Ningxia Property Plant Equipment vs Cash 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 Property Plant Equipment and its Cash 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.

Property Plant Equipment vs Cash

Property Plant Equipment vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningxia Younglight Property Plant Equipment account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Ningxia Younglight's Property Plant Equipment and Cash is -0.39. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Cash 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 Property Plant Equipment and Cash 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 Equipment of Ningxia Younglight Chemicals are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Property Plant Equipment i.e., Ningxia Younglight's Property Plant Equipment and Cash go up and down completely randomly.

Correlation Coefficient

-0.39

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Property Plant Equipment

Cash

Cash refers to the most liquid asset of Ningxia Younglight, which is listed under current asset account on Ningxia Younglight Chemicals balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ningxia Younglight customers. The amounts must be unrestricted with restricted cash listed in a different Ningxia Younglight account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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

Click cells to compare fundamentals

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)

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

RSI	Rush Street Interactive
OKTA	Okta Inc
BAC	Bank of America

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Ningxia Property Plant Equipment vs Cash Analysis

Property Plant Equipment vs Cash

Property Plant Equipment vs Cash Correlation Analysis

Correlation Coefficient

Property Plant Equipment

Cash

Ningxia Younglight fundamental ratios Correlations

Ningxia Younglight Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningxia Younglight fundamental ratios Accounts

Also Currently Popular

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