Shanxi Property Plant Equipment vs Cash Analysis

002360 Stock   5.46  0.17  3.21%   
Shanxi Tond financial indicator trend analysis is much more than just breaking down Shanxi Tond Chemical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanxi Tond Chemical is a good investment. Please check the relationship between Shanxi Tond Property Plant Equipment and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanxi Tond Chemical. 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 Shanxi Tond Chemical Property Plant Equipment account and Cash. At this time, the significance of the direction appears to have no relationship.
The correlation between Shanxi Tond's Property Plant Equipment and Cash is 0.08. 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 Shanxi Tond Chemical, assuming nothing else is changed. The correlation between historical values of Shanxi Tond'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 Shanxi Tond Chemical 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., Shanxi Tond's Property Plant Equipment and Cash go up and down completely randomly.

Correlation Coefficient

0.08
Relationship DirectionPositive 
Relationship StrengthInsignificant

Property Plant Equipment

Cash

Cash refers to the most liquid asset of Shanxi Tond Chemical, which is listed under current asset account on Shanxi Tond Chemical balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shanxi Tond customers. The amounts must be unrestricted with restricted cash listed in a different Shanxi Tond 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 Shanxi Tond's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanxi Tond Chemical 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 Shanxi Tond Chemical. 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 Selling General Administrative is expected to grow to about 62.9 M. The current year's Tax Provision is expected to grow to about 129.5 M
 2021 2022 2023 2024 (projected)
Operating Income171.3M261.3M222.6M181.1M
Total Revenue852.6M1.1B964.1M805.7M

Shanxi Tond fundamental ratios Correlations

-0.320.970.810.490.950.940.330.410.47-0.370.850.980.280.560.950.94-0.740.820.5-0.740.830.720.940.390.94
-0.32-0.34-0.10.32-0.31-0.370.320.050.170.63-0.27-0.370.520.14-0.39-0.50.26-0.29-0.180.22-0.63-0.2-0.49-0.1-0.51
0.97-0.340.710.340.870.960.150.330.33-0.390.870.990.210.40.990.93-0.610.780.42-0.630.830.620.980.280.92
0.81-0.10.710.670.860.710.510.480.62-0.280.710.740.370.80.710.71-0.780.910.54-0.80.670.780.650.410.7
0.490.320.340.670.560.360.720.320.660.060.260.370.840.830.290.29-0.510.420.3-0.470.250.460.220.220.28
0.95-0.310.870.860.560.860.460.380.6-0.440.810.90.250.690.870.89-0.90.860.52-0.880.750.850.830.430.88
0.94-0.370.960.710.360.860.110.220.3-0.420.840.950.180.450.980.87-0.630.750.34-0.640.790.560.940.20.87
0.330.320.150.510.720.460.110.060.480.040.070.180.490.770.080.13-0.530.260.25-0.470.060.590.020.090.13
0.410.050.330.480.320.380.220.060.520.050.470.390.220.180.320.49-0.30.510.56-0.330.270.350.360.840.48
0.470.170.330.620.660.60.30.480.520.030.440.370.440.520.340.37-0.710.580.31-0.720.220.670.240.440.35
-0.370.63-0.39-0.280.06-0.44-0.420.040.050.03-0.4-0.420.39-0.14-0.4-0.510.52-0.51-0.410.52-0.47-0.52-0.45-0.21-0.51
0.85-0.270.870.710.260.810.840.070.470.44-0.40.880.050.330.90.87-0.660.860.59-0.690.610.680.860.540.86
0.98-0.370.990.740.370.90.950.180.390.37-0.420.880.220.420.980.96-0.650.810.49-0.670.850.660.980.360.96
0.280.520.210.370.840.250.180.490.220.440.390.050.220.520.140.09-0.080.120.05-0.080.130.080.090.00.09
0.560.140.40.80.830.690.450.770.180.52-0.140.330.420.520.370.36-0.70.550.25-0.650.330.610.290.230.35
0.95-0.390.990.710.290.870.980.080.320.34-0.40.90.980.140.370.93-0.620.790.41-0.650.820.610.980.290.92
0.94-0.50.930.710.290.890.870.130.490.37-0.510.870.960.090.360.93-0.670.830.62-0.690.860.690.960.521.0
-0.740.26-0.61-0.78-0.51-0.9-0.63-0.53-0.3-0.710.52-0.66-0.65-0.08-0.7-0.62-0.67-0.81-0.460.98-0.52-0.92-0.56-0.43-0.66
0.82-0.290.780.910.420.860.750.260.510.58-0.510.860.810.120.550.790.83-0.810.66-0.850.720.850.760.520.82
0.5-0.180.420.540.30.520.340.250.560.31-0.410.590.490.050.250.410.62-0.460.66-0.510.430.640.460.60.62
-0.740.22-0.63-0.8-0.47-0.88-0.64-0.47-0.33-0.720.52-0.69-0.67-0.08-0.65-0.65-0.690.98-0.85-0.51-0.55-0.91-0.58-0.43-0.68
0.83-0.630.830.670.250.750.790.060.270.22-0.470.610.850.130.330.820.86-0.520.720.43-0.550.530.870.170.87
0.72-0.20.620.780.460.850.560.590.350.67-0.520.680.660.080.610.610.69-0.920.850.64-0.910.530.560.430.68
0.94-0.490.980.650.220.830.940.020.360.24-0.450.860.980.090.290.980.96-0.560.760.46-0.580.870.560.350.96
0.39-0.10.280.410.220.430.20.090.840.44-0.210.540.360.00.230.290.52-0.430.520.6-0.430.170.430.350.51
0.94-0.510.920.70.280.880.870.130.480.35-0.510.860.960.090.350.921.0-0.660.820.62-0.680.870.680.960.51
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Shanxi Tond Account Relationship Matchups

Shanxi Tond fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B1.7B2.1B3.0B3.9B4.1B
Other Current Liab55.9M61.5M52.1M81.5M5.2M4.9M
Total Current Liabilities244.0M224.9M327.8M928.4M1.2B1.2B
Total Stockholder Equity1.1B1.3B1.4B1.7B2.1B1.1B
Other Liab63.8M81.3M76.7M71.5M82.3M60.1M
Retained Earnings802.2M899.3M981.4M1.2B1.4B1.5B
Accounts Payable52.2M55.0M61.1M223.6M256.1M268.9M
Cash477.2M605.1M418.5M317.2M353.9M385.6M
Other Assets46.1M112.5M474.7M217.1M249.7M133.5M
Net Receivables198.7M157.9M188.1M168.8M137.8M125.1M
Inventory65.5M46.4M52.1M55.1M36.2M46.1M
Other Current Assets20.1M60.3M99.8M217.5M149.1M156.6M
Total Liab311.8M421.1M648.7M1.2B1.7B1.8B
Intangible Assets137.8M136.4M132.5M141.4M195.7M128.9M
Property Plant Equipment413.3M381.8M539.8M1.6B1.9B2.0B
Good Will78.5M51.1M22.3M16.0M14.4M13.7M
Net Tangible Assets979.1M1.1B1.2B1.5B1.7B1.1B
Other Stockholder Equity15.2M45.9M38.2M33.1M38.1M30.2M
Deferred Long Term Liab14.2M12.1M12.7M11.8M10.6M13.4M
Total Current Assets832.4M978.5M830.6M867.1M910.9M826.2M
Non Current Assets Total664.8M756.0M1.3B2.1B3.0B3.1B
Non Currrent Assets Other1.7M68.7M432.0M169.7M100.4M112.2M
Non Current Liabilities Total67.8M196.2M320.9M321.3M554.4M582.1M
Non Current Liabilities Other6.6M24.9M24.2M23.8M23.6M20.6M
Net Invested Capital1.2B1.5B1.8B2.4B3.0B1.9B
Net Working Capital588.4M753.6M502.8M(61.2M)(257.4M)(244.5M)
Short Term Investments70.9M75.9M71.5M71.3M16.8M16.0M

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Other Information on Investing in Shanxi Stock

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