Jizhong Other Current Liab vs Net Tangible Assets Analysis

000937 Stock   6.20  0.06  0.98%   
Jizhong Energy financial indicator trend analysis is infinitely more than just investigating Jizhong Energy Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jizhong Energy Resources is a good investment. Please check the relationship between Jizhong Energy Other Current Liab and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jizhong Energy Resources. 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.

Other Current Liab vs Net Tangible Assets

Other Current Liab vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jizhong Energy Resources Other Current Liab account and Net Tangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Jizhong Energy's Other Current Liab and Net Tangible Assets is -0.48. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Jizhong Energy Resources, assuming nothing else is changed. The correlation between historical values of Jizhong Energy's Other Current Liab and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Jizhong Energy Resources are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Other Current Liab i.e., Jizhong Energy's Other Current Liab and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.48
Relationship DirectionNegative 
Relationship StrengthVery Weak

Other Current Liab

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.
Most indicators from Jizhong Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jizhong Energy Resources 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 Jizhong Energy Resources. 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.
As of November 27, 2024, Selling General Administrative is expected to decline to about 237.6 M. In addition to that, Tax Provision is expected to decline to about 827.6 M
 2021 2022 2023 2024 (projected)
Income Before Tax4.6B7.0B6.6B6.9B
Cost Of Revenue22.9B24.5B15.4B12.6B

Jizhong Energy fundamental ratios Correlations

0.350.920.980.960.770.570.220.720.10.990.570.920.980.380.350.64-0.330.190.42-0.39-0.510.550.370.43-0.02
0.350.370.230.280.260.060.330.230.360.430.690.180.270.470.28-0.160.49-0.21-0.480.130.21-0.11-0.06-0.120.2
0.920.370.860.870.720.68-0.060.650.040.920.510.810.90.21-0.010.63-0.170.020.43-0.58-0.630.550.660.440.08
0.980.230.860.990.720.570.190.670.040.940.510.970.960.310.360.7-0.460.260.47-0.39-0.540.60.330.48-0.04
0.960.280.870.990.660.580.160.590.040.930.540.960.930.260.320.71-0.420.280.45-0.4-0.550.620.350.49-0.05
0.770.260.720.720.660.320.270.840.530.770.50.60.810.610.250.3-0.01-0.180.15-0.19-0.170.030.270.010.27
0.570.060.680.570.580.32-0.490.16-0.360.52-0.090.560.53-0.19-0.210.83-0.340.00.72-0.92-0.890.790.760.84-0.23
0.220.33-0.060.190.160.27-0.490.430.440.290.530.130.190.780.83-0.22-0.060.34-0.460.70.6-0.35-0.71-0.38-0.04
0.720.230.650.670.590.840.160.430.470.730.490.550.80.610.320.27-0.03-0.150.07-0.11-0.110.00.16-0.140.19
0.10.360.040.040.040.53-0.360.440.470.120.51-0.080.170.540.16-0.350.58-0.52-0.560.390.55-0.71-0.24-0.690.35
0.990.430.920.940.930.770.520.290.730.120.60.880.960.460.390.57-0.280.210.35-0.32-0.440.50.330.38-0.03
0.570.690.510.510.540.5-0.090.530.490.510.60.430.50.490.33-0.010.19-0.02-0.440.230.21-0.14-0.09-0.180.34
0.920.180.810.970.960.60.560.130.55-0.080.880.430.90.250.330.73-0.570.360.48-0.37-0.550.670.310.51-0.07
0.980.270.90.960.930.810.530.190.80.170.960.50.90.370.30.63-0.30.090.44-0.4-0.50.490.380.330.02
0.380.470.210.310.260.61-0.190.780.610.540.460.490.250.370.69-0.150.060.1-0.360.450.44-0.32-0.4-0.310.03
0.350.28-0.010.360.320.25-0.210.830.320.160.390.330.330.30.69-0.01-0.320.46-0.140.50.340.01-0.680.0-0.24
0.64-0.160.630.70.710.30.83-0.220.27-0.350.57-0.010.730.63-0.15-0.01-0.680.270.72-0.75-0.80.810.530.78-0.36
-0.330.49-0.17-0.46-0.42-0.01-0.34-0.06-0.030.58-0.280.19-0.57-0.30.06-0.32-0.68-0.7-0.590.230.44-0.660.02-0.640.47
0.19-0.210.020.260.28-0.180.00.34-0.15-0.520.21-0.020.360.090.10.460.27-0.70.310.19-0.110.48-0.220.41-0.39
0.42-0.480.430.470.450.150.72-0.460.07-0.560.35-0.440.480.44-0.36-0.140.72-0.590.31-0.73-0.870.820.60.74-0.38
-0.390.13-0.58-0.39-0.4-0.19-0.920.7-0.110.39-0.320.23-0.37-0.40.450.5-0.750.230.19-0.730.93-0.71-0.88-0.720.14
-0.510.21-0.63-0.54-0.55-0.17-0.890.6-0.110.55-0.440.21-0.55-0.50.440.34-0.80.44-0.11-0.870.93-0.88-0.81-0.820.18
0.55-0.110.550.60.620.030.79-0.350.0-0.710.5-0.140.670.49-0.320.010.81-0.660.480.82-0.71-0.880.530.91-0.37
0.37-0.060.660.330.350.270.76-0.710.16-0.240.33-0.090.310.38-0.4-0.680.530.02-0.220.6-0.88-0.810.530.480.09
0.43-0.120.440.480.490.010.84-0.38-0.14-0.690.38-0.180.510.33-0.310.00.78-0.640.410.74-0.72-0.820.910.48-0.43
-0.020.20.08-0.04-0.050.27-0.23-0.040.190.35-0.030.34-0.070.020.03-0.24-0.360.47-0.39-0.380.140.18-0.370.09-0.43
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Jizhong Energy Account Relationship Matchups

Jizhong Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets45.5B50.1B49.9B51.5B52.3B30.8B
Other Current Liab3.4B6.2B3.6B878.3M179.1M170.2M
Total Current Liabilities14.6B22.8B21.6B22.4B19.0B11.3B
Total Stockholder Equity20.4B19.6B20.8B21.1B22.5B13.2B
Retained Earnings11.6B12.1B13.4B11.6B12.7B7.3B
Accounts Payable4.1B4.7B4.5B5.2B5.4B3.3B
Cash11.2B14.7B12.1B10.7B11.9B12.5B
Net Receivables6.1B1.5B3.2B3.0B2.8B4.6B
Inventory900.4M803.6M998.3M1.2B1.2B758.8M
Other Current Assets279.2M408.7M652.7M113.4M211.2M200.7M
Total Liab22.5B27.1B25.5B26.6B26.7B15.9B
Intangible Assets5.4B6.0B6.0B5.8B529.0M502.6M
Property Plant Equipment15.7B16.9B17.9B19.4B22.3B11.7B
Other Assets1.3B979.5M1.0B742.5M853.9M947.2M
Long Term Debt7.6B2.5B1.3B1.6B5.3B3.9B
Other Liab1.3B1.9B1.7B1.8B2.0B2.1B
Net Tangible Assets13.4B13.4B14.7B15.0B17.2B15.0B
Other Stockholder Equity95.0M(134.7M)(231.6M)(239.7M)(215.7M)(204.9M)
Deferred Long Term Liab23.6M18.9M17.3M12.1M10.9M18.0M
Short Long Term Debt4.4B11.2B11.3B11.4B9.0B8.0B
Total Current Assets19.3B19.2B17.1B18.7B18.3B19.5B
Non Current Assets Total27.2B30.9B32.9B32.8B34.0B33.0B
Non Currrent Assets Other270.5M390.3M361.3M231.9M350.5M363.0M
Non Current Liabilities Total9.4B4.2B3.8B4.2B7.7B5.7B
Non Current Liabilities Other585.0M599.0M638.9M747.9M714.3M678.6M
Net Debt5.8B872.8M451.8M2.3B2.4B2.4B
Net Invested Capital32.5B33.3B33.4B34.1B36.8B36.8B
Net Working Capital5.1B(3.6B)(4.5B)(3.7B)(651.9M)(619.3M)

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Other Information on Investing in Jizhong Stock

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