Chahua Common Stock vs Non Currrent Assets Other Analysis

603615 Stock   21.87  1.05  5.04%   
Chahua Modern financial indicator trend analysis is way more than just evaluating Chahua Modern Housewares prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chahua Modern Housewares is a good investment. Please check the relationship between Chahua Modern Common Stock and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chahua Modern Housewares. 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.

Common Stock vs Non Currrent Assets Other

Common Stock vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chahua Modern Housewares Common Stock account and Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Chahua Modern's Common Stock and Non Currrent Assets Other is -0.31. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Chahua Modern Housewares, assuming nothing else is changed. The correlation between historical values of Chahua Modern's Common Stock 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 Common Stock of Chahua Modern Housewares 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 Common Stock i.e., Chahua Modern's Common Stock and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.31
Relationship DirectionNegative 
Relationship StrengthInsignificant

Common Stock

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 Chahua Modern's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chahua Modern Housewares 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 Chahua Modern Housewares. 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 1, 2024, Selling General Administrative is expected to decline to about 85.3 M. In addition to that, Tax Provision is expected to decline to about 1.8 M
 2021 2022 2023 2024 (projected)
Cost Of Revenue626.2M537.6M490.8M538.8M
Research Development10.1M7.7M7.5M9.2M

Chahua Modern fundamental ratios Correlations

-0.130.720.990.820.960.910.770.920.570.320.750.810.930.850.660.970.610.920.75-0.170.950.580.4-0.26-0.72
-0.13-0.04-0.13-0.04-0.28-0.2-0.02-0.090.120.05-0.13-0.17-0.23-0.16-0.48-0.19-0.15-0.21-0.010.85-0.17-0.4-0.480.410.21
0.72-0.040.650.360.70.60.840.750.410.030.980.520.820.870.730.730.740.60.7-0.090.750.570.77-0.14-0.72
0.99-0.130.650.850.950.920.710.890.560.360.680.810.90.80.60.960.540.930.71-0.160.930.530.32-0.25-0.67
0.82-0.040.360.850.770.790.440.570.390.390.350.830.560.520.260.70.240.740.420.030.610.170.04-0.13-0.34
0.96-0.280.70.950.770.910.750.890.460.180.750.720.910.830.690.940.620.90.7-0.260.920.610.43-0.27-0.7
0.91-0.20.60.920.790.910.490.740.260.320.580.690.850.620.440.920.330.970.45-0.160.870.30.36-0.06-0.43
0.77-0.020.840.710.440.750.490.870.7-0.030.90.530.80.960.80.710.90.520.91-0.080.770.80.5-0.35-0.89
0.92-0.090.750.890.570.890.740.870.690.160.820.640.940.90.790.920.790.80.9-0.260.950.790.43-0.4-0.88
0.570.120.410.560.390.460.260.70.690.040.50.410.540.640.570.50.630.360.73-0.110.550.630.18-0.51-0.72
0.320.050.030.360.390.180.32-0.030.160.040.00.490.230.09-0.070.31-0.270.370.040.030.29-0.11-0.110.130.02
0.75-0.130.980.680.350.750.580.90.820.50.00.530.860.940.810.750.840.60.79-0.210.80.720.74-0.23-0.81
0.81-0.170.520.810.830.720.690.530.640.410.490.530.650.680.490.720.390.70.58-0.170.660.390.29-0.26-0.53
0.93-0.230.820.90.560.910.850.80.940.540.230.860.650.880.780.970.690.890.78-0.310.990.690.6-0.3-0.79
0.85-0.160.870.80.520.830.620.960.90.640.090.940.680.880.820.80.880.630.88-0.240.860.820.55-0.3-0.87
0.66-0.480.730.60.260.690.440.80.790.57-0.070.810.490.780.820.70.820.540.83-0.540.710.870.76-0.71-0.94
0.97-0.190.730.960.70.940.920.710.920.50.310.750.720.970.80.70.570.970.73-0.230.970.560.49-0.3-0.72
0.61-0.150.740.540.240.620.330.90.790.63-0.270.840.390.690.880.820.570.360.88-0.280.650.880.52-0.41-0.89
0.92-0.210.60.930.740.90.970.520.80.360.370.60.70.890.630.540.970.360.55-0.20.90.370.42-0.21-0.54
0.75-0.010.70.710.420.70.450.910.90.730.040.790.580.780.880.830.730.880.55-0.140.760.820.42-0.55-0.97
-0.170.85-0.09-0.160.03-0.26-0.16-0.08-0.26-0.110.03-0.21-0.17-0.31-0.24-0.54-0.23-0.28-0.2-0.14-0.26-0.59-0.420.470.33
0.95-0.170.750.930.610.920.870.770.950.550.290.80.660.990.860.710.970.650.90.76-0.260.660.46-0.23-0.75
0.58-0.40.570.530.170.610.30.80.790.63-0.110.720.390.690.820.870.560.880.370.82-0.590.660.45-0.56-0.89
0.4-0.480.770.320.040.430.360.50.430.18-0.110.740.290.60.550.760.490.520.420.42-0.420.460.45-0.41-0.58
-0.260.41-0.14-0.25-0.13-0.27-0.06-0.35-0.4-0.510.13-0.23-0.26-0.3-0.3-0.71-0.3-0.41-0.21-0.550.47-0.23-0.56-0.410.67
-0.720.21-0.72-0.67-0.34-0.7-0.43-0.89-0.88-0.720.02-0.81-0.53-0.79-0.87-0.94-0.72-0.89-0.54-0.970.33-0.75-0.89-0.580.67
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Chahua Modern Account Relationship Matchups

Chahua Modern fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.6B1.5B1.4B1.4B1.5B1.3B
Other Current Liab101.1M112.0M56.2M1.2M749.0K711.5K
Total Current Liabilities175.5M170.2M132.1M122.5M249.9M136.2M
Total Stockholder Equity1.4B1.3B1.2B1.2B1.2B1.1B
Retained Earnings457.6M351.5M295.7M277.7M194.6M315.5M
Accounts Payable30.1M29.5M25.5M31.8M31.6M26.2M
Cash650.9M432.5M284.6M399.3M574.2M400.7M
Other Assets38.6M57.1M49.6M45.2M51.9M31.6M
Net Receivables111.4M113.7M122.5M116.5M112.2M101.5M
Inventory144.5M210.4M239.1M164.4M157.6M178.3M
Other Current Assets9.8M15.4M13.3M7.0M10.2M9.7M
Total Liab182.8M185.4M170.7M165.0M279.4M149.4M
Intangible Assets46.9M39.1M40.8M43.2M41.1M44.0M
Common Stock244.7M244.6M243.1M241.8M278.1M235.4M
Property Plant Equipment444.7M556.6M589.8M618.9M711.7M454.4M
Other Liab7.3M15.2M19.7M24.5M28.2M29.6M
Net Tangible Assets1.3B1.3B1.2B1.2B1.4B1.2B
Deferred Long Term Liab5.5M5.3M8.6M6.5M7.5M4.3M
Total Current Assets916.6M779.8M667.9M704.7M872.0M835.0M
Non Current Assets Total643.6M687.2M724.8M665.9M595.5M638.9M
Non Currrent Assets Other19.5M25.5M5.4M632.0K3.5M3.3M
Non Current Liabilities Total7.3M15.2M38.6M42.5M29.6M19.8M
Common Stock Shares Outstanding244.7M244.6M243.1M241.8M278.1M266.5M
Net Invested Capital1.4B1.3B1.2B1.2B1.3B1.0B
Net Working Capital741.1M609.5M535.8M582.2M622.2M556.5M
Capital Stock244.7M244.6M243.1M241.8M217.6M194.1M

Currently Active Assets on Macroaxis

Other Information on Investing in Chahua Stock

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