China Net Income vs Net Borrowings Analysis

600028 Stock

6.33 0.06 0.96%

China Petroleum financial indicator trend analysis is way more than just evaluating China Petroleum Chemical prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Petroleum Chemical is a good investment. Please check the relationship between China Petroleum Net Income and its Net Borrowings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Petroleum Chemical. 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.

Net Income vs Net Borrowings

Net Income vs Net Borrowings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Petroleum Chemical Net Income account and Net Borrowings. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between China Petroleum's Net Income and Net Borrowings is -0.25. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of China Petroleum Chemical, assuming nothing else is changed. The correlation between historical values of China Petroleum's Net Income and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of China Petroleum Chemical are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Net Income i.e., China Petroleum's Net Income and Net Borrowings go up and down completely randomly.

Correlation Coefficient

-0.25

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in China Petroleum Chemical financial statement analysis. It represents the amount of money remaining after all of China Petroleum Chemical operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Most indicators from China Petroleum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Petroleum Chemical 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 Petroleum Chemical. 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 26, 2024, Selling General Administrative is expected to decline to about 54.4 B. In addition to that, Tax Provision is expected to decline to about 13.9 B

	2021	2022	2023	2024 (projected)
Gross Profit	548.5B	523.5B	463.7B	487.0B
Total Revenue	2.7T	3.3T	3.1T	2.6T

Gross Profit Total Revenue

China Petroleum fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Retained Earnings	Intangible Assets
Total Assets		0.99	0.99	0.99	0.99	0.99	0.95	0.93	0.62	0.85	0.64	0.94	0.76	0.98	0.96	-0.97	0.99	0.7	0.96	0.77	0.98	0.89	0.98	0.99	0.2	0.44
Other Current Liab	0.99		0.99	0.97	0.98	0.98	0.96	0.93	0.6	0.86	0.58	0.91	0.77	0.98	0.95	-0.97	0.99	0.73	0.98	0.74	0.98	0.9	0.96	0.97	0.17	0.43
Total Current Liabilities	0.99	0.99		0.99	0.98	0.99	0.97	0.93	0.65	0.83	0.67	0.95	0.78	0.99	0.95	-0.97	0.99	0.7	0.95	0.79	0.99	0.89	0.98	0.97	0.23	0.48
Total Stockholder Equity	0.99	0.97	0.99		0.99	1.0	0.93	0.95	0.69	0.85	0.71	0.96	0.75	0.96	0.96	-0.97	0.97	0.65	0.92	0.77	0.98	0.87	1.0	0.97	0.21	0.47
Other Liab	0.99	0.98	0.98	0.99		0.99	0.93	0.95	0.7	0.85	0.68	0.95	0.76	0.96	0.97	-0.95	0.97	0.73	0.94	0.77	0.98	0.89	0.99	0.96	0.17	0.49
Net Tangible Assets	0.99	0.98	0.99	1.0	0.99		0.94	0.95	0.67	0.88	0.69	0.94	0.72	0.97	0.96	-0.97	0.98	0.66	0.94	0.77	0.98	0.88	0.99	0.98	0.16	0.44
Accounts Payable	0.95	0.96	0.97	0.93	0.93	0.94		0.9	0.55	0.82	0.57	0.85	0.7	0.99	0.87	-0.94	0.96	0.7	0.96	0.84	0.96	0.91	0.91	0.93	0.17	0.39
Cash	0.93	0.93	0.93	0.95	0.95	0.95	0.9		0.78	0.87	0.7	0.89	0.7	0.91	0.86	-0.93	0.9	0.59	0.88	0.79	0.95	0.86	0.95	0.88	0.14	0.42
Other Assets	0.62	0.6	0.65	0.69	0.7	0.67	0.55	0.78		0.62	0.87	0.73	0.47	0.59	0.62	-0.64	0.54	0.35	0.47	0.57	0.69	0.47	0.72	0.53	0.24	0.57
Long Term Debt	0.85	0.86	0.83	0.85	0.85	0.88	0.82	0.87	0.62		0.6	0.71	0.39	0.86	0.81	-0.88	0.84	0.47	0.83	0.6	0.81	0.67	0.88	0.86	-0.18	0.1
Net Receivables	0.64	0.58	0.67	0.71	0.68	0.69	0.57	0.7	0.87	0.6		0.74	0.41	0.62	0.61	-0.61	0.57	0.23	0.44	0.72	0.67	0.5	0.74	0.6	0.2	0.59
Good Will	0.94	0.91	0.95	0.96	0.95	0.94	0.85	0.89	0.73	0.71	0.74		0.86	0.89	0.93	-0.89	0.91	0.66	0.84	0.74	0.96	0.84	0.95	0.9	0.31	0.65
Short Term Investments	0.76	0.77	0.78	0.75	0.76	0.72	0.7	0.7	0.47	0.39	0.41	0.86		0.71	0.74	-0.69	0.76	0.67	0.73	0.59	0.82	0.81	0.71	0.69	0.44	0.73
Inventory	0.98	0.98	0.99	0.96	0.96	0.97	0.99	0.91	0.59	0.86	0.62	0.89	0.71		0.92	-0.97	0.99	0.71	0.96	0.81	0.97	0.89	0.95	0.97	0.16	0.41
Other Current Assets	0.96	0.95	0.95	0.96	0.97	0.96	0.87	0.86	0.62	0.81	0.61	0.93	0.74	0.92		-0.92	0.95	0.79	0.91	0.64	0.93	0.81	0.95	0.96	0.16	0.47
Other Stockholder Equity	-0.97	-0.97	-0.97	-0.97	-0.95	-0.97	-0.94	-0.93	-0.64	-0.88	-0.61	-0.89	-0.69	-0.97	-0.92		-0.96	-0.65	-0.93	-0.71	-0.96	-0.81	-0.96	-0.95	-0.13	-0.3
Total Liab	0.99	0.99	0.99	0.97	0.97	0.98	0.96	0.9	0.54	0.84	0.57	0.91	0.76	0.99	0.95	-0.96		0.73	0.98	0.75	0.97	0.91	0.96	0.99	0.18	0.41
Deferred Long Term Liab	0.7	0.73	0.7	0.65	0.73	0.66	0.7	0.59	0.35	0.47	0.23	0.66	0.67	0.71	0.79	-0.65	0.73		0.77	0.49	0.7	0.68	0.63	0.68	0.17	0.49
Long Term Investments	0.96	0.98	0.95	0.92	0.94	0.94	0.96	0.88	0.47	0.83	0.44	0.84	0.73	0.96	0.91	-0.93	0.98	0.77		0.72	0.94	0.92	0.91	0.96	0.14	0.35
Short Long Term Debt	0.77	0.74	0.79	0.77	0.77	0.77	0.84	0.79	0.57	0.6	0.72	0.74	0.59	0.81	0.64	-0.71	0.75	0.49	0.72		0.8	0.85	0.76	0.73	0.14	0.52
Total Current Assets	0.98	0.98	0.99	0.98	0.98	0.98	0.96	0.95	0.69	0.81	0.67	0.96	0.82	0.97	0.93	-0.96	0.97	0.7	0.94	0.8		0.91	0.97	0.94	0.24	0.52
Short Term Debt	0.89	0.9	0.89	0.87	0.89	0.88	0.91	0.86	0.47	0.67	0.5	0.84	0.81	0.89	0.81	-0.81	0.91	0.68	0.92	0.85	0.91		0.85	0.87	0.26	0.53
Common Stock	0.98	0.96	0.98	1.0	0.99	0.99	0.91	0.95	0.72	0.88	0.74	0.95	0.71	0.95	0.95	-0.96	0.96	0.63	0.91	0.76	0.97	0.85		0.97	0.16	0.46
Property Plant Equipment	0.99	0.97	0.97	0.97	0.96	0.98	0.93	0.88	0.53	0.86	0.6	0.9	0.69	0.97	0.96	-0.95	0.99	0.68	0.96	0.73	0.94	0.87	0.97		0.14	0.37
Retained Earnings	0.2	0.17	0.23	0.21	0.17	0.16	0.17	0.14	0.24	-0.18	0.2	0.31	0.44	0.16	0.16	-0.13	0.18	0.17	0.14	0.14	0.24	0.26	0.16	0.14		0.59
Intangible Assets	0.44	0.43	0.48	0.47	0.49	0.44	0.39	0.42	0.57	0.1	0.59	0.65	0.73	0.41	0.47	-0.3	0.41	0.49	0.35	0.52	0.52	0.53	0.46	0.37	0.59

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China Petroleum Account Relationship Matchups

China Petroleum fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8T	1.7T	1.9T	1.9T	2.0T	1.7T
Other Current Liab	209.3B	238.2B	281.0B	277.8B	319.5B	223.8B
Total Current Liabilities	580.0B	522.2B	641.3B	667.4B	647.1B	577.3B
Total Stockholder Equity	738.2B	741.5B	774.2B	784.7B	803.0B	744.4B
Other Liab	66.5B	72.6B	70.7B	70.6B	81.2B	68.0B
Net Tangible Assets	696.2B	701.0B	735.9B	750.2B	862.8B	691.3B
Accounts Payable	200.0B	161.7B	215.6B	269.4B	259B	207.7B
Cash	60.3B	87.6B	108.6B	93.4B	121.8B	98.1B
Other Assets	49.0B	67.7B	59.7B	64.8B	58.3B	65.5B
Long Term Debt	58.8B	83.8B	92.0B	108.0B	187.9B	109.7B
Net Receivables	88.7B	35.4B	34.9B	46.4B	48.7B	51.3B
Good Will	8.7B	8.6B	8.6B	6.5B	6.5B	7.7B
Short Term Investments	79.6B	109.2B	119.3B	55.1B	44.0B	67.1B
Inventory	194.1B	151.9B	207.4B	244.2B	250.9B	192.8B
Other Current Assets	33.1B	36.1B	32.7B	31.3B	36.0B	31.3B
Other Stockholder Equity	31.7B	32.9B	2.5B	6.4B	5.8B	5.5B
Total Liab	879.2B	850.9B	974.2B	1.0T	1.1T	850.2B
Deferred Long Term Liab	15.7B	8.9B	9.6B	10.0B	11.5B	6.7B
Long Term Investments	153.7B	189.9B	209.9B	234.7B	269.9B	158.5B
Short Long Term Debt	83.8B	29.0B	38.1B	66.3B	71.0B	58.0B
Total Current Assets	447.3B	455.4B	558.0B	523.1B	534.4B	479.1B
Property Plant Equipment	1.1T	980.4B	1.0T	1.1T	1.3T	920.9B
Retained Earnings	530.4B	531.6B	567.7B	576.8B	374.3B	409.8B
Intangible Assets	34.0B	31.9B	29.7B	28.0B	26.2B	24.2B
Non Current Assets Total	1.3T	1.3T	1.3T	1.4T	1.5T	1.4T
Non Currrent Assets Other	25.9B	34.0B	31.3B	34.1B	63.3B	35.2B
Non Current Liabilities Total	302.9B	328.8B	332.9B	345.0B	421.8B	309.0B
Non Current Liabilities Other	16.4B	19.0B	19.2B	15.0B	14.0B	14.7B
Net Debt	82.3B	25.3B	21.5B	80.9B	137.1B	71.7B
Net Invested Capital	880.7B	854.3B	904.3B	959.0B	1.1T	1.0T
Net Working Capital	(130.5B)	(66.8B)	(83.3B)	(144.2B)	(112.6B)	(118.3B)

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

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China Net Income vs Net Borrowings Analysis

Net Income vs Net Borrowings

Net Income vs Net Borrowings Correlation Analysis

Correlation Coefficient

Net Income

Net Borrowings

China Petroleum fundamental ratios Correlations

China Petroleum Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China Petroleum fundamental ratios Accounts

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Other Information on Investing in China Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Total Stockholder Equity
Common Stock	+ 1.0	Total Stockholder Equity
Other Current Liab	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Other Liab	+ 0.99	Total Assets

Other Stockholder Equity	- 0.97	Inventory
Other Stockholder Equity	- 0.97	Net Tangible Assets
Other Stockholder Equity	- 0.97	Total Stockholder Equity
Other Stockholder Equity	- 0.97	Total Current Liabilities
Other Stockholder Equity	- 0.97	Other Current Liab
Other Stockholder Equity	- 0.97	Total Assets