Hefei Net Borrowings vs Net Income Analysis

603011 Stock

7.66 0.42 5.20%

Hefei Metalforming financial indicator trend analysis is much more than just examining Hefei Metalforming Mach latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hefei Metalforming Mach is a good investment. Please check the relationship between Hefei Metalforming Net Borrowings and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hefei Metalforming Mach. 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.

Net Borrowings vs Net Income

Net Borrowings vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hefei Metalforming Mach Net Borrowings account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Hefei Metalforming's Net Borrowings and Net Income is -0.3. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Net Income in the same time period over historical financial statements of Hefei Metalforming Mach, assuming nothing else is changed. The correlation between historical values of Hefei Metalforming's Net Borrowings 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 Net Borrowings of Hefei Metalforming Mach 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 Net Borrowings i.e., Hefei Metalforming's Net Borrowings and Net Income go up and down completely randomly.

Correlation Coefficient

-0.3

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Net Income

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

Most indicators from Hefei Metalforming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hefei Metalforming Mach 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 Hefei Metalforming Mach. 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 Tax Provision is expected to grow to about 50 M, whereas Selling General Administrative is forecasted to decline to about 133.7 M.

	2021	2022	2023	2024 (projected)
Operating Income	99.3M	174.5M	134.5M	79.0M
Total Revenue	1.2B	1.7B	1.8B	913.2M

Operating Income Total Revenue

Hefei Metalforming fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Good Will	Non Current Liabilities Total	Short Long Term Debt
Total Assets		-0.09	0.77	0.94	0.75	0.89	0.78	0.72	0.84	-0.2	0.96	0.85	0.38	0.78	0.81	0.89	0.93	-0.17	0.91	0.87	0.97	0.89	-0.84	0.54	0.58	0.93
Other Current Liab	-0.09		-0.37	0.03	0.06	0.02	-0.31	-0.52	-0.1	0.23	-0.29	-0.26	0.48	-0.36	0.02	0.15	0.09	0.37	0.08	0.24	-0.24	-0.17	-0.04	-0.51	-0.12	-0.17
Total Current Liabilities	0.77	-0.37		0.6	0.43	0.61	0.99	0.96	0.81	-0.04	0.76	0.97	0.09	1.0	0.66	0.5	0.62	-0.57	0.64	0.61	0.88	0.94	-0.64	0.79	0.49	0.89
Total Stockholder Equity	0.94	0.03	0.6		0.85	0.93	0.61	0.55	0.82	-0.31	0.89	0.74	0.55	0.61	0.83	0.98	0.97	0.08	0.98	0.94	0.84	0.77	-0.86	0.4	0.6	0.78
Other Liab	0.75	0.06	0.43	0.85		0.93	0.42	0.34	0.69	-0.57	0.78	0.58	0.64	0.44	0.61	0.85	0.81	0.1	0.82	0.8	0.63	0.62	-0.73	0.3	0.64	0.58
Retained Earnings	0.89	0.02	0.61	0.93	0.93		0.61	0.52	0.82	-0.5	0.88	0.74	0.56	0.62	0.68	0.9	0.89	-0.08	0.89	0.89	0.81	0.79	-0.83	0.38	0.59	0.78
Accounts Payable	0.78	-0.31	0.99	0.61	0.42	0.61		0.95	0.8	0.01	0.75	0.97	0.11	0.99	0.65	0.51	0.63	-0.56	0.65	0.63	0.89	0.94	-0.66	0.74	0.49	0.9
Cash	0.72	-0.52	0.96	0.55	0.34	0.52	0.95		0.75	-0.03	0.73	0.92	0.01	0.96	0.58	0.43	0.54	-0.63	0.58	0.49	0.85	0.86	-0.56	0.79	0.45	0.82
Other Assets	0.84	-0.1	0.81	0.82	0.69	0.82	0.8	0.75		-0.27	0.77	0.9	0.27	0.81	0.76	0.77	0.74	-0.23	0.84	0.82	0.84	0.84	-0.64	0.61	0.44	0.8
Long Term Debt	-0.2	0.23	-0.04	-0.31	-0.57	-0.5	0.01	-0.03	-0.27		-0.32	-0.12	-0.27	-0.03	-0.05	-0.3	-0.22	-0.06	-0.26	-0.21	-0.13	-0.09	0.15	-0.09	-0.04	-0.05
Net Receivables	0.96	-0.29	0.76	0.89	0.78	0.88	0.75	0.73	0.77	-0.32		0.81	0.32	0.76	0.73	0.82	0.88	-0.21	0.85	0.77	0.94	0.86	-0.8	0.59	0.64	0.89
Inventory	0.85	-0.26	0.97	0.74	0.58	0.74	0.97	0.92	0.9	-0.12	0.81		0.25	0.98	0.76	0.66	0.74	-0.45	0.78	0.75	0.91	0.97	-0.74	0.77	0.54	0.9
Other Current Assets	0.38	0.48	0.09	0.55	0.64	0.56	0.11	0.01	0.27	-0.27	0.32	0.25		0.1	0.44	0.63	0.64	0.15	0.62	0.66	0.22	0.34	-0.65	-0.03	0.51	0.2
Total Liab	0.78	-0.36	1.0	0.61	0.44	0.62	0.99	0.96	0.81	-0.03	0.76	0.98	0.1		0.67	0.51	0.63	-0.56	0.65	0.62	0.89	0.94	-0.65	0.78	0.5	0.9
Intangible Assets	0.81	0.02	0.66	0.83	0.61	0.68	0.65	0.58	0.76	-0.05	0.73	0.76	0.44	0.67		0.85	0.88	0.1	0.9	0.86	0.75	0.79	-0.74	0.64	0.5	0.72
Common Stock	0.89	0.15	0.5	0.98	0.85	0.9	0.51	0.43	0.77	-0.3	0.82	0.66	0.63	0.51	0.85		0.97	0.19	0.98	0.96	0.76	0.71	-0.85	0.33	0.56	0.7
Property Plant Equipment	0.93	0.09	0.62	0.97	0.81	0.89	0.63	0.54	0.74	-0.22	0.88	0.74	0.64	0.63	0.88	0.97		0.06	0.97	0.95	0.83	0.81	-0.92	0.44	0.64	0.8
Short Term Investments	-0.17	0.37	-0.57	0.08	0.1	-0.08	-0.56	-0.63	-0.23	-0.06	-0.21	-0.45	0.15	-0.56	0.1	0.19	0.06		0.07	0.08	-0.35	-0.43	0.07	-0.47	-0.07	-0.39
Net Tangible Assets	0.91	0.08	0.64	0.98	0.82	0.89	0.65	0.58	0.84	-0.26	0.85	0.78	0.62	0.65	0.9	0.98	0.97	0.07		0.97	0.82	0.81	-0.88	0.46	0.61	0.77
Other Stockholder Equity	0.87	0.24	0.61	0.94	0.8	0.89	0.63	0.49	0.82	-0.21	0.77	0.75	0.66	0.62	0.86	0.96	0.95	0.08	0.97		0.77	0.8	-0.89	0.34	0.6	0.77
Total Current Assets	0.97	-0.24	0.88	0.84	0.63	0.81	0.89	0.85	0.84	-0.13	0.94	0.91	0.22	0.89	0.75	0.76	0.83	-0.35	0.82	0.77		0.92	-0.76	0.66	0.54	0.97
Non Current Assets Total	0.89	-0.17	0.94	0.77	0.62	0.79	0.94	0.86	0.84	-0.09	0.86	0.97	0.34	0.94	0.79	0.71	0.81	-0.43	0.81	0.8	0.92		-0.82	0.71	0.62	0.95
Non Currrent Assets Other	-0.84	-0.04	-0.64	-0.86	-0.73	-0.83	-0.66	-0.56	-0.64	0.15	-0.8	-0.74	-0.65	-0.65	-0.74	-0.85	-0.92	0.07	-0.88	-0.89	-0.76	-0.82		-0.33	-0.71	-0.79
Good Will	0.54	-0.51	0.79	0.4	0.3	0.38	0.74	0.79	0.61	-0.09	0.59	0.77	-0.03	0.78	0.64	0.33	0.44	-0.47	0.46	0.34	0.66	0.71	-0.33		0.21	0.6
Non Current Liabilities Total	0.58	-0.12	0.49	0.6	0.64	0.59	0.49	0.45	0.44	-0.04	0.64	0.54	0.51	0.5	0.5	0.56	0.64	-0.07	0.61	0.6	0.54	0.62	-0.71	0.21		0.56
Short Long Term Debt	0.93	-0.17	0.89	0.78	0.58	0.78	0.9	0.82	0.8	-0.05	0.89	0.9	0.2	0.9	0.72	0.7	0.8	-0.39	0.77	0.77	0.97	0.95	-0.79	0.6	0.56

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Hefei Metalforming Account Relationship Matchups

Hefei Metalforming fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	2.7B	3.1B	4.0B	4.3B	2.3B
Other Current Liab	108.7M	162.7M	222.4M	30.0M	38.9M	36.9M
Total Current Liabilities	771.6M	937.8M	1.3B	1.8B	2.1B	2.2B
Total Stockholder Equity	1.7B	1.7B	1.8B	2.2B	2.2B	1.4B
Other Liab	40.3M	28.3M	49.8M	39.6M	45.5M	36.3M
Retained Earnings	243.4M	260.4M	324.8M	302.2M	318.8M	239.0M
Accounts Payable	304.8M	402.1M	593.8M	774.9M	830.9M	872.5M
Cash	119.3M	232.7M	233.9M	667.8M	690.1M	724.6M
Other Assets	26.0M	31.7M	51.1M	69.7M	80.1M	84.1M
Net Receivables	496.8M	385.5M	473.4M	730.3M	803.4M	435.8M
Inventory	490.5M	613.0M	821.9M	934.9M	1.2B	1.2B
Other Current Assets	39.5M	49.0M	74.4M	12.9M	30.5M	39.6M
Total Liab	836.3M	971.3M	1.3B	1.8B	2.1B	2.2B
Intangible Assets	87.8M	83.7M	81.7M	79.6M	93.7M	87.1M
Common Stock	453.2M	453.1M	450.7M	448.9M	516.3M	346.1M
Property Plant Equipment	386.2M	387.8M	372.2M	386.4M	444.4M	338.2M
Short Term Investments	231.3M	77.6M	51.4M	20.2M	26.8K	25.4K
Net Tangible Assets	1.1B	1.1B	1.1B	1.2B	1.3B	1.1B
Other Stockholder Equity	4.9M	5.3M	6.4M	4.5M	5.2M	4.6M
Total Current Assets	1.4B	1.5B	1.9B	2.8B	3.0B	1.8B
Non Current Assets Total	1.1B	1.1B	1.2B	1.2B	1.3B	1.2B
Non Currrent Assets Other	4.2M	6.0M	7.9M	699.6K	8.4M	9.0M
Non Current Liabilities Total	64.5M	33.5M	54.5M	58.6M	47.5M	55.0M
Short Long Term Debt	297.0M	313.9M	419.8M	557.7M	585.1M	326.5M
Non Current Liabilities Other	1.9M	1.6M	3.1M	4.2M	8.9M	9.3M
Common Stock Shares Outstanding	453.1M	450.7M	448.9M	494.4M	568.6M	509.3M
Net Invested Capital	2.0B	2.0B	2.2B	2.8B	2.8B	2.4B
Net Working Capital	605.8M	587.8M	604.5M	1.0B	971.3M	821.0M
Capital Stock	453.1M	450.7M	448.9M	494.4M	568.6M	512.4M

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Other Information on Investing in Hefei Stock

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

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Hefei Net Borrowings vs Net Income Analysis

Net Borrowings vs Net Income

Net Borrowings vs Net Income Correlation Analysis

Correlation Coefficient

Net Borrowings

Net Income

Hefei Metalforming fundamental ratios Correlations

Hefei Metalforming Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hefei Metalforming fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Hefei Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Accounts Payable	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Accounts Payable
Common Stock	+ 0.98	Total Stockholder Equity
Net Tangible Assets	+ 0.98	Total Stockholder Equity
Total Liab	+ 0.98	Inventory

Non Currrent Assets Other	- 0.92	Property Plant Equipment
Non Currrent Assets Other	- 0.89	Other Stockholder Equity
Non Currrent Assets Other	- 0.88	Net Tangible Assets
Non Currrent Assets Other	- 0.86	Total Stockholder Equity
Non Currrent Assets Other	- 0.85	Common Stock
Non Currrent Assets Other	- 0.84	Total Assets