UTime Non Current Liabilities Total vs Total Current Assets Analysis

WTO Stock

0.32 0 0.63%

UTime financial indicator trend analysis is much more than just breaking down UTime Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether UTime Limited is a good investment. Please check the relationship between UTime Non Current Liabilities Total and its Total Current Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in UTime Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Non Current Liabilities Total vs Total Current Assets

Non Current Liabilities Total vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of UTime Limited Non Current Liabilities Total account and Total Current Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between UTime's Non Current Liabilities Total and Total Current Assets is 0.47. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of UTime Limited, assuming nothing else is changed. The correlation between historical values of UTime's Non Current Liabilities Total and Total 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 Non Current Liabilities Total of UTime Limited are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Non Current Liabilities Total i.e., UTime's Non Current Liabilities Total and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Non Current Liabilities Total

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from UTime's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into UTime Limited 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in UTime Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, UTime's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Issuance Of Capital Stock is likely to grow to about 367.5 M, while Tax Provision is likely to drop (161.6 K).

	2021	2022	2023	2024 (projected)
Gross Profit	13.8M	30.1M	8.9M	14.4M
Total Revenue	275.5M	200.5M	172.2M	174.1M

Gross Profit Total Revenue

UTime fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets
Total Assets		0.91	0.91	0.83	0.84	0.46	0.8	-0.77	-0.88	0.74	0.81	0.79	-0.73	0.65	0.56	-0.68	0.51	0.78	-0.83	0.85	0.88	0.89	0.85	0.87	0.83	0.87
Other Current Liab	0.91		0.9	0.78	0.8	0.3	0.66	-0.71	-0.87	0.62	0.83	0.66	-0.87	0.88	0.56	-0.76	0.44	0.76	-0.68	0.82	0.88	0.88	0.81	0.78	0.92	0.84
Total Current Liabilities	0.91	0.9		0.73	0.93	0.41	0.91	-0.81	-0.97	0.89	0.92	0.91	-0.88	0.74	0.84	-0.52	0.7	0.86	-0.85	0.77	0.88	1.0	0.78	0.96	0.97	0.83
Total Stockholder Equity	0.83	0.78	0.73		0.84	0.39	0.64	-0.73	-0.83	0.55	0.62	0.64	-0.64	0.56	0.4	-0.89	0.34	0.61	-0.71	0.99	0.95	0.7	1.0	0.7	0.65	0.98
Other Liab	0.84	0.8	0.93	0.84		0.33	0.9	-0.77	-0.98	0.88	0.8	0.9	-0.78	0.58	0.82	-0.6	0.62	0.73	-0.9	0.87	0.93	0.92	0.87	0.93	0.86	0.91
Net Tangible Assets	0.46	0.3	0.41	0.39	0.33		0.55	-0.83	-0.46	0.48	0.67	0.56	-0.49	0.34	0.35	-0.09	0.77	0.79	-0.15	0.34	0.44	0.46	0.41	0.55	0.36	0.42
Property Plant And Equipment Net	0.8	0.66	0.91	0.64	0.9	0.55		-0.83	-0.91	0.99	0.87	1.0	-0.73	0.46	0.9	-0.27	0.84	0.84	-0.85	0.66	0.77	0.93	0.68	0.99	0.82	0.74
Net Debt	-0.77	-0.71	-0.81	-0.73	-0.77	-0.83	-0.83		0.87	-0.77	-0.93	-0.84	0.85	-0.68	-0.69	0.45	-0.86	-0.96	0.54	-0.72	-0.83	-0.84	-0.77	-0.87	-0.78	-0.8
Retained Earnings	-0.88	-0.87	-0.97	-0.83	-0.98	-0.46	-0.91	0.87		-0.88	-0.91	-0.91	0.89	-0.72	-0.83	0.6	-0.71	-0.85	0.83	-0.86	-0.95	-0.97	-0.87	-0.96	-0.93	-0.92
Accounts Payable	0.74	0.62	0.89	0.55	0.88	0.48	0.99	-0.77	-0.88		0.84	0.99	-0.7	0.42	0.94	-0.18	0.84	0.79	-0.85	0.58	0.7	0.91	0.6	0.97	0.8	0.67
Cash	0.81	0.83	0.92	0.62	0.8	0.67	0.87	-0.93	-0.91	0.84		0.88	-0.94	0.8	0.81	-0.39	0.87	0.98	-0.61	0.65	0.8	0.95	0.68	0.93	0.93	0.74
Non Current Assets Total	0.79	0.66	0.91	0.64	0.9	0.56	1.0	-0.84	-0.91	0.99	0.88		-0.74	0.47	0.9	-0.27	0.85	0.84	-0.84	0.66	0.77	0.93	0.68	0.99	0.82	0.74
Other Assets	-0.73	-0.87	-0.88	-0.64	-0.78	-0.49	-0.73	0.85	0.89	-0.7	-0.94	-0.74		-0.93	-0.76	0.52	-0.74	-0.9	0.52	-0.68	-0.83	-0.9	-0.7	-0.82	-0.96	-0.75
Long Term Debt	0.65	0.88	0.74	0.56	0.58	0.34	0.46	-0.68	-0.72	0.42	0.8	0.47	-0.93		0.5	-0.62	0.48	0.76	-0.31	0.6	0.73	0.73	0.61	0.6	0.86	0.65
Net Receivables	0.56	0.56	0.84	0.4	0.82	0.35	0.9	-0.69	-0.83	0.94	0.81	0.9	-0.76	0.5		-0.08	0.85	0.74	-0.7	0.45	0.62	0.87	0.47	0.89	0.83	0.55
Common Stock Shares Outstanding	-0.68	-0.76	-0.52	-0.89	-0.6	-0.09	-0.27	0.45	0.6	-0.18	-0.39	-0.27	0.52	-0.62	-0.08		0.03	-0.35	0.47	-0.89	-0.81	-0.47	-0.87	-0.38	-0.52	-0.84
Non Current Liabilities Total	0.51	0.44	0.7	0.34	0.62	0.77	0.84	-0.86	-0.71	0.84	0.87	0.85	-0.74	0.48	0.85	0.03		0.89	-0.44	0.34	0.53	0.76	0.4	0.82	0.69	0.47
Capital Lease Obligations	0.78	0.76	0.86	0.61	0.73	0.79	0.84	-0.96	-0.85	0.79	0.98	0.84	-0.9	0.76	0.74	-0.35	0.89		-0.53	0.61	0.77	0.89	0.66	0.89	0.86	0.71
Inventory	-0.83	-0.68	-0.85	-0.71	-0.9	-0.15	-0.85	0.54	0.83	-0.85	-0.61	-0.84	0.52	-0.31	-0.7	0.47	-0.44	-0.53		-0.75	-0.76	-0.82	-0.73	-0.85	-0.71	-0.77
Other Current Assets	0.85	0.82	0.77	0.99	0.87	0.34	0.66	-0.72	-0.86	0.58	0.65	0.66	-0.68	0.6	0.45	-0.89	0.34	0.61	-0.75		0.97	0.74	1.0	0.72	0.71	0.99
Other Stockholder Equity	0.88	0.88	0.88	0.95	0.93	0.44	0.77	-0.83	-0.95	0.7	0.8	0.77	-0.83	0.73	0.62	-0.81	0.53	0.77	-0.76	0.97		0.86	0.98	0.84	0.84	0.99
Total Liab	0.89	0.88	1.0	0.7	0.92	0.46	0.93	-0.84	-0.97	0.91	0.95	0.93	-0.9	0.73	0.87	-0.47	0.76	0.89	-0.82	0.74	0.86		0.76	0.98	0.97	0.81
Net Invested Capital	0.85	0.81	0.78	1.0	0.87	0.41	0.68	-0.77	-0.87	0.6	0.68	0.68	-0.7	0.61	0.47	-0.87	0.4	0.66	-0.73	1.0	0.98	0.76		0.75	0.71	0.99
Property Plant And Equipment Gross	0.87	0.78	0.96	0.7	0.93	0.55	0.99	-0.87	-0.96	0.97	0.93	0.99	-0.82	0.6	0.89	-0.38	0.82	0.89	-0.85	0.72	0.84	0.98	0.75		0.89	0.8
Short Long Term Debt	0.83	0.92	0.97	0.65	0.86	0.36	0.82	-0.78	-0.93	0.8	0.93	0.82	-0.96	0.86	0.83	-0.52	0.69	0.86	-0.71	0.71	0.84	0.97	0.71	0.89		0.77
Total Current Assets	0.87	0.84	0.83	0.98	0.91	0.42	0.74	-0.8	-0.92	0.67	0.74	0.74	-0.75	0.65	0.55	-0.84	0.47	0.71	-0.77	0.99	0.99	0.81	0.99	0.8	0.77

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UTime Account Relationship Matchups

Pair Trading with UTime

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if UTime position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in UTime will appreciate offsetting losses from the drop in the long position's value.

Moving against UTime Stock

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0.72	KTB	Kontoor Brands	Pair Corr
0.69	MPX	Marine Products Fiscal Year End 23rd of January 2025	Pair Corr

The ability to find closely correlated positions to UTime could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UTime when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back UTime - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling UTime Limited to buy it.

The correlation of UTime is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as UTime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UTime Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for UTime can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether UTime Limited offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of UTime's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Utime Limited Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Utime Limited Stock:

How To Invest In UTime

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Is UTime Stock a good investment?

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What is UTime's Net Worth?

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Largest Consumer Electronics Companies

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Largest Consumer Durables & Apparel Companies

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in UTime Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Is Consumer Electronics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of UTime. If investors know UTime will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about UTime listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(6.99)

Revenue Per Share

260.043

Quarterly Revenue Growth

0.263

Return On Assets

(0.04)

Return On Equity

(0.17)

The market value of UTime Limited is measured differently than its book value, which is the value of UTime that is recorded on the company's balance sheet. Investors also form their own opinion of UTime's value that differs from its market value or its book value, called intrinsic value, which is UTime's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because UTime's market value can be influenced by many factors that don't directly affect UTime's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between UTime's value and its price as these two are different measures arrived at by different means. Investors typically determine if UTime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UTime's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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UTime Non Current Liabilities Total vs Total Current Assets Analysis

Non Current Liabilities Total vs Total Current Assets

Non Current Liabilities Total vs Total Current Assets Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Total Current Assets

UTime fundamental ratios Correlations

UTime Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with UTime

Moving against UTime Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Net Invested Capital	+ 1.0	Other Current Assets
Other Current Assets	+ 0.99	Total Stockholder Equity
Accounts Payable	+ 0.99	Property Plant And Equipment Net

Retained Earnings	- 0.98	Other Liab
Total Liab	- 0.97	Retained Earnings
Retained Earnings	- 0.97	Total Current Liabilities
Short Long Term Debt	- 0.96	Other Assets
Property Plant And Equipment Gross	- 0.96	Retained Earnings
Capital Lease Obligations	- 0.96	Net Debt