Tianjin Dividends Paid vs Change To Account Receivables Analysis

300828 Stock   17.33  1.88  9.79%   
Tianjin Ruixin financial indicator trend analysis is much more than just breaking down Tianjin Ruixin Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tianjin Ruixin Technology is a good investment. Please check the relationship between Tianjin Ruixin Dividends Paid and its Change To Account Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tianjin Ruixin Technology. 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.

Dividends Paid vs Change To Account Receivables

Dividends Paid vs Change To Account Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tianjin Ruixin Technology Dividends Paid account and Change To Account Receivables. At this time, the significance of the direction appears to have weak relationship.
The correlation between Tianjin Ruixin's Dividends Paid and Change To Account Receivables is 0.38. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Change To Account Receivables in the same time period over historical financial statements of Tianjin Ruixin Technology, assuming nothing else is changed. The correlation between historical values of Tianjin Ruixin's Dividends Paid and Change To Account Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividends Paid of Tianjin Ruixin Technology are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Dividends Paid i.e., Tianjin Ruixin's Dividends Paid and Change To Account Receivables go up and down completely randomly.

Correlation Coefficient

0.38
Relationship DirectionPositive 
Relationship StrengthVery Weak

Dividends Paid

The total amount of dividends that a company has paid out to its shareholders over a specific period.

Change To Account Receivables

Most indicators from Tianjin Ruixin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tianjin Ruixin Technology 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 Tianjin Ruixin Technology. 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 10.3 M, whereas Selling General Administrative is forecasted to decline to about 11.3 M.
 2021 2023 2024 (projected)
Tax Provision9.5M8.1M10.3M
Income Tax Expense9.5M10.9M9.9M

Tianjin Ruixin fundamental ratios Correlations

0.23-0.310.60.990.950.360.070.970.70.750.950.750.240.90.930.98-0.040.860.530.980.250.770.890.890.18
0.23-0.320.740.090.340.20.960.280.53-0.270.330.04-0.17-0.030.330.280.03-0.150.910.170.850.240.190.020.75
-0.31-0.32-0.13-0.29-0.340.42-0.21-0.39-0.28-0.12-0.35-0.390.27-0.17-0.31-0.330.09-0.23-0.21-0.27-0.23-0.39-0.3-0.18-0.25
0.60.74-0.130.490.60.480.680.580.610.160.590.4-0.090.480.590.65-0.070.280.890.590.70.370.590.530.32
0.990.09-0.290.490.910.32-0.080.950.620.810.920.760.260.930.910.96-0.060.910.40.980.140.760.890.910.07
0.950.34-0.340.60.910.30.210.910.850.591.00.670.330.770.840.90.00.770.630.880.210.80.770.770.38
0.360.20.420.480.320.30.170.30.110.170.310.39-0.320.230.450.46-0.070.260.40.370.280.250.420.250.08
0.070.96-0.210.68-0.080.210.170.120.44-0.470.19-0.13-0.2-0.180.180.110.07-0.330.860.010.790.140.02-0.140.74
0.970.28-0.390.580.950.910.30.120.70.690.910.70.190.850.930.950.080.810.540.960.280.720.830.840.24
0.70.53-0.280.610.620.850.110.440.70.30.820.30.460.490.590.630.180.470.750.60.210.560.380.510.62
0.75-0.27-0.120.160.810.590.17-0.470.690.30.610.620.330.820.70.71-0.050.850.00.8-0.110.540.730.79-0.25
0.950.33-0.350.590.921.00.310.190.910.820.610.690.30.770.860.91-0.020.780.610.890.210.840.80.770.37
0.750.04-0.390.40.760.670.39-0.130.70.30.620.69-0.130.70.70.76-0.270.860.250.750.140.630.820.75-0.08
0.24-0.170.27-0.090.260.33-0.32-0.20.190.460.330.3-0.130.30.080.060.260.280.00.2-0.30.20.00.280.13
0.9-0.03-0.170.480.930.770.23-0.180.850.490.820.770.70.30.760.87-0.220.880.270.940.120.540.850.99-0.17
0.930.33-0.310.590.910.840.450.180.930.590.70.860.70.080.760.940.050.760.580.930.420.790.860.750.3
0.980.28-0.330.650.960.90.460.110.950.630.710.910.760.060.870.94-0.120.820.550.970.330.740.910.870.15
-0.040.030.09-0.07-0.060.0-0.070.070.080.18-0.05-0.02-0.270.26-0.220.05-0.12-0.140.06-0.05-0.14-0.01-0.22-0.240.23
0.86-0.15-0.230.280.910.770.26-0.330.810.470.850.780.860.280.880.760.82-0.140.160.87-0.060.660.780.89-0.09
0.530.91-0.210.890.40.630.40.860.540.750.00.610.250.00.270.580.550.060.160.470.750.450.410.320.72
0.980.17-0.270.590.980.880.370.010.960.60.80.890.750.20.940.930.97-0.050.870.470.270.70.910.930.07
0.250.85-0.230.70.140.210.280.790.280.21-0.110.210.14-0.30.120.420.33-0.14-0.060.750.270.210.360.160.49
0.770.24-0.390.370.760.80.250.140.720.560.540.840.630.20.540.790.74-0.010.660.450.70.210.730.530.37
0.890.19-0.30.590.890.770.420.020.830.380.730.80.820.00.850.860.91-0.220.780.410.910.360.730.85-0.04
0.890.02-0.180.530.910.770.25-0.140.840.510.790.770.750.280.990.750.87-0.240.890.320.930.160.530.85-0.14
0.180.75-0.250.320.070.380.080.740.240.62-0.250.37-0.080.13-0.170.30.150.23-0.090.720.070.490.37-0.04-0.14
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Tianjin Ruixin Account Relationship Matchups

Tianjin Ruixin fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets569.4M782.9M825.6M979.6M862.1M515.4M
Short Long Term Debt Total128.4M199.4K607.3K88.9M32.4M41.6M
Other Current Liab952.1K13.5M3.2M5.6M1.3M1.3M
Total Current Liabilities106.7M43.6M42.9M135.8M65.3M55.3M
Total Stockholder Equity389.0M733.2M775.8M835.0M789.0M446.9M
Property Plant And Equipment Net289.2M293.5M281.8M279.9M307.7M193.1M
Net Debt116.4M(38.0M)(34.7M)51.3M(1.5M)(1.4M)
Retained Earnings211.0M242.8M278.9M324.3M259.8M188.0M
Accounts Payable38.5M28.7M22.8M21.3M14.1M15.3M
Cash12.0M38.2M35.3M37.6M33.9M26.5M
Non Current Assets Total323.9M333.6M325.5M325.6M377.6M227.0M
Other Assets1.6M1.5M7.0M1.01.151.09
Cash And Short Term Investments12.0M214.2M171.7M251.9M152.8M81.6M
Net Receivables102.7M102.5M139.8M183.7M155.4M96.8M
Liabilities And Stockholders Equity569.4M782.9M825.6M979.6M862.1M515.4M
Inventory106.3M117.3M176.0M214.7M170.6M95.7M
Other Current Assets24.5M15.3M12.6M3.7M5.7M5.4M
Other Stockholder Equity95.3M12.3M332.1M279.9M289.3M303.8M
Total Liab180.4M49.7M49.8M144.6M73.1M68.5M
Total Current Assets245.5M449.3M500.1M654.0M484.5M288.3M
Intangible Assets33.2M33.1M32.4M31.9M50.8M29.2M
Non Current Liabilities Total73.7M6.1M6.9M8.8M7.9M15.3M
Other Liab1.5M1.7M6.1M6.6M7.6M8.0M
Net Tangible Assets313.1M355.7M700.1M743.4M854.9M443.4M
Property Plant Equipment160.4M289.2M293.5M281.8M324.1M212.9M
Net Invested Capital491.0M733.2M775.8M923.6M821.4M702.7M
Net Working Capital138.8M405.7M457.2M518.2M419.2M361.7M

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Other Information on Investing in Tianjin Stock

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