Lingyuan Property Plant Equipment vs Retained Earnings Analysis

600231 Stock   2.16  0.09  4.35%   
Lingyuan Iron financial indicator trend analysis is infinitely more than just investigating Lingyuan Iron Steel recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lingyuan Iron Steel is a good investment. Please check the relationship between Lingyuan Iron Property Plant Equipment and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Lingyuan Iron Steel. 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.

Property Plant Equipment vs Retained Earnings

Property Plant Equipment vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lingyuan Iron Steel Property Plant Equipment account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between Lingyuan Iron's Property Plant Equipment and Retained Earnings is 0.63. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Lingyuan Iron Steel, assuming nothing else is changed. The correlation between historical values of Lingyuan Iron's Property Plant Equipment and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Lingyuan Iron Steel are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Property Plant Equipment i.e., Lingyuan Iron's Property Plant Equipment and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.63
Relationship DirectionPositive 
Relationship StrengthSignificant

Property Plant Equipment

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Lingyuan Iron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lingyuan Iron Steel 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 Lingyuan Iron Steel. 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.
As of December 12, 2024, Selling General Administrative is expected to decline to about 121.8 M. The current year's Tax Provision is expected to grow to about (223.2 M)
 2021 2023 2024 (projected)
Research Development12.0M9.7M11.4M
Income Tax Expense290.1M333.6M350.3M

Lingyuan Iron fundamental ratios Correlations

0.580.860.790.770.920.810.120.090.580.080.830.560.940.430.240.610.480.28-0.450.08-0.38-0.13-0.34-0.38-0.4
0.580.620.350.460.540.320.00.320.340.470.580.070.530.22-0.380.4-0.09-0.340.05-0.1-0.52-0.73-0.250.140.11
0.860.620.390.460.780.630.310.230.560.230.970.20.810.67-0.060.480.06-0.08-0.06-0.03-0.16-0.12-0.160.02-0.07
0.790.350.390.920.770.73-0.35-0.020.4-0.210.30.820.73-0.080.460.570.850.57-0.790.32-0.64-0.18-0.63-0.74-0.76
0.770.460.460.920.760.7-0.380.140.57-0.020.340.670.63-0.080.280.480.730.43-0.640.51-0.79-0.32-0.72-0.6-0.68
0.920.540.780.770.760.8-0.080.070.36-0.120.710.560.860.430.190.720.510.32-0.460.21-0.47-0.12-0.42-0.4-0.48
0.810.320.630.730.70.8-0.1-0.110.34-0.150.590.450.690.420.140.640.460.32-0.340.35-0.38-0.11-0.38-0.32-0.42
0.120.00.31-0.35-0.38-0.08-0.1-0.110.120.470.5-0.20.190.560.0-0.09-0.44-0.120.33-0.580.660.290.770.310.58
0.090.320.23-0.020.140.07-0.11-0.110.150.290.16-0.160.00.01-0.34-0.04-0.24-0.610.180.0-0.42-0.31-0.330.320.12
0.580.340.560.40.570.360.340.120.150.360.530.170.430.10.27-0.080.290.19-0.170.34-0.2-0.07-0.28-0.2-0.29
0.080.470.23-0.21-0.02-0.12-0.150.470.290.360.32-0.430.050.12-0.53-0.36-0.52-0.520.53-0.25-0.04-0.40.350.580.65
0.830.580.970.30.340.710.590.50.160.530.320.120.790.73-0.050.42-0.04-0.090.03-0.170.0-0.040.050.090.07
0.560.070.20.820.670.560.45-0.2-0.160.17-0.430.120.59-0.10.670.60.860.72-0.970.12-0.350.05-0.52-0.88-0.79
0.940.530.810.730.630.860.690.190.00.430.050.790.590.380.230.610.460.28-0.48-0.16-0.25-0.05-0.2-0.4-0.34
0.430.220.67-0.08-0.080.430.420.560.010.10.120.73-0.10.38-0.20.44-0.31-0.160.27-0.220.290.180.30.330.29
0.24-0.38-0.060.460.280.190.140.0-0.340.27-0.53-0.050.670.23-0.20.070.730.86-0.730.220.180.5-0.17-0.83-0.72
0.610.40.480.570.480.720.64-0.09-0.04-0.08-0.360.420.60.610.440.070.40.23-0.48-0.03-0.36-0.19-0.33-0.38-0.34
0.48-0.090.060.850.730.510.46-0.44-0.240.29-0.52-0.040.860.46-0.310.730.40.83-0.920.43-0.410.13-0.58-0.94-0.92
0.28-0.34-0.080.570.430.320.32-0.12-0.610.19-0.52-0.090.720.28-0.160.860.230.83-0.770.340.010.43-0.19-0.87-0.75
-0.450.05-0.06-0.79-0.64-0.46-0.340.330.18-0.170.530.03-0.97-0.480.27-0.73-0.48-0.92-0.77-0.210.36-0.110.570.950.87
0.08-0.1-0.030.320.510.210.35-0.580.00.34-0.25-0.170.12-0.16-0.220.22-0.030.430.34-0.21-0.45-0.14-0.63-0.29-0.55
-0.38-0.52-0.16-0.64-0.79-0.47-0.380.66-0.42-0.2-0.040.0-0.35-0.250.290.18-0.36-0.410.010.36-0.450.590.790.280.44
-0.13-0.73-0.12-0.18-0.32-0.12-0.110.29-0.31-0.07-0.4-0.040.05-0.050.180.5-0.190.130.43-0.11-0.140.590.37-0.18-0.14
-0.34-0.25-0.16-0.63-0.72-0.42-0.380.77-0.33-0.280.350.05-0.52-0.20.3-0.17-0.33-0.58-0.190.57-0.630.790.370.480.75
-0.380.140.02-0.74-0.6-0.4-0.320.310.32-0.20.580.09-0.88-0.40.33-0.83-0.38-0.94-0.870.95-0.290.28-0.180.480.88
-0.40.11-0.07-0.76-0.68-0.48-0.420.580.12-0.290.650.07-0.79-0.340.29-0.72-0.34-0.92-0.750.87-0.550.44-0.140.750.88
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Lingyuan Iron Account Relationship Matchups

Lingyuan Iron fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets15.9B16.0B17.6B16.6B16.5B11.0B
Other Current Liab853.0M854.6M840.1M1.1B185.8M176.5M
Total Current Liabilities7.8B6.8B7.7B7.2B7.3B5.4B
Total Stockholder Equity7.7B8.3B9.3B8.1B7.4B4.8B
Retained Earnings4.5B4.9B5.7B3.6B2.9B2.5B
Accounts Payable5.0B4.7B5.1B5.0B4.0B2.6B
Cash2.6B3.4B4.2B2.8B2.9B1.8B
Long Term Debt258.8M529.1M411.0M741.2M1.4B1.5B
Net Receivables2.4B38.1M216.4M10.4M6.1M5.8M
Inventory1.6B2.0B2.5B1.7B2.0B1.6B
Other Current Assets214.2M302.8M434.8M170.9M48.7M46.3M
Total Liab8.1B7.7B8.4B8.5B9.0B6.2B
Property Plant Equipment8.2B8.4B8.6B9.1B10.5B5.5B
Other Assets272.5M325.6M350.0M351.2M403.9M378.2M
Other Liab90.7M99.0M103.2M198.3M228.0M239.4M
Intangible Assets539.5M522.8M537.5M512.4M466.3M434.5M
Net Tangible Assets7.2B7.8B8.7B7.6B8.8B7.3B
Other Stockholder Equity12.5M25.4M130.4M131.1M150.8M158.4M
Total Current Assets6.8B6.7B8.1B6.3B5.4B6.8B
Non Current Assets Total9.1B9.3B9.5B10.3B11.1B10.9B
Non Currrent Assets Other273.2M288.2M255.0M265.2M325.5M298.0M
Non Current Liabilities Total349.5M899.9M704.1M1.3B1.7B1.2B
Short Long Term Debt1.7B937.5M1.4B776.2M478.0M454.1M
Non Current Liabilities Other6.5M6.8M7.2M7.5M7.9M7.5M
Net Invested Capital9.5B9.7B11.0B9.7B9.3B10.8B
Net Working Capital(1.0B)(147.1M)468.9M(912.7M)(1.9B)(2.0B)

Currently Active Assets on Macroaxis

Other Information on Investing in Lingyuan Stock

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