Shenzhen Net Receivables vs Total Current Assets Analysis

002429 Stock

5.28 0.23 4.17%

Shenzhen MTC financial indicator trend analysis is much more than just breaking down Shenzhen MTC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen MTC is a good investment. Please check the relationship between Shenzhen MTC Net Receivables and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen MTC Co. 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.

Net Receivables vs Total Current Assets

Net Receivables vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen MTC Net Receivables account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Shenzhen MTC's Net Receivables and Total Current Assets is 0.91. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Shenzhen MTC Co, assuming nothing else is changed. The correlation between historical values of Shenzhen MTC's Net Receivables and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Shenzhen MTC Co are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Receivables i.e., Shenzhen MTC's Net Receivables and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Shenzhen MTC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen MTC 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 Shenzhen MTC Co. 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 67.1 M, whereas Selling General Administrative is forecasted to decline to about 387 M.

	2022	2023	2024	2025 (projected)
Operating Income	1.6B	2.1B	2.5B	2.6B
Total Revenue	15.0B	17.2B	19.7B	12.0B

Operating Income Total Revenue

Shenzhen MTC fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Good Will	Treasury Stock	Net Tangible Assets	Long Term Debt	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total
Total Assets		0.28	0.91	0.98	0.77	0.86	0.97	0.75	0.27	0.94	0.97	0.34	0.98	0.92	0.95	0.86	-0.12	0.49	0.8	0.98	0.61	-0.47	0.86	-0.91	0.95	0.89
Other Current Liab	0.28		0.59	0.09	0.31	-0.01	0.37	0.11	0.27	0.44	0.2	0.74	0.44	0.46	0.34	0.03	-0.12	0.24	0.22	0.15	-0.17	0.28	0.36	-0.29	0.38	-0.06
Total Current Liabilities	0.91	0.59		0.81	0.71	0.73	0.93	0.67	0.24	0.9	0.86	0.62	0.97	0.94	0.89	0.75	-0.15	0.53	0.78	0.84	0.38	-0.28	0.89	-0.87	0.94	0.68
Total Stockholder Equity	0.98	0.09	0.81		0.72	0.88	0.93	0.71	0.24	0.88	0.96	0.18	0.91	0.86	0.9	0.87	-0.05	0.44	0.76	0.98	0.64	-0.54	0.79	-0.87	0.89	0.93
Other Liab	0.77	0.31	0.71	0.72		0.58	0.65	0.81	0.66	0.89	0.69	0.12	0.8	0.64	0.9	0.51	-0.3	0.56	0.72	0.73	0.86	-0.19	0.48	-0.75	0.76	0.6
Retained Earnings	0.86	-0.01	0.73	0.88	0.58		0.83	0.61	0.19	0.77	0.86	0.14	0.81	0.78	0.76	0.98	-0.12	0.35	0.71	0.9	0.56	-0.66	0.76	-0.87	0.85	0.9
Accounts Payable	0.97	0.37	0.93	0.93	0.65	0.83		0.7	0.16	0.88	0.95	0.51	0.96	0.94	0.88	0.85	-0.12	0.43	0.74	0.94	0.44	-0.42	0.94	-0.89	0.95	0.84
Cash	0.75	0.11	0.67	0.71	0.81	0.61	0.7		0.29	0.7	0.75	0.31	0.76	0.55	0.82	0.59	-0.58	0.28	0.52	0.73	0.77	-0.32	0.67	-0.67	0.78	0.66
Other Assets	0.27	0.27	0.24	0.24	0.66	0.19	0.16	0.29		0.51	0.11	-0.09	0.31	0.21	0.41	0.1	-0.16	0.22	0.26	0.23	0.63	0.15	-0.02	-0.42	0.24	0.22
Net Receivables	0.94	0.44	0.9	0.88	0.89	0.77	0.88	0.7	0.51		0.86	0.31	0.95	0.87	0.95	0.72	-0.09	0.62	0.84	0.89	0.66	-0.29	0.71	-0.9	0.91	0.75
Inventory	0.97	0.2	0.86	0.96	0.69	0.86	0.95	0.75	0.11	0.86		0.32	0.93	0.87	0.9	0.87	-0.18	0.42	0.74	0.96	0.56	-0.55	0.87	-0.83	0.92	0.89
Other Current Assets	0.34	0.74	0.62	0.18	0.12	0.14	0.51	0.31	-0.09	0.31	0.32		0.48	0.46	0.32	0.22	-0.27	0.11	0.18	0.22	-0.21	0.23	0.65	-0.34	0.48	0.06
Total Liab	0.98	0.44	0.97	0.91	0.8	0.81	0.96	0.76	0.31	0.95	0.93	0.48		0.94	0.96	0.81	-0.18	0.53	0.8	0.93	0.55	-0.37	0.88	-0.91	0.96	0.8
Intangible Assets	0.92	0.46	0.94	0.86	0.64	0.78	0.94	0.55	0.21	0.87	0.87	0.46	0.94		0.87	0.81	0.02	0.5	0.77	0.88	0.34	-0.4	0.87	-0.84	0.9	0.75
Common Stock	0.95	0.34	0.89	0.9	0.9	0.76	0.88	0.82	0.41	0.95	0.9	0.32	0.96	0.87		0.73	-0.19	0.58	0.81	0.9	0.72	-0.32	0.77	-0.86	0.92	0.76
Property Plant Equipment	0.86	0.03	0.75	0.87	0.51	0.98	0.85	0.59	0.1	0.72	0.87	0.22	0.81	0.81	0.73		-0.17	0.24	0.64	0.91	0.44	-0.7	0.83	-0.86	0.85	0.92
Short Term Investments	-0.12	-0.12	-0.15	-0.05	-0.3	-0.12	-0.12	-0.58	-0.16	-0.09	-0.18	-0.27	-0.18	0.02	-0.19	-0.17		0.4	0.21	-0.1	-0.31	0.28	-0.25	0.09	-0.21	-0.2
Good Will	0.49	0.24	0.53	0.44	0.56	0.35	0.43	0.28	0.22	0.62	0.42	0.11	0.53	0.5	0.58	0.24	0.4		0.89	0.41	0.4	0.17	0.27	-0.48	0.49	0.18
Treasury Stock	0.8	0.22	0.78	0.76	0.72	0.71	0.74	0.52	0.26	0.84	0.74	0.18	0.8	0.77	0.81	0.64	0.21	0.89		0.75	0.55	-0.18	0.6	-0.79	0.78	0.58
Net Tangible Assets	0.98	0.15	0.84	0.98	0.73	0.9	0.94	0.73	0.23	0.89	0.96	0.22	0.93	0.88	0.9	0.91	-0.1	0.41	0.75		0.61	-0.56	0.83	-0.92	0.93	0.94
Long Term Debt	0.61	-0.17	0.38	0.64	0.86	0.56	0.44	0.77	0.63	0.66	0.56	-0.21	0.55	0.34	0.72	0.44	-0.31	0.4	0.55	0.61		-0.23	0.27	-0.6	0.54	0.6
Other Stockholder Equity	-0.47	0.28	-0.28	-0.54	-0.19	-0.66	-0.42	-0.32	0.15	-0.29	-0.55	0.23	-0.37	-0.4	-0.32	-0.7	0.28	0.17	-0.18	-0.56	-0.23		-0.38	0.33	-0.39	-0.72
Deferred Long Term Liab	0.86	0.36	0.89	0.79	0.48	0.76	0.94	0.67	-0.02	0.71	0.87	0.65	0.88	0.87	0.77	0.83	-0.25	0.27	0.6	0.83	0.27	-0.38		-0.8	0.89	0.75
Long Term Investments	-0.91	-0.29	-0.87	-0.87	-0.75	-0.87	-0.89	-0.67	-0.42	-0.9	-0.83	-0.34	-0.91	-0.84	-0.86	-0.86	0.09	-0.48	-0.79	-0.92	-0.6	0.33	-0.8		-0.92	-0.82
Total Current Assets	0.95	0.38	0.94	0.89	0.76	0.85	0.95	0.78	0.24	0.91	0.92	0.48	0.96	0.9	0.92	0.85	-0.21	0.49	0.78	0.93	0.54	-0.39	0.89	-0.92		0.79
Non Current Assets Total	0.89	-0.06	0.68	0.93	0.6	0.9	0.84	0.66	0.22	0.75	0.89	0.06	0.8	0.75	0.76	0.92	-0.2	0.18	0.58	0.94	0.6	-0.72	0.75	-0.82	0.79

Click cells to compare fundamentals

Shenzhen MTC Account Relationship Matchups

Shenzhen MTC fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	26.6B	25.6B	25.6B	26.7B	30.7B	16.6B
Other Current Liab	665.3M	414.6M	9.8M	9.0M	10.3M	9.8M
Total Current Liabilities	13.6B	10.8B	9.3B	7.7B	8.8B	6.7B
Total Stockholder Equity	11.4B	12.5B	13.6B	14.8B	17.0B	8.5B
Other Liab	2.5B	1.0B	1.2B	1.3B	1.5B	767.9M
Retained Earnings	6.9B	7.2B	7.6B	8.8B	10.1B	10.6B
Accounts Payable	6.1B	4.6B	4.3B	4.9B	5.7B	2.9B
Cash	3.7B	2.3B	4.2B	4.1B	4.7B	2.9B
Other Assets	2.9B	365.0M	333.6M	526.7M	605.7M	498.9M
Net Receivables	5.4B	5.4B	4.1B	4.6B	5.3B	3.4B
Inventory	2.4B	2.5B	2.2B	2.7B	3.1B	1.7B
Other Current Assets	5.7B	871.0M	625.1M	556.3M	639.7M	607.7M
Total Liab	14.8B	12.6B	11.7B	11.5B	13.2B	7.9B
Intangible Assets	677.9M	581.1M	505.3M	419.0M	481.8M	301.3M
Property Plant Equipment	1.6B	4.2B	5.4B	6.4B	7.4B	7.8B
Short Term Investments	177.1M	879.9M	931.7M	203.9M	183.5M	174.3M
Good Will	654.0M	562.4M	490.6M	573.3M	516.0M	549.5M
Net Tangible Assets	7.6B	8.6B	10.2B	11.4B	13.1B	8.6B
Long Term Debt	0.0	517.6M	1.2B	1.6B	1.9B	981.4M
Other Stockholder Equity	46.2M	58.8M	(338.2K)	(25.5M)	(23.0M)	(21.8M)
Deferred Long Term Liab	8.7M	121.7M	111.7M	78.5M	90.3M	57.0M
Total Current Assets	19.6B	15.7B	14.7B	15.5B	17.8B	15.1B
Non Current Assets Total	6.9B	9.9B	11.0B	11.2B	12.9B	7.8B
Non Currrent Assets Other	135.6M	305.8M	400.5M	204.3M	183.9M	174.7M
Non Current Liabilities Total	1.2B	1.9B	2.4B	3.8B	4.4B	4.6B
Short Long Term Debt	5.1B	3.4B	3.4B	1.1B	971.7M	923.1M
Non Current Liabilities Other	3.9M	383.7K	7.4M	7.2M	6.4M	5.6M
Net Debt	554.3M	1.5B	1.6B	443.5M	510.0M	972.3M
Net Invested Capital	16.5B	16.4B	18.3B	17.5B	20.1B	16.9B
Net Working Capital	6.0B	4.9B	5.4B	7.8B	9.0B	6.5B
Property Plant And Equipment Net	5.4B	6.4B	7.5B	8.1B	9.3B	7.0B
Property Plant And Equipment Gross	6.1B	7.6B	9.2B	10.4B	11.9B	8.4B

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.

CRM	Salesforce
C	Citigroup
GM	General Motors

Other Information on Investing in Shenzhen Stock

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Shenzhen Net Receivables vs Total Current Assets Analysis

Net Receivables vs Total Current Assets

Net Receivables vs Total Current Assets Correlation Analysis

Correlation Coefficient

Net Receivables

Total Current Assets

Shenzhen MTC fundamental ratios Correlations

Shenzhen MTC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen MTC fundamental ratios Accounts

Also Currently Popular

Other Information on Investing in Shenzhen Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Net Tangible Assets	+ 0.98	Total Assets
Net Tangible Assets	+ 0.98	Total Stockholder Equity
Property Plant Equipment	+ 0.98	Retained Earnings
Accounts Payable	+ 0.97	Total Assets

Total Current Assets	- 0.92	Long Term Investments
Long Term Investments	- 0.92	Net Tangible Assets
Long Term Investments	- 0.91	Total Liab
Long Term Investments	- 0.91	Total Assets
Long Term Investments	- 0.9	Net Receivables
Long Term Investments	- 0.89	Accounts Payable