Sinocat Cash vs Net Receivables Analysis

688737 Stock   23.11  0.76  3.18%   
Sinocat Environmental financial indicator trend analysis is much more than just breaking down Sinocat Environmental prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinocat Environmental is a good investment. Please check the relationship between Sinocat Environmental Cash and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinocat Environmental Technology. 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.

Cash vs Net Receivables

Cash vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinocat Environmental Cash account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Sinocat Environmental's Cash and Net Receivables is 0.43. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Sinocat Environmental Technology, assuming nothing else is changed. The correlation between historical values of Sinocat Environmental's Cash 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 Cash of Sinocat Environmental Technology 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 Cash i.e., Sinocat Environmental's Cash and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.43
Relationship DirectionPositive 
Relationship StrengthWeak

Cash

Cash refers to the most liquid asset of Sinocat Environmental, which is listed under current asset account on Sinocat Environmental Technology balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sinocat Environmental customers. The amounts must be unrestricted with restricted cash listed in a different Sinocat Environmental 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.

Net Receivables

Most indicators from Sinocat Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinocat Environmental 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 Sinocat Environmental Technology. 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.
The current year's Selling General Administrative is expected to grow to about 59.7 M, whereas Tax Provision is projected to grow to (5.3 M).
 2021 2022 2023 2024 (projected)
Interest Expense15.1M4.3M6.5M12.4M
Depreciation And Amortization23.7M62.7M72.1M39.5M

Sinocat Environmental fundamental ratios Correlations

-0.170.230.340.970.84-0.510.880.50.70.880.790.910.90.150.91-0.780.920.350.99-0.240.920.990.760.98-0.16
-0.170.750.55-0.31-0.50.390.22-0.27-0.17-0.48-0.61-0.46-0.380.78-0.08-0.19-0.450.56-0.081.0-0.28-0.280.38-0.290.78
0.230.750.930.020.040.510.40.34-0.210.03-0.4-0.080.170.460.48-0.470.00.930.270.730.170.140.590.080.76
0.340.550.930.130.260.570.460.59-0.270.22-0.250.070.380.320.59-0.410.171.00.360.520.290.280.670.210.79
0.97-0.310.020.130.83-0.670.820.390.80.880.90.940.870.080.82-0.730.930.130.96-0.380.910.980.640.99-0.36
0.84-0.50.040.260.83-0.30.530.790.371.00.780.780.98-0.250.86-0.450.830.250.77-0.540.920.90.420.83-0.25
-0.510.390.510.57-0.67-0.3-0.410.3-0.94-0.37-0.79-0.63-0.27-0.1-0.190.41-0.530.56-0.520.43-0.41-0.53-0.1-0.580.75
0.880.220.40.460.820.53-0.410.260.680.580.570.720.650.50.76-0.850.720.470.920.150.720.810.920.840.14
0.5-0.270.340.590.390.790.30.26-0.210.730.290.360.78-0.30.73-0.240.460.580.42-0.290.610.550.280.420.2
0.7-0.17-0.21-0.270.80.37-0.940.68-0.210.450.780.740.40.310.4-0.630.65-0.260.74-0.230.530.680.430.74-0.53
0.88-0.480.030.220.881.0-0.370.580.730.450.820.820.98-0.220.87-0.50.860.220.81-0.530.950.920.450.87-0.29
0.79-0.61-0.4-0.250.90.78-0.790.570.290.780.820.870.75-0.140.58-0.470.84-0.250.75-0.660.790.840.310.86-0.62
0.91-0.46-0.080.070.940.78-0.630.720.360.740.820.870.82-0.110.75-0.650.990.080.9-0.530.810.920.590.96-0.43
0.9-0.380.170.380.870.98-0.270.650.780.40.980.750.82-0.130.91-0.540.870.380.85-0.430.930.940.570.88-0.14
0.150.780.460.320.08-0.25-0.10.5-0.30.31-0.22-0.14-0.11-0.130.03-0.29-0.170.340.240.75-0.090.060.510.050.54
0.91-0.080.480.590.820.86-0.190.760.730.40.870.580.750.910.03-0.780.810.580.89-0.140.90.910.690.840.02
-0.78-0.19-0.47-0.41-0.73-0.450.41-0.85-0.24-0.63-0.5-0.47-0.65-0.54-0.29-0.78-0.66-0.42-0.82-0.12-0.66-0.73-0.71-0.720.04
0.92-0.450.00.170.930.83-0.530.720.460.650.860.840.990.87-0.170.81-0.660.170.9-0.510.870.930.620.97-0.37
0.350.560.931.00.130.250.560.470.58-0.260.22-0.250.080.380.340.58-0.420.170.370.530.290.280.680.220.79
0.99-0.080.270.360.960.77-0.520.920.420.740.810.750.90.850.240.89-0.820.90.37-0.150.880.970.80.97-0.12
-0.241.00.730.52-0.38-0.540.430.15-0.29-0.23-0.53-0.66-0.53-0.430.75-0.14-0.12-0.510.53-0.15-0.34-0.350.32-0.360.79
0.92-0.280.170.290.910.92-0.410.720.610.530.950.790.810.93-0.090.9-0.660.870.290.88-0.340.940.60.91-0.23
0.99-0.280.140.280.980.9-0.530.810.550.680.920.840.920.940.060.91-0.730.930.280.97-0.350.940.670.98-0.24
0.760.380.590.670.640.42-0.10.920.280.430.450.310.590.570.510.69-0.710.620.680.80.320.60.670.710.4
0.98-0.290.080.210.990.83-0.580.840.420.740.870.860.960.880.050.84-0.720.970.220.97-0.360.910.980.71-0.28
-0.160.780.760.79-0.36-0.250.750.140.2-0.53-0.29-0.62-0.43-0.140.540.020.04-0.370.79-0.120.79-0.23-0.240.4-0.28
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Sinocat Environmental Account Relationship Matchups

Sinocat Environmental fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets764.8M1.5B2.3B2.1B2.6B1.6B
Short Long Term Debt Total188.4M426.7M120.6M20.5M18.5M17.5M
Other Current Liab194.8M294.9M58.7M67.1M154.5M112.6M
Total Current Liabilities530.7M861.6M234.3M212.4M697.9M512.9M
Total Stockholder Equity169.5M560.0M2.0B1.9B1.9B1.0B
Property Plant And Equipment Net143.0M158.4M231.4M395.3M553.1M280.6M
Net Debt94.6M357.7M(727.6M)(475.0M)102.3M107.4M
Retained Earnings(24.5M)173.3M182.3M69.2M107.5M54.2M
Accounts Payable147.5M140.1M75.4M145.1M270.5M158.7M
Cash93.8M68.9M848.2M495.5M132.4M125.8M
Non Current Assets Total163.2M208.1M334.9M573.5M735.7M372.0M
Non Currrent Assets Other3.6M1.3M44.7M46.7M40.4M23.8M
Cash And Short Term Investments93.8M68.9M1.2B931.3M1.1B1.1B
Common Stock Shares Outstanding50.3M61.2M69.4M86.4M120.2M76.5M
Liabilities And Stockholders Equity764.8M1.5B2.3B2.1B2.5B1.4B
Non Current Liabilities Total57.7M71.0M68.5M51.6M56.3M47.9M
Inventory170.4M208.9M149.7M248.9M362.5M193.3M
Other Current Assets6.8M7.1M7.7M11.3M77.2M58.9M
Total Liab588.4M932.7M302.8M264.1M754.2M578.8M
Total Current Assets601.6M1.3B2.0B1.6B1.9B1.2B
Short Term Debt188.4M426.7M100.1M189.7K170.7K162.2K
Intangible Assets7.4M36.3M36.8M84.3M80.2M40.7M

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Other Information on Investing in Sinocat Stock

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