Ming Total Current Liabilities vs Selling General Administrative Analysis

601615 Stock

14.06 0.02 0.14%

Ming Yang financial indicator trend analysis is infinitely more than just investigating Ming Yang Smart recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ming Yang Smart is a good investment. Please check the relationship between Ming Yang Total Current Liabilities and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ming Yang Smart. 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.

Total Current Liabilities vs Selling General Administrative

Total Current Liabilities vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ming Yang Smart Total Current Liabilities account and Selling General Administrative. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ming Yang's Total Current Liabilities and Selling General Administrative is 0.92. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Ming Yang Smart, assuming nothing else is changed. The correlation between historical values of Ming Yang's Total Current Liabilities and Selling General Administrative 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 Current Liabilities of Ming Yang Smart are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Liabilities i.e., Ming Yang's Total Current Liabilities and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Current Liabilities

Total Current Liabilities is an item on Ming Yang balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ming Yang Smart are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Selling General Administrative

Most indicators from Ming Yang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ming Yang Smart 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 Ming Yang Smart. 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 Tax Provision is expected to grow to about (24.2 M). In addition to that, Selling General Administrative is expected to decline to about 1.4 B

	2021	2022	2023	2024 (projected)
Gross Profit	5.8B	6.1B	3.1B	3.6B
Total Revenue	27.2B	30.7B	27.9B	18.9B

Gross Profit Total Revenue

Ming Yang 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	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt	Intangible Assets
Total Assets		0.09	0.98	0.98	0.94	0.94	0.93	0.98	0.88	0.98	0.91	0.92	0.81	0.67	0.24	0.94	0.95	0.83	0.13	0.99	0.93	-0.82	0.99	0.77	-0.51	0.97
Other Current Liab	0.09		0.24	-0.02	0.23	0.05	-0.11	0.11	0.5	-0.08	-0.14	-0.07	-0.11	-0.57	0.04	0.0	0.29	0.35	0.58	0.17	0.09	-0.42	0.25	0.33	0.29	-0.09
Total Current Liabilities	0.98	0.24		0.94	0.93	0.93	0.89	0.98	0.92	0.93	0.88	0.9	0.73	0.58	0.16	0.89	0.98	0.88	0.16	0.99	0.91	-0.84	1.0	0.82	-0.48	0.9
Total Stockholder Equity	0.98	-0.02	0.94		0.92	0.92	0.94	0.96	0.81	0.98	0.93	0.91	0.75	0.72	0.21	0.9	0.92	0.75	0.02	0.95	0.9	-0.81	0.95	0.74	-0.46	0.96
Other Liab	0.94	0.23	0.93	0.92		0.89	0.84	0.93	0.9	0.91	0.82	0.82	0.7	0.46	0.39	0.87	0.96	0.75	0.14	0.94	0.9	-0.88	0.94	0.75	-0.36	0.87
Net Tangible Assets	0.94	0.05	0.93	0.92	0.89		0.98	0.93	0.85	0.91	0.97	0.98	0.72	0.57	0.22	0.87	0.92	0.79	0.04	0.93	0.98	-0.85	0.94	0.78	-0.68	0.88
Retained Earnings	0.93	-0.11	0.89	0.94	0.84	0.98		0.91	0.77	0.93	0.99	0.99	0.74	0.68	0.21	0.87	0.87	0.75	-0.03	0.91	0.96	-0.79	0.9	0.75	-0.68	0.9
Accounts Payable	0.98	0.11	0.98	0.96	0.93	0.93	0.91		0.84	0.96	0.91	0.92	0.72	0.65	0.18	0.88	0.97	0.86	0.0	0.97	0.91	-0.82	0.97	0.84	-0.47	0.91
Cash	0.88	0.5	0.92	0.81	0.9	0.85	0.77	0.84		0.79	0.73	0.76	0.68	0.28	0.27	0.82	0.91	0.83	0.47	0.91	0.87	-0.88	0.94	0.72	-0.4	0.79
Non Current Assets Total	0.98	-0.08	0.93	0.98	0.91	0.91	0.93	0.96	0.79		0.91	0.9	0.84	0.77	0.28	0.95	0.9	0.77	0.03	0.96	0.91	-0.74	0.94	0.71	-0.53	0.98
Non Currrent Assets Other	0.91	-0.14	0.88	0.93	0.82	0.97	0.99	0.91	0.73	0.91		0.99	0.67	0.69	0.12	0.82	0.87	0.71	-0.13	0.88	0.93	-0.78	0.88	0.73	-0.68	0.87
Other Assets	0.92	-0.07	0.9	0.91	0.82	0.98	0.99	0.92	0.76	0.9	0.99		0.7	0.65	0.16	0.84	0.88	0.78	-0.08	0.9	0.95	-0.78	0.9	0.79	-0.71	0.87
Long Term Debt	0.81	-0.11	0.73	0.75	0.7	0.72	0.74	0.72	0.68	0.84	0.67	0.7		0.69	0.53	0.95	0.62	0.71	0.32	0.83	0.79	-0.44	0.76	0.47	-0.62	0.89
Net Receivables	0.67	-0.57	0.58	0.72	0.46	0.57	0.68	0.65	0.28	0.77	0.69	0.65	0.69		-0.04	0.69	0.48	0.43	-0.24	0.63	0.52	-0.2	0.56	0.31	-0.5	0.78
Good Will	0.24	0.04	0.16	0.21	0.39	0.22	0.21	0.18	0.27	0.28	0.12	0.16	0.53	-0.04		0.45	0.15	0.25	0.2	0.26	0.38	-0.24	0.2	0.24	-0.17	0.28
Non Current Liabilities Total	0.94	0.0	0.89	0.9	0.87	0.87	0.87	0.88	0.82	0.95	0.82	0.84	0.95	0.69	0.45		0.82	0.79	0.25	0.95	0.91	-0.67	0.91	0.63	-0.6	0.97
Inventory	0.95	0.29	0.98	0.92	0.96	0.92	0.87	0.97	0.91	0.9	0.87	0.88	0.62	0.48	0.15	0.82		0.82	0.09	0.95	0.9	-0.91	0.98	0.82	-0.41	0.85
Other Current Assets	0.83	0.35	0.88	0.75	0.75	0.79	0.75	0.86	0.83	0.77	0.71	0.78	0.71	0.43	0.25	0.79	0.82		0.27	0.87	0.79	-0.69	0.87	0.89	-0.41	0.73
Other Stockholder Equity	0.13	0.58	0.16	0.02	0.14	0.04	-0.03	0.0	0.47	0.03	-0.13	-0.08	0.32	-0.24	0.2	0.25	0.09	0.27		0.19	0.12	-0.11	0.22	-0.05	0.05	0.14
Total Liab	0.99	0.17	0.99	0.95	0.94	0.93	0.91	0.97	0.91	0.96	0.88	0.9	0.83	0.63	0.26	0.95	0.95	0.87	0.19		0.93	-0.81	0.99	0.78	-0.53	0.95
Deferred Long Term Liab	0.93	0.09	0.91	0.9	0.9	0.98	0.96	0.91	0.87	0.91	0.93	0.95	0.79	0.52	0.38	0.91	0.9	0.79	0.12	0.93		-0.85	0.93	0.76	-0.7	0.89
Short Long Term Debt	-0.82	-0.42	-0.84	-0.81	-0.88	-0.85	-0.79	-0.82	-0.88	-0.74	-0.78	-0.78	-0.44	-0.2	-0.24	-0.67	-0.91	-0.69	-0.11	-0.81	-0.85		-0.86	-0.81	0.33	-0.68
Total Current Assets	0.99	0.25	1.0	0.95	0.94	0.94	0.9	0.97	0.94	0.94	0.88	0.9	0.76	0.56	0.2	0.91	0.98	0.87	0.22	0.99	0.93	-0.86		0.8	-0.48	0.92
Non Current Liabilities Other	0.77	0.33	0.82	0.74	0.75	0.78	0.75	0.84	0.72	0.71	0.73	0.79	0.47	0.31	0.24	0.63	0.82	0.89	-0.05	0.78	0.76	-0.81	0.8		-0.3	0.6
Short Term Debt	-0.51	0.29	-0.48	-0.46	-0.36	-0.68	-0.68	-0.47	-0.4	-0.53	-0.68	-0.71	-0.62	-0.5	-0.17	-0.6	-0.41	-0.41	0.05	-0.53	-0.7	0.33	-0.48	-0.3		-0.58
Intangible Assets	0.97	-0.09	0.9	0.96	0.87	0.88	0.9	0.91	0.79	0.98	0.87	0.87	0.89	0.78	0.28	0.97	0.85	0.73	0.14	0.95	0.89	-0.68	0.92	0.6	-0.58

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Ming Yang Account Relationship Matchups

Ming Yang fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	34.7B	51.6B	61.5B	68.9B	83.9B	49.5B
Other Current Liab	8.6B	13.0B	11.8B	617.9M	647.2M	614.8M
Total Current Liabilities	18.2B	27.0B	33.3B	28.4B	37.6B	24.1B
Total Stockholder Equity	6.7B	14.8B	18.4B	28.1B	27.4B	14.8B
Other Liab	1.7B	2.0B	5.1B	4.8B	5.5B	3.2B
Net Tangible Assets	3.5B	5.6B	13.6B	17.4B	20.0B	21.0B
Retained Earnings	1.3B	3.0B	5.9B	8.2B	7.8B	8.2B
Accounts Payable	7.5B	13.1B	19.4B	17.2B	22.5B	13.4B
Cash	10.8B	16.3B	14.1B	11.2B	13.0B	10.3B
Non Current Assets Total	12.1B	18.5B	23.9B	33.5B	40.5B	21.3B
Non Currrent Assets Other	330.2M	5.0B	9.5B	13.1B	13.1B	13.7B
Other Assets	3.0B	3.4B	5.9B	10.5B	12.0B	12.6B
Long Term Debt	7.7B	4.4B	4.7B	6.6B	11.5B	6.4B
Net Receivables	6.2B	3.7B	5.9B	10.8B	13.9B	8.0B
Good Will	129.2M	118.4M	79.1M	69.3M	68.6M	66.2M
Non Current Liabilities Total	9.4B	9.5B	9.7B	12.2B	17.9B	10.2B
Inventory	2.8B	8.5B	9.6B	8.0B	9.7B	6.0B
Other Current Assets	2.8B	1.3B	4.9B	1.9B	3.6B	2.1B
Other Stockholder Equity	42.1M	434.1M	263.5M	43.5M	50.0M	47.5M
Total Liab	27.6B	36.5B	43.0B	40.6B	55.4B	34.3B
Deferred Long Term Liab	171.7M	164.6M	378.4M	439.5M	505.4M	530.7M
Short Long Term Debt	1.4B	149M	98.5M	259.5M	863.5M	688.1M
Total Current Assets	22.6B	33.1B	37.6B	35.5B	43.4B	28.3B
Non Current Liabilities Other	753.9M	1.0B	3.9B	1.9B	1.7B	1.5B
Intangible Assets	1.1B	1.3B	1.2B	1.8B	2.3B	1.4B
Property Plant Equipment	6.2B	7.1B	10.8B	11.3B	13.0B	7.8B
Common Stock Shares Outstanding	1.4B	1.9B	2.0B	2.3B	2.3B	1.9B
Net Invested Capital	12.7B	19.3B	23.2B	35.0B	39.8B	23.2B
Net Working Capital	4.4B	6.1B	4.4B	7.1B	5.8B	4.7B
Capital Stock	1.4B	1.9B	2.0B	2.3B	2.3B	2.0B

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Other Information on Investing in Ming Stock

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

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Ming Total Current Liabilities vs Selling General Administrative Analysis

Total Current Liabilities vs Selling General Administrative

Total Current Liabilities vs Selling General Administrative Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Selling General Administrative

Ming Yang fundamental ratios Correlations

Ming Yang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ming Yang fundamental ratios Accounts

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Other Information on Investing in Ming Stock

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Total Current Assets	+ 1.0	Total Current Liabilities
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Non Currrent Assets Other	+ 0.99	Retained Earnings
Other Assets	+ 0.99	Retained Earnings

Short Long Term Debt	- 0.91	Inventory
Short Long Term Debt	- 0.88	Cash
Short Long Term Debt	- 0.88	Other Liab
Total Current Assets	- 0.86	Short Long Term Debt
Short Long Term Debt	- 0.85	Deferred Long Term Liab
Short Long Term Debt	- 0.85	Net Tangible Assets