Ming Non Current Assets Total vs Total Assets Analysis

601615 Stock

10.83 0.01 0.09%

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 Non Current Assets Total and its Total Assets 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.

Non Current Assets Total vs Total Assets

Non Current Assets Total vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ming Yang Smart Non Current Assets Total account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Ming Yang's Non Current Assets Total and Total Assets is 0.89. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Assets 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 Non Current Assets Total and Total 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 Current Assets Total of Ming Yang Smart are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Non Current Assets Total i.e., Ming Yang's Non Current Assets Total and Total Assets go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

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Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Total Assets

Total assets refers to the total amount of Ming Yang assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ming Yang Smart books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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 (27.8 M). In addition to that, Selling General Administrative is expected to decline to about 1.4 B

	2022	2023	2024	2025 (projected)
Gross Profit	6.1B	3.1B	3.6B	3.6B
Total Revenue	30.7B	27.9B	32.0B	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		-0.07	0.99	0.91	0.93	0.92	0.91	0.99	0.88	0.89	0.9	0.91	0.79	0.8	0.19	0.87	0.96	0.87	0.05	0.99	0.91	-0.74	0.99	0.75	-0.44	0.98
Other Current Liab	-0.07		0.06	-0.22	0.14	-0.02	-0.21	-0.05	0.36	-0.28	-0.24	-0.14	-0.3	-0.57	0.04	-0.23	0.13	0.2	0.59	-0.01	0.01	-0.37	0.07	0.25	0.27	-0.22
Total Current Liabilities	0.99	0.06		0.88	0.93	0.92	0.89	0.99	0.91	0.86	0.88	0.9	0.75	0.73	0.12	0.84	0.98	0.9	0.08	0.99	0.9	-0.77	1.0	0.8	-0.42	0.94
Total Stockholder Equity	0.91	-0.22	0.88		0.84	0.98	1.0	0.89	0.79	0.99	0.99	0.98	0.87	0.73	0.15	0.95	0.87	0.75	-0.06	0.89	0.95	-0.74	0.89	0.7	-0.68	0.89
Other Liab	0.93	0.14	0.93	0.84		0.9	0.84	0.92	0.92	0.8	0.82	0.84	0.66	0.56	0.35	0.77	0.96	0.79	0.1	0.92	0.91	-0.88	0.94	0.77	-0.33	0.86
Net Tangible Assets	0.92	-0.02	0.92	0.98	0.9		0.98	0.91	0.88	0.95	0.97	0.99	0.82	0.62	0.19	0.92	0.93	0.82	0.01	0.91	0.98	-0.85	0.93	0.8	-0.63	0.86
Retained Earnings	0.91	-0.21	0.89	1.0	0.84	0.98		0.9	0.79	0.98	0.99	0.99	0.87	0.73	0.17	0.94	0.87	0.79	-0.08	0.9	0.96	-0.75	0.9	0.75	-0.67	0.89
Accounts Payable	0.99	-0.05	0.99	0.89	0.92	0.91	0.9		0.85	0.87	0.9	0.91	0.74	0.79	0.13	0.83	0.97	0.88	-0.05	0.98	0.89	-0.74	0.98	0.81	-0.41	0.94
Cash	0.88	0.36	0.91	0.79	0.92	0.88	0.79	0.85		0.76	0.76	0.8	0.68	0.45	0.24	0.78	0.92	0.85	0.4	0.9	0.89	-0.86	0.94	0.75	-0.4	0.81
Non Current Assets Total	0.89	-0.28	0.86	0.99	0.8	0.95	0.98	0.87	0.76		0.98	0.97	0.93	0.75	0.19	0.98	0.83	0.75	-0.06	0.88	0.94	-0.66	0.87	0.65	-0.73	0.89
Non Currrent Assets Other	0.9	-0.24	0.88	0.99	0.82	0.97	0.99	0.9	0.76	0.98		0.99	0.83	0.74	0.09	0.92	0.87	0.75	-0.15	0.88	0.93	-0.74	0.88	0.73	-0.66	0.87
Other Assets	0.91	-0.14	0.9	0.98	0.84	0.99	0.99	0.91	0.8	0.97	0.99		0.83	0.68	0.14	0.91	0.89	0.82	-0.1	0.89	0.96	-0.78	0.9	0.81	-0.66	0.85
Long Term Debt	0.79	-0.3	0.75	0.87	0.66	0.82	0.87	0.74	0.68	0.93	0.83	0.83		0.71	0.35	0.98	0.67	0.71	0.13	0.81	0.85	-0.45	0.76	0.5	-0.78	0.84
Net Receivables	0.8	-0.57	0.73	0.73	0.56	0.62	0.73	0.79	0.45	0.75	0.74	0.68	0.71		-0.05	0.71	0.64	0.59	-0.23	0.77	0.58	-0.24	0.72	0.39	-0.4	0.88
Good Will	0.19	0.04	0.12	0.15	0.35	0.19	0.17	0.13	0.24	0.19	0.09	0.14	0.35	-0.05		0.3	0.12	0.21	0.2	0.2	0.35	-0.24	0.16	0.23	-0.15	0.2
Non Current Liabilities Total	0.87	-0.23	0.84	0.95	0.77	0.92	0.94	0.83	0.78	0.98	0.92	0.91	0.98	0.71	0.3		0.79	0.76	0.09	0.88	0.93	-0.61	0.85	0.6	-0.77	0.89
Inventory	0.96	0.13	0.98	0.87	0.96	0.93	0.87	0.97	0.92	0.83	0.87	0.89	0.67	0.64	0.12	0.79		0.86	0.04	0.96	0.9	-0.86	0.98	0.82	-0.38	0.89
Other Current Assets	0.87	0.2	0.9	0.75	0.79	0.82	0.79	0.88	0.85	0.75	0.75	0.82	0.71	0.59	0.21	0.76	0.86		0.2	0.9	0.82	-0.67	0.9	0.88	-0.38	0.79
Other Stockholder Equity	0.05	0.59	0.08	-0.06	0.1	0.01	-0.08	-0.05	0.4	-0.06	-0.15	-0.1	0.13	-0.23	0.2	0.09	0.04	0.2		0.1	0.08	-0.1	0.13	-0.07	0.04	0.05
Total Liab	0.99	-0.01	0.99	0.89	0.92	0.91	0.9	0.98	0.9	0.88	0.88	0.89	0.81	0.77	0.2	0.88	0.96	0.9	0.1		0.91	-0.73	0.99	0.76	-0.46	0.97
Deferred Long Term Liab	0.91	0.01	0.9	0.95	0.91	0.98	0.96	0.89	0.89	0.94	0.93	0.96	0.85	0.58	0.35	0.93	0.9	0.82	0.08	0.91		-0.85	0.92	0.79	-0.65	0.86
Short Long Term Debt	-0.74	-0.37	-0.77	-0.74	-0.88	-0.85	-0.75	-0.74	-0.86	-0.66	-0.74	-0.78	-0.45	-0.24	-0.24	-0.61	-0.86	-0.67	-0.1	-0.73	-0.85		-0.79	-0.81	0.34	-0.62
Total Current Assets	0.99	0.07	1.0	0.89	0.94	0.93	0.9	0.98	0.94	0.87	0.88	0.9	0.76	0.72	0.16	0.85	0.98	0.9	0.13	0.99	0.92	-0.79		0.79	-0.43	0.94
Non Current Liabilities Other	0.75	0.25	0.8	0.7	0.77	0.8	0.75	0.81	0.75	0.65	0.73	0.81	0.5	0.39	0.23	0.6	0.82	0.88	-0.07	0.76	0.79	-0.81	0.79		-0.31	0.62
Short Term Debt	-0.44	0.27	-0.42	-0.68	-0.33	-0.63	-0.67	-0.41	-0.4	-0.73	-0.66	-0.66	-0.78	-0.4	-0.15	-0.77	-0.38	-0.38	0.04	-0.46	-0.65	0.34	-0.43	-0.31		-0.48
Intangible Assets	0.98	-0.22	0.94	0.89	0.86	0.86	0.89	0.94	0.81	0.89	0.87	0.85	0.84	0.88	0.2	0.89	0.89	0.79	0.05	0.97	0.86	-0.62	0.94	0.62	-0.48

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Ming Yang Account Relationship Matchups

Ming Yang fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	51.6B	61.5B	68.9B	83.9B	96.4B	49.5B
Other Current Liab	13.0B	11.8B	617.9M	647.2M	744.3M	707.0M
Total Current Liabilities	27.0B	33.3B	28.4B	37.6B	43.2B	24.1B
Total Stockholder Equity	14.8B	18.4B	28.1B	27.4B	31.5B	33.1B
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	3.0B	5.9B	8.2B	7.8B	9.0B	9.4B
Accounts Payable	13.1B	19.4B	17.2B	22.5B	25.9B	13.4B
Cash	16.3B	14.1B	11.2B	13.0B	14.9B	10.3B
Non Current Assets Total	18.5B	23.9B	33.5B	40.5B	46.6B	48.9B
Non Currrent Assets Other	5.0B	9.5B	13.1B	13.1B	15.0B	15.8B
Other Assets	3.0B	3.4B	5.9B	10.5B	12.0B	12.6B
Long Term Debt	4.4B	4.7B	6.6B	11.5B	13.2B	13.9B
Net Receivables	3.7B	5.9B	10.8B	13.9B	16.0B	8.0B
Non Current Liabilities Total	9.5B	9.7B	12.2B	17.9B	20.5B	21.6B
Inventory	8.5B	9.6B	8.0B	9.7B	11.1B	6.0B
Other Current Assets	1.3B	4.9B	1.9B	3.6B	4.2B	2.1B
Other Stockholder Equity	42.1M	434.1M	263.5M	43.5M	50.0M	47.5M
Total Liab	36.5B	43.0B	40.6B	55.4B	63.7B	34.3B
Deferred Long Term Liab	171.7M	164.6M	378.4M	439.5M	505.4M	530.7M
Short Long Term Debt	149M	98.5M	259.5M	863.5M	777.2M	688.1M
Total Current Assets	33.1B	37.6B	35.5B	43.4B	49.9B	28.3B
Non Current Liabilities Other	1.0B	3.9B	1.9B	1.7B	2.0B	1.5B
Intangible Assets	1.3B	1.2B	1.8B	2.3B	2.6B	1.4B
Property Plant Equipment	6.2B	7.1B	10.8B	11.3B	13.0B	7.8B
Common Stock Shares Outstanding	1.9B	2.0B	2.3B	2.3B	2.6B	1.9B
Net Invested Capital	19.3B	23.2B	35.0B	39.8B	45.7B	23.2B
Net Working Capital	6.1B	4.4B	7.1B	5.8B	6.7B	4.7B
Capital Stock	1.9B	2.0B	2.3B	2.3B	2.6B	2.0B
Property Plant And Equipment Net	10.8B	11.3B	16.5B	22.6B	26.0B	15.0B
Property Plant And Equipment Gross	12.5B	13.3B	19.2B	25.8B	29.7B	17.4B

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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.

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Ming Non Current Assets Total vs Total Assets Analysis

Non Current Assets Total vs Total Assets

Non Current Assets Total vs Total Assets Correlation Analysis

Correlation Coefficient

Non Current Assets Total

Total Assets

Ming Yang fundamental ratios Correlations

Ming Yang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ming Yang fundamental ratios Accounts

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Other Information on Investing in Ming Stock

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Total Current Assets	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity
Total Current Liabilities	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets

Short Long Term Debt	- 0.88	Other Liab
Short Long Term Debt	- 0.86	Inventory
Short Long Term Debt	- 0.86	Cash
Short Long Term Debt	- 0.85	Deferred Long Term Liab
Short Long Term Debt	- 0.85	Net Tangible Assets
Non Current Liabilities Other	- 0.81	Short Long Term Debt