Changchun Net Receivables vs Long Term Debt Analysis

002338 Stock   41.76  3.00  6.70%   
Changchun financial indicator trend analysis is way more than just evaluating Changchun UP Optotech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changchun UP Optotech is a good investment. Please check the relationship between Changchun Net Receivables and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Changchun UP Optotech. 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 Receivables vs Long Term Debt

Net Receivables vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changchun UP Optotech Net Receivables account and Long Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Changchun's Net Receivables and Long Term Debt is -0.1. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Changchun UP Optotech, assuming nothing else is changed. The correlation between historical values of Changchun's Net Receivables and Long Term Debt 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 Receivables of Changchun UP Optotech are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Receivables i.e., Changchun's Net Receivables and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.1
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Receivables

Long Term Debt

Long-term debt is a debt that Changchun UP Optotech has held for over one year. Long-term debt appears on Changchun UP Optotech balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Changchun UP Optotech balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from Changchun's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changchun UP Optotech 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 Changchun UP Optotech. 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 45.7 M, whereas Tax Provision is forecasted to decline to about 2.3 M.
 2021 2022 2023 2024 (projected)
Operating Income58.6M54.8M96.3M50.6M
Total Revenue546.8M627.1M773.5M812.1M

Changchun fundamental ratios Correlations

-0.280.910.730.940.670.720.220.810.750.410.92-0.190.910.760.540.960.630.64-0.520.540.850.83-0.660.92-0.19
-0.28-0.14-0.22-0.14-0.370.090.19-0.52-0.22-0.31-0.420.11-0.130.03-0.46-0.24-0.60.170.63-0.47-0.14-0.020.49-0.11-0.18
0.91-0.140.460.990.380.560.320.640.750.10.74-0.531.00.70.270.890.450.54-0.290.320.870.84-0.530.99-0.36
0.73-0.220.460.540.930.830.180.690.480.70.80.350.460.520.810.660.630.57-0.60.730.680.7-0.620.490.11
0.94-0.140.990.540.460.630.290.690.750.170.8-0.420.990.730.350.920.470.63-0.360.390.880.87-0.581.0-0.35
0.67-0.370.380.930.460.84-0.130.780.570.590.850.430.40.380.910.560.780.62-0.760.880.640.66-0.690.430.27
0.720.090.560.830.630.84-0.010.650.630.370.790.330.580.560.680.650.540.84-0.530.660.760.83-0.550.620.04
0.220.190.320.180.29-0.13-0.01-0.10.060.0-0.08-0.440.280.14-0.240.19-0.13-0.20.29-0.270.30.210.090.25-0.19
0.81-0.520.640.690.690.780.65-0.10.630.440.90.080.650.520.630.720.730.57-0.670.650.670.64-0.560.66-0.03
0.75-0.220.750.480.750.570.630.060.63-0.10.77-0.240.750.380.460.640.750.54-0.490.550.780.73-0.730.740.3
0.41-0.310.10.70.170.590.370.00.44-0.10.470.40.10.510.540.470.270.12-0.30.370.20.2-0.190.11-0.17
0.92-0.420.740.80.80.850.79-0.080.90.770.470.070.750.630.740.860.80.7-0.730.750.770.77-0.740.770.03
-0.190.11-0.530.35-0.420.430.33-0.440.08-0.240.40.07-0.5-0.10.39-0.230.090.29-0.320.29-0.31-0.20.01-0.440.4
0.91-0.131.00.460.990.40.580.280.650.750.10.75-0.50.710.290.90.440.59-0.30.340.880.86-0.541.0-0.37
0.760.030.70.520.730.380.560.140.520.380.510.63-0.10.710.180.870.10.46-0.080.080.590.61-0.270.71-0.37
0.54-0.460.270.810.350.910.68-0.240.630.460.540.740.390.290.180.430.790.51-0.790.970.520.55-0.780.320.27
0.96-0.240.890.660.920.560.650.190.720.640.470.86-0.230.90.870.430.480.56-0.40.40.790.77-0.570.89-0.29
0.63-0.60.450.630.470.780.54-0.130.730.750.270.80.090.440.10.790.480.38-0.80.860.570.5-0.730.430.4
0.640.170.540.570.630.620.84-0.20.570.540.120.70.290.590.460.510.560.38-0.530.560.580.72-0.50.65-0.11
-0.520.63-0.29-0.6-0.36-0.76-0.530.29-0.67-0.49-0.3-0.73-0.32-0.3-0.08-0.79-0.4-0.8-0.53-0.83-0.39-0.40.75-0.34-0.27
0.54-0.470.320.730.390.880.66-0.270.650.550.370.750.290.340.080.970.40.860.56-0.830.550.58-0.790.370.29
0.85-0.140.870.680.880.640.760.30.670.780.20.77-0.310.880.590.520.790.570.58-0.390.550.97-0.610.88-0.18
0.83-0.020.840.70.870.660.830.210.640.730.20.77-0.20.860.610.550.770.50.72-0.40.580.97-0.630.88-0.22
-0.660.49-0.53-0.62-0.58-0.69-0.550.09-0.56-0.73-0.19-0.740.01-0.54-0.27-0.78-0.57-0.73-0.50.75-0.79-0.61-0.63-0.56-0.29
0.92-0.110.990.491.00.430.620.250.660.740.110.77-0.441.00.710.320.890.430.65-0.340.370.880.88-0.56-0.37
-0.19-0.18-0.360.11-0.350.270.04-0.19-0.030.3-0.170.030.4-0.37-0.370.27-0.290.4-0.11-0.270.29-0.18-0.22-0.29-0.37
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Changchun Account Relationship Matchups

Changchun fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.0B1.1B1.2B1.9B2.2B2.3B
Other Current Liab27.0M23.2M41.4M107.6M8.4M8.0M
Total Current Liabilities82.9M72.9M102.7M312.4M412.2M432.8M
Total Stockholder Equity848.7M892.1M962.5M1.1B1.2B733.5M
Other Liab31.1M34.1M39.4M168.5M193.7M203.4M
Retained Earnings358.2M392.2M426.3M463.8M474.7M255.4M
Accounts Payable42.3M41.9M54.1M96.7M64.0M35.0M
Cash127.4M146.8M136.4M137.0M315.1M193.4M
Other Assets27.2M19.3M28.0M32.6M37.5M39.4M
Long Term Debt8.5M7.9M1.2M98.7M114.2M119.9M
Net Receivables255.6M166.4M233.0M214.3M268.8M199.6M
Inventory264.6M290.8M332.7M422.2M424.0M445.2M
Other Current Assets82.7M84.9M94.2M96.7M347.2K329.8K
Total Liab115.2M107.0M146.3M585.3M711.2M746.7M
Intangible Assets16.4M19.0M16.7M63.7M56.9M59.8M
Property Plant Equipment176.8M183.3M191.4M326.8M375.8M394.6M
Net Tangible Assets831.9M868.2M945.5M778.6M895.4M879.0M
Deferred Long Term Liab1.0M777.0K986.3K1.1M1.0M910.3K
Total Current Assets731.9M743.4M806.2M991.9M1.2B881.4M
Non Current Assets Total308.5M340.1M390.0M939.1M1.0B527.5M
Non Currrent Assets Other18.0M5.7M12.3M9.7M5.0M8.8M
Non Current Liabilities Total32.4M34.1M43.6M272.9M299.0M313.9M
Other Stockholder Equity19.5K3.0M1.6M(359.0K)(412.8K)(392.2K)
Net Invested Capital848.7M892.1M962.5M1.3B1.5B1.1B
Net Working Capital649.1M670.4M703.5M679.5M756.9M737.9M

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Other Information on Investing in Changchun Stock

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