Tongling Free Cash Flow vs Change To Netincome Analysis

000630 Stock   3.50  0.01  0.29%   
Tongling Nonferrous financial indicator trend analysis is much more than just breaking down Tongling Nonferrous prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tongling Nonferrous is a good investment. Please check the relationship between Tongling Nonferrous Free Cash Flow and its Change To Netincome accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tongling Nonferrous Metals. 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.

Free Cash Flow vs Change To Netincome

Free Cash Flow vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tongling Nonferrous Free Cash Flow account and Change To Netincome. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Tongling Nonferrous' Free Cash Flow and Change To Netincome is -0.58. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Tongling Nonferrous Metals, assuming nothing else is changed. The correlation between historical values of Tongling Nonferrous' Free Cash Flow and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Tongling Nonferrous Metals are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Free Cash Flow i.e., Tongling Nonferrous' Free Cash Flow and Change To Netincome go up and down completely randomly.

Correlation Coefficient

-0.58
Relationship DirectionNegative 
Relationship StrengthVery Weak

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change To Netincome

Most indicators from Tongling Nonferrous' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tongling Nonferrous 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 Tongling Nonferrous Metals. 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.
The current year's Selling General Administrative is expected to grow to about 592.6 M. The current year's Tax Provision is expected to grow to about 1.7 B
 2021 2022 2023 2024 (projected)
Operating Income6.0B5.2B6.6B6.9B
Total Revenue131.0B121.8B137.5B144.3B

Tongling Nonferrous fundamental ratios Correlations

0.050.590.970.910.610.930.540.840.180.680.050.70.470.730.630.4-0.590.730.35-0.29-0.510.510.720.570.65
0.050.490.08-0.020.560.030.54-0.370.270.450.720.340.760.360.450.56-0.440.110.020.00.040.330.010.33-0.39
0.590.490.450.410.820.470.590.250.680.750.610.950.580.430.950.39-0.420.280.030.13-0.080.360.220.370.12
0.970.080.450.910.560.940.560.790.030.64-0.010.570.520.80.510.46-0.660.840.43-0.34-0.540.590.80.670.68
0.91-0.020.410.910.520.850.330.82-0.040.680.090.540.280.520.390.18-0.350.790.44-0.45-0.530.30.820.390.61
0.610.560.820.560.520.480.640.280.260.880.590.810.670.560.810.53-0.530.490.08-0.25-0.050.430.410.470.14
0.930.030.470.940.850.480.430.790.140.56-0.030.580.480.730.510.31-0.610.750.31-0.26-0.360.520.760.560.61
0.540.540.590.560.330.640.430.220.160.640.330.630.840.780.730.91-0.770.550.49-0.12-0.380.720.390.740.35
0.84-0.370.250.790.820.280.790.22-0.070.39-0.220.460.110.420.340.12-0.290.550.39-0.53-0.430.110.610.160.73
0.180.270.680.03-0.040.260.140.16-0.070.080.420.510.250.110.580.02-0.16-0.24-0.220.580.120.15-0.30.12-0.24
0.680.450.750.640.680.880.560.640.390.080.480.820.560.50.750.45-0.440.70.27-0.29-0.30.380.680.440.38
0.050.720.61-0.010.090.59-0.030.33-0.220.420.480.470.420.050.50.19-0.11-0.020.21-0.070.140.0-0.080.0-0.49
0.70.340.950.570.540.810.580.630.460.510.820.470.580.470.960.41-0.450.460.18-0.07-0.150.310.420.350.38
0.470.760.580.520.280.670.480.840.110.250.560.420.580.790.680.86-0.820.480.27-0.16-0.150.630.340.650.16
0.730.360.430.80.520.560.730.780.420.110.50.050.470.790.540.75-0.970.690.32-0.14-0.360.810.560.850.45
0.630.450.950.510.390.810.510.730.340.580.750.50.960.680.540.55-0.540.350.160.01-0.090.440.260.440.26
0.40.560.390.460.180.530.310.910.120.020.450.190.410.860.750.55-0.740.420.35-0.17-0.360.710.260.720.27
-0.59-0.44-0.42-0.66-0.35-0.53-0.61-0.77-0.29-0.16-0.44-0.11-0.45-0.82-0.97-0.54-0.74-0.59-0.270.090.26-0.73-0.46-0.76-0.33
0.730.110.280.840.790.490.750.550.55-0.240.7-0.020.460.480.690.350.42-0.590.53-0.36-0.460.540.960.630.73
0.350.020.030.430.440.080.310.490.39-0.220.270.210.180.270.320.160.35-0.270.53-0.47-0.440.180.460.230.4
-0.290.00.13-0.34-0.45-0.25-0.26-0.12-0.530.58-0.29-0.07-0.07-0.16-0.140.01-0.170.09-0.36-0.470.060.24-0.380.17-0.29
-0.510.04-0.08-0.54-0.53-0.05-0.36-0.38-0.430.12-0.30.14-0.15-0.15-0.36-0.09-0.360.26-0.46-0.440.06-0.3-0.49-0.35-0.49
0.510.330.360.590.30.430.520.720.110.150.380.00.310.630.810.440.71-0.730.540.180.24-0.30.390.980.28
0.720.010.220.80.820.410.760.390.61-0.30.68-0.080.420.340.560.260.26-0.460.960.46-0.38-0.490.390.470.72
0.570.330.370.670.390.470.560.740.160.120.440.00.350.650.850.440.72-0.760.630.230.17-0.350.980.470.38
0.65-0.390.120.680.610.140.610.350.73-0.240.38-0.490.380.160.450.260.27-0.330.730.4-0.29-0.490.280.720.38
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Tongling Nonferrous Account Relationship Matchups

Tongling Nonferrous fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets48.0B52.2B50.8B61.4B78.2B82.2B
Other Current Liab1.5B1.8B2.1B1.8B54.1M51.4M
Total Current Liabilities21.9B24.5B23.0B24.2B24.0B16.8B
Total Stockholder Equity18.4B18.9B21.7B25.4B31.8B33.4B
Retained Earnings5.1B5.6B8.3B10.0B11.2B11.8B
Accounts Payable7.7B10.1B9.2B9.0B7.4B5.6B
Cash5.2B6.1B5.7B10.3B11.2B11.7B
Other Assets618.3M558.2M453.5M493.3M567.3M304.9M
Long Term Debt5.2B5.0B3.5B6.1B12.1B12.7B
Net Receivables3.1B1.5B2.6B2.0B1.9B2.1B
Inventory10.9B15.5B13.7B17.3B15.8B8.5B
Other Current Assets4.7B3.5B7.3B6.8B1.1B1.0B
Total Liab27.9B31.5B27.4B31.5B38.7B21.3B
Intangible Assets2.4B2.5B2.2B2.2B1.7B1.0B
Property Plant Equipment20.4B20.6B16.9B18.9B21.7B13.7B
Other Liab2.1B2.0B949.7M988.6M1.1B796.2M
Net Tangible Assets15.9B16.4B19.5B23.2B26.6B18.3B
Other Stockholder Equity158.7M12.6M148.3M170.5M196.1M126.8M
Short Long Term Debt10.4B9.8B7.1B11.2B9.7B11.3B
Total Current Assets23.8B27.8B29.2B38.8B41.2B31.1B
Non Current Assets Total24.2B24.4B21.6B22.6B37.0B27.2B
Non Currrent Assets Other222.0M100.6M93.3M65.2M1.1B1.2B
Non Current Liabilities Total6.0B7.0B4.5B7.3B14.7B15.5B
Non Current Liabilities Other160.3M120.3M89.6M204.3M1.1B611.4M
Net Debt9.2B8.7B5.0B7.0B10.6B7.1B
Net Invested Capital32.6B33.7B32.3B42.7B53.5B41.4B
Net Working Capital1.9B3.3B6.2B14.6B17.2B18.1B

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Other Information on Investing in Tongling Stock

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