Mingchen Change To Operating Activities vs Dividends Paid Analysis

002919 Stock   15.43  0.13  0.84%   
Mingchen Health financial indicator trend analysis is infinitely more than just investigating Mingchen Health recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mingchen Health is a good investment. Please check the relationship between Mingchen Health Change To Operating Activities and its Dividends Paid accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mingchen Health Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Change To Operating Activities vs Dividends Paid

Change To Operating Activities vs Dividends Paid Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mingchen Health Change To Operating Activities account and Dividends Paid. At this time, the significance of the direction appears to have pay attention.
The correlation between Mingchen Health's Change To Operating Activities and Dividends Paid is -0.9. Overlapping area represents the amount of variation of Change To Operating Activities that can explain the historical movement of Dividends Paid in the same time period over historical financial statements of Mingchen Health Co, assuming nothing else is changed. The correlation between historical values of Mingchen Health's Change To Operating Activities and Dividends Paid is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Operating Activities of Mingchen Health Co are associated (or correlated) with its Dividends Paid. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividends Paid has no effect on the direction of Change To Operating Activities i.e., Mingchen Health's Change To Operating Activities and Dividends Paid go up and down completely randomly.

Correlation Coefficient

-0.9
Relationship DirectionNegative 
Relationship StrengthSignificant

Change To Operating Activities

Dividends Paid

The total amount of dividends that a company has paid out to its shareholders over a specific period.
Most indicators from Mingchen Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mingchen Health 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 Mingchen Health Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of November 30, 2024, Selling General Administrative is expected to decline to about 18.6 M. The current year's Tax Provision is expected to grow to about (13 M)
 2021 2022 2023 2024 (projected)
Interest Expense1.7M1.9M3.7M3.9M
Depreciation And Amortization43.5M50.3M175.3M184.1M

Mingchen Health fundamental ratios Correlations

0.7-0.130.740.960.680.83-0.210.850.830.370.870.340.390.840.850.780.570.070.690.760.920.040.720.940.49
0.70.390.810.540.820.450.080.510.830.090.8-0.050.070.560.50.850.690.010.350.830.50.070.910.660.38
-0.130.390.19-0.250.11-0.4-0.14-0.440.180.07-0.01-0.09-0.03-0.36-0.070.140.43-0.07-0.070.18-0.2-0.510.12-0.22-0.17
0.740.810.190.510.820.780.260.650.93-0.10.880.08-0.160.730.390.850.72-0.180.11.00.50.310.870.780.3
0.960.54-0.250.510.510.73-0.390.80.660.520.730.380.560.760.920.620.430.160.840.540.97-0.090.540.870.51
0.680.820.110.820.510.580.340.650.77-0.160.930.32-0.210.70.320.980.43-0.130.110.870.370.410.910.690.19
0.830.45-0.40.780.730.580.10.880.750.070.780.210.080.890.540.630.48-0.130.290.770.730.40.630.90.43
-0.210.08-0.140.26-0.390.340.10.030.06-0.970.17-0.18-0.920.12-0.480.21-0.080.06-0.680.26-0.470.750.26-0.09-0.21
0.850.51-0.440.650.80.650.880.030.670.190.790.330.20.980.640.70.4-0.070.450.670.740.340.740.840.37
0.830.830.180.930.660.770.750.060.670.080.850.060.020.710.590.820.810.060.340.930.670.060.850.840.27
0.370.090.07-0.10.52-0.160.07-0.970.190.080.010.20.960.10.58-0.030.17-0.130.75-0.10.59-0.64-0.040.250.31
0.870.8-0.010.880.730.930.780.170.790.850.010.380.00.840.550.970.47-0.120.330.910.620.360.880.850.36
0.34-0.05-0.090.080.380.320.21-0.180.330.060.20.380.120.350.270.38-0.19-0.130.270.130.24-0.010.050.18-0.22
0.390.07-0.03-0.160.56-0.210.08-0.920.20.020.960.00.120.110.65-0.080.1-0.090.79-0.150.62-0.57-0.080.280.51
0.840.56-0.360.730.760.70.890.120.980.710.10.840.350.110.60.750.42-0.120.390.750.690.40.780.820.37
0.850.5-0.070.390.920.320.54-0.480.640.590.580.550.270.650.60.450.50.30.910.410.94-0.350.420.730.5
0.780.850.140.850.620.980.630.210.70.82-0.030.970.38-0.080.750.450.49-0.110.250.890.490.310.910.740.23
0.570.690.430.720.430.430.48-0.080.40.810.170.47-0.190.10.420.50.490.180.310.70.54-0.290.640.570.16
0.070.01-0.07-0.180.16-0.13-0.130.06-0.070.06-0.13-0.12-0.13-0.09-0.120.3-0.110.180.37-0.170.2-0.34-0.09-0.05-0.3
0.690.35-0.070.10.840.110.29-0.680.450.340.750.330.270.790.390.910.250.310.370.130.85-0.50.210.510.36
0.760.830.181.00.540.870.770.260.670.93-0.10.910.13-0.150.750.410.890.7-0.170.130.510.320.890.790.3
0.920.5-0.20.50.970.370.73-0.470.740.670.590.620.240.620.690.940.490.540.20.850.51-0.220.480.850.51
0.040.07-0.510.31-0.090.410.40.750.340.06-0.640.36-0.01-0.570.4-0.350.31-0.29-0.34-0.50.32-0.220.320.180.14
0.720.910.120.870.540.910.630.260.740.85-0.040.880.05-0.080.780.420.910.64-0.090.210.890.480.320.730.3
0.940.66-0.220.780.870.690.9-0.090.840.840.250.850.180.280.820.730.740.57-0.050.510.790.850.180.730.6
0.490.38-0.170.30.510.190.43-0.210.370.270.310.36-0.220.510.370.50.230.16-0.30.360.30.510.140.30.6
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Mingchen Health Account Relationship Matchups

Mingchen Health fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets699.6M879.2M970.3M1.2B1.3B814.1M
Other Current Liab72.5M11.4M10.5M134.3M25.7M24.4M
Total Current Liabilities134.1M220.9M193.2M443.1M436.7M256.6M
Total Stockholder Equity565.4M655.5M757.8M739.2M809.9M546.3M
Property Plant And Equipment Net58.8M56.4M82.3M146.9M97.7M79.2M
Net Debt(321.5M)(159.7M)(226.5M)(48.1M)(115.9M)(121.7M)
Retained Earnings102.0M190.8M286.3M274.1M340.9M357.9M
Accounts Payable61.6M70.2M77.2M183.2M195.2M103.2M
Cash321.5M198.7M250.9M135.9M169.0M220.9M
Non Current Assets Total86.5M215.4M298.5M604.2M416.5M209.3M
Non Currrent Assets Other216.7K2.1M65.7M21.5M572.5K543.9K
Cash And Short Term Investments424.3M313.6M262.9M135.9M169.0M247.0M
Net Receivables28.2M210.9M269.6M304.3M334.6M351.4M
Common Stock Shares Outstanding167.6M224.9M222.3M219.5M219.9M199.3M
Liabilities And Stockholders Equity699.6M879.2M970.3M1.2B1.3B814.1M
Non Current Liabilities Total0.02.8M19.3M60.7M27.4M13.8M
Inventory160.6M137.5M133.0M191.3M208.3M181.9M
Other Current Assets86.5K1.9M6.4M7.3M9.1M8.6M
Other Stockholder Equity378.2M323.2M323.2M274.4M215.9M261.8M
Total Liab134.1M223.7M212.5M503.8M464.1M267.9M
Total Current Assets613.1M663.8M671.8M638.9M857.6M604.8M
Intangible Assets5.5M14.9M8.0M274.0M150.4M157.9M
Net Tangible Assets559.9M522.9M632.1M338.4M389.1M536.3M
Other Assets15.4M16.0M1.090.5M56.4M0.95
Short Term Investments102.8M114.9M12.0M3.5M5.2M4.9M
Deferred Long Term Liab4.8M8.9M3.7M16.6M19.1M20.0M
Property Plant Equipment58.8M56.4M82.3M146.9M168.9M177.3M
Net Invested Capital565.4M694.5M757.8M739.2M809.9M731.5M
Net Working Capital479.0M442.9M478.6M195.8M420.9M337.4M

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Other Information on Investing in Mingchen Stock

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