Niutech Net Receivables vs Retained Earnings Analysis

688309 Stock

14.04 0.76 5.14%

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

Net Receivables vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Niutech Environment Net Receivables account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Niutech Environment's Net Receivables and Retained Earnings is 0.89. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Niutech Environment Technology, assuming nothing else is changed. The correlation between historical values of Niutech Environment's Net Receivables 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 Net Receivables of Niutech Environment Technology 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 Net Receivables i.e., Niutech Environment's Net Receivables and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Receivables

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 Niutech Environment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Niutech Environment 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 Niutech Environment Technology. 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.

As of November 24, 2024, Tax Provision is expected to decline to about 1.8 M. In addition to that, Selling General Administrative is expected to decline to about 13.7 M

	2021	2022	2023	2024 (projected)
Gross Profit	39.8M	70.2M	89.6M	85.0M
Total Revenue	84.6M	165.3M	163.9M	177.2M

Gross Profit Total Revenue

Niutech Environment fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Deferred Long Term Liab
Total Assets		-0.21	0.61	1.0	0.99	0.96	0.88	0.86	0.93	-0.78	-0.23	-0.42	0.85	0.98	-0.8	0.14	0.59	0.59	0.99	0.98	0.95	0.9	0.97	0.87	0.88	0.86
Other Current Liab	-0.21		0.49	-0.29	-0.31	-0.01	-0.24	-0.23	-0.18	-0.36	-0.83	0.08	-0.09	-0.01	-0.41	0.46	0.56	0.49	-0.3	-0.22	-0.33	0.11	-0.01	-0.15	-0.15	-0.14
Total Current Liabilities	0.61	0.49		0.53	0.52	0.73	0.71	0.41	0.7	-0.92	-0.78	-0.41	0.42	0.74	-0.88	0.6	0.86	1.0	0.52	0.53	0.39	0.77	0.74	0.71	0.64	0.54
Total Stockholder Equity	1.0	-0.29	0.53		1.0	0.94	0.86	0.87	0.9	-0.72	-0.15	-0.4	0.86	0.95	-0.75	0.08	0.52	0.51	1.0	0.99	0.97	0.87	0.95	0.84	0.86	0.85
Net Tangible Assets	0.99	-0.31	0.52	1.0		0.92	0.87	0.86	0.91	-0.7	-0.11	-0.38	0.83	0.95	-0.72	0.06	0.51	0.49	1.0	0.97	0.96	0.85	0.95	0.83	0.85	0.84
Retained Earnings	0.96	-0.01	0.73	0.94	0.92		0.86	0.77	0.87	-0.88	-0.47	-0.39	0.89	0.98	-0.89	0.38	0.64	0.71	0.93	0.95	0.9	0.99	0.98	0.83	0.94	0.93
Accounts Payable	0.88	-0.24	0.71	0.86	0.87	0.86		0.61	0.93	-0.73	-0.22	-0.49	0.62	0.88	-0.67	0.33	0.49	0.7	0.86	0.81	0.75	0.82	0.88	0.87	0.89	0.78
Cash	0.86	-0.23	0.41	0.87	0.86	0.77	0.61		0.82	-0.67	-0.09	-0.29	0.67	0.81	-0.68	-0.1	0.58	0.39	0.87	0.84	0.84	0.7	0.81	0.76	0.59	0.63
Non Current Assets Total	0.93	-0.18	0.7	0.9	0.91	0.87	0.93	0.82		-0.81	-0.21	-0.5	0.6	0.92	-0.75	0.2	0.64	0.69	0.9	0.84	0.78	0.82	0.92	0.93	0.8	0.73
Non Currrent Assets Other	-0.78	-0.36	-0.92	-0.72	-0.7	-0.88	-0.73	-0.67	-0.81		0.72	0.47	-0.64	-0.88	0.96	-0.55	-0.85	-0.91	-0.71	-0.72	-0.61	-0.91	-0.87	-0.82	-0.77	-0.72
Other Assets	-0.23	-0.83	-0.78	-0.15	-0.11	-0.47	-0.22	-0.09	-0.21	0.72		0.06	-0.35	-0.41	0.72	-0.76	-0.68	-0.78	-0.14	-0.22	-0.09	-0.58	-0.41	-0.23	-0.37	-0.38
Long Term Debt	-0.42	0.08	-0.41	-0.4	-0.38	-0.39	-0.49	-0.29	-0.5	0.47	0.06		-0.24	-0.46	0.42	-0.08	-0.34	-0.42	-0.4	-0.36	-0.31	-0.37	-0.41	-0.75	-0.47	-0.29
Net Receivables	0.85	-0.09	0.42	0.86	0.83	0.89	0.62	0.67	0.6	-0.64	-0.35	-0.24		0.84	-0.74	0.22	0.4	0.39	0.86	0.92	0.92	0.88	0.84	0.59	0.84	0.9
Common Stock Shares Outstanding	0.98	-0.01	0.74	0.95	0.95	0.98	0.88	0.81	0.92	-0.88	-0.41	-0.46	0.84		-0.9	0.28	0.7	0.72	0.95	0.95	0.89	0.95	1.0	0.87	0.9	0.87
Non Current Liabilities Total	-0.8	-0.41	-0.88	-0.75	-0.72	-0.89	-0.67	-0.68	-0.75	0.96	0.72	0.42	-0.74	-0.9		-0.42	-0.89	-0.86	-0.74	-0.78	-0.68	-0.91	-0.89	-0.76	-0.74	-0.71
Inventory	0.14	0.46	0.6	0.08	0.06	0.38	0.33	-0.1	0.2	-0.55	-0.76	-0.08	0.22	0.28	-0.42		0.22	0.6	0.08	0.1	0.0	0.51	0.29	0.19	0.5	0.5
Other Current Assets	0.59	0.56	0.86	0.52	0.51	0.64	0.49	0.58	0.64	-0.85	-0.68	-0.34	0.4	0.7	-0.89	0.22		0.85	0.52	0.53	0.41	0.65	0.7	0.64	0.4	0.35
Total Liab	0.59	0.49	1.0	0.51	0.49	0.71	0.7	0.39	0.69	-0.91	-0.78	-0.42	0.39	0.72	-0.86	0.6	0.85		0.5	0.51	0.36	0.75	0.71	0.7	0.62	0.52
Net Invested Capital	0.99	-0.3	0.52	1.0	1.0	0.93	0.86	0.87	0.9	-0.71	-0.14	-0.4	0.86	0.95	-0.74	0.08	0.52	0.5		0.99	0.97	0.87	0.95	0.84	0.87	0.85
Total Current Assets	0.98	-0.22	0.53	0.99	0.97	0.95	0.81	0.84	0.84	-0.72	-0.22	-0.36	0.92	0.95	-0.78	0.1	0.53	0.51	0.99		0.99	0.9	0.95	0.79	0.87	0.87
Net Working Capital	0.95	-0.33	0.39	0.97	0.96	0.9	0.75	0.84	0.78	-0.61	-0.09	-0.31	0.92	0.89	-0.68	0.0	0.41	0.36	0.97	0.99		0.83	0.89	0.73	0.83	0.85
Intangible Assets	0.9	0.11	0.77	0.87	0.85	0.99	0.82	0.7	0.82	-0.91	-0.58	-0.37	0.88	0.95	-0.91	0.51	0.65	0.75	0.87	0.9	0.83		0.95	0.79	0.94	0.93
Common Stock	0.97	-0.01	0.74	0.95	0.95	0.98	0.88	0.81	0.92	-0.87	-0.41	-0.41	0.84	1.0	-0.89	0.29	0.7	0.71	0.95	0.95	0.89	0.95		0.85	0.89	0.87
Property Plant Equipment	0.87	-0.15	0.71	0.84	0.83	0.83	0.87	0.76	0.93	-0.82	-0.23	-0.75	0.59	0.87	-0.76	0.19	0.64	0.7	0.84	0.79	0.73	0.79	0.85		0.79	0.67
Other Liab	0.88	-0.15	0.64	0.86	0.85	0.94	0.89	0.59	0.8	-0.77	-0.37	-0.47	0.84	0.9	-0.74	0.5	0.4	0.62	0.87	0.87	0.83	0.94	0.89	0.79		0.97
Deferred Long Term Liab	0.86	-0.14	0.54	0.85	0.84	0.93	0.78	0.63	0.73	-0.72	-0.38	-0.29	0.9	0.87	-0.71	0.5	0.35	0.52	0.85	0.87	0.85	0.93	0.87	0.67	0.97

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Niutech Environment Account Relationship Matchups

Niutech Environment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	349.7M	783.0M	757.6M	829.3M	852.1M	630.9M
Other Current Liab	61.5M	11.7M	22.4M	9.6M	17.8M	29.4M
Total Current Liabilities	116.5M	64.8M	49.5M	112.0M	121.1M	99.2M
Total Stockholder Equity	226.7M	711.6M	702.4M	711.7M	725.5M	524.7M
Net Tangible Assets	198.3M	683.8M	675.3M	669.9M	770.3M	453.2M
Retained Earnings	145.6M	189.4M	175.0M	189.6M	177.2M	153.9M
Accounts Payable	40.4M	47.8M	24.6M	60.5M	79.3M	42.9M
Cash	21.8M	94.6M	214.4M	202.4M	133.6M	123.5M
Non Current Assets Total	130.2M	154.1M	215.5M	302.0M	368.1M	209.3M
Non Currrent Assets Other	600.8K	7.2M	2.6M	141.2K	127.1K	120.7K
Other Assets	6.8M	17.1M	16.9M	15.9M	18.3M	15.2M
Net Receivables	72.1M	138.5M	114.6M	76.8M	60.5M	84.9M
Non Current Liabilities Total	6.4M	6.5M	5.6M	5.6M	5.6M	5.1M
Inventory	122.0M	14.1M	22.3M	22.2M	35.8M	30.4M
Other Current Assets	3.5M	3.4M	5.2M	8.5M	8.1M	6.9M
Total Liab	123.0M	71.3M	55.1M	117.6M	126.7M	106.2M
Net Invested Capital	236.7M	711.6M	702.4M	711.7M	725.5M	528.0M
Total Current Assets	219.5M	628.9M	542.1M	527.3M	484.0M	421.5M
Net Working Capital	103.0M	564.0M	492.6M	415.3M	362.9M	322.4M
Intangible Assets	28.4M	27.8M	27.2M	26.6M	26.0M	24.0M
Property Plant Equipment	84.9M	104.4M	132.6M	222.4M	255.7M	268.5M
Other Liab	6.4M	6.5M	5.6M	5.6M	6.4M	6.1M

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Other Information on Investing in Niutech Stock

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

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Niutech Net Receivables vs Retained Earnings Analysis

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Receivables

Retained Earnings

Niutech Environment fundamental ratios Correlations

Niutech Environment Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Niutech Environment fundamental ratios Accounts

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Other Information on Investing in Niutech Stock

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

Non Currrent Assets Other	- 0.92	Total Current Liabilities
Intangible Assets	- 0.91	Non Current Liabilities Total
Intangible Assets	- 0.91	Non Currrent Assets Other
Total Liab	- 0.91	Non Currrent Assets Other
Non Current Liabilities Total	- 0.9	Common Stock Shares Outstanding
Common Stock	- 0.89	Non Current Liabilities Total