Sinomine Net Receivables vs Total Current Assets 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 Net Receivables and its Total Current Assets 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.

Net Receivables vs Total Current Assets

Net Receivables vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinomine Resource Net Receivables account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Sinomine Resource's Net Receivables and Total Current Assets is 0.67. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Assets 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 Net Receivables and Total Current 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 Net Receivables of Sinomine Resource Exploration are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Receivables i.e., Sinomine Resource's Net Receivables and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Receivables

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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 Income	819.7M	3.7B	2.6B	2.8B
Total Revenue	2.4B	8.0B	6.0B	6.3B

Operating Income Total Revenue

Sinomine Resource fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Non Current Liabilities Total	Intangible Assets	Other Assets	Property Plant Equipment
Total Assets		0.94	0.87	0.97	1.0	0.97	-0.04	-0.92	0.98	0.87	0.99	1.0	0.95	0.99	0.66	0.97	0.98	0.97	0.97	1.0	0.98	0.99	0.91	0.94	-0.01	0.95
Short Long Term Debt Total	0.94		0.74	0.94	0.91	0.84	0.16	-0.75	0.88	0.97	0.91	0.94	0.96	0.89	0.77	0.97	0.87	0.9	0.98	0.94	0.94	0.9	1.0	0.87	0.17	0.96
Other Current Liab	0.87	0.74		0.9	0.87	0.84	-0.33	-0.86	0.89	0.72	0.86	0.86	0.71	0.86	0.65	0.84	0.88	0.82	0.84	0.88	0.87	0.85	0.7	0.9	-0.18	0.74
Total Current Liabilities	0.97	0.94	0.9		0.95	0.9	0.03	-0.85	0.94	0.92	0.95	0.97	0.91	0.93	0.79	0.98	0.94	0.92	0.98	0.98	0.97	0.95	0.91	0.93	-0.07	0.93
Total Stockholder Equity	1.0	0.91	0.87	0.95		0.99	-0.08	-0.95	0.98	0.83	0.99	1.0	0.93	0.99	0.61	0.95	0.99	0.98	0.94	0.99	0.97	0.99	0.88	0.94	-0.03	0.93
Property Plant And Equipment Net	0.97	0.84	0.84	0.9	0.99		-0.16	-0.98	0.97	0.74	0.99	0.97	0.88	0.99	0.49	0.89	0.98	0.96	0.88	0.97	0.94	0.97	0.8	0.92	-0.08	0.9
Current Deferred Revenue	-0.04	0.16	-0.33	0.03	-0.08	-0.16		0.31	-0.2	0.29	-0.11	-0.01	0.19	-0.15	0.3	0.06	-0.18	0.03	0.1	-0.06	-0.08	0.0	0.2	-0.25	0.2	0.15
Net Debt	-0.92	-0.75	-0.86	-0.85	-0.95	-0.98	0.31		-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	-0.89	0.17	-0.83
Retained Earnings	0.98	0.88	0.89	0.94	0.98	0.97	-0.2	-0.95		0.79	0.98	0.97	0.89	0.98	0.61	0.95	0.99	0.92	0.92	0.99	0.98	0.96	0.84	0.98	-0.12	0.9
Accounts Payable	0.87	0.97	0.72	0.92	0.83	0.74	0.29	-0.64	0.79		0.83	0.87	0.9	0.79	0.86	0.94	0.78	0.82	0.96	0.87	0.88	0.83	0.96	0.79	0.14	0.93
Cash	0.99	0.91	0.86	0.95	0.99	0.99	-0.11	-0.95	0.98	0.83		0.99	0.92	1.0	0.59	0.95	0.98	0.97	0.94	0.99	0.98	0.97	0.88	0.94	-0.02	0.94
Non Current Assets Total	1.0	0.94	0.86	0.97	1.0	0.97	-0.01	-0.91	0.97	0.87	0.99		0.96	0.98	0.65	0.97	0.97	0.99	0.96	0.99	0.97	0.99	0.91	0.93	0.02	0.94
Non Currrent Assets Other	0.95	0.96	0.71	0.91	0.93	0.88	0.19	-0.78	0.89	0.9	0.92	0.96		0.9	0.68	0.95	0.89	0.94	0.95	0.93	0.92	0.93	0.96	0.85	0.16	0.93
Cash And Short Term Investments	0.99	0.89	0.86	0.93	0.99	0.99	-0.15	-0.97	0.98	0.79	1.0	0.98	0.9		0.55	0.93	0.99	0.97	0.92	0.99	0.97	0.97	0.85	0.94	-0.04	0.92
Net Receivables	0.66	0.77	0.65	0.79	0.61	0.49	0.3	-0.41	0.61	0.86	0.59	0.65	0.68	0.55		0.78	0.59	0.57	0.8	0.67	0.7	0.65	0.77	0.66	0.05	0.68
Inventory	0.97	0.97	0.84	0.98	0.95	0.89	0.06	-0.82	0.95	0.94	0.95	0.97	0.95	0.93	0.78		0.93	0.91	0.99	0.98	0.99	0.94	0.95	0.94	-0.02	0.95
Other Current Assets	0.98	0.87	0.88	0.94	0.99	0.98	-0.18	-0.96	0.99	0.78	0.98	0.97	0.89	0.99	0.59	0.93		0.94	0.91	0.98	0.97	0.97	0.83	0.97	-0.1	0.89
Other Stockholder Equity	0.97	0.9	0.82	0.92	0.98	0.96	0.03	-0.91	0.92	0.82	0.97	0.99	0.94	0.97	0.57	0.91	0.94		0.92	0.96	0.92	0.98	0.87	0.86	0.06	0.93
Total Liab	0.97	0.98	0.84	0.98	0.94	0.88	0.1	-0.8	0.92	0.96	0.94	0.96	0.95	0.92	0.8	0.99	0.91	0.92		0.97	0.97	0.94	0.97	0.91	0.06	0.96
Total Current Assets	1.0	0.94	0.88	0.98	0.99	0.97	-0.06	-0.92	0.99	0.87	0.99	0.99	0.93	0.99	0.67	0.98	0.98	0.96	0.97		0.99	0.98	0.9	0.96	-0.03	0.95
Short Term Debt	0.98	0.94	0.87	0.97	0.97	0.94	-0.08	-0.9	0.98	0.88	0.98	0.97	0.92	0.97	0.7	0.99	0.97	0.92	0.97	0.99		0.95	0.91	0.97	-0.08	0.94
Common Stock	0.99	0.9	0.85	0.95	0.99	0.97	0.0	-0.92	0.96	0.83	0.97	0.99	0.93	0.97	0.65	0.94	0.97	0.98	0.94	0.98	0.95		0.87	0.91	0.02	0.92
Non Current Liabilities Total	0.91	1.0	0.7	0.91	0.88	0.8	0.2	-0.7	0.84	0.96	0.88	0.91	0.96	0.85	0.77	0.95	0.83	0.87	0.97	0.9	0.91	0.87		0.83	0.25	0.94
Intangible Assets	0.94	0.87	0.9	0.93	0.94	0.92	-0.25	-0.89	0.98	0.79	0.94	0.93	0.85	0.94	0.66	0.94	0.97	0.86	0.91	0.96	0.97	0.91	0.83		-0.15	0.85
Other Assets	-0.01	0.17	-0.18	-0.07	-0.03	-0.08	0.2	0.17	-0.12	0.14	-0.02	0.02	0.16	-0.04	0.05	-0.02	-0.1	0.06	0.06	-0.03	-0.08	0.02	0.25	-0.15		0.05
Property Plant Equipment	0.95	0.96	0.74	0.93	0.93	0.9	0.15	-0.83	0.9	0.93	0.94	0.94	0.93	0.92	0.68	0.95	0.89	0.93	0.96	0.95	0.94	0.92	0.94	0.85	0.05

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Sinomine Resource Account Relationship Matchups

Sinomine Resource fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.1B	4.9B	6.1B	11.5B	15.9B	16.7B
Short Long Term Debt Total	621.1M	1.2B	1.2B	2.0B	1.7B	1.8B
Other Current Liab	27.8M	1.7M	7.5M	814.1M	926.2M	972.5M
Total Current Liabilities	833.8M	646.7M	1.1B	2.3B	2.3B	2.4B
Total Stockholder Equity	2.7B	3.2B	4.1B	7.5B	12.2B	12.8B
Property Plant And Equipment Net	327.0M	535.7M	916.8M	1.3B	3.0B	3.2B
Current Deferred Revenue	492.2M	273.4M	497.7M	146.4M	31.6M	30.0M
Net Debt	161.8M	(57.3M)	(572.6M)	(935.5M)	(2.9B)	(2.7B)
Retained Earnings	627.4M	750.8M	1.3B	4.5B	6.1B	6.4B
Accounts Payable	106.1M	144.0M	187.0M	271.9M	187.5M	196.8M
Cash	459.3M	1.2B	1.8B	2.9B	4.6B	4.8B
Non Current Assets Total	2.4B	2.6B	3.0B	5.3B	7.8B	8.2B
Non Currrent Assets Other	687.2M	704.7M	609.5M	972.8M	1.2B	1.3B
Cash And Short Term Investments	459.3M	1.2B	1.8B	3.1B	5.5B	5.8B
Net Receivables	655.6M	549.4M	602.6M	1.4B	900.1M	452.0M
Liabilities And Stockholders Equity	4.1B	4.9B	6.1B	11.5B	15.9B	16.7B
Inventory	555.8M	489.3M	718.3M	1.6B	1.4B	1.5B
Other Current Assets	23.1M	23.7M	34.1M	119.6M	188.0M	197.4M
Other Stockholder Equity	1.8B	2.1B	2.5B	2.5B	5.6B	5.8B
Total Liab	1.4B	1.7B	2.1B	3.9B	3.6B	3.8B
Total Current Assets	1.7B	2.3B	3.1B	6.2B	8.1B	8.5B
Short Term Debt	207.6M	227.5M	447.8M	1.1B	1.1B	1.2B
Common Stock	277.9M	306.4M	325.2M	461.6M	728.4M	764.9M
Non Current Liabilities Total	552.0M	1.1B	934.4M	1.6B	1.3B	1.4B
Intangible Assets	109.6M	94.3M	149.1M	1.8B	1.9B	1.9B
Other Assets	13.8M	16.4M	1.0	757.7M	1.15	1.09
Property Plant Equipment	270.9M	327.0M	535.7M	916.8M	1.1B	1.1B
Other Liab	37.5M	138.5M	171.1M	203.1M	233.5M	245.2M
Net Tangible Assets	805.1M	1.4B	1.8B	2.7B	3.1B	3.3B
Deferred Long Term Liab	3.6M	6.6M	3.7M	2.5M	2.2M	3.9M
Short Long Term Debt	141.1M	207.5M	406.5M	495.3M	913.7M	959.4M
Long Term Debt	413.5M	929.4M	731.1M	896.2M	553.2M	566.8M
Common Stock Shares Outstanding	277.9M	306.4M	325.2M	646.3M	728.4M	428.6M
Net Invested Capital	3.3B	4.3B	5.2B	8.9B	13.6B	14.3B
Non Current Liabilities Other	28.8M	48.4M	72.6M	87.2M	90.4M	64.6M
Net Working Capital	860.1M	1.6B	2.0B	3.9B	5.8B	6.1B
Short Term Investments	(3.4M)	(3.7M)	(2.5M)	200M	921.0M	967.0M
Capital Stock	277.9M	306.4M	325.2M	461.6M	728.4M	431.0M

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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.

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Sinomine Net Receivables vs Total Current Assets Analysis

Net Receivables vs Total Current Assets

Net Receivables vs Total Current Assets Correlation Analysis

Correlation Coefficient

Net Receivables

Total Current Assets

Sinomine Resource fundamental ratios Correlations

Sinomine Resource Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sinomine Resource fundamental ratios Accounts

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Other Information on Investing in Sinomine Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash

Net Debt	- 0.98	Property Plant And Equipment Net
Cash And Short Term Investments	- 0.97	Net Debt
Other Current Assets	- 0.96	Net Debt
Cash	- 0.95	Net Debt
Retained Earnings	- 0.95	Net Debt
Net Debt	- 0.95	Total Stockholder Equity