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 DirectionNegative 
Relationship StrengthInsignificant

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

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.