Ningxia Net Income vs Interest Income Analysis

600449 Stock   15.08  0.10  0.67%   
Ningxia Building financial indicator trend analysis is infinitely more than just investigating Ningxia Building Mat recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningxia Building Mat is a good investment. Please check the relationship between Ningxia Building Net Income and its Interest Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningxia Building Materials. 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.

Net Income vs Interest Income

Net Income vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningxia Building Mat Net Income account and Interest Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Ningxia Building's Net Income and Interest Income is 0.47. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Interest Income in the same time period over historical financial statements of Ningxia Building Materials, assuming nothing else is changed. The correlation between historical values of Ningxia Building's Net Income and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Ningxia Building Materials are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Net Income i.e., Ningxia Building's Net Income and Interest Income go up and down completely randomly.

Correlation Coefficient

0.47
Relationship DirectionPositive 
Relationship StrengthWeak

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Ningxia Building Mat financial statement analysis. It represents the amount of money remaining after all of Ningxia Building Materials operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Ningxia Building's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningxia Building Mat 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 Ningxia Building Materials. 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 11, 2024, Selling General Administrative is expected to decline to about 110.4 M. In addition to that, Tax Provision is expected to decline to about 53.1 M
 2021 2022 2023 2024 (projected)
Operating Income995.9M751.3M331.6M408.4M
Total Revenue5.8B8.7B10.4B10.9B

Ningxia Building fundamental ratios Correlations

0.380.80.750.610.340.730.610.280.560.540.420.660.630.850.860.650.310.450.540.410.230.380.550.15-0.38
0.380.290.130.08-0.440.230.360.00.010.320.60.160.540.460.440.03-0.44-0.05-0.09-0.18-0.02-0.16-0.13-0.420.11
0.80.290.40.210.440.450.210.470.650.610.570.920.310.660.850.320.14-0.030.130.120.03-0.070.330.15-0.01
0.750.130.40.960.560.690.74-0.070.630.170.250.20.690.620.470.950.720.760.80.820.30.830.720.42-0.76
0.610.080.210.960.470.680.75-0.270.49-0.040.14-0.040.710.450.230.950.790.860.910.910.370.930.810.48-0.86
0.34-0.440.440.560.470.120.130.150.790.030.120.390.030.280.280.570.770.250.410.590.040.430.510.56-0.41
0.730.230.450.690.680.120.540.060.290.420.370.290.60.410.40.670.380.540.630.560.440.50.650.24-0.6
0.610.360.210.740.750.130.54-0.40.19-0.140.18-0.070.910.660.340.730.390.710.680.540.340.640.54-0.02-0.53
0.280.00.47-0.07-0.270.150.06-0.40.150.810.160.76-0.410.140.53-0.17-0.15-0.53-0.36-0.260.09-0.43-0.230.160.35
0.560.010.650.630.490.790.290.190.150.270.50.550.280.560.550.60.50.260.340.48-0.10.350.450.39-0.44
0.540.320.610.17-0.040.030.42-0.140.810.270.340.77-0.080.340.720.06-0.2-0.27-0.22-0.190.12-0.28-0.14-0.020.17
0.420.60.570.250.140.120.370.180.160.50.340.460.40.460.420.15-0.07-0.17-0.020.11-0.14-0.150.17-0.140.01
0.660.160.920.2-0.040.390.29-0.070.760.550.770.460.00.530.830.1-0.01-0.29-0.12-0.10.01-0.280.080.140.17
0.630.540.310.690.710.030.60.91-0.410.28-0.080.40.00.660.360.670.270.650.620.490.210.560.53-0.01-0.53
0.850.460.660.620.450.280.410.660.140.560.340.460.530.660.840.520.120.360.340.210.040.250.31-0.11-0.22
0.860.440.850.470.230.280.40.340.530.550.720.420.830.360.840.33-0.040.040.07-0.020.0-0.020.1-0.050.0
0.650.030.320.950.950.570.670.73-0.170.60.060.150.10.670.520.330.80.780.840.870.490.860.780.5-0.85
0.31-0.440.140.720.790.770.380.39-0.150.5-0.2-0.07-0.010.270.12-0.040.80.630.810.930.410.80.840.73-0.75
0.45-0.05-0.030.760.860.250.540.71-0.530.26-0.27-0.17-0.290.650.360.040.780.630.90.750.220.930.720.27-0.8
0.54-0.090.130.80.910.410.630.68-0.360.34-0.22-0.02-0.120.620.340.070.840.810.90.910.40.920.930.48-0.85
0.41-0.180.120.820.910.590.560.54-0.260.48-0.190.11-0.10.490.21-0.020.870.930.750.910.410.890.910.65-0.86
0.23-0.020.030.30.370.040.440.340.09-0.10.12-0.140.010.210.040.00.490.410.220.40.410.30.430.4-0.46
0.38-0.16-0.070.830.930.430.50.64-0.430.35-0.28-0.15-0.280.560.25-0.020.860.80.930.920.890.30.760.52-0.9
0.55-0.130.330.720.810.510.650.54-0.230.45-0.140.170.080.530.310.10.780.840.720.930.910.430.760.56-0.77
0.15-0.420.150.420.480.560.24-0.020.160.39-0.02-0.140.14-0.01-0.11-0.050.50.730.270.480.650.40.520.56-0.59
-0.380.11-0.01-0.76-0.86-0.41-0.6-0.530.35-0.440.170.010.17-0.53-0.220.0-0.85-0.75-0.8-0.85-0.86-0.46-0.9-0.77-0.59
Click cells to compare fundamentals

Ningxia Building Account Relationship Matchups

Ningxia Building fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.5B8.3B9.3B10.1B11.2B5.9B
Other Current Liab281.4M309.1M322.7M497.0M8.6M8.2M
Total Current Liabilities1.3B1.4B1.7B2.4B3.0B1.6B
Total Stockholder Equity5.6B6.3B6.8B7.0B7.1B7.5B
Retained Earnings3.1B3.8B4.3B4.5B4.3B4.5B
Accounts Payable573.8M585.1M488.8M444.2M2.1B2.2B
Cash833.0M722.0M1.3B1.4B1.1B689.8M
Other Assets184.6M253.6M280.7M178.4M205.2M121.4M
Long Term Debt507.0M21.9M160.6M442.5M508.9M583.5M
Net Receivables1.2B510.0M758.6M1.6B1.9B2.0B
Inventory272.9M249.3M390.4M404.4M276.5M294.6M
Other Current Assets59.6M55.4M61.1M196.6M88.0M93.2M
Total Liab1.6B1.6B2.0B2.6B3.7B2.1B
Intangible Assets431.1M439.8M506.1M572.9M401.7M217.4M
Property Plant Equipment4.3B4.2B4.2B4.4B5.0B3.2B
Other Liab175.0M164.0M275.6M219.6M252.5M265.1M
Net Tangible Assets5.1B5.9B6.3B6.5B7.4B5.5B
Other Stockholder Equity9.1M21.6M28.1M35.9M41.3M43.4M
Deferred Long Term Liab7.4M7.7M24.1M9.9M11.4M10.6M
Total Current Assets2.4B3.1B4.0B4.6B5.7B3.6B
Non Current Assets Total5.2B5.2B5.3B5.4B5.5B5.7B
Non Currrent Assets Other25.3M4.3B110.2M37.9M2.6M2.5M
Non Current Liabilities Total335.5M165.5M280.7M223.3M676.1M709.9M
Short Long Term Debt333M430.4M390.4M380.3M400.2M353.1M
Non Current Liabilities Other23.0M24.0M24.5M20.3M25.9M19.5M
Net Invested Capital6.1B6.7B7.1B7.4B8.0B7.3B
Net Working Capital1.1B1.7B2.3B2.2B2.7B1.7B

Currently Active Assets on Macroaxis

Other Information on Investing in Ningxia Stock

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