Sinomine Change To Netincome vs Change To Operating Activities Analysis

002738 Stock   36.56  0.67  1.87%   
Sinomine Resource financial indicator trend analysis is much more than just breaking down Sinomine Resource prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinomine Resource is a good investment. Please check the relationship between Sinomine Resource Change To Netincome and its Change To Operating Activities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinomine Resource Exploration. 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 Change To Operating Activities

Change To Netincome vs Change To Operating Activities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinomine Resource Change To Netincome account and Change To Operating Activities. At this time, the significance of the direction appears to have pay attention.
The correlation between Sinomine Resource's Change To Netincome and Change To Operating Activities is -0.83. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Change To Operating Activities in the same time period over historical financial statements of Sinomine Resource Exploration, assuming nothing else is changed. The correlation between historical values of Sinomine Resource's Change To Netincome and Change To Operating Activities 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 Sinomine Resource Exploration are associated (or correlated) with its Change To Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Operating Activities has no effect on the direction of Change To Netincome i.e., Sinomine Resource's Change To Netincome and Change To Operating Activities go up and down completely randomly.

Correlation Coefficient

-0.83
Relationship DirectionNegative 
Relationship StrengthSignificant

Change To Netincome

Change To Operating Activities

Most indicators from Sinomine Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinomine Resource 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 Sinomine Resource Exploration. 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 244.5 M, whereas Tax Provision is forecasted to decline to about 133.6 M.
 2021 2022 2023 2024 (projected)
Operating Income819.7M3.7B2.6B2.8B
Total Revenue2.4B8.0B6.0B6.3B

Sinomine Resource fundamental ratios Correlations

0.940.870.971.00.97-0.04-0.920.980.870.991.00.950.990.660.970.980.970.971.00.980.990.910.94-0.010.95
0.940.740.940.910.840.16-0.750.880.970.910.940.960.890.770.970.870.90.980.940.940.91.00.870.170.96
0.870.740.90.870.84-0.33-0.860.890.720.860.860.710.860.650.840.880.820.840.880.870.850.70.9-0.180.74
0.970.940.90.950.90.03-0.850.940.920.950.970.910.930.790.980.940.920.980.980.970.950.910.93-0.070.93
1.00.910.870.950.99-0.08-0.950.980.830.991.00.930.990.610.950.990.980.940.990.970.990.880.94-0.030.93
0.970.840.840.90.99-0.16-0.980.970.740.990.970.880.990.490.890.980.960.880.970.940.970.80.92-0.080.9
-0.040.16-0.330.03-0.08-0.160.31-0.20.29-0.11-0.010.19-0.150.30.06-0.180.030.1-0.06-0.080.00.2-0.250.20.15
-0.92-0.75-0.86-0.85-0.95-0.980.31-0.95-0.64-0.95-0.91-0.78-0.97-0.41-0.82-0.96-0.91-0.8-0.92-0.9-0.92-0.7-0.890.17-0.83
0.980.880.890.940.980.97-0.2-0.950.790.980.970.890.980.610.950.990.920.920.990.980.960.840.98-0.120.9
0.870.970.720.920.830.740.29-0.640.790.830.870.90.790.860.940.780.820.960.870.880.830.960.790.140.93
0.990.910.860.950.990.99-0.11-0.950.980.830.990.921.00.590.950.980.970.940.990.980.970.880.94-0.020.94
1.00.940.860.971.00.97-0.01-0.910.970.870.990.960.980.650.970.970.990.960.990.970.990.910.930.020.94
0.950.960.710.910.930.880.19-0.780.890.90.920.960.90.680.950.890.940.950.930.920.930.960.850.160.93
0.990.890.860.930.990.99-0.15-0.970.980.791.00.980.90.550.930.990.970.920.990.970.970.850.94-0.040.92
0.660.770.650.790.610.490.3-0.410.610.860.590.650.680.550.780.590.570.80.670.70.650.770.660.050.68
0.970.970.840.980.950.890.06-0.820.950.940.950.970.950.930.780.930.910.990.980.990.940.950.94-0.020.95
0.980.870.880.940.990.98-0.18-0.960.990.780.980.970.890.990.590.930.940.910.980.970.970.830.97-0.10.89
0.970.90.820.920.980.960.03-0.910.920.820.970.990.940.970.570.910.940.920.960.920.980.870.860.060.93
0.970.980.840.980.940.880.1-0.80.920.960.940.960.950.920.80.990.910.920.970.970.940.970.910.060.96
1.00.940.880.980.990.97-0.06-0.920.990.870.990.990.930.990.670.980.980.960.970.990.980.90.96-0.030.95
0.980.940.870.970.970.94-0.08-0.90.980.880.980.970.920.970.70.990.970.920.970.990.950.910.97-0.080.94
0.990.90.850.950.990.970.0-0.920.960.830.970.990.930.970.650.940.970.980.940.980.950.870.910.020.92
0.911.00.70.910.880.80.2-0.70.840.960.880.910.960.850.770.950.830.870.970.90.910.870.830.250.94
0.940.870.90.930.940.92-0.25-0.890.980.790.940.930.850.940.660.940.970.860.910.960.970.910.83-0.150.85
-0.010.17-0.18-0.07-0.03-0.080.20.17-0.120.14-0.020.020.16-0.040.05-0.02-0.10.060.06-0.03-0.080.020.25-0.150.05
0.950.960.740.930.930.90.15-0.830.90.930.940.940.930.920.680.950.890.930.960.950.940.920.940.850.05
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Sinomine Resource Account Relationship Matchups

Sinomine Resource fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.1B4.9B6.1B11.5B15.9B16.7B
Short Long Term Debt Total621.1M1.2B1.2B2.0B1.7B1.8B
Other Current Liab27.8M1.7M7.5M814.1M926.2M972.5M
Total Current Liabilities833.8M646.7M1.1B2.3B2.3B2.4B
Total Stockholder Equity2.7B3.2B4.1B7.5B12.2B12.8B
Property Plant And Equipment Net327.0M535.7M916.8M1.3B3.0B3.2B
Current Deferred Revenue492.2M273.4M497.7M146.4M31.6M30.0M
Net Debt161.8M(57.3M)(572.6M)(935.5M)(2.9B)(2.7B)
Retained Earnings627.4M750.8M1.3B4.5B6.1B6.4B
Accounts Payable106.1M144.0M187.0M271.9M187.5M196.8M
Cash459.3M1.2B1.8B2.9B4.6B4.8B
Non Current Assets Total2.4B2.6B3.0B5.3B7.8B8.2B
Non Currrent Assets Other687.2M704.7M609.5M972.8M1.2B1.3B
Cash And Short Term Investments459.3M1.2B1.8B3.1B5.5B5.8B
Net Receivables655.6M549.4M602.6M1.4B900.1M452.0M
Liabilities And Stockholders Equity4.1B4.9B6.1B11.5B15.9B16.7B
Inventory555.8M489.3M718.3M1.6B1.4B1.5B
Other Current Assets23.1M23.7M34.1M119.6M188.0M197.4M
Other Stockholder Equity1.8B2.1B2.5B2.5B5.6B5.8B
Total Liab1.4B1.7B2.1B3.9B3.6B3.8B
Total Current Assets1.7B2.3B3.1B6.2B8.1B8.5B
Short Term Debt207.6M227.5M447.8M1.1B1.1B1.2B
Common Stock277.9M306.4M325.2M461.6M728.4M764.9M
Non Current Liabilities Total552.0M1.1B934.4M1.6B1.3B1.4B
Intangible Assets109.6M94.3M149.1M1.8B1.9B1.9B
Other Assets13.8M16.4M1.0757.7M1.151.09
Property Plant Equipment270.9M327.0M535.7M916.8M1.1B1.1B
Other Liab37.5M138.5M171.1M203.1M233.5M245.2M
Net Tangible Assets805.1M1.4B1.8B2.7B3.1B3.3B
Deferred Long Term Liab3.6M6.6M3.7M2.5M2.2M3.9M
Short Long Term Debt141.1M207.5M406.5M495.3M913.7M959.4M
Long Term Debt413.5M929.4M731.1M896.2M553.2M566.8M
Common Stock Shares Outstanding277.9M306.4M325.2M646.3M728.4M428.6M
Net Invested Capital3.3B4.3B5.2B8.9B13.6B14.3B
Non Current Liabilities Other28.8M48.4M72.6M87.2M90.4M64.6M
Net Working Capital860.1M1.6B2.0B3.9B5.8B6.1B
Short Term Investments(3.4M)(3.7M)(2.5M)200M921.0M967.0M
Capital Stock277.9M306.4M325.2M461.6M728.4M431.0M

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Other Information on Investing in Sinomine Stock

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