Shandong Depreciation vs Net Borrowings Analysis

600022 Stock   1.67  0.05  2.91%   
Shandong Iron financial indicator trend analysis is much more than just breaking down Shandong Iron prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Iron is a good investment. Please check the relationship between Shandong Iron Depreciation and its Net Borrowings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Iron and. 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.

Depreciation vs Net Borrowings

Depreciation vs Net Borrowings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Iron Depreciation account and Net Borrowings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Shandong Iron's Depreciation and Net Borrowings is -0.66. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Shandong Iron and, assuming nothing else is changed. The correlation between historical values of Shandong Iron's Depreciation and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Shandong Iron and are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Depreciation i.e., Shandong Iron's Depreciation and Net Borrowings go up and down completely randomly.

Correlation Coefficient

-0.66
Relationship DirectionNegative 
Relationship StrengthWeak

Depreciation

Depreciation indicates how much of Shandong Iron value has been used up. For tax purposes Shandong Iron can deduct the cost of the tangible assets it purchases as business expenses. However, Shandong Iron and must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Most indicators from Shandong Iron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Iron 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 Iron and. 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 985.8 M, whereas Tax Provision is projected to grow to (26.2 M).
 2021 2022 2023 2024 (projected)
Gross Profit9.4B5.7B3.6B5.0B
Research Development2.0B2.1B2.1B2.2B

Shandong Iron fundamental ratios Correlations

0.530.840.970.410.910.70.60.220.710.530.920.820.930.250.420.720.050.040.280.64-0.480.57-0.030.480.58
0.530.530.46-0.270.320.510.330.430.350.850.530.210.33-0.03-0.360.270.59-0.64-0.430.34-0.210.540.620.43-0.1
0.840.530.710.090.810.40.370.350.830.350.970.570.87-0.130.120.320.11-0.040.080.28-0.20.30.090.230.22
0.970.460.710.50.870.770.550.120.570.530.80.860.870.330.50.810.010.050.350.72-0.560.64-0.140.550.65
0.41-0.270.090.50.380.360.21-0.520.28-0.110.190.70.390.680.910.7-0.660.50.930.6-0.590.4-0.580.440.85
0.910.320.810.870.380.470.550.090.770.290.880.710.940.210.430.60.020.20.330.48-0.340.37-0.140.290.57
0.70.510.40.770.360.470.20.220.120.60.460.690.440.10.220.620.06-0.30.190.66-0.60.720.050.660.33
0.60.330.370.550.210.550.20.340.490.490.570.450.560.380.350.480.010.150.020.44-0.230.210.140.240.52
0.220.430.350.12-0.520.090.220.340.120.480.36-0.020.1-0.51-0.49-0.210.34-0.37-0.56-0.120.19-0.060.62-0.02-0.39
0.710.350.830.570.280.770.120.490.120.170.850.50.780.250.290.36-0.060.220.270.25-0.140.210.050.140.43
0.530.850.350.53-0.110.290.60.490.480.170.420.420.270.09-0.150.520.33-0.6-0.340.61-0.460.710.510.670.09
0.920.530.970.80.190.880.460.570.360.850.420.650.930.030.240.440.090.040.130.38-0.250.340.090.270.37
0.820.210.570.860.70.710.690.45-0.020.50.420.650.710.340.720.83-0.460.120.570.81-0.750.67-0.330.710.74
0.930.330.870.870.390.940.440.560.10.780.270.930.710.190.440.590.010.250.320.45-0.310.34-0.180.260.54
0.25-0.03-0.130.330.680.210.10.38-0.510.250.090.030.340.190.610.62-0.190.430.520.44-0.270.3-0.150.210.8
0.42-0.360.120.50.910.430.220.35-0.490.29-0.150.240.720.440.610.67-0.70.60.860.56-0.520.27-0.680.340.91
0.720.270.320.810.70.60.620.48-0.210.360.520.440.830.590.620.67-0.230.090.530.93-0.80.81-0.270.770.8
0.050.590.110.01-0.660.020.060.010.34-0.060.330.09-0.460.01-0.19-0.7-0.23-0.44-0.69-0.270.41-0.070.56-0.27-0.45
0.04-0.64-0.040.050.50.2-0.30.15-0.370.22-0.60.040.120.250.430.60.09-0.440.6-0.20.29-0.45-0.38-0.430.52
0.28-0.430.080.350.930.330.190.02-0.560.27-0.340.130.570.320.520.860.53-0.690.60.4-0.430.22-0.630.270.76
0.640.340.280.720.60.480.660.44-0.120.250.610.380.810.450.440.560.93-0.27-0.20.4-0.950.92-0.250.930.65
-0.48-0.21-0.2-0.56-0.59-0.34-0.6-0.230.19-0.14-0.46-0.25-0.75-0.31-0.27-0.52-0.80.410.29-0.43-0.95-0.890.38-0.95-0.52
0.570.540.30.640.40.370.720.21-0.060.210.710.340.670.340.30.270.81-0.07-0.450.220.92-0.89-0.020.950.41
-0.030.620.09-0.14-0.58-0.140.050.140.620.050.510.09-0.33-0.18-0.15-0.68-0.270.56-0.38-0.63-0.250.38-0.02-0.12-0.43
0.480.430.230.550.440.290.660.24-0.020.140.670.270.710.260.210.340.77-0.27-0.430.270.93-0.950.95-0.120.39
0.58-0.10.220.650.850.570.330.52-0.390.430.090.370.740.540.80.910.8-0.450.520.760.65-0.520.41-0.430.39
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Shandong Iron Account Relationship Matchups

Shandong Iron fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets69.5B68.5B72.5B69.0B66.8B44.4B
Other Current Liab3.6B4.7B4.0B4.1B287.7M273.3M
Total Current Liabilities28.4B30.4B34.2B28.8B28.6B22.7B
Total Stockholder Equity20.7B21.1B21.9B21.8B21.1B12.7B
Other Liab814.0M891.8M894.1M2.0B2.3B2.4B
Accounts Payable18.2B16.8B19.4B17.4B18.6B10.8B
Cash5.8B6.8B9.8B7.9B6.1B5.1B
Long Term Debt10.0B6.0B2.7B6.2B5.7B4.0B
Net Receivables5.7B97.2M243.9M277.7M373.9M355.2M
Inventory4.9B5.1B6.1B5.0B4.8B4.6B
Other Current Assets3.0B2.1B1.2B1.2B259.9M246.9M
Total Liab39.3B37.6B40.0B37.2B36.1B27.8B
Property Plant Equipment42.9B42.5B44.3B43.8B50.3B26.7B
Retained Earnings1.6B2.3B3.1B2.1B1.3B988.0M
Other Assets1.2B1.6B1.3B2.4B2.7B2.8B
Intangible Assets4.5B4.5B4.8B4.7B5.9B3.1B
Net Tangible Assets16.2B16.6B17.1B17.1B19.7B17.4B
Other Stockholder Equity17.0M(526.1K)7.6B7.6B8.7B9.2B
Deferred Long Term Liab2.5M2.5M2.3M2.1M2.4M2.2M
Short Long Term Debt3.7B5.0B6.2B3.6B3.7B3.9B
Total Current Assets19.5B18.1B20.1B16.2B14.6B15.4B
Non Current Assets Total50.1B50.4B52.5B52.8B52.1B51.8B
Non Currrent Assets Other560.0M886.8M610.6M1.6B12.2M11.6M
Non Current Liabilities Total10.9B7.3B5.8B8.4B7.5B7.8B
Net Debt5.1B7.4B4.2B2.0B3.2B4.0B
Net Invested Capital33.9B32.2B30.8B31.7B30.5B25.4B
Net Working Capital(8.9B)(12.3B)(14.1B)(12.7B)(14.0B)(14.7B)

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Other Information on Investing in Shandong Stock

Balance Sheet is a snapshot of the financial position of Shandong Iron at a specified time, usually calculated after every quarter, six months, or one year. Shandong Iron Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shandong Iron 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.