Ningxia Other Current Assets vs Net Invested Capital Analysis

000635 Stock

8.32 0.22 2.58%

Ningxia Younglight financial indicator trend analysis is infinitely more than just investigating Ningxia Younglight recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningxia Younglight is a good investment. Please check the relationship between Ningxia Younglight Other Current Assets and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningxia Younglight Chemicals. 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.

Other Current Assets vs Net Invested Capital

Other Current Assets vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningxia Younglight Other Current Assets account and Net Invested Capital. At this time, the significance of the direction appears to have no relationship.

The correlation between Ningxia Younglight's Other Current Assets and Net Invested Capital is 0.09. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Ningxia Younglight Chemicals, assuming nothing else is changed. The correlation between historical values of Ningxia Younglight's Other Current Assets and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Ningxia Younglight Chemicals are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Other Current Assets i.e., Ningxia Younglight's Other Current Assets and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.09

Relationship Direction	Positive
Relationship Strength	Insignificant

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Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Ningxia Younglight's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningxia Younglight 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 Ningxia Younglight Chemicals. 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 62.1 M, whereas Selling General Administrative is forecasted to decline to about 33 M.

	2021	2022	2023	2024 (projected)
Interest Income	10.6M	11.8M	2.8M	2.7M
Net Interest Income	10.4M	11.7M	2.2M	2.1M

Interest Income Net Interest Income

Ningxia Younglight fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Common Stock Shares Outstanding	Net Invested Capital
Total Assets		0.53	0.44	0.58	0.62	0.35	0.29	0.05	0.23	0.35	0.25	0.42	-0.79	0.45	0.1	0.49	0.86	-0.02	0.2	0.11	0.14	-0.01	0.12	-0.11	-0.02	0.16
Other Current Liab	0.53		0.14	0.53	0.15	0.79	-0.3	0.43	-0.26	-0.25	0.43	0.11	-0.37	0.05	0.09	0.19	0.28	-0.13	0.69	0.35	0.59	0.05	0.37	-0.66	-0.47	0.61
Total Current Liabilities	0.44	0.14		-0.45	0.48	-0.13	0.48	-0.26	0.78	0.73	-0.11	0.6	0.08	0.99	-0.49	-0.36	0.47	-0.18	-0.04	0.13	-0.29	0.2	0.1	0.13	0.06	0.01
Total Stockholder Equity	0.58	0.53	-0.45		0.15	0.6	-0.2	0.39	-0.53	-0.41	0.44	-0.15	-0.83	-0.46	0.57	0.81	0.37	0.1	0.34	0.04	0.52	-0.15	0.09	-0.38	-0.24	0.25
Other Liab	0.62	0.15	0.48	0.15		0.06	0.35	-0.5	0.36	0.55	-0.16	0.61	-0.42	0.54	-0.25	0.25	0.88	-0.49	0.05	0.45	-0.53	0.63	0.38	0.08	-0.13	0.15
Retained Earnings	0.35	0.79	-0.13	0.6	0.06		-0.62	0.43	-0.6	-0.32	0.56	0.07	-0.24	-0.2	0.16	0.12	0.2	-0.4	0.91	0.56	0.63	0.15	0.61	-0.91	-0.63	0.87
Accounts Payable	0.29	-0.3	0.48	-0.2	0.35	-0.62		-0.18	0.72	0.5	-0.29	0.19	-0.26	0.53	0.02	0.35	0.24	0.4	-0.7	-0.5	-0.33	0.01	-0.53	0.64	0.13	-0.72
Cash	0.05	0.43	-0.26	0.39	-0.5	0.43	-0.18		-0.23	-0.49	0.38	-0.18	-0.13	-0.34	0.51	0.24	-0.39	0.37	0.17	-0.33	0.86	-0.59	-0.36	-0.49	-0.29	0.06
Other Assets	0.23	-0.26	0.78	-0.53	0.36	-0.6	0.72	-0.23		0.62	-0.45	0.51	0.03	0.79	-0.18	-0.2	0.25	0.21	-0.59	-0.32	-0.46	-0.05	-0.37	0.56	0.41	-0.54
Long Term Debt	0.35	-0.25	0.73	-0.41	0.55	-0.32	0.5	-0.49	0.62		-0.29	0.68	0.07	0.83	-0.6	-0.25	0.53	-0.21	-0.16	0.13	-0.5	0.26	0.06	0.32	0.19	-0.09
Net Receivables	0.25	0.43	-0.11	0.44	-0.16	0.56	-0.29	0.38	-0.45	-0.29		-0.23	-0.17	-0.16	0.11	0.18	0.06	-0.06	0.49	0.13	0.51	-0.08	0.36	-0.5	-0.34	0.42
Inventory	0.42	0.11	0.6	-0.15	0.61	0.07	0.19	-0.18	0.51	0.68	-0.23		-0.01	0.65	-0.37	-0.18	0.49	-0.26	0.07	0.24	-0.19	0.25	0.2	-0.1	-0.04	0.14
Other Current Assets	-0.79	-0.37	0.08	-0.83	-0.42	-0.24	-0.26	-0.13	0.03	0.07	-0.17	-0.01		0.07	-0.53	-0.85	-0.63	-0.24	0.02	0.13	-0.19	0.13	0.07	-0.03	-0.03	0.09
Total Liab	0.45	0.05	0.99	-0.46	0.54	-0.2	0.53	-0.34	0.79	0.83	-0.16	0.65	0.07		-0.53	-0.34	0.51	-0.19	-0.09	0.13	-0.37	0.24	0.09	0.2	0.09	-0.03
Intangible Assets	0.1	0.09	-0.49	0.57	-0.25	0.16	0.02	0.51	-0.18	-0.6	0.11	-0.37	-0.53	-0.53		0.62	-0.18	0.49	-0.12	-0.37	0.43	-0.33	-0.29	0.0	-0.03	-0.24
Common Stock	0.49	0.19	-0.36	0.81	0.25	0.12	0.35	0.24	-0.2	-0.25	0.18	-0.18	-0.85	-0.34	0.62		0.31	0.36	-0.18	-0.31	0.25	-0.11	-0.26	0.05	-0.18	-0.27
Property Plant Equipment	0.86	0.28	0.47	0.37	0.88	0.2	0.24	-0.39	0.25	0.53	0.06	0.49	-0.63	0.51	-0.18	0.31		-0.38	0.18	0.39	-0.32	0.35	0.35	0.03	0.05	0.23
Short Term Investments	-0.02	-0.13	-0.18	0.1	-0.49	-0.4	0.4	0.37	0.21	-0.21	-0.06	-0.26	-0.24	-0.19	0.49	0.36	-0.38		-0.58	-0.92	0.36	-0.72	-0.76	0.39	0.35	-0.73
Net Tangible Assets	0.2	0.69	-0.04	0.34	0.05	0.91	-0.7	0.17	-0.59	-0.16	0.49	0.07	0.02	-0.09	-0.12	-0.18	0.18	-0.58		0.77	0.42	0.33	0.77	-0.8	-0.53	0.97
Other Stockholder Equity	0.11	0.35	0.13	0.04	0.45	0.56	-0.5	-0.33	-0.32	0.13	0.13	0.24	0.13	0.13	-0.37	-0.31	0.39	-0.92	0.77		-0.21	0.76	0.89	-0.45	-0.38	0.84
Total Current Assets	0.14	0.59	-0.29	0.52	-0.53	0.63	-0.33	0.86	-0.46	-0.5	0.51	-0.19	-0.19	-0.37	0.43	0.25	-0.32	0.36	0.42	-0.21		-0.52	-0.11	-0.66	-0.42	0.28
Non Current Assets Total	-0.01	0.05	0.2	-0.15	0.63	0.15	0.01	-0.59	-0.05	0.26	-0.08	0.25	0.13	0.24	-0.33	-0.11	0.35	-0.72	0.33	0.76	-0.52		0.71	-0.05	-0.44	0.41
Non Currrent Assets Other	0.12	0.37	0.1	0.09	0.38	0.61	-0.53	-0.36	-0.37	0.06	0.36	0.2	0.07	0.09	-0.29	-0.26	0.35	-0.76	0.77	0.89	-0.11	0.71		-0.5	-0.41	0.82
Non Current Liabilities Total	-0.11	-0.66	0.13	-0.38	0.08	-0.91	0.64	-0.49	0.56	0.32	-0.5	-0.1	-0.03	0.2	0.0	0.05	0.03	0.39	-0.8	-0.45	-0.66	-0.05	-0.5		0.72	-0.81
Common Stock Shares Outstanding	-0.02	-0.47	0.06	-0.24	-0.13	-0.63	0.13	-0.29	0.41	0.19	-0.34	-0.04	-0.03	0.09	-0.03	-0.18	0.05	0.35	-0.53	-0.38	-0.42	-0.44	-0.41	0.72		-0.52
Net Invested Capital	0.16	0.61	0.01	0.25	0.15	0.87	-0.72	0.06	-0.54	-0.09	0.42	0.14	0.09	-0.03	-0.24	-0.27	0.23	-0.73	0.97	0.84	0.28	0.41	0.82	-0.81	-0.52

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Ningxia Younglight Account Relationship Matchups

Ningxia Younglight fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.1B	3.1B	3.1B	2.7B	2.7B	3.0B
Other Current Liab	125.5M	143.5M	92.0M	94.0M	13.4M	12.7M
Total Current Liabilities	412.4M	427.8M	393.0M	427.8M	791.3M	722.3M
Total Stockholder Equity	2.7B	2.7B	2.7B	2.3B	1.6B	1.7B
Other Liab	14.2M	8.8M	5.1M	31.8M	36.6M	19.7M
Retained Earnings	490.1M	514.2M	476.1M	87.2M	(701.4M)	(666.3M)
Accounts Payable	262.8M	268.8M	288.1M	315.8M	652.2M	328.5M
Cash	431.2M	479.1M	595.1M	441.4M	23.1M	21.9M
Other Assets	32.7M	29.4M	27.7M	139.4M	160.3M	168.3M
Net Receivables	844.3M	1.2M	805.7M	2.5M	13.3M	12.6M
Inventory	102.0M	118.9M	141.1M	294.2M	150.9M	178.3M
Other Current Assets	1.2M	2.5M	24.7M	14.9M	12.0M	11.4M
Total Liab	426.6M	436.6M	398.0M	462.2M	1.1B	926.5M
Intangible Assets	74.6M	71.3M	68.8M	71.7M	66.0M	49.9M
Property Plant Equipment	1.6B	1.4B	1.4B	1.5B	1.7B	2.1B
Net Tangible Assets	2.6B	2.6B	2.6B	2.2B	2.0B	2.1B
Total Current Assets	1.4B	1.6B	1.6B	1.0B	372.7M	354.0M
Non Current Assets Total	1.7B	1.5B	1.5B	1.7B	2.3B	1.5B
Non Currrent Assets Other	2.1B	1.9B	1.7B	29.3M	26.4M	25.1M
Non Current Liabilities Total	14.2M	8.8M	5.1M	34.4M	288.7M	303.2M
Net Invested Capital	2.7B	2.7B	2.7B	2.3B	1.8B	2.0B
Net Working Capital	966.3M	1.2B	1.2B	585.8M	(418.7M)	(397.7M)

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Other Information on Investing in Ningxia Stock

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

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Ningxia Other Current Assets vs Net Invested Capital Analysis

Other Current Assets vs Net Invested Capital

Other Current Assets vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Other Current Assets

Net Invested Capital

Ningxia Younglight fundamental ratios Correlations

Ningxia Younglight Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningxia Younglight fundamental ratios Accounts

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Other Information on Investing in Ningxia Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Net Invested Capital	+ 0.97	Net Tangible Assets
Net Tangible Assets	+ 0.91	Retained Earnings
Non Currrent Assets Other	+ 0.89	Other Stockholder Equity
Property Plant Equipment	+ 0.88	Other Liab
Net Invested Capital	+ 0.87	Retained Earnings

Other Stockholder Equity	- 0.92	Short Term Investments
Non Current Liabilities Total	- 0.91	Retained Earnings
Common Stock	- 0.85	Other Current Assets
Other Current Assets	- 0.83	Total Stockholder Equity
Net Invested Capital	- 0.81	Non Current Liabilities Total
Non Current Liabilities Total	- 0.8	Net Tangible Assets