Mingzhu Retained Earnings vs Net Invested Capital Analysis

YGMZ Stock

USD 0.88 0.07 7.37%

Mingzhu Logistics financial indicator trend analysis is infinitely more than just investigating Mingzhu Logistics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mingzhu Logistics is a good investment. Please check the relationship between Mingzhu Logistics Retained Earnings and its Net Invested Capital accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Mingzhu Logistics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Retained Earnings vs Net Invested Capital

Retained Earnings vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mingzhu Logistics Retained Earnings account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between Mingzhu Logistics' Retained Earnings and Net Invested Capital is 0.73. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Mingzhu Logistics Holdings, assuming nothing else is changed. The correlation between historical values of Mingzhu Logistics' Retained Earnings and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Mingzhu Logistics Holdings are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Retained Earnings i.e., Mingzhu Logistics' Retained Earnings and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Mingzhu Logistics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mingzhu Logistics 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Mingzhu Logistics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

At this time, Mingzhu Logistics' Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to rise to about 2.3 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	396.2K	1.4M	450.3K	576.3K
Depreciation And Amortization	1.4M	2.2M	878.6K	1.6M

Interest Expense Depreciation And Amortization

Mingzhu Logistics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		0.95	0.82	0.87	0.96	0.93	0.1	0.75	0.65	0.64	0.7	0.9	0.97	0.52	0.13	0.9	0.76	0.91	0.96	-0.15	-0.3	-0.25	0.8	0.97	0.87	0.98
Short Long Term Debt Total	0.95		0.85	0.87	0.85	0.86	-0.11	0.81	0.76	0.48	0.79	0.75	0.88	0.4	0.02	0.75	0.79	0.9	0.95	-0.32	-0.43	-0.15	0.68	0.88	0.87	0.91
Other Current Liab	0.82	0.85		0.98	0.75	0.68	-0.25	0.96	0.94	0.45	0.95	0.67	0.79	0.41	-0.03	0.67	0.91	0.7	0.87	-0.36	-0.5	-0.06	0.62	0.77	0.98	0.79
Total Current Liabilities	0.87	0.87	0.98		0.79	0.73	-0.23	0.96	0.91	0.54	0.94	0.72	0.81	0.35	-0.11	0.72	0.95	0.74	0.88	-0.29	-0.51	-0.01	0.62	0.81	1.0	0.83
Total Stockholder Equity	0.96	0.85	0.75	0.79		0.97	0.26	0.64	0.52	0.76	0.58	0.98	0.96	0.69	0.33	0.98	0.64	0.91	0.88	-0.15	-0.24	-0.48	0.92	1.0	0.79	0.99
Net Tangible Assets	0.93	0.86	0.68	0.73	0.97		0.15	0.61	0.5	0.79	0.55	0.92	0.89	0.59	0.27	0.92	0.62	0.97	0.82	-0.2	-0.38	-0.5	0.88	0.96	0.73	0.98
Property Plant And Equipment Net	0.1	-0.11	-0.25	-0.23	0.26	0.15		-0.47	-0.56	0.09	-0.53	0.41	0.31	0.64	0.75	0.41	-0.48	0.01	0.07	0.34	0.82	-0.55	0.45	0.27	-0.23	0.17
Current Deferred Revenue	0.75	0.81	0.96	0.96	0.64	0.61	-0.47		0.97	0.45	0.99	0.53	0.66	0.15	-0.3	0.53	0.98	0.64	0.79	-0.31	-0.66	0.16	0.43	0.65	0.96	0.7
Net Debt	0.65	0.76	0.94	0.91	0.52	0.5	-0.56	0.97		0.3	0.99	0.4	0.55	0.12	-0.29	0.4	0.93	0.57	0.7	-0.48	-0.69	0.16	0.35	0.54	0.91	0.59
Retained Earnings	0.64	0.48	0.45	0.54	0.76	0.79	0.09	0.45	0.3		0.38	0.73	0.59	0.39	0.13	0.73	0.52	0.67	0.49	0.01	-0.46	-0.39	0.65	0.7	0.54	0.73
Accounts Payable	0.7	0.79	0.95	0.94	0.58	0.55	-0.53	0.99	0.99	0.38		0.46	0.6	0.12	-0.31	0.46	0.96	0.61	0.75	-0.38	-0.68	0.18	0.38	0.59	0.94	0.64
Cash	0.9	0.75	0.67	0.72	0.98	0.92	0.41	0.53	0.4	0.73	0.46		0.94	0.75	0.42	1.0	0.54	0.85	0.81	-0.07	-0.09	-0.55	0.94	0.97	0.72	0.95
Non Current Assets Total	0.97	0.88	0.79	0.81	0.96	0.89	0.31	0.66	0.55	0.59	0.6	0.94		0.68	0.32	0.94	0.64	0.83	0.96	-0.09	-0.09	-0.35	0.87	0.98	0.82	0.96
Non Currrent Assets Other	0.52	0.4	0.41	0.35	0.69	0.59	0.64	0.15	0.12	0.39	0.12	0.75	0.68		0.89	0.75	0.06	0.5	0.51	-0.2	0.24	-0.83	0.9	0.69	0.35	0.63
Other Assets	0.13	0.02	-0.03	-0.11	0.33	0.27	0.75	-0.3	-0.29	0.13	-0.31	0.42	0.32	0.89		0.42	-0.4	0.18	0.11	-0.13	0.47	-0.88	0.65	0.33	-0.11	0.26
Cash And Short Term Investments	0.9	0.75	0.67	0.72	0.98	0.92	0.41	0.53	0.4	0.73	0.46	1.0	0.94	0.75	0.42		0.54	0.85	0.81	-0.07	-0.09	-0.55	0.94	0.97	0.72	0.95
Net Receivables	0.76	0.79	0.91	0.95	0.64	0.62	-0.48	0.98	0.93	0.52	0.96	0.54	0.64	0.06	-0.4	0.54		0.66	0.76	-0.27	-0.69	0.21	0.39	0.64	0.95	0.7
Common Stock Total Equity	0.91	0.9	0.7	0.74	0.91	0.97	0.01	0.64	0.57	0.67	0.61	0.85	0.83	0.5	0.18	0.85	0.66		0.8	-0.31	-0.46	-0.46	0.81	0.91	0.74	0.94
Common Stock Shares Outstanding	0.96	0.95	0.87	0.88	0.88	0.82	0.07	0.79	0.7	0.49	0.75	0.81	0.96	0.51	0.11	0.81	0.76	0.8		-0.13	-0.24	-0.13	0.73	0.91	0.88	0.91
Non Current Liabilities Total	-0.15	-0.32	-0.36	-0.29	-0.15	-0.2	0.34	-0.31	-0.48	0.01	-0.38	-0.07	-0.09	-0.2	-0.13	-0.07	-0.27	-0.31	-0.13		0.47	0.3	-0.24	-0.15	-0.28	-0.19
Capital Lease Obligations	-0.3	-0.43	-0.5	-0.51	-0.24	-0.38	0.82	-0.66	-0.69	-0.46	-0.68	-0.09	-0.09	0.24	0.47	-0.09	-0.69	-0.46	-0.24	0.47		-0.12	-0.07	-0.21	-0.51	-0.31
Inventory	-0.25	-0.15	-0.06	-0.01	-0.48	-0.5	-0.55	0.16	0.16	-0.39	0.18	-0.55	-0.35	-0.83	-0.88	-0.55	0.21	-0.46	-0.13	0.3	-0.12		-0.75	-0.46	-0.01	-0.42
Other Current Assets	0.8	0.68	0.62	0.62	0.92	0.88	0.45	0.43	0.35	0.65	0.38	0.94	0.87	0.9	0.65	0.94	0.39	0.81	0.73	-0.24	-0.07	-0.75		0.92	0.62	0.89
Other Stockholder Equity	0.97	0.88	0.77	0.81	1.0	0.96	0.27	0.65	0.54	0.7	0.59	0.97	0.98	0.69	0.33	0.97	0.64	0.91	0.91	-0.15	-0.21	-0.46	0.92		0.81	0.99
Total Liab	0.87	0.87	0.98	1.0	0.79	0.73	-0.23	0.96	0.91	0.54	0.94	0.72	0.82	0.35	-0.11	0.72	0.95	0.74	0.88	-0.28	-0.51	-0.01	0.62	0.81		0.83
Net Invested Capital	0.98	0.91	0.79	0.83	0.99	0.98	0.17	0.7	0.59	0.73	0.64	0.95	0.96	0.63	0.26	0.95	0.7	0.94	0.91	-0.19	-0.31	-0.42	0.89	0.99	0.83

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Mingzhu Logistics Account Relationship Matchups

Mingzhu Logistics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	20.4M	33.9M	82.3M	111.5M	127.4M	64.2M
Short Long Term Debt Total	5.2M	7.0M	10.6M	12.8M	20.4M	10.3M
Other Current Liab	3.4M	1.5M	19.6M	21.4M	41.6M	43.7M
Total Current Liabilities	9.8M	12.5M	34.3M	61.9M	82.7M	86.8M
Total Stockholder Equity	10.0M	21.3M	47.7M	48.1M	44.6M	29.1M
Net Tangible Assets	8.5M	10.0M	21.3M	27.5M	31.6M	15.9M
Property Plant And Equipment Net	4.6M	3.4M	12.2M	9.1M	1.5M	1.4M
Current Deferred Revenue	125.7K	77.7K	153.4K	3.1M	6.8M	7.2M
Net Debt	5.0M	4.9M	4.9M	7.1M	16.7M	17.5M
Retained Earnings	6.2M	6.9M	5.9M	7.7M	4.9M	6.1M
Accounts Payable	1.6M	1.4M	1.3M	6.9M	18.4M	19.4M
Cash	223.5K	2.1M	5.8M	5.7M	3.7M	2.9M
Non Current Assets Total	5.0M	3.7M	42.7M	45.2M	44.4M	23.9M
Non Currrent Assets Other	345.0K	262.0K	9.5M	1.8M	1.7M	2.2M
Other Assets	364.5K	293.8K	10.4M	(847.1K)	(974.1K)	(925.4K)
Cash And Short Term Investments	223.5K	2.1M	5.8M	5.7M	3.7M	2.9M
Net Receivables	13.3M	17.5M	3.7M	45.1M	62.9M	66.0M
Common Stock Shares Outstanding	12.5M	9.6M	19.0M	21.4M	25.7M	17.6M
Liabilities And Stockholders Equity	20.4M	33.9M	82.3M	111.5M	127.4M	64.2M
Non Current Liabilities Total	517.9K	164.4K	380.1K	1.4M	121.1K	115.0K
Capital Lease Obligations	873.4K	79.1K	2.5M	1.9M	9.5K	9.1K
Inventory	104.8K	(12.2M)	(24.7M)	1.1M	1.0	1.05
Other Current Assets	1.9M	10.6M	35.1M	17.3M	17.3M	13.4M
Other Stockholder Equity	3.3M	13.0M	40.9M	40.9M	40.4M	22.6M
Total Liab	10.4M	12.7M	34.7M	63.4M	82.8M	86.9M
Net Invested Capital	14.4M	28.2M	55.8M	59.0M	64.9M	38.1M
Property Plant And Equipment Gross	4.6M	3.4M	27.7M	27.8M	10.3M	13.2M
Short Long Term Debt	4.0M	6.8M	8.0M	10.6M	20.3M	21.3M
Total Current Assets	15.4M	30.2M	39.6M	66.3M	83.8M	88.0M
Accumulated Other Comprehensive Income	508.2K	1.4M	775.8K	(513.0K)	(746.2K)	(708.9K)
Net Working Capital	5.6M	17.7M	5.3M	4.3M	1.2M	1.1M
Short Term Debt	4.7M	6.8M	10.3M	11.5M	20.3M	21.3M
Common Stock	9K	12.4K	19.1K	23.0K	27.5K	17.2K
Property Plant Equipment	5.0M	4.6M	3.4M	12.2M	14.1M	14.8M
Long Term Debt	355.9K	136.4K	179.3K	253.4K	121.1K	115.0K
Capital Stock	9K	12.4K	19.1K	23.0K	27.5K	18.4K

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Mingzhu Retained Earnings vs Net Invested Capital Analysis

Retained Earnings vs Net Invested Capital

Retained Earnings vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Invested Capital

Mingzhu Logistics fundamental ratios Correlations

Mingzhu Logistics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mingzhu Logistics fundamental ratios Accounts

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Total Liab	+ 1.0	Total Current Liabilities
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Net Invested Capital	+ 0.99	Total Stockholder Equity
Accounts Payable	+ 0.99	Current Deferred Revenue
Accounts Payable	+ 0.99	Net Debt

Inventory	- 0.88	Other Assets
Inventory	- 0.83	Non Currrent Assets Other
Other Current Assets	- 0.75	Inventory
Capital Lease Obligations	- 0.69	Net Receivables
Capital Lease Obligations	- 0.69	Net Debt
Capital Lease Obligations	- 0.68	Accounts Payable