Xiamen Other Assets vs Other Current Liab Analysis

002803 Stock   14.81  0.62  4.02%   
Xiamen Jihong financial indicator trend analysis is more than just analyzing Xiamen Jihong Package current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen Jihong Package is a good investment. Please check the relationship between Xiamen Jihong Other Assets and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen Jihong Package. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Other Assets vs Other Current Liab

Other Assets vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiamen Jihong Package Other Assets account and Other Current Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between Xiamen Jihong's Other Assets and Other Current Liab is 0.32. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Xiamen Jihong Package, assuming nothing else is changed. The correlation between historical values of Xiamen Jihong's Other Assets and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Xiamen Jihong Package are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Other Assets i.e., Xiamen Jihong's Other Assets and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.32
Relationship DirectionPositive 
Relationship StrengthVery Weak

Other Assets

Other Current Liab

Most indicators from Xiamen Jihong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen Jihong Package 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 Xiamen Jihong Package. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
The current year's Selling General Administrative is expected to grow to about 2.7 B, whereas Tax Provision is forecasted to decline to about 41.3 M.
 2021 2022 2023 2024 (projected)
Operating Income294.9M322.8M436.1M233.9M
Total Revenue5.2B5.4B6.7B7.0B

Xiamen Jihong fundamental ratios Correlations

0.320.891.00.980.980.990.990.550.660.890.980.560.90.880.980.990.98-0.870.870.950.950.710.280.81-0.18
0.320.570.280.290.260.30.220.32-0.110.620.290.820.520.520.310.260.27-0.240.530.420.3-0.120.59-0.1-0.1
0.890.570.860.830.830.880.830.580.380.980.870.640.990.970.830.840.83-0.720.910.940.890.430.50.53-0.06
1.00.280.860.990.990.980.990.540.660.870.980.550.880.860.990.990.99-0.90.860.950.950.750.20.82-0.21
0.980.290.830.990.990.970.990.550.680.850.980.560.850.840.990.990.99-0.910.860.930.950.790.160.85-0.27
0.980.260.830.990.990.970.990.540.660.840.980.540.850.831.00.990.99-0.930.860.930.940.80.120.84-0.22
0.990.30.880.980.970.970.980.530.720.860.970.510.890.870.970.980.96-0.830.850.920.930.710.320.85-0.13
0.990.220.830.990.990.990.980.530.70.830.970.490.850.820.990.980.99-0.910.870.930.940.760.160.85-0.22
0.550.320.580.540.550.540.530.530.330.590.520.370.590.630.550.530.52-0.510.590.560.530.30.190.35-0.15
0.66-0.110.380.660.680.660.720.70.330.370.610.060.450.420.670.680.66-0.470.430.50.620.620.190.94-0.23
0.890.620.980.870.850.840.860.830.590.370.860.720.970.970.840.850.85-0.740.90.950.90.450.460.52-0.2
0.980.290.870.980.980.980.970.970.520.610.860.540.880.870.970.980.97-0.890.840.930.950.790.170.8-0.13
0.560.820.640.550.560.540.510.490.370.060.720.540.60.590.570.550.58-0.580.650.620.510.250.220.16-0.04
0.90.520.990.880.850.850.890.850.590.450.970.880.60.970.860.860.85-0.740.910.960.930.480.460.59-0.11
0.880.520.970.860.840.830.870.820.630.420.970.870.590.970.830.850.82-0.690.840.920.910.510.460.57-0.2
0.980.310.830.990.991.00.970.990.550.670.840.970.570.860.830.980.99-0.930.890.940.930.760.160.83-0.25
0.990.260.840.990.990.990.980.980.530.680.850.980.550.860.850.980.98-0.880.830.920.940.790.170.84-0.18
0.980.270.830.990.990.990.960.990.520.660.850.970.580.850.820.990.98-0.920.870.940.930.750.140.82-0.21
-0.87-0.24-0.72-0.9-0.91-0.93-0.83-0.91-0.51-0.47-0.74-0.89-0.58-0.74-0.69-0.93-0.88-0.92-0.87-0.87-0.84-0.760.13-0.680.23
0.870.530.910.860.860.860.850.870.590.430.90.840.650.910.840.890.830.87-0.870.940.870.460.30.57-0.25
0.950.420.940.950.930.930.920.930.560.50.950.930.620.960.920.940.920.94-0.870.940.960.60.280.66-0.21
0.950.30.890.950.950.940.930.940.530.620.90.950.510.930.910.930.940.93-0.840.870.960.740.220.78-0.28
0.71-0.120.430.750.790.80.710.760.30.620.450.790.250.480.510.760.790.75-0.760.460.60.74-0.330.82-0.24
0.280.590.50.20.160.120.320.160.190.190.460.170.220.460.460.160.170.140.130.30.280.22-0.330.060.01
0.81-0.10.530.820.850.840.850.850.350.940.520.80.160.590.570.830.840.82-0.680.570.660.780.820.06-0.26
-0.18-0.1-0.06-0.21-0.27-0.22-0.13-0.22-0.15-0.23-0.2-0.13-0.04-0.11-0.2-0.25-0.18-0.210.23-0.25-0.21-0.28-0.240.01-0.26
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Xiamen Jihong Account Relationship Matchups

Xiamen Jihong fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.4B2.8B2.9B3.2B3.6B3.8B
Other Current Liab95.1M125.8M178.9M943.1K3.7M3.5M
Total Current Liabilities920.1M972.9M950.7M995.4M1.0B650.9M
Total Stockholder Equity1.4B1.7B1.9B2.1B2.3B2.4B
Other Liab13.0M17.7M24.3M30.4M35.0M36.7M
Retained Earnings667.7M1.2B1.4B1.5B1.7B1.7B
Accounts Payable395.8M461.5M463.4M515.6M641.9M674.0M
Cash487.8M834.6M755.5M982.0M1.1B1.2B
Other Assets20.2M13.7M25.1M21.1M24.3M16.6M
Long Term Debt45.5M50.4M41.6M16.5M155.6M163.4M
Net Receivables487.0M476.6M541.6M472.0M480.6M320.5M
Inventory244.2M290.6M422.0M483.7M456.1M478.9M
Other Current Assets76.2M124.1M217.6M18.9M42.1M53.9M
Total Liab988.2M1.0B1.0B1.1B1.3B719.3M
Intangible Assets104.4M82.9M107.9M110.6M117.3M70.0M
Common Stock197.2M222.6M378.4M387.5M445.6M467.9M
Property Plant Equipment374.2M568.7M633.5M802.1M922.5M968.6M
Net Tangible Assets453.3M1.2B1.7B1.8B2.0B2.1B
Other Stockholder Equity579.0K954.3K(16.6M)(17.3M)(15.6M)(14.8M)
Deferred Long Term Liab7.8M6.7M15.7M11.1M12.8M7.8M
Total Current Assets1.6B2.0B1.9B2.1B2.3B1.5B
Non Current Assets Total845.5M818.1M1.0B1.1B1.3B912.7M
Non Currrent Assets Other8.5M1.5M327.8K78.4M90.2M94.7M
Non Current Liabilities Total68.1M68.3M77.2M109.9M256.7M269.6M
Short Long Term Debt349.5M341.8M200.0M295.4M96.0M91.2M
Net Invested Capital1.8B2.1B2.1B2.4B2.5B2.0B
Net Working Capital673.6M1.0B986.1M1.1B1.2B822.9M

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Other Information on Investing in Xiamen Stock

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