Tianneng Property Plant And Equipment Net vs Non Currrent Assets Other Analysis

688819 Stock   29.47  0.29  0.97%   
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 Property Plant And Equipment Net and its Non Currrent Assets Other 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.

Property Plant And Equipment Net vs Non Currrent Assets Other

Property Plant And Equipment Net vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tianneng Battery Property Plant And Equipment Net account and Non Currrent Assets Other. At this time, the significance of the direction appears to have very week relationship.
The correlation between Tianneng Battery's Property Plant And Equipment Net and Non Currrent Assets Other is 0.2. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Non Currrent Assets Other 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 Property Plant And Equipment Net 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 Property Plant And Equipment Net of Tianneng Battery Group 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 Property Plant And Equipment Net i.e., Tianneng Battery's Property Plant And Equipment Net and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.2
Relationship DirectionPositive 
Relationship StrengthVery Weak

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

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 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 1.4 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 Capital7.6B13.9B16.5B19.3B22.1B14.1B
Short Long Term Debt249.3M1.3B2.3B2.4B2.8B1.7B
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.