Shanghai Minority Interest vs Ebitda Analysis

900914 Stock   0.70  0.02  2.78%   
Shanghai Jin financial indicator trend analysis is much more than just breaking down Shanghai Jin Jiang prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Jin Jiang is a good investment. Please check the relationship between Shanghai Jin Minority Interest and its Ebitda accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Jin Jiang. 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.

Minority Interest vs Ebitda

Minority Interest vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Jin Jiang Minority Interest account and Ebitda. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Shanghai Jin's Minority Interest and Ebitda is -0.53. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Ebitda in the same time period over historical financial statements of Shanghai Jin Jiang, assuming nothing else is changed. The correlation between historical values of Shanghai Jin's Minority Interest and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of Shanghai Jin Jiang are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Minority Interest i.e., Shanghai Jin's Minority Interest and Ebitda go up and down completely randomly.

Correlation Coefficient

-0.53
Relationship DirectionNegative 
Relationship StrengthVery Weak

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Shanghai Jin Jiang whose combined shares represent less than 50% of the total outstanding shares issued by Shanghai Jin have a minority interest in Shanghai Jin.

Ebitda

Most indicators from Shanghai Jin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Jin Jiang 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 Shanghai Jin Jiang. 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 173.9 M, whereas Tax Provision is forecasted to decline to about 10.8 M.
 2021 2022 2023 2024 (projected)
Gross Profit383.2M148.1M336.6M292.7M
Total Revenue2.7B2.1B1.9B1.9B

Shanghai Jin fundamental ratios Correlations

-0.080.740.85-0.060.680.490.150.65-0.160.50.250.29-0.3-0.190.750.52-0.060.650.45-0.46-0.48-0.49-0.460.760.4
-0.080.48-0.440.71-0.56-0.390.39-0.220.38-0.43-0.26-0.240.240.580.48-0.350.73-0.26-0.470.850.580.59-0.07-0.5-0.27
0.740.480.40.20.110.290.470.460.220.220.240.31-0.060.00.90.060.150.490.130.04-0.21-0.28-0.190.350.09
0.85-0.440.4-0.440.910.72-0.10.83-0.460.730.280.3-0.62-0.50.330.66-0.360.750.82-0.67-0.67-0.68-0.40.870.24
-0.060.710.2-0.44-0.41-0.82-0.09-0.620.28-0.79-0.56-0.630.290.950.48-0.30.96-0.65-0.70.550.790.83-0.26-0.60.06
0.68-0.560.110.91-0.410.6-0.20.72-0.450.650.250.2-0.57-0.470.110.7-0.330.640.79-0.63-0.62-0.52-0.360.780.27
0.49-0.390.290.72-0.820.60.380.92-0.30.970.610.69-0.41-0.920.010.45-0.750.950.82-0.41-0.84-0.840.010.820.09
0.150.390.47-0.1-0.09-0.20.380.280.460.330.50.610.48-0.310.29-0.09-0.170.5-0.150.45-0.29-0.140.140.230.18
0.65-0.220.460.83-0.620.720.920.28-0.250.880.530.59-0.53-0.740.190.55-0.510.940.88-0.35-0.78-0.75-0.120.79-0.06
-0.160.380.22-0.460.28-0.45-0.30.46-0.25-0.340.410.410.810.220.14-0.160.16-0.11-0.560.4-0.010.150.37-0.27-0.32
0.5-0.430.220.73-0.790.650.970.330.88-0.340.640.66-0.37-0.88-0.010.6-0.730.910.8-0.41-0.78-0.790.040.820.18
0.25-0.260.240.28-0.560.250.610.50.530.410.640.940.25-0.670.00.5-0.640.680.32-0.19-0.72-0.670.590.43-0.09
0.29-0.240.310.3-0.630.20.690.610.590.410.660.940.26-0.720.010.39-0.690.750.31-0.2-0.82-0.740.430.52-0.09
-0.30.24-0.06-0.620.29-0.57-0.410.48-0.530.81-0.370.250.260.28-0.01-0.20.15-0.3-0.790.40.160.320.26-0.290.09
-0.190.580.0-0.50.95-0.47-0.92-0.31-0.740.22-0.88-0.67-0.720.280.3-0.310.93-0.81-0.730.450.840.85-0.27-0.67-0.03
0.750.480.90.330.480.110.010.290.190.14-0.010.00.01-0.010.30.060.40.22-0.080.030.06-0.02-0.330.230.34
0.52-0.350.060.66-0.30.70.45-0.090.55-0.160.60.50.39-0.2-0.310.06-0.20.490.53-0.35-0.47-0.38-0.030.530.04
-0.060.730.15-0.360.96-0.33-0.75-0.17-0.510.16-0.73-0.64-0.690.150.930.4-0.2-0.62-0.560.60.790.86-0.39-0.56-0.07
0.65-0.260.490.75-0.650.640.950.50.94-0.110.910.680.75-0.3-0.810.220.49-0.620.73-0.33-0.86-0.8-0.030.840.13
0.45-0.470.130.82-0.70.790.82-0.150.88-0.560.80.320.31-0.79-0.73-0.080.53-0.560.73-0.54-0.65-0.71-0.080.68-0.11
-0.460.850.04-0.670.55-0.63-0.410.45-0.350.4-0.41-0.19-0.20.40.450.03-0.350.6-0.33-0.540.580.720.1-0.61-0.29
-0.480.58-0.21-0.670.79-0.62-0.84-0.29-0.78-0.01-0.78-0.72-0.820.160.840.06-0.470.79-0.86-0.650.580.9-0.08-0.79-0.03
-0.490.59-0.28-0.680.83-0.52-0.84-0.14-0.750.15-0.79-0.67-0.740.320.85-0.02-0.380.86-0.8-0.710.720.9-0.21-0.74-0.03
-0.46-0.07-0.19-0.4-0.26-0.360.010.14-0.120.370.040.590.430.26-0.27-0.33-0.03-0.39-0.03-0.080.1-0.08-0.21-0.37-0.37
0.76-0.50.350.87-0.60.780.820.230.79-0.270.820.430.52-0.29-0.670.230.53-0.560.840.68-0.61-0.79-0.74-0.370.42
0.4-0.270.090.240.060.270.090.18-0.06-0.320.18-0.09-0.090.09-0.030.340.04-0.070.13-0.11-0.29-0.03-0.03-0.370.42
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Shanghai Jin Account Relationship Matchups

Shanghai Jin fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.9B5.2B5.2B5.3B5.1B5.4B
Other Current Liab295.8M407.9M333.3M506.9M7.3M7.0M
Total Current Liabilities668.1M871.5M760.3M921.3M589.7M779.3M
Total Stockholder Equity3.5B3.5B3.6B3.9B3.9B3.9B
Other Liab311.0M359.4M354.0M302.1M271.9M273.6M
Net Tangible Assets3.2B3.2B3.3B3.4B3.9B3.5B
Retained Earnings1.8B1.9B2.0B2.5B2.2B2.0B
Accounts Payable147.1M207.3M193.7M149.4M68.3M64.9M
Cash1.2B1.3B1.1B2.0B1.6B1.3B
Other Assets96.9M95.7M63.2M57.2M51.5M59.8M
Net Receivables149.1M133.8M174.1M195.8M184.5M159.2M
Short Term Investments91.6M78.1M71.7M69.5M72.9M66.0M
Inventory192.6M187.9M154.8M165.0M141.7M163.5M
Other Current Assets75.1M62.4M63.9M23.3M28.1M41.0M
Other Stockholder Equity759.8M712.4M727.8M542.6M488.3M623.9M
Total Liab976.8M1.2B1.2B1.2B949.8M1.2B
Deferred Long Term Liab7.9M5.5M7.2M7.3M8.4M7.1M
Total Current Assets1.7B2.1B1.9B2.4B2.1B1.8B
Intangible Assets310.9M307.4M302.4M423.7M424.9M366.6M
Property Plant Equipment841.9M783.1M989.5M872.1M784.9M769.0M
Non Current Assets Total3.2B3.1B3.3B2.9B3.0B2.5B
Non Currrent Assets Other28.5M33.3M5.8M5.9M26.4M25.1M
Long Term Debt3.8M1.3M25M30.2M34.8M36.5M
Non Current Liabilities Total311.0M359.4M446.4M307.3M360.2M380.9M
Short Long Term Debt78.9M72.5M52.9M91.1M20M19M
Non Current Liabilities Other14.7M1.3M7.1M1.0M8.4M6.4M
Net Invested Capital3.6B3.6B3.6B3.9B4.0B4.0B
Net Working Capital1.0B1.2B1.1B1.5B1.5B1.2B

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Other Information on Investing in Shanghai Stock

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