Wuliangye Net Tangible Assets vs Long Term Investments Analysis

000858 Stock

144.00 3.05 2.07%

Wuliangye Yibin financial indicator trend analysis is more than just analyzing Wuliangye Yibin current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wuliangye Yibin is a good investment. Please check the relationship between Wuliangye Yibin Net Tangible Assets and its Long Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Wuliangye Yibin Co. 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.

Net Tangible Assets vs Long Term Investments

Net Tangible Assets vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wuliangye Yibin Net Tangible Assets account and Long Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Wuliangye Yibin's Net Tangible Assets and Long Term Investments is 0.66. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Wuliangye Yibin Co, assuming nothing else is changed. The correlation between historical values of Wuliangye Yibin's Net Tangible Assets and Long Term 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 Net Tangible Assets of Wuliangye Yibin Co are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Net Tangible Assets i.e., Wuliangye Yibin's Net Tangible Assets and Long Term Investments go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Long Term Investments

Long Term Investments is an item on the asset side of Wuliangye Yibin balance sheet that represents investments Wuliangye Yibin intends to hold for over a year. Wuliangye Yibin Co long term investments may include different instruments such as stocks, bonds, real estate and cash.

Most indicators from Wuliangye Yibin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wuliangye Yibin 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 Wuliangye Yibin Co. 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 11.7 B, whereas Tax Provision is forecasted to decline to about 6.9 B.

	2021	2022	2023	2024 (projected)
Operating Income	30.7B	35.1B	39.5B	41.5B
Total Revenue	66.2B	74.0B	83.3B	87.4B

Operating Income Total Revenue

Wuliangye Yibin fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Assets	Good Will	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Common Stock Shares Outstanding
Total Assets		-0.01	0.95	1.0	0.77	0.97	0.97	0.99	0.03	0.22	0.98	-0.19	0.96	0.79	0.47	0.73	0.98	-0.62	0.89	0.81	0.59	0.93	0.88	0.87	0.57	0.75
Other Current Liab	-0.01		0.21	-0.07	-0.02	0.12	-0.18	-0.06	0.67	0.31	0.0	0.12	0.21	-0.39	0.26	0.23	0.01	0.42	0.11	-0.1	-0.19	0.05	-0.11	-0.37	0.29	-0.34
Total Current Liabilities	0.95	0.21		0.93	0.71	0.93	0.9	0.93	0.14	0.24	0.92	-0.23	1.0	0.62	0.46	0.74	0.92	-0.47	0.9	0.76	0.51	0.93	0.83	0.79	0.58	0.62
Total Stockholder Equity	1.0	-0.07	0.93		0.77	0.96	0.98	0.99	-0.01	0.21	0.97	-0.18	0.93	0.82	0.47	0.72	0.98	-0.66	0.88	0.81	0.61	0.92	0.88	0.89	0.56	0.78
Other Liab	0.77	-0.02	0.71	0.77		0.85	0.75	0.73	0.33	0.33	0.85	0.08	0.71	0.62	0.5	0.46	0.76	-0.38	0.63	0.68	0.18	0.67	0.52	0.51	0.31	0.48
Retained Earnings	0.97	0.12	0.93	0.96	0.85		0.91	0.94	0.2	0.28	0.97	-0.12	0.93	0.71	0.51	0.7	0.97	-0.51	0.88	0.79	0.5	0.9	0.81	0.74	0.59	0.65
Accounts Payable	0.97	-0.18	0.9	0.98	0.75	0.91		0.98	-0.06	0.09	0.93	-0.32	0.9	0.85	0.34	0.63	0.94	-0.7	0.86	0.86	0.6	0.91	0.88	0.91	0.58	0.81
Cash	0.99	-0.06	0.93	0.99	0.73	0.94	0.98		-0.04	0.17	0.96	-0.23	0.93	0.84	0.43	0.71	0.97	-0.7	0.88	0.81	0.64	0.92	0.89	0.89	0.57	0.82
Net Receivables	0.03	0.67	0.14	-0.01	0.33	0.2	-0.06	-0.04		0.29	0.11	0.12	0.15	-0.21	0.23	0.07	0.02	0.35	0.06	0.02	-0.26	0.04	-0.17	-0.38	0.35	-0.28
Short Term Investments	0.22	0.31	0.24	0.21	0.33	0.28	0.09	0.17	0.29		0.34	0.64	0.25	-0.04	0.89	0.72	0.2	0.3	0.28	0.28	0.09	0.24	0.2	-0.01	0.07	0.04
Inventory	0.98	0.0	0.92	0.97	0.85	0.97	0.93	0.96	0.11	0.34		-0.05	0.92	0.76	0.59	0.73	0.95	-0.58	0.83	0.76	0.52	0.87	0.79	0.8	0.47	0.7
Other Current Assets	-0.19	0.12	-0.23	-0.18	0.08	-0.12	-0.32	-0.23	0.12	0.64	-0.05		-0.23	-0.16	0.6	0.23	-0.19	0.26	-0.27	-0.28	-0.2	-0.31	-0.26	-0.31	-0.29	-0.22
Total Liab	0.96	0.21	1.0	0.93	0.71	0.93	0.9	0.93	0.15	0.25	0.92	-0.23		0.63	0.46	0.74	0.92	-0.47	0.9	0.76	0.51	0.93	0.83	0.79	0.58	0.62
Intangible Assets	0.79	-0.39	0.62	0.82	0.62	0.71	0.85	0.84	-0.21	-0.04	0.76	-0.16	0.63		0.25	0.44	0.77	-0.91	0.61	0.65	0.68	0.65	0.72	0.77	0.4	0.95
Common Stock	0.47	0.26	0.46	0.47	0.5	0.51	0.34	0.43	0.23	0.89	0.59	0.6	0.46	0.25		0.8	0.43	-0.07	0.35	0.35	0.18	0.35	0.31	0.22	0.15	0.24
Property Plant Equipment	0.73	0.23	0.74	0.72	0.46	0.7	0.63	0.71	0.07	0.72	0.73	0.23	0.74	0.44	0.8		0.71	-0.21	0.76	0.67	0.53	0.74	0.76	0.59	0.54	0.51
Other Assets	0.98	0.01	0.92	0.98	0.76	0.97	0.94	0.97	0.02	0.2	0.95	-0.19	0.92	0.77	0.43	0.71		-0.6	0.9	0.79	0.59	0.92	0.88	0.84	0.59	0.73
Good Will	-0.62	0.42	-0.47	-0.66	-0.38	-0.51	-0.7	-0.7	0.35	0.3	-0.58	0.26	-0.47	-0.91	-0.07	-0.21	-0.6		-0.34	-0.39	-0.56	-0.41	-0.5	-0.67	-0.27	-0.83
Net Tangible Assets	0.89	0.11	0.9	0.88	0.63	0.88	0.86	0.88	0.06	0.28	0.83	-0.27	0.9	0.61	0.35	0.76	0.9	-0.34		0.86	0.66	0.99	0.95	0.79	0.64	0.67
Deferred Long Term Liab	0.81	-0.1	0.76	0.81	0.68	0.79	0.86	0.81	0.02	0.28	0.76	-0.28	0.76	0.65	0.35	0.67	0.79	-0.39	0.86		0.44	0.86	0.86	0.73	0.66	0.65
Long Term Investments	0.59	-0.19	0.51	0.61	0.18	0.5	0.6	0.64	-0.26	0.09	0.52	-0.2	0.51	0.68	0.18	0.53	0.59	-0.56	0.66	0.44		0.64	0.74	0.64	0.35	0.83
Total Current Assets	0.93	0.05	0.93	0.92	0.67	0.9	0.91	0.92	0.04	0.24	0.87	-0.31	0.93	0.65	0.35	0.74	0.92	-0.41	0.99	0.86	0.64		0.95	0.84	0.61	0.69
Non Current Assets Total	0.88	-0.11	0.83	0.88	0.52	0.81	0.88	0.89	-0.17	0.2	0.79	-0.26	0.83	0.72	0.31	0.76	0.88	-0.5	0.95	0.86	0.74	0.95		0.89	0.64	0.79
Non Currrent Assets Other	0.87	-0.37	0.79	0.89	0.51	0.74	0.91	0.89	-0.38	-0.01	0.8	-0.31	0.79	0.77	0.22	0.59	0.84	-0.67	0.79	0.73	0.64	0.84	0.89		0.42	0.76
Non Current Liabilities Total	0.57	0.29	0.58	0.56	0.31	0.59	0.58	0.57	0.35	0.07	0.47	-0.29	0.58	0.4	0.15	0.54	0.59	-0.27	0.64	0.66	0.35	0.61	0.64	0.42		0.37
Common Stock Shares Outstanding	0.75	-0.34	0.62	0.78	0.48	0.65	0.81	0.82	-0.28	0.04	0.7	-0.22	0.62	0.95	0.24	0.51	0.73	-0.83	0.67	0.65	0.83	0.69	0.79	0.76	0.37

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Wuliangye Yibin Account Relationship Matchups

Wuliangye Yibin fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	106.4B	113.9B	135.6B	152.8B	165.4B	173.7B
Other Current Liab	18.4B	13.4B	23.6B	1.6B	681.2M	647.2M
Total Current Liabilities	30.0B	25.9B	33.6B	35.8B	32.7B	34.3B
Total Stockholder Equity	74.3B	85.7B	99.1B	114.0B	129.6B	136.0B
Other Liab	267.0M	266.3M	256.0M	258.0M	296.7M	311.5M
Retained Earnings	67.7B	79.1B	92.5B	79.0B	89.4B	93.9B
Accounts Payable	3.7B	4.1B	6.3B	8.1B	9.6B	10.1B
Cash	63.2B	68.2B	82.3B	92.4B	115.5B	121.2B
Net Receivables	19.5B	41.5M	25.6B	35.7M	42.6M	40.5M
Inventory	13.7B	13.2B	14.0B	16.0B	17.4B	18.3B
Other Current Assets	220.9M	231.9M	247.3M	195.7M	225.0M	177.9M
Total Liab	30.3B	26.1B	34.2B	36.1B	33.1B	34.7B
Intangible Assets	410.2M	433.6M	556.4M	518.5M	2.1B	2.2B
Property Plant Equipment	5.6B	6.9B	7.3B	9.0B	10.3B	6.4B
Other Assets	1.0B	1.4B	1.9B	2.1B	2.4B	2.5B
Net Tangible Assets	63.1B	73.9B	85.3B	98.5B	113.3B	72.8B
Deferred Long Term Liab	111.9M	91.6M	122.9M	155.5M	178.8M	130.1M
Total Current Assets	96.6B	102.4B	122.1B	137.6B	147.2B	103.4B
Non Current Assets Total	9.8B	11.5B	13.5B	15.2B	18.3B	12.6B
Non Currrent Assets Other	165.3M	293.1M	216.8M	972.5M	824.8M	866.1M
Non Current Liabilities Total	266.3M	256.0M	613.3M	365.8M	400.5M	375.3M
Net Invested Capital	74.3B	85.7B	99.1B	114.0B	129.6B	97.3B
Net Working Capital	66.6B	76.5B	88.5B	101.8B	114.5B	86.8B

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Other Information on Investing in Wuliangye Stock

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

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Wuliangye Net Tangible Assets vs Long Term Investments Analysis

Net Tangible Assets vs Long Term Investments

Net Tangible Assets vs Long Term Investments Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Long Term Investments

Wuliangye Yibin fundamental ratios Correlations

Wuliangye Yibin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wuliangye Yibin fundamental ratios Accounts

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Other Information on Investing in Wuliangye Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Cash	+ 0.99	Total Assets
Cash	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Net Tangible Assets
Inventory	+ 0.98	Total Assets

Good Will	- 0.91	Intangible Assets
Common Stock Shares Outstanding	- 0.83	Good Will
Good Will	- 0.7	Cash
Good Will	- 0.7	Accounts Payable
Non Currrent Assets Other	- 0.67	Good Will
Good Will	- 0.66	Total Stockholder Equity