Maoming Total Current Assets vs Retained Earnings 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 Total Current Assets and its Retained Earnings 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.

Total Current Assets vs Retained Earnings

Total Current Assets vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Maoming Petro Chemical Total Current Assets account and Retained Earnings. At this time, the significance of the direction appears to have weak relationship.
The correlation between Maoming Petro's Total Current Assets and Retained Earnings is 0.32. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Retained Earnings 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 Total Current Assets 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 Total Current Assets of Maoming Petro Chemical Shihua 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 Total Current Assets i.e., Maoming Petro's Total Current Assets and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.32
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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 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 15, 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.