Ming Inventory vs Cash Analysis

601615 Stock

13.05 0.10 0.76%

Ming Yang financial indicator trend analysis is infinitely more than just investigating Ming Yang Smart recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ming Yang Smart is a good investment. Please check the relationship between Ming Yang Inventory and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ming Yang Smart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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 Ming Yang Smart Inventory account and Cash. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ming Yang's Inventory and Cash is 0.91. 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 Ming Yang Smart, assuming nothing else is changed. The correlation between historical values of Ming Yang'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 Ming Yang Smart 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., Ming Yang's Inventory and Cash go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Inventory

Cash

Cash refers to the most liquid asset of Ming Yang Smart, which is listed under current asset account on Ming Yang Smart balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ming Yang customers. The amounts must be unrestricted with restricted cash listed in a different Ming Yang 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 Ming Yang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ming Yang Smart 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 Ming Yang Smart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

The current year's Tax Provision is expected to grow to about (24.2 M). In addition to that, Selling General Administrative is expected to decline to about 1.4 B

	2021	2022	2023	2024 (projected)
Gross Profit	5.8B	6.1B	3.1B	3.6B
Total Revenue	27.2B	30.7B	27.9B	18.9B

Gross Profit Total Revenue

Ming Yang fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt	Intangible Assets
Total Assets		0.09	0.98	0.98	0.94	0.94	0.93	0.98	0.88	0.98	0.91	0.92	0.81	0.67	0.24	0.94	0.95	0.83	0.13	0.99	0.93	-0.82	0.99	0.77	-0.51	0.97
Other Current Liab	0.09		0.24	-0.02	0.23	0.05	-0.11	0.11	0.5	-0.08	-0.14	-0.07	-0.11	-0.57	0.04	0.0	0.29	0.35	0.58	0.17	0.09	-0.42	0.25	0.33	0.29	-0.09
Total Current Liabilities	0.98	0.24		0.94	0.93	0.93	0.89	0.98	0.92	0.93	0.88	0.9	0.73	0.58	0.16	0.89	0.98	0.88	0.16	0.99	0.91	-0.84	1.0	0.82	-0.48	0.9
Total Stockholder Equity	0.98	-0.02	0.94		0.92	0.92	0.94	0.96	0.81	0.98	0.93	0.91	0.75	0.72	0.21	0.9	0.92	0.75	0.02	0.95	0.9	-0.81	0.95	0.74	-0.46	0.96
Other Liab	0.94	0.23	0.93	0.92		0.89	0.84	0.93	0.9	0.91	0.82	0.82	0.7	0.46	0.39	0.87	0.96	0.75	0.14	0.94	0.9	-0.88	0.94	0.75	-0.36	0.87
Net Tangible Assets	0.94	0.05	0.93	0.92	0.89		0.98	0.93	0.85	0.91	0.97	0.98	0.72	0.57	0.22	0.87	0.92	0.79	0.04	0.93	0.98	-0.85	0.94	0.78	-0.68	0.88
Retained Earnings	0.93	-0.11	0.89	0.94	0.84	0.98		0.91	0.77	0.93	0.99	0.99	0.74	0.68	0.21	0.87	0.87	0.75	-0.03	0.91	0.96	-0.79	0.9	0.75	-0.68	0.9
Accounts Payable	0.98	0.11	0.98	0.96	0.93	0.93	0.91		0.84	0.96	0.91	0.92	0.72	0.65	0.18	0.88	0.97	0.86	0.0	0.97	0.91	-0.82	0.97	0.84	-0.47	0.91
Cash	0.88	0.5	0.92	0.81	0.9	0.85	0.77	0.84		0.79	0.73	0.76	0.68	0.28	0.27	0.82	0.91	0.83	0.47	0.91	0.87	-0.88	0.94	0.72	-0.4	0.79
Non Current Assets Total	0.98	-0.08	0.93	0.98	0.91	0.91	0.93	0.96	0.79		0.91	0.9	0.84	0.77	0.28	0.95	0.9	0.77	0.03	0.96	0.91	-0.74	0.94	0.71	-0.53	0.98
Non Currrent Assets Other	0.91	-0.14	0.88	0.93	0.82	0.97	0.99	0.91	0.73	0.91		0.99	0.67	0.69	0.12	0.82	0.87	0.71	-0.13	0.88	0.93	-0.78	0.88	0.73	-0.68	0.87
Other Assets	0.92	-0.07	0.9	0.91	0.82	0.98	0.99	0.92	0.76	0.9	0.99		0.7	0.65	0.16	0.84	0.88	0.78	-0.08	0.9	0.95	-0.78	0.9	0.79	-0.71	0.87
Long Term Debt	0.81	-0.11	0.73	0.75	0.7	0.72	0.74	0.72	0.68	0.84	0.67	0.7		0.69	0.53	0.95	0.62	0.71	0.32	0.83	0.79	-0.44	0.76	0.47	-0.62	0.89
Net Receivables	0.67	-0.57	0.58	0.72	0.46	0.57	0.68	0.65	0.28	0.77	0.69	0.65	0.69		-0.04	0.69	0.48	0.43	-0.24	0.63	0.52	-0.2	0.56	0.31	-0.5	0.78
Good Will	0.24	0.04	0.16	0.21	0.39	0.22	0.21	0.18	0.27	0.28	0.12	0.16	0.53	-0.04		0.45	0.15	0.25	0.2	0.26	0.38	-0.24	0.2	0.24	-0.17	0.28
Non Current Liabilities Total	0.94	0.0	0.89	0.9	0.87	0.87	0.87	0.88	0.82	0.95	0.82	0.84	0.95	0.69	0.45		0.82	0.79	0.25	0.95	0.91	-0.67	0.91	0.63	-0.6	0.97
Inventory	0.95	0.29	0.98	0.92	0.96	0.92	0.87	0.97	0.91	0.9	0.87	0.88	0.62	0.48	0.15	0.82		0.82	0.09	0.95	0.9	-0.91	0.98	0.82	-0.41	0.85
Other Current Assets	0.83	0.35	0.88	0.75	0.75	0.79	0.75	0.86	0.83	0.77	0.71	0.78	0.71	0.43	0.25	0.79	0.82		0.27	0.87	0.79	-0.69	0.87	0.89	-0.41	0.73
Other Stockholder Equity	0.13	0.58	0.16	0.02	0.14	0.04	-0.03	0.0	0.47	0.03	-0.13	-0.08	0.32	-0.24	0.2	0.25	0.09	0.27		0.19	0.12	-0.11	0.22	-0.05	0.05	0.14
Total Liab	0.99	0.17	0.99	0.95	0.94	0.93	0.91	0.97	0.91	0.96	0.88	0.9	0.83	0.63	0.26	0.95	0.95	0.87	0.19		0.93	-0.81	0.99	0.78	-0.53	0.95
Deferred Long Term Liab	0.93	0.09	0.91	0.9	0.9	0.98	0.96	0.91	0.87	0.91	0.93	0.95	0.79	0.52	0.38	0.91	0.9	0.79	0.12	0.93		-0.85	0.93	0.76	-0.7	0.89
Short Long Term Debt	-0.82	-0.42	-0.84	-0.81	-0.88	-0.85	-0.79	-0.82	-0.88	-0.74	-0.78	-0.78	-0.44	-0.2	-0.24	-0.67	-0.91	-0.69	-0.11	-0.81	-0.85		-0.86	-0.81	0.33	-0.68
Total Current Assets	0.99	0.25	1.0	0.95	0.94	0.94	0.9	0.97	0.94	0.94	0.88	0.9	0.76	0.56	0.2	0.91	0.98	0.87	0.22	0.99	0.93	-0.86		0.8	-0.48	0.92
Non Current Liabilities Other	0.77	0.33	0.82	0.74	0.75	0.78	0.75	0.84	0.72	0.71	0.73	0.79	0.47	0.31	0.24	0.63	0.82	0.89	-0.05	0.78	0.76	-0.81	0.8		-0.3	0.6
Short Term Debt	-0.51	0.29	-0.48	-0.46	-0.36	-0.68	-0.68	-0.47	-0.4	-0.53	-0.68	-0.71	-0.62	-0.5	-0.17	-0.6	-0.41	-0.41	0.05	-0.53	-0.7	0.33	-0.48	-0.3		-0.58
Intangible Assets	0.97	-0.09	0.9	0.96	0.87	0.88	0.9	0.91	0.79	0.98	0.87	0.87	0.89	0.78	0.28	0.97	0.85	0.73	0.14	0.95	0.89	-0.68	0.92	0.6	-0.58

Click cells to compare fundamentals

Ming Yang Account Relationship Matchups

Ming Yang fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	34.7B	51.6B	61.5B	68.9B	83.9B	49.5B
Other Current Liab	8.6B	13.0B	11.8B	617.9M	647.2M	614.8M
Total Current Liabilities	18.2B	27.0B	33.3B	28.4B	37.6B	24.1B
Total Stockholder Equity	6.7B	14.8B	18.4B	28.1B	27.4B	14.8B
Other Liab	1.7B	2.0B	5.1B	4.8B	5.5B	3.2B
Net Tangible Assets	3.5B	5.6B	13.6B	17.4B	20.0B	21.0B
Retained Earnings	1.3B	3.0B	5.9B	8.2B	7.8B	8.2B
Accounts Payable	7.5B	13.1B	19.4B	17.2B	22.5B	13.4B
Cash	10.8B	16.3B	14.1B	11.2B	13.0B	10.3B
Non Current Assets Total	12.1B	18.5B	23.9B	33.5B	40.5B	21.3B
Non Currrent Assets Other	330.2M	5.0B	9.5B	13.1B	13.1B	13.7B
Other Assets	3.0B	3.4B	5.9B	10.5B	12.0B	12.6B
Long Term Debt	7.7B	4.4B	4.7B	6.6B	11.5B	6.4B
Net Receivables	6.2B	3.7B	5.9B	10.8B	13.9B	8.0B
Good Will	129.2M	118.4M	79.1M	69.3M	68.6M	66.2M
Non Current Liabilities Total	9.4B	9.5B	9.7B	12.2B	17.9B	10.2B
Inventory	2.8B	8.5B	9.6B	8.0B	9.7B	6.0B
Other Current Assets	2.8B	1.3B	4.9B	1.9B	3.6B	2.1B
Other Stockholder Equity	42.1M	434.1M	263.5M	43.5M	50.0M	47.5M
Total Liab	27.6B	36.5B	43.0B	40.6B	55.4B	34.3B
Deferred Long Term Liab	171.7M	164.6M	378.4M	439.5M	505.4M	530.7M
Short Long Term Debt	1.4B	149M	98.5M	259.5M	863.5M	688.1M
Total Current Assets	22.6B	33.1B	37.6B	35.5B	43.4B	28.3B
Non Current Liabilities Other	753.9M	1.0B	3.9B	1.9B	1.7B	1.5B
Intangible Assets	1.1B	1.3B	1.2B	1.8B	2.3B	1.4B
Property Plant Equipment	6.2B	7.1B	10.8B	11.3B	13.0B	7.8B
Common Stock Shares Outstanding	1.4B	1.9B	2.0B	2.3B	2.3B	1.9B
Net Invested Capital	12.7B	19.3B	23.2B	35.0B	39.8B	23.2B
Net Working Capital	4.4B	6.1B	4.4B	7.1B	5.8B	4.7B
Capital Stock	1.4B	1.9B	2.0B	2.3B	2.3B	2.0B

Currently Active Assets on Macroaxis

C	Citigroup
GM	General Motors
F	Ford Motor
GM	General Motors
V	Visa Class A

Other Information on Investing in Ming Stock

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Ming Inventory vs Cash Analysis

Inventory vs Cash

Inventory vs Cash Correlation Analysis

Correlation Coefficient

Inventory

Cash

Ming Yang fundamental ratios Correlations

Ming Yang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ming Yang fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Ming Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Current Liabilities
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Non Currrent Assets Other	+ 0.99	Retained Earnings
Other Assets	+ 0.99	Retained Earnings

Short Long Term Debt	- 0.91	Inventory
Short Long Term Debt	- 0.88	Cash
Short Long Term Debt	- 0.88	Other Liab
Total Current Assets	- 0.86	Short Long Term Debt
Short Long Term Debt	- 0.85	Deferred Long Term Liab
Short Long Term Debt	- 0.85	Net Tangible Assets