Meiwu Net Tangible Assets vs Common Stock Shares Outstanding Analysis

WNW Stock

USD 1.03 0.01 0.98%

Meiwu Technology financial indicator trend analysis is infinitely more than just investigating Meiwu Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Meiwu Technology is a good investment. Please check the relationship between Meiwu Technology Net Tangible Assets and its Common Stock Shares Outstanding accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Meiwu Technology Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Net Tangible Assets vs Common Stock Shares Outstanding

Net Tangible Assets vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Meiwu Technology Net Tangible Assets account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Meiwu Technology's Net Tangible Assets and Common Stock Shares Outstanding is 0.85. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Meiwu Technology Co, assuming nothing else is changed. The correlation between historical values of Meiwu Technology's Net Tangible Assets and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Meiwu Technology Co are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Tangible Assets i.e., Meiwu Technology's Net Tangible Assets and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Meiwu Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Meiwu Technology 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 Meiwu Technology Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to climb to about 255 K in 2024, whereas Selling General Administrative is likely to drop slightly above 1.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.8M	895.7K	1.0M	1.8M
Total Revenue	12.3M	11.0M	12.6M	9.9M

Gross Profit Total Revenue

Meiwu Technology fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets
Total Assets		0.98	0.89	0.99	-0.82	-0.92	0.91	0.91	0.83	0.86	0.98	0.93	0.93	0.84	0.93	0.99	-0.89	0.53	0.91	0.75	-0.83	-0.12	0.81	-0.9	0.9	0.36
Other Current Liab	0.98		0.86	0.96	-0.75	-0.96	0.89	0.89	0.91	0.87	0.98	0.9	0.87	0.92	0.86	0.95	-0.85	0.45	0.91	0.85	-0.91	-0.06	0.89	-0.86	0.9	0.28
Total Current Liabilities	0.89	0.86		0.83	-0.57	-0.75	0.66	0.66	0.62	0.83	0.79	0.98	0.94	0.68	0.94	0.85	-0.72	0.79	0.98	0.53	-0.67	0.04	0.58	-0.69	0.99	0.66
Total Stockholder Equity	0.99	0.96	0.83		-0.87	-0.92	0.95	0.95	0.83	0.84	0.98	0.89	0.92	0.82	0.91	1.0	-0.92	0.45	0.87	0.75	-0.82	-0.2	0.82	-0.93	0.85	0.28
Net Debt	-0.82	-0.75	-0.57	-0.87		0.79	-0.95	-0.95	-0.66	-0.78	-0.84	-0.7	-0.8	-0.56	-0.76	-0.88	0.96	-0.19	-0.61	-0.56	0.65	0.18	-0.63	0.97	-0.59	0.02
Retained Earnings	-0.92	-0.96	-0.75	-0.92	0.79		-0.92	-0.92	-0.96	-0.89	-0.97	-0.84	-0.8	-0.93	-0.76	-0.89	0.89	-0.24	-0.84	-0.91	0.97	0.03	-0.94	0.89	-0.81	-0.04
Cash	0.91	0.89	0.66	0.95	-0.95	-0.92		1.0	0.84	0.85	0.95	0.78	0.82	0.77	0.79	0.94	-0.96	0.2	0.72	0.76	-0.82	-0.13	0.82	-0.99	0.7	-0.01
Cash And Short Term Investments	0.91	0.89	0.66	0.95	-0.95	-0.92	1.0		0.84	0.85	0.95	0.78	0.82	0.77	0.79	0.94	-0.96	0.2	0.72	0.76	-0.82	-0.13	0.82	-0.99	0.7	-0.01
Net Receivables	0.83	0.91	0.62	0.83	-0.66	-0.96	0.84	0.84		0.78	0.92	0.7	0.64	0.98	0.6	0.79	-0.76	0.08	0.73	0.98	-0.98	-0.03	0.99	-0.78	0.7	-0.09
Common Stock Shares Outstanding	0.86	0.87	0.83	0.84	-0.78	-0.89	0.85	0.85	0.78		0.86	0.91	0.86	0.74	0.82	0.85	-0.91	0.41	0.85	0.67	-0.81	0.2	0.72	-0.88	0.86	0.16
Other Stockholder Equity	0.98	0.98	0.79	0.98	-0.84	-0.97	0.95	0.95	0.92	0.86		0.87	0.86	0.91	0.84	0.96	-0.9	0.34	0.86	0.86	-0.91	-0.13	0.91	-0.92	0.83	0.16
Total Liab	0.93	0.9	0.98	0.89	-0.7	-0.84	0.78	0.78	0.7	0.91	0.87		0.97	0.73	0.97	0.91	-0.84	0.67	0.98	0.61	-0.75	-0.01	0.66	-0.8	0.98	0.51
Total Current Assets	0.93	0.87	0.94	0.92	-0.8	-0.8	0.82	0.82	0.64	0.86	0.86	0.97		0.65	0.99	0.94	-0.88	0.66	0.93	0.54	-0.67	-0.13	0.61	-0.85	0.92	0.5
Short Long Term Debt Total	0.84	0.92	0.68	0.82	-0.56	-0.93	0.77	0.77	0.98	0.74	0.91	0.73	0.65		0.63	0.78	-0.69	0.18	0.79	0.98	-0.97	-0.04	0.98	-0.7	0.76	0.04
Other Liab	0.93	0.86	0.94	0.91	-0.76	-0.76	0.79	0.79	0.6	0.82	0.84	0.97	0.99	0.63		0.94	-0.84	0.71	0.93	0.5	-0.64	-0.15	0.57	-0.82	0.92	0.58
Net Tangible Assets	0.99	0.95	0.85	1.0	-0.88	-0.89	0.94	0.94	0.79	0.85	0.96	0.91	0.94	0.78	0.94		-0.92	0.5	0.87	0.7	-0.78	-0.18	0.77	-0.94	0.85	0.33
Property Plant And Equipment Net	-0.89	-0.85	-0.72	-0.92	0.96	0.89	-0.96	-0.96	-0.76	-0.91	-0.9	-0.84	-0.88	-0.69	-0.84	-0.92		-0.3	-0.77	-0.65	0.77	0.04	-0.72	0.99	-0.75	-0.07
Current Deferred Revenue	0.53	0.45	0.79	0.45	-0.19	-0.24	0.2	0.2	0.08	0.41	0.34	0.67	0.66	0.18	0.71	0.5	-0.3		0.66	-0.03	-0.13	0.15	0.03	-0.29	0.73	0.94
Accounts Payable	0.91	0.91	0.98	0.87	-0.61	-0.84	0.72	0.72	0.73	0.85	0.86	0.98	0.93	0.79	0.93	0.87	-0.77	0.66		0.66	-0.78	-0.05	0.71	-0.72	0.98	0.53
Non Current Assets Total	0.75	0.85	0.53	0.75	-0.56	-0.91	0.76	0.76	0.98	0.67	0.86	0.61	0.54	0.98	0.5	0.7	-0.65	-0.03	0.66		-0.96	-0.11	0.99	-0.67	0.61	-0.16
Non Currrent Assets Other	-0.83	-0.91	-0.67	-0.82	0.65	0.97	-0.82	-0.82	-0.98	-0.81	-0.91	-0.75	-0.67	-0.97	-0.64	-0.78	0.77	-0.13	-0.78	-0.96		0.0	-0.97	0.77	-0.75	0.05
Other Assets	-0.12	-0.06	0.04	-0.2	0.18	0.03	-0.13	-0.13	-0.03	0.2	-0.13	-0.01	-0.13	-0.04	-0.15	-0.18	0.04	0.15	-0.05	-0.11	0.0		-0.12	0.03	0.11	-0.06
Non Current Liabilities Total	0.81	0.89	0.58	0.82	-0.63	-0.94	0.82	0.82	0.99	0.72	0.91	0.66	0.61	0.98	0.57	0.77	-0.72	0.03	0.71	0.99	-0.97	-0.12		-0.74	0.66	-0.12
Capital Lease Obligations	-0.9	-0.86	-0.69	-0.93	0.97	0.89	-0.99	-0.99	-0.78	-0.88	-0.92	-0.8	-0.85	-0.7	-0.82	-0.94	0.99	-0.29	-0.72	-0.67	0.77	0.03	-0.74		-0.72	-0.05
Inventory	0.9	0.9	0.99	0.85	-0.59	-0.81	0.7	0.7	0.7	0.86	0.83	0.98	0.92	0.76	0.92	0.85	-0.75	0.73	0.98	0.61	-0.75	0.11	0.66	-0.72		0.57
Other Current Assets	0.36	0.28	0.66	0.28	0.02	-0.04	-0.01	-0.01	-0.09	0.16	0.16	0.51	0.5	0.04	0.58	0.33	-0.07	0.94	0.53	-0.16	0.05	-0.06	-0.12	-0.05	0.57

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Meiwu Technology Account Relationship Matchups

Meiwu Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.2M	37.5M	28.3M	38.0M	43.7M	45.9M
Other Current Liab	385.0K	1.7M	928.1K	2.2M	2.5M	2.6M
Total Current Liabilities	3.2M	13.0M	3.8M	8.3M	9.6M	5.4M
Total Stockholder Equity	(1.6M)	16.9M	17.6M	20.2M	23.2M	24.4M
Net Debt	1.3M	(4.2M)	(26.2M)	(17.4M)	(15.6M)	(14.8M)
Retained Earnings	(2.7M)	(4.9M)	(6.0M)	(17.1M)	(15.4M)	(14.6M)
Cash	546.3K	7.0M	26.6M	23.7M	27.3M	28.6M
Cash And Short Term Investments	618.1K	7.0M	26.7M	23.7M	27.3M	28.6M
Net Receivables	728.8K	439.9K	433.0K	4.4M	5.0M	5.3M
Common Stock Shares Outstanding	26.2M	25M	33.0M	44.4M	51.1M	26.4M
Other Stockholder Equity	1.0M	22.0M	23.4M	38.6M	44.4M	46.6M
Total Liab	4.9M	20.6M	10.7M	17.9M	20.6M	10.4M
Total Current Assets	1.6M	36.4M	28.0M	29.9M	34.4M	17.7M
Short Long Term Debt Total	1.9M	2.8M	480.2K	6.4M	7.3M	7.7M
Property Plant And Equipment Net	1.3M	1.1M	299.4K	411.0K	369.9K	717.6K
Current Deferred Revenue	1.5M	5.3M	1.2M	747.1K	859.2K	816.2K
Accounts Payable	1.2M	5.7M	1.7M	5.0M	5.7M	3.1M
Non Current Assets Total	1.3M	1.1M	299.4K	8.1M	9.3M	9.8M
Non Currrent Assets Other	(1.3M)	(1.1M)	(299.4K)	(7.7M)	(6.9M)	(6.6M)
Liabilities And Stockholders Equity	3.2M	37.5M	28.3M	38.0M	43.7M	23.9M
Non Current Liabilities Total	1.7M	2.0M	1.9M	9.6M	11.0M	11.6M
Capital Lease Obligations	991.2K	818.0K	19.1K	251.6K	226.5K	215.1K
Inventory	859.1K	2.3M	664.2K	1.7M	2.0M	1.2M
Other Current Assets	152.7K	26.6M	225.5K	70.7K	81.2K	77.2K
Net Invested Capital	(1.6M)	16.9M	19.5M	27.5M	31.6M	33.2M
Property Plant And Equipment Gross	1.3M	1.1M	595.3K	863.7K	777.3K	837.4K
Accumulated Other Comprehensive Income	57.2K	(148.5K)	253.7K	(1.3M)	(1.2M)	(1.1M)
Net Working Capital	(1.6M)	23.4M	24.2M	21.5M	24.8M	14.7M
Short Term Debt	225.1K	272.1K	66.1K	439.8K	505.7K	264.7K

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Meiwu Net Tangible Assets vs Common Stock Shares Outstanding Analysis

Net Tangible Assets vs Common Stock Shares Outstanding

Net Tangible Assets vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Common Stock Shares Outstanding

Meiwu Technology fundamental ratios Correlations

Meiwu Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Meiwu Technology fundamental ratios Accounts

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Net Tangible Assets	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Assets
Inventory	+ 0.99	Total Current Liabilities
Non Current Liabilities Total	+ 0.99	Net Receivables

Capital Lease Obligations	- 0.99	Cash And Short Term Investments
Capital Lease Obligations	- 0.99	Cash
Non Currrent Assets Other	- 0.98	Net Receivables
Non Current Liabilities Total	- 0.97	Non Currrent Assets Other
Non Currrent Assets Other	- 0.97	Short Long Term Debt Total
Other Stockholder Equity	- 0.97	Retained Earnings