China Total Current Assets vs Retained Earnings Analysis

001979 Stock

11.78 0.02 0.17%

China Merchants financial indicator trend analysis is way more than just evaluating China Merchants Shekou prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Merchants Shekou is a good investment. Please check the relationship between China Merchants Total Current Assets and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Merchants Shekou. 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.

Total Current Assets vs Retained Earnings

Total Current Assets vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Merchants Shekou Total Current Assets account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.

The correlation between China Merchants' Total Current Assets and Retained Earnings is 0.98. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of China Merchants Shekou, assuming nothing else is changed. The correlation between historical values of China Merchants' Total Current Assets and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of China Merchants Shekou are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Assets i.e., China Merchants' Total Current Assets and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from China Merchants' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Merchants Shekou 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 China Merchants Shekou. 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 7 B, whereas Selling General Administrative is forecasted to decline to about 3.3 B.

	2021	2022	2023	2024 (projected)
Operating Income	25.3B	21.3B	15.0B	20.2B
Total Revenue	160.6B	183.0B	175.0B	117.6B

Operating Income Total Revenue

China Merchants fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Inventory	Total Liab	Intangible Assets	Common Stock	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Net Receivables	Other Current Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Property Plant Equipment	Non Current Assets Total
Total Assets		0.97	-0.63	0.98	0.98	0.96	0.93	0.97	0.66	1.0	1.0	0.67	0.66	0.62	1.0	0.98	-0.01	0.85	0.97	0.99	0.86	0.0	1.0	0.94	0.86	0.98
Total Stockholder Equity	0.97		-0.77	0.98	0.93	0.98	0.9	0.94	0.61	0.97	0.97	0.59	0.76	0.56	0.96	0.99	0.13	0.86	0.95	0.96	0.92	0.14	0.97	0.95	0.81	0.92
Other Liab	-0.63	-0.77		-0.7	-0.53	-0.77	-0.55	-0.62	-0.33	-0.62	-0.63	-0.21	-0.71	-0.4	-0.61	-0.68	-0.33	-0.59	-0.59	-0.59	-0.73	-0.3	-0.61	-0.66	-0.45	-0.51
Retained Earnings	0.98	0.98	-0.7		0.92	0.98	0.9	0.93	0.58	0.98	0.97	0.57	0.66	0.66	0.98	0.99	0.17	0.81	0.97	0.95	0.93	0.19	0.98	0.97	0.79	0.92
Accounts Payable	0.98	0.93	-0.53	0.92		0.9	0.92	0.98	0.72	0.97	0.98	0.76	0.67	0.52	0.98	0.95	-0.16	0.85	0.93	0.99	0.8	-0.15	0.98	0.89	0.9	0.99
Cash	0.96	0.98	-0.77	0.98	0.9		0.89	0.92	0.59	0.96	0.96	0.54	0.71	0.61	0.96	0.97	0.19	0.83	0.94	0.93	0.89	0.18	0.95	0.93	0.78	0.9
Other Assets	0.93	0.9	-0.55	0.9	0.92	0.89		0.91	0.82	0.93	0.92	0.83	0.76	0.39	0.93	0.92	-0.14	0.81	0.9	0.93	0.84	-0.12	0.94	0.83	0.95	0.95
Long Term Debt	0.97	0.94	-0.62	0.93	0.98	0.92	0.91		0.74	0.96	0.98	0.73	0.71	0.51	0.96	0.94	-0.12	0.82	0.9	0.98	0.84	-0.11	0.97	0.9	0.89	0.97
Good Will	0.66	0.61	-0.33	0.58	0.72	0.59	0.82	0.74		0.64	0.67	0.91	0.73	-0.05	0.65	0.61	-0.45	0.56	0.53	0.69	0.59	-0.46	0.66	0.51	0.91	0.75
Inventory	1.0	0.97	-0.62	0.98	0.97	0.96	0.93	0.96	0.64		1.0	0.66	0.65	0.64	1.0	0.98	0.01	0.84	0.98	0.99	0.86	0.03	1.0	0.94	0.85	0.98
Total Liab	1.0	0.97	-0.63	0.97	0.98	0.96	0.92	0.98	0.67	1.0		0.68	0.67	0.61	1.0	0.98	-0.02	0.84	0.96	0.99	0.86	-0.01	1.0	0.94	0.87	0.98
Intangible Assets	0.67	0.59	-0.21	0.57	0.76	0.54	0.83	0.73	0.91	0.66	0.68		0.69	-0.02	0.68	0.62	-0.61	0.59	0.59	0.71	0.55	-0.58	0.69	0.49	0.94	0.77
Common Stock	0.66	0.76	-0.71	0.66	0.67	0.71	0.76	0.71	0.73	0.65	0.67	0.69		-0.08	0.65	0.72	-0.07	0.74	0.6	0.69	0.73	-0.09	0.66	0.62	0.76	0.66
Other Current Liab	0.62	0.56	-0.4	0.66	0.52	0.61	0.39	0.51	-0.05	0.64	0.61	-0.02	-0.08		0.62	0.58	0.32	0.36	0.66	0.55	0.46	0.34	0.61	0.62	0.24	0.53
Total Current Liabilities	1.0	0.96	-0.61	0.98	0.98	0.96	0.93	0.96	0.65	1.0	1.0	0.68	0.65	0.62		0.98	-0.01	0.84	0.97	0.98	0.87	0.01	1.0	0.93	0.87	0.98
Net Tangible Assets	0.98	0.99	-0.68	0.99	0.95	0.97	0.92	0.94	0.61	0.98	0.98	0.62	0.72	0.58	0.98		0.12	0.86	0.98	0.97	0.92	0.14	0.98	0.97	0.82	0.94
Net Receivables	-0.01	0.13	-0.33	0.17	-0.16	0.19	-0.14	-0.12	-0.45	0.01	-0.02	-0.61	-0.07	0.32	-0.01	0.12		0.03	0.11	-0.06	0.26	0.96	-0.01	0.26	-0.37	-0.17
Other Current Assets	0.85	0.86	-0.59	0.81	0.85	0.83	0.81	0.82	0.56	0.84	0.84	0.59	0.74	0.36	0.84	0.86	0.03		0.82	0.88	0.7	-0.06	0.84	0.76	0.75	0.82
Other Stockholder Equity	0.97	0.95	-0.59	0.97	0.93	0.94	0.9	0.9	0.53	0.98	0.96	0.59	0.6	0.66	0.97	0.98	0.11	0.82		0.96	0.85	0.15	0.97	0.94	0.78	0.94
Deferred Long Term Liab	0.99	0.96	-0.59	0.95	0.99	0.93	0.93	0.98	0.69	0.99	0.99	0.71	0.69	0.55	0.98	0.97	-0.06	0.88	0.96		0.83	-0.06	0.99	0.92	0.87	0.99
Long Term Investments	0.86	0.92	-0.73	0.93	0.8	0.89	0.84	0.84	0.59	0.86	0.86	0.55	0.73	0.46	0.87	0.92	0.26	0.7	0.85	0.83		0.29	0.87	0.93	0.75	0.79
Short Long Term Debt	0.0	0.14	-0.3	0.19	-0.15	0.18	-0.12	-0.11	-0.46	0.03	-0.01	-0.58	-0.09	0.34	0.01	0.14	0.96	-0.06	0.15	-0.06	0.29		0.01	0.3	-0.37	-0.15
Total Current Assets	1.0	0.97	-0.61	0.98	0.98	0.95	0.94	0.97	0.66	1.0	1.0	0.69	0.66	0.61	1.0	0.98	-0.01	0.84	0.97	0.99	0.87	0.01		0.94	0.87	0.98
Short Term Debt	0.94	0.95	-0.66	0.97	0.89	0.93	0.83	0.9	0.51	0.94	0.94	0.49	0.62	0.62	0.93	0.97	0.26	0.76	0.94	0.92	0.93	0.3	0.94		0.71	0.88
Property Plant Equipment	0.86	0.81	-0.45	0.79	0.9	0.78	0.95	0.89	0.91	0.85	0.87	0.94	0.76	0.24	0.87	0.82	-0.37	0.75	0.78	0.87	0.75	-0.37	0.87	0.71		0.91
Non Current Assets Total	0.98	0.92	-0.51	0.92	0.99	0.9	0.95	0.97	0.75	0.98	0.98	0.77	0.66	0.53	0.98	0.94	-0.17	0.82	0.94	0.99	0.79	-0.15	0.98	0.88	0.91

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China Merchants Account Relationship Matchups

China Merchants fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	617.7B	737.2B	856.2B	886.5B	908.5B	593.1B
Total Stockholder Equity	94.8B	101.4B	108.7B	101.7B	119.7B	88.6B
Other Liab	8.0B	9.2B	11.7B	11.5B	10.4B	11.1B
Retained Earnings	57.4B	62.1B	66.1B	65.0B	64.1B	51.5B
Accounts Payable	31.5B	40.2B	51.7B	52.6B	60.7B	36.0B
Cash	75.3B	89.3B	79.5B	86.2B	88.3B	70.8B
Other Assets	106.2B	113.4B	126.0B	137.9B	158.6B	166.5B
Long Term Debt	87.2B	100.4B	133.9B	160.8B	170.1B	101.5B
Inventory	311.9B	360.8B	417.6B	411.5B	416.7B	290.6B
Total Liab	390.3B	483.8B	579.4B	602.0B	611.8B	403.3B
Intangible Assets	612.3M	603.9M	1.4B	1.5B	2.0B	2.1B
Other Current Liab	197.8B	241.6B	275.8B	271.0B	37.4B	35.5B
Total Current Liabilities	295.0B	373.9B	428.1B	423.9B	426.0B	314.6B
Net Tangible Assets	94.1B	100.2B	106.9B	98.3B	113.1B	88.9B
Net Receivables	70.7B	85.9B	3.3B	3.9B	3.5B	3.3B
Other Current Assets	7.4B	24.8B	19.4B	11.9B	27.4B	14.0B
Other Stockholder Equity	19.9B	21.1B	24.5B	18.7B	21.5B	13.5B
Deferred Long Term Liab	842.5M	1.0B	1.2B	1.2B	1.4B	828.9M
Short Long Term Debt	22.2B	17.7B	3.6B	1.5B	1.4B	1.3B
Total Current Assets	477.6B	575.5B	653.1B	655.2B	664.0B	497.9B
Property Plant Equipment	5.7B	7.8B	11.9B	13.8B	15.8B	16.6B
Non Current Assets Total	140.4B	161.6B	203.1B	231.3B	244.5B	156.2B
Non Currrent Assets Other	199.7M	5.6B	640.4M	486.2M	485.6M	461.4M
Non Current Liabilities Total	95.3B	110.0B	151.4B	178.1B	185.8B	127.7B
Non Current Liabilities Other	476.8M	1.1B	9.0B	4.9B	3.1B	2.6B
Net Debt	34.0B	28.8B	58.0B	76.1B	83.2B	54.7B
Net Invested Capital	204.1B	219.4B	246.2B	264.0B	291.2B	243.6B
Net Working Capital	182.2B	201.7B	225.0B	231.3B	237.9B	207.6B

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

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China Total Current Assets vs Retained Earnings Analysis

Total Current Assets vs Retained Earnings

Total Current Assets vs Retained Earnings Correlation Analysis

Correlation Coefficient

Total Current Assets

Retained Earnings

China Merchants fundamental ratios Correlations

China Merchants Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China Merchants fundamental ratios Accounts

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Other Information on Investing in China Stock

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Inventory	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Inventory
Total Current Liabilities	+ 1.0	Inventory

Cash	- 0.77	Other Liab
Other Liab	- 0.77	Total Stockholder Equity
Long Term Investments	- 0.73	Other Liab
Common Stock	- 0.71	Other Liab
Retained Earnings	- 0.7	Other Liab
Net Tangible Assets	- 0.68	Other Liab