Zhongyin Net Working Capital vs Inventory Analysis

605338 Stock

18.41 0.54 3.02%

Zhongyin Babi financial indicator trend analysis is more than just analyzing Zhongyin Babi Food current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhongyin Babi Food is a good investment. Please check the relationship between Zhongyin Babi Net Working Capital and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhongyin Babi Food. 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 Working Capital vs Inventory

Net Working Capital vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhongyin Babi Food Net Working Capital account and Inventory. At this time, the significance of the direction appears to have pay attention.

The correlation between Zhongyin Babi's Net Working Capital and Inventory is -0.81. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Inventory in the same time period over historical financial statements of Zhongyin Babi Food, assuming nothing else is changed. The correlation between historical values of Zhongyin Babi's Net Working Capital and Inventory 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 Working Capital of Zhongyin Babi Food are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Working Capital i.e., Zhongyin Babi's Net Working Capital and Inventory go up and down completely randomly.

Correlation Coefficient

-0.81

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Net Working Capital

Inventory

Most indicators from Zhongyin Babi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhongyin Babi Food 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 Zhongyin Babi Food. 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 77.8 M, whereas Selling General Administrative is forecasted to decline to about 110.8 M.

	2021	2022	2023	2024 (projected)
Net Interest Income	40.5M	31.9M	37.5M	32.6M
Tax Provision	104.9M	69.7M	66.7M	77.8M

Net Interest Income Tax Provision

Zhongyin Babi fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross	Non Current Liabilities Other	Short Term Investments	Short Long Term Debt
Total Assets		-0.95	0.98	1.0	0.97	0.95	0.87	0.95	0.88	0.94	0.97	0.97	-0.45	0.63	0.98	1.0	0.93	0.97	0.87	0.97	0.9	0.88	0.89	0.84	0.78	-0.79
Other Current Liab	-0.95		-0.97	-0.94	-0.87	-0.97	-0.87	-0.85	-0.75	-0.85	-0.94	-0.9	0.47	-0.57	-0.96	-0.95	-0.94	-0.94	-0.88	-0.9	-0.75	-0.72	-0.74	-0.64	-0.59	0.62
Total Current Liabilities	0.98	-0.97		0.97	0.95	0.97	0.83	0.94	0.85	0.93	0.94	0.97	-0.36	0.69	1.0	0.98	0.91	0.94	0.82	0.97	0.87	0.85	0.86	0.78	0.72	-0.74
Total Stockholder Equity	1.0	-0.94	0.97		0.97	0.95	0.89	0.94	0.87	0.94	0.98	0.95	-0.48	0.61	0.97	1.0	0.94	0.98	0.88	0.96	0.89	0.87	0.89	0.84	0.78	-0.79
Retained Earnings	0.97	-0.87	0.95	0.97		0.91	0.75	0.99	0.95	0.99	0.91	0.98	-0.27	0.68	0.96	0.97	0.83	0.91	0.74	0.99	0.97	0.94	0.97	0.93	0.89	-0.89
Accounts Payable	0.95	-0.97	0.97	0.95	0.91		0.79	0.91	0.85	0.91	0.93	0.92	-0.34	0.5	0.96	0.95	0.88	0.93	0.8	0.94	0.82	0.74	0.81	0.73	0.72	-0.76
Cash	0.87	-0.87	0.83	0.89	0.75	0.79		0.69	0.55	0.67	0.94	0.75	-0.81	0.5	0.81	0.89	0.98	0.94	1.0	0.73	0.62	0.67	0.62	0.57	0.45	-0.47
Non Current Assets Total	0.95	-0.85	0.94	0.94	0.99	0.91	0.69		0.98	1.0	0.87	0.98	-0.18	0.66	0.96	0.94	0.78	0.87	0.67	0.99	0.97	0.92	0.97	0.93	0.91	-0.91
Non Currrent Assets Other	0.88	-0.75	0.85	0.87	0.95	0.85	0.55	0.98		0.98	0.77	0.92	-0.04	0.55	0.87	0.87	0.65	0.77	0.54	0.95	0.96	0.88	0.96	0.94	0.97	-0.96
Net Receivables	0.94	-0.85	0.93	0.94	0.99	0.91	0.67	1.0	0.98		0.86	0.97	-0.15	0.63	0.95	0.94	0.77	0.86	0.66	0.99	0.97	0.91	0.97	0.93	0.92	-0.93
Common Stock Shares Outstanding	0.97	-0.94	0.94	0.98	0.91	0.93	0.94	0.87	0.77	0.86		0.89	-0.58	0.54	0.93	0.98	0.98	1.0	0.94	0.89	0.82	0.79	0.81	0.76	0.69	-0.71
Non Current Liabilities Total	0.97	-0.9	0.97	0.95	0.98	0.92	0.75	0.98	0.92	0.97	0.89		-0.25	0.76	0.99	0.96	0.83	0.89	0.73	0.99	0.94	0.94	0.94	0.88	0.81	-0.81
Inventory	-0.45	0.47	-0.36	-0.48	-0.27	-0.34	-0.81	-0.18	-0.04	-0.15	-0.58	-0.25		-0.08	-0.33	-0.47	-0.71	-0.58	-0.81	-0.21	-0.1	-0.19	-0.1	-0.08	0.01	-0.02
Other Current Assets	0.63	-0.57	0.69	0.61	0.68	0.5	0.5	0.66	0.55	0.63	0.54	0.76	-0.08		0.71	0.62	0.52	0.54	0.43	0.7	0.7	0.84	0.69	0.64	0.44	-0.43
Total Liab	0.98	-0.96	1.0	0.97	0.96	0.96	0.81	0.96	0.87	0.95	0.93	0.99	-0.33	0.71		0.98	0.89	0.93	0.8	0.98	0.9	0.88	0.89	0.81	0.75	-0.76
Net Invested Capital	1.0	-0.95	0.98	1.0	0.97	0.95	0.89	0.94	0.87	0.94	0.98	0.96	-0.47	0.62	0.98		0.94	0.98	0.88	0.96	0.89	0.87	0.88	0.83	0.77	-0.78
Total Current Assets	0.93	-0.94	0.91	0.94	0.83	0.88	0.98	0.78	0.65	0.77	0.98	0.83	-0.71	0.52	0.89	0.94		0.98	0.99	0.82	0.7	0.72	0.69	0.63	0.54	-0.56
Capital Stock	0.97	-0.94	0.94	0.98	0.91	0.93	0.94	0.87	0.77	0.86	1.0	0.89	-0.58	0.54	0.93	0.98	0.98		0.94	0.89	0.82	0.79	0.81	0.76	0.69	-0.71
Net Working Capital	0.87	-0.88	0.82	0.88	0.74	0.8	1.0	0.67	0.54	0.66	0.94	0.73	-0.81	0.43	0.8	0.88	0.99	0.94		0.71	0.6	0.62	0.59	0.54	0.44	-0.46
Intangible Assets	0.97	-0.9	0.97	0.96	0.99	0.94	0.73	0.99	0.95	0.99	0.89	0.99	-0.21	0.7	0.98	0.96	0.82	0.89	0.71		0.95	0.92	0.95	0.89	0.85	-0.86
Property Plant And Equipment Net	0.9	-0.75	0.87	0.89	0.97	0.82	0.62	0.97	0.96	0.97	0.82	0.94	-0.1	0.7	0.9	0.89	0.7	0.82	0.6	0.95		0.96	1.0	0.98	0.94	-0.94
Capital Lease Obligations	0.88	-0.72	0.85	0.87	0.94	0.74	0.67	0.92	0.88	0.91	0.79	0.94	-0.19	0.84	0.88	0.87	0.72	0.79	0.62	0.92	0.96		0.96	0.94	0.84	-0.82
Property Plant And Equipment Gross	0.89	-0.74	0.86	0.89	0.97	0.81	0.62	0.97	0.96	0.97	0.81	0.94	-0.1	0.69	0.89	0.88	0.69	0.81	0.59	0.95	1.0	0.96		0.99	0.94	-0.94
Non Current Liabilities Other	0.84	-0.64	0.78	0.84	0.93	0.73	0.57	0.93	0.94	0.93	0.76	0.88	-0.08	0.64	0.81	0.83	0.63	0.76	0.54	0.89	0.98	0.94	0.99		0.96	-0.95
Short Term Investments	0.78	-0.59	0.72	0.78	0.89	0.72	0.45	0.91	0.97	0.92	0.69	0.81	0.01	0.44	0.75	0.77	0.54	0.69	0.44	0.85	0.94	0.84	0.94	0.96		-0.99
Short Long Term Debt	-0.79	0.62	-0.74	-0.79	-0.89	-0.76	-0.47	-0.91	-0.96	-0.93	-0.71	-0.81	-0.02	-0.43	-0.76	-0.78	-0.56	-0.71	-0.46	-0.86	-0.94	-0.82	-0.94	-0.95	-0.99

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Zhongyin Babi Account Relationship Matchups

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Other Information on Investing in Zhongyin Stock

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

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Zhongyin Net Working Capital vs Inventory Analysis

Net Working Capital vs Inventory

Net Working Capital vs Inventory Correlation Analysis

Correlation Coefficient

Net Working Capital

Inventory

Zhongyin Babi fundamental ratios Correlations

Zhongyin Babi Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Currently Active Assets on Macroaxis

Other Information on Investing in Zhongyin Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Net Working Capital	+ 1.0	Cash
Net Receivables	+ 1.0	Non Current Assets Total

Short Long Term Debt	- 0.99	Short Term Investments
Accounts Payable	- 0.97	Other Current Liab
Total Current Liabilities	- 0.97	Other Current Liab
Short Long Term Debt	- 0.96	Non Currrent Assets Other
Total Liab	- 0.96	Other Current Liab
Short Long Term Debt	- 0.95	Non Current Liabilities Other