Cangzhou Non Current Assets Total vs Retained Earnings Analysis

002108 Stock   3.94  0.06  1.50%   
Cangzhou Mingzhu financial indicator trend analysis is way more than just evaluating Cangzhou Mingzhu Plastic prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cangzhou Mingzhu Plastic is a good investment. Please check the relationship between Cangzhou Mingzhu Non Current Assets Total and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cangzhou Mingzhu Plastic. 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.

Non Current Assets Total vs Retained Earnings

Non Current Assets Total vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cangzhou Mingzhu Plastic Non Current Assets Total account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Cangzhou Mingzhu's Non Current Assets Total and Retained Earnings is 0.85. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Cangzhou Mingzhu Plastic, assuming nothing else is changed. The correlation between historical values of Cangzhou Mingzhu's Non Current Assets Total and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Cangzhou Mingzhu Plastic are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Non Current Assets Total i.e., Cangzhou Mingzhu's Non Current Assets Total and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Cangzhou Mingzhu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cangzhou Mingzhu Plastic 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 Cangzhou Mingzhu Plastic. 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.
The current year's Selling General Administrative is expected to grow to about 113.5 M. The current year's Tax Provision is expected to grow to about 67 M
 2021 2022 2023 2024 (projected)
Operating Income392.4M287.0M195.5M267.2M
Total Revenue2.9B2.8B2.6B2.2B

Cangzhou Mingzhu fundamental ratios Correlations

0.080.670.990.950.960.960.750.760.450.740.760.950.950.930.980.860.910.820.880.90.90.50.740.5-0.86
0.080.280.060.140.150.08-0.23-0.090.150.180.440.140.130.190.09-0.040.140.010.08-0.140.06-0.24-0.1-0.07-0.11
0.670.280.610.750.730.710.290.150.540.860.610.770.730.70.660.430.680.50.760.540.680.270.210.78-0.74
0.990.060.610.930.960.950.770.760.470.710.760.910.940.940.970.850.920.80.850.910.880.490.730.43-0.85
0.950.140.750.930.960.920.570.60.410.760.820.940.980.90.970.770.930.810.970.840.910.380.640.66-0.93
0.960.150.730.960.960.960.60.560.550.810.830.880.980.960.950.760.960.730.880.880.850.370.540.57-0.92
0.960.080.710.950.920.960.730.650.430.770.730.910.920.90.930.870.90.830.840.870.870.580.640.51-0.87
0.75-0.230.290.770.570.60.730.810.150.450.220.670.530.550.660.820.60.70.50.830.660.790.780.08-0.48
0.76-0.090.150.760.60.560.650.810.00.230.420.710.570.560.740.840.560.760.550.650.710.610.960.04-0.43
0.450.150.540.470.410.550.430.150.00.610.50.340.530.70.380.030.48-0.060.280.420.2-0.25-0.150.3-0.43
0.740.180.860.710.760.810.770.450.230.610.60.720.780.780.680.490.780.430.710.750.660.330.230.63-0.76
0.760.440.610.760.820.830.730.220.420.50.60.740.860.870.80.560.770.520.740.530.640.00.40.54-0.7
0.950.140.770.910.940.880.910.670.710.340.720.740.90.840.950.830.820.850.920.780.90.50.750.64-0.8
0.950.130.730.940.980.980.920.530.570.530.780.860.90.960.950.720.930.730.920.830.870.30.580.62-0.93
0.930.190.70.940.90.960.90.550.560.70.780.870.840.960.90.670.890.610.790.810.750.230.490.51-0.83
0.980.090.660.970.970.950.930.660.740.380.680.80.950.950.90.850.910.840.930.840.910.440.750.57-0.87
0.86-0.040.430.850.770.760.870.820.840.030.490.560.830.720.670.850.760.920.720.780.830.790.850.32-0.66
0.910.140.680.920.930.960.90.60.560.480.780.770.820.930.890.910.760.720.850.90.90.430.560.49-0.93
0.820.010.50.80.810.730.830.70.76-0.060.430.520.850.730.610.840.920.720.820.690.880.720.840.42-0.74
0.880.080.760.850.970.880.840.50.550.280.710.740.920.920.790.930.720.850.820.750.910.370.650.75-0.9
0.9-0.140.540.910.840.880.870.830.650.420.750.530.780.830.810.840.780.90.690.750.810.570.630.39-0.8
0.90.060.680.880.910.850.870.660.710.20.660.640.90.870.750.910.830.90.880.910.810.610.770.51-0.89
0.5-0.240.270.490.380.370.580.790.61-0.250.330.00.50.30.230.440.790.430.720.370.570.610.660.07-0.37
0.74-0.10.210.730.640.540.640.780.96-0.150.230.40.750.580.490.750.850.560.840.650.630.770.660.17-0.48
0.5-0.070.780.430.660.570.510.080.040.30.630.540.640.620.510.570.320.490.420.750.390.510.070.17-0.58
-0.86-0.11-0.74-0.85-0.93-0.92-0.87-0.48-0.43-0.43-0.76-0.7-0.8-0.93-0.83-0.87-0.66-0.93-0.74-0.9-0.8-0.89-0.37-0.48-0.58
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Cangzhou Mingzhu Account Relationship Matchups

Cangzhou Mingzhu fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.8B4.9B5.5B7.0B7.1B7.5B
Other Current Liab40.8M124.8M67.3M2.9M92.4M54.4M
Total Current Liabilities1.2B1.1B1.4B1.0B1.1B694.8M
Total Stockholder Equity3.3B3.5B3.7B5.1B5.1B5.4B
Other Liab183.2M185.4M200.2M202.0M232.3M243.9M
Retained Earnings1.7B1.9B2.1B2.0B2.0B2.1B
Accounts Payable265.5M275.0M411.9M395.9M372.9M391.5M
Cash201.6M229.8M514.1M1.4B801.0M841.1M
Long Term Debt55.1M64.7M70.1M542.8M655.9M688.7M
Net Receivables1.3B987.6M832.9M935.4M830.2M707.8M
Inventory278.9M431.9M480.5M447.6M331.8M253.3M
Other Current Assets106.3M130.6M124.7M38.6M157.0M164.9M
Total Liab1.4B1.4B1.7B1.8B2.0B2.1B
Property Plant Equipment1.5B1.5B1.4B1.5B1.7B1.8B
Intangible Assets233.7M226.8M254.2M288.2M360.0M378.0M
Other Assets56.9M79.3M91.3M420.2M483.2M507.4M
Net Tangible Assets3.0B3.0B3.2B3.4B4.0B3.1B
Deferred Long Term Liab2.4M10.4M8.7M16.1M18.5M19.4M
Total Current Assets1.9B2.1B2.3B3.1B2.4B2.4B
Non Current Assets Total2.8B2.8B3.3B3.9B4.7B3.2B
Non Currrent Assets Other21.2M35.2M344.6M432.3M315.3M180.7M
Non Current Liabilities Total240.5M264.9M287.7M784.0M900.7M945.8M
Short Long Term Debt722.1M481.3M815.4M448.3M386.7M579.2M
Net Invested Capital4.0B4.0B4.6B6.1B6.2B5.1B
Net Working Capital783.5M995.9M848.0M2.1B1.3B1.3B
Net Debt575.5M316.2M371.4M241.6M217.4M368.1M

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Other Information on Investing in Cangzhou Stock

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