Orinko Net Working Capital vs Cash Analysis

688219 Stock   12.50  0.27  2.21%   
Orinko Advanced financial indicator trend analysis is much more than just breaking down Orinko Advanced Plastics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orinko Advanced Plastics is a good investment. Please check the relationship between Orinko Advanced Net Working Capital and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Orinko Advanced Plastics. 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 Working Capital vs Cash

Net Working Capital vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orinko Advanced Plastics Net Working Capital account and Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Orinko Advanced's Net Working Capital and Cash is 0.92. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Cash in the same time period over historical financial statements of Orinko Advanced Plastics, assuming nothing else is changed. The correlation between historical values of Orinko Advanced's Net Working Capital and Cash 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 Working Capital of Orinko Advanced Plastics are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Working Capital i.e., Orinko Advanced's Net Working Capital and Cash go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Working Capital

Cash

Cash refers to the most liquid asset of Orinko Advanced Plastics, which is listed under current asset account on Orinko Advanced Plastics balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Orinko Advanced customers. The amounts must be unrestricted with restricted cash listed in a different Orinko Advanced account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Orinko Advanced's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orinko Advanced Plastics 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 Orinko Advanced Plastics. 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 4.4 M, whereas Selling General Administrative is forecasted to decline to about 140.5 M.
 2021 2022 2023 2024 (projected)
Interest Expense66.3M67.5M81.1M77.4M
Interest Income3.7M3.7M7.8M4.4M

Orinko Advanced fundamental ratios Correlations

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-0.67-0.43-0.88-0.76-0.78-0.35-0.51-0.75-0.28-0.48-0.680.58-0.96-0.51-0.380.28-0.51-0.78-0.81-0.59-0.96-0.59-0.11-0.680.73
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0.96-0.760.850.960.970.810.751.00.740.770.98-0.590.880.790.62-0.550.880.980.930.90.880.720.440.97-0.8
0.92-0.780.740.980.970.730.690.960.750.740.97-0.60.880.760.47-0.620.810.950.870.860.880.760.510.92-0.68
0.92-0.350.950.650.810.730.840.850.90.860.85-0.560.540.860.84-0.70.970.820.650.940.540.680.560.91-0.71
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0.86-0.280.780.630.740.750.90.790.760.870.83-0.570.480.870.63-0.920.890.770.470.90.480.790.740.82-0.47
0.91-0.480.710.690.770.740.860.980.810.870.77-0.430.571.00.8-0.820.940.870.530.950.570.950.350.83-0.76
0.95-0.680.860.930.980.970.850.720.970.830.77-0.660.840.790.57-0.660.890.950.860.910.840.720.610.97-0.69
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0.8-0.960.640.950.880.880.540.570.870.480.570.84-0.730.590.47-0.420.660.870.890.721.00.620.350.83-0.74
0.92-0.510.720.720.790.760.860.980.830.871.00.79-0.440.590.8-0.820.940.890.560.960.590.950.360.85-0.77
0.77-0.380.80.470.620.470.840.870.680.630.80.57-0.470.470.8-0.510.860.690.520.820.470.630.170.76-0.84
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0.97-0.510.910.760.880.810.970.930.910.890.940.89-0.570.660.940.86-0.740.910.710.990.660.810.480.95-0.81
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0.82-0.810.780.910.930.870.650.550.920.470.530.86-0.540.890.560.52-0.230.710.870.720.890.470.260.87-0.8
0.99-0.590.870.820.90.860.940.930.930.90.950.91-0.610.720.960.82-0.780.990.950.720.720.870.490.96-0.81
0.8-0.960.640.950.880.880.540.570.870.480.570.84-0.731.00.590.47-0.420.660.870.890.720.620.350.83-0.74
0.83-0.590.520.730.720.760.680.920.750.790.950.72-0.410.620.950.63-0.830.810.840.470.870.620.310.74-0.67
0.48-0.110.550.40.440.510.560.230.440.740.350.61-0.750.350.360.17-0.710.480.390.260.490.350.310.520.04
0.99-0.680.930.90.970.920.910.820.980.820.830.97-0.690.830.850.76-0.650.950.960.870.960.830.740.52-0.82
-0.830.73-0.73-0.75-0.8-0.68-0.71-0.84-0.84-0.47-0.76-0.690.38-0.74-0.77-0.840.32-0.81-0.85-0.8-0.81-0.74-0.670.04-0.82
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Other Information on Investing in Orinko Stock

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