Ningbo Retained Earnings vs Cash Analysis

300998 Stock   16.59  0.10  0.61%   
Ningbo Fangzheng financial indicator trend analysis is infinitely more than just investigating Ningbo Fangzheng Aut recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Fangzheng Aut is a good investment. Please check the relationship between Ningbo Fangzheng Retained Earnings and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Fangzheng Automobile. 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.

Retained Earnings vs Cash

Retained Earnings vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Fangzheng Aut Retained Earnings account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ningbo Fangzheng's Retained Earnings and Cash is 0.63. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of Ningbo Fangzheng Automobile, assuming nothing else is changed. The correlation between historical values of Ningbo Fangzheng's Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Ningbo Fangzheng Automobile are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., Ningbo Fangzheng's Retained Earnings and Cash go up and down completely randomly.

Correlation Coefficient

0.63
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Cash

Cash refers to the most liquid asset of Ningbo Fangzheng Aut, which is listed under current asset account on Ningbo Fangzheng Automobile balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ningbo Fangzheng customers. The amounts must be unrestricted with restricted cash listed in a different Ningbo Fangzheng account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Ningbo Fangzheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Fangzheng Aut 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 Ningbo Fangzheng Automobile. 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 (1.4 M). In addition to that, Selling General Administrative is expected to decline to about 48.6 M
 2021 2022 2023 2024 (projected)
Interest Expense7.2M10.8M14.7M13.6M
Interest Income525.1K615.5K3.3M3.4M

Ningbo Fangzheng fundamental ratios Correlations

-0.640.920.990.720.560.660.880.930.880.920.980.940.780.950.380.850.951.00.821.00.940.950.890.960.92
-0.64-0.66-0.63-0.52-0.98-0.96-0.64-0.35-0.65-0.52-0.76-0.77-0.85-0.68-0.87-0.89-0.68-0.61-0.4-0.67-0.77-0.55-0.66-0.57-0.45
0.92-0.660.880.520.630.770.890.890.890.890.930.840.750.930.50.920.990.90.870.910.840.920.90.960.95
0.99-0.630.880.740.550.630.870.910.870.880.970.940.780.920.360.820.910.990.771.00.940.940.880.930.89
0.72-0.520.520.740.510.510.590.590.60.780.760.850.80.790.460.530.640.760.640.730.850.480.590.70.52
0.56-0.980.630.550.510.970.630.290.640.490.70.740.860.650.940.840.650.540.380.60.740.460.650.540.41
0.66-0.960.770.630.510.970.720.440.730.620.780.780.880.750.920.920.770.640.550.680.780.570.740.670.56
0.88-0.640.890.870.590.630.720.851.00.770.860.890.850.830.550.780.880.870.690.880.890.871.00.890.91
0.93-0.350.890.910.590.290.440.850.850.90.860.80.610.870.160.680.90.930.870.910.80.920.850.950.98
0.88-0.650.890.870.60.640.731.00.850.770.870.90.860.840.570.790.880.870.690.880.90.871.00.890.91
0.92-0.520.890.880.780.490.620.770.90.770.930.870.740.980.390.780.940.930.970.910.870.80.770.970.87
0.98-0.760.930.970.760.70.780.860.860.870.930.970.860.980.540.920.970.980.830.980.970.890.870.950.87
0.94-0.770.840.940.850.740.780.890.80.90.870.970.940.940.620.850.90.940.740.951.00.820.90.90.81
0.78-0.850.750.780.80.860.880.850.610.860.740.860.940.840.830.810.80.780.620.80.940.630.860.770.66
0.95-0.680.930.920.790.650.750.830.870.840.980.980.940.840.530.880.970.950.920.950.940.840.840.970.87
0.38-0.870.50.360.460.940.920.550.160.570.390.540.620.830.530.690.520.370.320.410.620.250.570.420.29
0.85-0.890.920.820.530.840.920.780.680.790.780.920.850.810.880.690.920.830.720.860.850.810.80.840.76
0.95-0.680.990.910.640.650.770.880.90.880.940.970.90.80.970.520.920.940.90.950.90.90.890.980.93
1.0-0.610.90.990.760.540.640.870.930.870.930.980.940.780.950.370.830.940.831.00.940.930.870.960.91
0.82-0.40.870.770.640.380.550.690.870.690.970.830.740.620.920.320.720.90.830.80.740.730.70.930.86
1.0-0.670.911.00.730.60.680.880.910.880.910.980.950.80.950.410.860.951.00.80.950.940.880.950.9
0.94-0.770.840.940.850.740.780.890.80.90.870.971.00.940.940.620.850.90.940.740.950.820.90.90.81
0.95-0.550.920.940.480.460.570.870.920.870.80.890.820.630.840.250.810.90.930.730.940.820.880.90.94
0.89-0.660.90.880.590.650.741.00.851.00.770.870.90.860.840.570.80.890.870.70.880.90.880.890.91
0.96-0.570.960.930.70.540.670.890.950.890.970.950.90.770.970.420.840.980.960.930.950.90.90.890.96
0.92-0.450.950.890.520.410.560.910.980.910.870.870.810.660.870.290.760.930.910.860.90.810.940.910.96
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Ningbo Fangzheng Account Relationship Matchups

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Other Information on Investing in Ningbo Stock

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