Sany Retained Earnings vs Good Will Analysis

688349 Stock   32.00  0.49  1.51%   
Sany Heavy financial indicator trend analysis is much more than just breaking down Sany Heavy Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sany Heavy Energy is a good investment. Please check the relationship between Sany Heavy Retained Earnings and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sany Heavy Energy. 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.

Retained Earnings vs Good Will

Retained Earnings vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sany Heavy Energy Retained Earnings account and Good Will. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Sany Heavy's Retained Earnings and Good Will is -0.64. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Good Will in the same time period over historical financial statements of Sany Heavy Energy, assuming nothing else is changed. The correlation between historical values of Sany Heavy's Retained Earnings and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Sany Heavy Energy are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Retained Earnings i.e., Sany Heavy's Retained Earnings and Good Will go up and down completely randomly.

Correlation Coefficient

-0.64
Relationship DirectionNegative 
Relationship StrengthWeak

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from Sany Heavy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sany Heavy Energy 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 Sany Heavy Energy. 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.
As of December 21, 2024, Tax Provision is expected to decline to about 269.8 M. In addition to that, Selling General Administrative is expected to decline to about 936.5 M
 2021 2022 2023 2024 (projected)
Interest Expense111.2M121.2M101.2M109.9M
Interest Income75.1M171M299.3M154.1M

Sany Heavy fundamental ratios Correlations

0.720.990.990.89-0.880.990.951.00.981.00.310.99-0.680.950.390.620.55-0.210.980.990.960.721.00.95-0.83
0.720.80.650.65-0.380.640.880.660.790.720.230.72-0.750.7-0.180.50.950.510.790.60.690.090.70.7-0.69
0.990.80.950.91-0.840.970.980.971.00.990.410.99-0.740.920.230.710.66-0.11.00.940.960.640.980.92-0.86
0.990.650.950.85-0.870.980.911.00.950.990.20.97-0.610.960.520.520.46-0.270.931.00.930.760.990.96-0.78
0.890.650.910.85-0.910.890.820.870.920.890.520.89-0.880.90.190.740.43-0.280.910.880.980.770.880.9-0.98
-0.88-0.38-0.84-0.87-0.91-0.92-0.72-0.89-0.86-0.88-0.52-0.880.62-0.83-0.42-0.71-0.180.6-0.85-0.91-0.93-0.93-0.88-0.830.83
0.990.640.970.980.89-0.920.920.990.970.990.370.99-0.640.930.410.660.48-0.310.970.990.960.780.990.93-0.82
0.950.880.980.910.82-0.720.920.930.970.950.320.96-0.70.890.170.630.780.080.970.890.90.480.950.89-0.79
1.00.660.971.00.87-0.890.990.930.971.00.270.98-0.630.950.460.580.49-0.270.961.00.950.761.00.95-0.8
0.980.791.00.950.92-0.860.970.970.970.990.420.99-0.760.930.230.710.64-0.121.00.950.970.650.980.93-0.88
1.00.720.990.990.89-0.880.990.951.00.990.330.99-0.670.950.380.630.55-0.210.980.980.960.721.00.95-0.83
0.310.230.410.20.52-0.520.370.320.270.420.330.41-0.450.14-0.490.930.25-0.250.470.250.470.290.280.14-0.52
0.990.720.990.970.89-0.880.990.960.980.990.990.41-0.670.910.310.70.58-0.210.990.970.960.70.990.91-0.83
-0.68-0.75-0.74-0.61-0.880.62-0.64-0.7-0.63-0.76-0.67-0.45-0.67-0.760.13-0.61-0.57-0.09-0.75-0.62-0.82-0.44-0.65-0.760.95
0.950.70.920.960.9-0.830.930.890.950.930.950.140.91-0.760.470.450.47-0.190.90.960.940.740.961.0-0.86
0.39-0.180.230.520.19-0.420.410.170.460.230.38-0.490.310.130.47-0.31-0.36-0.580.190.520.270.650.430.47-0.06
0.620.50.710.520.74-0.710.660.630.580.710.630.930.7-0.610.45-0.310.47-0.210.750.550.720.450.60.45-0.72
0.550.950.660.460.43-0.180.480.780.490.640.550.250.58-0.570.47-0.360.470.660.660.410.49-0.160.530.47-0.49
-0.210.51-0.1-0.27-0.280.6-0.310.08-0.27-0.12-0.21-0.25-0.21-0.09-0.19-0.58-0.210.66-0.12-0.35-0.27-0.79-0.23-0.190.16
0.980.791.00.930.91-0.850.970.970.961.00.980.470.99-0.750.90.190.750.66-0.120.930.970.630.970.9-0.87
0.990.60.941.00.88-0.910.990.891.00.950.980.250.97-0.620.960.520.550.41-0.350.930.940.810.990.96-0.8
0.960.690.960.930.98-0.930.960.90.950.970.960.470.96-0.820.940.270.720.49-0.270.970.940.770.950.94-0.95
0.720.090.640.760.77-0.930.780.480.760.650.720.290.7-0.440.740.650.45-0.16-0.790.630.810.770.730.74-0.67
1.00.70.980.990.88-0.880.990.951.00.981.00.280.99-0.650.960.430.60.53-0.230.970.990.950.730.96-0.81
0.950.70.920.960.9-0.830.930.890.950.930.950.140.91-0.761.00.470.450.47-0.190.90.960.940.740.96-0.86
-0.83-0.69-0.86-0.78-0.980.83-0.82-0.79-0.8-0.88-0.83-0.52-0.830.95-0.86-0.06-0.72-0.490.16-0.87-0.8-0.95-0.67-0.81-0.86
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Sany Heavy Account Relationship Matchups

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Other Information on Investing in Sany Stock

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