Changzhou Long Term Investments vs Other Assets Analysis

002623 Stock

14.54 0.32 2.15%

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

Long Term Investments vs Other Assets

Long Term Investments vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changzhou Almaden Long Term Investments account and Other Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Changzhou Almaden's Long Term Investments and Other Assets is -0.47. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Other Assets in the same time period over historical financial statements of Changzhou Almaden Co, assuming nothing else is changed. The correlation between historical values of Changzhou Almaden's Long Term Investments and Other 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 Long Term Investments of Changzhou Almaden Co are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Long Term Investments i.e., Changzhou Almaden's Long Term Investments and Other Assets go up and down completely randomly.

Correlation Coefficient

-0.47

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of Changzhou Almaden balance sheet that represents investments Changzhou Almaden intends to hold for over a year. Changzhou Almaden Co long term investments may include different instruments such as stocks, bonds, real estate and cash.

Other Assets

Most indicators from Changzhou Almaden's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changzhou Almaden 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 Changzhou Almaden Co. 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 42.7 M, whereas Tax Provision is projected to grow to (2.8 M).

	2022	2023	2024	2025 (projected)
Gross Profit	257.8M	275.8M	317.2M	236.0M
Research Development	102.0M	115.1M	132.4M	66.7M

Gross Profit Research Development

Changzhou Almaden fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Long Term Debt	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt
Total Assets		0.28	0.9	0.88	0.94	0.86	0.12	0.5	0.77	0.86	0.4	0.9	0.7	0.83	0.82	0.64	0.61	0.71	-0.12	0.19	-0.86	0.83	-0.52	0.27	-0.47	-0.07
Other Current Liab	0.28		0.52	-0.04	0.14	0.13	-0.04	0.66	0.25	0.28	0.7	0.53	0.32	-0.03	0.57	0.35	0.6	-0.24	0.29	0.59	-0.42	-0.01	0.14	0.77	0.03	0.74
Total Current Liabilities	0.9	0.52		0.61	0.76	0.85	-0.1	0.64	0.67	0.83	0.57	0.99	0.76	0.54	0.91	0.81	0.77	0.5	0.05	0.38	-0.94	0.71	-0.43	0.53	-0.47	0.18
Total Stockholder Equity	0.88	-0.04	0.61		0.94	0.71	0.37	0.24	0.66	0.75	0.12	0.58	0.5	0.98	0.51	0.37	0.23	0.79	-0.2	-0.12	-0.58	0.79	-0.56	-0.02	-0.47	-0.31
Retained Earnings	0.94	0.14	0.76	0.94		0.79	0.19	0.39	0.77	0.84	0.17	0.74	0.71	0.9	0.67	0.61	0.4	0.71	-0.04	-0.03	-0.71	0.79	-0.59	0.09	-0.51	-0.19
Accounts Payable	0.86	0.13	0.85	0.71	0.79		-0.02	0.43	0.59	0.81	0.33	0.83	0.7	0.63	0.72	0.69	0.57	0.67	-0.12	0.2	-0.86	0.83	-0.65	0.24	-0.6	-0.16
Cash	0.12	-0.04	-0.1	0.37	0.19	-0.02		0.03	-0.12	-0.11	0.11	-0.13	-0.24	0.48	-0.1	-0.4	-0.22	0.01	0.17	0.07	0.16	-0.01	0.07	0.05	0.04	0.15
Other Assets	0.5	0.66	0.64	0.24	0.39	0.43	0.03		0.42	0.45	0.76	0.64	0.58	0.3	0.73	0.46	0.6	-0.12	0.13	0.63	-0.47	0.08	0.13	0.74	-0.02	0.59
Net Receivables	0.77	0.25	0.67	0.66	0.77	0.59	-0.12	0.42		0.58	0.18	0.72	0.66	0.66	0.72	0.51	0.66	0.44	-0.23	0.04	-0.69	0.52	-0.39	-0.01	-0.2	-0.21
Inventory	0.86	0.28	0.83	0.75	0.84	0.81	-0.11	0.45	0.58		0.33	0.79	0.81	0.66	0.76	0.71	0.47	0.63	-0.17	0.19	-0.76	0.74	-0.49	0.3	-0.52	-0.08
Other Current Assets	0.4	0.7	0.57	0.12	0.17	0.33	0.11	0.76	0.18	0.33		0.58	0.28	0.17	0.61	0.17	0.59	-0.07	-0.01	0.68	-0.45	0.11	0.18	0.83	0.02	0.63
Total Liab	0.9	0.53	0.99	0.58	0.74	0.83	-0.13	0.64	0.72	0.79	0.58		0.75	0.52	0.94	0.76	0.85	0.48	-0.02	0.44	-0.94	0.68	-0.37	0.49	-0.38	0.17
Intangible Assets	0.7	0.32	0.76	0.5	0.71	0.7	-0.24	0.58	0.66	0.81	0.28	0.75		0.47	0.77	0.76	0.58	0.28	-0.01	0.32	-0.64	0.42	-0.25	0.31	-0.27	0.09
Common Stock	0.83	-0.03	0.54	0.98	0.9	0.63	0.48	0.3	0.66	0.66	0.17	0.52	0.47		0.51	0.26	0.22	0.65	-0.2	-0.07	-0.5	0.66	-0.45	0.0	-0.37	-0.26
Property Plant Equipment	0.82	0.57	0.91	0.51	0.67	0.72	-0.1	0.73	0.72	0.76	0.61	0.94	0.77	0.51		0.67	0.88	0.26	-0.09	0.56	-0.86	0.46	-0.2	0.48	-0.22	0.2
Other Liab	0.64	0.35	0.81	0.37	0.61	0.69	-0.4	0.46	0.51	0.71	0.17	0.76	0.76	0.26	0.67		0.51	0.37	0.29	0.09	-0.75	0.55	-0.5	0.38	-0.58	0.08
Long Term Debt	0.61	0.6	0.77	0.23	0.4	0.57	-0.22	0.6	0.66	0.47	0.59	0.85	0.58	0.22	0.88	0.51		0.12	-0.15	0.65	-0.76	0.32	-0.05	0.41	0.03	0.27
Net Tangible Assets	0.71	-0.24	0.5	0.79	0.71	0.67	0.01	-0.12	0.44	0.63	-0.07	0.48	0.28	0.65	0.26	0.37	0.12		-0.32	-0.28	-0.53	0.95	-0.69	-0.17	-0.54	-0.49
Other Stockholder Equity	-0.12	0.29	0.05	-0.2	-0.04	-0.12	0.17	0.13	-0.23	-0.17	-0.01	-0.02	-0.01	-0.2	-0.09	0.29	-0.15	-0.32		-0.11	0.01	-0.18	-0.09	0.29	-0.28	0.45
Deferred Long Term Liab	0.19	0.59	0.38	-0.12	-0.03	0.2	0.07	0.63	0.04	0.19	0.68	0.44	0.32	-0.07	0.56	0.09	0.65	-0.28	-0.11		-0.23	-0.14	0.52	0.62	0.44	0.67
Long Term Investments	-0.86	-0.42	-0.94	-0.58	-0.71	-0.86	0.16	-0.47	-0.69	-0.76	-0.45	-0.94	-0.64	-0.5	-0.86	-0.75	-0.76	-0.53	0.01	-0.23		-0.75	0.61	-0.33	0.6	0.06
Total Current Assets	0.83	-0.01	0.71	0.79	0.79	0.83	-0.01	0.08	0.52	0.74	0.11	0.68	0.42	0.66	0.46	0.55	0.32	0.95	-0.18	-0.14	-0.75		-0.78	0.03	-0.66	-0.35
Non Current Assets Total	-0.52	0.14	-0.43	-0.56	-0.59	-0.65	0.07	0.13	-0.39	-0.49	0.18	-0.37	-0.25	-0.45	-0.2	-0.5	-0.05	-0.69	-0.09	0.52	0.61	-0.78		0.22	0.91	0.57
Non Currrent Assets Other	0.27	0.77	0.53	-0.02	0.09	0.24	0.05	0.74	-0.01	0.3	0.83	0.49	0.31	0.0	0.48	0.38	0.41	-0.17	0.29	0.62	-0.33	0.03	0.22		-0.05	0.83
Non Current Liabilities Total	-0.47	0.03	-0.47	-0.47	-0.51	-0.6	0.04	-0.02	-0.2	-0.52	0.02	-0.38	-0.27	-0.37	-0.22	-0.58	0.03	-0.54	-0.28	0.44	0.6	-0.66	0.91	-0.05		0.37
Short Long Term Debt	-0.07	0.74	0.18	-0.31	-0.19	-0.16	0.15	0.59	-0.21	-0.08	0.63	0.17	0.09	-0.26	0.2	0.08	0.27	-0.49	0.45	0.67	0.06	-0.35	0.57	0.83	0.37

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Changzhou Almaden Account Relationship Matchups

Changzhou Almaden fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	4.1B	4.9B	5.0B	5.3B	6.1B	3.4B
Other Current Liab	116.4M	59.4M	573.5K	952.6K	1.1M	1.0M
Total Current Liabilities	1.5B	1.3B	1.4B	1.5B	1.7B	914.7M
Total Stockholder Equity	2.3B	3.3B	3.2B	3.2B	3.7B	2.2B
Retained Earnings	607.6M	661.6M	648.4M	685.9M	788.7M	470.5M
Accounts Payable	701.6M	807.5M	880.2M	855.0M	983.2M	1.0B
Cash	836.5M	745.9M	752.8M	638.4M	734.2M	702.1M
Other Assets	126.5M	105.9M	117.1M	78.2M	89.9M	91.6M
Net Receivables	471.4M	499.0M	651.7M	801.8M	922.1M	517.3M
Inventory	129.7M	251.6M	185.4M	165.2M	190.0M	117.4M
Other Current Assets	101.4M	109.3M	65.9M	95.2M	109.5M	102.0M
Total Liab	1.7B	1.6B	1.7B	2.0B	2.3B	1.2B
Intangible Assets	140.4M	140.0M	144.8M	140.8M	161.9M	115.7M
Property Plant Equipment	2.1B	1.9B	1.3B	1.5B	1.8B	1.2B
Other Liab	34.5M	40.3M	55.9M	38.2M	43.9M	31.9M
Net Tangible Assets	2.1B	2.0B	2.2B	3.1B	3.6B	2.4B
Other Stockholder Equity	4.4M	(17.7M)	92.8M	(15.6M)	(17.9M)	(17.0M)
Deferred Long Term Liab	36.6M	13.8M	11.9M	21.0M	18.9M	24.9M
Total Current Assets	2.3B	3.1B	3.0B	3.1B	3.5B	2.4B
Non Current Assets Total	1.8B	1.8B	2.0B	2.2B	2.0B	1.8B
Non Currrent Assets Other	44.3M	11.2M	15.9M	11.2M	10.1M	9.6M
Non Current Liabilities Total	187.8M	281.2M	354.7M	533.9M	480.5M	376.7M
Short Long Term Debt	629.3M	424.0M	421.4M	495.4M	445.8M	436.6M
Net Invested Capital	3.0B	3.8B	3.8B	4.1B	4.7B	3.8B
Net Working Capital	757.5M	1.7B	1.6B	1.6B	1.9B	1.0B
Property Plant And Equipment Net	1.3B	1.5B	1.6B	1.8B	2.1B	1.8B
Short Term Investments	66.0M	905.7M	620.3M	633.3M	728.2M	508.9M
Property Plant And Equipment Gross	2.1B	2.5B	2.7B	3.0B	3.5B	2.9B

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Other Information on Investing in Changzhou Stock

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

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Changzhou Long Term Investments vs Other Assets Analysis

Long Term Investments vs Other Assets

Long Term Investments vs Other Assets Correlation Analysis

Correlation Coefficient

Long Term Investments

Other Assets

Changzhou Almaden fundamental ratios Correlations

Changzhou Almaden Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Changzhou Almaden fundamental ratios Accounts

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Other Information on Investing in Changzhou Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Common Stock	+ 0.98	Total Stockholder Equity
Total Current Assets	+ 0.95	Net Tangible Assets
Retained Earnings	+ 0.94	Total Assets
Retained Earnings	+ 0.94	Total Stockholder Equity
Property Plant Equipment	+ 0.94	Total Liab

Long Term Investments	- 0.94	Total Liab
Long Term Investments	- 0.94	Total Current Liabilities
Long Term Investments	- 0.86	Property Plant Equipment
Long Term Investments	- 0.86	Accounts Payable
Long Term Investments	- 0.86	Total Assets
Non Current Assets Total	- 0.78	Total Current Assets