China Other Liab vs Other Assets Analysis
600007 Stock | 21.94 0.81 3.56% |
China World financial indicator trend analysis is way more than just evaluating China World Trade prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China World Trade is a good investment. Please check the relationship between China World Other Liab and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China World Trade. 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 Liab vs Other Assets
Other Liab vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China World Trade Other Liab account and Other Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between China World's Other Liab and Other Assets is -0.77. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Other Assets in the same time period over historical financial statements of China World Trade, assuming nothing else is changed. The correlation between historical values of China World's Other Liab and Other 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 Other Liab of China World Trade are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Other Liab i.e., China World's Other Liab and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.77 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Liab
Other Assets
Most indicators from China World's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China World Trade 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 China World Trade. 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 118.7 M, whereas Tax Provision is forecasted to decline to about 337.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 1.4B | 1.4B | 1.7B | 1.8B | Total Revenue | 3.6B | 3.4B | 4.0B | 2.0B |
China World fundamental ratios Correlations
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China World Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China World fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 11.8B | 12.1B | 12.7B | 12.8B | 12.9B | 9.6B | |
Total Stockholder Equity | 7.6B | 8.0B | 8.6B | 9.1B | 9.7B | 5.6B | |
Retained Earnings | 4.7B | 5.1B | 5.8B | 5.8B | 6.3B | 6.6B | |
Accounts Payable | 24.4M | 72.7M | 67.1M | 84.2M | 97.0M | 101.8M | |
Cash | 1.2B | 1.9B | 3.0B | 3.5B | 4.1B | 4.3B | |
Other Assets | 213.2M | 205.2M | 194.9M | 189.7M | 218.2M | 261.7M | |
Inventory | 32.8M | 34.0M | 32.7M | 32.1M | 32.3M | 22.5M | |
Total Liab | 4.2B | 4.1B | 4.1B | 3.7B | 3.2B | 4.0B | |
Property Plant Equipment | 9.4B | 9.4B | 9.0B | 8.6B | 9.9B | 7.7B | |
Long Term Debt | 2.7B | 2.6B | 2.1B | 2.1B | 1.1B | 2.1B | |
Intangible Assets | 510.3M | 494.7M | 479.2M | 463.8M | 448.3M | 872.5M | |
Other Current Liab | 1.4B | 1.2B | 1.2B | 39.3M | 35.7M | 33.9M | |
Total Current Liabilities | 1.6B | 1.4B | 1.9B | 1.6B | 2.1B | 1.5B | |
Net Tangible Assets | 6.4B | 7.1B | 7.5B | 8.2B | 9.4B | 7.0B | |
Net Receivables | 422.9M | 440.5M | 368.5M | 377.4M | 258.2M | 342.8M | |
Other Current Assets | 50.2M | 51.4M | 38.1M | 523.1K | 287.8K | 273.4K | |
Deferred Long Term Liab | 136.6M | 113.8M | 104.1M | 107.7M | 97.0M | 111.1M | |
Total Current Assets | 1.7B | 2.4B | 3.4B | 3.9B | 4.4B | 2.4B | |
Non Current Assets Total | 10.1B | 9.7B | 9.3B | 8.9B | 8.5B | 7.7B | |
Non Currrent Assets Other | 24.9M | 27.2M | 30.1M | 31.9M | 37.0M | 35.1M | |
Non Current Liabilities Total | 2.7B | 2.6B | 2.2B | 2.1B | 1.1B | 1.8B | |
Net Invested Capital | 10.2B | 10.7B | 10.8B | 11.2B | 10.8B | 11.3B | |
Net Working Capital | 152.1M | 952.9M | 1.5B | 2.4B | 2.4B | 2.5B |
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Other Information on Investing in China Stock
Balance Sheet is a snapshot of the financial position of China World Trade at a specified time, usually calculated after every quarter, six months, or one year. China World Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China World 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 China currently owns. An asset can also be divided into two categories, current and non-current.