Ningxia Total Revenue vs Non Current Assets Total Analysis

000635 Stock

7.56 0.11 1.43%

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 Total Revenue and its Non Current Assets Total 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.

Total Revenue vs Non Current Assets Total

Total Revenue vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningxia Younglight Total Revenue account and Non Current Assets Total. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Ningxia Younglight's Total Revenue and Non Current Assets Total is -0.05. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Non Current Assets Total 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 Total Revenue 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 Total Revenue of Ningxia Younglight Chemicals 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 Total Revenue i.e., Ningxia Younglight's Total Revenue and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

-0.05

Relationship Direction	Negative
Relationship Strength	Insignificant

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Total Revenue

Total revenue comprises all receipts Ningxia Younglight generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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 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 55.9 M, whereas Selling General Administrative is forecasted to decline to about 29.7 M.

	2022	2023	2024	2025 (projected)
Interest Income	11.8M	2.8M	3.2M	3.1M
Net Interest Income	11.7M	2.2M	2.6M	2.4M

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		0.48	0.44	0.57	0.63	0.28	0.17	0.05	0.24	0.35	0.24	0.42	-0.79	0.45	0.1	0.52	0.86	-0.01	0.15	0.1	0.12	-0.01	0.11	-0.08	0.0	0.12
Other Current Liab	0.48		0.11	0.55	0.11	0.82	-0.6	0.48	-0.33	-0.28	0.49	0.13	-0.32	0.0	0.02	0.13	0.32	-0.2	0.73	0.43	0.65	0.01	0.45	-0.72	-0.57	0.68
Total Current Liabilities	0.44	0.11		-0.45	0.48	-0.14	0.34	-0.27	0.76	0.73	-0.12	0.6	0.08	0.99	-0.48	-0.36	0.45	-0.17	-0.05	0.11	-0.29	0.2	0.08	0.13	0.07	-0.02
Total Stockholder Equity	0.57	0.55	-0.45		0.14	0.58	-0.32	0.42	-0.54	-0.42	0.46	-0.14	-0.81	-0.47	0.53	0.79	0.39	0.07	0.35	0.08	0.53	-0.16	0.14	-0.4	-0.27	0.29
Other Liab	0.63	0.11	0.48	0.14		0.02	0.18	-0.51	0.37	0.56	-0.17	0.61	-0.42	0.54	-0.23	0.25	0.85	-0.46	0.02	0.4	-0.51	0.61	0.34	0.09	0.06	0.07
Retained Earnings	0.28	0.82	-0.14	0.58	0.02		-0.88	0.49	-0.63	-0.34	0.61	0.09	-0.17	-0.22	0.04	0.05	0.24	-0.45	0.91	0.62	0.7	0.1	0.66	-0.94	-0.76	0.9
Accounts Payable	0.17	-0.6	0.34	-0.32	0.18	-0.88		-0.39	0.76	0.47	-0.48	0.05	-0.19	0.41	0.08	0.18	0.1	0.52	-0.85	-0.63	-0.59	-0.19	-0.67	0.93	0.79	-0.87
Cash	0.05	0.48	-0.27	0.42	-0.51	0.49	-0.39		-0.28	-0.5	0.42	-0.15	-0.11	-0.35	0.45	0.21	-0.33	0.3	0.24	-0.22	0.86	-0.59	-0.24	-0.53	-0.37	0.2
Other Assets	0.24	-0.33	0.76	-0.54	0.37	-0.63	0.76	-0.28		0.62	-0.49	0.48	0.02	0.78	-0.13	-0.17	0.2	0.25	-0.63	-0.37	-0.51	-0.04	-0.42	0.6	0.5	-0.58
Long Term Debt	0.35	-0.28	0.73	-0.42	0.56	-0.34	0.47	-0.5	0.62		-0.31	0.66	0.07	0.83	-0.56	-0.24	0.49	-0.19	-0.19	0.08	-0.5	0.29	0.02	0.33	0.22	-0.16
Net Receivables	0.24	0.49	-0.12	0.46	-0.17	0.61	-0.48	0.42	-0.49	-0.31		-0.2	-0.15	-0.18	0.06	0.14	0.1	-0.12	0.54	0.2	0.56	-0.1	0.42	-0.55	-0.42	0.49
Inventory	0.42	0.13	0.6	-0.14	0.61	0.09	0.05	-0.15	0.48	0.66	-0.2		-0.01	0.64	-0.38	-0.17	0.5	-0.26	0.07	0.25	-0.15	0.25	0.21	-0.12	-0.08	0.15
Other Current Assets	-0.79	-0.32	0.08	-0.81	-0.42	-0.17	-0.19	-0.11	0.02	0.07	-0.15	-0.01		0.07	-0.53	-0.85	-0.61	-0.25	0.04	0.14	-0.16	0.13	0.08	-0.05	-0.05	0.1
Total Liab	0.45	0.0	0.99	-0.47	0.54	-0.22	0.41	-0.35	0.78	0.83	-0.18	0.64	0.07		-0.51	-0.33	0.49	-0.17	-0.11	0.09	-0.38	0.25	0.05	0.21	0.13	-0.08
Intangible Assets	0.1	0.02	-0.48	0.53	-0.23	0.04	0.08	0.45	-0.13	-0.56	0.06	-0.38	-0.53	-0.51		0.64	-0.19	0.51	-0.18	-0.4	0.34	-0.31	-0.32	0.09	0.12	-0.29
Common Stock	0.52	0.13	-0.36	0.79	0.25	0.05	0.18	0.21	-0.17	-0.24	0.14	-0.17	-0.85	-0.33	0.64		0.29	0.37	-0.2	-0.32	0.2	-0.14	-0.28	0.1	0.16	-0.29
Property Plant Equipment	0.86	0.32	0.45	0.39	0.85	0.24	0.1	-0.33	0.2	0.49	0.1	0.5	-0.61	0.49	-0.19	0.29		-0.4	0.22	0.41	-0.24	0.31	0.38	-0.05	-0.03	0.27
Short Term Investments	-0.01	-0.2	-0.17	0.07	-0.46	-0.45	0.52	0.3	0.25	-0.19	-0.12	-0.26	-0.25	-0.17	0.51	0.37	-0.4		-0.61	-0.92	0.24	-0.7	-0.77	0.44	0.42	-0.7
Net Tangible Assets	0.15	0.73	-0.05	0.35	0.02	0.91	-0.85	0.24	-0.63	-0.19	0.54	0.07	0.04	-0.11	-0.18	-0.2	0.22	-0.61		0.79	0.5	0.33	0.8	-0.83	-0.75	0.96
Other Stockholder Equity	0.1	0.43	0.11	0.08	0.4	0.62	-0.63	-0.22	-0.37	0.08	0.2	0.25	0.14	0.09	-0.4	-0.32	0.41	-0.92	0.79		-0.06	0.69	0.9	-0.53	-0.46	0.83
Total Current Assets	0.12	0.65	-0.29	0.53	-0.51	0.7	-0.59	0.86	-0.51	-0.5	0.56	-0.15	-0.16	-0.38	0.34	0.2	-0.24	0.24	0.5	-0.06		-0.5	0.03	-0.71	-0.53	0.43
Non Current Assets Total	-0.01	0.01	0.2	-0.16	0.61	0.1	-0.19	-0.59	-0.04	0.29	-0.1	0.25	0.13	0.25	-0.31	-0.14	0.31	-0.7	0.33	0.69	-0.5		0.64	-0.04	-0.19	0.28
Non Currrent Assets Other	0.11	0.45	0.08	0.14	0.34	0.66	-0.67	-0.24	-0.42	0.02	0.42	0.21	0.08	0.05	-0.32	-0.28	0.38	-0.77	0.8	0.9	0.03	0.64		-0.57	-0.49	0.82
Non Current Liabilities Total	-0.08	-0.72	0.13	-0.4	0.09	-0.94	0.93	-0.53	0.6	0.33	-0.55	-0.12	-0.05	0.21	0.09	0.1	-0.05	0.44	-0.83	-0.53	-0.71	-0.04	-0.57		0.82	-0.86
Common Stock Shares Outstanding	0.0	-0.57	0.07	-0.27	0.06	-0.76	0.79	-0.37	0.5	0.22	-0.42	-0.08	-0.05	0.13	0.12	0.16	-0.03	0.42	-0.75	-0.46	-0.53	-0.19	-0.49	0.82		-0.72
Net Invested Capital	0.12	0.68	-0.02	0.29	0.07	0.9	-0.87	0.2	-0.58	-0.16	0.49	0.15	0.1	-0.08	-0.29	-0.29	0.27	-0.7	0.96	0.83	0.43	0.28	0.82	-0.86	-0.72

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Ningxia Younglight Account Relationship Matchups

Ningxia Younglight fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	3.1B	3.1B	2.7B	2.7B	3.1B	3.0B
Other Current Liab	143.5M	92.0M	94.0M	13.4M	12.0M	11.4M
Total Current Liabilities	427.8M	393.0M	427.8M	791.3M	712.2M	722.3M
Total Stockholder Equity	2.7B	2.7B	2.3B	1.6B	1.8B	1.7B
Other Liab	14.2M	8.8M	5.1M	31.8M	36.6M	19.7M
Retained Earnings	514.2M	476.1M	87.2M	(701.4M)	(806.6M)	(766.2M)
Accounts Payable	268.8M	288.1M	315.8M	652.2M	750.1M	787.6M
Cash	479.1M	595.1M	441.4M	23.1M	26.6M	25.2M
Other Assets	32.7M	29.4M	27.7M	139.4M	160.3M	168.3M
Net Receivables	1.2M	805.7M	2.5M	13.3M	15.3M	14.5M
Inventory	118.9M	141.1M	294.2M	150.9M	173.5M	178.3M
Other Current Assets	2.5M	24.7M	14.9M	12.0M	10.8M	10.2M
Total Liab	436.6M	398.0M	462.2M	1.1B	972.1M	926.5M
Intangible Assets	71.3M	68.8M	71.7M	66.0M	75.9M	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	1.6B	1.6B	1.0B	372.7M	335.4M	318.6M
Non Current Assets Total	1.5B	1.5B	1.7B	2.3B	2.1B	1.5B
Non Current Liabilities Total	8.8M	5.1M	34.4M	288.7M	332.0M	348.6M
Net Invested Capital	2.7B	2.7B	2.3B	1.8B	1.6B	2.0B
Net Working Capital	1.2B	1.2B	585.8M	(418.7M)	(376.8M)	(358.0M)
Property Plant And Equipment Net	1.4B	1.4B	1.5B	2.2B	2.5B	1.8B
Property Plant And Equipment Gross	4.9B	4.8B	1.5B	5.4B	4.9B	3.4B

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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 Total Revenue vs Non Current Assets Total Analysis

Total Revenue vs Non Current Assets Total

Total Revenue vs Non Current Assets Total Correlation Analysis

Correlation Coefficient

Total Revenue

Non Current Assets Total

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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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Net Invested Capital	+ 0.96	Net Tangible Assets
Non Current Liabilities Total	+ 0.93	Accounts Payable
Net Tangible Assets	+ 0.91	Retained Earnings
Net Invested Capital	+ 0.9	Retained Earnings
Non Currrent Assets Other	+ 0.9	Other Stockholder Equity

Non Current Liabilities Total	- 0.94	Retained Earnings
Other Stockholder Equity	- 0.92	Short Term Investments
Accounts Payable	- 0.88	Retained Earnings
Net Invested Capital	- 0.87	Accounts Payable
Net Invested Capital	- 0.86	Non Current Liabilities Total
Common Stock	- 0.85	Other Current Assets