Hefei Net Income From Continuing Ops vs Selling General Administrative Analysis

603011 Stock   7.79  0.09  1.17%   
Hefei Metalforming financial indicator trend analysis is much more than just examining Hefei Metalforming Mach latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hefei Metalforming Mach is a good investment. Please check the relationship between Hefei Metalforming Net Income From Continuing Ops and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hefei Metalforming Mach. 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.

Net Income From Continuing Ops vs Selling General Administrative

Net Income From Continuing Ops vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hefei Metalforming Mach Net Income From Continuing Ops account and Selling General Administrative. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Hefei Metalforming's Net Income From Continuing Ops and Selling General Administrative is -0.13. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Hefei Metalforming Mach, assuming nothing else is changed. The correlation between historical values of Hefei Metalforming's Net Income From Continuing Ops 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 Net Income From Continuing Ops of Hefei Metalforming Mach 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 Net Income From Continuing Ops i.e., Hefei Metalforming's Net Income From Continuing Ops and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

-0.13
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Income From Continuing Ops

Selling General Administrative

Most indicators from Hefei Metalforming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hefei Metalforming Mach 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 Hefei Metalforming Mach. 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 50 M, whereas Selling General Administrative is forecasted to decline to about 133.7 M.
 2021 2022 2023 2024 (projected)
Operating Income99.3M174.5M134.5M79.0M
Total Revenue1.2B1.7B1.8B913.2M

Hefei Metalforming fundamental ratios Correlations

-0.090.770.940.750.890.780.720.84-0.20.960.850.380.780.810.890.93-0.170.910.870.970.89-0.840.540.580.93
-0.09-0.370.030.060.02-0.31-0.52-0.10.23-0.29-0.260.48-0.360.020.150.090.370.080.24-0.24-0.17-0.04-0.51-0.12-0.17
0.77-0.370.60.430.610.990.960.81-0.040.760.970.091.00.660.50.62-0.570.640.610.880.94-0.640.790.490.89
0.940.030.60.850.930.610.550.82-0.310.890.740.550.610.830.980.970.080.980.940.840.77-0.860.40.60.78
0.750.060.430.850.930.420.340.69-0.570.780.580.640.440.610.850.810.10.820.80.630.62-0.730.30.640.58
0.890.020.610.930.930.610.520.82-0.50.880.740.560.620.680.90.89-0.080.890.890.810.79-0.830.380.590.78
0.78-0.310.990.610.420.610.950.80.010.750.970.110.990.650.510.63-0.560.650.630.890.94-0.660.740.490.9
0.72-0.520.960.550.340.520.950.75-0.030.730.920.010.960.580.430.54-0.630.580.490.850.86-0.560.790.450.82
0.84-0.10.810.820.690.820.80.75-0.270.770.90.270.810.760.770.74-0.230.840.820.840.84-0.640.610.440.8
-0.20.23-0.04-0.31-0.57-0.50.01-0.03-0.27-0.32-0.12-0.27-0.03-0.05-0.3-0.22-0.06-0.26-0.21-0.13-0.090.15-0.09-0.04-0.05
0.96-0.290.760.890.780.880.750.730.77-0.320.810.320.760.730.820.88-0.210.850.770.940.86-0.80.590.640.89
0.85-0.260.970.740.580.740.970.920.9-0.120.810.250.980.760.660.74-0.450.780.750.910.97-0.740.770.540.9
0.380.480.090.550.640.560.110.010.27-0.270.320.250.10.440.630.640.150.620.660.220.34-0.65-0.030.510.2
0.78-0.361.00.610.440.620.990.960.81-0.030.760.980.10.670.510.63-0.560.650.620.890.94-0.650.780.50.9
0.810.020.660.830.610.680.650.580.76-0.050.730.760.440.670.850.880.10.90.860.750.79-0.740.640.50.72
0.890.150.50.980.850.90.510.430.77-0.30.820.660.630.510.850.970.190.980.960.760.71-0.850.330.560.7
0.930.090.620.970.810.890.630.540.74-0.220.880.740.640.630.880.970.060.970.950.830.81-0.920.440.640.8
-0.170.37-0.570.080.1-0.08-0.56-0.63-0.23-0.06-0.21-0.450.15-0.560.10.190.060.070.08-0.35-0.430.07-0.47-0.07-0.39
0.910.080.640.980.820.890.650.580.84-0.260.850.780.620.650.90.980.970.070.970.820.81-0.880.460.610.77
0.870.240.610.940.80.890.630.490.82-0.210.770.750.660.620.860.960.950.080.970.770.8-0.890.340.60.77
0.97-0.240.880.840.630.810.890.850.84-0.130.940.910.220.890.750.760.83-0.350.820.770.92-0.760.660.540.97
0.89-0.170.940.770.620.790.940.860.84-0.090.860.970.340.940.790.710.81-0.430.810.80.92-0.820.710.620.95
-0.84-0.04-0.64-0.86-0.73-0.83-0.66-0.56-0.640.15-0.8-0.74-0.65-0.65-0.74-0.85-0.920.07-0.88-0.89-0.76-0.82-0.33-0.71-0.79
0.54-0.510.790.40.30.380.740.790.61-0.090.590.77-0.030.780.640.330.44-0.470.460.340.660.71-0.330.210.6
0.58-0.120.490.60.640.590.490.450.44-0.040.640.540.510.50.50.560.64-0.070.610.60.540.62-0.710.210.56
0.93-0.170.890.780.580.780.90.820.8-0.050.890.90.20.90.720.70.8-0.390.770.770.970.95-0.790.60.56
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Hefei Metalforming Account Relationship Matchups

Hefei Metalforming fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.5B2.7B3.1B4.0B4.3B2.3B
Other Current Liab108.7M162.7M222.4M30.0M38.9M36.9M
Total Current Liabilities771.6M937.8M1.3B1.8B2.1B2.2B
Total Stockholder Equity1.7B1.7B1.8B2.2B2.2B1.4B
Other Liab40.3M28.3M49.8M39.6M45.5M36.3M
Retained Earnings243.4M260.4M324.8M302.2M318.8M239.0M
Accounts Payable304.8M402.1M593.8M774.9M830.9M872.5M
Cash119.3M232.7M233.9M667.8M690.1M724.6M
Other Assets26.0M31.7M51.1M69.7M80.1M84.1M
Net Receivables496.8M385.5M473.4M730.3M803.4M435.8M
Inventory490.5M613.0M821.9M934.9M1.2B1.2B
Other Current Assets39.5M49.0M74.4M12.9M30.5M39.6M
Total Liab836.3M971.3M1.3B1.8B2.1B2.2B
Intangible Assets87.8M83.7M81.7M79.6M93.7M87.1M
Common Stock453.2M453.1M450.7M448.9M516.3M346.1M
Property Plant Equipment386.2M387.8M372.2M386.4M444.4M338.2M
Short Term Investments231.3M77.6M51.4M20.2M26.8K25.4K
Net Tangible Assets1.1B1.1B1.1B1.2B1.3B1.1B
Other Stockholder Equity4.9M5.3M6.4M4.5M5.2M4.6M
Total Current Assets1.4B1.5B1.9B2.8B3.0B1.8B
Non Current Assets Total1.1B1.1B1.2B1.2B1.3B1.2B
Non Currrent Assets Other4.2M6.0M7.9M699.6K8.4M9.0M
Non Current Liabilities Total64.5M33.5M54.5M58.6M47.5M55.0M
Short Long Term Debt297.0M313.9M419.8M557.7M585.1M326.5M
Non Current Liabilities Other1.9M1.6M3.1M4.2M8.9M9.3M
Common Stock Shares Outstanding453.1M450.7M448.9M494.4M568.6M509.3M
Net Invested Capital2.0B2.0B2.2B2.8B2.8B2.4B
Net Working Capital605.8M587.8M604.5M1.0B971.3M821.0M
Capital Stock453.1M450.7M448.9M494.4M568.6M512.4M

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Other Information on Investing in Hefei Stock

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