Sinomach Non Currrent Assets Other vs Other Assets Analysis

600444 Stock   14.71  0.40  2.65%   
Sinomach General financial indicator trend analysis is much more than just breaking down Sinomach General Mac prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinomach General Mac is a good investment. Please check the relationship between Sinomach General Non Currrent Assets Other and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinomach General Machinery. 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.

Non Currrent Assets Other vs Other Assets

Non Currrent Assets Other vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinomach General Mac Non Currrent Assets Other account and Other Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Sinomach General's Non Currrent Assets Other and Other Assets is -0.81. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Other Assets in the same time period over historical financial statements of Sinomach General Machinery, assuming nothing else is changed. The correlation between historical values of Sinomach General's Non Currrent Assets Other and Other 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 Non Currrent Assets Other of Sinomach General Machinery are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Non Currrent Assets Other i.e., Sinomach General's Non Currrent Assets Other and Other Assets go up and down completely randomly.

Correlation Coefficient

-0.81
Relationship DirectionNegative 
Relationship StrengthSignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Other Assets

Most indicators from Sinomach General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinomach General Mac 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 Sinomach General Machinery. 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 6.6 M, whereas Selling General Administrative is forecasted to decline to about 14.2 M.
 2022 2023 2024 2025 (projected)
Operating Income43.6M49.8M57.3M38.6M
Total Revenue787.8M755.0M868.3M509.4M

Sinomach General fundamental ratios Correlations

-0.330.570.830.680.890.820.370.460.870.370.60.30.89-0.50.81-0.820.860.840.180.85-0.76-0.680.19-0.17-0.76
-0.330.33-0.56-0.55-0.44-0.38-0.35-0.32-0.350.150.27-0.33-0.190.6-0.550.42-0.43-0.34-0.08-0.320.380.350.060.340.47
0.570.330.23-0.050.350.340.260.250.44-0.051.0-0.010.590.290.23-0.160.20.23-0.090.42-0.110.050.29-0.11-0.06
0.83-0.560.230.870.920.890.480.380.90.350.270.390.69-0.770.91-0.890.890.850.280.79-0.87-0.840.08-0.48-0.91
0.68-0.55-0.050.870.770.890.450.00.840.370.00.050.41-0.930.8-0.930.940.910.370.84-0.91-0.880.12-0.44-0.94
0.89-0.440.350.920.770.860.340.530.90.520.390.460.78-0.630.87-0.820.820.810.160.75-0.81-0.790.12-0.35-0.82
0.82-0.380.340.890.890.860.550.110.940.280.390.10.58-0.730.84-0.890.90.910.290.91-0.89-0.790.11-0.55-0.89
0.37-0.350.260.480.450.340.55-0.020.48-0.240.3-0.120.22-0.330.47-0.360.450.380.160.57-0.44-0.240.08-0.83-0.47
0.46-0.320.250.380.00.530.11-0.020.20.320.250.820.720.040.41-0.140.140.09-0.10.0-0.19-0.25-0.190.06-0.19
0.87-0.350.440.90.840.90.940.480.20.350.490.130.66-0.650.84-0.890.890.880.270.89-0.81-0.750.32-0.48-0.84
0.370.15-0.050.350.370.520.28-0.240.320.35-0.050.360.4-0.40.32-0.410.410.430.060.24-0.51-0.630.040.24-0.43
0.60.271.00.270.00.390.390.30.250.49-0.05-0.010.580.240.27-0.190.230.25-0.10.46-0.140.020.34-0.17-0.1
0.3-0.33-0.010.390.050.460.1-0.120.820.130.36-0.010.54-0.090.35-0.180.10.110.08-0.1-0.18-0.29-0.310.09-0.18
0.89-0.190.590.690.410.780.580.220.720.660.40.580.54-0.220.71-0.630.650.620.120.55-0.6-0.60.0-0.03-0.61
-0.50.60.29-0.77-0.93-0.63-0.73-0.330.04-0.65-0.40.24-0.09-0.22-0.680.8-0.82-0.79-0.27-0.690.810.82-0.030.320.84
0.81-0.550.230.910.80.870.840.470.410.840.320.270.350.71-0.68-0.80.840.730.020.72-0.81-0.810.19-0.47-0.88
-0.820.42-0.16-0.89-0.93-0.82-0.89-0.36-0.14-0.89-0.41-0.19-0.18-0.630.8-0.8-0.97-0.98-0.51-0.850.910.9-0.080.30.94
0.86-0.430.20.890.940.820.90.450.140.890.410.230.10.65-0.820.84-0.970.970.370.91-0.93-0.890.13-0.32-0.96
0.84-0.340.230.850.910.810.910.380.090.880.430.250.110.62-0.790.73-0.980.970.470.9-0.91-0.860.04-0.27-0.91
0.18-0.08-0.090.280.370.160.290.16-0.10.270.06-0.10.080.12-0.270.02-0.510.370.470.26-0.34-0.34-0.23-0.13-0.35
0.85-0.320.420.790.840.750.910.570.00.890.240.46-0.10.55-0.690.72-0.850.910.90.26-0.83-0.670.26-0.39-0.8
-0.760.38-0.11-0.87-0.91-0.81-0.89-0.44-0.19-0.81-0.51-0.14-0.18-0.60.81-0.810.91-0.93-0.91-0.34-0.830.930.10.390.95
-0.680.350.05-0.84-0.88-0.79-0.79-0.24-0.25-0.75-0.630.02-0.29-0.60.82-0.810.9-0.89-0.86-0.34-0.670.930.070.250.95
0.190.060.290.080.120.120.110.08-0.190.320.040.34-0.310.0-0.030.19-0.080.130.04-0.230.260.10.07-0.07-0.01
-0.170.34-0.11-0.48-0.44-0.35-0.55-0.830.06-0.480.24-0.170.09-0.030.32-0.470.3-0.32-0.27-0.13-0.390.390.25-0.070.45
-0.760.47-0.06-0.91-0.94-0.82-0.89-0.47-0.19-0.84-0.43-0.1-0.18-0.610.84-0.880.94-0.96-0.91-0.35-0.80.950.95-0.010.45
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Sinomach General Account Relationship Matchups

Sinomach General fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets1.2B1.2B1.1B1.3B1.5B788.1M
Other Current Liab298.1M289.0M25.0M38.3M44.1M41.9M
Total Current Liabilities561.6M563.0M464.1M565.2M649.9M431.3M
Total Stockholder Equity611.4M637.8M660.2M682.1M784.4M823.6M
Retained Earnings133.9M160.6M142.3M162.2M186.5M195.9M
Accounts Payable247.7M247.7M195.6M192.1M220.9M231.9M
Cash501.7M396.2M327.2M439.1M505.0M530.2M
Net Receivables175.3M179.5M175.9M180.0M207.0M165.8M
Inventory223.5M278.5M242.4M223.9M257.5M270.3M
Other Current Assets97.2M136.4M426.8K4.2M4.8M4.6M
Total Liab568.5M597.9M487.6M580.3M667.3M477.6M
Intangible Assets12.8M10.1M8.0M6.7M7.7M10.0M
Property Plant Equipment111.5M78.7M73.8M80.7M72.7M69.0M
Other Assets30.0M28.3M28.8M42.4M48.8M51.2M
Other Liab6.5M8.3M6.9M6.3M5.7M8.4M
Net Tangible Assets536.5M569.5M598.6M627.7M721.8M542.3M
Other Stockholder Equity1.4M1.5M2.0M1.6M1.9M1.3M
Deferred Long Term Liab11.9M7.5M6.6M6.2M7.1M6.5M
Total Current Assets1.1B1.1B932.3M1.1B1.3B924.7M
Non Current Assets Total115.5M148.3M215.5M113.0M101.7M132.4M
Non Currrent Assets Other71.0K719.7K15.1M76.6M69.0M43.1M
Non Current Liabilities Total6.9M34.9M23.4M15.1M17.4M17.0M
Net Invested Capital611.4M637.8M660.2M682.1M784.4M667.3M
Net Working Capital502.8M524.3M468.1M584.2M671.9M520.8M
Property Plant And Equipment Net73.8M80.7M72.2M60.3M54.3M58.5M
Property Plant And Equipment Gross140.5M141.3M136.4M128.1M115.3M109.7M

Currently Active Assets on Macroaxis

Other Information on Investing in Sinomach Stock

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