Dongfeng Total Stockholder Equity vs Non Current Assets Total Analysis

600006 Stock   7.23  0.13  1.77%   
Dongfeng Automobile financial indicator trend analysis is much more than just examining Dongfeng Automobile latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dongfeng Automobile is a good investment. Please check the relationship between Dongfeng Automobile Total Stockholder Equity and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Dongfeng Automobile 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 board of governors.

Total Stockholder Equity vs Non Current Assets Total

Total Stockholder Equity vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dongfeng Automobile Total Stockholder Equity account and Non Current Assets Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Dongfeng Automobile's Total Stockholder Equity and Non Current Assets Total is -0.63. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Dongfeng Automobile Co, assuming nothing else is changed. The correlation between historical values of Dongfeng Automobile's Total Stockholder Equity and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Dongfeng Automobile Co are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Stockholder Equity i.e., Dongfeng Automobile's Total Stockholder Equity and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

-0.63
Relationship DirectionNegative 
Relationship StrengthWeak

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Dongfeng Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dongfeng Automobile 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 Dongfeng Automobile 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 board of governors.
The current year's Tax Provision is expected to grow to about 2.8 M, whereas Selling General Administrative is forecasted to decline to about 490 M.
 2021 2022 2023 2024 (projected)
Other Operating Expenses117.7M135.8M122.2M132.0M
Gross Profit1.6B1.1B514.4M488.7M

Dongfeng Automobile fundamental ratios Correlations

0.520.970.740.60.670.960.570.590.650.380.730.260.980.430.910.31-0.29-0.010.14-0.030.140.120.19-0.10.09
0.520.490.10.3-0.060.370.240.480.180.030.360.390.520.090.470.810.450.1-0.28-0.28-0.3-0.33-0.410.54-0.28
0.970.490.650.530.590.990.40.460.750.340.730.170.990.420.850.32-0.24-0.090.030.070.190.060.22-0.080.17
0.740.10.650.550.960.680.830.650.280.450.610.320.640.330.84-0.3-0.720.260.73-0.110.140.630.46-0.630.11
0.60.30.530.550.570.490.420.350.290.80.170.60.570.620.570.11-0.450.280.29-0.15-0.090.270.34-0.17-0.06
0.67-0.060.590.960.570.630.750.490.290.490.490.180.570.440.71-0.43-0.80.090.69-0.060.230.580.47-0.650.15
0.960.370.990.680.490.630.390.450.780.310.730.120.970.360.840.22-0.3-0.090.080.130.240.130.29-0.180.24
0.570.240.40.830.420.750.390.7-0.160.330.510.340.430.170.68-0.12-0.460.290.66-0.320.020.450.22-0.38-0.29
0.590.480.460.650.350.490.450.70.030.130.60.340.49-0.120.660.2-0.120.320.44-0.580.090.220.15-0.10.0
0.650.180.750.280.290.290.78-0.160.030.140.32-0.010.720.390.520.18-0.18-0.26-0.250.380.15-0.060.09-0.070.48
0.380.030.340.450.80.490.310.330.130.140.040.560.340.730.42-0.15-0.630.420.4-0.12-0.130.40.53-0.290.14
0.730.360.730.610.170.490.730.510.60.320.040.090.71-0.030.710.23-0.150.050.23-0.160.410.170.35-0.19-0.03
0.260.390.170.320.60.180.120.340.34-0.010.560.090.180.220.530.12-0.320.820.41-0.07-0.510.520.22-0.25-0.22
0.980.520.990.640.570.570.970.430.490.720.340.710.180.420.850.38-0.19-0.090.010.030.160.020.18-0.020.13
0.430.090.420.330.620.440.360.17-0.120.390.73-0.030.220.420.36-0.03-0.49-0.030.020.030.030.040.05-0.010.05
0.910.470.850.840.570.710.840.680.660.520.420.710.530.850.360.15-0.440.330.41-0.01-0.040.430.27-0.330.06
0.310.810.32-0.30.11-0.430.22-0.120.20.18-0.150.230.120.38-0.030.150.72-0.16-0.68-0.19-0.15-0.68-0.480.8-0.29
-0.290.45-0.24-0.72-0.45-0.8-0.3-0.46-0.12-0.18-0.63-0.15-0.32-0.19-0.49-0.440.72-0.31-0.75-0.13-0.12-0.76-0.640.85-0.23
-0.010.1-0.090.260.280.09-0.090.290.32-0.260.420.050.82-0.09-0.030.33-0.16-0.310.63-0.18-0.350.710.41-0.38-0.08
0.14-0.280.030.730.290.690.080.660.44-0.250.40.230.410.010.020.41-0.68-0.750.63-0.20.030.910.64-0.820.08
-0.03-0.280.07-0.11-0.15-0.060.13-0.32-0.580.38-0.12-0.16-0.070.030.03-0.01-0.19-0.13-0.18-0.2-0.30.15-0.07-0.240.12
0.14-0.30.190.14-0.090.230.240.020.090.15-0.130.41-0.510.160.03-0.04-0.15-0.12-0.350.03-0.3-0.110.27-0.060.02
0.12-0.330.060.630.270.580.130.450.22-0.060.40.170.520.020.040.43-0.68-0.760.710.910.15-0.110.66-0.880.14
0.19-0.410.220.460.340.470.290.220.150.090.530.350.220.180.050.27-0.48-0.640.410.64-0.070.270.66-0.720.39
-0.10.54-0.08-0.63-0.17-0.65-0.18-0.38-0.1-0.07-0.29-0.19-0.25-0.02-0.01-0.330.80.85-0.38-0.82-0.24-0.06-0.88-0.72-0.29
0.09-0.280.170.11-0.060.150.24-0.290.00.480.14-0.03-0.220.130.050.06-0.29-0.23-0.080.080.120.020.140.39-0.29
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Dongfeng Automobile Account Relationship Matchups

Dongfeng Automobile fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.8B20.2B19.9B17.7B19.2B16.5B
Other Current Liab972.4M945.6M1.1B1.6B1.9B1.4B
Total Current Liabilities10.6B11.3B10.7B8.3B9.7B8.8B
Total Stockholder Equity7.4B7.8B8.0B8.2B8.3B6.4B
Other Liab540.5M612.8M662.7M675.3M776.6M815.4M
Retained Earnings4.8B5.2B5.4B5.6B4.7B3.2B
Accounts Payable8.8B9.5B8.6B6.5B7.8B7.0B
Cash3.6B5.5B5.8B6.2B5.7B4.0B
Other Assets520.8M570.9M591.9M655.1M753.3M487.2M
Net Receivables8.0B4.7B3.6B3.7B3.7B4.9B
Short Term Investments776M200M802.7M500.1M1.0B1.1B
Inventory2.3B2.5B2.3B1.5B2.0B1.9B
Other Current Assets279.5M145.8M247.4M498.1M1.1B1.1B
Total Liab11.1B12.1B11.6B9.2B10.6B9.4B
Intangible Assets420.4M398.6M387.4M383.8M424.5M276.1M
Property Plant Equipment2.0B2.2B2.1B1.9B2.2B3.0B
Net Tangible Assets7.0B7.4B7.6B7.8B9.0B7.4B
Other Stockholder Equity16.6M16.7M15.9M14.3M12.9M22.0M
Deferred Long Term Liab13.5M14.2M4.6M1.0M1.2M1.1M
Total Current Assets14.4B15.4B15.2B13.3B14.6B15.8B
Non Current Assets Total4.4B4.8B4.7B4.4B4.6B3.8B
Non Currrent Assets Other3.2K(648.7K)(760.3K)83.3M94.4M89.7M
Non Current Liabilities Total540.5M791.1M845.8M854.8M845.1M639.4M
Non Current Liabilities Other237.0M299.1M361.9M380.2M394.4M310.0M
Net Invested Capital7.4B7.8B8.0B8.2B8.3B8.4B
Net Working Capital3.9B4.1B4.4B5.0B4.9B4.6B

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Other Information on Investing in Dongfeng Stock

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