Shengda Non Current Assets Total vs Non Currrent Assets Other Analysis

000603 Stock   12.76  0.17  1.35%   
Shengda Mining financial indicator trend analysis is much more than just breaking down Shengda Mining prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shengda Mining is a good investment. Please check the relationship between Shengda Mining Non Current Assets Total and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shengda Mining Co. 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.

Non Current Assets Total vs Non Currrent Assets Other

Non Current Assets Total vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shengda Mining Non Current Assets Total account and Non Currrent Assets Other. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Shengda Mining's Non Current Assets Total and Non Currrent Assets Other is 0.45. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Shengda Mining Co, assuming nothing else is changed. The correlation between historical values of Shengda Mining's Non Current Assets Total and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Shengda Mining Co are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Non Current Assets Total i.e., Shengda Mining's Non Current Assets Total and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.45
Relationship DirectionPositive 
Relationship StrengthWeak

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Shengda Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shengda Mining 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 Shengda Mining Co. 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 63.2 M. The current year's Tax Provision is expected to grow to about 81.8 M
 2021 2022 2023 2024 (projected)
Total Revenue1.6B1.9B2.3B2.4B
Depreciation And Amortization237.5M262.0M201.7M211.7M

Shengda Mining fundamental ratios Correlations

0.450.360.190.330.570.340.430.170.420.270.350.460.440.440.210.270.25-0.420.510.320.390.250.790.40.06
0.450.9-0.190.960.950.970.730.730.980.96-0.010.990.410.570.860.90.91-0.03-0.010.950.940.910.820.80.75
0.360.9-0.230.940.750.940.670.90.890.91-0.170.910.510.420.750.960.890.07-0.220.960.80.910.640.870.57
0.19-0.19-0.23-0.22-0.13-0.18-0.4-0.24-0.23-0.270.15-0.18-0.43-0.1-0.23-0.22-0.09-0.03-0.01-0.22-0.2-0.350.11-0.27-0.22
0.330.960.94-0.220.820.980.660.840.960.98-0.170.950.440.430.90.930.950.01-0.220.990.890.960.690.810.75
0.570.950.75-0.130.820.850.730.520.90.830.180.940.330.660.770.740.76-0.080.240.810.910.780.890.70.68
0.340.970.94-0.180.980.850.650.840.970.98-0.180.960.430.440.90.920.970.02-0.220.980.90.940.70.870.76
0.430.730.67-0.40.660.730.650.440.650.630.230.710.290.630.560.670.54-0.020.140.680.760.550.680.640.22
0.170.730.9-0.240.840.520.840.440.760.83-0.580.770.60.00.740.860.870.23-0.320.860.550.820.350.790.55
0.420.980.89-0.230.960.90.970.650.760.97-0.090.970.50.510.910.870.93-0.13-0.090.950.930.940.760.820.81
0.270.960.91-0.270.980.830.980.630.830.97-0.210.950.460.420.920.930.97-0.03-0.240.980.90.950.660.830.83
0.35-0.01-0.170.15-0.170.18-0.180.23-0.58-0.09-0.21-0.07-0.40.77-0.31-0.18-0.32-0.40.3-0.170.2-0.20.41-0.12-0.24
0.460.990.91-0.180.950.940.960.710.770.970.95-0.070.450.50.850.910.910.010.020.950.90.910.810.790.75
0.440.410.51-0.430.440.330.430.290.60.50.46-0.40.45-0.020.370.450.42-0.320.20.450.250.480.260.530.3
0.440.570.42-0.10.430.660.440.630.00.510.420.770.5-0.020.240.420.29-0.410.110.440.730.380.730.460.23
0.210.860.75-0.230.90.770.90.560.740.910.92-0.310.850.370.240.740.920.04-0.210.860.840.880.560.680.83
0.270.90.96-0.220.930.740.920.670.860.870.93-0.180.910.450.420.740.90.05-0.250.970.80.860.640.830.62
0.250.910.89-0.090.950.760.970.540.870.930.97-0.320.910.420.290.920.90.03-0.330.950.830.890.610.820.77
-0.42-0.030.07-0.030.01-0.080.02-0.020.23-0.13-0.03-0.40.01-0.32-0.410.040.050.03-0.030.03-0.170.02-0.31-0.09-0.07
0.51-0.01-0.22-0.01-0.220.24-0.220.14-0.32-0.09-0.240.30.020.20.11-0.21-0.25-0.33-0.03-0.24-0.11-0.20.28-0.25-0.17
0.320.950.96-0.220.990.810.980.680.860.950.98-0.170.950.450.440.860.970.950.03-0.240.880.940.690.840.72
0.390.940.8-0.20.890.910.90.760.550.930.90.20.90.250.730.840.80.83-0.17-0.110.880.840.810.770.71
0.250.910.91-0.350.960.780.940.550.820.940.95-0.20.910.480.380.880.860.890.02-0.20.940.840.60.750.83
0.790.820.640.110.690.890.70.680.350.760.660.410.810.260.730.560.640.61-0.310.280.690.810.60.590.46
0.40.80.87-0.270.810.70.870.640.790.820.83-0.120.790.530.460.680.830.82-0.09-0.250.840.770.750.590.5
0.060.750.57-0.220.750.680.760.220.550.810.83-0.240.750.30.230.830.620.77-0.07-0.170.720.710.830.460.5
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Shengda Mining Account Relationship Matchups

Shengda Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.3B4.6B5.3B5.4B6.5B6.9B
Short Long Term Debt Total869.8M1.4B1.2B912.7M1.2B1.2B
Other Current Liab192.3M5.1M12.7M251.1M4.6M4.3M
Total Current Liabilities980.8M1.3B1.6B1.5B1.8B1.9B
Total Stockholder Equity2.3B2.2B2.6B3.0B3.1B3.3B
Property Plant And Equipment Net1.6B1.8B2.3B2.5B2.5B2.7B
Current Deferred Revenue351.8M357.3M610.9M79.1M356.0M373.8M
Net Debt544.0M596.6M781.3M634.8M710.0M745.5M
Retained Earnings1.7B1.9B2.3B2.7B2.8B3.0B
Accounts Payable257.1M261.6M332.5M359.8M472.0M495.6M
Cash325.8M784.8M372.8M277.9M446.9M265.8M
Non Current Assets Total3.2B3.3B3.6B3.8B4.8B5.0B
Non Currrent Assets Other554.4M500.8M447.9M431.1M428.1M449.5M
Cash And Short Term Investments698.3M1.2B724.6M632.7M792.2M831.8M
Net Receivables213.5M53.3M726.5M664.5M728.8M765.3M
Liabilities And Stockholders Equity4.3B4.6B5.3B5.4B6.5B6.9B
Non Current Liabilities Total704.3M673.9M549.8M382.2M796.6M836.4M
Inventory183.5M126.5M214.1M244.6M245.9M258.2M
Other Current Assets9.6M7.6M21.0M7.0M11.3M17.1M
Other Stockholder Equity437.9M189.6M156.4M156.6M157.5M232.4M
Total Liab1.7B2.0B2.2B1.8B2.6B2.8B
Total Current Assets1.1B1.3B1.7B1.5B1.8B1.9B
Short Term Debt179.6M720.9M668.6M773.5M1.0B1.1B
Short Term Investments372.5M376.8M351.7M354.8M345.3M186.4M
Other Liab14.0M13.5M21.2M243.1M279.5M293.5M
Property Plant Equipment1.6B1.8B2.3B2.5B2.9B3.0B
Intangible Assets476.4M459.6M538.9M509.2M1.3B1.4B
Net Tangible Assets1.8B1.8B2.0B2.4B2.8B2.1B
Deferred Long Term Liab42.1M49.2M44.5M44.5M51.2M30.0M
Long Term Debt690.3M660.4M485.5M130M143.5M136.3M
Net Invested Capital3.1B3.5B3.5B3.5B4.0B3.5B
Short Long Term Debt130.2M570.9M421.9M348.1M751.5M390.1M
Net Working Capital124.1M4.1M61.3M85.1M(66.5M)(63.1M)

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Other Information on Investing in Shengda Stock

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