Zhejiang Total Current Assets vs Total Revenue Analysis

002443 Stock

6.14 0.06 0.97%

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

Total Current Assets vs Total Revenue

Total Current Assets vs Total Revenue Correlation Analysis

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

The correlation between Zhejiang Kingland's Total Current Assets and Total Revenue is 0.93. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Zhejiang Kingland Pipeline, assuming nothing else is changed. The correlation between historical values of Zhejiang Kingland's Total Current Assets and Total Revenue 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 Zhejiang Kingland Pipeline are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Current Assets i.e., Zhejiang Kingland's Total Current Assets and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.93

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.

Total Revenue

Total revenue comprises all receipts Zhejiang Kingland generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Zhejiang Kingland's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Kingland 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 Zhejiang Kingland 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 nation.

The current year's Selling General Administrative is expected to grow to about 89.2 M, whereas Discontinued Operations is forecasted to decline to about 2.1 M.

	2021	2022	2023	2024 (projected)
Operating Income	486.5M	322.2M	404.7M	255.0M
Total Revenue	7.0B	6.1B	5.7B	4.6B

Operating Income Total Revenue

Zhejiang Kingland fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Other Assets	Good Will	Short Term Investments	Net Tangible Assets	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt
Total Assets		0.49	0.74	0.97	0.96	-0.37	0.19	0.69	0.95	0.93	0.25	0.79	0.77	0.76	0.87	0.87	0.78	-0.27	-0.66	0.87	-0.77	0.95	-0.83	-0.84	0.48	-0.72
Other Current Liab	0.49		0.36	0.47	0.56	-0.06	0.0	0.27	0.56	0.56	0.8	0.4	0.36	0.24	0.34	0.38	0.32	0.39	-0.56	0.41	-0.52	0.48	-0.4	-0.58	0.4	-0.47
Total Current Liabilities	0.74	0.36		0.57	0.62	0.05	0.3	0.27	0.72	0.71	0.23	0.99	0.72	0.39	0.52	0.76	0.46	-0.12	-0.74	0.5	-0.57	0.72	-0.63	-0.54	0.34	-0.32
Total Stockholder Equity	0.97	0.47	0.57		0.97	-0.45	0.16	0.74	0.92	0.9	0.23	0.64	0.69	0.79	0.87	0.79	0.81	-0.3	-0.56	0.9	-0.76	0.93	-0.8	-0.85	0.47	-0.75
Retained Earnings	0.96	0.56	0.62	0.97		-0.31	0.33	0.59	0.91	0.92	0.25	0.68	0.63	0.65	0.76	0.77	0.85	-0.25	-0.62	0.95	-0.81	0.96	-0.81	-0.89	0.5	-0.76
Accounts Payable	-0.37	-0.06	0.05	-0.45	-0.31		0.54	-0.66	-0.25	-0.13	0.05	-0.03	-0.15	-0.69	-0.55	-0.36	-0.26	0.17	-0.03	-0.22	-0.06	-0.19	0.19	0.26	-0.27	0.28
Cash	0.19	0.0	0.3	0.16	0.33	0.54		-0.39	0.16	0.3	-0.22	0.27	-0.11	-0.4	-0.24	0.07	0.47	-0.26	-0.27	0.51	-0.41	0.44	-0.3	-0.35	0.02	-0.16
Long Term Debt	0.69	0.27	0.27	0.74	0.59	-0.66	-0.39		0.64	0.55	0.28	0.33	0.65	0.92	0.88	0.57	0.26	0.06	-0.18	0.42	-0.31	0.47	-0.36	-0.36	0.04	-0.39
Net Receivables	0.95	0.56	0.72	0.92	0.91	-0.25	0.16	0.64		0.95	0.36	0.77	0.82	0.71	0.84	0.82	0.72	-0.19	-0.71	0.81	-0.83	0.91	-0.83	-0.83	0.54	-0.71
Inventory	0.93	0.56	0.71	0.9	0.92	-0.13	0.3	0.55	0.95		0.29	0.74	0.71	0.63	0.75	0.72	0.77	-0.22	-0.68	0.85	-0.84	0.93	-0.81	-0.83	0.52	-0.65
Other Current Assets	0.25	0.8	0.23	0.23	0.25	0.05	-0.22	0.28	0.36	0.29		0.26	0.37	0.13	0.22	0.25	-0.05	0.56	-0.49	0.07	-0.26	0.18	-0.12	-0.23	0.16	-0.22
Total Liab	0.79	0.4	0.99	0.64	0.68	-0.03	0.27	0.33	0.77	0.74	0.26		0.76	0.45	0.58	0.85	0.49	-0.13	-0.75	0.56	-0.6	0.77	-0.68	-0.6	0.39	-0.44
Intangible Assets	0.77	0.36	0.72	0.69	0.63	-0.15	-0.11	0.65	0.82	0.71	0.37	0.76		0.73	0.84	0.79	0.35	-0.11	-0.59	0.45	-0.69	0.66	-0.68	-0.52	0.3	-0.54
Common Stock	0.76	0.24	0.39	0.79	0.65	-0.69	-0.4	0.92	0.71	0.63	0.13	0.45	0.73		0.97	0.66	0.41	-0.18	-0.27	0.49	-0.42	0.56	-0.52	-0.48	0.25	-0.49
Property Plant Equipment	0.87	0.34	0.52	0.87	0.76	-0.55	-0.24	0.88	0.84	0.75	0.22	0.58	0.84	0.97		0.76	0.51	-0.2	-0.42	0.61	-0.58	0.7	-0.65	-0.6	0.32	-0.61
Other Liab	0.87	0.38	0.76	0.79	0.77	-0.36	0.07	0.57	0.82	0.72	0.25	0.85	0.79	0.66	0.76		0.58	-0.26	-0.61	0.66	-0.62	0.8	-0.79	-0.72	0.48	-0.75
Other Assets	0.78	0.32	0.46	0.81	0.85	-0.26	0.47	0.26	0.72	0.77	-0.05	0.49	0.35	0.41	0.51	0.58		-0.65	-0.57	0.93	-0.77	0.89	-0.84	-0.92	0.66	-0.73
Good Will	-0.27	0.39	-0.12	-0.3	-0.25	0.17	-0.26	0.06	-0.19	-0.22	0.56	-0.13	-0.11	-0.18	-0.2	-0.26	-0.65		0.16	-0.43	0.38	-0.4	0.58	0.45	-0.44	0.41
Short Term Investments	-0.66	-0.56	-0.74	-0.56	-0.62	-0.03	-0.27	-0.18	-0.71	-0.68	-0.49	-0.75	-0.59	-0.27	-0.42	-0.61	-0.57	0.16		-0.55	0.64	-0.7	0.63	0.66	-0.53	0.44
Net Tangible Assets	0.87	0.41	0.5	0.9	0.95	-0.22	0.51	0.42	0.81	0.85	0.07	0.56	0.45	0.49	0.61	0.66	0.93	-0.43	-0.55		-0.79	0.94	-0.8	-0.9	0.49	-0.77
Long Term Investments	-0.77	-0.52	-0.57	-0.76	-0.81	-0.06	-0.41	-0.31	-0.83	-0.84	-0.26	-0.6	-0.69	-0.42	-0.58	-0.62	-0.77	0.38	0.64	-0.79		-0.88	0.91	0.88	-0.53	0.77
Total Current Assets	0.95	0.48	0.72	0.93	0.96	-0.19	0.44	0.47	0.91	0.93	0.18	0.77	0.66	0.56	0.7	0.8	0.89	-0.4	-0.7	0.94	-0.88		-0.9	-0.93	0.54	-0.76
Non Current Assets Total	-0.83	-0.4	-0.63	-0.8	-0.81	0.19	-0.3	-0.36	-0.83	-0.81	-0.12	-0.68	-0.68	-0.52	-0.65	-0.79	-0.84	0.58	0.63	-0.8	0.91	-0.9		0.93	-0.63	0.85
Non Currrent Assets Other	-0.84	-0.58	-0.54	-0.85	-0.89	0.26	-0.35	-0.36	-0.83	-0.83	-0.23	-0.6	-0.52	-0.48	-0.6	-0.72	-0.92	0.45	0.66	-0.9	0.88	-0.93	0.93		-0.65	0.87
Non Current Liabilities Total	0.48	0.4	0.34	0.47	0.5	-0.27	0.02	0.04	0.54	0.52	0.16	0.39	0.3	0.25	0.32	0.48	0.66	-0.44	-0.53	0.49	-0.53	0.54	-0.63	-0.65		-0.59
Short Long Term Debt	-0.72	-0.47	-0.32	-0.75	-0.76	0.28	-0.16	-0.39	-0.71	-0.65	-0.22	-0.44	-0.54	-0.49	-0.61	-0.75	-0.73	0.41	0.44	-0.77	0.77	-0.76	0.85	0.87	-0.59

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Zhejiang Kingland Account Relationship Matchups

Zhejiang Kingland fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.7B	4.0B	4.4B	4.7B	4.6B	3.6B
Other Current Liab	312.1M	358.1M	306.4M	307.0M	36.2M	34.4M
Total Current Liabilities	943.4M	819.5M	990.3M	1.3B	894.4M	932.9M
Total Stockholder Equity	2.4B	2.9B	3.1B	3.1B	3.4B	2.4B
Retained Earnings	1.1B	1.6B	1.8B	1.8B	1.8B	1.1B
Accounts Payable	178.2M	191.9M	184.5M	208.9M	185.7M	173.3M
Cash	338.2M	386.3M	533.9M	734.7M	887.9M	498.0M
Net Receivables	842.1M	738.7M	1.1B	907.6M	890.2M	679.0M
Inventory	886.9M	842.5M	1.1B	1.2B	1.1B	824.7M
Other Current Assets	449.2M	528.6M	442.6M	340.1M	8.0M	7.6M
Total Liab	1.1B	988.6M	1.2B	1.4B	1.1B	1.0B
Intangible Assets	155.3M	151.4M	147.5M	143.6M	138.4M	129.1M
Property Plant Equipment	855.1M	941.0M	946.5M	904.9M	1.0B	793.9M
Other Liab	166.4M	169.1M	165.4M	155.7M	179.0M	141.9M
Other Assets	7.5M	30.9M	45.0M	61.6M	70.9M	74.4M
Net Tangible Assets	2.3B	2.7B	2.9B	2.9B	3.3B	2.6B
Total Current Assets	2.7B	2.9B	3.3B	3.6B	3.6B	2.9B
Non Current Assets Total	1.0B	1.1B	1.2B	1.1B	1.1B	952.5M
Non Currrent Assets Other	1.3M	15.5M	26.6M	32.0M	29.1M	27.7M
Non Current Liabilities Total	166.4M	169.1M	183.7M	168.2M	157.4M	183.1M
Short Long Term Debt	344.5M	180.2M	373.1M	652.1M	305.1M	377.7M
Net Invested Capital	2.8B	3.0B	3.4B	3.7B	3.7B	3.5B
Net Working Capital	1.7B	2.1B	2.3B	2.4B	2.7B	2.1B

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Other Information on Investing in Zhejiang Stock

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

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Zhejiang Total Current Assets vs Total Revenue Analysis

Total Current Assets vs Total Revenue

Total Current Assets vs Total Revenue Correlation Analysis

Correlation Coefficient

Total Current Assets

Total Revenue

Zhejiang Kingland fundamental ratios Correlations

Zhejiang Kingland Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Kingland fundamental ratios Accounts

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Other Information on Investing in Zhejiang Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Total Stockholder Equity	+ 0.97	Total Assets
Retained Earnings	+ 0.97	Total Stockholder Equity
Property Plant Equipment	+ 0.97	Common Stock
Retained Earnings	+ 0.96	Total Assets
Total Current Assets	+ 0.96	Retained Earnings

Non Currrent Assets Other	- 0.93	Total Current Assets
Non Currrent Assets Other	- 0.92	Other Assets
Non Current Assets Total	- 0.9	Total Current Assets
Non Currrent Assets Other	- 0.9	Net Tangible Assets
Non Currrent Assets Other	- 0.89	Retained Earnings
Total Current Assets	- 0.88	Long Term Investments