Ningbo Inventory vs Total Assets Analysis

002322 Stock

13.13 0.27 2.01%

Ningbo Ligong financial indicator trend analysis is infinitely more than just investigating Ningbo Ligong Online recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Ligong Online is a good investment. Please check the relationship between Ningbo Ligong Inventory and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Ligong Online. 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.

Inventory vs Total Assets

Inventory vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Ligong Online Inventory account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ningbo Ligong's Inventory and Total Assets is 0.93. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Assets in the same time period over historical financial statements of Ningbo Ligong Online, assuming nothing else is changed. The correlation between historical values of Ningbo Ligong's Inventory and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Ningbo Ligong Online are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Inventory i.e., Ningbo Ligong's Inventory and Total Assets go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Inventory

Total Assets

Total assets refers to the total amount of Ningbo Ligong assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ningbo Ligong Online books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Ningbo Ligong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Ligong Online 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 Ningbo Ligong Online. 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.

The current year's Selling General Administrative is expected to grow to about 109.5 M, whereas Tax Provision is forecasted to decline to about 30 M.

	2021	2022	2023	2024 (projected)
Operating Income	306.2M	244.8M	265.1M	171.7M
Total Revenue	1.1B	972.8M	1.1B	610.4M

Operating Income Total Revenue

Ningbo Ligong fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Good Will	Treasury Stock	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Current Liabilities Total	Short Long Term Debt	Non Current Liabilities Other
Total Assets		0.59	0.87	0.99	0.93	0.8	0.34	0.54	0.88	0.93	0.62	0.87	0.64	0.93	0.84	-0.44	0.94	0.95	0.23	-0.83	0.8	-0.53	0.39	0.6	0.68	-0.07
Other Current Liab	0.59		0.66	0.56	0.43	0.42	0.21	0.04	0.49	0.68	-0.03	0.66	0.55	0.52	0.39	-0.45	0.5	0.61	-0.16	-0.2	0.12	-0.4	0.51	0.27	0.23	0.39
Total Current Liabilities	0.87	0.66		0.81	0.82	0.88	0.02	0.6	0.82	0.88	0.55	1.0	0.49	0.72	0.78	-0.49	0.84	0.85	0.04	-0.75	0.65	-0.51	0.6	0.54	0.81	0.0
Total Stockholder Equity	0.99	0.56	0.81		0.92	0.75	0.39	0.51	0.87	0.91	0.61	0.81	0.65	0.94	0.83	-0.42	0.93	0.94	0.26	-0.82	0.81	-0.51	0.34	0.59	0.63	-0.08
Retained Earnings	0.93	0.43	0.82	0.92		0.88	0.26	0.7	0.83	0.79	0.68	0.83	0.48	0.87	0.93	-0.3	0.81	0.83	0.42	-0.85	0.79	-0.45	0.44	0.67	0.76	-0.11
Accounts Payable	0.8	0.42	0.88	0.75	0.88		-0.02	0.75	0.75	0.68	0.56	0.88	0.26	0.66	0.9	-0.41	0.72	0.74	0.31	-0.8	0.71	-0.47	0.57	0.56	0.76	-0.09
Cash	0.34	0.21	0.02	0.39	0.26	-0.02		0.06	0.28	0.14	0.25	0.02	0.42	0.51	0.28	0.12	0.19	0.21	0.37	0.06	0.0	0.32	-0.2	-0.1	-0.04	-0.21
Other Assets	0.54	0.04	0.6	0.51	0.7	0.75	0.06		0.57	0.38	0.76	0.61	-0.08	0.43	0.79	-0.05	0.5	0.49	0.46	-0.67	0.55	-0.18	0.16	0.59	0.84	-0.47
Net Receivables	0.88	0.49	0.82	0.87	0.83	0.75	0.28	0.57		0.84	0.57	0.82	0.5	0.84	0.83	-0.19	0.8	0.79	0.05	-0.76	0.73	-0.5	0.44	0.5	0.7	-0.03
Inventory	0.93	0.68	0.88	0.91	0.79	0.68	0.14	0.38	0.84		0.47	0.88	0.69	0.84	0.68	-0.43	0.92	0.93	-0.07	-0.76	0.72	-0.62	0.43	0.59	0.63	0.07
Other Current Assets	0.62	-0.03	0.55	0.61	0.68	0.56	0.25	0.76	0.57	0.47		0.55	0.23	0.53	0.62	-0.23	0.69	0.63	0.52	-0.77	0.73	-0.05	-0.15	0.57	0.81	-0.71
Total Liab	0.87	0.66	1.0	0.81	0.83	0.88	0.02	0.61	0.82	0.88	0.55		0.5	0.73	0.78	-0.48	0.84	0.86	0.05	-0.76	0.66	-0.51	0.6	0.55	0.81	0.0
Intangible Assets	0.64	0.55	0.49	0.65	0.48	0.26	0.42	-0.08	0.5	0.69	0.23	0.5		0.74	0.28	-0.33	0.63	0.64	-0.22	-0.39	0.42	-0.44	0.16	0.21	0.21	0.08
Common Stock	0.93	0.52	0.72	0.94	0.87	0.66	0.51	0.43	0.84	0.84	0.53	0.73	0.74		0.76	-0.31	0.83	0.84	0.19	-0.7	0.69	-0.45	0.32	0.48	0.54	-0.04
Property Plant Equipment	0.84	0.39	0.78	0.83	0.93	0.9	0.28	0.79	0.83	0.68	0.62	0.78	0.28	0.76		-0.13	0.69	0.71	0.43	-0.76	0.68	-0.38	0.47	0.63	0.76	-0.1
Other Liab	-0.44	-0.45	-0.49	-0.42	-0.3	-0.41	0.12	-0.05	-0.19	-0.43	-0.23	-0.48	-0.33	-0.31	-0.13		-0.6	-0.63	-0.11	0.43	-0.45	0.37	-0.09	-0.22	-0.23	0.1
Good Will	0.94	0.5	0.84	0.93	0.81	0.72	0.19	0.5	0.8	0.92	0.69	0.84	0.63	0.83	0.69	-0.6		0.99	0.15	-0.88	0.88	-0.55	0.2	0.6	0.69	-0.25
Treasury Stock	0.95	0.61	0.85	0.94	0.83	0.74	0.21	0.49	0.79	0.93	0.63	0.86	0.64	0.84	0.71	-0.63	0.99		0.17	-0.85	0.83	-0.58	0.24	0.64	0.66	-0.17
Net Tangible Assets	0.23	-0.16	0.04	0.26	0.42	0.31	0.37	0.46	0.05	-0.07	0.52	0.05	-0.22	0.19	0.43	-0.11	0.15	0.17		-0.26	0.24	0.4	-0.2	0.32	0.24	-0.48
Deferred Long Term Liab	-0.83	-0.2	-0.75	-0.82	-0.85	-0.8	0.06	-0.67	-0.76	-0.76	-0.77	-0.76	-0.39	-0.7	-0.76	0.43	-0.88	-0.85	-0.26		-0.97	0.61	-0.2	-0.75	-0.79	0.31
Long Term Investments	0.8	0.12	0.65	0.81	0.79	0.71	0.0	0.55	0.73	0.72	0.73	0.66	0.42	0.69	0.68	-0.45	0.88	0.83	0.24	-0.97		-0.59	0.11	0.64	0.67	-0.33
Total Current Assets	-0.53	-0.4	-0.51	-0.51	-0.45	-0.47	0.32	-0.18	-0.5	-0.62	-0.05	-0.51	-0.44	-0.45	-0.38	0.37	-0.55	-0.58	0.4	0.61	-0.59		-0.38	-0.5	-0.34	-0.34
Non Current Assets Total	0.39	0.51	0.6	0.34	0.44	0.57	-0.2	0.16	0.44	0.43	-0.15	0.6	0.16	0.32	0.47	-0.09	0.2	0.24	-0.2	-0.2	0.11	-0.38		0.07	0.32	0.69
Non Current Liabilities Total	0.6	0.27	0.54	0.59	0.67	0.56	-0.1	0.59	0.5	0.59	0.57	0.55	0.21	0.48	0.63	-0.22	0.6	0.64	0.32	-0.75	0.64	-0.5	0.07		0.7	-0.19
Short Long Term Debt	0.68	0.23	0.81	0.63	0.76	0.76	-0.04	0.84	0.7	0.63	0.81	0.81	0.21	0.54	0.76	-0.23	0.69	0.66	0.24	-0.79	0.67	-0.34	0.32	0.7		-0.31
Non Current Liabilities Other	-0.07	0.39	0.0	-0.08	-0.11	-0.09	-0.21	-0.47	-0.03	0.07	-0.71	0.0	0.08	-0.04	-0.1	0.1	-0.25	-0.17	-0.48	0.31	-0.33	-0.34	0.69	-0.19	-0.31

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Ningbo Ligong Account Relationship Matchups

Ningbo Ligong fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.7B	3.7B	3.3B	3.5B	3.7B	2.4B
Other Current Liab	239.1M	142.0M	157.2M	197.7M	6.5M	6.2M
Total Current Liabilities	754.1M	593.6M	409.9M	408.1M	385.4M	289.4M
Total Stockholder Equity	3.0B	3.1B	2.9B	3.1B	3.3B	2.1B
Retained Earnings	1.0B	1.1B	940.4M	1.1B	1.1B	623.6M
Accounts Payable	225.2M	197.0M	159.4M	138.1M	166.3M	84.9M
Cash	428.6M	396.0M	475.7M	590.8M	912.2M	555.4M
Other Assets	122.0M	135.2M	114.9M	121.0M	139.1M	146.1M
Net Receivables	599.8M	357.5M	368.9M	433.4M	438.5M	321.7M
Inventory	250.1M	231.7M	196.3M	186.3M	139.7M	137.1M
Other Current Assets	29.8M	29.4M	19.8M	40.1M	61.8M	64.9M
Total Liab	760.7M	598.8M	426.0M	419.1M	390.9M	294.8M
Intangible Assets	47.3M	44.8M	42.4M	33.3M	28.6M	34.5M
Property Plant Equipment	477.2M	428.8M	439.1M	423.7M	487.2M	266.3M
Other Liab	10.7M	8.5M	6.5M	5.2M	6.0M	6.8M
Good Will	1.6B	1.5B	1.3B	1.3B	1.5B	1.5B
Net Tangible Assets	1.3B	1.5B	1.5B	1.7B	2.0B	1.6B
Total Current Assets	1.4B	1.4B	1.2B	1.4B	1.6B	1.5B
Non Current Assets Total	2.4B	2.3B	2.1B	2.1B	2.1B	1.7B
Non Currrent Assets Other	12.7M	10.0M	2.4M	14.8M	972.9K	924.3K
Non Current Liabilities Total	6.5M	5.2M	16.1M	11.1M	5.6M	8.9M
Short Long Term Debt	125M	290M	221.4M	170.2M	195.8M	189.0M
Net Invested Capital	3.2B	3.3B	2.9B	3.1B	3.3B	2.5B
Net Working Capital	617.2M	771.8M	816.6M	954.8M	1.3B	970.0M

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Other Information on Investing in Ningbo Stock

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

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Ningbo Inventory vs Total Assets Analysis

Inventory vs Total Assets

Inventory vs Total Assets Correlation Analysis

Correlation Coefficient

Inventory

Total Assets

Ningbo Ligong fundamental ratios Correlations

Ningbo Ligong Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningbo Ligong fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.99	Total Assets
Treasury Stock	+ 0.99	Good Will
Treasury Stock	+ 0.95	Total Assets
Good Will	+ 0.94	Total Assets
Common Stock	+ 0.94	Total Stockholder Equity

Long Term Investments	- 0.97	Deferred Long Term Liab
Deferred Long Term Liab	- 0.88	Good Will
Deferred Long Term Liab	- 0.85	Treasury Stock
Deferred Long Term Liab	- 0.85	Retained Earnings
Deferred Long Term Liab	- 0.83	Total Assets
Deferred Long Term Liab	- 0.82	Total Stockholder Equity