Mengtian Net Receivables vs Net Invested Capital Analysis

603216 Stock

10.28 0.35 3.29%

Mengtian Home financial indicator trend analysis is infinitely more than just investigating Mengtian Home Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mengtian Home Group is a good investment. Please check the relationship between Mengtian Home Net Receivables and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mengtian Home Group. 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 Receivables vs Net Invested Capital

Net Receivables vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mengtian Home Group Net Receivables account and Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Mengtian Home's Net Receivables and Net Invested Capital is 0.94. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Mengtian Home Group, assuming nothing else is changed. The correlation between historical values of Mengtian Home's Net Receivables and Net Invested Capital 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 Receivables of Mengtian Home Group are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Receivables i.e., Mengtian Home's Net Receivables and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Receivables

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Mengtian Home's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mengtian Home Group 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 Mengtian Home Group. 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 17.9 M, whereas Selling General Administrative is forecasted to decline to about 114.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	484.7M	443.6M	370.3M	357.9M
Total Revenue	1.5B	1.4B	1.3B	1.5B

Gross Profit Total Revenue

Mengtian Home fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Short Term Investments	Property Plant And Equipment Gross
Total Assets		-0.91	-0.52	1.0	0.98	-0.24	0.9	-0.66	-0.73	0.92	0.99	0.9	0.84	0.38	-0.5	1.0	-0.82	1.0	0.99	1.0	-0.92	-0.62	0.99	0.87
Other Current Liab	-0.91		0.38	-0.89	-0.93	0.17	-0.81	0.66	0.8	-0.8	-0.87	-0.81	-0.94	-0.32	0.36	-0.89	0.85	-0.9	-0.87	-0.88	0.88	0.6	-0.86	-0.78
Total Current Liabilities	-0.52	0.38		-0.55	-0.54	0.85	-0.24	0.69	0.44	-0.64	-0.61	-0.73	-0.19	-0.62	1.0	-0.55	0.54	-0.5	-0.61	-0.53	0.69	0.69	-0.55	-0.74
Total Stockholder Equity	1.0	-0.89	-0.55		0.98	-0.24	0.87	-0.63	-0.7	0.94	0.99	0.92	0.8	0.44	-0.52	1.0	-0.78	1.0	0.99	1.0	-0.91	-0.59	0.99	0.87
Retained Earnings	0.98	-0.93	-0.54	0.98		-0.29	0.8	-0.65	-0.79	0.96	0.96	0.9	0.8	0.46	-0.52	0.98	-0.83	0.98	0.96	0.98	-0.93	-0.6	0.96	0.89
Accounts Payable	-0.24	0.17	0.85	-0.24	-0.29		0.04	0.75	0.53	-0.4	-0.33	-0.35	-0.01	-0.23	0.87	-0.25	0.55	-0.21	-0.33	-0.22	0.56	0.77	-0.23	-0.66
Cash	0.9	-0.81	-0.24	0.87	0.8	0.04		-0.55	-0.52	0.66	0.89	0.73	0.9	0.08	-0.22	0.87	-0.7	0.89	0.89	0.87	-0.75	-0.52	0.9	0.67
Non Current Assets Total	-0.66	0.66	0.69	-0.63	-0.65	0.75	-0.55		0.83	-0.6	-0.72	-0.58	-0.64	-0.01	0.69	-0.63	0.93	-0.64	-0.72	-0.61	0.89	1.0	-0.63	-0.9
Non Currrent Assets Other	-0.73	0.8	0.44	-0.7	-0.79	0.53	-0.52	0.83		-0.75	-0.7	-0.55	-0.7	-0.06	0.44	-0.7	0.95	-0.72	-0.7	-0.69	0.88	0.79	-0.65	-0.88
Net Receivables	0.92	-0.8	-0.64	0.94	0.96	-0.4	0.66	-0.6	-0.75		0.91	0.89	0.61	0.57	-0.62	0.94	-0.75	0.92	0.91	0.94	-0.88	-0.55	0.91	0.89
Common Stock Shares Outstanding	0.99	-0.87	-0.61	0.99	0.96	-0.33	0.89	-0.72	-0.7	0.91		0.92	0.8	0.39	-0.59	0.99	-0.82	0.99	1.0	0.98	-0.93	-0.68	0.99	0.9
Non Current Liabilities Total	0.9	-0.81	-0.73	0.92	0.9	-0.35	0.73	-0.58	-0.55	0.89	0.92		0.66	0.7	-0.71	0.92	-0.65	0.9	0.92	0.92	-0.84	-0.54	0.92	0.8
Inventory	0.84	-0.94	-0.19	0.8	0.8	-0.01	0.9	-0.64	-0.7	0.61	0.8	0.66		0.03	-0.17	0.8	-0.81	0.83	0.8	0.79	-0.79	-0.6	0.8	0.67
Other Current Assets	0.38	-0.32	-0.62	0.44	0.46	-0.23	0.08	-0.01	-0.06	0.57	0.39	0.7	0.03		-0.6	0.44	-0.04	0.38	0.39	0.44	-0.31	0.02	0.41	0.29
Total Liab	-0.5	0.36	1.0	-0.52	-0.52	0.87	-0.22	0.69	0.44	-0.62	-0.59	-0.71	-0.17	-0.6		-0.53	0.53	-0.48	-0.59	-0.5	0.68	0.7	-0.53	-0.73
Net Invested Capital	1.0	-0.89	-0.55	1.0	0.98	-0.25	0.87	-0.63	-0.7	0.94	0.99	0.92	0.8	0.44	-0.53		-0.79	1.0	0.99	1.0	-0.91	-0.59	0.99	0.87
Short Long Term Debt	-0.82	0.85	0.54	-0.78	-0.83	0.55	-0.7	0.93	0.95	-0.75	-0.82	-0.65	-0.81	-0.04	0.53	-0.79		-0.8	-0.82	-0.77	0.95	0.9	-0.77	-0.94
Total Current Assets	1.0	-0.9	-0.5	1.0	0.98	-0.21	0.89	-0.64	-0.72	0.92	0.99	0.9	0.83	0.38	-0.48	1.0	-0.8		0.99	1.0	-0.91	-0.59	0.99	0.86
Capital Stock	0.99	-0.87	-0.61	0.99	0.96	-0.33	0.89	-0.72	-0.7	0.91	1.0	0.92	0.8	0.39	-0.59	0.99	-0.82	0.99		0.98	-0.93	-0.68	0.99	0.9
Net Working Capital	1.0	-0.88	-0.53	1.0	0.98	-0.22	0.87	-0.61	-0.69	0.94	0.98	0.92	0.79	0.44	-0.5	1.0	-0.77	1.0	0.98		-0.89	-0.56	0.99	0.85
Intangible Assets	-0.92	0.88	0.69	-0.91	-0.93	0.56	-0.75	0.89	0.88	-0.88	-0.93	-0.84	-0.79	-0.31	0.68	-0.91	0.95	-0.91	-0.93	-0.89		0.85	-0.89	-0.98
Property Plant And Equipment Net	-0.62	0.6	0.69	-0.59	-0.6	0.77	-0.52	1.0	0.79	-0.55	-0.68	-0.54	-0.6	0.02	0.7	-0.59	0.9	-0.59	-0.68	-0.56	0.85		-0.59	-0.87
Short Term Investments	0.99	-0.86	-0.55	0.99	0.96	-0.23	0.9	-0.63	-0.65	0.91	0.99	0.92	0.8	0.41	-0.53	0.99	-0.77	0.99	0.99	0.99	-0.89	-0.59		0.85
Property Plant And Equipment Gross	0.87	-0.78	-0.74	0.87	0.89	-0.66	0.67	-0.9	-0.88	0.89	0.9	0.8	0.67	0.29	-0.73	0.87	-0.94	0.86	0.9	0.85	-0.98	-0.87	0.85

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Mengtian Home Account Relationship Matchups

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Other Information on Investing in Mengtian Stock

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

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Mengtian Net Receivables vs Net Invested Capital Analysis

Net Receivables vs Net Invested Capital

Net Receivables vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Net Receivables

Net Invested Capital

Mengtian Home fundamental ratios Correlations

Mengtian Home Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Currently Active Assets on Macroaxis

Other Information on Investing in Mengtian Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Working Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity

Property Plant And Equipment Gross	- 0.98	Intangible Assets
Property Plant And Equipment Gross	- 0.94	Short Long Term Debt
Inventory	- 0.94	Other Current Liab
Intangible Assets	- 0.93	Capital Stock
Intangible Assets	- 0.93	Common Stock Shares Outstanding
Intangible Assets	- 0.93	Retained Earnings