Tianjin Net Borrowings vs Change In Working Capital Analysis

300828 Stock

16.14 0.11 0.68%

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

Net Borrowings vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tianjin Ruixin Technology Net Borrowings account and Change In Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Tianjin Ruixin's Net Borrowings and Change In Working Capital is -0.13. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Tianjin Ruixin Technology, assuming nothing else is changed. The correlation between historical values of Tianjin Ruixin's Net Borrowings and Change In Working Capital 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 Borrowings of Tianjin Ruixin Technology are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Net Borrowings i.e., Tianjin Ruixin's Net Borrowings and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

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.

Most indicators from Tianjin Ruixin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tianjin Ruixin 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 Tianjin Ruixin Technology. 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 Tax Provision is expected to grow to about 10.3 M, whereas Selling General Administrative is forecasted to decline to about 11.3 M.

	2021	2023	2024 (projected)
Tax Provision	9.5M	8.1M	10.3M
Income Tax Expense	9.5M	10.9M	9.9M

Tax Provision Income Tax Expense

Tianjin Ruixin 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	Other Assets	Cash And Short Term Investments	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Short Term Investments	Non Current Liabilities Total
Total Assets		0.23	-0.31	0.6	0.99	0.95	0.36	0.07	0.97	0.7	0.75	0.95	0.75	0.24	0.9	0.93	0.98	-0.04	0.86	0.53	0.98	0.25	0.77	0.89	0.89	0.18
Short Long Term Debt Total	0.23		-0.32	0.74	0.09	0.34	0.2	0.96	0.28	0.53	-0.27	0.33	0.04	-0.17	-0.03	0.33	0.28	0.03	-0.15	0.91	0.17	0.85	0.24	0.19	0.02	0.75
Other Current Liab	-0.31	-0.32		-0.13	-0.29	-0.34	0.42	-0.21	-0.39	-0.28	-0.12	-0.35	-0.39	0.27	-0.17	-0.31	-0.33	0.09	-0.23	-0.21	-0.27	-0.23	-0.39	-0.3	-0.18	-0.25
Total Current Liabilities	0.6	0.74	-0.13		0.49	0.6	0.48	0.68	0.58	0.61	0.16	0.59	0.4	-0.09	0.48	0.59	0.65	-0.07	0.28	0.89	0.59	0.7	0.37	0.59	0.53	0.32
Total Stockholder Equity	0.99	0.09	-0.29	0.49		0.91	0.32	-0.08	0.95	0.62	0.81	0.92	0.76	0.26	0.93	0.91	0.96	-0.06	0.91	0.4	0.98	0.14	0.76	0.89	0.91	0.07
Property Plant And Equipment Net	0.95	0.34	-0.34	0.6	0.91		0.3	0.21	0.91	0.85	0.59	1.0	0.67	0.33	0.77	0.84	0.9	0.0	0.77	0.63	0.88	0.21	0.8	0.77	0.77	0.38
Current Deferred Revenue	0.36	0.2	0.42	0.48	0.32	0.3		0.17	0.3	0.11	0.17	0.31	0.39	-0.32	0.23	0.45	0.46	-0.07	0.26	0.4	0.37	0.28	0.25	0.42	0.25	0.08
Net Debt	0.07	0.96	-0.21	0.68	-0.08	0.21	0.17		0.12	0.44	-0.47	0.19	-0.13	-0.2	-0.18	0.18	0.11	0.07	-0.33	0.86	0.01	0.79	0.14	0.02	-0.14	0.74
Retained Earnings	0.97	0.28	-0.39	0.58	0.95	0.91	0.3	0.12		0.7	0.69	0.91	0.7	0.19	0.85	0.93	0.95	0.08	0.81	0.54	0.96	0.28	0.72	0.83	0.84	0.24
Accounts Payable	0.7	0.53	-0.28	0.61	0.62	0.85	0.11	0.44	0.7		0.3	0.82	0.3	0.46	0.49	0.59	0.63	0.18	0.47	0.75	0.6	0.21	0.56	0.38	0.51	0.62
Cash	0.75	-0.27	-0.12	0.16	0.81	0.59	0.17	-0.47	0.69	0.3		0.61	0.62	0.33	0.82	0.7	0.71	-0.05	0.85	0.0	0.8	-0.11	0.54	0.73	0.79	-0.25
Non Current Assets Total	0.95	0.33	-0.35	0.59	0.92	1.0	0.31	0.19	0.91	0.82	0.61		0.69	0.3	0.77	0.86	0.91	-0.02	0.78	0.61	0.89	0.21	0.84	0.8	0.77	0.37
Non Currrent Assets Other	0.75	0.04	-0.39	0.4	0.76	0.67	0.39	-0.13	0.7	0.3	0.62	0.69		-0.13	0.7	0.7	0.76	-0.27	0.86	0.25	0.75	0.14	0.63	0.82	0.75	-0.08
Other Assets	0.24	-0.17	0.27	-0.09	0.26	0.33	-0.32	-0.2	0.19	0.46	0.33	0.3	-0.13		0.3	0.08	0.06	0.26	0.28	0.0	0.2	-0.3	0.2	0.0	0.28	0.13
Cash And Short Term Investments	0.9	-0.03	-0.17	0.48	0.93	0.77	0.23	-0.18	0.85	0.49	0.82	0.77	0.7	0.3		0.76	0.87	-0.22	0.88	0.27	0.94	0.12	0.54	0.85	0.99	-0.17
Net Receivables	0.93	0.33	-0.31	0.59	0.91	0.84	0.45	0.18	0.93	0.59	0.7	0.86	0.7	0.08	0.76		0.94	0.05	0.76	0.58	0.93	0.42	0.79	0.86	0.75	0.3
Inventory	0.98	0.28	-0.33	0.65	0.96	0.9	0.46	0.11	0.95	0.63	0.71	0.91	0.76	0.06	0.87	0.94		-0.12	0.82	0.55	0.97	0.33	0.74	0.91	0.87	0.15
Other Current Assets	-0.04	0.03	0.09	-0.07	-0.06	0.0	-0.07	0.07	0.08	0.18	-0.05	-0.02	-0.27	0.26	-0.22	0.05	-0.12		-0.14	0.06	-0.05	-0.14	-0.01	-0.22	-0.24	0.23
Other Stockholder Equity	0.86	-0.15	-0.23	0.28	0.91	0.77	0.26	-0.33	0.81	0.47	0.85	0.78	0.86	0.28	0.88	0.76	0.82	-0.14		0.16	0.87	-0.06	0.66	0.78	0.89	-0.09
Total Liab	0.53	0.91	-0.21	0.89	0.4	0.63	0.4	0.86	0.54	0.75	0.0	0.61	0.25	0.0	0.27	0.58	0.55	0.06	0.16		0.47	0.75	0.45	0.41	0.32	0.72
Total Current Assets	0.98	0.17	-0.27	0.59	0.98	0.88	0.37	0.01	0.96	0.6	0.8	0.89	0.75	0.2	0.94	0.93	0.97	-0.05	0.87	0.47		0.27	0.7	0.91	0.93	0.07
Short Term Debt	0.25	0.85	-0.23	0.7	0.14	0.21	0.28	0.79	0.28	0.21	-0.11	0.21	0.14	-0.3	0.12	0.42	0.33	-0.14	-0.06	0.75	0.27		0.21	0.36	0.16	0.49
Intangible Assets	0.77	0.24	-0.39	0.37	0.76	0.8	0.25	0.14	0.72	0.56	0.54	0.84	0.63	0.2	0.54	0.79	0.74	-0.01	0.66	0.45	0.7	0.21		0.73	0.53	0.37
Common Stock	0.89	0.19	-0.3	0.59	0.89	0.77	0.42	0.02	0.83	0.38	0.73	0.8	0.82	0.0	0.85	0.86	0.91	-0.22	0.78	0.41	0.91	0.36	0.73		0.85	-0.04
Short Term Investments	0.89	0.02	-0.18	0.53	0.91	0.77	0.25	-0.14	0.84	0.51	0.79	0.77	0.75	0.28	0.99	0.75	0.87	-0.24	0.89	0.32	0.93	0.16	0.53	0.85		-0.14
Non Current Liabilities Total	0.18	0.75	-0.25	0.32	0.07	0.38	0.08	0.74	0.24	0.62	-0.25	0.37	-0.08	0.13	-0.17	0.3	0.15	0.23	-0.09	0.72	0.07	0.49	0.37	-0.04	-0.14

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Tianjin Ruixin Account Relationship Matchups

Tianjin Ruixin fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	569.4M	782.9M	825.6M	979.6M	862.1M	515.4M
Short Long Term Debt Total	128.4M	199.4K	607.3K	88.9M	32.4M	41.6M
Other Current Liab	952.1K	13.5M	3.2M	5.6M	1.3M	1.3M
Total Current Liabilities	106.7M	43.6M	42.9M	135.8M	65.3M	55.3M
Total Stockholder Equity	389.0M	733.2M	775.8M	835.0M	789.0M	446.9M
Property Plant And Equipment Net	289.2M	293.5M	281.8M	279.9M	307.7M	193.1M
Net Debt	116.4M	(38.0M)	(34.7M)	51.3M	(1.5M)	(1.4M)
Retained Earnings	211.0M	242.8M	278.9M	324.3M	259.8M	188.0M
Accounts Payable	38.5M	28.7M	22.8M	21.3M	14.1M	15.3M
Cash	12.0M	38.2M	35.3M	37.6M	33.9M	26.5M
Non Current Assets Total	323.9M	333.6M	325.5M	325.6M	377.6M	227.0M
Other Assets	1.6M	1.5M	7.0M	1.0	1.15	1.09
Cash And Short Term Investments	12.0M	214.2M	171.7M	251.9M	152.8M	81.6M
Net Receivables	102.7M	102.5M	139.8M	183.7M	155.4M	96.8M
Liabilities And Stockholders Equity	569.4M	782.9M	825.6M	979.6M	862.1M	515.4M
Inventory	106.3M	117.3M	176.0M	214.7M	170.6M	95.7M
Other Current Assets	24.5M	15.3M	12.6M	3.7M	5.7M	5.4M
Other Stockholder Equity	95.3M	12.3M	332.1M	279.9M	289.3M	303.8M
Total Liab	180.4M	49.7M	49.8M	144.6M	73.1M	68.5M
Total Current Assets	245.5M	449.3M	500.1M	654.0M	484.5M	288.3M
Intangible Assets	33.2M	33.1M	32.4M	31.9M	50.8M	29.2M
Non Current Liabilities Total	73.7M	6.1M	6.9M	8.8M	7.9M	15.3M
Other Liab	1.5M	1.7M	6.1M	6.6M	7.6M	8.0M
Net Tangible Assets	313.1M	355.7M	700.1M	743.4M	854.9M	443.4M
Property Plant Equipment	160.4M	289.2M	293.5M	281.8M	324.1M	212.9M
Net Invested Capital	491.0M	733.2M	775.8M	923.6M	821.4M	702.7M
Net Working Capital	138.8M	405.7M	457.2M	518.2M	419.2M	361.7M

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Other Information on Investing in Tianjin Stock

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

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Tianjin Net Borrowings vs Change In Working Capital Analysis

Net Borrowings vs Change In Working Capital

Net Borrowings vs Change In Working Capital Correlation Analysis

Correlation Coefficient

Net Borrowings

Change In Working Capital

Tianjin Ruixin fundamental ratios Correlations

Tianjin Ruixin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tianjin Ruixin fundamental ratios Accounts

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Other Information on Investing in Tianjin Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Total Assets
Short Term Investments	+ 0.99	Cash And Short Term Investments
Inventory	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Total Stockholder Equity

Cash	- 0.47	Net Debt
Intangible Assets	- 0.39	Other Current Liab
Non Currrent Assets Other	- 0.39	Other Current Liab
Retained Earnings	- 0.39	Other Current Liab
Non Current Assets Total	- 0.35	Other Current Liab
Property Plant And Equipment Net	- 0.34	Other Current Liab