Metallurgical Good Will vs Other Stockholder Equity Analysis

601618 Stock   3.43  0.03  0.88%   
Metallurgical financial indicator trend analysis is infinitely more than just investigating Metallurgical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Metallurgical is a good investment. Please check the relationship between Metallurgical Good Will and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Metallurgical of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Good Will vs Other Stockholder Equity

Good Will vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Metallurgical Good Will account and Other Stockholder Equity. At this time, the significance of the direction appears to have pay attention.
The correlation between Metallurgical's Good Will and Other Stockholder Equity is -0.73. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Metallurgical of, assuming nothing else is changed. The correlation between historical values of Metallurgical's Good Will and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Metallurgical of are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Good Will i.e., Metallurgical's Good Will and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.73
Relationship DirectionNegative 
Relationship StrengthWeak

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Other Stockholder Equity

Most indicators from Metallurgical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Metallurgical 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 Metallurgical of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At present, Metallurgical's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 2.5 B, whereas Issuance Of Capital Stock is forecasted to decline to about 5.1 B.
 2021 2022 2023 2024 (projected)
Gross Profit53.1B57.2B61.4B46.5B
Total Revenue500.6B592.7B633.9B420.0B

Metallurgical fundamental ratios Correlations

0.191.00.990.920.960.990.60.720.980.25-0.06-0.88-0.730.450.911.00.920.880.271.00.730.970.87-0.870.99
0.190.150.170.150.370.25-0.560.420.18-0.630.220.05-0.650.840.390.130.30.540.40.190.390.070.05-0.120.13
1.00.150.990.930.960.990.620.70.980.3-0.05-0.88-0.710.420.91.00.920.870.271.00.720.960.88-0.881.0
0.990.170.990.90.970.980.590.710.990.30.01-0.85-0.710.420.930.990.920.890.320.990.740.940.89-0.860.99
0.920.150.930.90.840.90.650.640.860.32-0.2-0.8-0.680.410.750.930.80.760.120.930.570.90.83-0.840.92
0.960.370.960.970.840.970.410.790.970.130.09-0.78-0.80.570.970.950.950.950.430.960.810.880.85-0.830.95
0.990.250.990.980.90.970.550.720.980.16-0.08-0.87-0.750.490.920.980.910.90.260.990.720.960.82-0.840.98
0.6-0.560.620.590.650.410.550.170.540.6-0.27-0.77-0.21-0.170.380.640.380.21-0.290.60.120.690.59-0.680.66
0.720.420.70.710.640.790.720.170.70.030.05-0.47-0.710.540.70.70.860.780.680.740.90.570.74-0.740.66
0.980.180.980.990.860.970.980.540.70.260.03-0.83-0.70.390.930.980.920.910.320.980.740.940.84-0.820.98
0.25-0.630.30.30.320.130.160.60.030.260.29-0.260.11-0.530.060.330.230.040.180.240.20.230.55-0.360.3
-0.060.22-0.050.01-0.20.09-0.08-0.270.050.030.290.25-0.25-0.10.16-0.040.060.260.59-0.090.28-0.210.12-0.01-0.05
-0.880.05-0.88-0.85-0.8-0.78-0.87-0.77-0.47-0.83-0.260.250.56-0.37-0.73-0.88-0.73-0.610.0-0.88-0.51-0.95-0.740.83-0.89
-0.73-0.65-0.71-0.71-0.68-0.8-0.75-0.21-0.71-0.70.11-0.250.56-0.7-0.79-0.7-0.69-0.87-0.38-0.73-0.65-0.64-0.590.74-0.71
0.450.840.420.420.410.570.49-0.170.540.39-0.53-0.1-0.37-0.70.560.40.540.590.270.470.480.40.33-0.470.4
0.910.390.90.930.750.970.920.380.70.930.060.16-0.73-0.790.560.890.890.930.370.90.720.830.77-0.790.91
1.00.131.00.990.930.950.980.640.70.980.33-0.04-0.88-0.70.40.890.910.860.270.990.720.960.89-0.881.0
0.920.30.920.920.80.950.910.380.860.920.230.06-0.73-0.690.540.890.910.890.550.920.880.820.9-0.860.89
0.880.540.870.890.760.950.90.210.780.910.040.26-0.61-0.870.590.930.860.890.520.870.810.770.73-0.730.86
0.270.40.270.320.120.430.26-0.290.680.320.180.590.0-0.380.270.370.270.550.520.280.840.070.5-0.30.21
1.00.191.00.990.930.960.990.60.740.980.24-0.09-0.88-0.730.470.90.990.920.870.280.740.970.87-0.880.99
0.730.390.720.740.570.810.720.120.90.740.20.28-0.51-0.650.480.720.720.880.810.840.740.590.8-0.680.67
0.970.070.960.940.90.880.960.690.570.940.23-0.21-0.95-0.640.40.830.960.820.770.070.970.590.77-0.820.97
0.870.050.880.890.830.850.820.590.740.840.550.12-0.74-0.590.330.770.890.90.730.50.870.80.77-0.90.86
-0.87-0.12-0.88-0.86-0.84-0.83-0.84-0.68-0.74-0.82-0.36-0.010.830.74-0.47-0.79-0.88-0.86-0.73-0.3-0.88-0.68-0.82-0.9-0.87
0.990.131.00.990.920.950.980.660.660.980.3-0.05-0.89-0.710.40.911.00.890.860.210.990.670.970.86-0.87
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Metallurgical Account Relationship Matchups

Metallurgical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets458.5B506.4B543.5B585.4B661.6B529.2B
Other Current Liab174.6B206.1B223.2B19.1B27.0B25.6B
Total Current Liabilities305.9B331.8B358.9B385.8B448.8B354.4B
Total Stockholder Equity97.9B97.9B107.5B121.1B145.5B106.0B
Other Liab6.9B6.5B7.6B7.3B8.4B7.4B
Net Tangible Assets67.6B82.0B80.2B86.6B99.5B76.2B
Retained Earnings28.9B34.5B40.6B45.1B49.9B33.7B
Accounts Payable64.2B69.2B83.5B224.3B272.1B285.7B
Cash43.7B53.1B41.8B45.5B44.4B48.3B
Other Assets36.1B37.4B44.3B57.5B66.1B37.4B
Long Term Debt28.9B26.4B25.6B30.1B37.5B33.4B
Net Receivables214.0B69.4B83.9B93.4B130.0B104.4B
Good Will161.5M160.9M55.9M54.3M50.1M47.6M
Inventory60.6B60.6B61.8B79.9B80.1B67.2B
Other Current Assets27.0B36.6B48.3B12.4B17.5B26.3B
Other Stockholder Equity15.7B25.9B20.2B23.5B27.0B19.4B
Total Liab341.6B366.0B392.1B423.5B493.6B395.7B
Deferred Long Term Liab269.7M265.9M295.6M293.8M337.9M294.6M
Short Long Term Debt40.5B29.3B21.4B20.2B28.2B25.7B
Total Current Assets347.4B389.3B412.3B438.2B484.1B404.7B
Intangible Assets15.8B17.5B20.9B22.0B22.8B19.5B
Property Plant Equipment30.8B31.1B30.1B30.1B27.1B25.3B
Non Current Assets Total111.1B117.1B131.2B147.2B177.5B130.7B
Non Currrent Assets Other171.3M201.7M240.4M7.1B14.7B15.5B
Short Term Investments2.2B2.3B1.1M178.0M2.0M1.9M
Non Current Liabilities Total35.7B34.2B33.2B37.6B44.8B41.3B
Non Current Liabilities Other832.5M791.9M1.9B2.2B2.2B1.3B
Net Debt25.7B2.6B5.1B4.8B21.2B13.9B
Net Invested Capital167.3B153.6B154.4B171.4B211.2B184.6B
Net Working Capital41.5B57.5B53.4B52.4B35.3B51.0B

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Other Information on Investing in Metallurgical Stock

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