Dongjiang Net Tangible Assets vs Total Current Liabilities Analysis

002672 Stock

4.88 0.04 0.81%

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

Net Tangible Assets vs Total Current Liabilities

Net Tangible Assets vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dongjiang Environmental Net Tangible Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Dongjiang Environmental's Net Tangible Assets and Total Current Liabilities is 0.82. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Dongjiang Environmental Co, assuming nothing else is changed. The correlation between historical values of Dongjiang Environmental's Net Tangible Assets and Total Current Liabilities 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 Tangible Assets of Dongjiang Environmental Co are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Tangible Assets i.e., Dongjiang Environmental's Net Tangible Assets and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Total Current Liabilities

Total Current Liabilities is an item on Dongjiang Environmental balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Dongjiang Environmental Co are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Dongjiang Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dongjiang Environmental 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 Dongjiang Environmental 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 183.3 M, whereas Tax Provision is forecasted to decline to about 2.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	610.4M	161.7M	153.7M
Total Revenue	4.0B	3.9B	4.0B	3.7B

Gross Profit Total Revenue

Dongjiang Environmental fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		-0.64	0.82	0.97	0.85	0.94	0.75	0.93	-0.07	0.83	0.83	0.41	0.72	0.89	0.77	0.26	0.92	0.98	0.96	0.93	0.83	0.88	0.89	0.91	-0.34	0.97
Other Current Liab	-0.64		-0.36	-0.62	-0.65	-0.71	-0.3	-0.6	0.21	-0.77	-0.64	0.05	-0.17	-0.86	-0.65	0.08	-0.58	-0.64	-0.66	-0.61	-0.35	-0.59	-0.33	-0.61	0.72	-0.67
Total Current Liabilities	0.82	-0.36		0.88	0.45	0.82	0.88	0.88	0.03	0.52	0.39	0.59	0.9	0.73	0.34	0.24	0.87	0.73	0.71	0.76	0.82	0.71	0.85	0.78	-0.19	0.71
Total Stockholder Equity	0.97	-0.62	0.88		0.71	0.97	0.84	0.97	-0.05	0.78	0.68	0.5	0.82	0.88	0.6	0.24	0.95	0.9	0.93	0.94	0.89	0.83	0.9	0.93	-0.3	0.9
Other Liab	0.85	-0.65	0.45	0.71		0.74	0.34	0.62	-0.05	0.88	0.97	0.06	0.28	0.76	0.97	0.14	0.72	0.92	0.86	0.77	0.55	0.79	0.65	0.7	-0.35	0.94
Net Tangible Assets	0.94	-0.71	0.82	0.97	0.74		0.79	0.95	-0.11	0.85	0.7	0.52	0.71	0.9	0.64	0.27	0.96	0.88	0.95	0.94	0.81	0.81	0.82	0.9	-0.31	0.9
Retained Earnings	0.75	-0.3	0.88	0.84	0.34	0.79		0.87	-0.28	0.5	0.34	0.67	0.9	0.67	0.21	0.54	0.78	0.64	0.72	0.73	0.71	0.5	0.76	0.83	-0.01	0.62
Accounts Payable	0.93	-0.6	0.88	0.97	0.62	0.95	0.87		-0.05	0.69	0.63	0.64	0.84	0.85	0.54	0.35	0.91	0.85	0.88	0.93	0.85	0.8	0.86	0.87	-0.23	0.84
Cash	-0.07	0.21	0.03	-0.05	-0.05	-0.11	-0.28	-0.05		-0.33	-0.08	0.07	0.12	-0.26	-0.06	-0.59	0.01	-0.04	-0.22	0.07	0.31	0.33	0.24	-0.32	0.03	-0.06
Other Assets	0.83	-0.77	0.52	0.78	0.88	0.85	0.5	0.69	-0.33		0.81	0.14	0.31	0.87	0.8	0.28	0.79	0.83	0.93	0.78	0.51	0.63	0.56	0.84	-0.33	0.89
Long Term Debt	0.83	-0.64	0.39	0.68	0.97	0.7	0.34	0.63	-0.08	0.81		0.08	0.29	0.73	0.97	0.17	0.65	0.91	0.84	0.75	0.54	0.8	0.64	0.67	-0.37	0.91
Net Receivables	0.41	0.05	0.59	0.5	0.06	0.52	0.67	0.64	0.07	0.14	0.08		0.66	0.2	0.0	0.57	0.54	0.32	0.39	0.55	0.52	0.35	0.5	0.31	0.4	0.3
Good Will	0.72	-0.17	0.9	0.82	0.28	0.71	0.9	0.84	0.12	0.31	0.29	0.66		0.53	0.15	0.24	0.76	0.61	0.6	0.72	0.87	0.63	0.88	0.7	-0.05	0.56
Short Term Investments	0.89	-0.86	0.73	0.88	0.76	0.9	0.67	0.85	-0.26	0.87	0.73	0.2	0.53		0.71	0.2	0.82	0.86	0.88	0.82	0.62	0.72	0.65	0.9	-0.52	0.88
Inventory	0.77	-0.65	0.34	0.6	0.97	0.64	0.21	0.54	-0.06	0.8	0.97	0.0	0.15	0.71		0.1	0.58	0.87	0.78	0.65	0.45	0.76	0.53	0.59	-0.42	0.88
Other Current Assets	0.26	0.08	0.24	0.24	0.14	0.27	0.54	0.35	-0.59	0.28	0.17	0.57	0.24	0.2	0.1		0.26	0.23	0.37	0.31	0.0	-0.09	0.13	0.39	0.59	0.24
Other Stockholder Equity	0.92	-0.58	0.87	0.95	0.72	0.96	0.78	0.91	0.01	0.79	0.65	0.54	0.76	0.82	0.58	0.26		0.87	0.9	0.94	0.82	0.82	0.87	0.84	-0.2	0.87
Total Liab	0.98	-0.64	0.73	0.9	0.92	0.88	0.64	0.85	-0.04	0.83	0.91	0.32	0.61	0.86	0.87	0.23	0.87		0.94	0.89	0.76	0.9	0.85	0.84	-0.36	0.99
Deferred Long Term Liab	0.96	-0.66	0.71	0.93	0.86	0.95	0.72	0.88	-0.22	0.93	0.84	0.39	0.6	0.88	0.78	0.37	0.9	0.94		0.91	0.75	0.77	0.79	0.93	-0.25	0.97
Long Term Investments	0.93	-0.61	0.76	0.94	0.77	0.94	0.73	0.93	0.07	0.78	0.75	0.55	0.72	0.82	0.65	0.31	0.94	0.89	0.91		0.82	0.85	0.87	0.84	-0.14	0.9
Short Long Term Debt	0.83	-0.35	0.82	0.89	0.55	0.81	0.71	0.85	0.31	0.51	0.54	0.52	0.87	0.62	0.45	0.0	0.82	0.76	0.75	0.82		0.85	0.96	0.72	-0.23	0.76
Total Current Assets	0.88	-0.59	0.71	0.83	0.79	0.81	0.5	0.8	0.33	0.63	0.8	0.35	0.63	0.72	0.76	-0.09	0.82	0.9	0.77	0.85	0.85		0.87	0.64	-0.45	0.87
Short Term Debt	0.89	-0.33	0.85	0.9	0.65	0.82	0.76	0.86	0.24	0.56	0.64	0.5	0.88	0.65	0.53	0.13	0.87	0.85	0.79	0.87	0.96	0.87		0.77	-0.16	0.82
Intangible Assets	0.91	-0.61	0.78	0.93	0.7	0.9	0.83	0.87	-0.32	0.84	0.67	0.31	0.7	0.9	0.59	0.39	0.84	0.84	0.93	0.84	0.72	0.64	0.77		-0.25	0.87
Common Stock	-0.34	0.72	-0.19	-0.3	-0.35	-0.31	-0.01	-0.23	0.03	-0.33	-0.37	0.4	-0.05	-0.52	-0.42	0.59	-0.2	-0.36	-0.25	-0.14	-0.23	-0.45	-0.16	-0.25		-0.33
Property Plant Equipment	0.97	-0.67	0.71	0.9	0.94	0.9	0.62	0.84	-0.06	0.89	0.91	0.3	0.56	0.88	0.88	0.24	0.87	0.99	0.97	0.9	0.76	0.87	0.82	0.87	-0.33

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Dongjiang Environmental Account Relationship Matchups

Dongjiang Environmental fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.4B	10.4B	11.8B	11.7B	12.2B	11.0B
Other Current Liab	311.3M	262.8M	310.9M	293.5M	872.8K	829.1K
Total Current Liabilities	4.4B	3.6B	3.8B	3.5B	3.3B	3.8B
Total Stockholder Equity	4.3B	4.5B	4.6B	4.1B	4.5B	4.4B
Other Liab	183.2M	214.9M	283.6M	392.2M	451.1M	238.5M
Net Tangible Assets	2.0B	2.0B	2.1B	1.8B	2.1B	1.9B
Retained Earnings	3.0B	3.2B	3.3B	2.7B	1.7B	2.8B
Accounts Payable	786.3M	730.0M	840.0M	686.4M	715.8M	744.0M
Cash	1.1B	661.7M	550.4M	622.7M	1.2B	754.8M
Other Assets	563.2M	772.9M	770.0M	783.7M	901.2M	630.9M
Long Term Debt	769.7M	1.3B	2.3B	3.1B	3.4B	1.9B
Net Receivables	1.5B	1.1B	1.6B	1.1B	1.0B	1.0B
Good Will	1.3B	1.2B	1.2B	985.1M	848.3M	1.2B
Inventory	299.7M	267.1M	550.9M	649.7M	789.8M	453.0M
Other Current Assets	168.9M	198.1M	325.9M	294.1M	38.2K	36.3K
Other Stockholder Equity	22.5M	19.4M	17.9M	19.0M	21.8M	15.3M
Total Liab	5.4B	5.1B	6.4B	6.9B	7.1B	5.9B
Deferred Long Term Liab	57.8M	96.0M	116.6M	99.4M	114.3M	66.3M
Short Long Term Debt	1.7B	1.8B	1.9B	956.7M	2.2B	1.8B
Total Current Assets	3.0B	2.6B	3.0B	3.0B	3.7B	3.2B
Intangible Assets	1.1B	1.4B	1.3B	1.2B	1.2B	1.2B
Property Plant Equipment	4.2B	4.3B	5.3B	5.4B	6.2B	4.4B
Non Current Assets Total	7.4B	7.9B	8.8B	8.7B	8.5B	8.2B
Non Currrent Assets Other	114.8M	76.8M	146.3M	140.1M	126.1M	121.7M
Non Current Liabilities Total	963.6M	1.5B	2.6B	3.5B	3.8B	2.3B
Non Current Liabilities Other	780.3M	27.7M	83.0M	177.9M	160.1M	275.8M
Net Debt	1.4B	2.4B	3.7B	3.4B	4.3B	3.1B
Net Invested Capital	6.9B	7.6B	8.8B	8.1B	10.1B	8.8B
Net Working Capital	(1.4B)	(1.0B)	(828.2M)	(431.5M)	384.9M	404.1M
Capital Lease Obligations	10.7M	3.6M	3.5M	2.0M	10.1M	5.5M

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Other Information on Investing in Dongjiang Stock

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

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Dongjiang Net Tangible Assets vs Total Current Liabilities Analysis

Net Tangible Assets vs Total Current Liabilities

Net Tangible Assets vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Total Current Liabilities

Dongjiang Environmental fundamental ratios Correlations

Dongjiang Environmental Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Dongjiang Environmental fundamental ratios Accounts

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Other Information on Investing in Dongjiang Stock

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Property Plant Equipment	+ 0.99	Total Liab
Total Liab	+ 0.98	Total Assets
Total Stockholder Equity	+ 0.97	Total Assets
Property Plant Equipment	+ 0.97	Total Assets
Net Tangible Assets	+ 0.97	Total Stockholder Equity
Accounts Payable	+ 0.97	Total Stockholder Equity

Short Term Investments	- 0.86	Other Current Liab
Other Assets	- 0.77	Other Current Liab
Net Tangible Assets	- 0.71	Other Current Liab
Property Plant Equipment	- 0.67	Other Current Liab
Deferred Long Term Liab	- 0.66	Other Current Liab
Inventory	- 0.65	Other Current Liab