Sinosteel Change To Netincome vs Net Borrowings Analysis

000928 Stock   6.91  0.21  2.95%   
Sinosteel Engineering financial indicator trend analysis is much more than just breaking down Sinosteel Engineering and prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinosteel Engineering and is a good investment. Please check the relationship between Sinosteel Engineering Change To Netincome and its Net Borrowings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinosteel Engineering and. 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.

Change To Netincome vs Net Borrowings

Change To Netincome vs Net Borrowings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinosteel Engineering and Change To Netincome account and Net Borrowings. At this time, the significance of the direction appears to have no relationship.
The correlation between Sinosteel Engineering's Change To Netincome and Net Borrowings is 0.02. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Sinosteel Engineering and, assuming nothing else is changed. The correlation between historical values of Sinosteel Engineering's Change To Netincome and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Sinosteel Engineering and are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Change To Netincome i.e., Sinosteel Engineering's Change To Netincome and Net Borrowings go up and down completely randomly.

Correlation Coefficient

0.02
Relationship DirectionPositive 
Relationship StrengthInsignificant

Change To Netincome

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Most indicators from Sinosteel Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinosteel Engineering and 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 Sinosteel Engineering and. 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 4, 2024, Selling General Administrative is expected to decline to about 234.2 M. In addition to that, Tax Provision is expected to decline to about 179.5 M
 2021 2022 2023 2024 (projected)
Operating Income518.0M862.8M1.3B1.3B
Total Revenue15.9B18.7B26.4B27.7B

Sinosteel Engineering fundamental ratios Correlations

0.420.071.00.99-0.440.86-0.960.960.990.960.920.90.960.570.580.690.80.811.00.990.040.920.750.420.44
0.42-0.350.390.370.140.63-0.370.450.30.510.580.450.520.040.810.590.260.090.430.340.640.310.240.760.18
0.07-0.350.080.09-0.38-0.390.050.030.05-0.12-0.22-0.26-0.10.6-0.130.12-0.30.140.060.18-0.310.27-0.24-0.230.57
1.00.390.080.98-0.460.86-0.960.950.990.960.910.890.960.570.550.680.80.821.00.990.040.910.760.380.4
0.990.370.090.98-0.40.82-0.940.980.970.930.90.870.930.590.530.660.750.830.970.980.040.960.710.350.54
-0.440.14-0.38-0.46-0.4-0.20.35-0.37-0.49-0.28-0.18-0.17-0.29-0.75-0.27-0.28-0.14-0.36-0.45-0.520.52-0.41-0.11-0.23-0.07
0.860.63-0.390.860.82-0.2-0.910.860.830.950.970.960.940.170.690.570.880.560.870.780.20.690.810.590.12
-0.96-0.370.05-0.96-0.940.35-0.91-0.95-0.95-0.99-0.95-0.96-0.99-0.38-0.53-0.58-0.91-0.71-0.96-0.92-0.03-0.86-0.85-0.37-0.33
0.960.450.030.950.98-0.370.86-0.950.930.950.930.890.960.50.60.620.770.690.950.940.070.930.710.440.53
0.990.30.050.990.97-0.490.83-0.950.930.930.880.880.930.580.480.650.810.870.980.98-0.030.890.770.320.35
0.960.51-0.120.960.93-0.280.95-0.990.950.930.980.971.00.330.610.620.890.670.960.910.150.840.840.460.32
0.920.58-0.220.910.9-0.180.97-0.950.930.880.980.980.980.240.670.620.890.630.920.850.150.810.840.550.31
0.90.45-0.260.890.87-0.170.96-0.960.890.880.970.980.960.180.580.540.960.650.90.830.060.760.90.460.22
0.960.52-0.10.960.93-0.290.94-0.990.960.931.00.980.960.340.610.620.880.670.960.910.160.850.830.450.34
0.570.040.60.570.59-0.750.17-0.380.50.580.330.240.180.340.280.60.030.650.560.67-0.20.660.030.140.56
0.580.81-0.130.550.53-0.270.69-0.530.60.480.610.670.580.610.280.660.40.210.60.520.070.490.360.970.27
0.690.590.120.680.66-0.280.57-0.580.620.650.620.620.540.620.60.660.380.610.70.690.20.630.430.530.41
0.80.26-0.30.80.75-0.140.88-0.910.770.810.890.890.960.880.030.40.380.60.80.72-0.040.610.940.310.03
0.810.090.140.820.83-0.360.56-0.710.690.870.670.630.650.670.650.210.610.60.80.85-0.060.750.590.070.39
1.00.430.061.00.97-0.450.87-0.960.950.980.960.920.90.960.560.60.70.80.80.990.040.910.760.440.4
0.990.340.180.990.98-0.520.78-0.920.940.980.910.850.830.910.670.520.690.720.850.990.00.930.680.350.47
0.040.64-0.310.040.040.520.2-0.030.07-0.030.150.150.060.16-0.20.070.2-0.04-0.060.040.00.0-0.03-0.010.06
0.920.310.270.910.96-0.410.69-0.860.930.890.840.810.760.850.660.490.630.610.750.910.930.00.560.30.68
0.750.24-0.240.760.71-0.110.81-0.850.710.770.840.840.90.830.030.360.430.940.590.760.68-0.030.560.270.03
0.420.76-0.230.380.35-0.230.59-0.370.440.320.460.550.460.450.140.970.530.310.070.440.35-0.010.30.270.1
0.440.180.570.40.54-0.070.12-0.330.530.350.320.310.220.340.560.270.410.030.390.40.470.060.680.030.1
Click cells to compare fundamentals

Sinosteel Engineering Account Relationship Matchups

Sinosteel Engineering fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.3B19.7B24.3B26.7B30.0B31.5B
Short Long Term Debt Total1.2B1.7B2.5B2.3B1.1B1.2B
Other Current Liab3.8B154.0M324.1M421.8M161.0M153.0M
Total Current Liabilities12.8B13.7B16.4B18.1B21.4B22.5B
Total Stockholder Equity5.2B5.6B6.2B6.5B7.9B8.3B
Property Plant And Equipment Net228.1M205.7M227.9M157.9M226.6M372.5M
Current Deferred Revenue256.5M3.1B4.7B5.4B5.4B5.7B
Net Debt(2.8B)(3.5B)(4.4B)(5.9B)(8.7B)(8.2B)
Retained Earnings2.0B2.4B2.7B3.0B3.4B3.5B
Accounts Payable7.6B8.7B10.3B11.6B15.0B15.8B
Cash4.0B5.2B6.9B8.2B9.7B10.2B
Non Current Assets Total2.8B3.8B6.3B7.6B7.9B8.3B
Non Currrent Assets Other969.1M1.8B3.9B5.1B6.4B6.7B
Cash And Short Term Investments4.5B5.6B6.9B8.2B9.7B10.2B
Net Receivables9.4B8.6B8.1B7.1B6.9B3.5B
Liabilities And Stockholders Equity18.3B19.7B24.3B26.7B30.0B31.5B
Non Current Liabilities Total311.2M284.5M1.6B1.7B387.0M272.1M
Inventory1.6B1.5B2.0B2.4B2.1B1.2B
Other Current Assets105.3M154.3M930.4M1.5B2.6B2.7B
Other Stockholder Equity1.7B1.7B1.9B1.9B2.7B2.8B
Total Liab13.1B14.0B18.0B19.9B21.8B22.9B
Total Current Assets15.5B15.9B18.0B19.1B22.1B23.2B
Short Term Debt1.1B1.7B1.1B769.5M875.8M974.6M
Intangible Assets247.5M155.0M174.2M135.8M130.2M119.9M
Property Plant Equipment228.1M205.7M227.9M157.9M142.1M135.0M
Other Liab161.1M156.9M160.5M200.8M230.9M242.4M
Short Term Investments467.0M373.6M16.7M12.6M11.1M10.6M
Net Tangible Assets4.9B5.5B6.0B6.4B7.4B5.3B
Deferred Long Term Liab4.7M1.4M5.5M7.6M8.8M4.5M
Short Long Term Debt1.1B1.4B772.6M640.8M370.0M351.5M
Non Current Liabilities Other263.8K801.0K1.1M14.9M36.3M21.0M
Net Invested Capital6.3B7.1B8.3B8.7B8.4B7.7B
Net Working Capital2.7B2.2B1.6B976.1M657.2M624.4M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Sinosteel Stock

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