Ningbo Cash vs Retained Earnings Analysis

605255 Stock

13.93 0.57 4.27%

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

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Tip Rubber Cash account and Retained Earnings. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Ningbo Tip's Cash and Retained Earnings is 0.54. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Ningbo Tip Rubber, assuming nothing else is changed. The correlation between historical values of Ningbo Tip's Cash and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Ningbo Tip Rubber are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash i.e., Ningbo Tip's Cash and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

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Cash

Cash refers to the most liquid asset of Ningbo Tip Rubber, which is listed under current asset account on Ningbo Tip Rubber balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ningbo Tip customers. The amounts must be unrestricted with restricted cash listed in a different Ningbo Tip account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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.

Most indicators from Ningbo Tip's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Tip Rubber 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 Ningbo Tip Rubber. 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.

As of November 29, 2024, Tax Provision is expected to decline to about 10.4 M. In addition to that, Selling General Administrative is expected to decline to about 12.2 M

	2021	2022	2023	2024 (projected)
Gross Profit	115.9M	110.0M	126.6M	100.0M
Total Revenue	306.3M	329.4M	348.4M	359.1M

Gross Profit Total Revenue

Ningbo Tip fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets
Total Assets		0.19	0.3	1.0	0.95	0.96	-0.18	0.2	0.65	0.88	-0.24	0.61	-0.13	0.93	0.97	0.79	0.91	0.14	-0.8	0.38	0.78	1.0	0.84	0.93	0.85	-0.6
Other Current Liab	0.19		0.98	0.11	0.0	0.04	0.54	0.97	0.24	0.03	0.76	-0.03	0.2	-0.05	0.36	-0.12	0.06	0.88	-0.02	0.97	-0.08	0.11	0.39	-0.05	0.23	0.38
Total Current Liabilities	0.3	0.98		0.22	0.07	0.12	0.55	0.99	0.34	0.1	0.71	-0.04	0.15	0.02	0.46	-0.08	0.16	0.88	-0.08	0.99	-0.02	0.22	0.48	0.02	0.33	0.27
Total Stockholder Equity	1.0	0.11	0.22		0.96	0.98	-0.22	0.11	0.64	0.89	-0.32	0.63	-0.12	0.95	0.95	0.82	0.92	0.08	-0.81	0.3	0.79	1.0	0.83	0.95	0.85	-0.62
Other Liab	0.95	0.0	0.07	0.96		1.0	-0.37	-0.04	0.53	0.91	-0.39	0.76	-0.14	1.0	0.87	0.91	0.9	-0.07	-0.85	0.16	0.84	0.96	0.73	1.0	0.78	-0.62
Net Tangible Assets	0.96	0.04	0.12	0.98	1.0		-0.31	0.01	0.58	0.91	-0.37	0.72	-0.08	0.98	0.9	0.88	0.9	0.0	-0.83	0.21	0.81	0.98	0.78	0.98	0.82	-0.58
Retained Earnings	-0.18	0.54	0.55	-0.22	-0.37	-0.31		0.6	0.54	-0.59	0.17	-0.77	0.67	-0.44	0.08	-0.7	-0.51	0.85	0.68	0.48	-0.73	-0.22	0.34	-0.44	0.26	0.6
Accounts Payable	0.2	0.97	0.99	0.11	-0.04	0.01	0.6		0.3	-0.01	0.73	-0.15	0.12	-0.07	0.38	-0.19	0.04	0.88	0.03	0.97	-0.11	0.11	0.4	-0.07	0.25	0.28
Cash	0.65	0.24	0.34	0.64	0.53	0.58	0.54	0.3		0.23	-0.42	-0.12	0.49	0.47	0.79	0.13	0.31	0.55	-0.07	0.35	0.05	0.64	0.93	0.47	0.94	-0.1
Non Current Assets Total	0.88	0.03	0.1	0.89	0.91	0.91	-0.59	-0.01	0.23		-0.14	0.88	-0.4	0.93	0.74	0.96	0.99	-0.2	-0.99	0.2	0.97	0.89	0.52	0.93	0.54	-0.69
Non Currrent Assets Other	-0.24	0.76	0.71	-0.32	-0.39	-0.37	0.17	0.73	-0.42	-0.14		-0.03	-0.2	-0.39	-0.18	-0.25	-0.13	0.46	0.04	0.69	-0.12	-0.32	-0.25	-0.39	-0.41	0.35
Other Assets	0.61	-0.03	-0.04	0.63	0.76	0.72	-0.77	-0.15	-0.12	0.88	-0.03		-0.41	0.78	0.44	0.95	0.79	-0.35	-0.92	0.06	0.9	0.63	0.21	0.78	0.23	-0.5
Net Receivables	-0.13	0.2	0.15	-0.12	-0.14	-0.08	0.67	0.12	0.49	-0.4	-0.2	-0.41		-0.23	0.03	-0.38	-0.39	0.56	0.5	0.13	-0.6	-0.12	0.36	-0.23	0.36	0.76
Common Stock Shares Outstanding	0.93	-0.05	0.02	0.95	1.0	0.98	-0.44	-0.07	0.47	0.93	-0.39	0.78	-0.23		0.84	0.93	0.91	-0.14	-0.87	0.12	0.88	0.95	0.68	1.0	0.73	-0.69
Short Term Investments	0.97	0.36	0.46	0.95	0.87	0.9	0.08	0.38	0.79	0.74	-0.18	0.44	0.03	0.84		0.63	0.79	0.37	-0.64	0.53	0.61	0.95	0.94	0.84	0.92	-0.46
Non Current Liabilities Total	0.79	-0.12	-0.08	0.82	0.91	0.88	-0.7	-0.19	0.13	0.96	-0.25	0.95	-0.38	0.93	0.63		0.91	-0.35	-0.96	0.02	0.96	0.82	0.41	0.93	0.46	-0.66
Inventory	0.91	0.06	0.16	0.92	0.9	0.9	-0.51	0.04	0.31	0.99	-0.13	0.79	-0.39	0.91	0.79	0.91		-0.14	-0.96	0.25	0.94	0.92	0.57	0.91	0.59	-0.71
Other Current Assets	0.14	0.88	0.88	0.08	-0.07	0.0	0.85	0.88	0.55	-0.2	0.46	-0.35	0.56	-0.14	0.37	-0.35	-0.14		0.27	0.85	-0.37	0.08	0.55	-0.14	0.42	0.54
Other Stockholder Equity	-0.8	-0.02	-0.08	-0.81	-0.85	-0.83	0.68	0.03	-0.07	-0.99	0.04	-0.92	0.5	-0.87	-0.64	-0.96	-0.96	0.27		-0.18	-0.98	-0.81	-0.38	-0.87	-0.4	0.69
Total Liab	0.38	0.97	0.99	0.3	0.16	0.21	0.48	0.97	0.35	0.2	0.69	0.06	0.13	0.12	0.53	0.02	0.25	0.85	-0.18		0.08	0.3	0.53	0.12	0.38	0.21
Deferred Long Term Liab	0.78	-0.08	-0.02	0.79	0.84	0.81	-0.73	-0.11	0.05	0.97	-0.12	0.9	-0.6	0.88	0.61	0.96	0.94	-0.37	-0.98	0.08		0.79	0.33	0.88	0.36	-0.8
Net Invested Capital	1.0	0.11	0.22	1.0	0.96	0.98	-0.22	0.11	0.64	0.89	-0.32	0.63	-0.12	0.95	0.95	0.82	0.92	0.08	-0.81	0.3	0.79		0.83	0.95	0.85	-0.62
Total Current Assets	0.84	0.39	0.48	0.83	0.73	0.78	0.34	0.4	0.93	0.52	-0.25	0.21	0.36	0.68	0.94	0.41	0.57	0.55	-0.38	0.53	0.33	0.83		0.68	0.99	-0.18
Capital Stock	0.93	-0.05	0.02	0.95	1.0	0.98	-0.44	-0.07	0.47	0.93	-0.39	0.78	-0.23	1.0	0.84	0.93	0.91	-0.14	-0.87	0.12	0.88	0.95	0.68		0.73	-0.69
Net Working Capital	0.85	0.23	0.33	0.85	0.78	0.82	0.26	0.25	0.94	0.54	-0.41	0.23	0.36	0.73	0.92	0.46	0.59	0.42	-0.4	0.38	0.36	0.85	0.99	0.73		-0.25
Intangible Assets	-0.6	0.38	0.27	-0.62	-0.62	-0.58	0.6	0.28	-0.1	-0.69	0.35	-0.5	0.76	-0.69	-0.46	-0.66	-0.71	0.54	0.69	0.21	-0.8	-0.62	-0.18	-0.69	-0.25

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

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Ningbo Cash vs Retained Earnings Analysis

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

Correlation Coefficient

Cash

Retained Earnings

Ningbo Tip fundamental ratios Correlations

Ningbo Tip Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Other Information on Investing in Ningbo Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Net Tangible Assets	+ 1.0	Other Liab
Common Stock Shares Outstanding	+ 1.0	Other Liab
Capital Stock	+ 1.0	Other Liab

Other Stockholder Equity	- 0.99	Non Current Assets Total
Deferred Long Term Liab	- 0.98	Other Stockholder Equity
Other Stockholder Equity	- 0.96	Inventory
Other Stockholder Equity	- 0.96	Non Current Liabilities Total
Other Stockholder Equity	- 0.92	Other Assets
Capital Stock	- 0.87	Other Stockholder Equity