Zhongrun Free Cash Flow vs Net Income 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 Free Cash Flow and its Net Income 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.
Free Cash Flow vs Net Income
Free Cash Flow vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhongrun Resources Free Cash Flow account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Zhongrun Resources' Free Cash Flow and Net Income is -0.35. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income 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' Free Cash Flow and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Zhongrun Resources Investment are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., Zhongrun Resources' Free Cash Flow and Net Income go up and down completely randomly.
Correlation Coefficient | -0.35 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Zhongrun Resources financial statement analysis. It represents the amount of money remaining after all of Zhongrun Resources Investment operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.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
Click cells to compare fundamentals
Zhongrun Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhongrun Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.6B | 2.3B | 1.7B | 1.7B | 2.3B | 2.6B | |
Other Current Liab | 445.7M | 673.3M | 538.7M | 143.3M | 164.8M | 156.5M | |
Total Current Liabilities | 1.1B | 1.7B | 1.3B | 915.7M | 907.0M | 1.5B | |
Total Stockholder Equity | 1.0B | 534.7M | 374.6M | 642.3M | 696.8M | 896.7M | |
Accounts Payable | 157.6M | 134.1M | 149.1M | 124.1M | 70.5M | 67.0M | |
Cash | 101.1M | 124.6M | 10.2M | 7.8M | 5.2M | 5.0M | |
Other Assets | 738.8M | 706.0M | 674.9M | 658.4M | 757.2M | 795.1M | |
Net Receivables | 477.8M | 2.0M | 50.3M | 17.8M | 20.4M | 19.4M | |
Inventory | 393.4M | 577.7M | 180.5M | 188.2M | 83.3M | 79.1M | |
Other Current Assets | 41.3M | 79.9M | 132.0M | 37.6M | 19.6M | 18.6M | |
Total Liab | 1.5B | 1.7B | 1.3B | 1.0B | 997.6M | 1.7B | |
Intangible Assets | 209.2M | 149.3M | 68.4M | 62.0M | 1.4B | 1.4B | |
Property Plant Equipment | 591.4M | 554.6M | 525.9M | 561.3M | 645.4M | 359.2M | |
Retained Earnings | 57.5M | (435.4M) | (564.5M) | (311.5M) | (365.9M) | (347.6M) | |
Other Liab | 85.0M | 26.1M | 30.2M | 119.2M | 137.1M | 71.3M | |
Net Tangible Assets | 838.6M | 385.4M | 306.2M | 580.4M | 522.3M | 593.1M | |
Other Stockholder Equity | 10.1M | (10.3M) | (41.2M) | (26.5M) | (23.9M) | (22.7M) | |
Short Long Term Debt | 116.0M | 100.9M | 92.2M | 280.3M | 85.2M | 158.4M | |
Total Current Assets | 1.0B | 865.2M | 372.9M | 386.2M | 229.4M | 217.9M | |
Non Current Assets Total | 1.6B | 1.5B | 1.3B | 1.3B | 2.1B | 1.5B | |
Non Currrent Assets Other | 2.2M | 27.3M | 9.9M | 8.2M | 4.2M | 3.9M | |
Non Current Liabilities Total | 455.0M | 26.1M | 33.5M | 129.9M | 90.6M | 110.8M | |
Non Current Liabilities Other | 200.3M | 21.9M | 26.2M | 115.4M | 79.2M | 66.1M | |
Net Debt | 345.1M | 264.9M | 82.0M | 272.5M | 80.0M | 76.0M | |
Net Invested Capital | 1.4B | 635.5M | 466.8M | 922.6M | 782.0M | 809.8M | |
Net Working Capital | (59.4M) | (858.2M) | (880.0M) | (529.5M) | (677.6M) | (643.7M) |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.