Metallurgical Retained Earnings vs Inventory Analysis

601618 Stock   3.12  0.04  1.27%   
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 Retained Earnings and its Inventory 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.

Retained Earnings vs Inventory

Retained Earnings vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Metallurgical Retained Earnings account and Inventory. At this time, the significance of the direction appears to have pay attention.
The correlation between Metallurgical's Retained Earnings and Inventory is -0.73. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Inventory 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 Retained Earnings and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Metallurgical of are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Retained Earnings i.e., Metallurgical's Retained Earnings and Inventory go up and down completely randomly.

Correlation Coefficient

-0.73
Relationship DirectionNegative 
Relationship StrengthWeak

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Inventory

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.
The current year's Selling General Administrative is expected to grow to about 9 B, whereas Tax Provision is forecasted to decline to about 2.5 B.
 2022 2023 2024 2025 (projected)
Gross Profit57.2B61.4B70.6B46.5B
Total Revenue592.7B633.9B729.0B420.0B

Metallurgical fundamental ratios Correlations

0.021.01.00.920.930.990.710.760.980.6-0.07-0.88-0.690.340.881.00.880.850.221.00.680.980.83-0.821.0
0.02-0.010.010.120.30.1-0.550.310.09-0.550.220.12-0.590.830.32-0.030.250.460.390.030.35-0.060.05-0.1-0.02
1.0-0.011.00.910.920.980.720.740.970.64-0.06-0.87-0.660.310.871.00.870.830.211.00.660.980.83-0.811.0
1.00.011.00.880.940.980.70.750.980.62-0.01-0.86-0.670.310.90.990.880.850.250.990.690.970.83-0.81.0
0.920.120.910.880.840.90.680.770.850.5-0.24-0.8-0.730.430.760.910.810.770.090.920.590.910.82-0.850.9
0.930.30.920.940.840.960.490.850.960.360.06-0.8-0.820.550.980.910.950.950.40.930.810.880.83-0.830.91
0.990.10.980.980.90.960.660.770.990.5-0.08-0.88-0.730.410.910.980.890.880.220.990.70.970.8-0.810.98
0.71-0.550.720.70.680.490.660.350.620.71-0.24-0.81-0.3-0.130.450.740.450.31-0.230.710.20.760.61-0.70.74
0.760.310.740.750.770.850.770.350.770.310.03-0.56-0.720.50.760.730.920.820.630.770.90.650.86-0.80.71
0.980.090.970.980.850.960.990.620.770.490.01-0.85-0.720.370.930.960.910.910.290.970.730.950.79-0.80.97
0.6-0.550.640.620.50.360.50.710.310.490.16-0.46-0.08-0.350.30.670.390.260.120.60.280.590.61-0.440.63
-0.070.22-0.06-0.01-0.240.06-0.08-0.240.030.010.160.24-0.23-0.10.14-0.050.030.230.59-0.090.26-0.180.070.02-0.06
-0.880.12-0.87-0.86-0.8-0.8-0.88-0.81-0.56-0.85-0.460.240.58-0.33-0.75-0.87-0.74-0.640.0-0.88-0.53-0.93-0.720.82-0.88
-0.69-0.59-0.66-0.67-0.73-0.82-0.73-0.3-0.72-0.72-0.08-0.230.58-0.68-0.81-0.65-0.72-0.88-0.37-0.69-0.67-0.62-0.630.77-0.67
0.340.830.310.310.430.550.41-0.130.50.37-0.35-0.1-0.33-0.680.550.290.540.570.270.350.480.30.37-0.480.3
0.880.320.870.90.760.980.910.450.760.930.30.14-0.75-0.810.550.850.890.940.350.880.720.820.75-0.790.88
1.0-0.031.00.990.910.910.980.740.730.960.67-0.05-0.87-0.650.290.850.860.820.211.00.660.980.84-0.811.0
0.880.250.870.880.810.950.890.450.920.910.390.03-0.74-0.720.540.890.860.90.520.890.880.810.89-0.860.85
0.850.460.830.850.770.950.880.310.820.910.260.23-0.64-0.880.570.940.820.90.50.840.810.770.72-0.730.82
0.220.390.210.250.090.40.22-0.230.630.290.120.590.0-0.370.270.350.210.520.50.220.820.060.47-0.280.16
1.00.031.00.990.920.930.990.710.770.970.6-0.09-0.88-0.690.350.881.00.890.840.220.690.980.84-0.830.99
0.680.350.660.690.590.810.70.20.90.730.280.26-0.53-0.670.480.720.660.880.810.820.690.570.8-0.690.63
0.98-0.060.980.970.910.880.970.760.650.950.59-0.18-0.93-0.620.30.820.980.810.770.060.980.570.78-0.780.98
0.830.050.830.830.820.830.80.610.860.790.610.07-0.72-0.630.370.750.840.890.720.470.840.80.78-0.90.81
-0.82-0.1-0.81-0.8-0.85-0.83-0.81-0.7-0.8-0.8-0.440.020.820.77-0.48-0.79-0.81-0.86-0.73-0.28-0.83-0.69-0.78-0.9-0.81
1.0-0.021.01.00.90.910.980.740.710.970.63-0.06-0.88-0.670.30.881.00.850.820.160.990.630.980.81-0.81
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Metallurgical Account Relationship Matchups

Metallurgical fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets506.4B543.5B585.4B661.6B760.8B529.2B
Other Current Liab206.1B223.2B19.1B27.0B31.0B29.5B
Total Current Liabilities331.8B358.9B385.8B448.8B516.1B354.4B
Total Stockholder Equity97.9B107.5B121.1B145.5B167.3B106.0B
Other Liab6.9B6.5B7.6B7.3B8.4B7.4B
Net Tangible Assets67.6B82.0B80.2B86.6B99.5B76.2B
Retained Earnings34.5B40.6B45.1B49.9B57.3B33.7B
Accounts Payable69.2B83.5B224.3B272.1B312.9B328.6B
Cash53.1B41.8B45.5B44.4B51.1B48.3B
Other Assets36.1B37.4B44.3B57.5B66.1B37.4B
Long Term Debt26.4B25.6B30.1B37.5B43.1B33.4B
Net Receivables69.4B83.9B93.4B130.0B117.0B104.4B
Good Will160.9M55.9M54.3M50.1M45.1M42.8M
Inventory60.6B61.8B79.9B80.1B72.1B67.2B
Other Current Assets36.6B48.3B12.4B17.5B20.1B26.3B
Other Stockholder Equity15.7B25.9B20.2B23.5B27.0B19.4B
Total Liab366.0B392.1B423.5B493.6B567.7B395.7B
Deferred Long Term Liab269.7M265.9M295.6M293.8M337.9M294.6M
Short Long Term Debt29.3B21.4B20.2B28.2B25.4B25.7B
Total Current Assets389.3B412.3B438.2B484.1B556.8B404.7B
Intangible Assets17.5B20.9B22.0B22.8B26.3B19.5B
Property Plant Equipment30.8B31.1B30.1B30.1B27.1B25.3B
Non Current Assets Total117.1B131.2B147.2B177.5B204.1B130.7B
Non Currrent Assets Other201.7M240.4M7.1B14.7B17.0B17.8B
Short Term Investments2.3B1.1M178.0M2.0M1.8M1.7M
Non Current Liabilities Total34.2B33.2B37.6B44.8B51.5B41.3B
Non Current Liabilities Other791.9M1.9B2.2B2.2B2.5B1.3B
Net Debt2.6B5.1B4.8B21.2B19.1B13.9B
Net Invested Capital153.6B154.4B171.4B211.2B242.8B184.6B
Net Working Capital57.5B53.4B52.4B35.3B40.6B51.0B
Property Plant And Equipment Net30.1B30.1B30.3B32.3B37.2B33.9B
Capital Lease Obligations237.0M369.1M569M501.3M576.5M435.3M
Property Plant And Equipment Gross57.3B58.0B30.3B32.3B29.1B37.6B

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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.