Sinofibers Change In Working Capital vs Change To Account Receivables Analysis

300777 Stock

27.13 0.41 1.53%

Sinofibers Technology financial indicator trend analysis is much more than just breaking down Sinofibers Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinofibers Technology is a good investment. Please check the relationship between Sinofibers Technology Change In Working Capital and its Change To Account Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinofibers Technology Co. 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 In Working Capital vs Change To Account Receivables

Change In Working Capital vs Change To Account Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinofibers Technology Change In Working Capital account and Change To Account Receivables. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Sinofibers Technology's Change In Working Capital and Change To Account Receivables is 0.12. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Change To Account Receivables in the same time period over historical financial statements of Sinofibers Technology Co, assuming nothing else is changed. The correlation between historical values of Sinofibers Technology's Change In Working Capital and Change To Account Receivables 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 In Working Capital of Sinofibers Technology Co are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Change In Working Capital i.e., Sinofibers Technology's Change In Working Capital and Change To Account Receivables go up and down completely randomly.

Correlation Coefficient

0.12

Relationship Direction	Positive
Relationship Strength	Insignificant

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Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Change To Account Receivables

Most indicators from Sinofibers Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinofibers Technology 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 Sinofibers Technology Co. 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 11.4 M, whereas Tax Provision is forecasted to decline to about 22.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	317.4M	602.9M	378.3M	305.4M
Total Revenue	411.8M	797.2M	558.8M	402.0M

Gross Profit Total Revenue

Sinofibers Technology fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		-0.27	0.76	1.0	0.8	0.99	0.96	0.74	0.9	0.91	-0.36	-0.69	0.61	0.84	0.69	0.78	0.4	0.79	-0.65	-0.64	1.0	0.61	-0.64	0.91	0.84	0.71
Other Current Liab	-0.27		-0.09	-0.27	0.12	-0.26	-0.11	-0.28	-0.24	-0.1	-0.51	-0.28	0.33	-0.3	-0.52	-0.11	0.15	-0.21	-0.3	-0.28	-0.33	0.33	-0.28	-0.26	0.09	0.3
Total Current Liabilities	0.76	-0.09		0.72	0.59	0.69	0.7	0.97	0.41	0.81	-0.35	-0.66	0.63	0.91	0.65	0.23	0.89	0.98	-0.63	-0.61	0.75	0.63	-0.61	0.82	0.49	0.66
Total Stockholder Equity	1.0	-0.27	0.72		0.8	1.0	0.97	0.71	0.92	0.9	-0.36	-0.68	0.6	0.82	0.67	0.81	0.35	0.76	-0.64	-0.63	0.99	0.6	-0.63	0.9	0.85	0.71
Other Liab	0.8	0.12	0.59	0.8		0.8	0.9	0.53	0.76	0.9	-0.64	-0.82	0.88	0.66	0.53	0.7	0.33	0.62	-0.85	-0.86	0.76	0.88	-0.86	0.83	0.9	0.92
Net Tangible Assets	0.99	-0.26	0.69	1.0	0.8		0.97	0.67	0.94	0.89	-0.37	-0.69	0.6	0.79	0.66	0.84	0.31	0.73	-0.64	-0.63	0.99	0.6	-0.63	0.88	0.87	0.7
Retained Earnings	0.96	-0.11	0.7	0.97	0.9	0.97		0.65	0.91	0.91	-0.55	-0.81	0.74	0.77	0.59	0.82	0.34	0.72	-0.77	-0.76	0.94	0.74	-0.76	0.86	0.91	0.84
Accounts Payable	0.74	-0.28	0.97	0.71	0.53	0.67	0.65		0.38	0.78	-0.16	-0.52	0.49	0.96	0.67	0.16	0.85	0.96	-0.48	-0.46	0.76	0.49	-0.46	0.82	0.41	0.54
Cash	0.9	-0.24	0.41	0.92	0.76	0.94	0.91	0.38		0.75	-0.41	-0.63	0.53	0.53	0.54	0.96	-0.01	0.47	-0.58	-0.58	0.88	0.53	-0.58	0.72	0.88	0.64
Non Current Assets Total	0.91	-0.1	0.81	0.9	0.9	0.89	0.91	0.78	0.75		-0.48	-0.78	0.8	0.87	0.71	0.63	0.54	0.84	-0.74	-0.75	0.9	0.8	-0.75	0.98	0.87	0.86
Non Currrent Assets Other	-0.36	-0.51	-0.35	-0.36	-0.64	-0.37	-0.55	-0.16	-0.41	-0.48		0.91	-0.85	-0.17	-0.1	-0.42	-0.27	-0.31	0.82	0.78	-0.29	-0.85	0.78	-0.31	-0.59	-0.85
Other Assets	-0.69	-0.28	-0.66	-0.68	-0.82	-0.69	-0.81	-0.52	-0.63	-0.78	0.91		-0.92	-0.54	-0.4	-0.57	-0.48	-0.64	0.9	0.86	-0.63	-0.92	0.86	-0.65	-0.78	-0.96
Long Term Debt	0.61	0.33	0.63	0.6	0.88	0.6	0.74	0.49	0.53	0.8	-0.85	-0.92		0.53	0.49	0.49	0.49	0.64	-0.96	-0.96	0.55	1.0	-0.96	0.7	0.75	0.97
Net Receivables	0.84	-0.3	0.91	0.82	0.66	0.79	0.77	0.96	0.53	0.87	-0.17	-0.54	0.53		0.66	0.34	0.7	0.91	-0.5	-0.5	0.85	0.53	-0.5	0.91	0.6	0.61
Non Current Liabilities Total	0.69	-0.52	0.65	0.67	0.53	0.66	0.59	0.67	0.54	0.71	-0.1	-0.4	0.49	0.66		0.39	0.41	0.8	-0.5	-0.54	0.69	0.49	-0.54	0.81	0.42	0.44
Inventory	0.78	-0.11	0.23	0.81	0.7	0.84	0.82	0.16	0.96	0.63	-0.42	-0.57	0.49	0.34	0.39		-0.19	0.29	-0.56	-0.57	0.75	0.49	-0.57	0.59	0.86	0.58
Other Current Assets	0.4	0.15	0.89	0.35	0.33	0.31	0.34	0.85	-0.01	0.54	-0.27	-0.48	0.49	0.7	0.41	-0.19		0.82	-0.44	-0.41	0.39	0.49	-0.41	0.53	0.17	0.48
Total Liab	0.79	-0.21	0.98	0.76	0.62	0.73	0.72	0.96	0.47	0.84	-0.31	-0.64	0.64	0.91	0.8	0.29	0.82		-0.64	-0.63	0.79	0.64	-0.63	0.87	0.51	0.65
Deferred Long Term Liab	-0.65	-0.3	-0.63	-0.64	-0.85	-0.64	-0.77	-0.48	-0.58	-0.74	0.82	0.9	-0.96	-0.5	-0.5	-0.56	-0.44	-0.64		0.99	-0.58	-0.96	0.99	-0.66	-0.71	-0.93
Short Long Term Debt	-0.64	-0.28	-0.61	-0.63	-0.86	-0.63	-0.76	-0.46	-0.58	-0.75	0.78	0.86	-0.96	-0.5	-0.54	-0.57	-0.41	-0.63	0.99		-0.58	-0.96	1.0	-0.69	-0.72	-0.91
Total Current Assets	1.0	-0.33	0.75	0.99	0.76	0.99	0.94	0.76	0.88	0.9	-0.29	-0.63	0.55	0.85	0.69	0.75	0.39	0.79	-0.58	-0.58		0.55	-0.58	0.91	0.81	0.66
Non Current Liabilities Other	0.61	0.33	0.63	0.6	0.88	0.6	0.74	0.49	0.53	0.8	-0.85	-0.92	1.0	0.53	0.49	0.49	0.49	0.64	-0.96	-0.96	0.55		-0.96	0.7	0.75	0.97
Short Term Debt	-0.64	-0.28	-0.61	-0.63	-0.86	-0.63	-0.76	-0.46	-0.58	-0.75	0.78	0.86	-0.96	-0.5	-0.54	-0.57	-0.41	-0.63	0.99	1.0	-0.58	-0.96		-0.69	-0.72	-0.91
Intangible Assets	0.91	-0.26	0.82	0.9	0.83	0.88	0.86	0.82	0.72	0.98	-0.31	-0.65	0.7	0.91	0.81	0.59	0.53	0.87	-0.66	-0.69	0.91	0.7	-0.69		0.79	0.74
Common Stock	0.84	0.09	0.49	0.85	0.9	0.87	0.91	0.41	0.88	0.87	-0.59	-0.78	0.75	0.6	0.42	0.86	0.17	0.51	-0.71	-0.72	0.81	0.75	-0.72	0.79		0.85
Property Plant Equipment	0.71	0.3	0.66	0.71	0.92	0.7	0.84	0.54	0.64	0.86	-0.85	-0.96	0.97	0.61	0.44	0.58	0.48	0.65	-0.93	-0.91	0.66	0.97	-0.91	0.74	0.85

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Sinofibers Technology Account Relationship Matchups

Sinofibers Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.4B	1.5B	4.5B	4.4B	4.6B
Other Current Liab	65.8M	71.7M	21.0M	24.1K	27.7K	26.3K
Total Current Liabilities	175.7M	112.3M	106.2M	471.0M	163.5M	183.1M
Total Stockholder Equity	979.9M	1.2B	1.3B	3.9B	4.1B	4.3B
Other Liab	47.7M	48.8M	60.5M	60.4M	69.4M	56.4M
Net Tangible Assets	943.8M	1.1B	1.3B	3.5B	4.0B	4.2B
Retained Earnings	409.2M	613.9M	773.2M	1.2B	1.3B	1.4B
Accounts Payable	61.5M	29.7M	74.1M	432.1M	119.6M	119.9M
Cash	74.3M	200.8M	192.7M	249.8M	651.9M	684.5M
Non Current Assets Total	751.8M	762.2M	807.5M	1.8B	1.8B	994.3M
Non Currrent Assets Other	810.3K	11.0M	5.7M	58.4M	35.8M	28.2M
Other Assets	10.5M	5.2M	14.7M	8.9M	8.1M	7.7M
Net Receivables	240.4M	188.5M	323.8M	757.7M	450.4M	350.2M
Non Current Liabilities Total	48.8M	60.5M	60.4M	159.4M	159.7M	113.0M
Inventory	26.6M	28.7M	27.3M	16.3M	73.6M	77.3M
Other Current Assets	46.0M	33.2M	6.2M	119.2M	1.1M	1.0M
Total Liab	224.5M	172.8M	166.5M	630.3M	323.2M	296.5M
Total Current Assets	452.6M	595.3M	703.2M	2.8B	2.6B	2.7B
Intangible Assets	36.1M	35.1M	43.8M	109.4M	107.9M	60.1M
Property Plant Equipment	568.4M	710.4M	711.4M	754.8M	868.0M	587.1M
Net Invested Capital	979.9M	1.2B	1.3B	3.9B	4.1B	4.3B
Net Working Capital	277.0M	482.9M	597.0M	2.3B	2.4B	2.5B

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Other Information on Investing in Sinofibers Stock

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

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Sinofibers Change In Working Capital vs Change To Account Receivables Analysis

Change In Working Capital vs Change To Account Receivables

Change In Working Capital vs Change To Account Receivables Correlation Analysis

Correlation Coefficient

Change In Working Capital

Change To Account Receivables

Sinofibers Technology fundamental ratios Correlations

Sinofibers Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sinofibers Technology fundamental ratios Accounts

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Other Information on Investing in Sinofibers Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Non Current Liabilities Other	+ 1.0	Long Term Debt
Short Term Debt	+ 1.0	Short Long Term Debt
Net Tangible Assets	+ 0.99	Total Assets

Short Term Debt	- 0.96	Non Current Liabilities Other
Non Current Liabilities Other	- 0.96	Short Long Term Debt
Non Current Liabilities Other	- 0.96	Deferred Long Term Liab
Short Term Debt	- 0.96	Long Term Debt
Short Long Term Debt	- 0.96	Long Term Debt
Deferred Long Term Liab	- 0.96	Long Term Debt