Tianshan Net Receivables vs Retained Earnings Analysis

002532 Stock

8.01 0.55 6.43%

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

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tianshan Aluminum Net Receivables account and Retained Earnings. At this time, the significance of the direction appears to have very week relationship.

The correlation between Tianshan Aluminum's Net Receivables and Retained Earnings is 0.29. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Tianshan Aluminum Group, assuming nothing else is changed. The correlation between historical values of Tianshan Aluminum's Net Receivables and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Tianshan Aluminum Group are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Receivables i.e., Tianshan Aluminum's Net Receivables and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.29

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Receivables

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Tianshan Aluminum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tianshan Aluminum 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 Tianshan Aluminum Group. 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 Discontinued Operations is expected to grow to about 940.8 K, whereas Selling General Administrative is forecasted to decline to about 138.9 M.

	2021	2022	2023	2024 (projected)
Operating Income	5.8B	4.1B	3.4B	3.6B
Total Revenue	28.7B	33.0B	29.0B	30.4B

Operating Income Total Revenue

Tianshan Aluminum fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Treasury Stock	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt
Total Assets		0.06	0.75	1.0	0.95	0.67	0.98	0.79	0.26	0.93	0.37	1.0	0.98	0.92	0.75	0.2	-0.41	0.87	-0.69	-0.22	0.59	0.87	0.56	0.96	0.76	0.84
Other Current Liab	0.06		0.48	0.04	0.09	0.44	0.09	0.14	0.84	0.16	0.44	0.06	0.07	0.2	0.41	0.92	0.4	0.26	-0.08	0.11	0.55	0.37	0.57	0.08	-0.15	0.06
Total Current Liabilities	0.75	0.48		0.75	0.84	0.89	0.74	0.92	0.47	0.88	0.73	0.75	0.78	0.91	0.98	0.66	-0.23	0.91	-0.86	-0.02	0.94	0.95	0.96	0.72	0.52	0.84
Total Stockholder Equity	1.0	0.04	0.75		0.96	0.65	0.97	0.8	0.26	0.94	0.35	1.0	0.99	0.93	0.75	0.2	-0.4	0.87	-0.69	-0.22	0.6	0.86	0.56	0.95	0.79	0.85
Retained Earnings	0.95	0.09	0.84	0.96		0.72	0.9	0.92	0.29	0.99	0.42	0.95	0.97	0.97	0.86	0.3	-0.4	0.91	-0.78	-0.2	0.72	0.91	0.69	0.89	0.81	0.92
Accounts Payable	0.67	0.44	0.89	0.65	0.72		0.71	0.78	0.4	0.76	0.89	0.68	0.63	0.8	0.81	0.49	-0.31	0.86	-0.81	-0.08	0.78	0.92	0.85	0.72	0.21	0.81
Cash	0.98	0.09	0.74	0.97	0.9	0.71		0.74	0.2	0.87	0.43	0.98	0.94	0.9	0.71	0.19	-0.42	0.85	-0.67	-0.23	0.57	0.87	0.56	0.95	0.67	0.8
Other Assets	0.79	0.14	0.92	0.8	0.92	0.78	0.74		0.22	0.93	0.57	0.78	0.83	0.94	0.94	0.39	-0.4	0.9	-0.91	-0.12	0.83	0.89	0.82	0.73	0.7	0.93
Net Receivables	0.26	0.84	0.47	0.26	0.29	0.4	0.2	0.22		0.35	0.3	0.26	0.26	0.3	0.42	0.8	0.3	0.36	-0.1	-0.02	0.5	0.43	0.49	0.27	0.08	0.21
Inventory	0.93	0.16	0.88	0.94	0.99	0.76	0.87	0.93	0.35		0.5	0.93	0.95	0.97	0.9	0.36	-0.35	0.94	-0.84	-0.09	0.78	0.93	0.76	0.88	0.76	0.92
Other Current Assets	0.37	0.44	0.73	0.35	0.42	0.89	0.43	0.57	0.3	0.5		0.38	0.32	0.52	0.65	0.44	-0.14	0.64	-0.75	0.21	0.68	0.72	0.8	0.43	-0.13	0.56
Total Liab	1.0	0.06	0.75	1.0	0.95	0.68	0.98	0.78	0.26	0.93	0.38		0.98	0.92	0.74	0.2	-0.41	0.87	-0.69	-0.23	0.59	0.87	0.56	0.96	0.74	0.84
Intangible Assets	0.98	0.07	0.78	0.99	0.97	0.63	0.94	0.83	0.26	0.95	0.32	0.98		0.94	0.8	0.26	-0.33	0.87	-0.71	-0.19	0.65	0.86	0.6	0.92	0.84	0.84
Common Stock	0.92	0.2	0.91	0.93	0.97	0.8	0.9	0.94	0.3	0.97	0.52	0.92	0.94		0.91	0.37	-0.37	0.93	-0.84	-0.15	0.79	0.94	0.77	0.87	0.74	0.9
Property Plant Equipment	0.75	0.41	0.98	0.75	0.86	0.81	0.71	0.94	0.42	0.9	0.65	0.74	0.8	0.91		0.63	-0.18	0.9	-0.89	0.09	0.96	0.92	0.95	0.69	0.62	0.83
Other Liab	0.2	0.92	0.66	0.2	0.3	0.49	0.19	0.39	0.8	0.36	0.44	0.2	0.26	0.37	0.63		0.31	0.45	-0.29	0.12	0.76	0.51	0.74	0.2	0.13	0.28
Short Term Investments	-0.41	0.4	-0.23	-0.4	-0.4	-0.31	-0.42	-0.4	0.3	-0.35	-0.14	-0.41	-0.33	-0.37	-0.18	0.31		-0.33	0.34	0.56	-0.02	-0.3	-0.05	-0.41	-0.3	-0.53
Net Tangible Assets	0.87	0.26	0.91	0.87	0.91	0.86	0.85	0.9	0.36	0.94	0.64	0.87	0.87	0.93	0.9	0.45	-0.33		-0.86	-0.05	0.85	0.98	0.83	0.91	0.61	0.94
Other Stockholder Equity	-0.69	-0.08	-0.86	-0.69	-0.78	-0.81	-0.67	-0.91	-0.1	-0.84	-0.75	-0.69	-0.71	-0.84	-0.89	-0.29	0.34	-0.86		-0.19	-0.82	-0.85	-0.85	-0.66	-0.49	-0.83
Deferred Long Term Liab	-0.22	0.11	-0.02	-0.22	-0.2	-0.08	-0.23	-0.12	-0.02	-0.09	0.21	-0.23	-0.19	-0.15	0.09	0.12	0.56	-0.05	-0.19		0.23	-0.05	0.22	-0.22	-0.17	-0.28
Long Term Investments	0.59	0.55	0.94	0.6	0.72	0.78	0.57	0.83	0.5	0.78	0.68	0.59	0.65	0.79	0.96	0.76	-0.02	0.85	-0.82	0.23		0.86	0.98	0.58	0.48	0.72
Total Current Assets	0.87	0.37	0.95	0.86	0.91	0.92	0.87	0.89	0.43	0.93	0.72	0.87	0.86	0.94	0.92	0.51	-0.3	0.98	-0.85	-0.05	0.86		0.86	0.88	0.54	0.91
Treasury Stock	0.56	0.57	0.96	0.56	0.69	0.85	0.56	0.82	0.49	0.76	0.8	0.56	0.6	0.77	0.95	0.74	-0.05	0.83	-0.85	0.22	0.98	0.86		0.55	0.36	0.71
Non Current Assets Total	0.96	0.08	0.72	0.95	0.89	0.72	0.95	0.73	0.27	0.88	0.43	0.96	0.92	0.87	0.69	0.2	-0.41	0.91	-0.66	-0.22	0.58	0.88	0.55		0.65	0.86
Non Currrent Assets Other	0.76	-0.15	0.52	0.79	0.81	0.21	0.67	0.7	0.08	0.76	-0.13	0.74	0.84	0.74	0.62	0.13	-0.3	0.61	-0.49	-0.17	0.48	0.54	0.36	0.65		0.63
Long Term Debt	0.84	0.06	0.84	0.85	0.92	0.81	0.8	0.93	0.21	0.92	0.56	0.84	0.84	0.9	0.83	0.28	-0.53	0.94	-0.83	-0.28	0.72	0.91	0.71	0.86	0.63

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Tianshan Aluminum Account Relationship Matchups

Tianshan Aluminum fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	50.6B	53.5B	56.7B	57.1B	60.0B
Other Current Liab	3.0B	4.0B	3.7B	2.4B	680.2M	646.2M
Total Current Liabilities	22.3B	26.4B	25.7B	25.8B	24.6B	25.9B
Total Stockholder Equity	1.4B	19.3B	21.3B	22.8B	24.1B	25.3B
Retained Earnings	3.9B	5.8B	7.7B	9.5B	9.8B	10.3B
Accounts Payable	11.2B	13.1B	13.2B	14.4B	6.7B	4.9B
Cash	221.6M	10.5B	7.6B	8.8B	7.8B	8.2B
Other Assets	1.0B	781.1M	975.9M	1.1B	1.2B	1.3B
Net Receivables	301.1M	153.6M	1.7B	716.4M	507.8M	436.1M
Inventory	4.1B	5.6B	8.8B	9.5B	9.5B	10.0B
Other Current Assets	3.8B	4.5B	4.7B	4.6B	419.4M	398.5M
Total Liab	538.2M	31.3B	32.2B	33.9B	33.0B	34.6B
Intangible Assets	196.4M	1.1B	1.1B	1.2B	1.5B	1.6B
Property Plant Equipment	25.6B	27.2B	28.7B	29.6B	34.0B	35.7B
Other Liab	499.8M	547.5M	546.4M	520.9M	599.0M	433.2M
Net Tangible Assets	11.5B	18.2B	20.1B	21.7B	24.9B	13.5B
Other Stockholder Equity	516.2K	510.7K	(1.4M)	(198.0K)	(178.2K)	(169.3K)
Total Current Assets	13.3B	21.5B	22.7B	24.9B	21.5B	16.4B
Non Current Assets Total	1.2B	29.0B	30.8B	31.8B	35.6B	18.1B
Non Currrent Assets Other	6.4M	418.8M	605.4M	649.4M	2.8B	2.9B
Non Current Liabilities Total	18.9M	4.9B	6.5B	8.1B	8.4B	8.8B
Short Long Term Debt	73.2M	5.6B	4.0B	4.1B	8.8B	9.3B
Net Invested Capital	1.5B	28.7B	30.7B	33.6B	39.9B	21.6B
Net Working Capital	282.0M	(4.8B)	(3.0B)	(870.1M)	(3.1B)	(3.0B)

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Other Information on Investing in Tianshan Stock

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

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Tianshan Net Receivables vs Retained Earnings Analysis

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Receivables

Retained Earnings

Tianshan Aluminum fundamental ratios Correlations

Tianshan Aluminum Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tianshan Aluminum fundamental ratios Accounts

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Other Information on Investing in Tianshan Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Stockholder Equity
Intangible Assets	+ 0.99	Total Stockholder Equity
Inventory	+ 0.99	Retained Earnings
Cash	+ 0.98	Total Assets

Other Stockholder Equity	- 0.91	Other Assets
Other Stockholder Equity	- 0.89	Property Plant Equipment
Other Stockholder Equity	- 0.86	Net Tangible Assets
Other Stockholder Equity	- 0.86	Total Current Liabilities
Treasury Stock	- 0.85	Other Stockholder Equity
Total Current Assets	- 0.85	Other Stockholder Equity