Ningbo Change In Working Capital vs Change To Operating Activities Analysis

601137 Stock

18.98 0.69 3.51%

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

Change In Working Capital vs Change To Operating Activities

Change In Working Capital vs Change To Operating Activities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Boway Alloy Change In Working Capital account and Change To Operating Activities. At this time, the significance of the direction appears to have strong relationship.

The correlation between Ningbo Boway's Change In Working Capital and Change To Operating Activities is 0.78. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Change To Operating Activities in the same time period over historical financial statements of Ningbo Boway Alloy, assuming nothing else is changed. The correlation between historical values of Ningbo Boway's Change In Working Capital and Change To Operating Activities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of Ningbo Boway Alloy are associated (or correlated) with its Change To Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Operating Activities has no effect on the direction of Change In Working Capital i.e., Ningbo Boway's Change In Working Capital and Change To Operating Activities go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Change To Operating Activities

Most indicators from Ningbo Boway's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Boway Alloy 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 Boway Alloy. 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 Selling General Administrative is expected to grow to about 500.2 M. The current year's Tax Provision is expected to grow to about 195.7 M

	2022	2023	2024	2025 (projected)
Operating Income	876.8M	1.9B	2.1B	2.2B
Total Revenue	13.4B	17.8B	20.4B	21.4B

Operating Income Total Revenue

Ningbo Boway fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Assets	Short Term Investments	Other Liab	Long Term Debt	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Good Will	Non Current Liabilities Total
Total Assets		0.03	0.99	0.99	0.99	0.98	0.94	0.98	0.99	0.67	0.99	0.94	0.87	0.97	0.72	-0.23	0.88	0.95	0.88	-0.86	0.75	0.99	0.91	0.61	-0.83	0.97
Other Current Liab	0.03		0.12	0.05	0.05	-0.07	-0.17	0.02	-0.02	0.26	0.02	0.19	0.22	0.22	0.42	-0.04	0.3	-0.24	0.32	-0.21	0.18	-0.07	0.27	0.26	0.0	-0.17
Total Current Liabilities	0.99	0.12		0.97	0.98	0.97	0.91	0.97	0.99	0.68	0.99	0.94	0.86	0.97	0.73	-0.22	0.89	0.93	0.89	-0.87	0.76	0.98	0.93	0.61	-0.84	0.95
Total Stockholder Equity	0.99	0.05	0.97		0.98	0.95	0.92	0.97	0.96	0.67	0.97	0.96	0.91	0.98	0.74	-0.19	0.89	0.9	0.88	-0.83	0.7	0.96	0.89	0.63	-0.78	0.93
Retained Earnings	0.99	0.05	0.98	0.98		0.96	0.95	0.99	0.97	0.59	0.98	0.96	0.87	0.96	0.76	-0.27	0.9	0.93	0.87	-0.82	0.72	0.98	0.9	0.69	-0.79	0.95
Accounts Payable	0.98	-0.07	0.97	0.95	0.96		0.92	0.96	0.99	0.66	0.99	0.88	0.83	0.93	0.63	-0.24	0.82	0.97	0.84	-0.84	0.7	0.98	0.89	0.53	-0.83	0.98
Cash	0.94	-0.17	0.91	0.92	0.95	0.92		0.94	0.93	0.43	0.93	0.84	0.73	0.84	0.57	-0.29	0.74	0.94	0.72	-0.75	0.71	0.97	0.78	0.58	-0.83	0.95
Net Receivables	0.98	0.02	0.97	0.97	0.99	0.96	0.94		0.97	0.56	0.98	0.96	0.88	0.95	0.75	-0.26	0.91	0.93	0.85	-0.79	0.66	0.97	0.88	0.69	-0.76	0.95
Inventory	0.99	-0.02	0.99	0.96	0.97	0.99	0.93	0.97		0.68	1.0	0.91	0.83	0.95	0.66	-0.22	0.84	0.97	0.86	-0.87	0.76	0.99	0.9	0.55	-0.85	0.98
Other Current Assets	0.67	0.26	0.68	0.67	0.59	0.66	0.43	0.56	0.68		0.66	0.6	0.67	0.73	0.5	0.02	0.6	0.57	0.81	-0.77	0.61	0.59	0.79	0.25	-0.53	0.58
Total Liab	0.99	0.02	0.99	0.97	0.98	0.99	0.93	0.98	1.0	0.66		0.92	0.83	0.95	0.69	-0.25	0.86	0.96	0.86	-0.86	0.77	0.99	0.92	0.59	-0.86	0.98
Intangible Assets	0.94	0.19	0.94	0.96	0.96	0.88	0.84	0.96	0.91	0.6	0.92		0.93	0.97	0.88	-0.18	0.96	0.82	0.87	-0.73	0.61	0.9	0.88	0.79	-0.68	0.86
Common Stock	0.87	0.22	0.86	0.91	0.87	0.83	0.73	0.88	0.83	0.67	0.83	0.93		0.93	0.8	-0.12	0.92	0.71	0.88	-0.69	0.43	0.8	0.82	0.67	-0.55	0.75
Property Plant Equipment	0.97	0.22	0.97	0.98	0.96	0.93	0.84	0.95	0.95	0.73	0.95	0.97	0.93		0.8	-0.21	0.95	0.85	0.92	-0.86	0.7	0.92	0.93	0.65	-0.75	0.88
Other Assets	0.72	0.42	0.73	0.74	0.76	0.63	0.57	0.75	0.66	0.5	0.69	0.88	0.8	0.8		-0.24	0.93	0.54	0.76	-0.51	0.48	0.63	0.77	0.9	-0.41	0.6
Short Term Investments	-0.23	-0.04	-0.22	-0.19	-0.27	-0.24	-0.29	-0.26	-0.22	0.02	-0.25	-0.18	-0.12	-0.21	-0.24		-0.31	-0.23	-0.23	0.32	-0.31	-0.26	-0.3	-0.3	0.13	-0.29
Other Liab	0.88	0.3	0.89	0.89	0.9	0.82	0.74	0.91	0.84	0.6	0.86	0.96	0.92	0.95	0.93	-0.31		0.73	0.88	-0.71	0.56	0.82	0.88	0.81	-0.57	0.78
Long Term Debt	0.95	-0.24	0.93	0.9	0.93	0.97	0.94	0.93	0.97	0.57	0.96	0.82	0.71	0.85	0.54	-0.23	0.73		0.74	-0.79	0.72	0.98	0.81	0.49	-0.85	1.0
Net Tangible Assets	0.88	0.32	0.89	0.88	0.87	0.84	0.72	0.85	0.86	0.81	0.86	0.87	0.88	0.92	0.76	-0.23	0.88	0.74		-0.85	0.65	0.82	0.97	0.65	-0.6	0.78
Other Stockholder Equity	-0.86	-0.21	-0.87	-0.83	-0.82	-0.84	-0.75	-0.79	-0.87	-0.77	-0.86	-0.73	-0.69	-0.86	-0.51	0.32	-0.71	-0.79	-0.85		-0.85	-0.84	-0.89	-0.32	0.76	-0.82
Deferred Long Term Liab	0.75	0.18	0.76	0.7	0.72	0.7	0.71	0.66	0.76	0.61	0.77	0.61	0.43	0.7	0.48	-0.31	0.56	0.72	0.65	-0.85		0.76	0.76	0.33	-0.86	0.74
Total Current Assets	0.99	-0.07	0.98	0.96	0.98	0.98	0.97	0.97	0.99	0.59	0.99	0.9	0.8	0.92	0.63	-0.26	0.82	0.98	0.82	-0.84	0.76		0.88	0.57	-0.86	0.99
Non Current Assets Total	0.91	0.27	0.93	0.89	0.9	0.89	0.78	0.88	0.9	0.79	0.92	0.88	0.82	0.93	0.77	-0.3	0.88	0.81	0.97	-0.89	0.76	0.88		0.66	-0.7	0.85
Non Currrent Assets Other	0.61	0.26	0.61	0.63	0.69	0.53	0.58	0.69	0.55	0.25	0.59	0.79	0.67	0.65	0.9	-0.3	0.81	0.49	0.65	-0.32	0.33	0.57	0.66		-0.27	0.53
Good Will	-0.83	0.0	-0.84	-0.78	-0.79	-0.83	-0.83	-0.76	-0.85	-0.53	-0.86	-0.68	-0.55	-0.75	-0.41	0.13	-0.57	-0.85	-0.6	0.76	-0.86	-0.86	-0.7	-0.27		-0.84
Non Current Liabilities Total	0.97	-0.17	0.95	0.93	0.95	0.98	0.95	0.95	0.98	0.58	0.98	0.86	0.75	0.88	0.6	-0.29	0.78	1.0	0.78	-0.82	0.74	0.99	0.85	0.53	-0.84

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Ningbo Boway Account Relationship Matchups

Ningbo Boway fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	9.1B	11.8B	14.5B	16.3B	18.8B	19.7B
Other Current Liab	708.4M	986.1M	3.0M	3.8M	4.4M	4.2M
Total Current Liabilities	3.4B	5.4B	5.8B	6.3B	7.3B	7.6B
Total Stockholder Equity	5.2B	5.4B	6.0B	7.1B	8.2B	8.6B
Retained Earnings	1.9B	2.1B	2.4B	3.3B	3.8B	4.0B
Accounts Payable	705.4M	1.3B	2.1B	2.0B	2.3B	2.4B
Cash	784.6M	1.2B	1.5B	3.1B	3.6B	3.8B
Net Receivables	963.5M	1.2B	1.4B	1.7B	2.0B	2.1B
Inventory	2.0B	3.3B	4.8B	4.8B	5.5B	5.8B
Other Current Assets	378.0M	380.2M	509.2M	314.6M	361.7M	229.9M
Total Liab	3.9B	6.4B	8.5B	9.2B	10.6B	11.2B
Intangible Assets	289.0M	281.1M	281.7M	354.8M	408.1M	428.5M
Property Plant Equipment	2.6B	3.1B	4.1B	5.0B	5.7B	6.0B
Other Assets	242.9M	384.4M	354.0M	238.3M	274.0M	287.7M
Other Liab	184.8M	221.0M	210.6M	214.1M	246.3M	258.6M
Long Term Debt	284.1M	704.4M	2.4B	2.5B	2.9B	3.0B
Net Tangible Assets	3.5B	3.5B	4.9B	5.1B	5.9B	4.0B
Other Stockholder Equity	13.0M	25.0M	(61.8M)	(96.2M)	(86.6M)	(82.3M)
Deferred Long Term Liab	6.0M	31.0M	89.1M	89.1M	102.5M	107.6M
Total Current Assets	4.3B	6.3B	8.7B	10.5B	12.1B	12.7B
Non Current Assets Total	4.8B	5.5B	5.8B	5.8B	6.7B	4.5B
Non Currrent Assets Other	219.7M	103.6M	82.3M	220.2M	253.3M	165.0M
Good Will	13.4M	12.0M	12.1M	12.5M	11.3M	10.6M
Non Current Liabilities Total	568.5M	1.0B	2.7B	2.9B	3.4B	3.5B
Short Long Term Debt	1.8B	2.8B	1.4B	1.6B	1.9B	1.5B
Non Current Liabilities Other	4.2M	4.5M	4.1M	2.7M	2.5M	2.3M
Net Debt	1.3B	2.3B	2.3B	1.0B	1.2B	1.4B
Net Invested Capital	7.3B	8.9B	9.8B	11.3B	13.0B	8.3B
Net Working Capital	982.7M	913.7M	2.9B	4.2B	4.8B	5.1B
Property Plant And Equipment Net	4.1B	5.0B	5.3B	5.0B	5.7B	4.9B
Property Plant And Equipment Gross	5.2B	6.3B	7.2B	7.0B	8.1B	6.5B

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Balance Sheet is a snapshot of the financial position of Ningbo Boway Alloy at a specified time, usually calculated after every quarter, six months, or one year. Ningbo Boway Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo Boway 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 Change In Working Capital vs Change To Operating Activities Analysis

Change In Working Capital vs Change To Operating Activities

Change In Working Capital vs Change To Operating Activities Correlation Analysis

Correlation Coefficient

Change In Working Capital

Change To Operating Activities

Ningbo Boway fundamental ratios Correlations

Ningbo Boway Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningbo Boway fundamental ratios Accounts

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Other Information on Investing in Ningbo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Inventory
Non Current Liabilities Total	+ 1.0	Long Term Debt
Total Current Liabilities	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Inventory	+ 0.99	Total Assets

Non Current Assets Total	- 0.89	Other Stockholder Equity
Other Stockholder Equity	- 0.87	Inventory
Other Stockholder Equity	- 0.87	Total Current Liabilities
Good Will	- 0.86	Total Current Assets
Good Will	- 0.86	Deferred Long Term Liab
Other Stockholder Equity	- 0.86	Property Plant Equipment