Tieling Inventory vs Common Stock Analysis

000809 Stock   2.68  0.02  0.74%   
Tieling Newcity financial indicator trend analysis is much more than just breaking down Tieling Newcity Inve prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tieling Newcity Inve is a good investment. Please check the relationship between Tieling Newcity Inventory and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tieling Newcity 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.

Inventory vs Common Stock

Inventory vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tieling Newcity Inve Inventory account and Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Tieling Newcity's Inventory and Common Stock is 0.69. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Common Stock in the same time period over historical financial statements of Tieling Newcity Investment, assuming nothing else is changed. The correlation between historical values of Tieling Newcity's Inventory and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Tieling Newcity Investment are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Inventory i.e., Tieling Newcity's Inventory and Common Stock go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Inventory

Common Stock

Most indicators from Tieling Newcity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tieling Newcity Inve 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 Tieling Newcity 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 2, 2024, Selling General Administrative is expected to decline to about 12.3 M. The current year's Tax Provision is expected to grow to about (661.4 K)
 2021 2022 2023 2024 (projected)
Total Operating Expenses107.1M170.9M63.2M60.0M
Cost Of Revenue81.3M141.7M26.1M24.8M

Tieling Newcity fundamental ratios Correlations

0.94-0.110.870.670.330.320.790.890.92-0.390.540.14-0.440.26-0.060.350.17-0.05-0.23-0.260.30.09-0.020.290.26
0.94-0.030.910.780.280.260.620.840.74-0.580.56-0.01-0.510.26-0.160.120.12-0.16-0.1-0.10.19-0.070.160.190.23
-0.11-0.030.090.220.23-0.24-0.2-0.43-0.14-0.26-0.560.640.150.230.650.060.460.660.430.030.150.56-0.51-0.040.31
0.870.910.090.640.440.20.580.680.73-0.540.510.17-0.580.05-0.030.130.06-0.05-0.04-0.170.17-0.04-0.020.16-0.02
0.670.780.220.640.34-0.110.310.630.44-0.730.37-0.03-0.570.19-0.050.00.01-0.010.00.07-0.060.080.09-0.150.27
0.330.280.230.440.34-0.440.30.150.29-0.10.160.44-0.43-0.340.38-0.09-0.120.340.150.13-0.30.36-0.35-0.38-0.15
0.320.26-0.240.2-0.11-0.440.130.20.35-0.140.24-0.15-0.020.15-0.380.520.18-0.24-0.39-0.270.63-0.360.360.950.03
0.790.62-0.20.580.310.30.130.740.890.090.240.34-0.070.360.250.280.340.2-0.18-0.280.270.38-0.370.20.36
0.890.84-0.430.680.630.150.20.740.8-0.340.69-0.2-0.470.2-0.310.16-0.06-0.36-0.33-0.180.1-0.120.190.080.17
0.920.74-0.140.730.440.290.350.890.8-0.140.390.33-0.240.290.110.560.280.11-0.28-0.470.440.27-0.270.390.27
-0.39-0.58-0.26-0.54-0.73-0.1-0.140.09-0.34-0.14-0.460.290.680.080.320.130.20.340.14-0.120.080.32-0.32-0.010.12
0.540.56-0.560.510.370.160.240.240.690.39-0.46-0.58-0.78-0.43-0.74-0.12-0.65-0.75-0.510.04-0.28-0.660.59-0.02-0.49
0.14-0.010.640.17-0.030.44-0.150.34-0.20.330.29-0.580.340.290.890.460.660.910.35-0.360.40.87-0.870.140.38
-0.44-0.510.15-0.58-0.57-0.43-0.02-0.07-0.47-0.240.68-0.780.340.630.470.20.660.460.35-0.230.430.46-0.40.170.58
0.260.260.230.050.19-0.340.150.360.20.290.08-0.430.290.630.380.30.850.380.32-0.310.630.47-0.290.310.92
-0.06-0.160.65-0.03-0.050.38-0.380.25-0.310.110.32-0.740.890.470.380.210.70.910.53-0.10.30.92-0.9-0.080.48
0.350.120.060.130.0-0.090.520.280.160.560.13-0.120.460.20.30.210.410.3-0.18-0.70.770.36-0.340.650.28
0.170.120.460.060.01-0.120.180.34-0.060.280.2-0.650.660.660.850.70.410.690.44-0.330.730.68-0.570.440.81
-0.05-0.160.66-0.05-0.010.34-0.240.2-0.360.110.34-0.750.910.460.380.910.30.690.48-0.190.310.88-0.80.060.5
-0.23-0.10.43-0.040.00.15-0.39-0.18-0.33-0.280.14-0.510.350.350.320.53-0.180.440.48-0.010.220.34-0.28-0.240.3
-0.26-0.10.03-0.170.070.13-0.27-0.28-0.18-0.47-0.120.04-0.36-0.23-0.31-0.1-0.7-0.33-0.19-0.01-0.54-0.220.36-0.35-0.12
0.30.190.150.17-0.06-0.30.630.270.10.440.08-0.280.40.430.630.30.770.730.310.22-0.540.3-0.260.780.52
0.09-0.070.56-0.040.080.36-0.360.38-0.120.270.32-0.660.870.460.470.920.360.680.880.34-0.220.3-0.88-0.070.63
-0.020.16-0.51-0.020.09-0.350.36-0.370.19-0.27-0.320.59-0.87-0.4-0.29-0.9-0.34-0.57-0.8-0.280.36-0.26-0.880.1-0.31
0.290.19-0.040.16-0.15-0.380.950.20.080.39-0.01-0.020.140.170.31-0.080.650.440.06-0.24-0.350.78-0.070.10.22
0.260.230.31-0.020.27-0.150.030.360.170.270.12-0.490.380.580.920.480.280.810.50.3-0.120.520.63-0.310.22
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Tieling Newcity Account Relationship Matchups

Tieling Newcity fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.6B4.6B4.4B4.3B4.6B3.2B
Total Stockholder Equity3.1B3.1B2.9B2.9B2.8B1.9B
Other Liab37.1M35.5M33.9M32.2M29.0M27.6M
Retained Earnings2.3B2.2B2.1B1.8B1.7B2.1B
Accounts Payable281.0M277.1M293.1M317.1M337.4M187.7M
Cash15.3M123.8M67.6M46.0M254.1M266.9M
Other Assets1.3B1.2B90.7M65.1M74.9M71.1M
Long Term Debt485M395.8M684.1M645.2M281.2M267.1M
Inventory4.1B4.1B4.1B4.0B4.0B2.4B
Total Liab2.5B1.5B1.5B1.4B1.2B1.4B
Intangible Assets26.2M25.5M24.9M24.6M24.0M29.4M
Property Plant Equipment200.1M188.0M174.0M116.1M133.5M186.9M
Other Current Liab24.3M27.4M28.0M18.2M19.0M26.2M
Total Current Liabilities2.0B1.1B775.7M750.7M927.2M992.9M
Net Tangible Assets3.2B3.1B3.0B2.9B2.6B2.4B
Net Receivables113.1M15.3M13.5M21.0M19.6M18.6M
Other Current Assets2.8M9.5M9.4M6.6K1.9M1.8M
Deferred Long Term Liab182.1K167.8K153.6K213.7K245.8K193.8K
Short Long Term Debt765M360M348.7M40.1M40.0M38.0M
Total Current Assets4.3B4.3B4.2B4.1B4.4B3.8B
Non Current Assets Total1.4B297.0M212.7M185.8M200.4M190.4M
Non Currrent Assets Other20.3M20.1M20.5M20.3M20.0M16.3M
Non Current Liabilities Total520.5M429.6M716.4M675.8M318.0M302.1M
Net Debt1.2B632.0M965.3M639.3M67.1M63.7M
Net Invested Capital4.4B3.8B3.9B3.6B3.1B3.3B
Net Working Capital2.3B3.2B3.4B3.4B3.5B2.6B

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Other Information on Investing in Tieling Stock

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