Malion Net Receivables vs Non Currrent Assets Other Analysis

300586 Stock   8.15  0.31  3.66%   
Malion New financial indicator trend analysis is infinitely more than just investigating Malion New Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Malion New Materials is a good investment. Please check the relationship between Malion New Net Receivables and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Malion New Materials. 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 Non Currrent Assets Other

Net Receivables vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Malion New Materials Net Receivables account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between Malion New's Net Receivables and Non Currrent Assets Other is 0.76. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Malion New Materials, assuming nothing else is changed. The correlation between historical values of Malion New's Net Receivables and Non Currrent Assets Other 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 Malion New Materials are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Receivables i.e., Malion New's Net Receivables and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Receivables

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Malion New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Malion New Materials 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 Malion New Materials. 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 Tax Provision is expected to grow to about 16.7 M, whereas Selling General Administrative is forecasted to decline to about 37.1 M.
 2021 2022 2023 2024 (projected)
Operating Income174.7M583.3M224.0M131.3M
Total Revenue1.9B2.4B1.9B1.0B

Malion New fundamental ratios Correlations

0.420.960.980.970.850.810.980.750.890.580.960.960.980.990.720.980.90.930.90.860.880.78-0.670.930.75
0.420.450.290.330.690.510.460.610.60.680.580.470.480.430.680.470.170.480.50.780.62-0.020.270.460.13
0.960.450.910.910.90.760.970.80.880.490.980.970.940.960.770.930.760.910.930.870.80.67-0.580.870.84
0.980.290.910.980.770.810.930.670.850.570.890.90.950.960.670.940.950.880.840.760.860.83-0.730.910.69
0.970.330.910.980.770.820.930.620.840.640.890.890.920.960.680.930.920.880.850.760.840.78-0.690.90.72
0.850.690.90.770.770.840.870.870.960.570.930.870.880.840.90.830.60.90.940.930.830.57-0.230.850.69
0.810.510.760.810.820.840.740.740.90.70.780.750.760.770.850.740.670.820.770.760.830.63-0.250.830.59
0.980.460.970.930.930.870.740.730.870.550.970.950.980.980.710.970.850.930.940.880.830.73-0.640.910.76
0.750.610.80.670.620.870.740.730.850.460.830.790.770.730.780.690.510.780.760.840.80.45-0.140.750.59
0.890.60.880.850.840.960.90.870.850.660.90.850.890.860.860.840.720.930.930.880.910.7-0.290.920.68
0.580.680.490.570.640.570.70.550.460.660.570.480.540.580.570.570.570.580.490.660.790.33-0.050.660.22
0.960.580.980.890.890.930.780.970.830.90.570.980.950.960.790.950.750.930.930.940.860.64-0.510.90.78
0.960.470.970.90.890.870.750.950.790.850.480.980.940.970.70.950.780.910.890.890.820.7-0.610.890.81
0.980.480.940.950.920.880.760.980.770.890.540.950.940.970.730.970.870.920.930.880.870.75-0.620.920.69
0.990.430.960.960.960.840.770.980.730.860.580.960.970.970.670.990.890.930.90.880.880.78-0.670.940.77
0.720.680.770.670.680.90.850.710.780.860.570.790.70.730.670.660.450.690.770.790.710.32-0.110.650.47
0.980.470.930.940.930.830.740.970.690.840.570.950.950.970.990.660.890.920.890.890.870.77-0.670.930.71
0.90.170.760.950.920.60.670.850.510.720.570.750.780.870.890.450.890.80.720.640.830.87-0.780.880.56
0.930.480.910.880.880.90.820.930.780.930.580.930.910.920.930.690.920.80.960.890.880.82-0.460.980.83
0.90.50.930.840.850.940.770.940.760.930.490.930.890.930.90.770.890.720.960.870.790.73-0.440.90.81
0.860.780.870.760.760.930.760.880.840.880.660.940.890.880.880.790.890.640.890.870.890.53-0.280.870.62
0.880.620.80.860.840.830.830.830.80.910.790.860.820.870.880.710.870.830.880.790.890.69-0.360.930.52
0.78-0.020.670.830.780.570.630.730.450.70.330.640.70.750.780.320.770.870.820.730.530.69-0.670.860.69
-0.670.27-0.58-0.73-0.69-0.23-0.25-0.64-0.14-0.29-0.05-0.51-0.61-0.62-0.67-0.11-0.67-0.78-0.46-0.44-0.28-0.36-0.67-0.5-0.5
0.930.460.870.910.90.850.830.910.750.920.660.90.890.920.940.650.930.880.980.90.870.930.86-0.50.74
0.750.130.840.690.720.690.590.760.590.680.220.780.810.690.770.470.710.560.830.810.620.520.69-0.50.74
Click cells to compare fundamentals

Malion New Account Relationship Matchups

Malion New fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.8B1.9B2.5B3.0B3.4B3.6B
Other Current Liab31.1M76.8M53.0M84.1M2.0M1.9M
Total Current Liabilities632.1M561.5M577.1M616.2M747.2M784.5M
Total Stockholder Equity695.3M754.2M1.3B1.6B1.9B2.0B
Retained Earnings309.8M261.7M325.0M642.1M656.1M688.9M
Accounts Payable215.3M306.3M284.2M294.6M298.3M169.6M
Cash236.5M196.4M325.0M444.3M390.6M212.0M
Other Assets65.9M95.1M85.3M112.4M129.2M135.7M
Net Receivables219.3M176.0M385.5M209.9M196.8M141.2M
Inventory161.5M195.9M247.5M277.4M284.1M158.6M
Other Current Assets32.0M23.7M56.0M247.6M48.0M41.8M
Total Liab901.5M982.8M970.0M1.1B1.1B1.1B
Intangible Assets172.5M164.8M176.3M169.0M215.9M226.6M
Property Plant Equipment768.3M793.5M986.5M1.3B1.4B1.5B
Other Liab36.4M65.8M60.0M80.3M92.4M97.0M
Net Tangible Assets443.4M538.8M1.0B1.4B1.6B1.7B
Non Current Assets Total1.2B1.2B1.4B1.7B2.4B1.2B
Non Currrent Assets Other49.8M75.5M59.9M71.0M104.6M58.3M
Non Current Liabilities Total269.4M421.2M392.9M465.0M319.5M260.2M
Total Current Assets649.3M735.4M1.1B1.3B1.1B883.6M
Net Invested Capital1.2B1.3B1.8B2.1B2.5B1.6B
Short Long Term Debt311M166.2M160.1M162.3M329.5M218.3M
Net Working Capital17.2M173.8M556.9M673.1M306.4M351.7M

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Other Information on Investing in Malion Stock

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