Maoming Free Cash Flow vs Change In Working Capital Analysis

000637 Stock   4.25  0.12  2.75%   
Maoming Petro financial indicator trend analysis is infinitely more than just investigating Maoming Petro Chemical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Maoming Petro Chemical is a good investment. Please check the relationship between Maoming Petro Free Cash Flow and its Change In Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Maoming Petro Chemical Shihua. 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 In Working Capital

Free Cash Flow vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Maoming Petro Chemical Free Cash Flow account and Change In Working Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Maoming Petro's Free Cash Flow and Change In Working Capital is 0.72. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Maoming Petro Chemical Shihua, assuming nothing else is changed. The correlation between historical values of Maoming Petro's Free Cash Flow and Change In Working Capital 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 Maoming Petro Chemical Shihua are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Free Cash Flow i.e., Maoming Petro's Free Cash Flow and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

0.72
Relationship DirectionPositive 
Relationship StrengthSignificant

Free Cash Flow

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

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
Most indicators from Maoming Petro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Maoming Petro Chemical 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 Maoming Petro Chemical Shihua. 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 December 14, 2024, Selling General Administrative is expected to decline to about 97.8 M. The current year's Tax Provision is expected to grow to about (5.6 M)
 2021 2022 2023 2024 (projected)
Gross Profit285.0M213.2M220.7M203.3M
Research Development13.7M9.9M9.9M17.4M

Maoming Petro fundamental ratios Correlations

0.340.850.560.19-0.170.790.390.920.210.880.810.430.80.70.610.890.860.750.790.760.680.460.920.640.92
0.340.00.570.660.06-0.020.70.420.820.07-0.140.120.03-0.190.020.210.41-0.17-0.05-0.09-0.010.690.080.070.33
0.850.00.36-0.15-0.290.960.20.73-0.110.990.950.30.970.890.620.80.840.850.970.950.660.390.940.630.88
0.560.570.360.690.290.320.630.650.730.390.290.670.350.160.610.550.390.150.270.220.520.480.270.40.41
0.190.66-0.150.690.65-0.260.560.290.88-0.11-0.260.16-0.19-0.230.350.260.06-0.28-0.26-0.310.260.32-0.180.060.0
-0.170.06-0.290.290.65-0.420.22-0.220.48-0.29-0.35-0.02-0.38-0.210.180.05-0.28-0.41-0.37-0.360.050.02-0.42-0.13-0.31
0.79-0.020.960.32-0.26-0.420.240.67-0.130.960.920.330.960.870.590.720.810.880.980.960.620.420.890.580.85
0.390.70.20.630.560.220.240.330.780.260.080.220.160.120.20.330.460.140.220.20.080.840.130.180.41
0.920.420.730.650.29-0.220.670.330.320.750.670.530.720.530.660.810.730.650.650.60.720.360.790.590.79
0.210.82-0.110.730.880.48-0.130.780.32-0.06-0.270.28-0.11-0.210.240.230.16-0.2-0.16-0.20.150.55-0.16-0.050.09
0.880.070.990.39-0.11-0.290.960.260.75-0.060.940.280.960.890.620.810.890.840.970.960.660.460.950.640.92
0.81-0.140.950.29-0.26-0.350.920.080.67-0.270.940.280.880.830.590.710.750.810.920.90.610.270.920.770.82
0.430.120.30.670.16-0.020.330.220.530.280.280.280.350.090.390.460.090.320.250.230.38-0.020.260.160.21
0.80.030.970.35-0.19-0.380.960.160.72-0.110.960.880.350.850.590.770.80.830.960.930.650.340.90.510.83
0.7-0.190.890.16-0.23-0.210.870.120.53-0.210.890.830.090.850.580.690.780.850.930.950.660.330.820.430.8
0.610.020.620.610.350.180.590.20.660.240.620.590.390.590.580.750.440.570.590.530.950.180.510.620.47
0.890.210.80.550.260.050.720.330.810.230.810.710.460.770.690.750.720.730.740.710.80.330.790.530.77
0.860.410.840.390.06-0.280.810.460.730.160.890.750.090.80.780.440.720.660.840.830.50.720.870.540.98
0.75-0.170.850.15-0.28-0.410.880.140.65-0.20.840.810.320.830.850.570.730.660.90.890.670.180.850.450.74
0.79-0.050.970.27-0.26-0.370.980.220.65-0.160.970.920.250.960.930.590.740.840.90.990.640.430.910.570.87
0.76-0.090.950.22-0.31-0.360.960.20.6-0.20.960.90.230.930.950.530.710.830.890.990.590.420.90.510.87
0.68-0.010.660.520.260.050.620.080.720.150.660.610.380.650.660.950.80.50.670.640.590.110.610.520.55
0.460.690.390.480.320.020.420.840.360.550.460.27-0.020.340.330.180.330.720.180.430.420.110.340.320.63
0.920.080.940.27-0.18-0.420.890.130.79-0.160.950.920.260.90.820.510.790.870.850.910.90.610.340.640.93
0.640.070.630.40.06-0.130.580.180.59-0.050.640.770.160.510.430.620.530.540.450.570.510.520.320.640.6
0.920.330.880.410.0-0.310.850.410.790.090.920.820.210.830.80.470.770.980.740.870.870.550.630.930.6
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Maoming Petro Account Relationship Matchups

Maoming Petro fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B1.9B2.9B2.9B2.5B1.4B
Other Current Liab123.7M170.9M238.0M87.4M37.3M35.5M
Total Current Liabilities393.4M759.1M1.1B1.4B1.3B1.4B
Total Stockholder Equity942.0M908.9M1.0B881.7M728.3M834.8M
Retained Earnings405.2M367.7M462.8M119.6M(19.9M)(18.9M)
Cash228.4M169.6M194.9M160.3M136.7M174.7M
Other Assets25.7M65.2M79.0M164.8M189.6M199.1M
Net Receivables206.1M71.8M317.8M84.2M74.3M109.6M
Inventory163.6M218.8M247.8M235.4M220.9M124.6M
Other Current Assets298.6M239.8M449.7M17.5M33.7M32.0M
Total Liab469.6M935.9M1.7B1.9B1.6B1.7B
Intangible Assets58.2M56.7M81.7M170.2M119.5M125.4M
Property Plant Equipment390.4M394.8M932.6M1.1B1.2B1.3B
Short Term Investments42.9M19.5M25.3M88.2M101.4M106.5M
Other Liab63.0M76.3M52.0M53.3M61.3M64.3M
Accounts Payable94.8M120.9M175.4M156.1M179.4M97.5M
Net Tangible Assets832.0M883.8M852.2M954.4M1.1B951.4M
Other Stockholder Equity859.3K10.0M14.3M40.2M46.2M48.5M
Total Current Assets916.0M769.9M1.3B863.3M669.0M916.1M
Non Current Assets Total587.2M1.2B1.6B2.1B1.8B1.2B
Non Currrent Assets Other40.8M15.6M15.3M54.0M11.1M20.2M
Non Current Liabilities Total76.3M176.7M574.0M503.4M328.3M249.5M
Short Long Term Debt150.0M199.8M616.2M872.9M636.9M410.2M
Net Invested Capital1.1B1.2B2.0B2.0B1.5B1.5B
Net Working Capital522.7M10.7M149.9M(531.5M)(627.6M)(596.3M)

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Other Information on Investing in Maoming Stock

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