Ningbo Total Revenue vs Total Operating Expenses Analysis

600982 Stock   4.12  0.03  0.73%   
Ningbo Thermal financial indicator trend analysis is infinitely more than just investigating Ningbo Thermal Power recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Thermal Power is a good investment. Please check the relationship between Ningbo Thermal Total Revenue and its Total Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Thermal Power. 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.

Total Revenue vs Total Operating Expenses

Total Revenue vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Thermal Power Total Revenue account and Total Operating Expenses. At this time, the significance of the direction appears to have totally related.
The correlation between Ningbo Thermal's Total Revenue and Total Operating Expenses is 0.99. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Ningbo Thermal Power, assuming nothing else is changed. The correlation between historical values of Ningbo Thermal's Total Revenue and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Ningbo Thermal Power are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Total Revenue i.e., Ningbo Thermal's Total Revenue and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Revenue

Total revenue comprises all receipts Ningbo Thermal Power 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.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Ningbo Thermal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Thermal Power 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 Thermal Power. 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 337.1 M, whereas Tax Provision is forecasted to decline to about 13.8 M.
 2021 2022 2023 2024 (projected)
Operating Income279.4M212.5M210.9M221.4M
Total Revenue6.9B9.3B5.4B5.7B

Ningbo Thermal fundamental ratios Correlations

-0.060.950.920.990.890.270.940.860.530.980.930.890.970.910.690.860.370.850.89-0.830.80.20.890.870.61
-0.06-0.010.150.05-0.320.20.13-0.230.57-0.150.110.150.11-0.280.010.210.01-0.240.03-0.280.040.110.140.090.31
0.95-0.010.840.950.920.240.930.760.580.950.880.80.970.820.80.880.280.790.91-0.870.80.120.950.920.71
0.920.150.840.950.730.50.930.780.660.830.820.990.910.710.60.880.480.660.82-0.860.650.310.830.80.66
0.990.050.950.950.850.340.960.840.590.960.930.920.980.870.70.890.390.810.89-0.860.790.210.90.880.66
0.89-0.320.920.730.850.230.780.70.40.910.790.670.840.820.710.690.260.80.8-0.680.760.130.840.80.51
0.270.20.240.50.340.230.330.140.350.160.160.460.260.060.320.30.320.080.19-0.250.160.060.310.380.45
0.940.130.930.930.960.780.330.820.680.890.870.910.980.770.740.970.380.710.92-0.950.720.20.910.930.8
0.86-0.230.760.780.840.70.140.820.370.850.690.780.810.880.630.760.150.750.72-0.720.510.110.640.740.58
0.530.570.580.660.590.40.350.680.370.450.570.630.640.260.460.690.080.320.6-0.80.510.40.70.680.71
0.98-0.150.950.830.960.910.160.890.850.450.930.80.940.950.70.80.30.90.87-0.770.820.140.870.850.56
0.930.110.880.820.930.790.160.870.690.570.930.780.920.850.530.770.40.830.85-0.760.880.290.860.790.48
0.890.150.80.990.920.670.460.910.780.630.80.780.890.690.570.880.50.620.8-0.850.60.320.80.770.65
0.970.110.970.910.980.840.260.980.810.640.940.920.890.830.750.940.370.780.93-0.920.80.150.920.910.73
0.91-0.280.820.710.870.820.060.770.880.260.950.850.690.830.620.650.240.920.74-0.60.740.030.690.730.4
0.690.010.80.60.70.710.320.740.630.460.70.530.570.750.620.740.010.570.67-0.720.52-0.390.70.850.84
0.860.210.880.880.890.690.30.970.760.690.80.770.880.940.650.740.350.590.89-0.980.630.150.870.890.85
0.370.010.280.480.390.260.320.380.150.080.30.40.50.370.240.010.350.260.44-0.280.380.180.310.20.03
0.85-0.240.790.660.810.80.080.710.750.320.90.830.620.780.920.570.590.260.82-0.570.90.140.770.760.39
0.890.030.910.820.890.80.190.920.720.60.870.850.80.930.740.670.890.440.82-0.880.860.250.940.90.69
-0.83-0.28-0.87-0.86-0.86-0.68-0.25-0.95-0.72-0.8-0.77-0.76-0.85-0.92-0.6-0.72-0.98-0.28-0.57-0.88-0.63-0.2-0.87-0.89-0.86
0.80.040.80.650.790.760.160.720.510.510.820.880.60.80.740.520.630.380.90.86-0.630.240.870.780.43
0.20.110.120.310.210.130.060.20.110.40.140.290.320.150.03-0.390.150.180.140.25-0.20.240.30.07-0.07
0.890.140.950.830.90.840.310.910.640.70.870.860.80.920.690.70.870.310.770.94-0.870.870.30.930.74
0.870.090.920.80.880.80.380.930.740.680.850.790.770.910.730.850.890.20.760.9-0.890.780.070.930.87
0.610.310.710.660.660.510.450.80.580.710.560.480.650.730.40.840.850.030.390.69-0.860.43-0.070.740.87
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Ningbo Thermal Account Relationship Matchups

Ningbo Thermal fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.1B7.1B10.0B11.7B13.8B14.5B
Other Current Liab125.4M395.3M433.1M15.1M16.4M15.6M
Total Current Liabilities1.5B2.9B3.0B4.7B4.3B4.5B
Total Stockholder Equity3.3B3.5B3.8B4.0B4.2B4.4B
Retained Earnings833.2M1.0B1.3B1.4B1.6B1.7B
Accounts Payable151.0M192.0M259.6M840.7M598.9M628.9M
Cash714.3M613.6M865.6M1.0B684.9M553.5M
Other Assets737.0M881.3M848.7M983.5M1.1B1.2B
Net Receivables841.4M286.1M560.6M543.3M1.5B1.5B
Inventory226.2M232.4M360.0M265.9M171.7M105.6M
Total Liab2.4B3.1B5.6B7.0B8.8B9.2B
Intangible Assets176.1M241.5M496.5M372.6M408.6M429.1M
Property Plant Equipment2.0B2.1B2.5B3.1B3.6B3.8B
Long Term Debt680.9M159.9M2.2B2.0B4.1B4.3B
Other Current Assets114.7M312.1M316.2M694.4M799.5M839.5M
Other Liab391.5M393.3M340.6M352.2M405.0M425.3M
Short Term Investments612.1M539.3M372.4M494.7M486.0M352.2M
Net Tangible Assets3.3B3.4B3.3B3.6B4.2B3.2B
Other Stockholder Equity20.0M6.4M10.9M13.6M12.2M11.6M
Deferred Long Term Liab5.5M7.7M13.4M12.9M14.8M8.0M
Short Long Term Debt840.4M1.8B2.0B2.6B2.5B1.4B
Total Current Assets2.7B2.6B3.3B3.5B3.7B3.1B
Non Current Assets Total3.5B4.7B6.7B8.2B10.1B5.3B
Non Currrent Assets Other284.4M333.4M402.6M483.6M364.4M351.5M
Non Current Liabilities Total898.3M553.2M2.6B2.4B4.5B4.7B
Non Current Liabilities Other506.8M112.0M113.5M99.7M100.3M191.6M
Net Debt632.9M1.4B3.4B3.6B6.0B6.2B
Net Invested Capital4.7B5.5B8.0B8.6B10.8B7.3B
Net Working Capital1.1B(197.1M)285.2M(1.2B)(613.3M)(582.7M)

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Other Information on Investing in Ningbo Stock

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