Xinyaqiang Net Income From Continuing Ops vs Interest Income Analysis

603155 Stock   13.09  0.20  1.55%   
Xinyaqiang Silicon financial indicator trend analysis is more than just analyzing Xinyaqiang Silicon current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinyaqiang Silicon is a good investment. Please check the relationship between Xinyaqiang Silicon Net Income From Continuing Ops and its Interest Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinyaqiang Silicon Chemistry. 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 From Continuing Ops vs Interest Income

Net Income From Continuing Ops vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xinyaqiang Silicon Net Income From Continuing Ops account and Interest Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Xinyaqiang Silicon's Net Income From Continuing Ops and Interest Income is -0.61. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Interest Income in the same time period over historical financial statements of Xinyaqiang Silicon Chemistry, assuming nothing else is changed. The correlation between historical values of Xinyaqiang Silicon's Net Income From Continuing Ops 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 From Continuing Ops of Xinyaqiang Silicon Chemistry 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 From Continuing Ops i.e., Xinyaqiang Silicon's Net Income From Continuing Ops and Interest Income go up and down completely randomly.

Correlation Coefficient

-0.61
Relationship DirectionNegative 
Relationship StrengthWeak

Net Income From Continuing Ops

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 Xinyaqiang Silicon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinyaqiang Silicon 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 Xinyaqiang Silicon Chemistry. 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 27.4 M. The current year's Selling General Administrative is expected to grow to about 6.7 M
 2022 2023 2024 2025 (projected)
Net Interest Income8.2M13.3M15.3M7.8M
Tax Provision44.8M18.2M16.4M27.4M

Xinyaqiang Silicon fundamental ratios Correlations

0.590.941.00.960.920.620.93-0.220.780.920.780.930.971.01.00.931.00.780.89-0.380.670.88-0.45
0.590.570.570.730.490.780.74-0.530.290.270.640.650.660.570.540.730.530.770.75-0.350.350.72-0.24
0.940.570.930.940.990.480.830.070.920.80.630.960.970.930.940.790.930.650.8-0.10.480.77-0.38
1.00.570.930.950.920.620.92-0.220.770.930.770.910.971.01.00.931.00.770.88-0.390.670.87-0.46
0.960.730.940.950.910.60.97-0.210.790.820.820.980.990.950.940.950.940.850.96-0.390.670.94-0.47
0.920.490.990.920.910.420.790.140.950.820.580.940.960.920.940.750.920.590.76-0.060.460.72-0.37
0.620.780.480.620.60.420.62-0.750.140.440.60.450.550.630.610.690.620.690.6-0.470.380.58-0.38
0.930.740.830.920.970.790.62-0.380.640.810.890.910.930.920.90.990.90.90.99-0.560.760.99-0.47
-0.22-0.530.07-0.22-0.210.14-0.75-0.380.42-0.15-0.52-0.01-0.1-0.23-0.17-0.47-0.2-0.56-0.380.74-0.42-0.40.25
0.780.290.920.770.790.950.140.640.420.720.450.880.850.770.80.570.780.440.630.080.380.6-0.36
0.920.270.80.930.820.820.440.81-0.150.720.710.780.840.930.930.830.940.650.77-0.440.720.77-0.49
0.780.640.630.770.820.580.60.89-0.520.450.710.740.750.770.730.90.740.980.92-0.820.940.93-0.75
0.930.650.960.910.980.940.450.91-0.010.880.780.740.980.910.910.870.890.760.91-0.260.60.88-0.43
0.970.660.970.970.990.960.550.93-0.10.850.840.750.980.970.960.90.950.770.91-0.290.610.89-0.42
1.00.570.931.00.950.920.630.92-0.230.770.930.770.910.971.00.931.00.770.88-0.390.670.87-0.46
1.00.540.941.00.940.940.610.9-0.170.80.930.730.910.961.00.91.00.730.85-0.330.630.84-0.44
0.930.730.790.930.950.750.690.99-0.470.570.830.90.870.90.930.90.90.910.98-0.620.780.98-0.5
1.00.530.931.00.940.920.620.9-0.20.780.940.740.890.951.01.00.90.740.85-0.360.640.84-0.45
0.780.770.650.770.850.590.690.9-0.560.440.650.980.760.770.770.730.910.740.94-0.770.870.94-0.7
0.890.750.80.880.960.760.60.99-0.380.630.770.920.910.910.880.850.980.850.94-0.610.81.0-0.54
-0.38-0.35-0.1-0.39-0.39-0.06-0.47-0.560.740.08-0.44-0.82-0.26-0.29-0.39-0.33-0.62-0.36-0.77-0.61-0.87-0.650.7
0.670.350.480.670.670.460.380.76-0.420.380.720.940.60.610.670.630.780.640.870.8-0.870.83-0.8
0.880.720.770.870.940.720.580.99-0.40.60.770.930.880.890.870.840.980.840.941.0-0.650.83-0.54
-0.45-0.24-0.38-0.46-0.47-0.37-0.38-0.470.25-0.36-0.49-0.75-0.43-0.42-0.46-0.44-0.5-0.45-0.7-0.540.7-0.8-0.54
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Xinyaqiang Silicon Account Relationship Matchups

Xinyaqiang Silicon fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets2.1B2.5B2.7B2.5B2.9B2.3B
Other Current Liab769.1K1.2M35.9M13.4M15.4M12.2M
Total Current Liabilities133.3M297.9M270.5M171.3M197.1M201.7M
Total Stockholder Equity2.0B2.2B2.3B2.2B2.6B2.1B
Retained Earnings438.7M640.7M756.7M641.8M738.0M622.8M
Accounts Payable119.0M268.8M205.1M136.5M157.0M166.8M
Cash395.0M236.6M455.4M323.5M372.0M374.6M
Non Current Assets Total317.4M444.3M645.0M640.9M737.1M504.0M
Non Currrent Assets Other7.0M26.1M5.6M5.9M5.3M9.0M
Net Receivables68.7M142.1M93.5M79.3M91.2M97.6M
Non Current Liabilities Total4.7M7.2M58.2M85.7M98.5M103.5M
Inventory94.2M191.8M189.5M157.6M181.3M158.7M
Total Liab138.0M305.0M328.7M257.0M295.6M237.1M
Net Invested Capital2.0B2.2B2.4B2.2B2.6B2.1B
Total Current Assets1.8B2.1B2.1B1.9B2.2B1.8B
Net Working Capital1.7B1.8B1.8B1.7B2.0B1.6B
Intangible Assets18.9M18.5M101.0M99.2M114.1M119.8M

Currently Active Assets on Macroaxis

Other Information on Investing in Xinyaqiang Stock

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