NBTM Non Current Assets Total vs Total Revenue Analysis

600114 Stock   16.13  0.36  2.18%   
NBTM New financial indicator trend analysis is infinitely more than just investigating NBTM New Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NBTM New Materials is a good investment. Please check the relationship between NBTM New Non Current Assets Total and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in NBTM New Materials. 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.

Non Current Assets Total vs Total Revenue

Non Current Assets Total vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NBTM New Materials Non Current Assets Total account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between NBTM New's Non Current Assets Total and Total Revenue is 0.94. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Revenue in the same time period over historical financial statements of NBTM New Materials, assuming nothing else is changed. The correlation between historical values of NBTM New's Non Current Assets Total and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of NBTM New Materials are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Non Current Assets Total i.e., NBTM New's Non Current Assets Total and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Total Revenue

Total revenue comprises all receipts NBTM New Materials generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from NBTM New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NBTM New Materials 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 NBTM New Materials. 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.
The current year's Selling General Administrative is expected to grow to about 114.6 M, whereas Tax Provision is forecasted to decline to about 5.7 M.
 2021 2022 2023 2024 (projected)
Operating Income219.0M285.0M317.7M178.9M
Total Revenue3.6B3.7B3.9B4.1B

NBTM New fundamental ratios Correlations

0.020.770.70.880.960.630.940.870.970.980.330.930.910.920.990.96-0.480.92-0.780.240.920.830.950.93-0.8
0.02-0.010.580.4-0.130.55-0.1-0.30.08-0.08-0.03-0.260.270.23-0.09-0.10.22-0.26-0.520.610.010.210.02-0.090.28
0.77-0.010.550.60.750.530.640.610.750.730.550.790.640.590.720.65-0.50.76-0.560.020.880.720.850.87-0.75
0.70.580.550.910.550.920.560.320.750.590.340.410.810.840.610.55-0.250.4-0.850.730.720.860.720.58-0.27
0.880.40.60.910.780.820.790.580.910.810.290.660.920.960.820.79-0.440.65-0.930.630.830.90.850.74-0.46
0.96-0.130.750.550.780.490.940.910.920.960.210.960.840.830.970.97-0.480.96-0.650.060.890.730.910.92-0.84
0.630.550.530.920.820.490.480.230.660.490.350.350.720.70.510.44-0.160.36-0.740.750.650.770.670.5-0.28
0.94-0.10.640.560.790.940.480.910.90.950.20.920.780.840.960.95-0.420.89-0.680.160.830.740.870.86-0.75
0.87-0.30.610.320.580.910.230.910.770.940.10.960.690.680.920.95-0.430.95-0.48-0.150.760.580.810.88-0.89
0.970.080.750.750.910.920.660.90.770.930.350.860.910.950.940.91-0.460.83-0.810.330.90.840.910.86-0.66
0.98-0.080.730.590.810.960.490.950.940.930.260.960.850.860.990.98-0.520.94-0.70.130.90.790.930.94-0.82
0.33-0.030.550.340.290.210.350.20.10.350.260.280.260.30.280.16-0.250.24-0.30.190.410.380.370.34-0.24
0.93-0.260.790.410.660.960.350.920.960.860.960.280.750.730.950.95-0.50.99-0.56-0.10.870.670.890.95-0.92
0.910.270.640.810.920.840.720.780.690.910.850.260.750.940.860.85-0.380.76-0.830.370.830.80.860.8-0.65
0.920.230.590.840.960.830.70.840.680.950.860.30.730.940.890.86-0.460.72-0.860.490.820.870.840.77-0.54
0.99-0.090.720.610.820.970.510.960.920.940.990.280.950.860.890.98-0.450.94-0.710.140.880.770.910.92-0.82
0.96-0.10.650.550.790.970.440.950.950.910.980.160.950.850.860.98-0.430.94-0.670.080.840.720.880.9-0.81
-0.480.22-0.5-0.25-0.44-0.48-0.16-0.42-0.43-0.46-0.52-0.25-0.5-0.38-0.46-0.45-0.43-0.520.39-0.19-0.64-0.64-0.57-0.590.36
0.92-0.260.760.40.650.960.360.890.950.830.940.240.990.760.720.940.94-0.52-0.55-0.10.870.660.890.94-0.94
-0.78-0.52-0.56-0.85-0.93-0.65-0.74-0.68-0.48-0.81-0.7-0.3-0.56-0.83-0.86-0.71-0.670.39-0.55-0.59-0.74-0.8-0.75-0.650.39
0.240.610.020.730.630.060.750.16-0.150.330.130.19-0.10.370.490.140.08-0.19-0.1-0.590.260.570.270.050.28
0.920.010.880.720.830.890.650.830.760.90.90.410.870.830.820.880.84-0.640.87-0.740.260.910.990.96-0.76
0.830.210.720.860.90.730.770.740.580.840.790.380.670.80.870.770.72-0.640.66-0.80.570.910.90.82-0.49
0.950.020.850.720.850.910.670.870.810.910.930.370.890.860.840.910.88-0.570.89-0.750.270.990.90.96-0.78
0.93-0.090.870.580.740.920.50.860.880.860.940.340.950.80.770.920.9-0.590.94-0.650.050.960.820.96-0.88
-0.80.28-0.75-0.27-0.46-0.84-0.28-0.75-0.89-0.66-0.82-0.24-0.92-0.65-0.54-0.82-0.810.36-0.940.390.28-0.76-0.49-0.78-0.88
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NBTM New Account Relationship Matchups

NBTM New fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.2B5.9B6.1B6.5B6.8B7.1B
Other Current Liab112.1M92.2M75.1M159.8M580.5K551.4K
Total Current Liabilities1.2B2.2B1.9B1.8B1.6B836.5M
Total Stockholder Equity2.6B2.6B2.6B2.5B2.5B1.4B
Retained Earnings846.1M810.4M742.5M868.8M794.2M833.9M
Accounts Payable247.6M436.3M302.3M464.4M513.2M538.8M
Cash351.0M447.6M365.0M340.9M257.4M198.6M
Other Assets119.1M148.9M157.0M213.9M246.0M258.3M
Net Receivables972.0M988.6M960.1M980.2M1.1B1.1B
Inventory464.7M588.1M755.9M900.1M909.6M955.1M
Other Current Assets30.2M41.5M43.6M19.9M23.8M20.5M
Total Liab1.3B2.9B3.2B3.6B3.9B4.0B
Intangible Assets279.8M392.4M384.5M377.0M381.5M400.6M
Common Stock645.5M616.5M616.4M616.4M708.8M744.3M
Property Plant Equipment1.6B2.3B2.5B2.7B3.1B3.3B
Other Liab67.3M89.7M106.8M139.2M160.1M168.1M
Good Will94.0M543.4M459.2M575.9M662.3M695.4M
Net Tangible Assets2.3B1.7B1.7B1.6B1.4B1.5B
Deferred Long Term Liab63.7M93.8M80.2M85.1M97.9M61.8M
Total Current Assets1.8B2.3B2.4B2.4B2.6B2.0B
Non Current Assets Total2.4B3.6B3.8B4.1B4.2B3.2B
Non Currrent Assets Other1.8B2.1B2.4B9.9M8.9M8.4M
Non Current Liabilities Total123.2M680.8M1.3B1.8B2.3B2.4B
Common Stock Shares Outstanding645.5M616.5M616.4M616.4M554.7M499.8M
Net Invested Capital3.4B4.6B4.7B4.8B4.4B4.3B
Net Working Capital612.1M96.2M496.5M535.2M1.0B519.8M

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Other Information on Investing in NBTM Stock

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