Cofco Change In Working Capital vs Change To Account Receivables Analysis

000930 Stock   5.97  0.03  0.50%   
Cofco Biochemical financial indicator trend analysis is way more than just evaluating Cofco Biochemical Anhui prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cofco Biochemical Anhui is a good investment. Please check the relationship between Cofco Biochemical Change In Working Capital and its Change To Account Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cofco Biochemical Anhui. 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.

Change In Working Capital vs Change To Account Receivables

Change In Working Capital vs Change To Account Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cofco Biochemical Anhui Change In Working Capital account and Change To Account Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Cofco Biochemical's Change In Working Capital and Change To Account Receivables is 0.73. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Change To Account Receivables in the same time period over historical financial statements of Cofco Biochemical Anhui, assuming nothing else is changed. The correlation between historical values of Cofco Biochemical's Change In Working Capital and Change To Account 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 Change In Working Capital of Cofco Biochemical Anhui are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Change In Working Capital i.e., Cofco Biochemical's Change In Working Capital and Change To Account Receivables go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Change To Account Receivables

Most indicators from Cofco Biochemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cofco Biochemical Anhui 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 Cofco Biochemical Anhui. 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 Tax Provision is expected to grow to about 139.8 M, whereas Selling General Administrative is forecasted to decline to about 184.1 M.
 2021 2022 2023 2024 (projected)
EBITDA2.0B1.9B2.2B1.5B
Interest Income15.4M16.2M16.2M10.9M

Cofco Biochemical fundamental ratios Correlations

0.340.460.910.740.790.58-0.310.60.940.40.90.850.830.540.170.86-0.520.890.870.840.780.840.730.850.93
0.340.90.150.060.71-0.020.140.880.490.910.470.160.55-0.090.440.49-0.280.270.470.560.480.420.710.290.25
0.460.90.320.160.790.24-0.030.830.640.980.590.390.710.160.430.62-0.450.450.630.690.670.640.870.480.39
0.910.150.320.790.730.8-0.50.480.820.270.720.940.780.690.010.8-0.470.940.890.850.870.770.70.940.97
0.740.060.160.790.620.46-0.30.310.750.140.430.620.690.55-0.340.45-0.370.740.650.590.570.460.480.610.69
0.790.710.790.730.620.52-0.270.880.870.760.70.690.890.360.220.83-0.430.810.890.920.880.760.920.790.77
0.58-0.020.240.80.460.52-0.550.370.480.130.420.870.590.740.20.63-0.430.810.750.740.80.570.560.860.76
-0.310.14-0.03-0.5-0.3-0.27-0.550.0-0.27-0.09-0.11-0.4-0.22-0.530.02-0.4-0.23-0.56-0.52-0.47-0.52-0.44-0.35-0.58-0.53
0.60.880.830.480.310.880.370.00.660.790.630.510.750.160.460.71-0.420.590.720.810.730.560.820.60.57
0.940.490.640.820.750.870.48-0.270.660.610.870.750.850.450.170.83-0.490.830.850.830.790.870.850.790.84
0.40.910.980.270.140.760.13-0.090.790.610.520.290.630.070.370.57-0.30.390.580.650.630.620.860.430.35
0.90.470.590.720.430.70.42-0.110.630.870.520.750.70.390.380.86-0.560.680.730.710.680.880.730.730.8
0.850.160.390.940.620.690.87-0.40.510.750.290.750.780.730.180.82-0.660.880.860.830.870.760.690.930.92
0.830.550.710.780.690.890.59-0.220.750.850.630.70.780.570.090.72-0.660.860.90.90.860.710.830.780.77
0.54-0.090.160.690.550.360.74-0.530.160.450.070.390.730.57-0.080.4-0.550.630.570.530.580.470.410.650.61
0.170.440.430.01-0.340.220.20.020.460.170.370.380.180.09-0.080.47-0.240.110.20.270.210.30.30.220.14
0.860.490.620.80.450.830.63-0.40.710.830.570.860.820.720.40.47-0.430.810.870.870.850.870.820.880.87
-0.52-0.28-0.45-0.47-0.37-0.43-0.43-0.23-0.42-0.49-0.3-0.56-0.66-0.66-0.55-0.24-0.43-0.4-0.43-0.43-0.43-0.37-0.41-0.42-0.39
0.890.270.450.940.740.810.81-0.560.590.830.390.680.880.860.630.110.81-0.40.970.940.920.780.770.950.95
0.870.470.630.890.650.890.75-0.520.720.850.580.730.860.90.570.20.87-0.430.970.990.970.830.880.950.93
0.840.560.690.850.590.920.74-0.470.810.830.650.710.830.90.530.270.87-0.430.940.990.970.80.910.930.89
0.780.480.670.870.570.880.8-0.520.730.790.630.680.870.860.580.210.85-0.430.920.970.970.820.920.950.89
0.840.420.640.770.460.760.57-0.440.560.870.620.880.760.710.470.30.87-0.370.780.830.80.820.860.840.84
0.730.710.870.70.480.920.56-0.350.820.850.860.730.690.830.410.30.82-0.410.770.880.910.920.860.810.76
0.850.290.480.940.610.790.86-0.580.60.790.430.730.930.780.650.220.88-0.420.950.950.930.950.840.810.97
0.930.250.390.970.690.770.76-0.530.570.840.350.80.920.770.610.140.87-0.390.950.930.890.890.840.760.97
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Cofco Biochemical Account Relationship Matchups

Cofco Biochemical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets17.2B20.5B18.1B18.1B16.6B9.9B
Other Current Liab2.5B1.3B1.4B952.6M30.2M28.7M
Total Current Liabilities6.5B9.3B5.6B5.2B5.1B4.9B
Total Stockholder Equity9.8B10.4B11.4B12.1B10.5B11.0B
Retained Earnings1.3B1.8B2.8B3.2B1.4B824.6M
Accounts Payable854.8M845.8M920.2M919.6M766.5M615.6M
Cash700.5M662.3M1.1B1.0B1.5B1.6B
Long Term Debt274.7M189.7M406.4M191.3M165.6M157.4M
Net Receivables1.4B734.5M1.5B1.1B1.0B742.2M
Inventory2.8B5.0B4.1B3.8B2.5B1.6B
Other Current Assets1.8B2.9B982.0M1.3B485.7M819.8M
Total Liab7.0B9.7B6.3B5.6B5.7B5.1B
Property Plant Equipment8.2B8.5B8.5B8.6B9.9B5.5B
Other Liab108.3M125.8M169.6M189.2M217.6M228.4M
Other Assets522.8M354.3M400.0M306.4M352.3M337.1M
Intangible Assets823.9M852.7M629.7M610.6M602.7M632.8M
Net Tangible Assets8.6B9.2B10.4B11.1B12.8B7.4B
Other Stockholder Equity683.1M651.2M616.9M692.8M796.8M521.5M
Deferred Long Term Liab26.7M27.2M22.2M25.2M29.0M20.5M
Short Long Term Debt2.5B6.6B2.8B2.9B3.2B3.3B
Total Current Assets6.7B9.9B7.6B7.7B6.0B7.5B
Non Current Assets Total10.4B10.6B10.4B10.4B10.5B9.8B
Non Currrent Assets Other121.0M198.8M(86.5M)109.4M80.0M95.1M
Non Current Liabilities Total412.7M359.3M712.9M427.3M562.5M499.8M
Net Debt2.1B6.1B2.1B2.0B1.9B2.4B
Net Invested Capital12.6B17.2B14.6B15.2B13.8B14.6B
Net Working Capital186.6M578.0M2.0B2.5B893.5M700.6M

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Other Information on Investing in Cofco Stock

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