Shanghai Depreciation vs Investments Analysis

605128 Stock   38.87  0.99  2.61%   
Shanghai Yanpu financial indicator trend analysis is much more than just breaking down Shanghai Yanpu Metal prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Yanpu Metal is a good investment. Please check the relationship between Shanghai Yanpu Depreciation and its Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Yanpu Metal. 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.

Depreciation vs Investments

Depreciation vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Yanpu Metal Depreciation account and Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Shanghai Yanpu's Depreciation and Investments is -0.49. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Investments in the same time period over historical financial statements of Shanghai Yanpu Metal, assuming nothing else is changed. The correlation between historical values of Shanghai Yanpu's Depreciation and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Shanghai Yanpu Metal are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Depreciation i.e., Shanghai Yanpu's Depreciation and Investments go up and down completely randomly.

Correlation Coefficient

-0.49
Relationship DirectionNegative 
Relationship StrengthVery Weak

Depreciation

Depreciation indicates how much of Shanghai Yanpu Metal value has been used up. For tax purposes Shanghai Yanpu can deduct the cost of the tangible assets it purchases as business expenses. However, Shanghai Yanpu Metal must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Most indicators from Shanghai Yanpu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Yanpu Metal 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 Shanghai Yanpu Metal. 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.
As of December 11, 2024, Selling General Administrative is expected to decline to about 21 M. In addition to that, Tax Provision is expected to decline to about 9 M
 2021 2022 2023 2024 (projected)
Gross Profit158.8M147.5M244.8M192.0M
Total Revenue826.5M1.1B1.5B962.7M

Shanghai Yanpu fundamental ratios Correlations

0.640.780.80.940.840.140.920.920.540.980.410.840.940.780.92-0.650.90.850.99-0.810.780.940.930.97-0.82
0.640.570.810.390.850.820.410.74-0.160.7-0.030.240.610.950.75-0.230.570.840.57-0.390.680.420.810.69-0.42
0.780.570.570.710.590.120.660.620.570.750.780.590.550.720.71-0.510.670.70.78-0.610.720.640.620.77-0.81
0.80.810.570.560.750.580.540.960.00.830.050.420.790.760.91-0.150.590.970.75-0.360.580.630.870.72-0.4
0.940.390.710.560.74-0.180.980.750.770.870.480.950.870.60.76-0.80.940.610.96-0.920.750.990.780.92-0.9
0.840.850.590.750.740.450.760.820.240.840.060.620.850.920.82-0.610.880.770.8-0.770.850.770.910.9-0.7
0.140.820.120.58-0.180.45-0.140.4-0.70.25-0.41-0.290.170.630.370.260.020.570.050.170.2-0.120.440.180.15
0.920.410.660.540.980.76-0.140.740.720.880.410.930.90.620.74-0.860.910.610.92-0.940.740.960.810.91-0.84
0.920.740.620.960.750.820.40.740.220.930.140.630.910.770.95-0.380.750.950.88-0.580.670.80.940.84-0.55
0.54-0.160.570.00.770.24-0.70.720.220.440.770.770.410.10.3-0.690.620.080.61-0.730.490.690.220.52-0.79
0.980.70.750.830.870.840.250.880.930.440.360.740.950.820.96-0.620.830.90.93-0.760.80.880.950.94-0.74
0.41-0.030.780.050.480.06-0.410.410.140.770.360.410.170.170.31-0.370.320.190.43-0.380.430.370.10.37-0.65
0.840.240.590.420.950.62-0.290.930.630.770.740.410.760.460.58-0.790.880.480.9-0.880.550.940.680.84-0.83
0.940.610.550.790.870.850.170.90.910.410.950.170.760.720.91-0.620.850.810.9-0.770.770.910.940.91-0.67
0.780.950.720.760.60.920.630.620.770.10.820.170.460.720.81-0.490.730.850.72-0.630.790.60.880.85-0.64
0.920.750.710.910.760.820.370.740.950.30.960.310.580.910.81-0.410.750.940.86-0.610.810.790.920.87-0.65
-0.65-0.23-0.51-0.15-0.8-0.610.26-0.86-0.38-0.69-0.62-0.37-0.79-0.62-0.49-0.41-0.76-0.28-0.660.93-0.59-0.73-0.56-0.720.76
0.90.570.670.590.940.880.020.910.750.620.830.320.880.850.730.75-0.760.620.92-0.920.840.950.810.95-0.9
0.850.840.70.970.610.770.570.610.950.080.90.190.480.810.850.94-0.280.620.79-0.460.640.650.920.8-0.49
0.990.570.780.750.960.80.050.920.880.610.930.430.90.90.720.86-0.660.920.79-0.830.750.960.880.96-0.85
-0.81-0.39-0.61-0.36-0.92-0.770.17-0.94-0.58-0.73-0.76-0.38-0.88-0.77-0.63-0.610.93-0.92-0.46-0.83-0.74-0.88-0.71-0.870.88
0.780.680.720.580.750.850.20.740.670.490.80.430.550.770.790.81-0.590.840.640.75-0.740.740.730.84-0.82
0.940.420.640.630.990.77-0.120.960.80.690.880.370.940.910.60.79-0.730.950.650.96-0.880.740.810.92-0.85
0.930.810.620.870.780.910.440.810.940.220.950.10.680.940.880.92-0.560.810.920.88-0.710.730.810.92-0.64
0.970.690.770.720.920.90.180.910.840.520.940.370.840.910.850.87-0.720.950.80.96-0.870.840.920.92-0.88
-0.82-0.42-0.81-0.4-0.9-0.70.15-0.84-0.55-0.79-0.74-0.65-0.83-0.67-0.64-0.650.76-0.9-0.49-0.850.88-0.82-0.85-0.64-0.88
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Shanghai Yanpu Account Relationship Matchups

Shanghai Yanpu fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets879.6M1.4B1.4B2.2B2.5B1.4B
Short Long Term Debt Total65.9M26.0M44.1M372.4M428.2M449.6M
Other Current Liab25.5M35.9M43.9M126.4M51.0M46.2M
Total Current Liabilities361.3M352.6M359.0M663.8M889.1M548.6M
Total Stockholder Equity511.9M1.0B1.0B1.1B1.2B750.8M
Property Plant And Equipment Net235.1M251.9M311.1M491.7M691.6M726.2M
Net Debt(48.4M)(197.8M)(233.5M)143.3M308.5M324.0M
Retained Earnings274.5M351.2M366.2M397.1M473.7M293.6M
Accounts Payable269.9M290.7M295.1M518.5M752.0M405.0M
Cash114.3M223.9M277.6M229.1M57.7M54.8M
Non Current Assets Total366.0M415.3M599.3M919.5M1.1B571.3M
Non Currrent Assets Other80.3M111.9M224.9M344.1M13.8M13.1M
Cash And Short Term Investments114.3M474.9M277.6M329.1M378.5M191.7M
Common Stock Shares Outstanding60.1M65.0M80.1M80M118.4M76.3M
Liabilities And Stockholders Equity879.6M1.4B1.4B2.2B2.5B1.2B
Non Current Liabilities Total6.3M6.5M29.5M369.6M360.5M378.5M
Inventory73.2M69.3M129.2M178.9M218.1M127.2M
Other Current Assets23.4M12.1M17.2M32.2M53.5M50.8M
Other Stockholder Equity177.5M576.1M581.5M650.3M747.8M785.2M
Total Liab367.6M359.0M388.4M1.0B1.2B654.9M
Total Current Assets513.6M951.0M821.8M1.2B1.3B835.8M
Short Term Debt65.9M26.0M20.0M18.9M17.0M16.1M
Intangible Assets42.7M41.9M48.3M48.7M47.4M48.9M

Currently Active Assets on Macroaxis

Other Information on Investing in Shanghai Stock

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