Sinomach Selling General Administrative vs Total Current Liabilities Analysis

600444 Stock   16.20  0.17  1.06%   
Sinomach General financial indicator trend analysis is much more than just breaking down Sinomach General Mac prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinomach General Mac is a good investment. Please check the relationship between Sinomach General Selling General Administrative and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinomach General Machinery. 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.

Selling General Administrative vs Total Current Liabilities

Selling General Administrative vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinomach General Mac Selling General Administrative account and Total Current Liabilities. At this time, the significance of the direction appears to have no relationship.
The correlation between Sinomach General's Selling General Administrative and Total Current Liabilities is 0.06. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Sinomach General Machinery, assuming nothing else is changed. The correlation between historical values of Sinomach General's Selling General Administrative and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Sinomach General Machinery are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Selling General Administrative i.e., Sinomach General's Selling General Administrative and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.06
Relationship DirectionPositive 
Relationship StrengthInsignificant

Selling General Administrative

Total Current Liabilities

Total Current Liabilities is an item on Sinomach General balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Sinomach General Machinery are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Sinomach General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinomach General Mac 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 General Machinery. 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 30.9 M, whereas Tax Provision is forecasted to decline to about 6.6 M.
 2021 2022 2023 2024 (projected)
Operating Income44.7M43.6M49.8M38.6M
Total Revenue841.9M787.8M755.0M509.4M

Sinomach General fundamental ratios Correlations

-0.250.50.890.650.940.820.330.50.940.50.530.390.9-0.470.8-0.810.830.820.170.81-0.72-0.70.18-0.17-0.74
-0.250.44-0.43-0.51-0.31-0.31-0.4-0.32-0.180.110.39-0.37-0.160.58-0.530.37-0.39-0.3-0.07-0.230.330.340.080.390.44
0.50.440.16-0.170.320.270.180.260.420.01.00.020.550.380.15-0.070.10.14-0.130.30.00.10.28-0.080.02
0.89-0.430.160.770.910.770.270.470.860.560.180.520.79-0.70.81-0.860.880.850.270.75-0.79-0.830.04-0.12-0.83
0.65-0.51-0.170.770.650.870.450.00.730.47-0.120.10.39-0.940.78-0.930.930.910.380.86-0.9-0.890.1-0.44-0.94
0.94-0.310.320.910.650.750.120.590.890.680.340.540.84-0.540.74-0.760.770.770.130.72-0.72-0.740.1-0.01-0.7
0.82-0.310.270.770.870.750.530.120.810.410.310.160.59-0.720.83-0.90.90.920.30.93-0.88-0.820.1-0.53-0.89
0.33-0.40.180.270.450.120.53-0.080.24-0.270.21-0.160.24-0.350.5-0.410.50.420.170.56-0.47-0.250.01-0.83-0.5
0.5-0.320.260.470.00.590.12-0.080.260.330.260.830.710.050.4-0.130.130.08-0.11-0.03-0.19-0.25-0.190.1-0.18
0.94-0.180.420.860.730.890.810.240.260.560.450.220.75-0.560.71-0.850.870.870.250.88-0.71-0.710.32-0.09-0.74
0.50.110.00.560.470.680.41-0.270.330.560.010.350.43-0.440.37-0.480.480.50.070.42-0.61-0.670.050.26-0.48
0.530.391.00.18-0.120.340.310.210.260.450.010.020.540.340.2-0.10.130.17-0.130.35-0.020.080.34-0.14-0.01
0.39-0.370.020.520.10.540.16-0.160.830.220.350.020.56-0.110.38-0.220.140.140.08-0.04-0.23-0.31-0.30.11-0.2
0.9-0.160.550.790.390.840.590.240.710.750.430.540.56-0.20.7-0.620.640.60.120.53-0.58-0.59-0.03-0.05-0.59
-0.470.580.38-0.7-0.94-0.54-0.72-0.350.05-0.56-0.440.34-0.11-0.2-0.670.8-0.81-0.78-0.27-0.710.810.82-0.020.350.84
0.8-0.530.150.810.780.740.830.50.40.710.370.20.380.7-0.67-0.780.830.720.010.72-0.79-0.810.17-0.5-0.88
-0.810.37-0.07-0.86-0.93-0.76-0.9-0.41-0.13-0.85-0.48-0.1-0.22-0.620.8-0.78-0.97-0.97-0.52-0.870.90.9-0.060.340.94
0.83-0.390.10.880.930.770.90.50.130.870.480.130.140.64-0.810.83-0.970.970.370.91-0.92-0.90.1-0.36-0.96
0.82-0.30.140.850.910.770.920.420.080.870.50.170.140.6-0.780.72-0.970.970.480.92-0.9-0.870.01-0.3-0.91
0.17-0.07-0.130.270.380.130.30.17-0.110.250.07-0.130.080.12-0.270.01-0.520.370.480.27-0.35-0.34-0.24-0.13-0.35
0.81-0.230.30.750.860.720.930.56-0.030.880.420.35-0.040.53-0.710.72-0.870.910.920.27-0.82-0.720.27-0.43-0.82
-0.720.330.0-0.79-0.9-0.72-0.88-0.47-0.19-0.71-0.61-0.02-0.23-0.580.81-0.790.9-0.92-0.9-0.35-0.820.950.130.430.96
-0.70.340.1-0.83-0.89-0.74-0.82-0.25-0.25-0.71-0.670.08-0.31-0.590.82-0.810.9-0.9-0.87-0.34-0.720.950.080.270.95
0.180.080.280.040.10.10.10.01-0.190.320.050.34-0.3-0.03-0.020.17-0.060.10.01-0.240.270.130.08-0.040.01
-0.170.39-0.08-0.12-0.44-0.01-0.53-0.830.1-0.090.26-0.140.11-0.050.35-0.50.34-0.36-0.3-0.13-0.430.430.27-0.040.47
-0.740.440.02-0.83-0.94-0.7-0.89-0.5-0.18-0.74-0.48-0.01-0.2-0.590.84-0.880.94-0.96-0.91-0.35-0.820.960.950.010.47
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Sinomach General Account Relationship Matchups

Sinomach General fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets921.6M1.2B1.2B1.1B1.3B788.1M
Other Current Liab112.5M298.1M289.0M25.0M38.3M36.4M
Total Current Liabilities326.0M561.6M563.0M464.1M565.2M431.3M
Total Stockholder Equity587.3M611.4M637.8M660.2M682.1M343.3M
Retained Earnings110.3M133.9M160.6M142.3M162.2M170.3M
Accounts Payable202.8M247.7M247.7M195.6M192.1M106.3M
Cash207.7M501.7M396.2M327.2M439.1M461.1M
Net Receivables288.9M175.3M179.5M175.9M180.0M165.8M
Inventory180.7M223.5M278.5M242.4M223.9M112.6M
Other Current Assets119.6M97.2M136.4M426.8K4.2M4.0M
Total Liab334.3M568.5M597.9M487.6M580.3M477.6M
Intangible Assets17.8M12.8M10.1M8.0M6.7M10.0M
Property Plant Equipment111.5M78.7M73.8M80.7M72.7M69.0M
Other Assets30.0M28.3M28.8M42.4M48.8M51.2M
Other Liab6.5M8.3M6.9M6.3M5.7M8.4M
Net Tangible Assets536.5M569.5M598.6M627.7M721.8M542.3M
Other Stockholder Equity1.4M1.5M2.0M1.6M1.9M1.3M
Deferred Long Term Liab11.9M7.5M6.6M6.2M7.1M6.5M
Total Current Assets796.8M1.1B1.1B932.3M1.1B924.7M
Non Current Assets Total124.8M115.5M148.3M215.5M113.0M132.4M
Non Currrent Assets Other71.0K719.7K15.1M76.6M69.0M43.1M
Non Current Liabilities Total8.3M6.9M34.9M23.4M15.1M17.0M
Net Invested Capital587.3M611.4M637.8M660.2M682.1M667.3M
Net Working Capital470.8M502.8M524.3M468.1M584.2M520.8M

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Other Information on Investing in Sinomach Stock

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