Chongqing Other Current Liab vs Net Receivables Analysis

300122 Stock   29.00  0.45  1.53%   
Chongqing Zhifei financial indicator trend analysis is way more than just evaluating Chongqing Zhifei Bio prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Zhifei Bio is a good investment. Please check the relationship between Chongqing Zhifei Other Current Liab and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Zhifei Bio. 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.

Other Current Liab vs Net Receivables

Other Current Liab vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Zhifei Bio Other Current Liab account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Chongqing Zhifei's Other Current Liab and Net Receivables is 0.94. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Chongqing Zhifei Bio, assuming nothing else is changed. The correlation between historical values of Chongqing Zhifei's Other Current Liab and Net Receivables 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 Current Liab of Chongqing Zhifei Bio are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Current Liab i.e., Chongqing Zhifei's Other Current Liab and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Other Current Liab

Net Receivables

Most indicators from Chongqing Zhifei's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Zhifei Bio 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 Zhifei Bio. 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 116.1 M, whereas Tax Provision is forecasted to decline to about 748.3 M.
 2021 2022 2023 2024 (projected)
Gross Profit15.0B12.9B13.9B14.6B
Total Revenue30.7B38.3B52.7B55.3B

Chongqing Zhifei fundamental ratios Correlations

0.910.991.00.970.98-0.581.01.00.940.990.880.950.941.00.190.90.990.87-0.560.991.00.990.780.990.81
0.910.880.930.840.86-0.540.930.890.850.870.620.820.850.940.240.730.840.85-0.440.870.920.90.640.880.71
0.990.880.990.970.98-0.540.980.990.930.990.90.950.930.990.150.90.990.86-0.61.00.990.980.790.990.85
1.00.930.990.970.97-0.611.00.990.940.980.850.950.941.00.220.90.980.88-0.530.991.00.990.760.980.79
0.970.840.970.970.99-0.540.960.970.890.990.920.950.890.960.230.940.980.89-0.610.980.970.970.850.990.79
0.980.860.980.970.99-0.470.970.970.881.00.910.940.880.970.20.930.980.89-0.630.980.970.980.851.00.84
-0.58-0.54-0.54-0.61-0.54-0.47-0.61-0.62-0.77-0.5-0.5-0.57-0.77-0.57-0.32-0.56-0.54-0.44-0.01-0.54-0.6-0.54-0.28-0.5-0.08
1.00.930.981.00.960.97-0.610.990.940.970.850.950.941.00.190.90.980.87-0.540.981.00.980.750.980.78
1.00.890.990.990.970.97-0.620.990.950.980.90.950.950.990.170.920.990.85-0.570.991.00.970.760.980.78
0.940.850.930.940.890.88-0.770.940.950.90.810.891.00.930.30.810.910.82-0.390.930.950.930.70.90.7
0.990.870.990.980.991.0-0.50.970.980.90.910.950.90.980.210.920.980.9-0.610.990.980.990.851.00.84
0.880.620.90.850.920.91-0.50.850.90.810.910.920.810.840.120.920.930.72-0.630.90.870.860.790.90.71
0.950.820.950.950.950.94-0.570.950.950.890.950.920.890.940.170.910.950.81-0.540.950.950.950.730.950.75
0.940.850.930.940.890.88-0.770.940.951.00.90.810.890.930.30.810.910.82-0.390.930.950.930.70.90.7
1.00.940.991.00.960.97-0.571.00.990.930.980.840.940.930.190.880.970.87-0.550.991.00.980.750.980.81
0.190.240.150.220.230.2-0.320.190.170.30.210.120.170.30.190.090.120.360.260.150.190.280.350.220.09
0.90.730.90.90.940.93-0.560.90.920.810.920.920.910.810.880.090.940.73-0.530.910.90.880.690.920.63
0.990.840.990.980.980.98-0.540.980.990.910.980.930.950.910.970.120.940.82-0.590.990.980.970.770.980.81
0.870.850.860.880.890.89-0.440.870.850.820.90.720.810.820.870.360.730.82-0.580.860.870.90.90.90.77
-0.56-0.44-0.6-0.53-0.61-0.63-0.01-0.54-0.57-0.39-0.61-0.63-0.54-0.39-0.550.26-0.53-0.59-0.58-0.6-0.55-0.51-0.68-0.61-0.61
0.990.871.00.990.980.98-0.540.980.990.930.990.90.950.930.990.150.910.990.86-0.60.990.980.790.990.84
1.00.920.991.00.970.97-0.61.01.00.950.980.870.950.951.00.190.90.980.87-0.550.990.980.760.980.81
0.990.90.980.990.970.98-0.540.980.970.930.990.860.950.930.980.280.880.970.9-0.510.980.980.820.990.84
0.780.640.790.760.850.85-0.280.750.760.70.850.790.730.70.750.350.690.770.9-0.680.790.760.820.840.77
0.990.880.990.980.991.0-0.50.980.980.91.00.90.950.90.980.220.920.980.9-0.610.990.980.990.840.84
0.810.710.850.790.790.84-0.080.780.780.70.840.710.750.70.810.090.630.810.77-0.610.840.810.840.770.84
Click cells to compare fundamentals

Chongqing Zhifei Account Relationship Matchups

Chongqing Zhifei fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.9B15.2B30.0B38.0B50.2B52.7B
Other Current Liab142.4K445.3K70.9M1.6B2.1B2.2B
Total Current Liabilities5.1B6.8B11.9B13.2B18.1B19.0B
Total Stockholder Equity5.7B8.2B17.7B24.2B31.5B33.1B
Other Liab123.1M150.1M270.5M299.1M344.0M361.2M
Property Plant And Equipment Net2.0B2.4B3.6B4.7B5.1B5.4B
Net Debt1.2B1.4B(3.5B)(588.9M)(3.3B)(3.1B)
Retained Earnings3.5B5.7B15.0B21.6B27.9B29.3B
Accounts Payable2.2B3.1B9.2B9.8B13.1B13.8B
Cash1.2B1.4B4.3B2.6B6.3B6.7B
Non Current Assets Total2.8B3.7B5.3B6.6B7.7B8.1B
Non Currrent Assets Other116.1M293.0M523.9M340.2M391.1M410.7M
Cash And Short Term Investments1.2B1.4B4.3B2.6B6.3B6.7B
Net Receivables4.5B6.7B13.1B20.7B27.1B28.4B
Liabilities And Stockholders Equity10.9B15.2B30.0B38.0B50.2B52.7B
Non Current Liabilities Total123.1M150.1M519.2M537.5M411.3M431.9M
Inventory2.5B3.4B7.4B8.0B9.0B9.4B
Other Current Assets335.4K5.0M587.8K45.4M121.1M127.2M
Other Stockholder Equity306.9M483.0M208.0M208.0M48.0M45.6M
Total Liab5.2B7.0B12.4B13.8B18.5B19.4B
Total Current Assets8.2B11.5B24.8B31.4B42.5B44.6B
Intangible Assets455.0M635.8M787.3M1.1B1.3B1.4B
Property Plant Equipment2.0B2.4B3.6B4.7B5.4B5.7B
Short Long Term Debt Total2.4B2.9B817.8M2.0B3.0B3.2B
Current Deferred Revenue465.4M857.7M2.1B9.1M125.4M119.1M
Short Term Debt2.4B2.9B569.1M1.8B2.7B2.8B
Short Term Investments(27.1M)(49.2M)(51.5M)(10.1M)(9.1M)(9.6M)
Net Tangible Assets5.5B8.0B17.3B23.9B27.4B28.8B
Deferred Long Term Liab240.7M402.8M485.0M732.0M841.8M883.9M
Short Long Term Debt2.4B2.9B568.9M1.8B2.6B1.5B
Non Current Liabilities Other3.0M3.5M3.8M4.4M5.0M3.6M
Net Invested Capital8.1B11.1B18.5B26.2B34.5B36.2B
Net Working Capital3.1B4.7B12.9B18.2B24.4B25.6B

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Other Information on Investing in Chongqing Stock

Balance Sheet is a snapshot of the financial position of Chongqing Zhifei Bio at a specified time, usually calculated after every quarter, six months, or one year. Chongqing Zhifei Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing Zhifei 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.