Shandong Long Term Investments vs Inventory Analysis

002595 Stock

43.87 0.03 0.07%

Shandong Himile financial indicator trend analysis is much more than just breaking down Shandong Himile Mech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Himile Mech is a good investment. Please check the relationship between Shandong Himile Long Term Investments and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Himile Mechanical. 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.

Long Term Investments vs Inventory

Long Term Investments vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Himile Mech Long Term Investments account and Inventory. At this time, the significance of the direction appears to have strong relationship.

The correlation between Shandong Himile's Long Term Investments and Inventory is 0.77. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Inventory in the same time period over historical financial statements of Shandong Himile Mechanical, assuming nothing else is changed. The correlation between historical values of Shandong Himile's Long Term Investments and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Shandong Himile Mechanical are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Long Term Investments i.e., Shandong Himile's Long Term Investments and Inventory go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

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Long Term Investments

Long Term Investments is an item on the asset side of Shandong Himile balance sheet that represents investments Shandong Himile Mech intends to hold for over a year. Shandong Himile Mechanical long term investments may include different instruments such as stocks, bonds, real estate and cash.

Inventory

Most indicators from Shandong Himile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Himile Mech 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 Shandong Himile Mechanical. 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.

As of December 12, 2024, Selling General Administrative is expected to decline to about 107.3 M. In addition to that, Tax Provision is expected to decline to about 162.8 M

	2021	2022	2023	2024 (projected)
Operating Income	1.2B	1.3B	1.8B	1.9B
Total Revenue	6.0B	6.6B	7.2B	7.5B

Operating Income Total Revenue

Shandong Himile 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	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		-0.37	0.73	0.99	0.99	0.85	0.43	0.07	0.7	0.8	0.98	0.73	0.77	0.79	0.7	0.83	0.98	-0.63	0.84	0.89	0.89	0.81	0.91	0.92	-0.79	0.89
Other Current Liab	-0.37		0.05	-0.42	-0.43	-0.2	-0.56	0.05	-0.48	-0.03	-0.42	-0.58	0.01	-0.03	-0.07	-0.06	-0.41	0.47	-0.35	-0.39	-0.45	-0.3	-0.41	-0.38	0.23	-0.44
Total Current Liabilities	0.73	0.05		0.66	0.68	0.89	0.01	0.18	0.38	0.89	0.65	0.24	1.0	0.84	0.76	0.88	0.71	-0.1	0.71	0.74	0.55	0.77	0.74	0.77	-0.7	0.67
Total Stockholder Equity	0.99	-0.42	0.66		0.99	0.81	0.47	0.05	0.71	0.75	0.98	0.77	0.7	0.76	0.67	0.79	0.98	-0.66	0.82	0.88	0.9	0.78	0.9	0.9	-0.77	0.89
Retained Earnings	0.99	-0.43	0.68	0.99		0.82	0.42	0.05	0.74	0.76	0.99	0.76	0.71	0.78	0.67	0.79	0.99	-0.67	0.83	0.9	0.91	0.8	0.91	0.92	-0.78	0.9
Accounts Payable	0.85	-0.2	0.89	0.81	0.82		0.11	0.05	0.58	0.92	0.83	0.47	0.92	0.91	0.79	0.95	0.85	-0.15	0.79	0.93	0.76	0.82	0.9	0.88	-0.84	0.86
Cash	0.43	-0.56	0.01	0.47	0.42	0.11		-0.26	0.4	0.05	0.41	0.66	0.04	-0.1	-0.12	0.07	0.4	-0.63	0.24	0.31	0.4	0.25	0.4	0.38	-0.18	0.44
Other Assets	0.07	0.05	0.18	0.05	0.05	0.05	-0.26		-0.35	0.14	-0.02	-0.26	0.15	0.29	0.5	0.19	-0.04	0.04	0.24	-0.1	-0.24	0.04	-0.15	-0.01	0.33	-0.19
Long Term Debt	0.7	-0.48	0.38	0.71	0.74	0.58	0.4	-0.35		0.54	0.81	0.75	0.44	0.47	0.23	0.42	0.78	-0.54	0.46	0.73	0.77	0.47	0.77	0.74	-0.64	0.8
Net Receivables	0.8	-0.03	0.89	0.75	0.76	0.92	0.05	0.14	0.54		0.78	0.31	0.91	0.9	0.83	0.93	0.79	-0.12	0.75	0.84	0.63	0.8	0.8	0.77	-0.8	0.74
Inventory	0.98	-0.42	0.65	0.98	0.99	0.83	0.41	-0.02	0.81	0.78		0.79	0.7	0.77	0.63	0.78	0.98	-0.62	0.79	0.91	0.91	0.77	0.92	0.92	-0.79	0.91
Other Current Assets	0.73	-0.58	0.24	0.77	0.76	0.47	0.66	-0.26	0.75	0.31	0.79		0.29	0.31	0.17	0.37	0.73	-0.74	0.48	0.64	0.75	0.47	0.72	0.69	-0.5	0.76
Total Liab	0.77	0.01	1.0	0.7	0.71	0.92	0.04	0.15	0.44	0.91	0.7	0.29		0.86	0.77	0.9	0.74	-0.13	0.72	0.79	0.6	0.79	0.79	0.81	-0.73	0.73
Intangible Assets	0.79	-0.03	0.84	0.76	0.78	0.91	-0.1	0.29	0.47	0.9	0.77	0.31	0.86		0.91	0.94	0.78	-0.16	0.72	0.82	0.64	0.75	0.78	0.77	-0.69	0.74
Common Stock	0.7	-0.07	0.76	0.67	0.67	0.79	-0.12	0.5	0.23	0.83	0.63	0.17	0.77	0.91		0.89	0.64	-0.1	0.69	0.68	0.47	0.7	0.63	0.59	-0.59	0.57
Property Plant Equipment	0.83	-0.06	0.88	0.79	0.79	0.95	0.07	0.19	0.42	0.93	0.78	0.37	0.9	0.94	0.89		0.8	-0.13	0.77	0.88	0.68	0.81	0.84	0.8	-0.76	0.8
Other Liab	0.98	-0.41	0.71	0.98	0.99	0.85	0.4	-0.04	0.78	0.79	0.98	0.73	0.74	0.78	0.64	0.8		-0.61	0.8	0.93	0.95	0.78	0.93	0.95	-0.83	0.92
Good Will	-0.63	0.47	-0.1	-0.66	-0.67	-0.15	-0.63	0.04	-0.54	-0.12	-0.62	-0.74	-0.13	-0.16	-0.1	-0.13	-0.61		-0.45	-0.35	-0.58	-0.37	-0.44	-0.47	0.3	-0.47
Short Term Investments	0.84	-0.35	0.71	0.82	0.83	0.79	0.24	0.24	0.46	0.75	0.79	0.48	0.72	0.72	0.69	0.77	0.8	-0.45		0.77	0.68	0.83	0.74	0.76	-0.71	0.69
Net Tangible Assets	0.89	-0.39	0.74	0.88	0.9	0.93	0.31	-0.1	0.73	0.84	0.91	0.64	0.79	0.82	0.68	0.88	0.93	-0.35	0.77		0.89	0.82	0.98	0.93	-0.84	0.97
Other Stockholder Equity	0.89	-0.45	0.55	0.9	0.91	0.76	0.4	-0.24	0.77	0.63	0.91	0.75	0.6	0.64	0.47	0.68	0.95	-0.58	0.68	0.89		0.66	0.89	0.9	-0.81	0.89
Long Term Investments	0.81	-0.3	0.77	0.78	0.8	0.82	0.25	0.04	0.47	0.8	0.77	0.47	0.79	0.75	0.7	0.81	0.78	-0.37	0.83	0.82	0.66		0.82	0.75	-0.8	0.76
Total Current Assets	0.91	-0.41	0.74	0.9	0.91	0.9	0.4	-0.15	0.77	0.8	0.92	0.72	0.79	0.78	0.63	0.84	0.93	-0.44	0.74	0.98	0.89	0.82		0.93	-0.83	0.99
Non Current Assets Total	0.92	-0.38	0.77	0.9	0.92	0.88	0.38	-0.01	0.74	0.77	0.92	0.69	0.81	0.77	0.59	0.8	0.95	-0.47	0.76	0.93	0.9	0.75	0.93		-0.74	0.91
Non Currrent Assets Other	-0.79	0.23	-0.7	-0.77	-0.78	-0.84	-0.18	0.33	-0.64	-0.8	-0.79	-0.5	-0.73	-0.69	-0.59	-0.76	-0.83	0.3	-0.71	-0.84	-0.81	-0.8	-0.83	-0.74		-0.78
Non Current Liabilities Total	0.89	-0.44	0.67	0.89	0.9	0.86	0.44	-0.19	0.8	0.74	0.91	0.76	0.73	0.74	0.57	0.8	0.92	-0.47	0.69	0.97	0.89	0.76	0.99	0.91	-0.78

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Shandong Himile Account Relationship Matchups

Shandong Himile fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.8B	7.0B	7.6B	8.6B	9.9B	10.4B
Other Current Liab	191.3M	104.2M	104.6M	4.9M	10.9M	10.3M
Total Current Liabilities	1.7B	1.1B	1.0B	1.1B	1.1B	689.6M
Total Stockholder Equity	5.0B	5.8B	6.5B	7.3B	8.6B	9.0B
Retained Earnings	3.6B	4.3B	5.1B	5.6B	6.9B	7.3B
Accounts Payable	300.7M	283.8M	298.9M	370.4M	318.7M	173.6M
Cash	481.0M	293.5M	410.5M	621.8M	1.1B	1.1B
Other Assets	482.9M	74.2M	63.1M	54.9M	63.1M	122.4M
Long Term Debt	71.3K	18.1M	2.3M	41.8M	37.6M	39.5M
Net Receivables	2.5B	1.6B	2.8B	2.1B	2.1B	1.3B
Inventory	863.4M	943.3M	1.5B	1.6B	1.7B	1.8B
Other Current Assets	60.4M	127.0M	154.9M	486.5M	549.2M	576.7M
Total Liab	1.8B	1.2B	1.1B	1.2B	1.3B	755.3M
Intangible Assets	303.6M	295.8M	350.4M	358.0M	374.2M	200.8M
Property Plant Equipment	1.6B	2.0B	2.0B	2.0B	2.3B	1.2B
Other Liab	52.5M	78.1M	100.8M	121.6M	139.8M	146.8M
Net Tangible Assets	4.1B	4.6B	5.5B	6.2B	7.1B	4.7B
Other Stockholder Equity	6.9M	50.3M	161.8M	143.5M	165.0M	173.2M
Total Current Assets	4.1B	4.2B	4.8B	5.6B	6.9B	4.2B
Non Current Assets Total	2.7B	2.8B	2.9B	3.0B	3.0B	2.9B
Non Currrent Assets Other	53.4M	41.4M	26.9M	40.2M	80.4M	120.9M
Non Current Liabilities Total	96.2M	103.0M	127.3M	157.2M	217.9M	112.2M
Non Current Liabilities Other	32.4M	41.8M	49.4M	62.3M	76.1M	41.8M
Net Invested Capital	5.9B	6.1B	6.7B	7.5B	8.7B	6.9B
Short Long Term Debt	975.0M	370.1M	225.1M	129.8M	116.8M	110.9M
Net Working Capital	2.4B	3.1B	3.8B	4.5B	5.8B	3.6B

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

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Shandong Long Term Investments vs Inventory Analysis

Long Term Investments vs Inventory

Long Term Investments vs Inventory Correlation Analysis

Correlation Coefficient

Long Term Investments

Inventory

Shandong Himile fundamental ratios Correlations

Shandong Himile Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shandong Himile fundamental ratios Accounts

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Other Information on Investing in Shandong Stock

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Inventory	+ 0.99	Retained Earnings
Other Liab	+ 0.99	Retained Earnings

Non Currrent Assets Other	- 0.84	Net Tangible Assets
Non Currrent Assets Other	- 0.84	Accounts Payable
Non Currrent Assets Other	- 0.83	Total Current Assets
Non Currrent Assets Other	- 0.83	Other Liab
Non Currrent Assets Other	- 0.81	Other Stockholder Equity
Non Currrent Assets Other	- 0.8	Long Term Investments