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 Revenue and its Net Receivables 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 Revenue vs Net Receivables
Total Revenue vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ming Yang Smart Total Revenue account and
Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Ming Yang's Total Revenue and Net Receivables is 0.56. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Receivables 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 Revenue and Net Receivables 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 Ming Yang Smart are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Revenue i.e., Ming Yang's Total Revenue and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Revenue
Total revenue comprises all receipts Ming Yang Smart 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.
Net Receivables
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 |
Ming Yang fundamental ratios Correlations
Click cells to compare fundamentals
Ming Yang Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ming Yang fundamental ratios Accounts
Currently Active Assets on Macroaxis
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.