Ming Research Development vs Gross Profit Analysis

601615 Stock

14.88 0.19 1.29%

Ming Yang financial indicator trend analysis is infinitely more than just investigating Ming Yang Smart recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ming Yang Smart is a good investment. Please check the relationship between Ming Yang Research Development and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ming Yang Smart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Research Development vs Gross Profit

Research Development vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ming Yang Smart Research Development account and Gross Profit. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ming Yang's Research Development and Gross Profit is 0.92. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Ming Yang Smart, assuming nothing else is changed. The correlation between historical values of Ming Yang's Research Development and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Ming Yang Smart are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Research Development i.e., Ming Yang's Research Development and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Research Development

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Ming Yang Smart minus its cost of goods sold. It is profit before Ming Yang operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from Ming Yang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ming Yang Smart 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 Ming Yang Smart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

The current year's Selling General Administrative is expected to grow to about 1.2 B, whereas Tax Provision is forecasted to decline to about 40.8 M.

	2022	2023	2024	2025 (projected)
Gross Profit	6.1B	2.4B	2.2B	3.4B
Total Revenue	30.7B	28.1B	27.2B	20.1B

Gross Profit Total Revenue

Ming Yang fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt	Intangible Assets
Total Assets		-0.06	0.98	0.98	0.93	0.94	0.98	0.98	0.89	0.99	0.96	0.93	0.86	0.77	0.19	0.96	0.96	0.87	0.06	0.99	0.93	-0.47	0.99	0.74	-0.46	0.96
Other Current Liab	-0.06		0.07	-0.13	0.14	-0.02	-0.12	-0.03	0.36	-0.18	-0.13	-0.13	-0.25	-0.6	0.05	-0.15	0.07	0.19	0.59	0.0	0.02	-0.56	0.06	0.28	0.26	-0.23
Total Current Liabilities	0.98	0.07		0.95	0.93	0.94	0.95	0.99	0.92	0.95	0.94	0.92	0.81	0.7	0.13	0.92	0.98	0.91	0.09	0.99	0.92	-0.5	1.0	0.78	-0.44	0.92
Total Stockholder Equity	0.98	-0.13	0.95		0.92	0.93	0.99	0.97	0.84	0.99	0.99	0.92	0.8	0.78	0.17	0.91	0.93	0.8	-0.03	0.95	0.91	-0.53	0.95	0.73	-0.41	0.94
Other Liab	0.93	0.14	0.93	0.92		0.9	0.91	0.92	0.91	0.9	0.89	0.84	0.74	0.54	0.35	0.86	0.94	0.79	0.1	0.92	0.91	-0.64	0.93	0.75	-0.33	0.85
Net Tangible Assets	0.94	-0.02	0.94	0.93	0.9		0.93	0.94	0.88	0.92	0.91	0.99	0.76	0.64	0.19	0.87	0.93	0.83	0.01	0.94	0.98	-0.46	0.94	0.78	-0.63	0.88
Retained Earnings	0.98	-0.12	0.95	0.99	0.91	0.93		0.97	0.83	0.98	0.99	0.93	0.8	0.78	0.19	0.9	0.92	0.83	-0.05	0.95	0.91	-0.53	0.95	0.78	-0.41	0.93
Accounts Payable	0.98	-0.03	0.99	0.97	0.92	0.94	0.97		0.86	0.97	0.97	0.94	0.8	0.75	0.14	0.91	0.97	0.89	-0.05	0.98	0.91	-0.49	0.98	0.8	-0.43	0.92
Cash	0.89	0.36	0.92	0.84	0.91	0.88	0.83	0.86		0.82	0.79	0.81	0.72	0.44	0.24	0.84	0.9	0.85	0.4	0.91	0.9	-0.61	0.93	0.73	-0.41	0.8
Non Current Assets Total	0.99	-0.18	0.95	0.99	0.9	0.92	0.98	0.97	0.82		0.97	0.91	0.87	0.83	0.24	0.95	0.91	0.82	-0.02	0.97	0.91	-0.44	0.95	0.7	-0.44	0.96
Non Currrent Assets Other	0.96	-0.13	0.94	0.99	0.89	0.91	0.99	0.97	0.79	0.97		0.92	0.73	0.78	0.1	0.86	0.91	0.79	-0.14	0.93	0.88	-0.55	0.93	0.77	-0.36	0.9
Other Assets	0.93	-0.13	0.92	0.92	0.84	0.99	0.93	0.94	0.81	0.91	0.92		0.76	0.71	0.13	0.86	0.91	0.83	-0.1	0.92	0.96	-0.38	0.92	0.79	-0.66	0.87
Long Term Debt	0.86	-0.25	0.81	0.8	0.74	0.76	0.8	0.8	0.72	0.87	0.73	0.76		0.81	0.39	0.97	0.77	0.78	0.18	0.88	0.8	-0.1	0.84	0.47	-0.56	0.94
Net Receivables	0.77	-0.6	0.7	0.78	0.54	0.64	0.78	0.75	0.44	0.83	0.78	0.71	0.81		-0.05	0.8	0.67	0.58	-0.25	0.75	0.6	0.03	0.71	0.35	-0.42	0.87
Good Will	0.19	0.05	0.13	0.17	0.35	0.19	0.19	0.14	0.24	0.24	0.1	0.13	0.39	-0.05		0.34	0.11	0.21	0.2	0.2	0.34	-0.23	0.16	0.23	-0.14	0.2
Non Current Liabilities Total	0.96	-0.15	0.92	0.91	0.86	0.87	0.9	0.91	0.84	0.95	0.86	0.86	0.97	0.8	0.34		0.89	0.84	0.14	0.96	0.9	-0.29	0.94	0.6	-0.54	0.98
Inventory	0.96	0.07	0.98	0.93	0.94	0.93	0.92	0.97	0.9	0.91	0.91	0.91	0.77	0.67	0.11	0.89		0.86	0.02	0.97	0.91	-0.48	0.98	0.75	-0.45	0.91
Other Current Assets	0.87	0.19	0.91	0.8	0.79	0.83	0.83	0.89	0.85	0.82	0.79	0.83	0.78	0.58	0.21	0.84	0.86		0.2	0.9	0.83	-0.41	0.9	0.86	-0.42	0.79
Other Stockholder Equity	0.06	0.59	0.09	-0.03	0.1	0.01	-0.05	-0.05	0.4	-0.02	-0.14	-0.1	0.18	-0.25	0.2	0.14	0.02	0.2		0.11	0.08	-0.16	0.13	-0.06	0.04	0.04
Total Liab	0.99	0.0	0.99	0.95	0.92	0.94	0.95	0.98	0.91	0.97	0.93	0.92	0.88	0.75	0.2	0.96	0.97	0.9	0.11		0.93	-0.44	0.99	0.73	-0.49	0.96
Deferred Long Term Liab	0.93	0.02	0.92	0.91	0.91	0.98	0.91	0.91	0.9	0.91	0.88	0.96	0.8	0.6	0.34	0.9	0.91	0.83	0.08	0.93		-0.48	0.93	0.77	-0.65	0.88
Short Long Term Debt	-0.47	-0.56	-0.5	-0.53	-0.64	-0.46	-0.53	-0.49	-0.61	-0.44	-0.55	-0.38	-0.1	0.03	-0.23	-0.29	-0.48	-0.41	-0.16	-0.44	-0.48		-0.48	-0.66	-0.2	-0.27
Total Current Assets	0.99	0.06	1.0	0.95	0.93	0.94	0.95	0.98	0.93	0.95	0.93	0.92	0.84	0.71	0.16	0.94	0.98	0.9	0.13	0.99	0.93	-0.48		0.75	-0.47	0.94
Non Current Liabilities Other	0.74	0.28	0.78	0.73	0.75	0.78	0.78	0.8	0.73	0.7	0.77	0.79	0.47	0.35	0.23	0.6	0.75	0.86	-0.06	0.73	0.77	-0.66	0.75		-0.29	0.57
Short Term Debt	-0.46	0.26	-0.44	-0.41	-0.33	-0.63	-0.41	-0.43	-0.41	-0.44	-0.36	-0.66	-0.56	-0.42	-0.14	-0.54	-0.45	-0.42	0.04	-0.49	-0.65	-0.2	-0.47	-0.29		-0.53
Intangible Assets	0.96	-0.23	0.92	0.94	0.85	0.88	0.93	0.92	0.8	0.96	0.9	0.87	0.94	0.87	0.2	0.98	0.91	0.79	0.04	0.96	0.88	-0.27	0.94	0.57	-0.53

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Ming Yang Account Relationship Matchups

Ming Yang fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	51.6B	61.5B	68.9B	83.9B	86.8B	54.7B
Other Current Liab	13.0B	11.8B	617.9M	647.2M	825.7M	784.4M
Total Current Liabilities	27.0B	33.3B	28.4B	37.6B	39.1B	26.2B
Total Stockholder Equity	14.8B	18.4B	28.1B	27.4B	26.2B	16.4B
Other Liab	1.7B	2.0B	5.1B	4.8B	5.5B	3.2B
Net Tangible Assets	3.5B	5.6B	13.6B	17.4B	20.0B	21.0B
Retained Earnings	3.0B	5.9B	8.2B	7.8B	7.5B	4.2B
Accounts Payable	13.1B	19.4B	17.2B	22.5B	22.5B	14.7B
Cash	16.3B	14.1B	11.2B	13.0B	14.6B	10.9B
Non Current Assets Total	18.5B	23.9B	33.5B	40.5B	36.7B	23.4B
Non Currrent Assets Other	5.0B	9.5B	13.1B	13.1B	11.3B	6.5B
Other Assets	3.0B	3.4B	5.9B	10.5B	12.0B	12.6B
Long Term Debt	4.4B	4.7B	6.6B	11.5B	13.9B	7.4B
Net Receivables	3.7B	5.9B	10.8B	14.1B	13.8B	8.8B
Non Current Liabilities Total	9.5B	9.7B	12.2B	17.9B	20.4B	11.6B
Inventory	8.5B	9.6B	8.0B	9.7B	13.5B	7.0B
Other Current Assets	1.3B	4.9B	1.9B	3.6B	4.2B	2.4B
Other Stockholder Equity	42.1M	434.1M	263.5M	43.5M	50.0M	47.5M
Total Liab	36.5B	43.0B	40.6B	55.4B	59.5B	37.8B
Deferred Long Term Liab	171.7M	164.6M	378.4M	439.5M	505.4M	530.7M
Short Long Term Debt	149M	98.5M	259.5M	863.5M	1.6B	1.7B
Total Current Assets	33.1B	37.6B	35.5B	43.4B	50.1B	31.2B
Non Current Liabilities Other	1.0B	3.9B	1.9B	1.7B	1.6B	1.5B
Intangible Assets	1.3B	1.2B	1.8B	2.3B	2.7B	1.5B
Property Plant Equipment	6.2B	7.1B	10.8B	11.3B	13.0B	7.8B
Common Stock Shares Outstanding	1.9B	2.0B	2.3B	2.3B	2.3B	2.0B
Net Invested Capital	19.3B	23.2B	35.0B	39.8B	41.8B	26.0B
Net Working Capital	6.1B	4.4B	7.1B	5.8B	11.0B	5.6B
Capital Stock	1.9B	2.0B	2.3B	2.3B	2.3B	2.1B
Property Plant And Equipment Net	10.8B	11.3B	16.5B	22.6B	19.7B	16.1B
Property Plant And Equipment Gross	12.5B	13.3B	19.2B	25.8B	19.7B	18.1B

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Other Information on Investing in Ming Stock

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

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Ming Research Development vs Gross Profit Analysis

Research Development vs Gross Profit

Research Development vs Gross Profit Correlation Analysis

Correlation Coefficient

Research Development

Gross Profit

Ming Yang fundamental ratios Correlations

Ming Yang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ming Yang fundamental ratios Accounts

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Other Information on Investing in Ming Stock

COMMON DESTINATIONS

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Total Current Assets	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Total Current Liabilities

Non Current Liabilities Other	- 0.66	Short Long Term Debt
Short Term Debt	- 0.66	Other Assets
Short Term Debt	- 0.65	Deferred Long Term Liab
Short Long Term Debt	- 0.64	Other Liab
Short Term Debt	- 0.63	Net Tangible Assets
Short Long Term Debt	- 0.61	Cash