Shenzhen Total Revenue vs Ebit Analysis

002303 Stock   3.79  0.04  1.07%   
Shenzhen MYS financial indicator trend analysis is much more than just breaking down Shenzhen MYS Environ prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen MYS Environ is a good investment. Please check the relationship between Shenzhen MYS Total Revenue and its Ebit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen MYS Environmental. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Revenue vs Ebit

Total Revenue vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen MYS Environ Total Revenue account and Ebit. At this time, the significance of the direction appears to have weak relationship.
The correlation between Shenzhen MYS's Total Revenue and Ebit is 0.36. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Ebit in the same time period over historical financial statements of Shenzhen MYS Environmental, assuming nothing else is changed. The correlation between historical values of Shenzhen MYS's Total Revenue and Ebit 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 Revenue of Shenzhen MYS Environmental are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Total Revenue i.e., Shenzhen MYS's Total Revenue and Ebit go up and down completely randomly.

Correlation Coefficient

0.36
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Revenue

Total revenue comprises all receipts Shenzhen MYS Environ generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Ebit

Most indicators from Shenzhen MYS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen MYS Environ 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 Shenzhen MYS Environmental. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
The current year's Tax Provision is expected to grow to about 40.1 M, whereas Selling General Administrative is forecasted to decline to about 233.7 M.
 2021 2022 2023 2024 (projected)
Operating Income140.7M88.2M264.7M225.9M
Total Revenue3.6B4.1B3.5B2.2B

Shenzhen MYS fundamental ratios Correlations

-0.440.890.990.950.980.660.820.980.840.310.880.90.810.790.50.84-0.910.240.930.730.81-0.890.880.880.92
-0.44-0.56-0.41-0.36-0.41-0.38-0.61-0.41-0.22-0.1-0.59-0.53-0.4-0.32-0.58-0.590.67-0.23-0.64-0.57-0.420.63-0.51-0.65-0.52
0.89-0.560.850.820.890.50.960.880.740.261.00.750.930.720.540.96-0.90.020.920.90.9-0.860.950.870.92
0.99-0.410.850.960.960.720.780.970.850.320.830.910.780.790.450.79-0.910.320.920.670.75-0.90.820.890.88
0.95-0.360.820.960.960.610.710.960.90.40.790.910.710.880.380.75-0.870.40.850.60.68-0.840.770.830.85
0.98-0.410.890.960.960.540.810.980.890.40.870.880.790.830.480.84-0.890.250.890.710.81-0.850.890.840.93
0.66-0.380.50.720.610.540.410.580.44-0.040.490.740.470.430.320.38-0.680.410.650.330.41-0.70.430.710.47
0.82-0.610.960.780.710.810.410.80.610.110.970.660.910.610.60.99-0.84-0.120.90.980.88-0.810.920.810.87
0.98-0.410.880.970.960.980.580.80.90.390.850.890.760.830.430.82-0.910.30.90.690.81-0.880.860.860.91
0.84-0.220.740.850.90.890.440.610.90.440.690.80.570.90.070.67-0.80.410.740.480.74-0.770.750.750.77
0.31-0.10.260.320.40.4-0.040.110.390.440.230.290.230.35-0.050.17-0.330.40.28-0.040.11-0.330.260.340.35
0.88-0.591.00.830.790.870.490.970.850.690.230.730.940.680.60.97-0.88-0.020.920.920.89-0.850.950.860.91
0.9-0.530.750.910.910.880.740.660.890.80.290.730.620.790.360.66-0.880.550.810.530.63-0.820.690.810.74
0.81-0.40.930.780.710.790.470.910.760.570.230.940.620.510.560.9-0.77-0.10.830.870.79-0.750.850.760.81
0.79-0.320.720.790.880.830.430.610.830.90.350.680.790.510.140.67-0.750.330.720.510.69-0.730.710.710.73
0.5-0.580.540.450.380.480.320.60.430.07-0.050.60.360.560.140.55-0.45-0.190.520.640.38-0.440.50.450.55
0.84-0.590.960.790.750.840.380.990.820.670.170.970.660.90.670.55-0.85-0.090.910.960.89-0.820.950.820.91
-0.910.67-0.9-0.91-0.87-0.89-0.68-0.84-0.91-0.8-0.33-0.88-0.88-0.77-0.75-0.45-0.85-0.38-0.96-0.72-0.790.98-0.84-0.97-0.86
0.24-0.230.020.320.40.250.41-0.120.30.410.4-0.020.55-0.10.33-0.19-0.09-0.380.18-0.28-0.14-0.32-0.090.330.06
0.93-0.640.920.920.850.890.650.90.90.740.280.920.810.830.720.520.91-0.960.180.820.83-0.970.90.970.92
0.73-0.570.90.670.60.710.330.980.690.48-0.040.920.530.870.510.640.96-0.72-0.280.820.84-0.70.880.70.81
0.81-0.420.90.750.680.810.410.880.810.740.110.890.630.790.690.380.89-0.79-0.140.830.84-0.770.960.760.87
-0.890.63-0.86-0.9-0.84-0.85-0.7-0.81-0.88-0.77-0.33-0.85-0.82-0.75-0.73-0.44-0.820.98-0.32-0.97-0.7-0.77-0.82-0.98-0.84
0.88-0.510.950.820.770.890.430.920.860.750.260.950.690.850.710.50.95-0.84-0.090.90.880.96-0.820.830.96
0.88-0.650.870.890.830.840.710.810.860.750.340.860.810.760.710.450.82-0.970.330.970.70.76-0.980.830.86
0.92-0.520.920.880.850.930.470.870.910.770.350.910.740.810.730.550.91-0.860.060.920.810.87-0.840.960.86
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Shenzhen MYS Account Relationship Matchups

Shenzhen MYS fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.3B7.2B7.3B7.4B7.7B4.4B
Other Current Liab79.3M76.8M100.5M6.5M2.9M2.7M
Total Current Liabilities1.8B2.1B2.2B1.9B2.2B2.3B
Total Stockholder Equity5.1B4.8B4.8B4.9B5.1B3.1B
Retained Earnings1.9B1.6B1.5B1.6B1.4B1.0B
Accounts Payable1.2B1.2B1.2B1.2B1.1B724.6M
Cash1.0B1.2B1.0B1.4B2.1B1.1B
Other Assets1.6B1.6B1.7B1.6B1.9B2.0B
Net Receivables1.3B1.1B1.4B1.2B1.1B713.1M
Inventory728.6M760.7M717.7M415.8M364.9M379.3M
Other Current Assets117.0M75.8M164.3M51.1M42.7M40.6M
Total Liab2.0B2.3B2.5B2.4B2.6B2.7B
Property Plant Equipment1.5B1.5B1.7B1.8B2.1B2.2B
Intangible Assets517.8M529.4M438.5M294.6M269.2M258.5M
Other Liab229.9M234.9M211.5M203.8M234.4M246.1M
Short Term Investments508.9M20.0M51.6M151.3M52.2M49.6M
Net Tangible Assets4.1B4.6B4.3B4.4B5.0B4.2B
Other Stockholder Equity513.4M509.2M553.6M572.7M658.6M691.6M
Deferred Long Term Liab20.6M28.0M29.1M20.8M23.9M22.9M
Short Long Term Debt461.2M713.3M671.7M492.7M661.7M459.7M
Total Current Assets3.6B3.4B3.3B3.5B3.8B3.7B
Non Current Assets Total3.6B3.9B4.0B3.9B3.9B3.5B
Non Currrent Assets Other46.4M54.2M21.3M9.6M6.4M6.0M
Non Current Liabilities Total229.9M262.0M287.2M499.0M412.8M265.2M
Net Invested Capital5.6B5.6B5.5B5.7B5.9B5.9B
Net Working Capital1.8B1.3B1.2B1.5B1.7B1.4B

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Other Information on Investing in Shenzhen Stock

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