UTime Accounts Payable vs Net Invested Capital Analysis
| WTO Stock | 0.47 0.02 4.08% |
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 Accounts Payable and its Net Invested Capital 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.
Accounts Payable vs Net Invested Capital
Accounts Payable vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of UTime Limited Accounts Payable account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between UTime's Accounts Payable and Net Invested Capital is 0.6. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Invested Capital 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 Accounts Payable and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of UTime Limited are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Accounts Payable i.e., UTime's Accounts Payable and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.6 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents UTime obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of UTime Limited are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.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 28th of September 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 |
UTime fundamental ratios Correlations
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UTime Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
| 0.63 | DOGZ | Dogness International | PairCorr |
| 0.56 | RL | Ralph Lauren Corp | PairCorr |
| 0.53 | AS | Amer Sports, | PairCorr |
| 0.51 | CRI | Carters | PairCorr |
| 0.48 | GIL | Gildan Activewear | PairCorr |
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.Additional Information and Resources on Investing in UTime Stock
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: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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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 (7.22) | 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.