Maoming Total Current Liabilities vs Long Term Investments 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 Liabilities and its Long Term Investments 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 Liabilities vs Long Term Investments

Total Current Liabilities vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Maoming Petro Chemical Total Current Liabilities account and Long Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Maoming Petro's Total Current Liabilities and Long Term Investments is 0.66. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Long Term Investments 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 Liabilities and Long Term Investments 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 Liabilities of Maoming Petro Chemical Shihua are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Total Current Liabilities i.e., Maoming Petro's Total Current Liabilities and Long Term Investments go up and down completely randomly.

Correlation Coefficient

0.66
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Liabilities

Total Current Liabilities is an item on Maoming Petro balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Maoming Petro Chemical Shihua are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Long Term Investments

Long Term Investments is an item on the asset side of Maoming Petro balance sheet that represents investments Maoming Petro Chemical intends to hold for over a year. Maoming Petro Chemical Shihua long term investments may include different instruments such as stocks, bonds, real estate and cash.
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.