Suzhou Net Receivables vs Non Currrent Assets Other Analysis

688355 Stock

19.20 0.94 4.67%

Suzhou Mingzhi financial indicator trend analysis is much more than just breaking down Suzhou Mingzhi Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Suzhou Mingzhi Technology is a good investment. Please check the relationship between Suzhou Mingzhi Net Receivables and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Suzhou Mingzhi Technology. 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 Receivables vs Non Currrent Assets Other

Net Receivables vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Suzhou Mingzhi Technology Net Receivables account and Non Currrent Assets Other. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Suzhou Mingzhi's Net Receivables and Non Currrent Assets Other is 0.91. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Suzhou Mingzhi Technology, assuming nothing else is changed. The correlation between historical values of Suzhou Mingzhi's Net Receivables and Non Currrent Assets Other 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 Receivables of Suzhou Mingzhi Technology are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Receivables i.e., Suzhou Mingzhi's Net Receivables and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Receivables

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Most indicators from Suzhou Mingzhi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Suzhou Mingzhi Technology 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 Suzhou Mingzhi Technology. 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 (3.6 M). In addition to that, Selling General Administrative is expected to decline to about 23.5 M

	2022	2023	2024	2025 (projected)
Interest Expense	2.6M	2.9M	2.6M	2.2M
Interest Income	3.1M	2.3M	2.7M	2.6M

Interest Expense Interest Income

Suzhou Mingzhi 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	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Non Current Liabilities Other	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross
Total Assets		-0.87	-0.72	1.0	0.97	0.86	0.68	0.85	0.76	0.73	0.91	0.99	-0.9	0.51	0.77	-0.76	1.0	-0.54	0.98	0.99	0.79	0.98	0.86	0.81	0.83	0.84
Other Current Liab	-0.87		0.86	-0.89	-0.95	-0.82	-0.73	-0.73	-0.67	-0.69	-0.72	-0.85	0.84	-0.29	-0.75	0.89	-0.88	0.64	-0.86	-0.85	-0.58	-0.89	-0.75	-0.7	-0.78	-0.73
Total Current Liabilities	-0.72	0.86		-0.74	-0.81	-0.68	-0.92	-0.69	-0.3	-0.83	-0.51	-0.76	0.74	-0.12	-0.8	1.0	-0.71	0.84	-0.68	-0.76	-0.53	-0.71	-0.67	-0.71	-0.7	-0.73
Total Stockholder Equity	1.0	-0.89	-0.74		0.98	0.87	0.7	0.84	0.75	0.72	0.89	0.98	-0.91	0.46	0.75	-0.78	1.0	-0.59	0.98	0.98	0.78	0.99	0.84	0.8	0.81	0.84
Retained Earnings	0.97	-0.95	-0.81	0.98		0.89	0.74	0.8	0.72	0.72	0.84	0.95	-0.92	0.35	0.74	-0.85	0.97	-0.66	0.96	0.95	0.7	0.98	0.8	0.77	0.78	0.8
Accounts Payable	0.86	-0.82	-0.68	0.87	0.89		0.5	0.49	0.81	0.58	0.92	0.83	-0.98	0.24	0.49	-0.73	0.86	-0.64	0.93	0.83	0.39	0.93	0.52	0.44	0.56	0.5
Cash	0.68	-0.73	-0.92	0.7	0.74	0.5		0.8	0.1	0.85	0.38	0.74	-0.59	0.12	0.77	-0.91	0.67	-0.81	0.59	0.74	0.68	0.62	0.73	0.83	0.64	0.83
Non Current Assets Total	0.85	-0.73	-0.69	0.84	0.8	0.49	0.8		0.41	0.79	0.6	0.89	-0.58	0.6	0.89	-0.7	0.85	-0.41	0.74	0.89	0.98	0.74	0.98	0.99	0.89	1.0
Non Currrent Assets Other	0.76	-0.67	-0.3	0.75	0.72	0.81	0.1	0.41		0.32	0.91	0.68	-0.76	0.53	0.38	-0.36	0.77	-0.11	0.83	0.68	0.37	0.81	0.5	0.32	0.58	0.38
Long Term Debt	0.73	-0.69	-0.83	0.72	0.72	0.58	0.85	0.79	0.32		0.58	0.81	-0.61	0.53	0.84	-0.83	0.72	-0.56	0.66	0.81	0.71	0.65	0.81	0.81	0.78	0.83
Net Receivables	0.91	-0.72	-0.51	0.89	0.84	0.92	0.38	0.6	0.91	0.58		0.88	-0.91	0.56	0.56	-0.57	0.9	-0.37	0.95	0.88	0.57	0.93	0.65	0.54	0.69	0.59
Common Stock Shares Outstanding	0.99	-0.85	-0.76	0.98	0.95	0.83	0.74	0.89	0.68	0.81	0.88		-0.87	0.54	0.82	-0.79	0.98	-0.57	0.96	1.0	0.84	0.95	0.89	0.86	0.86	0.89
Non Current Liabilities Total	-0.9	0.84	0.74	-0.91	-0.92	-0.98	-0.59	-0.58	-0.76	-0.61	-0.91	-0.87		-0.23	-0.58	0.79	-0.89	0.71	-0.95	-0.87	-0.48	-0.96	-0.58	-0.54	-0.62	-0.59
Inventory	0.51	-0.29	-0.12	0.46	0.35	0.24	0.12	0.6	0.53	0.53	0.56	0.54	-0.23		0.6	-0.14	0.52	0.32	0.45	0.54	0.67	0.39	0.72	0.57	0.74	0.58
Other Current Assets	0.77	-0.75	-0.8	0.75	0.74	0.49	0.77	0.89	0.38	0.84	0.56	0.82	-0.58	0.6		-0.8	0.76	-0.44	0.67	0.82	0.84	0.67	0.9	0.91	0.96	0.92
Total Liab	-0.76	0.89	1.0	-0.78	-0.85	-0.73	-0.91	-0.7	-0.36	-0.83	-0.57	-0.79	0.79	-0.14	-0.8		-0.75	0.85	-0.73	-0.79	-0.54	-0.76	-0.67	-0.71	-0.71	-0.74
Net Invested Capital	1.0	-0.88	-0.71	1.0	0.97	0.86	0.67	0.85	0.77	0.72	0.9	0.98	-0.89	0.52	0.76	-0.75		-0.53	0.98	0.98	0.79	0.98	0.86	0.81	0.84	0.84
Short Long Term Debt	-0.54	0.64	0.84	-0.59	-0.66	-0.64	-0.81	-0.41	-0.11	-0.56	-0.37	-0.57	0.71	0.32	-0.44	0.85	-0.53		-0.55	-0.57	-0.26	-0.6	-0.31	-0.43	-0.28	-0.45
Total Current Assets	0.98	-0.86	-0.68	0.98	0.96	0.93	0.59	0.74	0.83	0.66	0.95	0.96	-0.95	0.45	0.67	-0.73	0.98	-0.55		0.96	0.68	1.0	0.76	0.69	0.75	0.73
Capital Stock	0.99	-0.85	-0.76	0.98	0.95	0.83	0.74	0.89	0.68	0.81	0.88	1.0	-0.87	0.54	0.82	-0.79	0.98	-0.57	0.96		0.84	0.95	0.89	0.86	0.86	0.89
Non Current Liabilities Other	0.79	-0.58	-0.53	0.78	0.7	0.39	0.68	0.98	0.37	0.71	0.57	0.84	-0.48	0.67	0.84	-0.54	0.79	-0.26	0.68	0.84		0.67	0.95	0.97	0.86	0.96
Net Working Capital	0.98	-0.89	-0.71	0.99	0.98	0.93	0.62	0.74	0.81	0.65	0.93	0.95	-0.96	0.39	0.67	-0.76	0.98	-0.6	1.0	0.95	0.67		0.75	0.69	0.74	0.74
Intangible Assets	0.86	-0.75	-0.67	0.84	0.8	0.52	0.73	0.98	0.5	0.81	0.65	0.89	-0.58	0.72	0.9	-0.67	0.86	-0.31	0.76	0.89	0.95	0.75		0.97	0.94	0.98
Property Plant And Equipment Net	0.81	-0.7	-0.71	0.8	0.77	0.44	0.83	0.99	0.32	0.81	0.54	0.86	-0.54	0.57	0.91	-0.71	0.81	-0.43	0.69	0.86	0.97	0.69	0.97		0.88	1.0
Capital Lease Obligations	0.83	-0.78	-0.7	0.81	0.78	0.56	0.64	0.89	0.58	0.78	0.69	0.86	-0.62	0.74	0.96	-0.71	0.84	-0.28	0.75	0.86	0.86	0.74	0.94	0.88		0.9
Property Plant And Equipment Gross	0.84	-0.73	-0.73	0.84	0.8	0.5	0.83	1.0	0.38	0.83	0.59	0.89	-0.59	0.58	0.92	-0.74	0.84	-0.45	0.73	0.89	0.96	0.74	0.98	1.0	0.9

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Suzhou Mingzhi Account Relationship Matchups

Suzhou Mingzhi fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	783.6M	1.4B	1.5B	1.4B	1.6B	1.3B
Other Current Liab	10.2M	28.6M	6.1M	2.9M	2.6M	2.5M
Total Current Liabilities	304.2M	320.2M	373.7M	306.1M	275.5M	269.4M
Total Stockholder Equity	454.1M	1.1B	1.1B	1.1B	1.2B	878.3M
Retained Earnings	145.7M	255.7M	238.4M	244.0M	280.6M	203.4M
Accounts Payable	107.2M	151.2M	129.8M	107.8M	124.0M	129.8M
Cash	175.8M	168.0M	135.6M	189.0M	217.3M	179.1M
Non Current Assets Total	216.8M	241.2M	338.0M	437.4M	503.0M	319.8M
Non Currrent Assets Other	3.5M	24.5M	44.0M	8.8M	10.2M	18.2M
Net Receivables	116.9M	177.2M	182.4M	142.8M	164.2M	164.3M
Non Current Liabilities Total	25.3M	11.0M	18.9M	20.7M	18.7M	16.7M
Inventory	159.4M	163.3M	215.6M	180.0M	207.0M	197.8M
Other Current Assets	3.5M	2.0M	8.3M	15.0M	17.2M	18.1M
Total Liab	329.5M	331.2M	392.6M	326.9M	294.2M	286.0M
Net Invested Capital	547.8M	1.1B	1.2B	1.1B	1.3B	988.0M
Short Long Term Debt	72.9M	36.2M	153.9M	73.3M	65.9M	73.1M
Total Current Assets	566.8M	1.2B	1.1B	948.7M	1.1B	951.8M
Non Current Liabilities Other	3.7M	6.9M	12.6M	16.9M	19.5M	10.4M
Net Working Capital	262.6M	843.6M	750.9M	642.6M	739.0M	581.4M
Intangible Assets	19.5M	19.3M	26.2M	26.9M	31.0M	24.5M

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Other Information on Investing in Suzhou Stock

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

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Suzhou Net Receivables vs Non Currrent Assets Other Analysis

Net Receivables vs Non Currrent Assets Other

Net Receivables vs Non Currrent Assets Other Correlation Analysis

Correlation Coefficient

Net Receivables

Non Currrent Assets Other

Suzhou Mingzhi fundamental ratios Correlations

Suzhou Mingzhi Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Suzhou Mingzhi fundamental ratios Accounts

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Other Information on Investing in Suzhou Stock

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COMPANY

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
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Capital Stock	+ 1.0	Common Stock Shares Outstanding

Non Current Liabilities Total	- 0.98	Accounts Payable
Net Working Capital	- 0.96	Non Current Liabilities Total
Total Current Assets	- 0.95	Non Current Liabilities Total
Retained Earnings	- 0.95	Other Current Liab
Non Current Liabilities Total	- 0.92	Retained Earnings
Cash	- 0.92	Total Current Liabilities