Henan Minority Interest vs Gross Profit Analysis

000933 Stock   16.45  0.16  0.98%   
Henan Shenhuo financial indicator trend analysis is much more than just examining Henan Shenhuo Coal latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Henan Shenhuo Coal is a good investment. Please check the relationship between Henan Shenhuo Minority Interest and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Henan Shenhuo Coal. 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.

Minority Interest vs Gross Profit

Minority Interest vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Henan Shenhuo Coal Minority Interest account and Gross Profit. At this time, the significance of the direction appears to have strong contrarian relationship.
Minority InterestGross ProfitDiversified AwayMinority InterestGross ProfitDiversified Away100%
The correlation between Henan Shenhuo's Minority Interest and Gross Profit is -0.68. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Henan Shenhuo Coal, assuming nothing else is changed. The correlation between historical values of Henan Shenhuo's Minority Interest and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of Henan Shenhuo Coal are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Minority Interest i.e., Henan Shenhuo's Minority Interest and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.68
Relationship DirectionNegative 
Relationship StrengthWeak

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Henan Shenhuo Coal whose combined shares represent less than 50% of the total outstanding shares issued by Henan Shenhuo have a minority interest in Henan Shenhuo.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Henan Shenhuo Coal minus its cost of goods sold. It is profit before Henan Shenhuo operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Henan Shenhuo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Henan Shenhuo Coal 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 Henan Shenhuo Coal. 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.
At present, Henan Shenhuo's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Discontinued Operations is expected to grow to about 511.7 M, whereas Tax Provision is forecasted to decline to about 1.1 B.
 2021 2022 2023 2024 (projected)
Gross Profit12.3B13.4B9.9B6.6B
Research Development145.4M183.8M429.0M450.5M

Henan Shenhuo fundamental ratios Correlations

0.780.480.790.630.750.180.510.470.810.840.650.810.270.530.540.510.80.960.780.80.430.610.70.560.44
0.780.280.890.180.850.440.820.380.570.920.50.530.340.710.660.530.920.720.950.85-0.020.280.750.290.61
0.480.280.320.470.25-0.450.150.030.390.30.220.410.220.110.56-0.030.30.560.350.250.440.470.380.430.1
0.790.890.320.090.820.370.630.720.60.910.580.540.410.550.690.60.980.760.910.83-0.130.290.80.180.45
0.630.180.470.090.13-0.35-0.11-0.170.690.270.50.77-0.17-0.03-0.05-0.030.070.660.240.330.970.660.050.78-0.1
0.750.850.250.820.130.570.80.540.340.940.190.30.610.850.70.680.890.60.720.9-0.070.120.910.160.75
0.180.44-0.450.37-0.350.570.630.26-0.150.46-0.09-0.20.290.590.260.520.45-0.030.280.44-0.49-0.420.53-0.110.56
0.510.820.150.63-0.110.80.630.230.060.69-0.040.030.530.870.710.460.730.340.650.61-0.27-0.10.770.080.86
0.470.380.030.72-0.170.540.260.230.290.550.310.230.450.330.440.570.70.440.40.47-0.330.160.57-0.220.28
0.810.570.390.60.690.34-0.150.060.290.580.940.99-0.160.060.160.250.540.910.70.570.550.760.250.58-0.05
0.840.920.30.910.270.940.460.690.550.580.480.540.410.690.640.660.940.750.870.960.050.30.840.30.55
0.650.50.220.580.50.19-0.09-0.040.310.940.480.91-0.29-0.110.070.170.480.780.680.480.380.640.120.49-0.22
0.810.530.410.540.770.3-0.20.030.230.990.540.91-0.190.050.130.210.470.910.650.530.640.80.210.63-0.06
0.270.340.220.41-0.170.610.290.530.45-0.160.41-0.29-0.190.580.540.10.480.160.210.48-0.26-0.170.59-0.040.58
0.530.710.110.55-0.030.850.590.870.330.060.69-0.110.050.580.70.530.690.370.470.62-0.180.070.770.010.97
0.540.660.560.69-0.050.70.260.710.440.160.640.070.130.540.70.30.750.490.590.53-0.170.090.750.00.7
0.510.53-0.030.6-0.030.680.520.460.570.250.660.170.210.10.530.30.630.350.430.49-0.210.10.7-0.130.47
0.80.920.30.980.070.890.450.730.70.540.940.480.470.480.690.750.630.730.890.85-0.160.260.850.160.59
0.960.720.560.760.660.6-0.030.340.440.910.750.780.910.160.370.490.350.730.780.720.490.730.540.570.28
0.780.950.350.910.240.720.280.650.40.70.870.680.650.210.470.590.430.890.780.810.050.350.640.370.35
0.80.850.250.830.330.90.440.610.470.570.960.480.530.480.620.530.490.850.720.810.130.260.740.40.46
0.43-0.020.44-0.130.97-0.07-0.49-0.27-0.330.550.050.380.64-0.26-0.18-0.17-0.21-0.160.490.050.130.6-0.160.73-0.23
0.610.280.470.290.660.12-0.42-0.10.160.760.30.640.8-0.170.070.090.10.260.730.350.260.60.140.57-0.02
0.70.750.380.80.050.910.530.770.570.250.840.120.210.590.770.750.70.850.540.640.74-0.160.140.190.71
0.560.290.430.180.780.16-0.110.08-0.220.580.30.490.63-0.040.010.0-0.130.160.570.370.40.730.570.19-0.08
0.440.610.10.45-0.10.750.560.860.28-0.050.55-0.22-0.060.580.970.70.470.590.280.350.46-0.23-0.020.71-0.08
Click cells to compare fundamentals

Henan Shenhuo Account Relationship Matchups

Henan Shenhuo fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets49.4B60.6B53.5B60.5B58.6B61.6B
Short Long Term Debt Total24.2B27.2B26.3B27.1B25.4B13.9B
Other Current Liab315.7M30.4M74.8M4.8B3.2B3.3B
Total Current Liabilities36.3B40.3B33.1B34.7B27.0B17.8B
Total Stockholder Equity7.8B7.0B9.4B16.0B19.8B20.8B
Property Plant And Equipment Net21.4B26.4B24.0B22.8B24.0B14.5B
Current Deferred Revenue2.2B3.2B5.2B238.8M432.0M410.4M
Net Debt13.9B13.0B15.8B9.2B13.3B9.1B
Accounts Payable11.8B15.9B6.6B5.9B3.0B4.8B
Cash10.3B14.2B10.5B17.9B12.0B12.6B
Non Current Assets Total33.6B40.6B37.7B36.8B39.2B20.1B
Non Currrent Assets Other2.5B3.4B2.9B4.0B2.1B2.2B
Cash And Short Term Investments10.3B14.2B10.5B17.9B14.0B14.7B
Net Receivables2.7B2.6B1.8B2.2B1.9B2.0B
Liabilities And Stockholders Equity49.4B60.6B53.5B60.5B58.6B61.6B
Non Current Liabilities Total4.3B7.9B6.1B4.6B7.0B4.8B
Inventory2.1B2.1B2.8B3.1B3.1B2.0B
Other Current Assets699.7M1.3B752.6M385.4M507.0M292.5M
Total Liab40.6B48.2B39.2B39.3B34.1B22.2B
Total Current Assets15.8B20.1B15.8B23.6B19.5B20.4B
Short Term Debt22.0B21.2B21.2B23.8B20.4B10.3B
Retained Earnings2.5B547.7M3.5B9.5B13.2B13.9B
Other Assets3.2B1.06.4B4.8B5.6B5.8B
Other Stockholder Equity2.0B2.7B2.1B2.1B2.1B1.7B
Other Liab751.5M810.3M954.6M1.4B1.6B1.6B
Long Term Debt3.5B6.0B4.9B3.2B4.9B5.0B
Short Term Investments(1.3B)(1.4B)(1.2B)9.0M2.0B2.1B
Intangible Assets4.9B4.6B4.8B5.2B5.4B3.4B
Property Plant Equipment23.4B26.4B24.0B22.8B26.2B16.7B
Net Tangible Assets(400.2M)2.3B4.6B10.8B12.4B13.1B
Deferred Long Term Liab829.4M1.0B1.2B13.9M15.9M15.1M
Short Long Term Debt18.5B17.2B18.4B21.9B14.7B18.0B
Non Current Liabilities Other448.0M571.4M549.2M921.8M1.1B1.3B
Net Invested Capital28.5B30.2B32.6B41.2B39.5B35.1B
Net Working Capital(20.5B)(20.2B)(17.3B)(11.0B)(7.6B)(8.0B)

Also Currently Popular

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 Henan Stock

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

Trending Assets

601811
Xinhua Winshare Publ
16.01  -0.05  -0.31 
601928
Jiangsu Phoenix Publ
11.32  -0.06  -0.53 
688589
Leaguer Shenzhen Mic
30.69  1.45  4.96 
002049
Unigroup Guoxin Micr
68.99  1.79  2.66 
601900
Southern PublishingMedia
15.05  0.12  0.80 
603999
Duzhe Publishing Media
6.32  0.13  2.10 
603936
Bomin Electronics
9.19  0.43  4.91 
601999
Northern United Publ
6.64  -0.14  -2.06 
News Freq…Investor S…