Zhejiang Non Current Assets Total vs Total Assets Analysis

003026 Stock   38.08  0.53  1.41%   
Zhejiang Mtcn financial indicator trend analysis is more than just analyzing Zhejiang Mtcn Technology current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Mtcn Technology is a good investment. Please check the relationship between Zhejiang Mtcn Non Current Assets Total and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Mtcn Technology. 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.

Non Current Assets Total vs Total Assets

Non Current Assets Total vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Mtcn Technology Non Current Assets Total account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Zhejiang Mtcn's Non Current Assets Total and Total Assets is 0.96. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Assets in the same time period over historical financial statements of Zhejiang Mtcn Technology, assuming nothing else is changed. The correlation between historical values of Zhejiang Mtcn's Non Current Assets Total and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Zhejiang Mtcn Technology are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Non Current Assets Total i.e., Zhejiang Mtcn's Non Current Assets Total and Total Assets go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Total Assets

Total assets refers to the total amount of Zhejiang Mtcn assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Zhejiang Mtcn Technology books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Zhejiang Mtcn's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Mtcn Technology 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 Zhejiang Mtcn Technology. 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 12.6 M, whereas Tax Provision is projected to grow to (16.5 M).
 2021 2022 2023 2024 (projected)
Interest Expense1.1M7.5M10.9M11.5M
Depreciation And Amortization28.1M42.9M49.3M51.8M

Zhejiang Mtcn fundamental ratios Correlations

0.920.490.960.890.94-0.680.830.870.850.960.50.960.890.88-0.330.980.950.90.660.880.88-0.610.820.840.93
0.920.260.870.720.97-0.440.650.70.650.970.180.850.850.77-0.260.890.960.710.510.80.78-0.750.950.80.8
0.490.260.490.660.28-0.560.690.740.70.310.650.440.380.72-0.280.440.360.710.530.430.480.30.140.310.5
0.960.870.490.80.92-0.540.740.920.770.940.630.870.880.89-0.250.90.960.840.550.820.81-0.570.80.890.85
0.890.720.660.80.71-0.830.970.870.950.750.570.880.850.88-0.290.910.730.990.850.90.95-0.250.530.690.92
0.940.970.280.920.71-0.470.630.760.681.00.30.880.850.78-0.350.90.990.720.440.80.76-0.770.960.880.84
-0.68-0.44-0.56-0.54-0.83-0.47-0.81-0.61-0.9-0.5-0.52-0.82-0.49-0.530.54-0.78-0.45-0.81-0.67-0.61-0.680.19-0.28-0.42-0.83
0.830.650.690.740.970.63-0.810.820.880.670.580.80.770.84-0.260.840.650.950.920.880.88-0.180.430.570.82
0.870.70.740.920.870.76-0.610.820.860.790.760.790.850.96-0.30.810.820.910.630.820.82-0.220.60.840.84
0.850.650.70.770.950.68-0.90.880.860.710.60.910.750.81-0.430.890.70.960.70.790.85-0.210.520.680.95
0.960.970.310.940.751.0-0.50.670.790.710.360.90.870.8-0.340.920.990.750.490.830.78-0.750.930.890.86
0.50.180.650.630.570.3-0.520.580.760.60.360.450.430.61-0.20.450.40.640.470.450.440.090.060.480.49
0.960.850.440.870.880.88-0.820.80.790.910.90.450.790.76-0.460.990.870.880.60.810.84-0.610.770.780.98
0.890.850.380.880.850.85-0.490.770.850.750.870.430.790.88-0.120.850.870.840.690.920.94-0.440.740.890.84
0.880.770.720.890.880.78-0.530.840.960.810.80.610.760.88-0.130.810.830.910.690.850.88-0.230.640.780.79
-0.33-0.26-0.28-0.25-0.29-0.350.54-0.26-0.3-0.43-0.34-0.2-0.46-0.12-0.13-0.36-0.28-0.25-0.1-0.24-0.10.26-0.32-0.37-0.48
0.980.890.440.90.910.9-0.780.840.810.890.920.450.990.850.81-0.360.890.90.680.850.89-0.610.770.780.96
0.950.960.360.960.730.99-0.450.650.820.70.990.40.870.870.83-0.280.890.750.450.80.77-0.70.930.90.84
0.90.710.710.840.990.72-0.810.950.910.960.750.640.880.840.91-0.250.90.750.820.870.93-0.220.530.70.91
0.660.510.530.550.850.44-0.670.920.630.70.490.470.60.690.69-0.10.680.450.820.770.82-0.090.230.390.62
0.880.80.430.820.90.8-0.610.880.820.790.830.450.810.920.85-0.240.850.80.870.770.9-0.40.660.80.84
0.880.780.480.810.950.76-0.680.880.820.850.780.440.840.940.88-0.10.890.770.930.820.9-0.330.610.740.87
-0.61-0.750.3-0.57-0.25-0.770.19-0.18-0.22-0.21-0.750.09-0.61-0.44-0.230.26-0.61-0.7-0.22-0.09-0.4-0.33-0.8-0.53-0.47
0.820.950.140.80.530.96-0.280.430.60.520.930.060.770.740.64-0.320.770.930.530.230.660.61-0.80.810.71
0.840.80.310.890.690.88-0.420.570.840.680.890.480.780.890.78-0.370.780.90.70.390.80.74-0.530.810.83
0.930.80.50.850.920.84-0.830.820.840.950.860.490.980.840.79-0.480.960.840.910.620.840.87-0.470.710.83
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Zhejiang Mtcn Account Relationship Matchups

Zhejiang Mtcn fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets438.1M844.0M1.2B1.4B1.4B1.5B
Short Long Term Debt Total83.4M75M101.1M253.5M291.6M306.1M
Other Current Liab20.7M28.7M44.3M64.8M1.6M1.5M
Total Current Liabilities63.0M77.8M337.4M322.6M299.2M314.1M
Total Stockholder Equity355.6M747.4M779.1M741.7M688.7M417.4M
Property Plant And Equipment Net133.8M152.6M338.0M556.0M659.9M692.9M
Net Debt(18.4M)(400.0M)(291.2M)(144.9M)(130.4M)(123.9M)
Retained Earnings186.3M266.1M291.5M247.0M190.4M139.0M
Accounts Payable42.2M49.1M194.5M195.4M135.4M72.1M
Cash18.4M400.0M392.3M398.4M311.2M160.9M
Non Current Assets Total184.7M204.5M483.3M657.3M791.0M830.6M
Non Currrent Assets Other683.0K1.3M75.6M24.4M3.6M3.4M
Cash And Short Term Investments18.4M400.0M392.3M398.4M458.2M481.1M
Common Stock Shares Outstanding75.2M74.8M99.5M102.1M130.8M85.6M
Liabilities And Stockholders Equity438.1M844.0M1.2B1.4B1.6B1.7B
Inventory70.5M66.8M146.6M198.1M130.7M84.0M
Other Current Assets3.8M3.7M7.8M4.9M3.7M3.6M
Other Stockholder Equity94.5M381.5M387.8M393.7M452.7M475.3M
Total Liab82.5M96.7M364.4M541.6M558.6M586.6M
Total Current Assets253.4M639.5M765.4M746.0M593.1M376.9M
Short Term Debt58.4M47M98.6M62.3M71.7M45.4M
Intangible Assets40.2M39.7M56.8M53.5M75.5M40.5M
Non Current Liabilities Total19.5M18.9M27.0M219.0M259.5M272.4M

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Other Information on Investing in Zhejiang Stock

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