.970.960.970.920.840.970.810.960.870.150.940.890.930.970.970.780.940.790.910.820.890.82
0.990.230.991.00.940.990.90.860.990.90.980.90.140.980.930.980.990.970.860.990.850.940.730.930.77
0.880.210.860.860.780.870.780.870.830.940.820.8-0.050.880.820.820.870.780.860.880.720.840.620.820.6
0.990.170.990.990.910.990.870.860.970.930.960.890.130.980.940.980.990.940.990.880.870.930.710.930.71
0.85-0.130.860.860.710.850.810.730.840.860.780.9-0.030.840.80.890.830.790.850.720.870.850.590.950.53
0.930.360.930.940.910.940.960.960.930.840.910.960.10.90.820.90.940.910.940.840.930.850.80.970.78
0.730.410.740.750.810.760.850.830.710.580.740.740.310.70.690.630.760.820.730.620.710.590.80.720.62
0.930.150.940.940.870.930.930.890.930.880.880.970.080.910.850.920.930.890.930.820.930.950.970.720.72
0.740.580.770.790.870.790.850.720.810.570.730.750.220.670.570.680.780.820.770.60.710.530.780.620.72
Click cells to compare fundamentals

Xiamen Goldenhome Account Relationship Matchups

Xiamen Goldenhome fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B3.5B4.5B4.9B6.0B6.3B
Other Current Liab460.1M632.4M778.8M48.9M53.4M50.7M
Total Current Liabilities1.1B1.6B2.0B2.2B2.4B2.5B
Total Stockholder Equity1.2B1.8B2.4B2.6B2.8B2.9B
Other Liab41.5M36.4M61.6M52.0M59.8M62.8M
Retained Earnings680.1M912.0M1.2B1.3B1.4B1.4B
Accounts Payable520.6M729.9M748.3M834.1M835.7M485.6M
Cash661.9M467.9M760.0M596.5M788.2M422.8M
Other Assets104.6M118.5M253.4M287.4M330.6M347.1M
Net Receivables109.0M52.1M89.8M146.7M150.9M158.4M
Short Term Investments479.5M904.1M956.8M821.5M1.4B1.4B
Inventory242.9M299.3M471.1M528.1M498.4M258.8M
Other Current Assets35.1M61.9M78.6M42.5M41.8M72.2M
Total Liab1.5B1.7B2.1B2.3B3.2B3.4B
Intangible Assets124.3M125.2M126.6M180.6M294.4M309.1M
Common Stock67.5M67.2M103.3M154.4M177.5M186.4M
Property Plant Equipment683.8M851.1M1.1B1.5B1.7B1.8B
Net Tangible Assets1.1B1.7B2.3B2.3B2.7B2.8B
Other Stockholder Equity(82.5K)61.4M17.2M46.0M52.9M55.5M
Deferred Long Term Liab33.3M41.8M44.6M76.0M87.4M91.8M
Total Current Assets1.5B1.9B2.5B2.3B3.0B1.7B
Non Current Assets Total1.1B1.6B2.0B2.6B3.0B1.7B
Non Currrent Assets Other70.2M198.4M131.2M136.8M65.3M97.4M
Non Current Liabilities Total359.5M62.6M79.9M74.5M844.5M886.7M
Common Stock Shares Outstanding131.7M144.6M154.4M154.3M154.3M157.6M
Net Invested Capital1.6B2.0B2.7B3.3B4.2B2.5B
Net Working Capital425.7M294.4M459.7M64.3M619.8M356.0M
Capital Stock67.2M103.3M154.4M154.3M154.3M128.5M
Non Current Liabilities Other323.0M19.5M4.5M4.9M1.6M1.5M

Currently Active Assets on Macroaxis

Other Information on Investing in Xiamen Stock

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