Ningbo Inventory vs Net Receivables Analysis

603219 Stock

14.68 0.24 1.61%

Ningbo Fujia financial indicator trend analysis is infinitely more than just investigating Ningbo Fujia Industrial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Fujia Industrial is a good investment. Please check the relationship between Ningbo Fujia Inventory and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Fujia 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 board of governors.

Inventory vs Net Receivables

Inventory vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Fujia Industrial Inventory account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Ningbo Fujia's Inventory and Net Receivables is 0.88. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Ningbo Fujia Industrial, assuming nothing else is changed. The correlation between historical values of Ningbo Fujia's Inventory and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Ningbo Fujia Industrial are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Inventory i.e., Ningbo Fujia's Inventory and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Inventory

Net Receivables

Most indicators from Ningbo Fujia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Fujia Industrial 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 Ningbo Fujia 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 board of governors.

As of December 27, 2024, Selling General Administrative is expected to decline to about 32.4 M. In addition to that, Tax Provision is expected to decline to about 34.7 M

	2021	2022	2023	2024 (projected)
Interest Expense	10.4M	8.9M	4.4M	6.5M
Depreciation And Amortization	9.7M	68.6M	78.8M	82.8M

Interest Expense Depreciation And Amortization

Ningbo Fujia fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Long Term Debt	Net Receivables	Good Will
Total Assets		-0.24	-0.27	0.9	0.97	0.98	-0.78	0.75	0.98	0.92	0.75	-0.72	0.9	0.82	-0.75	0.9	-0.67	0.93	0.9	0.99	0.57	0.88	0.9	-0.94	0.99	0.58
Short Long Term Debt Total	-0.24		0.74	0.06	-0.41	-0.38	0.74	-0.52	-0.18	-0.47	-0.4	0.36	-0.53	-0.56	0.1	0.09	0.23	-0.48	0.11	-0.19	0.4	-0.58	-0.19	0.48	-0.26	-0.64
Other Current Liab	-0.27	0.74		-0.17	-0.31	-0.34	0.57	-0.3	-0.32	-0.41	-0.35	0.49	-0.55	-0.67	0.21	0.02	0.16	-0.48	-0.16	-0.24	0.06	-0.62	-0.29	0.42	-0.36	-0.92
Total Current Liabilities	0.9	0.06	-0.17		0.79	0.85	-0.55	0.42	0.95	0.73	0.53	-0.74	0.79	0.66	-0.87	0.94	-0.62	0.81	0.98	0.93	0.85	0.71	0.93	-0.75	0.89	0.49
Total Stockholder Equity	0.97	-0.41	-0.31	0.79		0.98	-0.86	0.84	0.92	0.95	0.78	-0.69	0.89	0.84	-0.68	0.82	-0.65	0.94	0.78	0.95	0.39	0.89	0.85	-0.97	0.95	0.57
Property Plant And Equipment Net	0.98	-0.38	-0.34	0.85	0.98		-0.83	0.76	0.95	0.93	0.77	-0.73	0.92	0.85	-0.78	0.85	-0.73	0.95	0.83	0.96	0.5	0.89	0.92	-0.95	0.96	0.61
Net Debt	-0.78	0.74	0.57	-0.55	-0.86	-0.83		-0.81	-0.73	-0.9	-0.66	0.7	-0.92	-0.82	0.52	-0.53	0.51	-0.89	-0.53	-0.76	-0.13	-0.91	-0.66	0.89	-0.78	-0.73
Retained Earnings	0.75	-0.52	-0.3	0.42	0.84	0.76	-0.81		0.67	0.86	0.82	-0.34	0.71	0.78	-0.19	0.47	-0.46	0.71	0.47	0.7	-0.09	0.75	0.46	-0.83	0.76	0.51
Accounts Payable	0.98	-0.18	-0.32	0.95	0.92	0.95	-0.73	0.67		0.9	0.71	-0.74	0.89	0.85	-0.79	0.88	-0.65	0.89	0.94	0.97	0.64	0.84	0.92	-0.88	0.97	0.62
Cash	0.92	-0.47	-0.41	0.73	0.95	0.93	-0.9	0.86	0.9		0.73	-0.7	0.89	0.91	-0.61	0.68	-0.53	0.87	0.73	0.9	0.29	0.86	0.78	-0.92	0.9	0.63
Non Current Assets Total	0.75	-0.4	-0.35	0.53	0.78	0.77	-0.66	0.82	0.71	0.73		-0.19	0.74	0.79	-0.32	0.54	-0.82	0.69	0.57	0.65	0.12	0.71	0.57	-0.71	0.75	0.6
Non Currrent Assets Other	-0.72	0.36	0.49	-0.74	-0.69	-0.73	0.7	-0.34	-0.74	-0.7	-0.19		-0.74	-0.63	0.83	-0.65	0.23	-0.81	-0.66	-0.78	-0.58	-0.76	-0.81	0.75	-0.72	-0.59
Cash And Short Term Investments	0.9	-0.53	-0.55	0.79	0.89	0.92	-0.92	0.71	0.89	0.89	0.74	-0.74		0.86	-0.71	0.74	-0.71	0.96	0.77	0.88	0.45	0.95	0.83	-0.9	0.9	0.8
Common Stock Shares Outstanding	0.82	-0.56	-0.67	0.66	0.84	0.85	-0.82	0.78	0.85	0.91	0.79	-0.63	0.86		-0.54	0.52	-0.55	0.81	0.66	0.78	0.22	0.85	0.73	-0.82	0.84	0.83
Non Current Liabilities Total	-0.75	0.1	0.21	-0.87	-0.68	-0.78	0.52	-0.19	-0.79	-0.61	-0.32	0.83	-0.71	-0.54		-0.82	0.59	-0.75	-0.77	-0.79	-0.82	-0.61	-0.95	0.64	-0.7	-0.4
Inventory	0.9	0.09	0.02	0.94	0.82	0.85	-0.53	0.47	0.88	0.68	0.54	-0.65	0.74	0.52	-0.82		-0.67	0.82	0.93	0.92	0.81	0.7	0.89	-0.78	0.88	0.33
Other Current Assets	-0.67	0.23	0.16	-0.62	-0.65	-0.73	0.51	-0.46	-0.65	-0.53	-0.82	0.23	-0.71	-0.55	0.59	-0.67		-0.65	-0.6	-0.6	-0.44	-0.57	-0.71	0.56	-0.63	-0.43
Other Stockholder Equity	0.93	-0.48	-0.48	0.81	0.94	0.95	-0.89	0.71	0.89	0.87	0.69	-0.81	0.96	0.81	-0.75	0.82	-0.65		0.79	0.92	0.5	0.97	0.87	-0.97	0.94	0.73
Total Liab	0.9	0.11	-0.16	0.98	0.78	0.83	-0.53	0.47	0.94	0.73	0.57	-0.66	0.77	0.66	-0.77	0.93	-0.6	0.79		0.91	0.81	0.71	0.86	-0.74	0.9	0.5
Total Current Assets	0.99	-0.19	-0.24	0.93	0.95	0.96	-0.76	0.7	0.97	0.9	0.65	-0.78	0.88	0.78	-0.79	0.92	-0.6	0.92	0.91		0.63	0.86	0.92	-0.93	0.98	0.54
Short Term Debt	0.57	0.4	0.06	0.85	0.39	0.5	-0.13	-0.09	0.64	0.29	0.12	-0.58	0.45	0.22	-0.82	0.81	-0.44	0.5	0.81	0.63		0.36	0.74	-0.36	0.55	0.19
Intangible Assets	0.88	-0.58	-0.62	0.71	0.89	0.89	-0.91	0.75	0.84	0.86	0.71	-0.76	0.95	0.85	-0.61	0.7	-0.57	0.97	0.71	0.86	0.36		0.76	-0.95	0.91	0.84
Common Stock	0.9	-0.19	-0.29	0.93	0.85	0.92	-0.66	0.46	0.92	0.78	0.57	-0.81	0.83	0.73	-0.95	0.89	-0.71	0.87	0.86	0.92	0.74	0.76		-0.8	0.87	0.53
Long Term Debt	-0.94	0.48	0.42	-0.75	-0.97	-0.95	0.89	-0.83	-0.88	-0.92	-0.71	0.75	-0.9	-0.82	0.64	-0.78	0.56	-0.97	-0.74	-0.93	-0.36	-0.95	-0.8		-0.95	-0.66
Net Receivables	0.99	-0.26	-0.36	0.89	0.95	0.96	-0.78	0.76	0.97	0.9	0.75	-0.72	0.9	0.84	-0.7	0.88	-0.63	0.94	0.9	0.98	0.55	0.91	0.87	-0.95		0.66
Good Will	0.58	-0.64	-0.92	0.49	0.57	0.61	-0.73	0.51	0.62	0.63	0.6	-0.59	0.8	0.83	-0.4	0.33	-0.43	0.73	0.5	0.54	0.19	0.84	0.53	-0.66	0.66

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Ningbo Fujia Account Relationship Matchups

Ningbo Fujia fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.8B	2.4B	2.3B	2.7B	2.0B
Short Long Term Debt Total	245.1M	422.1M	375.0M	124.0M	111.6M	106.0M
Other Current Liab	35.4M	51.2M	51.3M	45.6M	1.1M	1.0M
Total Current Liabilities	554.4M	1.1B	1.1B	783.8M	1.0B	874.1M
Total Stockholder Equity	595.9M	729.4M	1.3B	1.5B	1.6B	1.1B
Property Plant And Equipment Net	264.2M	298.8M	396.7M	448.1M	501.6M	362.9M
Net Debt	167.6M	103.3M	(57.2M)	(522.8M)	(470.6M)	(447.0M)
Retained Earnings	121.3M	227.6M	436.5M	590.2M	661.5M	377.3M
Accounts Payable	313.7M	629.4M	700.6M	617.7M	884.7M	594.0M
Cash	77.5M	318.8M	432.3M	646.8M	791.8M	425.5M
Non Current Assets Total	504.1M	554.2M	521.8M	606.9M	734.9M	570.8M
Non Currrent Assets Other	221.1M	232.9M	82.0M	107.0M	48.4M	46.0M
Cash And Short Term Investments	238.7M	480.6M	502.3M	794.6M	913.8M	959.5M
Common Stock Shares Outstanding	324.2M	358.8M	362.0M	401M	561.4M	418.3M
Liabilities And Stockholders Equity	1.2B	1.8B	2.4B	2.3B	2.7B	1.8B
Non Current Liabilities Total	41.8M	41.5M	40.1M	25.9M	32.7M	46.2M
Inventory	199.5M	343.3M	479.5M	335.9M	291.1M	296.1M
Other Current Assets	3.6M	104.3K	218.3M	32.0K	55.0M	52.3M
Other Stockholder Equity	129.6M	141.9M	463.3M	501.5M	576.8M	605.6M
Total Liab	596.2M	1.1B	1.1B	809.7M	1.1B	937.6M
Total Current Assets	687.7M	1.3B	1.9B	1.7B	2.0B	1.4B
Short Term Debt	205.3M	382.3M	344.3M	120.5M	138.6M	247.9M
Intangible Assets	9.1M	10.8M	35.4M	36.9M	52.7M	55.4M
Common Stock	312M	345M	360M	401M	461.2M	367.0M

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Other Information on Investing in Ningbo Stock

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

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Ningbo Inventory vs Net Receivables Analysis

Inventory vs Net Receivables

Inventory vs Net Receivables Correlation Analysis

Correlation Coefficient

Inventory

Net Receivables

Ningbo Fujia fundamental ratios Correlations

Ningbo Fujia Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningbo Fujia fundamental ratios Accounts

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Total Current Assets	+ 0.99	Total Assets
Net Receivables	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Assets
Accounts Payable	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Current Liabilities
Property Plant And Equipment Net	+ 0.98	Total Stockholder Equity

Long Term Debt	- 0.97	Other Stockholder Equity
Long Term Debt	- 0.97	Total Stockholder Equity
Net Receivables	- 0.95	Long Term Debt
Long Term Debt	- 0.95	Intangible Assets
Common Stock	- 0.95	Non Current Liabilities Total
Long Term Debt	- 0.95	Property Plant And Equipment Net