Shandong Free Cash Flow vs Net Income Analysis

600547 Stock

24.20 0.28 1.14%

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

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Gold Mining Free Cash Flow account and Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Shandong Gold's Free Cash Flow and Net Income is -0.09. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of Shandong Gold Mining, assuming nothing else is changed. The correlation between historical values of Shandong Gold's Free Cash Flow and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Shandong Gold Mining are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., Shandong Gold's Free Cash Flow and Net Income go up and down completely randomly.

Correlation Coefficient

-0.09

Relationship Direction	Negative
Relationship Strength	Insignificant

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Shandong Gold Mining financial statement analysis. It represents the amount of money remaining after all of Shandong Gold Mining operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Shandong Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Gold Mining 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 Gold Mining. 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 767 M, whereas Tax Provision is forecasted to decline to about 598.1 M.

	2021	2022	2023	2024 (projected)
Income Before Tax	22.5M	2.0B	3.6B	3.7B
Cost Of Revenue	30.4B	43.2B	49.4B	30.2B

Income Before Tax Cost Of Revenue

Shandong Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Retained Earnings	Other Assets	Good Will	Treasury Stock	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.25	0.99	0.92	0.91	0.96	0.9	0.11	0.96	0.28	1.0	0.12	0.95	0.97	0.9	0.85	0.7	0.89	-0.59	0.72	0.9	-0.17	0.87	0.99	0.89	0.83
Other Current Liab	0.25		0.34	0.55	-0.1	0.28	-0.03	0.31	0.08	0.51	0.22	0.93	0.44	0.44	0.54	0.53	0.41	-0.21	-0.57	0.52	0.08	-0.4	0.51	0.26	0.31	0.59
Total Current Liabilities	0.99	0.34		0.94	0.89	0.94	0.83	0.16	0.93	0.29	0.98	0.18	0.97	0.97	0.92	0.86	0.74	0.84	-0.59	0.77	0.86	-0.12	0.93	0.98	0.9	0.86
Total Stockholder Equity	0.92	0.55	0.94		0.74	0.88	0.72	0.23	0.84	0.38	0.9	0.42	0.97	0.98	0.97	0.95	0.78	0.66	-0.77	0.86	0.75	-0.35	0.93	0.91	0.84	0.9
Accounts Payable	0.91	-0.1	0.89	0.74		0.82	0.88	0.08	0.94	-0.06	0.92	-0.2	0.8	0.82	0.73	0.69	0.58	0.97	-0.41	0.53	0.81	-0.02	0.72	0.87	0.78	0.59
Cash	0.96	0.28	0.94	0.88	0.82		0.92	0.02	0.92	0.46	0.97	0.15	0.9	0.94	0.85	0.75	0.6	0.83	-0.53	0.66	0.96	-0.15	0.81	0.98	0.89	0.83
Long Term Debt	0.9	-0.03	0.83	0.72	0.88	0.92		-0.02	0.92	0.21	0.92	-0.12	0.75	0.83	0.71	0.63	0.44	0.92	-0.44	0.46	0.93	-0.15	0.62	0.89	0.78	0.61
Net Receivables	0.11	0.31	0.16	0.23	0.08	0.02	-0.02		0.23	-0.25	0.07	0.12	0.07	0.21	0.33	0.32	-0.08	0.05	-0.38	0.41	-0.11	-0.4	0.4	0.1	0.07	-0.03
Inventory	0.96	0.08	0.93	0.84	0.94	0.92	0.92	0.23		0.15	0.96	-0.08	0.86	0.92	0.85	0.77	0.57	0.94	-0.54	0.69	0.87	-0.21	0.83	0.95	0.84	0.7
Other Current Assets	0.28	0.51	0.29	0.38	-0.06	0.46	0.21	-0.25	0.15		0.28	0.45	0.39	0.34	0.26	0.23	0.29	0.0	-0.1	0.35	0.46	0.07	0.28	0.35	0.35	0.54
Total Liab	1.0	0.22	0.98	0.9	0.92	0.97	0.92	0.07	0.96	0.28		0.1	0.93	0.96	0.88	0.81	0.68	0.9	-0.55	0.68	0.92	-0.14	0.85	0.98	0.89	0.81
Intangible Assets	0.12	0.93	0.18	0.42	-0.2	0.15	-0.12	0.12	-0.08	0.45	0.1		0.32	0.3	0.38	0.46	0.38	-0.34	-0.49	0.31	-0.04	-0.42	0.29	0.1	0.17	0.47
Common Stock	0.95	0.44	0.97	0.97	0.8	0.9	0.75	0.07	0.86	0.39	0.93	0.32		0.97	0.92	0.9	0.83	0.73	-0.64	0.81	0.8	-0.19	0.91	0.94	0.87	0.92
Property Plant Equipment	0.97	0.44	0.97	0.98	0.82	0.94	0.83	0.21	0.92	0.34	0.96	0.3	0.97		0.96	0.93	0.74	0.77	-0.71	0.81	0.83	-0.3	0.92	0.96	0.88	0.88
Other Liab	0.9	0.54	0.92	0.97	0.73	0.85	0.71	0.33	0.85	0.26	0.88	0.38	0.92	0.96		0.92	0.71	0.67	-0.78	0.85	0.69	-0.43	0.94	0.9	0.83	0.88
Retained Earnings	0.85	0.53	0.86	0.95	0.69	0.75	0.63	0.32	0.77	0.23	0.81	0.46	0.9	0.93	0.92		0.78	0.58	-0.81	0.8	0.59	-0.44	0.84	0.79	0.72	0.78
Other Assets	0.7	0.41	0.74	0.78	0.58	0.6	0.44	-0.08	0.57	0.29	0.68	0.38	0.83	0.74	0.71	0.78		0.45	-0.47	0.7	0.51	-0.06	0.71	0.68	0.65	0.81
Good Will	0.89	-0.21	0.84	0.66	0.97	0.83	0.92	0.05	0.94	0.0	0.9	-0.34	0.73	0.77	0.67	0.58	0.45		-0.33	0.49	0.87	0.02	0.66	0.87	0.76	0.53
Treasury Stock	-0.59	-0.57	-0.59	-0.77	-0.41	-0.53	-0.44	-0.38	-0.54	-0.1	-0.55	-0.49	-0.64	-0.71	-0.78	-0.81	-0.47	-0.33		-0.67	-0.35	0.64	-0.65	-0.56	-0.51	-0.6
Net Tangible Assets	0.72	0.52	0.77	0.86	0.53	0.66	0.46	0.41	0.69	0.35	0.68	0.31	0.81	0.81	0.85	0.8	0.7	0.49	-0.67		0.54	-0.28	0.9	0.76	0.74	0.81
Other Stockholder Equity	0.9	0.08	0.86	0.75	0.81	0.96	0.93	-0.11	0.87	0.46	0.92	-0.04	0.8	0.83	0.69	0.59	0.51	0.87	-0.35	0.54		0.06	0.69	0.93	0.83	0.72
Deferred Long Term Liab	-0.17	-0.4	-0.12	-0.35	-0.02	-0.15	-0.15	-0.4	-0.21	0.07	-0.14	-0.42	-0.19	-0.3	-0.43	-0.44	-0.06	0.02	0.64	-0.28	0.06		-0.21	-0.14	-0.06	-0.19
Long Term Investments	0.87	0.51	0.93	0.93	0.72	0.81	0.62	0.4	0.83	0.28	0.85	0.29	0.91	0.92	0.94	0.84	0.71	0.66	-0.65	0.9	0.69	-0.21		0.89	0.81	0.85
Total Current Assets	0.99	0.26	0.98	0.91	0.87	0.98	0.89	0.1	0.95	0.35	0.98	0.1	0.94	0.96	0.9	0.79	0.68	0.87	-0.56	0.76	0.93	-0.14	0.89		0.9	0.86
Non Current Assets Total	0.89	0.31	0.9	0.84	0.78	0.89	0.78	0.07	0.84	0.35	0.89	0.17	0.87	0.88	0.83	0.72	0.65	0.76	-0.51	0.74	0.83	-0.06	0.81	0.9		0.87
Non Currrent Assets Other	0.83	0.59	0.86	0.9	0.59	0.83	0.61	-0.03	0.7	0.54	0.81	0.47	0.92	0.88	0.88	0.78	0.81	0.53	-0.6	0.81	0.72	-0.19	0.85	0.86	0.87

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Shandong Gold Account Relationship Matchups

Shandong Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	58.2B	63.9B	78.3B	90.7B	134.6B	141.3B
Other Current Liab	15.6B	12.1B	19.5B	23.0B	1.4B	1.4B
Total Current Liabilities	24.9B	26.7B	35.0B	34.7B	49.5B	51.9B
Total Stockholder Equity	23.1B	28.8B	29.2B	32.9B	33.1B	34.7B
Accounts Payable	2.9B	3.1B	4.9B	1.9B	10.6B	11.1B
Cash	3.3B	3.3B	5.0B	9.6B	10.2B	10.7B
Long Term Debt	2.6B	1.7B	5.3B	13.5B	23.2B	24.4B
Net Receivables	1.6B	169.7M	118.2M	141.2M	520.0M	324.9M
Inventory	3.6B	3.2B	3.0B	4.1B	8.8B	9.3B
Other Current Assets	355.9M	2.2B	752.5M	6.5B	992.9M	836.7M
Total Liab	32.3B	32.2B	46.5B	54.0B	81.3B	85.4B
Intangible Assets	10.6B	10.5B	19.4B	19.4B	1.5B	1.4B
Common Stock	3.1B	4.3B	4.5B	4.5B	5.1B	5.4B
Property Plant Equipment	26.1B	29.2B	31.6B	37.9B	43.6B	45.7B
Other Liab	5.2B	5.6B	6.1B	6.0B	6.9B	7.3B
Retained Earnings	12.5B	13.9B	13.3B	12.9B	14.4B	15.1B
Other Assets	1.5B	4.3B	3.3B	2.5B	2.8B	3.0B
Good Will	2.8B	2.7B	3.1B	3.2B	13.0B	13.6B
Net Tangible Assets	9.7B	14.6B	6.8B	10.7B	12.3B	8.7B
Other Stockholder Equity	45.6M	3.7B	5.9B	28.5B	32.7B	34.4B
Deferred Long Term Liab	56.3M	55.1M	60.6M	61.2M	70.3M	62.1M
Total Current Assets	10.4B	14.2B	14.3B	21.5B	28.6B	30.1B
Non Current Assets Total	42.5B	50.7B	64.0B	69.2B	106.0B	59.3B
Non Currrent Assets Other	910.6M	1.8B	1.8B	2.0B	1.8B	1.4B
Non Current Liabilities Total	7.5B	6.7B	11.5B	19.4B	31.9B	33.5B
Short Long Term Debt	3.2B	7.9B	5.8B	6.6B	20.2B	21.2B
Non Current Liabilities Other	918.7M	854.4M	911.7M	804.4M	917.3M	798.0M
Net Debt	2.1B	6.3B	6.1B	10.5B	33.2B	34.9B
Common Stock Shares Outstanding	4.3B	4.3B	4.3B	4.5B	5.1B	4.7B
Net Invested Capital	28.5B	38.3B	40.3B	53.0B	76.5B	45.9B
Net Working Capital	(14.5B)	(12.4B)	(20.7B)	(13.2B)	(20.8B)	(21.9B)
Short Term Investments	6.9B	3.1B	2.7B	3.0B	3.9B	3.6B

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Other Information on Investing in Shandong Stock

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

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Shandong Free Cash Flow vs Net Income Analysis

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

Correlation Coefficient

Free Cash Flow

Net Income

Shandong Gold fundamental ratios Correlations

Shandong Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shandong Gold fundamental ratios Accounts

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Other Information on Investing in Shandong Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.98	Total Current Liabilities
Total Current Assets	+ 0.98	Total Current Liabilities
Property Plant Equipment	+ 0.98	Total Stockholder Equity

Treasury Stock	- 0.81	Retained Earnings
Treasury Stock	- 0.78	Other Liab
Treasury Stock	- 0.77	Total Stockholder Equity
Treasury Stock	- 0.71	Property Plant Equipment
Net Tangible Assets	- 0.67	Treasury Stock
Long Term Investments	- 0.65	Treasury Stock