Ningbo Change To Account Receivables vs Investments Analysis

300314 Stock   12.30  0.11  0.89%   
Ningbo David financial indicator trend analysis is infinitely more than just investigating Ningbo David Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo David Medical is a good investment. Please check the relationship between Ningbo David Change To Account Receivables and its Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo David Medical. 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.

Change To Account Receivables vs Investments

Change To Account Receivables vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo David Medical Change To Account Receivables account and Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Ningbo David's Change To Account Receivables and Investments is -0.27. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Investments in the same time period over historical financial statements of Ningbo David Medical, assuming nothing else is changed. The correlation between historical values of Ningbo David's Change To Account Receivables and Investments 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 Account Receivables of Ningbo David Medical are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Change To Account Receivables i.e., Ningbo David's Change To Account Receivables and Investments go up and down completely randomly.

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Account Receivables

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Most indicators from Ningbo David's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo David Medical 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 David Medical. 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.
As of December 23, 2024, Selling General Administrative is expected to decline to about 76.2 M. In addition to that, Tax Provision is expected to decline to about 12.8 M
 2021 2022 2023 2024 (projected)
Operating Income73.3M96.8M143.2M76.6M
Total Revenue474.1M506.0M618.3M347.2M

Ningbo David fundamental ratios Correlations

-0.060.670.990.820.970.780.50.040.760.90.290.610.760.870.82-0.360.860.52-0.80.840.020.170.63-0.240.76
-0.060.14-0.08-0.050.02-0.19-0.25-0.1-0.09-0.070.490.09-0.32-0.1-0.050.5-0.030.52-0.23-0.02-0.690.55-0.520.47-0.2
0.670.140.560.790.80.750.14-0.090.750.890.040.990.570.470.48-0.40.920.55-0.830.920.060.140.67-0.280.86
0.99-0.080.560.760.930.730.530.060.70.830.330.490.730.880.82-0.320.780.48-0.740.770.010.170.56-0.210.68
0.82-0.050.790.760.880.80.120.10.820.890.270.770.750.760.82-0.370.850.51-0.830.83-0.030.190.6-0.280.71
0.970.020.80.930.880.810.360.010.80.950.340.750.790.860.82-0.360.920.57-0.860.90.00.190.63-0.230.81
0.78-0.190.750.730.80.810.320.040.790.81-0.030.730.650.630.64-0.760.880.48-0.730.880.280.030.61-0.730.88
0.5-0.250.140.530.120.360.32-0.140.310.37-0.290.10.170.140.07-0.380.4-0.12-0.180.390.39-0.270.46-0.250.47
0.04-0.1-0.090.060.10.010.04-0.140.11-0.050.18-0.10.090.210.110.07-0.1-0.190.23-0.140.07-0.12-0.110.07-0.15
0.76-0.090.750.70.820.80.790.310.110.820.120.750.660.640.62-0.460.820.25-0.640.780.19-0.030.57-0.310.73
0.9-0.070.890.830.890.950.810.37-0.050.820.140.870.730.710.68-0.420.970.49-0.850.960.090.040.78-0.280.9
0.290.490.040.330.270.34-0.03-0.290.180.120.14-0.010.30.50.470.520.050.42-0.180.02-0.530.24-0.310.49-0.16
0.610.090.990.490.770.750.730.1-0.10.750.87-0.010.580.410.42-0.410.90.51-0.790.90.10.10.7-0.290.85
0.76-0.320.570.730.750.790.650.170.090.660.730.30.580.770.72-0.340.680.33-0.620.680.120.090.66-0.240.62
0.87-0.10.470.880.760.860.630.140.210.640.710.50.410.770.95-0.210.630.44-0.660.6-0.110.290.38-0.120.48
0.82-0.050.480.820.820.820.640.070.110.620.680.470.420.720.95-0.230.610.49-0.710.58-0.150.390.33-0.160.44
-0.360.5-0.4-0.32-0.37-0.36-0.76-0.380.07-0.46-0.420.52-0.41-0.34-0.21-0.23-0.570.020.31-0.54-0.680.21-0.480.94-0.7
0.86-0.030.920.780.850.920.880.4-0.10.820.970.050.90.680.630.61-0.570.52-0.850.990.20.050.74-0.440.96
0.520.520.550.480.510.570.48-0.12-0.190.250.490.420.510.330.440.490.020.52-0.760.58-0.520.580.16-0.080.42
-0.8-0.23-0.83-0.74-0.83-0.86-0.73-0.180.23-0.64-0.85-0.18-0.79-0.62-0.66-0.710.31-0.85-0.76-0.880.27-0.52-0.540.24-0.74
0.84-0.020.920.770.830.90.880.39-0.140.780.960.020.90.680.60.58-0.540.990.58-0.880.130.090.77-0.440.96
0.02-0.690.060.01-0.030.00.280.390.070.190.09-0.530.10.12-0.11-0.15-0.680.2-0.520.270.13-0.70.41-0.570.37
0.170.550.140.170.190.190.03-0.27-0.12-0.030.040.240.10.090.290.390.210.050.58-0.520.09-0.7-0.240.2-0.12
0.63-0.520.670.560.60.630.610.46-0.110.570.78-0.310.70.660.380.33-0.480.740.16-0.540.770.41-0.24-0.360.81
-0.240.47-0.28-0.21-0.28-0.23-0.73-0.250.07-0.31-0.280.49-0.29-0.24-0.12-0.160.94-0.44-0.080.24-0.44-0.570.2-0.36-0.6
0.76-0.20.860.680.710.810.880.47-0.150.730.9-0.160.850.620.480.44-0.70.960.42-0.740.960.37-0.120.81-0.6
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Ningbo David Account Relationship Matchups

Ningbo David fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets965.1M1.1B1.2B1.3B1.4B878.2M
Other Current Liab33.0M50.1M39.7M4.2M2.7M2.6M
Total Current Liabilities133.5M166.1M161.4M176.6M197.4M118.1M
Total Stockholder Equity828.8M953.5M990.5M1.1B1.2B752.1M
Other Liab3.0M2.8M2.5M3.8M4.4M2.6M
Retained Earnings365.3M490.0M527.0M517.3M613.1M309.9M
Accounts Payable72.9M81.3M83.9M81.4M119.2M125.2M
Cash233.9M224.2M336.7M390.9M571.4M296.3M
Other Assets547.8K692.3K768.7K1.3M1.5M1.4M
Net Receivables18.9M15.1M18.7M17.0M23.8M14.7M
Inventory90.5M104.4M137.4M148.3M159.4M88.0M
Other Current Assets4.6M8.7M9.1M3.6M700.4K665.4K
Total Liab136.3M168.6M165.4M193.6M210.6M126.1M
Intangible Assets28.7M27.6M26.6M47.7M46.6M27.7M
Property Plant Equipment229.8M218.7M214.5M199.1M229.0M185.4M
Net Tangible Assets761.1M798.1M923.9M961.9M1.1B876.2M
Short Term Investments330M450M350.7M350.9M220.3M337.6M
Total Current Assets677.9M804.5M852.5M922.9M992.4M775.2M
Non Current Assets Total287.2M317.7M303.4M329.8M381.7M356.0M
Non Currrent Assets Other295.8M287.2M214.5M20.0M23.0M21.9M
Non Current Liabilities Total2.8M2.5M4.0M17.0M13.2M6.6M
Net Invested Capital828.8M953.5M990.5M1.1B1.2B1.0B
Net Working Capital544.4M638.4M691.2M746.2M795.0M684.7M

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Other Information on Investing in Ningbo Stock

Balance Sheet is a snapshot of the financial position of Ningbo David Medical at a specified time, usually calculated after every quarter, six months, or one year. Ningbo David Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo David 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.