Ningbo Gross Profit vs Net Income From Continuing Ops Analysis

601789 Stock

4.62 0.08 1.76%

Ningbo Construction financial indicator trend analysis is infinitely more than just investigating Ningbo Construction recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Construction is a good investment. Please check the relationship between Ningbo Construction Gross Profit and its Net Income From Continuing Ops accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Construction Co. 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.

Gross Profit vs Net Income From Continuing Ops

Gross Profit vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Construction Gross Profit account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Ningbo Construction's Gross Profit and Net Income From Continuing Ops is 0.87. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Ningbo Construction Co, assuming nothing else is changed. The correlation between historical values of Ningbo Construction's Gross Profit and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Ningbo Construction Co are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Gross Profit i.e., Ningbo Construction's Gross Profit and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Ningbo Construction Co minus its cost of goods sold. It is profit before Ningbo Construction operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Net Income From Continuing Ops

Most indicators from Ningbo Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Construction 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 Construction Co. 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.

At present, Ningbo Construction's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 56 M, whereas Discontinued Operations is forecasted to decline to 587.20.

	2021	2022	2023	2024 (projected)
Operating Income	602.8M	656.7M	777.6M	435.3M
Total Revenue	21.3B	21.9B	22.7B	15.6B

Operating Income Total Revenue

Ningbo Construction fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Other Liab	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.52	0.86	0.84	0.98	0.99	0.97	0.91	0.52	0.87	-0.29	0.74	1.0	0.49	0.76	0.81	0.92	0.82	-0.22	0.83	0.9	0.92	0.85	0.5	0.89	0.75
Other Current Liab	0.52		0.57	0.69	0.62	0.51	0.36	0.45	0.21	0.57	-0.38	0.77	0.5	0.36	0.48	0.64	0.46	0.52	-0.02	0.54	0.49	0.45	0.56	0.2	0.57	0.47
Total Current Liabilities	0.86	0.57		0.97	0.89	0.87	0.78	0.72	0.63	0.79	-0.13	0.82	0.85	0.61	0.91	0.96	0.71	0.92	0.03	0.88	0.7	0.72	0.76	0.57	0.88	0.81
Total Stockholder Equity	0.84	0.69	0.97		0.88	0.84	0.75	0.73	0.6	0.76	-0.21	0.88	0.83	0.55	0.86	0.96	0.72	0.88	-0.02	0.89	0.72	0.72	0.74	0.49	0.88	0.75
Retained Earnings	0.98	0.62	0.89	0.88		0.98	0.92	0.87	0.53	0.91	-0.25	0.77	0.98	0.55	0.82	0.87	0.86	0.85	-0.17	0.83	0.85	0.87	0.9	0.58	0.88	0.82
Accounts Payable	0.99	0.51	0.87	0.84	0.98		0.96	0.88	0.56	0.89	-0.22	0.72	0.99	0.53	0.8	0.83	0.88	0.82	-0.19	0.81	0.86	0.9	0.87	0.56	0.87	0.79
Cash	0.97	0.36	0.78	0.75	0.92	0.96		0.92	0.41	0.83	-0.33	0.67	0.97	0.36	0.71	0.73	0.93	0.72	-0.3	0.81	0.91	0.93	0.82	0.49	0.87	0.72
Other Assets	0.91	0.45	0.72	0.73	0.87	0.88	0.92		0.24	0.77	-0.53	0.73	0.91	0.22	0.57	0.66	0.97	0.71	-0.42	0.86	0.96	0.95	0.77	0.27	0.9	0.56
Net Receivables	0.52	0.21	0.63	0.6	0.53	0.56	0.41	0.24		0.37	0.58	0.28	0.51	0.71	0.64	0.58	0.19	0.64	0.38	0.26	0.15	0.24	0.32	0.6	0.27	0.55
Short Term Investments	0.87	0.57	0.79	0.76	0.91	0.89	0.83	0.77	0.37		-0.29	0.7	0.86	0.45	0.76	0.83	0.75	0.68	-0.38	0.76	0.75	0.82	1.0	0.56	0.81	0.79
Inventory	-0.29	-0.38	-0.13	-0.21	-0.25	-0.22	-0.33	-0.53	0.58	-0.29		-0.49	-0.29	0.37	0.04	-0.16	-0.6	-0.06	0.61	-0.51	-0.64	-0.51	-0.33	0.37	-0.53	0.02
Other Current Assets	0.74	0.77	0.82	0.88	0.77	0.72	0.67	0.73	0.28	0.7	-0.49		0.72	0.24	0.73	0.84	0.73	0.66	-0.16	0.88	0.75	0.73	0.69	0.36	0.88	0.66
Total Liab	1.0	0.5	0.85	0.83	0.98	0.99	0.97	0.91	0.51	0.86	-0.29	0.72		0.49	0.76	0.8	0.92	0.82	-0.22	0.82	0.9	0.91	0.85	0.5	0.88	0.75
Intangible Assets	0.49	0.36	0.61	0.55	0.55	0.53	0.36	0.22	0.71	0.45	0.37	0.24	0.49		0.59	0.53	0.23	0.75	0.27	0.3	0.2	0.24	0.42	0.53	0.33	0.56
Common Stock	0.76	0.48	0.91	0.86	0.82	0.8	0.71	0.57	0.64	0.76	0.04	0.73	0.76	0.59		0.9	0.56	0.8	0.15	0.73	0.53	0.58	0.72	0.84	0.75	0.96
Property Plant Equipment	0.81	0.64	0.96	0.96	0.87	0.83	0.73	0.66	0.58	0.83	-0.16	0.84	0.8	0.53	0.9		0.65	0.81	-0.06	0.84	0.64	0.67	0.8	0.57	0.85	0.81
Long Term Debt	0.92	0.46	0.71	0.72	0.86	0.88	0.93	0.97	0.19	0.75	-0.6	0.73	0.92	0.23	0.56	0.65		0.69	-0.42	0.86	0.99	0.95	0.75	0.24	0.91	0.55
Other Liab	0.82	0.52	0.92	0.88	0.85	0.82	0.72	0.71	0.64	0.68	-0.06	0.66	0.82	0.75	0.8	0.81	0.69		0.11	0.78	0.65	0.65	0.66	0.53	0.78	0.72
Good Will	-0.22	-0.02	0.03	-0.02	-0.17	-0.19	-0.3	-0.42	0.38	-0.38	0.61	-0.16	-0.22	0.27	0.15	-0.06	-0.42	0.11		-0.29	-0.44	-0.48	-0.42	0.32	-0.31	0.12
Net Tangible Assets	0.83	0.54	0.88	0.89	0.83	0.81	0.81	0.86	0.26	0.76	-0.51	0.88	0.82	0.3	0.73	0.84	0.86	0.78	-0.29		0.87	0.87	0.76	0.32	0.99	0.64
Other Stockholder Equity	0.9	0.49	0.7	0.72	0.85	0.86	0.91	0.96	0.15	0.75	-0.64	0.75	0.9	0.2	0.53	0.64	0.99	0.65	-0.44	0.87		0.96	0.76	0.19	0.92	0.52
Deferred Long Term Liab	0.92	0.45	0.72	0.72	0.87	0.9	0.93	0.95	0.24	0.82	-0.51	0.73	0.91	0.24	0.58	0.67	0.95	0.65	-0.48	0.87	0.96		0.83	0.28	0.91	0.57
Long Term Investments	0.85	0.56	0.76	0.74	0.9	0.87	0.82	0.77	0.32	1.0	-0.33	0.69	0.85	0.42	0.72	0.8	0.75	0.66	-0.42	0.76	0.76	0.83		0.51	0.81	0.76
Short Long Term Debt	0.5	0.2	0.57	0.49	0.58	0.56	0.49	0.27	0.6	0.56	0.37	0.36	0.5	0.53	0.84	0.57	0.24	0.53	0.32	0.32	0.19	0.28	0.51		0.35	0.91
Total Current Assets	0.89	0.57	0.88	0.88	0.88	0.87	0.87	0.9	0.27	0.81	-0.53	0.88	0.88	0.33	0.75	0.85	0.91	0.78	-0.31	0.99	0.92	0.91	0.81	0.35		0.69
Short Term Debt	0.75	0.47	0.81	0.75	0.82	0.79	0.72	0.56	0.55	0.79	0.02	0.66	0.75	0.56	0.96	0.81	0.55	0.72	0.12	0.64	0.52	0.57	0.76	0.91	0.69

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Ningbo Construction Account Relationship Matchups

Ningbo Construction fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.8B	18.6B	20.8B	24.8B	28.5B	29.9B
Other Current Liab	2.6B	5.2B	5.2B	6.5B	1.4B	2.6B
Total Current Liabilities	12.5B	14.0B	15.3B	17.6B	21.1B	10.6B
Total Stockholder Equity	2.9B	3.6B	3.9B	5.1B	4.8B	2.7B
Retained Earnings	1.4B	1.6B	1.9B	2.1B	2.1B	2.2B
Accounts Payable	6.4B	6.6B	7.0B	8.5B	9.9B	10.4B
Cash	2.2B	2.6B	2.6B	3.7B	5.2B	5.5B
Other Assets	687.5M	525.5M	2.3B	2.8B	3.3B	3.4B
Net Receivables	5.1B	3.5B	3.8B	4.4B	4.6B	3.9B
Inventory	5.1B	619.4M	747.9M	855.1M	843.1M	800.9M
Other Current Assets	562.3M	839.0M	837.5M	1.1B	925.3M	605.4M
Total Liab	12.5B	14.8B	16.6B	19.3B	23.3B	24.4B
Intangible Assets	299.5M	293.7M	279.5M	269.8M	261.9M	210.2M
Property Plant Equipment	1.1B	1.3B	1.3B	1.3B	1.5B	799.5M
Long Term Debt	1.4M	757.6M	1.2B	1.6B	2.0B	2.1B
Other Liab	27.8M	27.0M	53.1M	51.5M	59.3M	31.4M
Net Tangible Assets	2.4B	3.1B	3.4B	4.6B	5.3B	3.0B
Other Stockholder Equity	(11.0M)	493.6M	499.2M	946.2M	1.1B	1.1B
Deferred Long Term Liab	37.2M	35.8M	36.2M	81.6M	93.8M	98.5M
Short Long Term Debt	3.3B	1.9B	2.2B	2.2B	2.4B	2.1B
Total Current Assets	13.3B	15.8B	16.3B	19.5B	21.5B	16.2B
Non Current Assets Total	2.5B	2.9B	4.5B	5.2B	7.0B	3.8B
Non Currrent Assets Other	312.6M	485.8M	1.7B	2.4B	3.2B	3.3B
Non Current Liabilities Total	27.8M	784.6M	1.3B	1.7B	2.1B	2.2B
Net Debt	1.1B	30.2M	771.9M	76.9M	69.2M	65.7M
Net Invested Capital	6.2B	6.2B	7.2B	8.9B	9.2B	8.0B
Net Working Capital	772.1M	1.7B	977.5M	2.0B	379.5M	360.5M

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Other Information on Investing in Ningbo Stock

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

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Ningbo Gross Profit vs Net Income From Continuing Ops Analysis

Gross Profit vs Net Income From Continuing Ops

Gross Profit vs Net Income From Continuing Ops Correlation Analysis

Correlation Coefficient

Gross Profit

Net Income From Continuing Ops

Ningbo Construction fundamental ratios Correlations

Ningbo Construction Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningbo Construction fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Ningbo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Long Term Investments	+ 1.0	Short Term Investments
Accounts Payable	+ 0.99	Total Assets
Total Liab	+ 0.99	Accounts Payable
Other Stockholder Equity	+ 0.99	Long Term Debt
Total Current Assets	+ 0.99	Net Tangible Assets

Other Stockholder Equity	- 0.64	Inventory
Long Term Debt	- 0.6	Inventory
Total Current Assets	- 0.53	Inventory
Inventory	- 0.53	Other Assets
Deferred Long Term Liab	- 0.51	Inventory
Net Tangible Assets	- 0.51	Inventory