Fuzhou Cash vs Other Current Assets Analysis

603893 Stock   84.29  0.91  1.09%   
Fuzhou Rockchip financial indicator trend analysis is much more than just examining Fuzhou Rockchip Elec latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fuzhou Rockchip Elec is a good investment. Please check the relationship between Fuzhou Rockchip Cash and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Fuzhou Rockchip Electronics. 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.

Cash vs Other Current Assets

Cash vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fuzhou Rockchip Elec Cash account and Other Current Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Fuzhou Rockchip's Cash and Other Current Assets is 0.0. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Fuzhou Rockchip Electronics, assuming nothing else is changed. The correlation between historical values of Fuzhou Rockchip's Cash and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Fuzhou Rockchip Electronics are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash i.e., Fuzhou Rockchip's Cash and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.0
Relationship DirectionFlat 
Relationship StrengthInsignificant

Cash

Cash refers to the most liquid asset of Fuzhou Rockchip Elec, which is listed under current asset account on Fuzhou Rockchip Electronics balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Fuzhou Rockchip customers. The amounts must be unrestricted with restricted cash listed in a different Fuzhou Rockchip 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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Fuzhou Rockchip's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fuzhou Rockchip Elec 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 Fuzhou Rockchip Electronics. 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 Selling General Administrative is expected to grow to about 71.4 M, whereas Tax Provision is projected to grow to (50 M).
 2021 2022 2023 2024 (projected)
Gross Profit1.1B764.9M731.0M726.4M
Total Revenue2.7B2.0B2.1B1.9B

Fuzhou Rockchip fundamental ratios Correlations

0.330.03-0.010.150.05-0.270.14-0.260.36-0.42-0.110.05-0.120.090.050.02-0.060.04-0.210.160.60.340.560.330.02
0.330.520.880.940.910.710.70.610.680.470.760.90.710.890.930.910.530.880.470.80.551.0-0.320.70.86
0.030.520.610.60.350.35-0.050.26-0.020.580.520.670.710.270.610.60.850.290.040.570.730.57-0.230.640.58
-0.010.880.610.970.880.870.590.790.580.570.820.990.920.890.990.990.680.880.620.830.350.87-0.360.520.82
0.150.940.60.970.870.790.60.720.690.540.80.980.880.880.990.980.660.870.630.840.460.94-0.310.560.84
0.050.910.350.880.870.90.860.810.680.550.850.840.640.970.90.890.340.980.550.70.260.89-0.430.510.84
-0.270.710.350.870.790.90.720.940.560.670.860.790.690.880.830.840.350.910.690.640.00.68-0.40.30.69
0.140.7-0.050.590.60.860.720.640.760.180.710.530.280.880.620.61-0.130.870.350.30.090.67-0.30.270.66
-0.260.610.260.790.720.810.940.640.590.640.690.720.640.780.760.780.310.870.780.57-0.050.57-0.370.180.64
0.360.68-0.020.580.690.680.560.760.590.110.560.580.380.760.630.620.00.750.610.380.220.66-0.040.130.58
-0.420.470.580.570.540.550.670.180.640.110.60.560.510.390.560.570.540.510.540.560.140.48-0.590.380.57
-0.110.760.520.820.80.850.860.710.690.560.60.790.640.840.80.80.350.810.40.570.290.76-0.360.390.76
0.050.90.670.990.980.840.790.530.720.580.560.790.940.850.990.990.750.830.580.840.460.9-0.360.570.85
-0.120.710.710.920.880.640.690.280.640.380.510.640.940.680.90.910.860.650.560.770.350.71-0.330.480.7
0.090.890.270.890.880.970.880.880.780.760.390.840.850.680.90.890.310.970.570.670.210.86-0.320.410.79
0.050.930.610.990.990.90.830.620.760.630.560.80.990.90.91.00.680.890.60.820.430.92-0.410.580.88
0.020.910.60.990.980.890.840.610.780.620.570.80.990.910.891.00.690.890.620.810.410.9-0.420.550.87
-0.060.530.850.680.660.340.35-0.130.310.00.540.350.750.860.310.680.690.310.320.730.50.56-0.30.60.53
0.040.880.290.880.870.980.910.870.870.750.510.810.830.650.970.890.890.310.630.640.20.85-0.40.450.82
-0.210.470.040.620.630.550.690.350.780.610.540.40.580.560.570.60.620.320.630.57-0.230.43-0.250.040.39
0.160.80.570.830.840.70.640.30.570.380.560.570.840.770.670.820.810.730.640.570.360.78-0.140.460.59
0.60.550.730.350.460.260.00.09-0.050.220.140.290.460.350.210.430.410.50.2-0.230.360.61-0.030.640.56
0.341.00.570.870.940.890.680.670.570.660.480.760.90.710.860.920.90.560.850.430.780.61-0.340.720.88
0.56-0.32-0.23-0.36-0.31-0.43-0.4-0.3-0.37-0.04-0.59-0.36-0.36-0.33-0.32-0.41-0.42-0.3-0.4-0.25-0.14-0.03-0.34-0.31-0.66
0.330.70.640.520.560.510.30.270.180.130.380.390.570.480.410.580.550.60.450.040.460.640.72-0.310.59
0.020.860.580.820.840.840.690.660.640.580.570.760.850.70.790.880.870.530.820.390.590.560.88-0.660.59
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Fuzhou Rockchip Account Relationship Matchups

Fuzhou Rockchip fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab79.4M133.4M128.7M89.9M28.5K27.0K
Total Current Liabilities315.0M391.6M484.8M411.5M420.6M344.0M
Other Liab33.0M66.0M24.1M29.0M33.3M34.5M
Net Tangible Assets1.6B2.1B2.7B2.8B3.2B1.8B
Retained Earnings636.2M811.8M1.2B1.1B983.9M705.4M
Accounts Payable150.2M188.0M268.5M267.3M309.4M209.7M
Other Assets78.0M72.5M125.9M177.9M204.6M106.8M
Net Receivables106.3M157.9M309.8M279.0M294.3M214.6M
Inventory325.5M241.9M474.3M1.5B1.3B628.8M
Other Current Assets22.6M19.8M136.7M144.9M35.8M55.4M
Other Stockholder Equity345.6K232.5K(15.8K)421.2K484.4K508.6K
Deferred Long Term Liab31.2M50.4M70.9M61.5M70.8M52.6M
Total Current Assets1.8B2.4B2.8B2.7B2.9B2.1B
Property Plant Equipment29.2M42.1M100.4M86.0M98.9M50.8M
Total Assets2.1B2.7B3.4B3.4B3.5B2.7B
Total Stockholder Equity1.7B2.3B2.9B2.9B3.1B2.3B
Cash1.4B1.5B669.2M710.9M1.0B998.7M
Non Current Assets Total252.2M306.3M546.6M646.7M654.1M412.1M
Non Currrent Assets Other29.7M2.6M22.3M40.0M25.3M23.4M
Non Current Liabilities Total33.0M66.0M43.3M38.4M25.9M40.4M
Total Liab348.1M457.6M528.1M449.9M446.5M397.4M
Intangible Assets139.0M149.7M119.4M100.9M127.8M120.8M
Net Invested Capital1.7B2.3B2.9B2.9B3.1B2.5B
Net Working Capital1.5B2.0B2.3B2.3B2.4B2.1B

Currently Active Assets on Macroaxis

Other Information on Investing in Fuzhou Stock

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