Wuliangye Net Tangible Assets vs Non Currrent Assets Other 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 Non Currrent Assets Other 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 Non Currrent Assets Other

Net Tangible Assets vs Non Currrent Assets Other 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 Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between Wuliangye Yibin's Net Tangible Assets and Non Currrent Assets Other is 0.79. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Non Currrent Assets Other 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 Non Currrent Assets Other 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 Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Tangible Assets i.e., Wuliangye Yibin's Net Tangible Assets and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
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 Income30.7B35.1B39.5B41.5B
Total Revenue66.2B74.0B83.3B87.4B

Wuliangye Yibin fundamental ratios Correlations

-0.010.951.00.770.970.970.990.030.220.98-0.190.960.790.470.730.98-0.620.890.810.590.930.880.870.570.75
-0.010.21-0.07-0.020.12-0.18-0.060.670.310.00.120.21-0.390.260.230.010.420.11-0.1-0.190.05-0.11-0.370.29-0.34
0.950.210.930.710.930.90.930.140.240.92-0.231.00.620.460.740.92-0.470.90.760.510.930.830.790.580.62
1.0-0.070.930.770.960.980.99-0.010.210.97-0.180.930.820.470.720.98-0.660.880.810.610.920.880.890.560.78
0.77-0.020.710.770.850.750.730.330.330.850.080.710.620.50.460.76-0.380.630.680.180.670.520.510.310.48
0.970.120.930.960.850.910.940.20.280.97-0.120.930.710.510.70.97-0.510.880.790.50.90.810.740.590.65
0.97-0.180.90.980.750.910.98-0.060.090.93-0.320.90.850.340.630.94-0.70.860.860.60.910.880.910.580.81
0.99-0.060.930.990.730.940.98-0.040.170.96-0.230.930.840.430.710.97-0.70.880.810.640.920.890.890.570.82
0.030.670.14-0.010.330.2-0.06-0.040.290.110.120.15-0.210.230.070.020.350.060.02-0.260.04-0.17-0.380.35-0.28
0.220.310.240.210.330.280.090.170.290.340.640.25-0.040.890.720.20.30.280.280.090.240.2-0.010.070.04
0.980.00.920.970.850.970.930.960.110.34-0.050.920.760.590.730.95-0.580.830.760.520.870.790.80.470.7
-0.190.12-0.23-0.180.08-0.12-0.32-0.230.120.64-0.05-0.23-0.160.60.23-0.190.26-0.27-0.28-0.2-0.31-0.26-0.31-0.29-0.22
0.960.211.00.930.710.930.90.930.150.250.92-0.230.630.460.740.92-0.470.90.760.510.930.830.790.580.62
0.79-0.390.620.820.620.710.850.84-0.21-0.040.76-0.160.630.250.440.77-0.910.610.650.680.650.720.770.40.95
0.470.260.460.470.50.510.340.430.230.890.590.60.460.250.80.43-0.070.350.350.180.350.310.220.150.24
0.730.230.740.720.460.70.630.710.070.720.730.230.740.440.80.71-0.210.760.670.530.740.760.590.540.51
0.980.010.920.980.760.970.940.970.020.20.95-0.190.920.770.430.71-0.60.90.790.590.920.880.840.590.73
-0.620.42-0.47-0.66-0.38-0.51-0.7-0.70.350.3-0.580.26-0.47-0.91-0.07-0.21-0.6-0.34-0.39-0.56-0.41-0.5-0.67-0.27-0.83
0.890.110.90.880.630.880.860.880.060.280.83-0.270.90.610.350.760.9-0.340.860.660.990.950.790.640.67
0.81-0.10.760.810.680.790.860.810.020.280.76-0.280.760.650.350.670.79-0.390.860.440.860.860.730.660.65
0.59-0.190.510.610.180.50.60.64-0.260.090.52-0.20.510.680.180.530.59-0.560.660.440.640.740.640.350.83
0.930.050.930.920.670.90.910.920.040.240.87-0.310.930.650.350.740.92-0.410.990.860.640.950.840.610.69
0.88-0.110.830.880.520.810.880.89-0.170.20.79-0.260.830.720.310.760.88-0.50.950.860.740.950.890.640.79
0.87-0.370.790.890.510.740.910.89-0.38-0.010.8-0.310.790.770.220.590.84-0.670.790.730.640.840.890.420.76
0.570.290.580.560.310.590.580.570.350.070.47-0.290.580.40.150.540.59-0.270.640.660.350.610.640.420.37
0.75-0.340.620.780.480.650.810.82-0.280.040.7-0.220.620.950.240.510.73-0.830.670.650.830.690.790.760.37
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Wuliangye Yibin Account Relationship Matchups

Wuliangye Yibin fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets106.4B113.9B135.6B152.8B165.4B173.7B
Other Current Liab18.4B13.4B23.6B1.6B681.2M647.2M
Total Current Liabilities30.0B25.9B33.6B35.8B32.7B34.3B
Total Stockholder Equity74.3B85.7B99.1B114.0B129.6B136.0B
Other Liab267.0M266.3M256.0M258.0M296.7M311.5M
Retained Earnings67.7B79.1B92.5B79.0B89.4B93.9B
Accounts Payable3.7B4.1B6.3B8.1B9.6B10.1B
Cash63.2B68.2B82.3B92.4B115.5B121.2B
Net Receivables19.5B41.5M25.6B35.7M42.6M40.5M
Inventory13.7B13.2B14.0B16.0B17.4B18.3B
Other Current Assets220.9M231.9M247.3M195.7M225.0M177.9M
Total Liab30.3B26.1B34.2B36.1B33.1B34.7B
Intangible Assets410.2M433.6M556.4M518.5M2.1B2.2B
Property Plant Equipment5.6B6.9B7.3B9.0B10.3B6.4B
Other Assets1.0B1.4B1.9B2.1B2.4B2.5B
Net Tangible Assets63.1B73.9B85.3B98.5B113.3B72.8B
Deferred Long Term Liab111.9M91.6M122.9M155.5M178.8M130.1M
Total Current Assets96.6B102.4B122.1B137.6B147.2B103.4B
Non Current Assets Total9.8B11.5B13.5B15.2B18.3B12.6B
Non Currrent Assets Other165.3M293.1M216.8M972.5M824.8M866.1M
Non Current Liabilities Total266.3M256.0M613.3M365.8M400.5M375.3M
Net Invested Capital74.3B85.7B99.1B114.0B129.6B97.3B
Net Working Capital66.6B76.5B88.5B101.8B114.5B86.8B

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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.