Ningbo Inventory vs Cash Analysis

301193 Stock

17.70 0.80 4.73%

Ningbo Homelink financial indicator trend analysis is infinitely more than just investigating Ningbo Homelink Eco recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Homelink Eco is a good investment. Please check the relationship between Ningbo Homelink Inventory and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Homelink Eco iTech. 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.

Inventory vs Cash

Inventory vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Homelink Eco Inventory account and Cash. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ningbo Homelink's Inventory and Cash is 0.96. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash in the same time period over historical financial statements of Ningbo Homelink Eco iTech, assuming nothing else is changed. The correlation between historical values of Ningbo Homelink's Inventory 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 Inventory of Ningbo Homelink Eco iTech 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 Inventory i.e., Ningbo Homelink's Inventory and Cash go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

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Inventory

Cash

Cash refers to the most liquid asset of Ningbo Homelink Eco, which is listed under current asset account on Ningbo Homelink Eco iTech balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ningbo Homelink customers. The amounts must be unrestricted with restricted cash listed in a different Ningbo Homelink 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 Homelink's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Homelink Eco 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 Homelink Eco iTech. 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 1, 2024, Tax Provision is expected to decline to about 3.3 M. In addition to that, Selling General Administrative is expected to decline to about 109.9 M

	2021	2022	2023	2024 (projected)
Interest Expense	12.7M	15.0M	16.8M	25.3M
Interest Income	1.4M	6.3M	12.0M	12.6M

Interest Expense Interest Income

Ningbo Homelink fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Property Plant And Equipment Gross	Capital Lease Obligations
Total Assets		0.73	0.97	0.96	-0.82	0.96	0.94	0.94	0.97	0.89	0.76	0.98	0.94	0.78	0.95	0.82	0.96	0.99	-0.56	0.97	0.96	0.86	0.88	0.95	0.96	0.76
Other Current Liab	0.73		0.7	0.61	-0.64	0.61	0.65	0.59	0.76	0.93	1.0	0.77	0.62	0.99	0.69	0.98	0.8	0.73	-0.77	0.65	0.83	0.55	0.59	0.84	0.83	1.0
Total Current Liabilities	0.97	0.7		0.92	-0.84	0.97	0.99	0.87	0.97	0.89	0.73	0.98	0.91	0.76	0.9	0.8	0.94	0.93	-0.58	0.92	0.89	0.75	0.93	0.93	0.95	0.73
Total Stockholder Equity	0.96	0.61	0.92		-0.85	0.97	0.88	0.99	0.87	0.82	0.65	0.89	0.97	0.68	0.96	0.74	0.85	0.97	-0.35	1.0	0.89	0.94	0.79	0.84	0.86	0.65
Net Debt	-0.82	-0.64	-0.84	-0.85		-0.9	-0.79	-0.84	-0.73	-0.8	-0.66	-0.8	-0.94	-0.69	-0.94	-0.78	-0.74	-0.82	0.2	-0.87	-0.75	-0.79	-0.59	-0.71	-0.73	-0.67
Retained Earnings	0.96	0.61	0.97	0.97	-0.9		0.95	0.94	0.9	0.84	0.65	0.93	0.97	0.68	0.96	0.75	0.86	0.94	-0.37	0.96	0.85	0.85	0.85	0.85	0.87	0.65
Accounts Payable	0.94	0.65	0.99	0.88	-0.79	0.95		0.83	0.95	0.86	0.68	0.97	0.86	0.71	0.85	0.75	0.91	0.9	-0.59	0.88	0.84	0.69	0.96	0.91	0.92	0.68
Cash	0.94	0.59	0.87	0.99	-0.84	0.94	0.83		0.83	0.79	0.63	0.85	0.97	0.66	0.96	0.72	0.81	0.96	-0.29	0.99	0.88	0.98	0.72	0.8	0.82	0.62
Non Current Assets Total	0.97	0.76	0.97	0.87	-0.73	0.9	0.95	0.83		0.89	0.79	0.99	0.84	0.81	0.86	0.83	0.99	0.94	-0.72	0.88	0.95	0.72	0.93	0.99	0.99	0.78
Non Currrent Assets Other	0.89	0.93	0.89	0.82	-0.8	0.84	0.86	0.79	0.89		0.95	0.91	0.81	0.96	0.84	0.97	0.89	0.87	-0.7	0.84	0.89	0.7	0.81	0.92	0.92	0.94
Long Term Debt	0.76	1.0	0.73	0.65	-0.66	0.65	0.68	0.63	0.79	0.95		0.8	0.65	1.0	0.71	0.98	0.82	0.76	-0.77	0.69	0.85	0.58	0.63	0.86	0.85	1.0
Net Receivables	0.98	0.77	0.98	0.89	-0.8	0.93	0.97	0.85	0.99	0.91	0.8		0.88	0.82	0.89	0.85	0.98	0.95	-0.67	0.9	0.94	0.74	0.91	0.98	0.99	0.8
Common Stock Shares Outstanding	0.94	0.62	0.91	0.97	-0.94	0.97	0.86	0.97	0.84	0.81	0.65	0.88		0.68	0.99	0.76	0.83	0.95	-0.27	0.98	0.86	0.92	0.72	0.81	0.83	0.65
Non Current Liabilities Total	0.78	0.99	0.76	0.68	-0.69	0.68	0.71	0.66	0.81	0.96	1.0	0.82	0.68		0.74	0.99	0.84	0.78	-0.76	0.71	0.86	0.6	0.66	0.87	0.86	1.0
Inventory	0.95	0.69	0.9	0.96	-0.94	0.96	0.85	0.96	0.86	0.84	0.71	0.89	0.99	0.74		0.81	0.86	0.96	-0.33	0.98	0.9	0.93	0.7	0.84	0.86	0.72
Other Current Assets	0.82	0.98	0.8	0.74	-0.78	0.75	0.75	0.72	0.83	0.97	0.98	0.85	0.76	0.99	0.81		0.85	0.82	-0.69	0.77	0.88	0.66	0.67	0.88	0.88	0.99
Total Liab	0.96	0.8	0.94	0.85	-0.74	0.86	0.91	0.81	0.99	0.89	0.82	0.98	0.83	0.84	0.86	0.85		0.94	-0.73	0.87	0.97	0.72	0.87	1.0	0.99	0.82
Net Invested Capital	0.99	0.73	0.93	0.97	-0.82	0.94	0.9	0.96	0.94	0.87	0.76	0.95	0.95	0.78	0.96	0.82	0.94		-0.51	0.98	0.97	0.91	0.81	0.93	0.94	0.75
Short Long Term Debt	-0.56	-0.77	-0.58	-0.35	0.2	-0.37	-0.59	-0.29	-0.72	-0.7	-0.77	-0.67	-0.27	-0.76	-0.33	-0.69	-0.73	-0.51		-0.37	-0.65	-0.17	-0.7	-0.77	-0.76	-0.76
Total Current Assets	0.97	0.65	0.92	1.0	-0.87	0.96	0.88	0.99	0.88	0.84	0.69	0.9	0.98	0.71	0.98	0.77	0.87	0.98	-0.37		0.91	0.95	0.77	0.86	0.88	0.68
Capital Stock	0.96	0.83	0.89	0.89	-0.75	0.85	0.84	0.88	0.95	0.89	0.85	0.94	0.86	0.86	0.9	0.88	0.97	0.97	-0.65	0.91		0.83	0.78	0.97	0.97	0.84
Net Working Capital	0.86	0.55	0.75	0.94	-0.79	0.85	0.69	0.98	0.72	0.7	0.58	0.74	0.92	0.6	0.93	0.66	0.72	0.91	-0.17	0.95	0.83		0.57	0.71	0.73	0.57
Intangible Assets	0.88	0.59	0.93	0.79	-0.59	0.85	0.96	0.72	0.93	0.81	0.63	0.91	0.72	0.66	0.7	0.67	0.87	0.81	-0.7	0.77	0.78	0.57		0.88	0.89	0.62
Property Plant And Equipment Net	0.95	0.84	0.93	0.84	-0.71	0.85	0.91	0.8	0.99	0.92	0.86	0.98	0.81	0.87	0.84	0.88	1.0	0.93	-0.77	0.86	0.97	0.71	0.88		1.0	0.85
Property Plant And Equipment Gross	0.96	0.83	0.95	0.86	-0.73	0.87	0.92	0.82	0.99	0.92	0.85	0.99	0.83	0.86	0.86	0.88	0.99	0.94	-0.76	0.88	0.97	0.73	0.89	1.0		0.85
Capital Lease Obligations	0.76	1.0	0.73	0.65	-0.67	0.65	0.68	0.62	0.78	0.94	1.0	0.8	0.65	1.0	0.72	0.99	0.82	0.75	-0.76	0.68	0.84	0.57	0.62	0.85	0.85

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Balance Sheet is a snapshot of the financial position of Ningbo Homelink Eco at a specified time, usually calculated after every quarter, six months, or one year. Ningbo Homelink Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo Homelink 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.

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Ningbo Inventory vs Cash Analysis

Inventory vs Cash

Inventory vs Cash Correlation Analysis

Correlation Coefficient

Inventory

Cash

Ningbo Homelink fundamental ratios Correlations

Ningbo Homelink Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Other Information on Investing in Ningbo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt	+ 1.0	Other Current Liab
Capital Lease Obligations	+ 1.0	Other Current Liab
Total Current Assets	+ 1.0	Total Stockholder Equity
Non Current Liabilities Total	+ 1.0	Long Term Debt
Capital Lease Obligations	+ 1.0	Long Term Debt
Capital Lease Obligations	+ 1.0	Non Current Liabilities Total

Inventory	- 0.94	Net Debt
Common Stock Shares Outstanding	- 0.94	Net Debt
Retained Earnings	- 0.9	Net Debt
Total Current Assets	- 0.87	Net Debt
Net Debt	- 0.85	Total Stockholder Equity
Cash	- 0.84	Net Debt