Sinosteel Investments vs Dividends Paid 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 Investments and its Dividends Paid 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.

Investments vs Dividends Paid

Investments vs Dividends Paid Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinosteel Engineering and Investments account and Dividends Paid. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sinosteel Engineering's Investments and Dividends Paid is 0.67. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Dividends Paid 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 Investments and Dividends Paid is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Sinosteel Engineering and are associated (or correlated) with its Dividends Paid. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividends Paid has no effect on the direction of Investments i.e., Sinosteel Engineering's Investments and Dividends Paid go up and down completely randomly.

Correlation Coefficient

0.67
Relationship DirectionPositive 
Relationship StrengthSignificant

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Dividends Paid

The total amount of dividends that a company has paid out to its shareholders over a specific 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
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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

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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.