Hunan Long Term Investments vs Common Stock Analysis

600698 Stock   4.87  0.14  2.79%   
Hunan Tyen financial indicator trend analysis is much more than just examining Hunan Tyen Machinery latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hunan Tyen Machinery is a good investment. Please check the relationship between Hunan Tyen Long Term Investments and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hunan Tyen 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.

Long Term Investments vs Common Stock

Long Term Investments vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hunan Tyen Machinery Long Term Investments account and Common Stock. At this time, the significance of the direction appears to have strong contrarian relationship.
Long Term InvestmentsCommon StockDiversified AwayLong Term InvestmentsCommon StockDiversified Away100%
The correlation between Hunan Tyen's Long Term Investments and Common Stock is -0.58. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Common Stock in the same time period over historical financial statements of Hunan Tyen Machinery, assuming nothing else is changed. The correlation between historical values of Hunan Tyen's Long Term Investments and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Hunan Tyen Machinery are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Long Term Investments i.e., Hunan Tyen's Long Term Investments and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.58
Relationship DirectionNegative 
Relationship StrengthVery Weak

Long Term Investments

Long Term Investments is an item on the asset side of Hunan Tyen balance sheet that represents investments Hunan Tyen Machinery intends to hold for over a year. Hunan Tyen Machinery long term investments may include different instruments such as stocks, bonds, real estate and cash.

Common Stock

Most indicators from Hunan Tyen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hunan Tyen Machinery 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 Hunan Tyen 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 1.9 M, whereas Selling General Administrative is forecasted to decline to about 21.8 M.
 2021 2022 2023 2024 (projected)
Cost Of Revenue475.9M285.7M433.4M624.2M
Total Revenue568.5M330.6M487.7M734.2M

Hunan Tyen fundamental ratios Correlations

0.320.840.960.930.86-0.55-0.320.990.940.960.830.15-0.150.89-0.82-0.110.04-0.09-0.110.09-0.22-0.05-0.220.160.1
0.320.380.240.560.27-0.39-0.80.350.430.430.38-0.62-0.660.5-0.230.010.09-0.42-0.670.7-0.6-0.11-0.60.36-0.17
0.840.380.670.790.92-0.64-0.370.830.90.781.00.16-0.260.93-0.770.020.13-0.29-0.14-0.04-0.220.0-0.220.160.18
0.960.240.670.890.75-0.48-0.250.950.840.940.650.17-0.050.78-0.76-0.21-0.020.05-0.040.1-0.2-0.11-0.20.120.07
0.930.560.790.890.76-0.61-0.50.940.880.980.77-0.13-0.410.89-0.75-0.190.08-0.23-0.270.3-0.51-0.17-0.510.330.19
0.860.270.920.750.76-0.72-0.280.820.860.780.90.330.020.9-0.72-0.190.00.030.02-0.11-0.130.02-0.130.080.2
-0.55-0.39-0.64-0.48-0.61-0.720.26-0.55-0.5-0.64-0.59-0.20.05-0.790.590.61-0.380.0-0.190.180.550.570.55-0.23-0.29
-0.32-0.8-0.37-0.25-0.5-0.280.26-0.37-0.42-0.41-0.370.580.59-0.410.21-0.16-0.070.460.68-0.560.44-0.110.44-0.290.06
0.990.350.830.950.940.82-0.55-0.370.940.970.820.08-0.240.88-0.85-0.080.1-0.19-0.160.09-0.3-0.1-0.30.20.1
0.940.430.90.840.880.86-0.5-0.420.940.870.9-0.02-0.330.87-0.780.090.09-0.31-0.350.18-0.210.1-0.210.120.03
0.960.430.780.940.980.78-0.64-0.410.970.870.750.03-0.280.89-0.81-0.240.12-0.16-0.110.16-0.44-0.24-0.440.270.16
0.830.381.00.650.770.9-0.59-0.370.820.90.750.13-0.30.91-0.750.110.15-0.35-0.19-0.02-0.190.05-0.190.180.15
0.15-0.620.160.17-0.130.33-0.20.580.08-0.020.030.130.790.15-0.24-0.26-0.140.620.86-0.760.55-0.130.55-0.330.05
-0.15-0.66-0.26-0.05-0.410.020.050.59-0.24-0.33-0.28-0.30.79-0.260.24-0.27-0.240.850.72-0.580.60.050.6-0.230.02
0.890.50.930.780.890.9-0.79-0.410.880.870.890.910.15-0.26-0.86-0.230.16-0.17-0.06-0.01-0.41-0.27-0.410.180.15
-0.82-0.23-0.77-0.76-0.75-0.720.590.21-0.85-0.78-0.81-0.75-0.240.24-0.860.23-0.170.15-0.060.230.30.340.30.160.01
-0.110.010.02-0.21-0.19-0.190.61-0.16-0.080.09-0.240.11-0.26-0.27-0.230.23-0.18-0.47-0.510.260.460.70.460.08-0.32
0.040.090.13-0.020.080.0-0.38-0.070.10.090.120.15-0.14-0.240.16-0.17-0.18-0.52-0.03-0.12-0.39-0.57-0.390.110.02
-0.09-0.42-0.290.05-0.230.030.00.46-0.19-0.31-0.16-0.350.620.85-0.170.15-0.47-0.520.63-0.410.35-0.010.35-0.220.04
-0.11-0.67-0.14-0.04-0.270.02-0.190.68-0.16-0.35-0.11-0.190.860.72-0.06-0.06-0.51-0.030.63-0.780.26-0.440.26-0.170.2
0.090.7-0.040.10.3-0.110.18-0.560.090.180.16-0.02-0.76-0.58-0.010.230.26-0.12-0.41-0.78-0.250.29-0.250.3-0.21
-0.22-0.6-0.22-0.2-0.51-0.130.550.44-0.3-0.21-0.44-0.190.550.6-0.410.30.46-0.390.350.26-0.250.591.0-0.49-0.32
-0.05-0.110.0-0.11-0.170.020.57-0.11-0.10.1-0.240.05-0.130.05-0.270.340.7-0.57-0.01-0.440.290.590.59-0.12-0.12
-0.22-0.6-0.22-0.2-0.51-0.130.550.44-0.3-0.21-0.44-0.190.550.6-0.410.30.46-0.390.350.26-0.251.00.59-0.49-0.32
0.160.360.160.120.330.08-0.23-0.290.20.120.270.18-0.33-0.230.180.160.080.11-0.22-0.170.3-0.49-0.12-0.490.38
0.1-0.170.180.070.190.2-0.290.060.10.030.160.150.050.020.150.01-0.320.020.040.2-0.21-0.32-0.12-0.320.38
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Hunan Tyen Account Relationship Matchups

Hunan Tyen fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2B1.3B1.1B1.1B1.2B1.1B
Other Current Liab150.7M88.9M92.5M87.6M3.2M3.0M
Total Current Liabilities409.6M483.0M314.5M294.6M466.7M640.1M
Total Stockholder Equity762.9M779.4M788.6M760.5M763.4M552.3M
Retained Earnings(845.9M)(812.9M)(804.1M)(831.9M)(913.0M)(958.7M)
Accounts Payable205.0M329.7M193.0M180.6M331.3M305.3M
Cash385.3M363.3M371.0M351.9M297.4M280.8M
Other Assets31.0M39.0M59.1M80.0M92.0M96.6M
Net Receivables401.9M278.4M182.5M156.0M228.0M382.3M
Inventory137.7M143.9M123.4M108.7M116.2M126.8M
Other Current Assets4.2M5.2M4.5M16.2M6.2M5.9M
Total Liab468.4M493.0M321.7M300.3M471.5M653.4M
Intangible Assets27.8M28.0M41.0M67.4M92.2M96.8M
Property Plant Equipment190.7M172.9M162.0M181.4M163.2M313.9M
Other Liab31.2M10.0M5.0M3.8M4.4M4.1M
Net Tangible Assets747.7M767.2M777.0M750.9M863.5M740.6M
Deferred Long Term Liab13.4M16.5M30.0M58.1M66.8M70.2M
Total Current Assets929.2M1.0B877.6M789.8M896.8M740.0M
Non Current Assets Total302.2M224.2M232.7M271.0M338.1M225.3M
Non Currrent Assets Other6.9M12.4M20.4M10.9M24.8M17.5M
Non Current Liabilities Total58.8M10.0M7.2M5.7M4.8M4.5M
Net Invested Capital790.5M779.4M788.6M760.5M763.4M631.3M
Net Working Capital519.5M565.3M563.0M495.2M430.0M504.9M

Currently Active Assets on Macroaxis

Other Information on Investing in Hunan Stock

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