Shan Change To Netincome vs Change To Account Receivables Analysis

000423 Stock   59.40  0.39  0.66%   
Shan Dong financial indicator trend analysis is much more than just breaking down Shan Dong Dong prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shan Dong Dong is a good investment. Please check the relationship between Shan Dong Change To Netincome and its Change To Account Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shan Dong Dong E. 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.

Change To Netincome vs Change To Account Receivables

Change To Netincome vs Change To Account Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shan Dong Dong Change To Netincome account and Change To Account Receivables. At this time, the significance of the direction appears to have weak relationship.
The correlation between Shan Dong's Change To Netincome and Change To Account Receivables is 0.37. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Change To Account Receivables in the same time period over historical financial statements of Shan Dong Dong E, assuming nothing else is changed. The correlation between historical values of Shan Dong's Change To Netincome and Change To Account Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Shan Dong Dong E are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Change To Netincome i.e., Shan Dong's Change To Netincome and Change To Account Receivables go up and down completely randomly.

Correlation Coefficient

0.37
Relationship DirectionPositive 
Relationship StrengthVery Weak

Change To Netincome

Change To Account Receivables

Most indicators from Shan Dong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shan Dong Dong 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 Shan Dong Dong E. 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.
As of December 18, 2024, Selling General Administrative is expected to decline to about 999.5 M. In addition to that, Tax Provision is expected to decline to about 160.3 M
 2021 2022 2023 2024 (projected)
Gross Profit2.4B2.8B3.3B2.6B
Research Development147.7M137.7M173.2M144.4M

Shan Dong fundamental ratios Correlations

0.210.761.00.890.660.340.570.760.72-0.490.770.860.660.840.810.190.440.80.270.540.70.760.59-0.60.4
0.21-0.010.2-0.040.25-0.240.36-0.040.240.28-0.020.140.35-0.050.150.1-0.26-0.240.170.05-0.14-0.16-0.12-0.14-0.22
0.76-0.010.730.850.640.640.350.80.54-0.491.00.580.520.790.590.340.540.820.360.470.530.880.54-0.230.3
1.00.20.730.90.640.320.580.730.73-0.510.730.880.650.850.830.160.450.790.240.550.720.740.62-0.640.42
0.89-0.040.850.90.580.520.480.750.68-0.650.860.850.530.960.750.180.630.890.170.580.750.840.79-0.610.49
0.660.250.640.640.58-0.050.660.530.86-0.310.60.580.340.510.55-0.02-0.110.50.750.80.210.540.44-0.18-0.21
0.34-0.240.640.320.52-0.05-0.230.37-0.2-0.320.680.170.380.560.230.560.870.6-0.29-0.20.540.610.35-0.250.68
0.570.360.350.580.480.66-0.230.280.75-0.290.320.640.190.390.6-0.23-0.220.420.250.730.40.410.59-0.37-0.17
0.76-0.040.80.730.750.530.370.280.53-0.360.810.530.520.640.510.190.470.660.510.370.360.730.28-0.230.38
0.720.240.540.730.680.86-0.20.750.53-0.410.510.740.340.610.66-0.16-0.110.480.570.910.270.460.53-0.32-0.18
-0.490.28-0.49-0.51-0.65-0.31-0.32-0.29-0.36-0.41-0.49-0.720.19-0.56-0.270.39-0.32-0.67-0.02-0.36-0.61-0.61-0.610.52-0.45
0.77-0.021.00.730.860.60.680.320.810.51-0.490.580.530.810.580.360.590.830.320.430.550.890.54-0.270.36
0.860.140.580.880.850.580.170.640.530.74-0.720.580.320.780.66-0.130.320.760.120.570.780.670.78-0.760.41
0.660.350.520.650.530.340.380.190.520.340.190.530.320.610.620.780.50.350.070.160.320.310.2-0.20.21
0.84-0.050.790.850.960.510.560.390.640.61-0.560.810.780.610.790.330.690.820.050.510.720.730.78-0.590.48
0.810.150.590.830.750.550.230.60.510.66-0.270.580.660.620.790.240.340.620.130.550.560.550.57-0.430.18
0.190.10.340.160.18-0.020.56-0.230.19-0.160.390.36-0.130.780.330.240.540.15-0.16-0.20.120.14-0.020.180.14
0.44-0.260.540.450.63-0.110.87-0.220.47-0.11-0.320.590.320.50.690.340.540.62-0.32-0.160.620.560.45-0.470.83
0.8-0.240.820.790.890.50.60.420.660.48-0.670.830.760.350.820.620.150.620.120.490.860.960.78-0.570.55
0.270.170.360.240.170.75-0.290.250.510.57-0.020.320.120.070.050.13-0.16-0.320.120.55-0.30.26-0.120.21-0.37
0.540.050.470.550.580.8-0.20.730.370.91-0.360.430.570.160.510.55-0.2-0.160.490.550.240.470.59-0.22-0.29
0.7-0.140.530.720.750.210.540.40.360.27-0.610.550.780.320.720.560.120.620.86-0.30.240.750.81-0.760.67
0.76-0.160.880.740.840.540.610.410.730.46-0.610.890.670.310.730.550.140.560.960.260.470.750.66-0.450.48
0.59-0.120.540.620.790.440.350.590.280.53-0.610.540.780.20.780.57-0.020.450.78-0.120.590.810.66-0.710.37
-0.6-0.14-0.23-0.64-0.61-0.18-0.25-0.37-0.23-0.320.52-0.27-0.76-0.2-0.59-0.430.18-0.47-0.570.21-0.22-0.76-0.45-0.71-0.69
0.4-0.220.30.420.49-0.210.68-0.170.38-0.18-0.450.360.410.210.480.180.140.830.55-0.37-0.290.670.480.37-0.69
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Shan Dong Account Relationship Matchups

Shan Dong fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.7B11.0B11.6B12.6B13.3B6.7B
Other Current Liab625.0M505.0M595.3M844.3M51.4M48.8M
Total Current Liabilities1.6B1.0B1.4B2.1B2.4B2.5B
Total Stockholder Equity10.0B9.7B10.0B10.3B10.7B5.5B
Retained Earnings8.8B8.7B8.9B8.8B9.2B9.7B
Accounts Payable609.0M191.6M258.3M238.1M275.1M225.6M
Cash1.9B1.5B3.2B5.4B5.8B6.1B
Net Receivables2.3B469.0M1.2B383.9M63.0M59.8M
Short Term Investments633.8M1.4B2.5B1.9B2.5B2.0B
Inventory3.5B2.5B1.6B1.2B1.0B1.2B
Other Current Assets85.0M74.1M20.5M57.6M19.6M18.6M
Total Liab1.6B1.2B1.6B2.3B2.6B2.7B
Intangible Assets433.1M442.0M409.0M332.1M322.5M181.5M
Property Plant Equipment2.3B2.3B2.1B2.0B2.3B2.5B
Other Assets401.5M465.9M294.5M318.0M365.7M232.6M
Other Liab75.0M57.1M131.3M151.9M174.7M183.4M
Net Tangible Assets9.6B9.3B9.6B10.0B11.5B10.1B
Other Stockholder Equity(258.0K)(197.5K)(402.6K)907.2K816.5K775.6K
Deferred Long Term Liab43.4M45.5M30.2M15.3M13.8M25.9M
Total Current Assets8.2B7.8B8.6B9.8B10.5B9.7B
Non Current Assets Total3.5B3.2B3.0B2.8B2.8B3.2B
Non Currrent Assets Other50.6M6.9M6.9M3.3M110.1M115.6M
Non Current Liabilities Total56.5M131.3M199.5M179.9M159.0M128.9M
Net Invested Capital10.0B9.7B10.0B10.3B10.7B11.3B
Net Working Capital6.6B6.7B7.2B7.7B8.1B8.1B

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Other Information on Investing in Shan Stock

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