Zhejiang Retained Earnings vs Total Current Assets Analysis

002761 Stock

12.62 1.15 10.03%

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

Retained Earnings vs Total Current Assets Correlation Analysis

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

The correlation between Zhejiang Construction's Retained Earnings and Total Current Assets is 0.94. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Zhejiang Construction Investment, assuming nothing else is changed. The correlation between historical values of Zhejiang Construction's Retained Earnings and Total Current 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 Retained Earnings of Zhejiang Construction Investment are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Retained Earnings i.e., Zhejiang Construction's Retained Earnings and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very 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.

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.

Most indicators from Zhejiang Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Construction 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 Construction Investment. 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 285 M, whereas Tax Provision is forecasted to decline to about 238.9 M.

	2021	2022	2023	2024 (projected)
Operating Income	2.7B	2.5B	1.5B	1.1B
Total Revenue	95.3B	98.5B	92.6B	46.9B

Operating Income Total Revenue

Zhejiang Construction 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	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	Short Term Investments
Total Assets		0.5	0.86	0.98	-0.54	0.69	0.91	0.85	0.93	0.84	0.95	0.63	0.62	-0.52	0.83	0.67	1.0	0.21	0.1	0.67	0.86	0.0	0.75	0.7	0.76	-0.6
Other Current Liab	0.5		0.49	0.54	-0.1	0.18	0.55	0.42	0.45	0.33	0.45	0.52	0.4	-0.12	0.62	0.01	0.5	-0.22	0.2	0.3	0.49	0.26	0.18	0.07	0.22	-0.15
Total Current Liabilities	0.86	0.49		0.88	-0.65	0.78	0.94	0.99	0.71	0.91	0.84	0.78	0.6	-0.47	0.93	0.75	0.86	0.43	-0.08	0.87	1.0	-0.02	0.73	0.75	0.88	-0.78
Total Stockholder Equity	0.98	0.54	0.88		-0.56	0.75	0.96	0.88	0.86	0.87	0.93	0.63	0.56	-0.61	0.88	0.72	0.98	0.24	0.15	0.67	0.87	-0.11	0.78	0.71	0.79	-0.63
Other Liab	-0.54	-0.1	-0.65	-0.56		-0.8	-0.6	-0.63	-0.44	-0.84	-0.73	-0.75	-0.35	0.69	-0.62	-0.69	-0.54	-0.81	0.08	-0.81	-0.62	0.43	-0.35	-0.92	-0.85	0.92
Net Tangible Assets	0.69	0.18	0.78	0.75	-0.8		0.83	0.82	0.46	0.95	0.73	0.65	0.15	-0.82	0.78	0.86	0.68	0.71	0.17	0.83	0.76	-0.49	0.6	0.9	0.95	-0.9
Retained Earnings	0.91	0.55	0.94	0.96	-0.6	0.83		0.95	0.72	0.91	0.86	0.72	0.5	-0.62	0.96	0.76	0.91	0.32	0.11	0.76	0.94	-0.19	0.77	0.72	0.86	-0.72
Accounts Payable	0.85	0.42	0.99	0.88	-0.63	0.82	0.95		0.66	0.92	0.81	0.7	0.56	-0.52	0.91	0.8	0.85	0.42	-0.09	0.83	0.98	-0.09	0.78	0.76	0.91	-0.78
Cash	0.93	0.45	0.71	0.86	-0.44	0.46	0.72	0.66		0.67	0.92	0.52	0.63	-0.28	0.61	0.47	0.93	0.14	0.14	0.55	0.72	0.15	0.6	0.6	0.56	-0.44
Other Assets	0.84	0.33	0.91	0.87	-0.84	0.95	0.91	0.92	0.67		0.88	0.76	0.43	-0.72	0.87	0.83	0.84	0.64	0.06	0.9	0.9	-0.3	0.65	0.93	0.98	-0.91
Long Term Debt	0.95	0.45	0.84	0.93	-0.73	0.73	0.86	0.81	0.92	0.88		0.73	0.61	-0.56	0.8	0.65	0.95	0.39	0.13	0.75	0.84	-0.13	0.62	0.82	0.8	-0.71
Net Receivables	0.63	0.52	0.78	0.63	-0.75	0.65	0.72	0.7	0.52	0.76	0.73		0.47	-0.4	0.8	0.48	0.63	0.44	-0.03	0.86	0.78	-0.06	0.33	0.63	0.71	-0.74
Good Will	0.62	0.4	0.6	0.56	-0.35	0.15	0.5	0.56	0.63	0.43	0.61	0.47		-0.12	0.58	0.28	0.63	-0.08	-0.57	0.32	0.62	0.41	0.47	0.31	0.41	-0.27
Inventory	-0.52	-0.12	-0.47	-0.61	0.69	-0.82	-0.62	-0.52	-0.28	-0.72	-0.56	-0.4	-0.12		-0.62	-0.71	-0.51	-0.52	-0.1	-0.46	-0.43	0.55	-0.46	-0.7	-0.74	0.67
Other Current Assets	0.83	0.62	0.93	0.88	-0.62	0.78	0.96	0.91	0.61	0.87	0.8	0.8	0.58	-0.62		0.69	0.82	0.3	-0.03	0.76	0.92	-0.11	0.67	0.65	0.83	-0.72
Other Stockholder Equity	0.67	0.01	0.75	0.72	-0.69	0.86	0.76	0.8	0.47	0.83	0.65	0.48	0.28	-0.71	0.69		0.66	0.62	-0.13	0.71	0.72	-0.36	0.87	0.82	0.87	-0.84
Total Liab	1.0	0.5	0.86	0.98	-0.54	0.68	0.91	0.85	0.93	0.84	0.95	0.63	0.63	-0.51	0.82	0.66		0.21	0.1	0.67	0.86	0.01	0.75	0.7	0.76	-0.59
Deferred Long Term Liab	0.21	-0.22	0.43	0.24	-0.81	0.71	0.32	0.42	0.14	0.64	0.39	0.44	-0.08	-0.52	0.3	0.62	0.21		0.03	0.73	0.39	-0.47	0.19	0.82	0.68	-0.86
Long Term Investments	0.1	0.2	-0.08	0.15	0.08	0.17	0.11	-0.09	0.14	0.06	0.13	-0.03	-0.57	-0.1	-0.03	-0.13	0.1	0.03		0.02	-0.08	-0.47	-0.18	0.05	-0.08	0.04
Short Long Term Debt	0.67	0.3	0.87	0.67	-0.81	0.83	0.76	0.83	0.55	0.9	0.75	0.86	0.32	-0.46	0.76	0.71	0.67	0.73	0.02		0.86	-0.15	0.48	0.86	0.88	-0.92
Total Current Assets	0.86	0.49	1.0	0.87	-0.62	0.76	0.94	0.98	0.72	0.9	0.84	0.78	0.62	-0.43	0.92	0.72	0.86	0.39	-0.08	0.86		0.0	0.72	0.73	0.86	-0.76
Short Term Debt	0.0	0.26	-0.02	-0.11	0.43	-0.49	-0.19	-0.09	0.15	-0.3	-0.13	-0.06	0.41	0.55	-0.11	-0.36	0.01	-0.47	-0.47	-0.15	0.0		-0.07	-0.41	-0.3	0.39
Intangible Assets	0.75	0.18	0.73	0.78	-0.35	0.6	0.77	0.78	0.6	0.65	0.62	0.33	0.47	-0.46	0.67	0.87	0.75	0.19	-0.18	0.48	0.72	-0.07		0.54	0.65	-0.53
Common Stock	0.7	0.07	0.75	0.71	-0.92	0.9	0.72	0.76	0.6	0.93	0.82	0.63	0.31	-0.7	0.65	0.82	0.7	0.82	0.05	0.86	0.73	-0.41	0.54		0.92	-0.94
Property Plant Equipment	0.76	0.22	0.88	0.79	-0.85	0.95	0.86	0.91	0.56	0.98	0.8	0.71	0.41	-0.74	0.83	0.87	0.76	0.68	-0.08	0.88	0.86	-0.3	0.65	0.92		-0.92
Short Term Investments	-0.6	-0.15	-0.78	-0.63	0.92	-0.9	-0.72	-0.78	-0.44	-0.91	-0.71	-0.74	-0.27	0.67	-0.72	-0.84	-0.59	-0.86	0.04	-0.92	-0.76	0.39	-0.53	-0.94	-0.92

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Zhejiang Construction Account Relationship Matchups

Zhejiang Construction fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	79.3B	86.8B	99.2B	111.1B	121.7B	63.7B
Other Current Liab	9.3B	12.4B	16.6B	20.9B	5.1B	4.8B
Total Current Liabilities	62.8B	68.2B	79.2B	90.8B	99.1B	61.5B
Total Stockholder Equity	4.6B	5.8B	6.7B	8.3B	7.8B	4.4B
Other Liab	250.1M	266.6M	227.9M	482.3M	434.1M	400.6M
Net Tangible Assets	3.7B	5.0B	5.8B	5.9B	6.7B	4.1B
Retained Earnings	2.0B	2.8B	3.7B	4.4B	4.2B	2.4B
Accounts Payable	34.6B	36.9B	44.5B	61.5B	68.7B	36.2B
Cash	9.3B	9.0B	7.5B	7.6B	9.2B	5.8B
Other Assets	15.6B	18.8B	21.0B	21.3B	24.5B	12.4B
Long Term Debt	10.4B	10.9B	11.3B	9.5B	10.9B	6.3B
Net Receivables	33.8B	27.6B	60.1B	29.2B	26.2B	27.3B
Good Will	177.8M	196.1M	182.8M	176.7M	190.5M	176.4M
Inventory	14.9B	1.3B	1.3B	1.1B	4.2B	6.5B
Other Current Assets	1.9B	3.7B	5.2B	5.3B	4.4B	3.0B
Other Stockholder Equity	794.9M	992.3M	993.2M	1.9B	2.2B	2.3B
Total Liab	73.3B	79.4B	90.8B	100.9B	111.5B	58.3B
Deferred Long Term Liab	70.8M	74.7M	59.7M	57.0M	65.6M	67.6M
Short Long Term Debt	7.3B	5.7B	8.1B	6.0B	7.6B	5.0B
Total Current Assets	60.0B	64.1B	74.1B	82.8B	92.5B	58.6B
Intangible Assets	640.8M	658.1M	724.5M	2.3B	2.3B	2.4B
Property Plant Equipment	2.4B	2.7B	2.9B	3.1B	3.6B	2.4B
Non Current Assets Total	19.3B	22.7B	25.1B	28.3B	29.2B	17.3B
Non Currrent Assets Other	24.3M	8.3B	7.3B	6.9B	7.3B	4.1B
Non Current Liabilities Total	10.6B	11.2B	11.6B	10.1B	12.4B	7.7B
Net Invested Capital	22.2B	22.4B	26.0B	23.8B	26.3B	19.2B
Net Working Capital	(2.7B)	(4.1B)	(5.1B)	(8.0B)	(6.6B)	(6.3B)
Net Debt	8.3B	7.6B	11.8B	7.8B	9.3B	9.1B
Non Current Liabilities Other	5.5M	10.8M	44.9M	29.2M	6.2M	5.9M

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Other Information on Investing in Zhejiang Stock

Balance Sheet is a snapshot of the financial position of Zhejiang Construction at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Construction Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Construction 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 Retained Earnings vs Total Current Assets Analysis

Retained Earnings vs Total Current Assets

Retained Earnings vs Total Current Assets Correlation Analysis

Correlation Coefficient

Retained Earnings

Total Current Assets

Zhejiang Construction fundamental ratios Correlations

Zhejiang Construction Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Construction fundamental ratios Accounts

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Other Information on Investing in Zhejiang Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Current Liabilities
Accounts Payable	+ 0.99	Total Current Liabilities
Total Stockholder Equity	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Stockholder Equity
Total Current Assets	+ 0.98	Accounts Payable

Short Term Investments	- 0.94	Common Stock
Short Term Investments	- 0.92	Property Plant Equipment
Short Term Investments	- 0.92	Short Long Term Debt
Common Stock	- 0.92	Other Liab
Short Term Investments	- 0.91	Other Assets
Short Term Investments	- 0.9	Net Tangible Assets