Shandong Investments vs Change To Netincome Analysis

002526 Stock

2.73 0.05 1.87%

Shandong Mining financial indicator trend analysis is much more than just breaking down Shandong Mining Machinery prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Mining Machinery is a good investment. Please check the relationship between Shandong Mining Investments and its Change To Netincome accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Mining Machinery. 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.

Investments vs Change To Netincome

Investments vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Mining Machinery Investments account and Change To Netincome. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Shandong Mining's Investments and Change To Netincome is 0.46. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Shandong Mining Machinery, assuming nothing else is changed. The correlation between historical values of Shandong Mining's Investments and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Shandong Mining Machinery are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Investments i.e., Shandong Mining's Investments and Change To Netincome go up and down completely randomly.

Correlation Coefficient

0.46

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Change To Netincome

Most indicators from Shandong Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Mining Machinery 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 Shandong Mining Machinery. 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 141.6 M, whereas Tax Provision is forecasted to decline to about 40.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	557.7M	552.5M	638.8M	493.8M
Research Development	60.9M	75.1M	81.8M	51.8M

Gross Profit Research Development

Shandong Mining 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	Good Will	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.21	0.69	0.9	0.08	0.67	0.9	0.53	0.46	-0.75	0.77	0.89	0.3	0.63	0.55	0.64	0.37	-0.09	0.15	0.7	0.06	0.44	-0.42	0.7	0.58	0.52
Other Current Liab	0.21		0.15	0.17	0.44	-0.06	0.11	0.12	-0.03	-0.16	0.25	0.23	-0.15	0.15	-0.44	-0.08	0.43	-0.16	0.32	-0.07	0.0	-0.27	0.2	-0.06	-0.23	0.26
Total Current Liabilities	0.69	0.15		0.32	0.44	0.38	0.87	0.32	0.45	-0.38	0.74	0.74	0.12	0.99	0.39	0.11	0.69	-0.44	0.03	0.3	0.61	0.53	0.13	0.44	0.17	0.28
Total Stockholder Equity	0.9	0.17	0.32		-0.15	0.65	0.67	0.52	0.35	-0.77	0.57	0.74	0.34	0.24	0.49	0.77	0.08	0.14	0.17	0.75	-0.27	0.27	-0.62	0.66	0.67	0.52
Other Liab	0.08	0.44	0.44	-0.15		-0.39	0.09	-0.08	-0.13	-0.29	0.53	0.18	-0.36	0.44	-0.29	-0.48	0.88	-0.19	-0.06	-0.55	0.31	-0.27	0.57	-0.47	-0.56	-0.39
Retained Earnings	0.67	-0.06	0.38	0.65	-0.39		0.67	0.51	0.67	-0.26	0.21	0.64	0.29	0.36	0.55	0.84	-0.07	-0.4	0.49	0.88	0.07	0.67	-0.53	0.9	0.71	0.66
Accounts Payable	0.9	0.11	0.87	0.67	0.09	0.67		0.55	0.58	-0.49	0.69	0.88	0.36	0.84	0.51	0.48	0.41	-0.36	0.13	0.67	0.36	0.65	-0.23	0.75	0.55	0.51
Cash	0.53	0.12	0.32	0.52	-0.08	0.51	0.55		0.69	-0.36	0.1	0.7	0.26	0.29	-0.08	0.3	0.16	-0.39	0.33	0.45	0.25	0.3	0.01	0.5	0.26	0.22
Other Assets	0.46	-0.03	0.45	0.35	-0.13	0.67	0.58	0.69		-0.28	0.19	0.74	0.33	0.44	0.12	0.31	0.2	-0.63	0.33	0.46	0.41	0.64	-0.09	0.58	0.35	0.45
Long Term Debt	-0.75	-0.16	-0.38	-0.77	-0.29	-0.26	-0.49	-0.36	-0.28		-0.74	-0.69	-0.13	-0.29	-0.38	-0.38	-0.49	-0.25	0.1	-0.24	0.17	-0.12	0.33	-0.19	-0.26	-0.16
Net Receivables	0.77	0.25	0.74	0.57	0.53	0.21	0.69	0.1	0.19	-0.74		0.69	0.12	0.69	0.43	0.23	0.7	0.01	-0.17	0.19	0.08	0.21	-0.1	0.21	0.26	0.13
Inventory	0.89	0.23	0.74	0.74	0.18	0.64	0.88	0.7	0.74	-0.69	0.69		0.35	0.68	0.28	0.45	0.48	-0.4	0.27	0.54	0.28	0.47	-0.16	0.61	0.4	0.48
Other Current Assets	0.3	-0.15	0.12	0.34	-0.36	0.29	0.36	0.26	0.33	-0.13	0.12	0.35		0.09	0.25	0.42	-0.21	0.09	-0.29	0.4	-0.07	0.5	-0.33	0.41	0.55	0.32
Total Liab	0.63	0.15	0.99	0.24	0.44	0.36	0.84	0.29	0.44	-0.29	0.69	0.68	0.09		0.36	0.06	0.68	-0.49	0.04	0.26	0.65	0.54	0.18	0.42	0.13	0.26
Intangible Assets	0.55	-0.44	0.39	0.49	-0.29	0.55	0.51	-0.08	0.12	-0.38	0.43	0.28	0.25	0.36		0.65	-0.02	0.28	-0.28	0.58	-0.11	0.64	-0.68	0.56	0.7	0.31
Common Stock	0.64	-0.08	0.11	0.77	-0.48	0.84	0.48	0.3	0.31	-0.38	0.23	0.45	0.42	0.06	0.65		-0.24	0.1	0.24	0.87	-0.32	0.48	-0.77	0.79	0.8	0.58
Property Plant Equipment	0.37	0.43	0.69	0.08	0.88	-0.07	0.41	0.16	0.2	-0.49	0.7	0.48	-0.21	0.68	-0.02	-0.24		-0.28	-0.07	-0.25	0.44	0.09	0.39	-0.14	-0.28	-0.19
Good Will	-0.09	-0.16	-0.44	0.14	-0.19	-0.4	-0.36	-0.39	-0.63	-0.25	0.01	-0.4	0.09	-0.49	0.28	0.1	-0.28		-0.65	-0.12	-0.62	-0.26	-0.43	-0.27	0.14	-0.21
Short Term Investments	0.15	0.32	0.03	0.17	-0.06	0.49	0.13	0.33	0.33	0.1	-0.17	0.27	-0.29	0.04	-0.28	0.24	-0.07	-0.65		0.33	0.23	-0.14	0.07	0.34	-0.15	0.42
Net Tangible Assets	0.7	-0.07	0.3	0.75	-0.55	0.88	0.67	0.45	0.46	-0.24	0.19	0.54	0.4	0.26	0.58	0.87	-0.25	-0.12	0.33		0.0	0.56	-0.68	0.97	0.8	0.71
Other Stockholder Equity	0.06	0.0	0.61	-0.27	0.31	0.07	0.36	0.25	0.41	0.17	0.08	0.28	-0.07	0.65	-0.11	-0.32	0.44	-0.62	0.23	0.0		0.28	0.46	0.19	-0.35	0.11
Deferred Long Term Liab	0.44	-0.27	0.53	0.27	-0.27	0.67	0.65	0.3	0.64	-0.12	0.21	0.47	0.5	0.54	0.64	0.48	0.09	-0.26	-0.14	0.56	0.28		-0.41	0.69	0.67	0.47
Long Term Investments	-0.42	0.2	0.13	-0.62	0.57	-0.53	-0.23	0.01	-0.09	0.33	-0.1	-0.16	-0.33	0.18	-0.68	-0.77	0.39	-0.43	0.07	-0.68	0.46	-0.41		-0.55	-0.78	-0.44
Total Current Assets	0.7	-0.06	0.44	0.66	-0.47	0.9	0.75	0.5	0.58	-0.19	0.21	0.61	0.41	0.42	0.56	0.79	-0.14	-0.27	0.34	0.97	0.19	0.69	-0.55		0.75	0.77
Non Current Assets Total	0.58	-0.23	0.17	0.67	-0.56	0.71	0.55	0.26	0.35	-0.26	0.26	0.4	0.55	0.13	0.7	0.8	-0.28	0.14	-0.15	0.8	-0.35	0.67	-0.78	0.75		0.47
Non Currrent Assets Other	0.52	0.26	0.28	0.52	-0.39	0.66	0.51	0.22	0.45	-0.16	0.13	0.48	0.32	0.26	0.31	0.58	-0.19	-0.21	0.42	0.71	0.11	0.47	-0.44	0.77	0.47

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Shandong Mining Account Relationship Matchups

Shandong Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.4B	3.5B	3.7B	4.4B	4.8B	3.3B
Other Current Liab	231.1M	212.1M	278.2M	357.5M	75.7M	71.9M
Total Current Liabilities	715.2M	696.9M	905.9M	1.4B	1.7B	1.1B
Total Stockholder Equity	2.6B	2.7B	2.8B	2.9B	3.0B	2.1B
Other Liab	7.1M	4.7M	3.8M	4.7M	4.2M	4.0M
Retained Earnings	459.4M	547.1M	608.2M	723.5M	830.4M	871.9M
Accounts Payable	344.7M	375.5M	416.9M	660.1M	775.7M	437.5M
Cash	323.0M	484.6M	258.0M	443.3M	527.2M	298.8M
Other Assets	44.3M	28.4M	182.8M	266.1M	306.0M	321.3M
Net Receivables	933.7M	614.2M	1.0B	970.7M	1.2B	910.6M
Inventory	520.5M	508.5M	606.0M	718.2M	746.4M	582.5M
Other Current Assets	45.0M	43.8M	70.4M	153.8M	154.7M	87.1M
Total Liab	722.4M	701.6M	909.7M	1.4B	1.7B	1.1B
Intangible Assets	169.6M	162.8M	157.7M	203.5M	338.6M	355.5M
Property Plant Equipment	389.3M	434.7M	444.0M	485.9M	558.8M	533.4M
Short Term Investments	445.9M	569.9M	667.5M	486.7M	283.8M	384.1M
Net Tangible Assets	2.1B	2.3B	2.5B	2.7B	3.1B	2.2B
Other Stockholder Equity	2.1M	4.3M	6.0M	8.2M	9.4M	5.3M
Deferred Long Term Liab	59.7K	479.2K	95.4K	4.9M	5.7M	6.0M
Total Current Assets	2.3B	2.4B	2.6B	3.2B	3.3B	2.6B
Non Current Assets Total	1.1B	1.0B	1.1B	1.2B	1.4B	1.3B
Non Currrent Assets Other	30.3M	15.0M	98.0M	171.9M	39.0M	50.9M
Non Current Liabilities Total	7.1M	4.7M	3.8M	4.7M	4.8M	5.3M
Short Long Term Debt	83M	46M	150M	391.3M	453.4M	231.9M
Net Invested Capital	2.7B	2.8B	2.9B	3.3B	3.5B	3.2B
Net Working Capital	1.6B	1.7B	1.7B	1.7B	1.6B	1.7B

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Other Information on Investing in Shandong Stock

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

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Shandong Investments vs Change To Netincome Analysis

Investments vs Change To Netincome

Investments vs Change To Netincome Correlation Analysis

Correlation Coefficient

Investments

Change To Netincome

Shandong Mining fundamental ratios Correlations

Shandong Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shandong Mining fundamental ratios Accounts

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Other Information on Investing in Shandong Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.97	Net Tangible Assets
Total Stockholder Equity	+ 0.9	Total Assets
Accounts Payable	+ 0.9	Total Assets
Total Current Assets	+ 0.9	Retained Earnings
Inventory	+ 0.89	Total Assets

Non Current Assets Total	- 0.78	Long Term Investments
Long Term Investments	- 0.77	Common Stock
Long Term Debt	- 0.77	Total Stockholder Equity
Long Term Debt	- 0.75	Total Assets
Net Receivables	- 0.74	Long Term Debt
Inventory	- 0.69	Long Term Debt