Juewei Inventory vs Non Currrent Assets Other Analysis

603517 Stock   19.92  0.74  3.86%   
Juewei Food financial indicator trend analysis is infinitely more than just investigating Juewei Food recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Juewei Food is a good investment. Please check the relationship between Juewei Food Inventory and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Juewei Food 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 board of governors.

Inventory vs Non Currrent Assets Other

Inventory vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Juewei Food Inventory account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between Juewei Food's Inventory and Non Currrent Assets Other is 0.76. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Juewei Food Co, assuming nothing else is changed. The correlation between historical values of Juewei Food's Inventory and Non Currrent Assets Other 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 Juewei Food Co are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Inventory i.e., Juewei Food's Inventory and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

Inventory

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Juewei Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Juewei Food 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 Juewei Food 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 board of governors.
The current year's Selling General Administrative is expected to grow to about 475.3 M. The current year's Tax Provision is expected to grow to about 246.1 M
 2021 2022 2023 2024 (projected)
Operating Income1.1B466.1M717.1M638.3M
Total Revenue6.5B6.6B7.3B4.5B

Juewei Food fundamental ratios Correlations

-0.020.971.00.880.980.780.710.860.86-0.060.970.870.820.990.950.520.91-0.520.850.930.940.940.760.820.84
-0.02-0.160.030.34-0.180.160.41-0.150.250.72-0.180.070.30.03-0.10.330.210.080.080.150.110.010.220.26-0.33
0.97-0.160.950.790.980.650.570.930.79-0.231.00.820.720.980.980.440.83-0.550.80.870.850.910.630.730.91
1.00.030.950.90.970.820.750.820.870.00.950.870.840.990.930.550.93-0.50.860.940.950.940.80.840.81
0.880.340.790.90.810.840.860.660.960.220.780.910.950.890.790.710.98-0.430.850.890.940.910.790.910.61
0.98-0.180.980.970.810.720.590.880.79-0.220.980.850.750.970.970.470.85-0.620.780.850.880.930.670.740.9
0.780.160.650.820.840.720.810.440.720.210.640.760.810.730.630.570.86-0.250.790.780.930.780.840.840.5
0.710.410.570.750.860.590.810.350.850.550.530.720.860.690.50.710.82-0.130.720.850.850.660.940.920.23
0.86-0.150.930.820.660.880.440.350.68-0.360.940.670.550.890.950.310.7-0.630.670.730.680.830.390.590.92
0.860.250.790.870.960.790.720.850.680.20.780.890.930.870.770.70.95-0.410.840.870.90.890.760.90.58
-0.060.72-0.230.00.22-0.220.210.55-0.360.2-0.27-0.050.18-0.08-0.270.090.180.310.150.240.15-0.060.480.31-0.51
0.97-0.181.00.950.780.980.640.530.940.78-0.270.820.710.970.980.430.82-0.570.790.850.840.910.60.710.93
0.870.070.820.870.910.850.760.720.670.89-0.050.820.920.870.810.720.89-0.460.810.780.880.90.660.790.71
0.820.30.720.840.950.750.810.860.550.930.180.710.920.820.70.860.9-0.330.80.810.890.820.760.850.51
0.990.030.980.990.890.970.730.690.890.87-0.080.970.870.820.970.550.9-0.550.820.910.910.930.710.80.85
0.95-0.10.980.930.790.970.630.50.950.77-0.270.980.810.70.970.430.82-0.660.750.80.820.920.540.690.94
0.520.330.440.550.710.470.570.710.310.70.090.430.720.860.550.430.59-0.20.440.520.590.50.540.640.23
0.910.210.830.930.980.850.860.820.70.950.180.820.890.90.90.820.59-0.440.920.910.970.960.80.910.67
-0.520.08-0.55-0.5-0.43-0.62-0.25-0.13-0.63-0.410.31-0.57-0.46-0.33-0.55-0.66-0.2-0.44-0.2-0.31-0.4-0.55-0.17-0.37-0.63
0.850.080.80.860.850.780.790.720.670.840.150.790.810.80.820.750.440.92-0.20.870.910.90.720.810.66
0.930.150.870.940.890.850.780.850.730.870.240.850.780.810.910.80.520.91-0.310.870.920.870.890.890.63
0.940.110.850.950.940.880.930.850.680.90.150.840.880.890.910.820.590.97-0.40.910.920.930.860.930.67
0.940.010.910.940.910.930.780.660.830.89-0.060.910.90.820.930.920.50.96-0.550.90.870.930.670.820.84
0.760.220.630.80.790.670.840.940.390.760.480.60.660.760.710.540.540.8-0.170.720.890.860.670.870.32
0.820.260.730.840.910.740.840.920.590.90.310.710.790.850.80.690.640.91-0.370.810.890.930.820.870.48
0.84-0.330.910.810.610.90.50.230.920.58-0.510.930.710.510.850.940.230.67-0.630.660.630.670.840.320.48
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Juewei Food Account Relationship Matchups

Juewei Food fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.5B5.9B7.4B8.9B9.3B9.8B
Other Current Liab339.6M371.6M596.2M14.1M11.4M10.9M
Total Current Liabilities880.6M903.9M1.5B1.7B2.1B2.3B
Total Stockholder Equity4.6B5.0B5.7B6.9B6.9B7.2B
Retained Earnings2.4B2.8B3.4B3.0B3.3B1.8B
Accounts Payable290.7M418.8M473.3M705.4M713.0M748.6M
Cash1.6B1.1B1.1B1.9B1.1B868.6M
Other Assets241.5M290.4M291.7M194.6M223.8M157.7M
Net Receivables13.4M37.1M154.6M116.0M178.8M187.8M
Inventory668.5M857.4M853.5M701.6M1.1B570.1M
Other Current Assets186.5M211.9M126.6M32.2M43.7M41.5M
Total Liab897.3M932.0M1.7B2.0B2.5B2.6B
Intangible Assets197.3M212.7M249.3M321.3M331.6M190.9M
Property Plant Equipment1.1B1.4B1.7B2.4B2.7B2.9B
Other Liab13.7M16.7M28.1M63.4M72.9M76.5M
Net Tangible Assets2.9B4.4B4.8B5.5B6.3B3.5B
Other Stockholder Equity1.9M6.3M(4.2M)(4.6M)(4.2M)(4.0M)
Deferred Long Term Liab56.6M75.5M62.4M70.1M80.6M64.1M
Total Current Assets2.5B2.2B2.3B2.9B2.9B2.1B
Non Current Assets Total3.0B3.7B5.1B6.0B6.5B4.0B
Non Currrent Assets Other199.1M213.7M110.2M173.3M137.5M161.6M
Non Current Liabilities Total16.7M28.1M234.4M330.0M311.6M327.2M
Short Long Term Debt180M35.4M203.2M360.3M783.5M822.7M
Net Invested Capital4.7B5.0B5.9B7.3B7.7B5.7B
Net Working Capital1.6B1.3B816.8M1.2B700.7M843.5M

Currently Active Assets on Macroaxis

Other Information on Investing in Juewei Stock

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