Ming Net Working Capital vs Total Assets Analysis

MSW Stock

USD 4.17 0.17 3.92%

Ming Shing financial indicator trend analysis is infinitely more than just investigating Ming Shing Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ming Shing Group is a good investment. Please check the relationship between Ming Shing Net Working Capital and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Ming Shing 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 state.

Net Working Capital vs Total Assets

Net Working Capital vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ming Shing Group Net Working Capital account and Total Assets. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Ming Shing's Net Working Capital and Total Assets is -0.08. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Assets in the same time period over historical financial statements of Ming Shing Group, assuming nothing else is changed. The correlation between historical values of Ming Shing's Net Working Capital and Total Assets 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 Ming Shing Group are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Working Capital i.e., Ming Shing's Net Working Capital and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.08

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Working Capital

Total Assets

Total assets refers to the total amount of Ming Shing assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ming Shing Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Ming Shing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ming Shing Group 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Ming Shing 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 state.

Tax Provision is likely to drop to about 419.4 K in 2024. Selling General Administrative is likely to drop to about 764.9 K in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	2.6M	3.5M	5.1M	3.4M
Total Revenue	14.4M	21.9M	27.6M	19.2M

Gross Profit Total Revenue

Ming Shing fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	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	Capital Lease Obligations	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital
Total Assets		0.99	0.54	0.81	0.99	0.54	0.99	0.76	0.88	0.83	0.97	0.72	-0.66	0.98	0.42	1.0	1.0	0.81	0.97	0.99	0.96	-0.08
Total Current Liabilities	0.99		0.45	0.77	1.0	0.45	0.98	0.71	0.86	0.83	0.94	0.79	-0.63	0.95	0.47	1.0	0.99	0.77	0.99	1.0	0.97	-0.11
Total Stockholder Equity	0.54	0.45		0.72	0.44	1.0	0.48	0.74	0.66	0.44	0.66	-0.18	-0.51	0.66	0.08	0.5	0.57	0.71	0.41	0.45	0.3	-0.01
Property Plant And Equipment Net	0.81	0.77	0.72		0.75	0.71	0.79	1.0	0.98	0.93	0.86	0.39	-0.95	0.86	0.25	0.79	0.81	1.0	0.72	0.78	0.7	-0.17
Net Debt	0.99	1.0	0.44	0.75		0.44	0.97	0.69	0.85	0.82	0.93	0.79	-0.61	0.94	0.52	0.99	0.99	0.75	1.0	1.0	0.97	-0.16
Retained Earnings	0.54	0.45	1.0	0.71	0.44		0.47	0.74	0.66	0.44	0.66	-0.18	-0.51	0.66	0.08	0.5	0.56	0.71	0.41	0.45	0.29	-0.01
Accounts Payable	0.99	0.98	0.48	0.79	0.97	0.47		0.74	0.86	0.82	0.97	0.77	-0.65	0.97	0.3	0.99	0.97	0.79	0.94	0.99	0.98	0.05
Cash	0.76	0.71	0.74	1.0	0.69	0.74	0.74		0.96	0.91	0.82	0.31	-0.95	0.82	0.2	0.74	0.76	1.0	0.66	0.72	0.64	-0.16
Non Current Assets Total	0.88	0.86	0.66	0.98	0.85	0.66	0.86	0.96		0.96	0.89	0.51	-0.92	0.9	0.39	0.87	0.89	0.98	0.83	0.86	0.79	-0.25
Non Currrent Assets Other	0.83	0.83	0.44	0.93	0.82	0.44	0.82	0.91	0.96		0.81	0.63	-0.94	0.82	0.42	0.83	0.83	0.93	0.81	0.84	0.81	-0.32
Long Term Debt	0.97	0.94	0.66	0.86	0.93	0.66	0.97	0.82	0.89	0.81		0.61	-0.69	1.0	0.23	0.96	0.96	0.86	0.89	0.95	0.91	0.08
Net Receivables	0.72	0.79	-0.18	0.39	0.79	-0.18	0.77	0.31	0.51	0.63	0.61		-0.38	0.61	0.37	0.76	0.7	0.39	0.79	0.79	0.88	-0.04
Common Stock Shares Outstanding	-0.66	-0.63	-0.51	-0.95	-0.61	-0.51	-0.65	-0.95	-0.92	-0.94	-0.69	-0.38		-0.69	-0.21	-0.65	-0.65	-0.95	-0.58	-0.64	-0.6	0.25
Non Current Liabilities Total	0.98	0.95	0.66	0.86	0.94	0.66	0.97	0.82	0.9	0.82	1.0	0.61	-0.69		0.27	0.97	0.97	0.86	0.91	0.96	0.91	0.04
Capital Lease Obligations	0.42	0.47	0.08	0.25	0.52	0.08	0.3	0.2	0.39	0.42	0.23	0.37	-0.21	0.27		0.43	0.47	0.25	0.59	0.43	0.35	-0.88
Total Liab	1.0	1.0	0.5	0.79	0.99	0.5	0.99	0.74	0.87	0.83	0.96	0.76	-0.65	0.97	0.43		1.0	0.8	0.98	1.0	0.97	-0.08
Net Invested Capital	1.0	0.99	0.57	0.81	0.99	0.56	0.97	0.76	0.89	0.83	0.96	0.7	-0.65	0.97	0.47	1.0		0.81	0.98	0.99	0.94	-0.13
Property Plant And Equipment Gross	0.81	0.77	0.71	1.0	0.75	0.71	0.79	1.0	0.98	0.93	0.86	0.39	-0.95	0.86	0.25	0.8	0.81		0.72	0.78	0.71	-0.17
Short Long Term Debt	0.97	0.99	0.41	0.72	1.0	0.41	0.94	0.66	0.83	0.81	0.89	0.79	-0.58	0.91	0.59	0.98	0.98	0.72		0.98	0.95	-0.24
Total Current Assets	0.99	1.0	0.45	0.78	1.0	0.45	0.99	0.72	0.86	0.84	0.95	0.79	-0.64	0.96	0.43	1.0	0.99	0.78	0.98		0.98	-0.08
Capital Stock	0.96	0.97	0.3	0.7	0.97	0.29	0.98	0.64	0.79	0.81	0.91	0.88	-0.6	0.91	0.35	0.97	0.94	0.71	0.95	0.98		0.02
Net Working Capital	-0.08	-0.11	-0.01	-0.17	-0.16	-0.01	0.05	-0.16	-0.25	-0.32	0.08	-0.04	0.25	0.04	-0.88	-0.08	-0.13	-0.17	-0.24	-0.08	0.02

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Ming Shing Account Relationship Matchups

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Ming Net Working Capital vs Total Assets Analysis

Net Working Capital vs Total Assets

Net Working Capital vs Total Assets Correlation Analysis

Correlation Coefficient

Net Working Capital

Total Assets

Ming Shing fundamental ratios Correlations

Ming Shing Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Total Liab	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity

Property Plant And Equipment Gross	- 0.95	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.95	Cash
Common Stock Shares Outstanding	- 0.95	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.94	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.92	Non Current Assets Total
Net Working Capital	- 0.88	Capital Lease Obligations