XinJiang Short Term Debt vs Intangible Assets Analysis

002205 Stock   8.68  0.23  2.58%   
XinJiang GuoTong financial indicator trend analysis is more than just analyzing XinJiang GuoTong Pipeline current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether XinJiang GuoTong Pipeline is a good investment. Please check the relationship between XinJiang GuoTong Short Term Debt and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in XinJiang GuoTong Pipeline. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Short Term Debt vs Intangible Assets

Short Term Debt vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of XinJiang GuoTong Pipeline Short Term Debt account and Intangible Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between XinJiang GuoTong's Short Term Debt and Intangible Assets is 0.18. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of XinJiang GuoTong Pipeline, assuming nothing else is changed. The correlation between historical values of XinJiang GuoTong's Short Term Debt and Intangible 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 Short Term Debt of XinJiang GuoTong Pipeline are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Short Term Debt i.e., XinJiang GuoTong's Short Term Debt and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.18
Relationship DirectionPositive 
Relationship StrengthInsignificant

Short Term Debt

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from XinJiang GuoTong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into XinJiang GuoTong Pipeline 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 XinJiang GuoTong Pipeline. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of November 27, 2024, Selling General Administrative is expected to decline to about 74.6 M. In addition to that, Tax Provision is expected to decline to about 994.4 K
 2021 2022 2023 2024 (projected)
Gross Profit216.8M119.1M67.2M63.8M
Research Development19.7M17.0M20.3M16.5M

XinJiang GuoTong fundamental ratios Correlations

0.510.970.33-0.090.91-0.190.830.56-0.070.080.870.810.860.710.760.75-0.720.60.57-0.150.270.880.750.860.83
0.510.550.330.390.440.210.260.030.130.320.290.160.270.410.140.12-0.050.550.260.00.150.330.20.230.13
0.970.550.23-0.110.95-0.240.830.51-0.170.030.870.80.80.630.730.76-0.720.590.7-0.080.370.870.740.820.79
0.330.330.230.620.240.6-0.020.730.750.480.090.120.220.67-0.04-0.020.180.170.170.010.22-0.03-0.1-0.08-0.1
-0.090.39-0.110.62-0.10.41-0.540.260.550.53-0.47-0.44-0.270.25-0.62-0.560.68-0.06-0.020.350.01-0.45-0.47-0.52-0.57
0.910.440.950.24-0.1-0.170.740.58-0.070.050.810.80.790.60.660.71-0.70.450.740.110.360.790.730.750.75
-0.190.21-0.240.60.41-0.17-0.410.20.660.48-0.3-0.32-0.250.22-0.35-0.360.43-0.29-0.230.33-0.08-0.44-0.48-0.45-0.41
0.830.260.83-0.02-0.540.74-0.410.25-0.33-0.170.990.90.730.440.970.93-0.860.660.55-0.470.340.970.820.950.92
0.560.030.510.730.260.580.20.250.410.110.370.480.540.620.220.3-0.280.040.510.160.30.250.260.240.27
-0.070.13-0.170.750.55-0.070.66-0.330.410.39-0.22-0.19-0.070.41-0.26-0.310.35-0.17-0.250.07-0.14-0.33-0.31-0.34-0.34
0.080.320.030.480.530.050.48-0.170.110.39-0.14-0.27-0.190.22-0.22-0.130.44-0.03-0.050.280.16-0.15-0.39-0.17-0.1
0.870.290.870.09-0.470.81-0.30.990.37-0.22-0.140.920.760.530.960.93-0.860.630.59-0.390.340.960.810.940.91
0.810.160.80.12-0.440.8-0.320.90.48-0.19-0.270.920.850.40.880.82-0.910.50.62-0.30.180.90.920.860.81
0.860.270.80.22-0.270.79-0.250.730.54-0.07-0.190.760.850.50.730.62-0.830.480.37-0.160.020.790.90.810.77
0.710.410.630.670.250.60.220.440.620.410.220.530.40.50.420.46-0.230.450.28-0.20.340.470.250.440.44
0.760.140.73-0.04-0.620.66-0.350.970.22-0.26-0.220.960.880.730.420.9-0.880.570.38-0.490.180.940.810.950.93
0.750.120.76-0.02-0.560.71-0.360.930.3-0.31-0.130.930.820.620.460.9-0.80.490.57-0.340.430.880.690.860.88
-0.72-0.05-0.720.180.68-0.70.43-0.86-0.280.350.44-0.86-0.91-0.83-0.23-0.88-0.8-0.34-0.420.230.0-0.87-0.92-0.89-0.87
0.60.550.590.17-0.060.45-0.290.660.04-0.17-0.030.630.50.480.450.570.49-0.340.37-0.580.480.640.530.580.49
0.570.260.70.17-0.020.74-0.230.550.51-0.25-0.050.590.620.370.280.380.57-0.420.370.10.680.510.440.390.38
-0.150.0-0.080.010.350.110.33-0.470.160.070.28-0.39-0.3-0.16-0.2-0.49-0.340.23-0.580.1-0.13-0.39-0.26-0.36-0.27
0.270.150.370.220.010.36-0.080.340.3-0.140.160.340.180.020.340.180.430.00.480.68-0.130.2-0.010.130.19
0.880.330.87-0.03-0.450.79-0.440.970.25-0.33-0.150.960.90.790.470.940.88-0.870.640.51-0.390.20.860.980.93
0.750.20.74-0.1-0.470.73-0.480.820.26-0.31-0.390.810.920.90.250.810.69-0.920.530.44-0.26-0.010.860.860.78
0.860.230.82-0.08-0.520.75-0.450.950.24-0.34-0.170.940.860.810.440.950.86-0.890.580.39-0.360.130.980.860.98
0.830.130.79-0.1-0.570.75-0.410.920.27-0.34-0.10.910.810.770.440.930.88-0.870.490.38-0.270.190.930.780.98
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XinJiang GuoTong Account Relationship Matchups

XinJiang GuoTong fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.6B3.8B4.0B4.3B4.1B2.2B
Other Current Liab427.5M543.8M98.6M446.5M7.0M6.6M
Total Current Liabilities1.6B1.7B1.8B2.3B1.8B971.3M
Total Stockholder Equity850.4M864.5M874.9M770.5M626.0M730.6M
Retained Earnings212.1M226.2M232.9M128.4M(162.4M)(154.3M)
Accounts Payable482.3M679.7M876.9M1.2B854.2M442.0M
Cash288.8M240.6M78.2M301.6M142.1M267.7M
Other Assets1.9B2.1B2.2B2.2B2.5B2.7B
Net Receivables462.8M369.3M759.9M663.9M654.2M478.4M
Inventory152.8M158.7M138.2M124.1M105.4M150.1M
Other Current Assets65.9M44.8M25.5M22.0M9.1M8.7M
Total Liab2.5B2.8B3.0B3.3B3.3B3.5B
Intangible Assets122.0M206.0M304.1M299.9M253.6M266.3M
Property Plant Equipment592.6M562.9M496.1M459.5M528.4M419.9M
Long Term Debt891.9M985.4M1.0B942.4M1.3B1.4B
Other Liab92.8M81.9M88.3M126.7M145.8M153.0M
Net Tangible Assets728.4M658.5M570.9M470.5M423.5M570.3M
Deferred Long Term Liab34.4M68.2M37.9M24.6M28.3M38.9M
Short Long Term Debt112M95.4M324.0M406M122.0M239.6M
Total Current Assets977.2M947.0M1.0B1.3B1.1B876.4M
Non Current Assets Total2.6B2.9B3.0B3.0B3.0B2.6B
Non Current Liabilities Total980.1M1.1B1.2B1.1B1.5B935.8M
Non Current Liabilities Other68.2M68.0M75.5M75.0M126.1M70.3M
Net Debt710.4M840.2M1.3B1.0B1.3B924.1M
Net Invested Capital1.8B1.9B2.2B2.1B2.1B2.1B
Net Working Capital(584.5M)(716.2M)(786.0M)(974.5M)(707.7M)(743.1M)

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Other Information on Investing in XinJiang Stock

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