Tianneng Net Receivables vs Non Current Assets Total Analysis

688819 Stock   25.48  0.60  2.30%   
Tianneng Battery financial indicator trend analysis is much more than just breaking down Tianneng Battery prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tianneng Battery is a good investment. Please check the relationship between Tianneng Battery Net Receivables and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tianneng Battery Group. 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.

Net Receivables vs Non Current Assets Total

Net Receivables vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tianneng Battery Net Receivables account and Non Current Assets Total. At this time, the significance of the direction appears to have totally related.
Net ReceivablesNon Current Assets TotalDiversified AwayNet ReceivablesNon Current Assets TotalDiversified Away100%
The correlation between Tianneng Battery's Net Receivables and Non Current Assets Total is 0.99. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Tianneng Battery Group, assuming nothing else is changed. The correlation between historical values of Tianneng Battery's Net Receivables and Non Current Assets Total 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 Tianneng Battery Group are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Net Receivables i.e., Tianneng Battery's Net Receivables and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Receivables

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.
Most indicators from Tianneng Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tianneng Battery 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 Tianneng Battery Group. 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 Selling General Administrative is expected to grow to about 1.8 B, whereas Tax Provision is forecasted to decline to about 475.2 M.
 2022 2024 2025 (projected)
Interest Expense218.7M224.6M203.0M
Depreciation And Amortization1.2B1.4B741.6M

Tianneng Battery fundamental ratios Correlations

0.62-0.240.980.910.82-0.920.990.980.980.970.450.97-0.390.960.130.740.98-0.740.910.990.990.750.990.940.8
0.62-0.550.620.510.59-0.40.60.610.590.71-0.040.54-0.260.57-0.250.720.55-0.060.510.650.560.930.540.380.49
-0.24-0.55-0.19-0.37-0.620.09-0.29-0.15-0.18-0.420.31-0.10.56-0.320.57-0.7-0.16-0.04-0.32-0.24-0.14-0.36-0.13-0.07-0.59
0.980.62-0.190.890.82-0.890.960.980.950.950.380.94-0.410.930.170.70.98-0.730.871.00.980.780.970.920.8
0.910.51-0.370.890.94-0.940.890.90.910.870.510.88-0.680.940.060.660.88-0.770.990.890.910.620.920.880.91
0.820.59-0.620.820.94-0.770.830.780.780.850.20.73-0.80.86-0.140.770.8-0.620.890.830.790.640.780.740.98
-0.92-0.40.09-0.89-0.94-0.77-0.89-0.93-0.96-0.83-0.7-0.960.42-0.91-0.29-0.51-0.890.81-0.96-0.88-0.95-0.58-0.96-0.92-0.75
0.990.6-0.290.960.890.83-0.890.960.960.980.380.94-0.390.950.070.810.97-0.720.880.970.970.690.970.920.83
0.980.61-0.150.980.90.78-0.930.960.980.930.490.96-0.370.940.110.660.98-0.770.910.970.990.750.990.940.76
0.980.59-0.180.950.910.78-0.960.960.980.940.590.99-0.360.960.210.670.94-0.730.930.950.990.730.990.930.74
0.970.71-0.420.950.870.85-0.830.980.930.940.290.9-0.390.94-0.030.870.94-0.650.850.970.940.780.930.870.83
0.45-0.040.310.380.510.2-0.70.380.490.590.290.65-0.090.510.54-0.080.37-0.550.610.350.530.150.570.570.15
0.970.54-0.10.940.880.73-0.960.940.960.990.90.65-0.320.940.310.60.92-0.740.910.930.980.710.990.940.69
-0.39-0.260.56-0.41-0.68-0.80.42-0.39-0.37-0.36-0.39-0.09-0.32-0.540.15-0.4-0.390.38-0.62-0.42-0.38-0.28-0.37-0.39-0.77
0.960.57-0.320.930.940.86-0.910.950.940.960.940.510.94-0.540.070.740.93-0.760.940.940.950.680.960.940.84
0.13-0.250.570.170.06-0.14-0.290.070.110.21-0.030.540.310.150.07-0.330.08-0.150.110.130.210.020.210.21-0.16
0.740.72-0.70.70.660.77-0.510.810.660.670.87-0.080.6-0.40.74-0.330.7-0.320.60.740.660.610.650.570.78
0.980.55-0.160.980.880.8-0.890.970.980.940.940.370.92-0.390.930.080.7-0.80.870.980.980.690.970.950.8
-0.74-0.06-0.04-0.73-0.77-0.620.81-0.72-0.77-0.73-0.65-0.55-0.740.38-0.76-0.15-0.32-0.8-0.77-0.71-0.78-0.3-0.78-0.91-0.65
0.910.51-0.320.870.990.89-0.960.880.910.930.850.610.91-0.620.940.110.60.87-0.770.870.920.640.930.890.85
0.990.65-0.241.00.890.83-0.880.970.970.950.970.350.93-0.420.940.130.740.98-0.710.870.980.780.960.920.82
0.990.56-0.140.980.910.79-0.950.970.990.990.940.530.98-0.380.950.210.660.98-0.780.920.980.721.00.960.77
0.750.93-0.360.780.620.64-0.580.690.750.730.780.150.71-0.280.680.020.610.69-0.30.640.780.720.690.570.53
0.990.54-0.130.970.920.78-0.960.970.990.990.930.570.99-0.370.960.210.650.97-0.780.930.961.00.690.960.76
0.940.38-0.070.920.880.74-0.920.920.940.930.870.570.94-0.390.940.210.570.95-0.910.890.920.960.570.960.74
0.80.49-0.590.80.910.98-0.750.830.760.740.830.150.69-0.770.84-0.160.780.8-0.650.850.820.770.530.760.74
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Tianneng Battery Account Relationship Matchups

Tianneng Battery fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets19.6B26.7B32.4B35.8B41.2B24.3B
Short Long Term Debt Total1.7B873.9M1.6B2.8B3.2B2.1B
Other Current Liab5.6B4.7B5.0B478.4M430.6M409.0M
Total Current Liabilities10.7B12.3B16.4B17.5B20.1B13.1B
Total Stockholder Equity6.7B12.3B13.7B15.4B17.7B18.6B
Property Plant And Equipment Net4.5B5.4B7.1B11.0B12.6B13.2B
Net Debt(2.6B)(4.0B)(8.6B)(8.3B)(7.5B)(7.1B)
Retained Earnings4.4B5.1B6.4B8.1B9.3B4.8B
Accounts Payable4.9B6.3B9.1B8.2B9.4B6.0B
Cash4.9B10.3B11.1B11.3B13.0B7.4B
Non Current Assets Total6.0B7.7B10.1B13.4B15.4B7.9B
Non Currrent Assets Other336.7M2.2B1.1B295.8M340.1M633.9M
Cash And Short Term Investments5.2B5.4B11.7B11.3B13.0B7.3B
Common Stock Shares Outstanding828.7M857.1M964.3M972.1M1.1B960.4M
Short Term Investments483.1M1.5B240M220M198M188.1M
Liabilities And Stockholders Equity18.0B19.6B26.7B32.4B37.2B22.0B
Non Current Liabilities Total1.8B1.6B1.9B2.7B3.2B2.0B
Inventory4.0B3.7B5.6B5.7B6.6B4.1B
Other Current Assets321.6M403.7M593.4M567.3M510.6M485.0M
Other Stockholder Equity1.3B1.4B6.2B6.4B7.3B7.7B
Total Liab12.5B13.9B18.3B20.2B23.2B15.1B
Total Current Assets13.7B19.0B22.3B22.4B25.8B16.3B
Short Term Debt1.6B249.3M1.3B2.3B2.6B1.5B
Intangible Assets667.5M958.1M1.1B1.1B1.2B786.4M
Long Term Debt624.6M319.1M550.2M1.4B1.6B1.7B
Net Receivables1.0B1.1B1.3B2.0B2.3B1.4B
Net Invested Capital7.6B13.9B16.5B19.6B22.5B14.1B
Short Long Term Debt249.3M1.3B2.3B2.8B3.2B1.8B
Non Current Liabilities Other623.9M723.0M697.4M631.5M568.4M539.3M
Net Working Capital2.9B6.6B6.0B5.0B5.7B4.8B

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Other Information on Investing in Tianneng Stock

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