Zhongrun Change To Inventory vs Investments Analysis

000506 Stock   3.03  0.04  1.30%   
Zhongrun Resources financial indicator trend analysis is more than just analyzing Zhongrun Resources current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhongrun Resources is a good investment. Please check the relationship between Zhongrun Resources Change To Inventory and its Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhongrun Resources Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Change To Inventory vs Investments

Change To Inventory vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhongrun Resources Change To Inventory account and Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Zhongrun Resources' Change To Inventory and Investments is -0.22. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Investments in the same time period over historical financial statements of Zhongrun Resources Investment, assuming nothing else is changed. The correlation between historical values of Zhongrun Resources' Change To Inventory and Investments 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 Inventory of Zhongrun Resources Investment are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Change To Inventory i.e., Zhongrun Resources' Change To Inventory and Investments go up and down completely randomly.

Correlation Coefficient

-0.22
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Most indicators from Zhongrun Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhongrun Resources 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 Zhongrun Resources Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of December 10, 2024, Selling General Administrative is expected to decline to about 32.1 M. The current year's Tax Provision is expected to grow to about (548.4 K)

Zhongrun Resources fundamental ratios Correlations

0.930.930.710.850.650.00.430.940.720.94-0.020.18-0.67-0.450.650.050.670.50.09-0.46-0.250.5-0.48-0.30.47
0.930.930.570.890.67-0.130.370.990.780.93-0.27-0.02-0.79-0.220.65-0.210.720.55-0.07-0.63-0.420.64-0.66-0.450.63
0.930.930.450.810.620.10.180.930.850.99-0.120.06-0.67-0.370.42-0.150.770.32-0.05-0.38-0.250.39-0.42-0.320.34
0.710.570.450.660.58-0.380.840.60.170.460.010.32-0.43-0.460.890.170.060.710.34-0.56-0.050.63-0.48-0.430.56
0.850.890.810.660.62-0.210.430.910.70.8-0.30.1-0.68-0.280.69-0.160.50.58-0.05-0.55-0.350.63-0.65-0.480.58
0.650.670.620.580.62-0.320.470.650.560.59-0.360.07-0.4-0.160.63-0.230.240.540.39-0.59-0.160.65-0.43-0.460.56
0.0-0.130.1-0.38-0.21-0.32-0.63-0.150.050.140.380.340.28-0.45-0.650.30.38-0.74-0.180.79-0.06-0.810.570.76-0.54
0.430.370.180.840.430.47-0.630.38-0.110.19-0.240.18-0.29-0.20.860.01-0.120.70.42-0.620.120.7-0.41-0.60.51
0.940.990.930.60.910.65-0.150.380.770.93-0.25-0.02-0.79-0.230.67-0.150.710.58-0.04-0.63-0.370.64-0.65-0.460.6
0.720.780.850.170.70.560.05-0.110.770.83-0.17-0.1-0.53-0.110.25-0.120.670.28-0.11-0.34-0.250.33-0.37-0.240.32
0.940.930.990.460.80.590.140.190.930.83-0.120.02-0.69-0.340.44-0.10.830.35-0.02-0.37-0.260.38-0.42-0.290.37
-0.02-0.27-0.120.01-0.3-0.360.38-0.24-0.25-0.17-0.120.150.11-0.21-0.240.46-0.04-0.23-0.120.41-0.07-0.420.220.65-0.34
0.18-0.020.060.320.10.070.340.18-0.02-0.10.020.150.51-0.89-0.050.56-0.25-0.330.140.330.26-0.330.460.33-0.33
-0.67-0.79-0.67-0.43-0.68-0.40.28-0.29-0.79-0.53-0.690.110.51-0.21-0.620.41-0.67-0.650.270.690.56-0.680.870.53-0.71
-0.45-0.22-0.37-0.46-0.28-0.16-0.45-0.2-0.23-0.11-0.34-0.21-0.89-0.21-0.04-0.46-0.050.26-0.09-0.29-0.210.29-0.33-0.20.28
0.650.650.420.890.690.63-0.650.860.670.250.44-0.24-0.05-0.62-0.04-0.070.130.930.31-0.83-0.190.9-0.74-0.640.81
0.05-0.21-0.150.17-0.16-0.230.30.01-0.15-0.12-0.10.460.560.41-0.46-0.07-0.11-0.130.120.320.37-0.370.410.5-0.35
0.670.720.770.060.50.240.38-0.120.710.670.83-0.04-0.25-0.67-0.050.13-0.110.13-0.25-0.15-0.410.13-0.33-0.020.26
0.50.550.320.710.580.54-0.740.70.580.280.35-0.23-0.33-0.650.260.93-0.130.130.31-0.85-0.210.93-0.79-0.640.85
0.09-0.07-0.050.34-0.050.39-0.180.42-0.04-0.11-0.02-0.120.140.27-0.090.310.12-0.250.31-0.040.480.210.25-0.090.13
-0.46-0.63-0.38-0.56-0.55-0.590.79-0.62-0.63-0.34-0.370.410.330.69-0.29-0.830.32-0.15-0.85-0.040.28-0.940.820.77-0.81
-0.25-0.42-0.25-0.05-0.35-0.16-0.060.12-0.37-0.25-0.26-0.070.260.56-0.21-0.190.37-0.41-0.210.480.28-0.270.66-0.11-0.56
0.50.640.390.630.630.65-0.810.70.640.330.38-0.42-0.33-0.680.290.9-0.370.130.930.21-0.94-0.27-0.83-0.770.86
-0.48-0.66-0.42-0.48-0.65-0.430.57-0.41-0.65-0.37-0.420.220.460.87-0.33-0.740.41-0.33-0.790.250.820.66-0.830.59-0.85
-0.3-0.45-0.32-0.43-0.48-0.460.76-0.6-0.46-0.24-0.290.650.330.53-0.2-0.640.5-0.02-0.64-0.090.77-0.11-0.770.59-0.53
0.470.630.340.560.580.56-0.540.510.60.320.37-0.34-0.33-0.710.280.81-0.350.260.850.13-0.81-0.560.86-0.85-0.53
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Zhongrun Resources Account Relationship Matchups

Zhongrun Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6B2.3B1.7B1.7B2.3B2.6B
Other Current Liab445.7M673.3M538.7M143.3M164.8M156.5M
Total Current Liabilities1.1B1.7B1.3B915.7M907.0M1.5B
Total Stockholder Equity1.0B534.7M374.6M642.3M696.8M896.7M
Accounts Payable157.6M134.1M149.1M124.1M70.5M67.0M
Cash101.1M124.6M10.2M7.8M5.2M5.0M
Other Assets738.8M706.0M674.9M658.4M757.2M795.1M
Net Receivables477.8M2.0M50.3M17.8M20.4M19.4M
Inventory393.4M577.7M180.5M188.2M83.3M79.1M
Other Current Assets41.3M79.9M132.0M37.6M19.6M18.6M
Total Liab1.5B1.7B1.3B1.0B997.6M1.7B
Intangible Assets209.2M149.3M68.4M62.0M1.4B1.4B
Property Plant Equipment591.4M554.6M525.9M561.3M645.4M359.2M
Retained Earnings57.5M(435.4M)(564.5M)(311.5M)(365.9M)(347.6M)
Other Liab85.0M26.1M30.2M119.2M137.1M71.3M
Net Tangible Assets838.6M385.4M306.2M580.4M522.3M593.1M
Other Stockholder Equity10.1M(10.3M)(41.2M)(26.5M)(23.9M)(22.7M)
Short Long Term Debt116.0M100.9M92.2M280.3M85.2M158.4M
Total Current Assets1.0B865.2M372.9M386.2M229.4M217.9M
Non Current Assets Total1.6B1.5B1.3B1.3B2.1B1.5B
Non Currrent Assets Other2.2M27.3M9.9M8.2M4.2M3.9M
Non Current Liabilities Total455.0M26.1M33.5M129.9M90.6M110.8M
Non Current Liabilities Other200.3M21.9M26.2M115.4M79.2M66.1M
Net Debt345.1M264.9M82.0M272.5M80.0M76.0M
Net Invested Capital1.4B635.5M466.8M922.6M782.0M809.8M
Net Working Capital(59.4M)(858.2M)(880.0M)(529.5M)(677.6M)(643.7M)

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Other Information on Investing in Zhongrun Stock

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