Changzhou Retained Earnings vs Common Stock Analysis

002623 Stock

16.80 0.79 4.49%

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 Retained Earnings and its Common Stock 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.

Retained Earnings vs Common Stock

Retained Earnings vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changzhou Almaden Retained Earnings account and Common Stock. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Changzhou Almaden's Retained Earnings and Common Stock is 0.89. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock 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 Retained Earnings and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Changzhou Almaden Co are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Retained Earnings i.e., Changzhou Almaden's Retained Earnings and Common Stock go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Common Stock

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 (2.5 M).

	2021	2022	2023	2024 (projected)
Gross Profit	168.9M	257.8M	275.8M	236.0M
Research Development	70.2M	102.0M	115.1M	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		0.39	0.9	0.86	0.93	0.94	0.13	0.58	0.79	0.87	0.44	0.89	0.71	0.81	0.86	0.65	0.6	0.62	-0.06	0.26	-0.87	0.78	-0.47	0.35	-0.48	0.02
Other Current Liab	0.39		0.6	0.03	0.23	0.3	-0.03	0.66	0.31	0.34	0.71	0.62	0.36	0.01	0.6	0.37	0.65	-0.2	0.27	0.59	-0.47	0.08	0.11	0.77	0.01	0.73
Total Current Liabilities	0.9	0.6		0.56	0.74	0.92	-0.11	0.69	0.64	0.81	0.59	0.99	0.76	0.49	0.92	0.81	0.76	0.42	0.11	0.44	-0.94	0.68	-0.38	0.59	-0.47	0.26
Total Stockholder Equity	0.86	0.03	0.56		0.93	0.74	0.4	0.3	0.71	0.73	0.13	0.52	0.48	0.97	0.52	0.34	0.16	0.71	-0.14	-0.07	-0.55	0.73	-0.51	0.03	-0.48	-0.25
Retained Earnings	0.93	0.23	0.74	0.93		0.84	0.21	0.46	0.79	0.84	0.18	0.7	0.71	0.89	0.69	0.61	0.36	0.62	0.04	0.02	-0.7	0.73	-0.55	0.15	-0.53	-0.11
Accounts Payable	0.94	0.3	0.92	0.74	0.84		-0.03	0.54	0.66	0.88	0.38	0.89	0.76	0.65	0.82	0.77	0.56	0.64	0.01	0.29	-0.87	0.81	-0.48	0.37	-0.54	0.02
Cash	0.13	-0.03	-0.11	0.4	0.21	-0.03		0.03	-0.11	-0.11	0.11	-0.14	-0.24	0.47	-0.11	-0.42	-0.23	-0.01	0.17	0.07	0.17	-0.02	0.08	0.06	0.04	0.16
Other Assets	0.58	0.66	0.69	0.3	0.46	0.54	0.03		0.39	0.49	0.76	0.69	0.6	0.33	0.75	0.47	0.63	-0.1	0.12	0.63	-0.5	0.13	0.12	0.74	-0.02	0.59
Net Receivables	0.79	0.31	0.64	0.71	0.79	0.66	-0.11	0.39		0.74	0.18	0.66	0.62	0.67	0.7	0.49	0.51	0.49	-0.26	0.02	-0.71	0.6	-0.49	-0.02	-0.39	-0.28
Inventory	0.87	0.34	0.81	0.73	0.84	0.88	-0.11	0.49	0.74		0.34	0.78	0.8	0.63	0.76	0.7	0.45	0.58	-0.13	0.23	-0.75	0.73	-0.45	0.33	-0.51	-0.03
Other Current Assets	0.44	0.71	0.59	0.13	0.18	0.38	0.11	0.76	0.18	0.34		0.6	0.29	0.16	0.6	0.16	0.6	-0.09	-0.01	0.69	-0.45	0.12	0.2	0.83	0.02	0.64
Total Liab	0.89	0.62	0.99	0.52	0.7	0.89	-0.14	0.69	0.66	0.78	0.6		0.75	0.47	0.95	0.76	0.84	0.39	0.03	0.5	-0.94	0.63	-0.32	0.55	-0.37	0.26
Intangible Assets	0.71	0.36	0.76	0.48	0.71	0.76	-0.24	0.6	0.62	0.8	0.29	0.75		0.43	0.77	0.75	0.57	0.22	0.02	0.35	-0.63	0.4	-0.21	0.33	-0.26	0.13
Common Stock	0.81	0.01	0.49	0.97	0.89	0.65	0.47	0.33	0.67	0.63	0.16	0.47	0.43		0.5	0.24	0.17	0.63	-0.17	-0.05	-0.47	0.61	-0.39	0.02	-0.34	-0.2
Property Plant Equipment	0.86	0.6	0.92	0.52	0.69	0.82	-0.11	0.75	0.7	0.76	0.6	0.95	0.77	0.5		0.67	0.88	0.24	-0.07	0.57	-0.86	0.47	-0.17	0.49	-0.21	0.24
Other Liab	0.65	0.37	0.81	0.34	0.61	0.77	-0.42	0.47	0.49	0.7	0.16	0.76	0.75	0.24	0.67		0.49	0.36	0.31	0.11	-0.75	0.57	-0.47	0.39	-0.56	0.12
Long Term Debt	0.6	0.65	0.76	0.16	0.36	0.56	-0.23	0.63	0.51	0.45	0.6	0.84	0.57	0.17	0.88	0.49		0.04	-0.12	0.69	-0.75	0.26	0.01	0.44	0.05	0.32
Net Tangible Assets	0.62	-0.2	0.42	0.71	0.62	0.64	-0.01	-0.1	0.49	0.58	-0.09	0.39	0.22	0.63	0.24	0.36	0.04		-0.29	-0.26	-0.5	0.91	-0.63	-0.14	-0.53	-0.43
Other Stockholder Equity	-0.06	0.27	0.11	-0.14	0.04	0.01	0.17	0.12	-0.26	-0.13	-0.01	0.03	0.02	-0.17	-0.07	0.31	-0.12	-0.29		-0.13	-0.02	-0.11	-0.14	0.28	-0.3	0.43
Deferred Long Term Liab	0.26	0.59	0.44	-0.07	0.02	0.29	0.07	0.63	0.02	0.23	0.69	0.5	0.35	-0.05	0.57	0.11	0.69	-0.26	-0.13		-0.26	-0.1	0.51	0.61	0.43	0.66
Long Term Investments	-0.87	-0.47	-0.94	-0.55	-0.7	-0.87	0.17	-0.5	-0.71	-0.75	-0.45	-0.94	-0.63	-0.47	-0.86	-0.75	-0.75	-0.5	-0.02	-0.26		-0.76	0.59	-0.36	0.59	0.01
Total Current Assets	0.78	0.08	0.68	0.73	0.73	0.81	-0.02	0.13	0.6	0.73	0.12	0.63	0.4	0.61	0.47	0.57	0.26	0.91	-0.11	-0.1	-0.76		-0.77	0.09	-0.72	-0.28
Non Current Assets Total	-0.47	0.11	-0.38	-0.51	-0.55	-0.48	0.08	0.12	-0.49	-0.45	0.2	-0.32	-0.21	-0.39	-0.17	-0.47	0.01	-0.63	-0.14	0.51	0.59	-0.77		0.2	0.92	0.54
Non Currrent Assets Other	0.35	0.77	0.59	0.03	0.15	0.37	0.06	0.74	-0.02	0.33	0.83	0.55	0.33	0.02	0.49	0.39	0.44	-0.14	0.28	0.61	-0.36	0.09	0.2		-0.06	0.83
Non Current Liabilities Total	-0.48	0.01	-0.47	-0.48	-0.53	-0.54	0.04	-0.02	-0.39	-0.51	0.02	-0.37	-0.26	-0.34	-0.21	-0.56	0.05	-0.53	-0.3	0.43	0.59	-0.72	0.92	-0.06		0.36
Short Long Term Debt	0.02	0.73	0.26	-0.25	-0.11	0.02	0.16	0.59	-0.28	-0.03	0.64	0.26	0.13	-0.2	0.24	0.12	0.32	-0.43	0.43	0.66	0.01	-0.28	0.54	0.83	0.36

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Changzhou Almaden Account Relationship Matchups

Changzhou Almaden fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.7B	4.1B	4.9B	5.0B	5.3B	3.4B
Other Current Liab	46.7M	116.4M	59.4M	573.5K	952.6K	905.0K
Total Current Liabilities	1.2B	1.5B	1.3B	1.4B	1.5B	914.7M
Total Stockholder Equity	2.1B	2.3B	3.3B	3.2B	3.2B	2.2B
Retained Earnings	469.8M	607.6M	661.6M	648.4M	685.9M	470.5M
Accounts Payable	472.3M	701.6M	807.5M	880.2M	855.0M	481.5M
Cash	254.4M	836.5M	745.9M	752.8M	638.4M	702.1M
Other Assets	126.5M	105.9M	117.1M	78.2M	89.9M	91.6M
Net Receivables	891.1M	471.4M	1.0B	651.7M	801.8M	554.7M
Inventory	127.6M	129.7M	251.6M	185.4M	165.2M	117.4M
Other Current Assets	121.1M	101.4M	109.3M	65.9M	95.2M	102.0M
Total Liab	1.6B	1.7B	1.6B	1.7B	2.0B	1.2B
Intangible Assets	144.4M	140.4M	140.0M	144.8M	140.8M	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
Long Term Debt	635.1M	404.6M	132.0M	162.3M	361.9M	299.8M
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	1.5B	2.3B	3.1B	3.0B	3.1B	2.4B
Non Current Assets Total	2.2B	1.8B	1.8B	2.0B	2.2B	1.8B
Non Currrent Assets Other	11.4M	44.3M	11.2M	15.9M	11.2M	10.7M
Non Current Liabilities Total	444.9M	187.8M	281.2M	354.7M	533.9M	376.7M
Short Long Term Debt	408.7M	629.3M	424.0M	421.4M	495.4M	436.6M
Non Current Liabilities Other	313M	142M	4.8M	14.9M	3.4M	3.2M
Net Invested Capital	2.6B	3.0B	3.8B	3.8B	4.1B	3.8B
Net Working Capital	324.7M	757.5M	1.7B	1.6B	1.6B	1.0B

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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 Retained Earnings vs Common Stock Analysis

Retained Earnings vs Common Stock

Retained Earnings vs Common Stock Correlation Analysis

Correlation Coefficient

Retained Earnings

Common Stock

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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Total Liab	+ 0.99	Total Current Liabilities
Common Stock	+ 0.97	Total Stockholder Equity
Property Plant Equipment	+ 0.95	Total Liab
Accounts Payable	+ 0.94	Total Assets
Retained Earnings	+ 0.93	Total Assets
Retained Earnings	+ 0.93	Total Stockholder Equity

Long Term Investments	- 0.94	Total Liab
Long Term Investments	- 0.94	Total Current Liabilities
Long Term Investments	- 0.87	Accounts Payable
Long Term Investments	- 0.87	Total Assets
Long Term Investments	- 0.86	Property Plant Equipment
Non Current Assets Total	- 0.77	Total Current Assets