Sinomach Common Stock vs Non Current Assets Total Analysis

600335 Stock   6.56  0.21  3.10%   
Sinomach Automobile financial indicator trend analysis is much more than just breaking down Sinomach Automobile prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinomach Automobile is a good investment. Please check the relationship between Sinomach Automobile Common Stock and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinomach Automobile 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 nation.

Common Stock vs Non Current Assets Total

Common Stock vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinomach Automobile Common Stock account and Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sinomach Automobile's Common Stock and Non Current Assets Total is 0.69. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Sinomach Automobile Co, assuming nothing else is changed. The correlation between historical values of Sinomach Automobile's Common Stock and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Sinomach Automobile Co are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Common Stock i.e., Sinomach Automobile's Common Stock and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Common Stock

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.
Most indicators from Sinomach Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinomach Automobile 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 Sinomach Automobile 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 nation.
The current year's Tax Provision is expected to grow to about 161.5 M, whereas Selling General Administrative is forecasted to decline to about 549.3 M.
 2021 2022 2023 2024 (projected)
Operating Income961.7M1.1B873.3M857.2M
Total Revenue43.9B39.6B43.5B32.8B

Sinomach Automobile fundamental ratios Correlations

0.440.770.840.720.840.370.650.170.750.470.480.830.640.80.810.790.62-0.66-0.610.590.360.370.630.59-0.61
0.440.480.470.510.30.450.520.40.410.140.610.430.520.420.510.60.46-0.48-0.40.440.330.120.420.46-0.47
0.770.480.460.390.570.40.430.210.480.770.710.940.580.370.540.620.33-0.34-0.270.360.260.380.280.3-0.34
0.840.470.460.930.840.180.770.250.890.040.190.510.610.980.930.930.91-0.89-0.910.860.570.350.90.68-0.84
0.720.510.390.930.860.050.810.310.91-0.050.190.390.590.920.960.890.94-0.94-0.90.880.60.560.910.8-0.94
0.840.30.570.840.860.090.80.310.850.310.260.570.580.830.910.770.73-0.76-0.660.660.480.550.710.72-0.76
0.370.450.40.180.050.090.280.210.110.130.340.510.240.20.110.220.04-0.120.00.03-0.07-0.18-0.010.150.02
0.650.520.430.770.810.80.280.640.860.170.120.430.460.780.850.760.76-0.81-0.640.760.710.390.780.86-0.72
0.170.40.210.250.310.310.210.640.230.290.270.210.530.190.280.360.22-0.25-0.060.310.6-0.140.270.44-0.09
0.750.410.480.890.910.850.110.860.230.080.080.440.390.90.960.840.9-0.91-0.860.870.660.630.90.81-0.91
0.470.140.770.04-0.050.310.130.170.290.080.620.70.35-0.060.140.15-0.170.150.24-0.090.150.09-0.120.040.14
0.480.610.710.190.190.260.340.120.270.080.620.630.70.050.250.33-0.01-0.010.040.030.120.110.010.12-0.06
0.830.430.940.510.390.570.510.430.210.440.70.630.630.430.490.630.33-0.39-0.280.340.140.240.270.34-0.29
0.640.520.580.610.590.580.240.460.530.390.350.70.630.480.540.720.46-0.46-0.40.460.360.030.410.36-0.35
0.80.420.370.980.920.830.20.780.190.9-0.060.050.430.480.910.870.92-0.9-0.910.850.530.370.90.69-0.84
0.810.510.540.930.960.910.110.850.280.960.140.250.490.540.910.880.9-0.89-0.850.850.640.60.890.79-0.91
0.790.60.620.930.890.770.220.760.360.840.150.330.630.720.870.880.9-0.88-0.870.880.580.360.830.63-0.82
0.620.460.330.910.940.730.040.760.220.9-0.17-0.010.330.460.920.90.9-0.96-0.980.960.60.480.940.68-0.93
-0.66-0.48-0.34-0.89-0.94-0.76-0.12-0.81-0.25-0.910.15-0.01-0.39-0.46-0.9-0.89-0.88-0.960.92-0.89-0.51-0.53-0.89-0.830.94
-0.61-0.4-0.27-0.91-0.9-0.660.0-0.64-0.06-0.860.240.04-0.28-0.4-0.91-0.85-0.87-0.980.92-0.93-0.55-0.45-0.93-0.590.91
0.590.440.360.860.880.660.030.760.310.87-0.090.030.340.460.850.850.880.96-0.89-0.930.760.460.960.66-0.84
0.360.330.260.570.60.48-0.070.710.60.660.150.120.140.360.530.640.580.6-0.51-0.550.760.30.770.54-0.5
0.370.120.380.350.560.55-0.180.39-0.140.630.090.110.240.030.370.60.360.48-0.53-0.450.460.30.490.59-0.7
0.630.420.280.90.910.71-0.010.780.270.9-0.120.010.270.410.90.890.830.94-0.89-0.930.960.770.490.73-0.87
0.590.460.30.680.80.720.150.860.440.810.040.120.340.360.690.790.630.68-0.83-0.590.660.540.590.73-0.76
-0.61-0.47-0.34-0.84-0.94-0.760.02-0.72-0.09-0.910.14-0.06-0.29-0.35-0.84-0.91-0.82-0.930.940.91-0.84-0.5-0.7-0.87-0.76
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Sinomach Automobile Account Relationship Matchups

Sinomach Automobile fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets37.9B32.2B30.1B32.5B34.5B36.2B
Other Current Liab5.1B5.8B8.1B187.0M2.2B2.0B
Total Current Liabilities24.4B19.7B18.6B20.1B22.7B11.9B
Total Stockholder Equity10.1B10.5B10.6B11.2B10.9B11.5B
Other Liab578.6M710.4M680.9M563.4M648.0M680.4M
Accounts Payable14.9B9.8B7.3B11.3B13.2B13.9B
Cash5.8B4.4B5.2B3.2B3.6B2.7B
Other Assets2.3B3.3B1.9B1.6B1.8B1.9B
Long Term Debt2.5B1.4B80.4M234.0M34.1M32.4M
Net Receivables7.5B4.5B5.6B6.7B6.4B6.7B
Inventory12.1B6.7B3.5B7.3B7.1B5.8B
Other Current Assets3.4B3.4B3.9B1.1B1.5B1.8B
Total Liab27.6B21.8B19.6B21.3B23.6B12.3B
Intangible Assets823.9M771.1M690.7M636.8M624.3M349.0M
Property Plant Equipment3.1B3.3B2.5B2.7B3.1B3.2B
Retained Earnings5.6B5.9B6.0B6.0B5.9B3.6B
Net Tangible Assets8.9B9.3B9.8B9.9B11.4B8.7B
Other Stockholder Equity195.6M11.0M80.2M87.9M79.1M150.3M
Deferred Long Term Liab209.2M216.9M167.8M146.2M131.5M178.6M
Short Long Term Debt3.2B2.0B1.5B2.6B2.1B2.9B
Total Current Assets29.4B25.8B24.0B26.6B28.7B27.6B
Non Current Assets Total8.5B6.4B6.1B6.0B5.7B6.8B
Non Currrent Assets Other5.5B7.1M7.2M13.3M12.0M11.4M
Non Current Liabilities Total3.2B2.1B1.0B1.3B884.3M1.5B
Non Current Liabilities Other30.7M31.6M36.8M28.2M26.2M21.2M
Net Invested Capital15.8B14.0B12.2B14.1B13.1B11.5B
Net Working Capital4.9B6.2B5.4B6.5B6.0B5.9B

Currently Active Assets on Macroaxis

Other Information on Investing in Sinomach Stock

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