Chongqing Long Term Investments vs Other Current Assets Analysis

002765 Stock   8.69  0.41  4.51%   
Chongqing Landai financial indicator trend analysis is way more than just evaluating Chongqing Landai Pow prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Landai Pow is a good investment. Please check the relationship between Chongqing Landai Long Term Investments and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Landai Powertrain. 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 Current Assets

Long Term Investments vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Landai Pow Long Term Investments account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Chongqing Landai's Long Term Investments and Other Current Assets is 0.76. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Chongqing Landai Powertrain, assuming nothing else is changed. The correlation between historical values of Chongqing Landai's Long Term Investments and Other 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 Long Term Investments of Chongqing Landai Powertrain are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Long Term Investments i.e., Chongqing Landai's Long Term Investments and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

Long Term Investments

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

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Chongqing Landai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Landai Pow 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 Chongqing Landai Powertrain. 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.
As of November 25, 2024, Selling General Administrative is expected to decline to about 77.4 M. The current year's Tax Provision is expected to grow to about (11.7 M)
 2021 2022 2023 2024 (projected)
Cost Of Revenue2.6B2.4B2.5B1.3B
Research Development125.9M131.2M130.3M136.8M

Chongqing Landai fundamental ratios Correlations

0.040.980.990.830.560.850.940.770.50.890.970.820.990.80.970.980.670.880.860.920.940.860.950.56-0.04
0.040.05-0.010.28-0.06-0.18-0.11-0.29-0.410.08-0.060.30.090.320.040.15-0.590.050.020.03-0.150.150.05-0.390.04
0.980.050.960.740.480.860.890.750.540.850.980.770.980.70.930.950.690.80.820.890.960.780.950.54-0.11
0.99-0.010.960.820.590.840.960.770.480.90.970.810.980.780.960.960.680.870.840.910.940.860.920.56-0.02
0.830.280.740.820.560.610.760.550.150.80.720.890.840.990.870.880.260.940.810.80.660.940.750.290.09
0.56-0.060.480.590.560.250.610.26-0.080.60.490.260.530.520.550.50.340.50.350.70.460.580.380.480.27
0.85-0.180.860.840.610.250.790.910.810.750.870.690.840.590.80.80.710.750.850.790.920.710.890.5-0.12
0.94-0.110.890.960.760.610.790.760.480.870.890.730.910.720.90.870.70.80.730.870.890.850.820.620.06
0.77-0.290.750.770.550.260.910.760.880.610.740.550.750.520.710.70.670.720.810.740.820.660.830.75-0.12
0.5-0.410.540.480.15-0.080.810.480.880.340.540.270.50.140.430.410.690.380.570.450.670.330.630.63-0.2
0.890.080.850.90.80.60.750.870.610.340.860.840.870.750.850.850.590.750.680.790.860.870.730.30.16
0.97-0.060.980.970.720.490.870.890.740.540.860.760.960.670.940.940.760.810.830.860.970.750.930.51-0.13
0.820.30.770.810.890.260.690.730.550.270.840.760.830.860.830.870.340.830.760.640.70.850.750.130.01
0.990.090.980.980.840.530.840.910.750.50.870.960.830.810.970.980.640.890.870.920.940.870.960.54-0.06
0.80.320.70.780.990.520.590.720.520.140.750.670.860.810.840.850.20.930.80.790.620.940.730.260.08
0.970.040.930.960.870.550.80.90.710.430.850.940.830.970.840.980.640.930.860.880.890.880.920.490.08
0.980.150.950.960.880.50.80.870.70.410.850.940.870.980.850.980.570.920.870.880.890.860.940.46-0.02
0.67-0.590.690.680.260.340.710.70.670.690.590.760.340.640.20.640.570.460.490.540.820.420.620.620.01
0.880.050.80.870.940.50.750.80.720.380.750.810.830.890.930.930.920.460.930.850.760.90.870.470.0
0.860.020.820.840.810.350.850.730.810.570.680.830.760.870.80.860.870.490.930.820.80.770.920.48-0.27
0.920.030.890.910.80.70.790.870.740.450.790.860.640.920.790.880.880.540.850.820.870.850.890.620.01
0.94-0.150.960.940.660.460.920.890.820.670.860.970.70.940.620.890.890.820.760.80.870.760.910.57-0.07
0.860.150.780.860.940.580.710.850.660.330.870.750.850.870.940.880.860.420.90.770.850.760.750.40.22
0.950.050.950.920.750.380.890.820.830.630.730.930.750.960.730.920.940.620.870.920.890.910.750.59-0.19
0.56-0.390.540.560.290.480.50.620.750.630.30.510.130.540.260.490.460.620.470.480.620.570.40.59-0.11
-0.040.04-0.11-0.020.090.27-0.120.06-0.12-0.20.16-0.130.01-0.060.080.08-0.020.010.0-0.270.01-0.070.22-0.19-0.11
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Chongqing Landai Account Relationship Matchups

Chongqing Landai fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.5B3.9B4.4B4.7B5.1B2.9B
Other Current Liab341.7M74.1M72.9M3.1M551.3K523.7K
Total Current Liabilities1.1B1.3B1.5B1.6B1.7B933.7M
Total Stockholder Equity1.5B1.8B2.0B2.2B2.4B1.4B
Other Liab780.2M740.8M592.2M543.5M625.0M426.4M
Retained Earnings204.1M208.5M418.6M575.0M111.2M105.6M
Accounts Payable498.8M843.1M1.0B933.9M1.3B1.4B
Cash286.7M452.6M489.9M650.8M675.4M347.7M
Other Assets158.3M180.8M177.9M493.2M567.2M595.5M
Net Receivables613.4M612.4M1.0B666.1M885.5M589.0M
Inventory409.7M546.2M736.7M646.3M759.7M399.4M
Other Current Assets69.4M62.9M57.0M27.2M80.1M42.8M
Total Liab2.0B2.1B2.3B2.4B2.7B1.5B
Intangible Assets362.8M346.5M273.8M261.9M278.4M238.4M
Common Stock481.5M575.2M582.6M583.0M670.5M377.5M
Property Plant Equipment779.0M1.1B1.1B1.1B1.3B759.5M
Net Tangible Assets943.9M656.7M980.6M1.3B1.5B1.0B
Deferred Long Term Liab36.4M44.2M32.9M38.0M43.7M31.6M
Short Long Term Debt238M287.2M304.2M437.1M240.9M255.6M
Total Current Assets1.4B1.8B2.3B2.2B2.5B1.8B
Non Current Assets Total2.1B2.2B2.1B2.5B2.6B2.0B
Non Currrent Assets Other50.3M30.8M31.6M341.5M203.5M123.6M
Non Current Liabilities Total825.2M800.3M773.9M860.2M964.2M820.9M
Common Stock Shares Outstanding421.3M481.5M575.2M583.0M655.8M584.7M
Net Invested Capital1.8B2.2B2.5B2.9B3.1B2.4B
Net Working Capital245.8M487.3M806.9M652.1M773.7M673.9M
Capital Stock481.5M575.2M582.6M583.0M655.8M604.9M

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Other Information on Investing in Chongqing Stock

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