Tongling Change To Netincome vs Capital Expenditures Analysis

000630 Stock

3.26 0.06 1.87%

Tongling Nonferrous financial indicator trend analysis is much more than just breaking down Tongling Nonferrous prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tongling Nonferrous is a good investment. Please check the relationship between Tongling Nonferrous Change To Netincome and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tongling Nonferrous Metals. 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 Capital Expenditures

Change To Netincome vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tongling Nonferrous Change To Netincome account and Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Tongling Nonferrous' Change To Netincome and Capital Expenditures is -0.1. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Tongling Nonferrous Metals, assuming nothing else is changed. The correlation between historical values of Tongling Nonferrous' Change To Netincome and Capital Expenditures 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 Tongling Nonferrous Metals are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Netincome i.e., Tongling Nonferrous' Change To Netincome and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.1

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Change To Netincome

Capital Expenditures

Capital Expenditures are funds used by Tongling Nonferrous to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Tongling Nonferrous operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Tongling Nonferrous' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tongling Nonferrous 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 Tongling Nonferrous Metals. 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.

The current year's Tax Provision is expected to grow to about 1.9 B, whereas Selling General Administrative is forecasted to decline to about 592.6 M.

	2022	2023	2024	2025 (projected)
Operating Income	5.2B	6.6B	7.6B	7.9B
Total Revenue	121.8B	137.5B	158.1B	166.0B

Operating Income Total Revenue

Tongling Nonferrous fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		-0.17	0.56	0.98	0.94	0.56	0.95	0.49	0.9	0.08	0.91	-0.16	0.96	0.42	0.7	0.54	0.34	-0.56	0.77	0.41	-0.34	-0.53	0.51	0.76	0.55	0.71
Other Current Liab	-0.17		0.36	-0.14	-0.2	0.45	-0.17	0.46	-0.49	0.22	0.04	0.75	-0.1	0.66	0.29	0.4	0.52	-0.36	-0.03	-0.05	0.06	0.05	0.25	-0.21	0.28	-0.49
Total Current Liabilities	0.56	0.36		0.45	0.42	0.83	0.47	0.61	0.3	0.61	0.6	0.47	0.71	0.59	0.46	0.96	0.39	-0.44	0.38	0.1	0.08	-0.13	0.39	0.33	0.4	0.27
Total Stockholder Equity	0.98	-0.14	0.45		0.94	0.52	0.96	0.51	0.87	-0.05	0.9	-0.2	0.88	0.46	0.76	0.44	0.39	-0.62	0.85	0.47	-0.38	-0.54	0.58	0.82	0.63	0.73
Retained Earnings	0.94	-0.2	0.42	0.94		0.5	0.9	0.33	0.88	-0.12	0.92	-0.12	0.86	0.27	0.54	0.36	0.16	-0.38	0.81	0.47	-0.47	-0.54	0.35	0.83	0.4	0.69
Accounts Payable	0.56	0.45	0.83	0.52	0.5		0.46	0.66	0.31	0.19	0.73	0.48	0.64	0.68	0.59	0.83	0.53	-0.54	0.54	0.14	-0.28	-0.09	0.45	0.43	0.49	0.24
Cash	0.95	-0.17	0.47	0.96	0.9	0.46		0.41	0.86	0.06	0.83	-0.21	0.88	0.44	0.71	0.45	0.27	-0.59	0.79	0.38	-0.31	-0.4	0.53	0.79	0.54	0.69
Other Assets	0.49	0.46	0.61	0.51	0.33	0.66	0.41		0.24	0.14	0.52	0.27	0.49	0.85	0.78	0.73	0.91	-0.77	0.55	0.5	-0.14	-0.38	0.73	0.4	0.74	0.34
Long Term Debt	0.9	-0.49	0.3	0.87	0.88	0.31	0.86	0.24		-0.09	0.75	-0.37	0.84	0.14	0.45	0.3	0.11	-0.32	0.63	0.44	-0.52	-0.44	0.2	0.71	0.22	0.78
Net Receivables	0.08	0.22	0.61	-0.05	-0.12	0.19	0.06	0.14	-0.09		-0.06	0.36	0.29	0.2	0.07	0.58	0.02	-0.11	-0.27	-0.25	0.6	0.11	0.13	-0.29	0.09	-0.2
Inventory	0.91	0.04	0.6	0.9	0.92	0.73	0.83	0.52	0.75	-0.06		0.06	0.88	0.44	0.64	0.56	0.38	-0.5	0.78	0.35	-0.41	-0.54	0.49	0.75	0.53	0.56
Other Current Assets	-0.16	0.75	0.47	-0.2	-0.12	0.48	-0.21	0.27	-0.37	0.36	0.06		-0.01	0.35	0.0	0.44	0.17	-0.06	-0.14	0.12	-0.01	0.13	-0.05	-0.27	-0.03	-0.55
Total Liab	0.96	-0.1	0.71	0.88	0.86	0.64	0.88	0.49	0.84	0.29	0.88	-0.01		0.43	0.63	0.69	0.32	-0.51	0.61	0.29	-0.25	-0.45	0.44	0.61	0.47	0.6
Intangible Assets	0.42	0.66	0.59	0.46	0.27	0.68	0.44	0.85	0.14	0.2	0.44	0.35	0.43		0.8	0.69	0.86	-0.83	0.51	0.3	-0.18	-0.17	0.64	0.35	0.67	0.21
Common Stock	0.7	0.29	0.46	0.76	0.54	0.59	0.71	0.78	0.45	0.07	0.64	0.0	0.63	0.8		0.55	0.75	-0.97	0.69	0.34	-0.16	-0.36	0.82	0.54	0.85	0.42
Property Plant Equipment	0.54	0.4	0.96	0.44	0.36	0.83	0.45	0.73	0.3	0.58	0.56	0.44	0.69	0.69	0.55		0.55	-0.54	0.36	0.17	-0.01	-0.09	0.46	0.28	0.45	0.27
Other Liab	0.34	0.52	0.39	0.39	0.16	0.53	0.27	0.91	0.11	0.02	0.38	0.17	0.32	0.86	0.75	0.55		-0.74	0.4	0.35	-0.17	-0.36	0.71	0.23	0.71	0.21
Good Will	-0.56	-0.36	-0.44	-0.62	-0.38	-0.54	-0.59	-0.77	-0.32	-0.11	-0.5	-0.06	-0.51	-0.83	-0.97	-0.54	-0.74		-0.6	-0.29	0.12	0.26	-0.74	-0.45	-0.77	-0.34
Net Tangible Assets	0.77	-0.03	0.38	0.85	0.81	0.54	0.79	0.55	0.63	-0.27	0.78	-0.14	0.61	0.51	0.69	0.36	0.4	-0.6		0.56	-0.4	-0.44	0.57	0.96	0.62	0.77
Other Stockholder Equity	0.41	-0.05	0.1	0.47	0.47	0.14	0.38	0.5	0.44	-0.25	0.35	0.12	0.29	0.3	0.34	0.17	0.35	-0.29	0.56		-0.49	-0.44	0.23	0.51	0.25	0.45
Deferred Long Term Liab	-0.34	0.06	0.08	-0.38	-0.47	-0.28	-0.31	-0.14	-0.52	0.6	-0.41	-0.01	-0.25	-0.18	-0.16	-0.01	-0.17	0.12	-0.4	-0.49		0.07	0.2	-0.4	0.15	-0.32
Long Term Investments	-0.53	0.05	-0.13	-0.54	-0.54	-0.09	-0.4	-0.38	-0.44	0.11	-0.54	0.13	-0.45	-0.17	-0.36	-0.09	-0.36	0.26	-0.44	-0.44	0.07		-0.32	-0.45	-0.36	-0.4
Short Long Term Debt	0.51	0.25	0.39	0.58	0.35	0.45	0.53	0.73	0.2	0.13	0.49	-0.05	0.44	0.64	0.82	0.46	0.71	-0.74	0.57	0.23	0.2	-0.32		0.41	0.98	0.31
Total Current Assets	0.76	-0.21	0.33	0.82	0.83	0.43	0.79	0.4	0.71	-0.29	0.75	-0.27	0.61	0.35	0.54	0.28	0.23	-0.45	0.96	0.51	-0.4	-0.45	0.41		0.45	0.85
Short Term Debt	0.55	0.28	0.4	0.63	0.4	0.49	0.54	0.74	0.22	0.09	0.53	-0.03	0.47	0.67	0.85	0.45	0.71	-0.77	0.62	0.25	0.15	-0.36	0.98	0.45		0.35
Non Current Assets Total	0.71	-0.49	0.27	0.73	0.69	0.24	0.69	0.34	0.78	-0.2	0.56	-0.55	0.6	0.21	0.42	0.27	0.21	-0.34	0.77	0.45	-0.32	-0.4	0.31	0.85	0.35

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Tongling Nonferrous Account Relationship Matchups

Tongling Nonferrous fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	52.2B	50.8B	61.4B	78.2B	90.0B	94.5B
Other Current Liab	1.8B	2.1B	1.8B	54.1M	62.3M	59.1M
Total Current Liabilities	24.5B	23.0B	24.2B	24.0B	27.6B	16.8B
Total Stockholder Equity	18.9B	21.7B	25.4B	31.8B	36.6B	38.4B
Retained Earnings	5.6B	8.3B	10.0B	11.2B	12.9B	13.5B
Accounts Payable	10.1B	9.2B	9.0B	7.4B	8.5B	5.6B
Cash	6.1B	5.7B	10.3B	11.2B	12.9B	13.5B
Other Assets	618.3M	558.2M	453.5M	493.3M	567.3M	304.9M
Long Term Debt	5.0B	3.5B	6.1B	12.1B	13.9B	14.6B
Net Receivables	1.5B	1.9B	2.0B	1.9B	2.2B	2.1B
Inventory	15.5B	13.7B	17.3B	15.8B	18.2B	19.1B
Other Current Assets	3.5B	7.3B	6.8B	1.1B	1.2B	1.2B
Total Liab	31.5B	27.4B	31.5B	38.7B	44.6B	46.8B
Intangible Assets	2.5B	2.2B	2.2B	1.7B	2.0B	1.0B
Property Plant Equipment	20.4B	20.6B	16.9B	18.9B	21.7B	13.7B
Other Liab	2.1B	2.0B	949.7M	988.6M	1.1B	796.2M
Net Tangible Assets	15.9B	16.4B	19.5B	23.2B	26.6B	18.3B
Other Stockholder Equity	158.7M	12.6M	148.3M	170.5M	196.1M	126.8M
Short Long Term Debt	9.8B	7.1B	11.2B	9.7B	11.1B	11.3B
Total Current Assets	27.8B	29.2B	38.8B	41.2B	47.4B	31.1B
Non Current Assets Total	24.4B	21.6B	22.6B	37.0B	42.6B	27.2B
Non Currrent Assets Other	100.6M	93.3M	65.2M	1.1B	1.3B	1.4B
Non Current Liabilities Total	7.0B	4.5B	7.3B	14.7B	16.9B	17.8B
Non Current Liabilities Other	120.3M	89.6M	204.3M	1.1B	978.6M	611.4M
Net Debt	8.7B	5.0B	7.0B	10.6B	9.5B	7.1B
Net Invested Capital	33.7B	32.3B	42.7B	53.5B	61.6B	41.4B
Net Working Capital	3.3B	6.2B	14.6B	17.2B	19.8B	20.8B
Property Plant And Equipment Net	20.6B	16.9B	18.9B	31.9B	36.7B	23.9B
Property Plant And Equipment Gross	35.4B	32.8B	18.9B	54.6B	62.8B	38.6B

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

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Tongling Change To Netincome vs Capital Expenditures Analysis

Change To Netincome vs Capital Expenditures

Change To Netincome vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Change To Netincome

Capital Expenditures

Tongling Nonferrous fundamental ratios Correlations

Tongling Nonferrous Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tongling Nonferrous fundamental ratios Accounts

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Other Information on Investing in Tongling Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 0.98	Total Assets
Short Term Debt	+ 0.98	Short Long Term Debt
Total Liab	+ 0.96	Total Assets
Property Plant Equipment	+ 0.96	Total Current Liabilities
Cash	+ 0.96	Total Stockholder Equity
Total Current Assets	+ 0.96	Net Tangible Assets

Good Will	- 0.97	Common Stock
Good Will	- 0.83	Intangible Assets
Short Term Debt	- 0.77	Good Will
Good Will	- 0.77	Other Assets
Short Long Term Debt	- 0.74	Good Will
Good Will	- 0.74	Other Liab