China Cash vs Retained Earnings Analysis

600029 Stock   7.24  0.27  3.87%   
China Southern financial indicator trend analysis is way more than just evaluating China Southern Airlines prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Southern Airlines is a good investment. Please check the relationship between China Southern Cash and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Southern Airlines. 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.

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Southern Airlines Cash account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between China Southern's Cash and Retained Earnings is -0.21. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of China Southern Airlines, assuming nothing else is changed. The correlation between historical values of China Southern's Cash and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of China Southern Airlines are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash i.e., China Southern's Cash and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.21
Relationship DirectionNegative 
Relationship StrengthInsignificant

Cash

Cash refers to the most liquid asset of China Southern Airlines, which is listed under current asset account on China Southern Airlines balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from China Southern customers. The amounts must be unrestricted with restricted cash listed in a different China Southern account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from China Southern's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Southern Airlines 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 Southern Airlines. 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 7.9 B. The current year's Tax Provision is expected to grow to about 1.5 B
 2023 2024 (projected)
Non Recurring57.5M30.0M
Research Development511M293.4M

China Southern fundamental ratios Correlations

0.150.790.82-0.07-0.110.080.420.62-0.040.20.640.30.990.390.850.540.550.750.670.840.790.820.850.60.79
0.15-0.040.130.830.2-0.30.48-0.210.620.450.310.790.150.76-0.03-0.230.07-0.22-0.22-0.2-0.03-0.14-0.14-0.15-0.13
0.79-0.040.48-0.11-0.590.570.290.9-0.090.020.380.180.820.310.940.810.750.680.630.850.880.820.790.610.86
0.820.130.48-0.090.37-0.30.280.28-0.210.380.750.260.720.180.650.210.210.830.680.670.50.680.70.620.56
-0.070.83-0.11-0.090.04-0.120.29-0.160.580.30.140.89-0.060.86-0.09-0.140.15-0.27-0.18-0.26-0.19-0.22-0.22-0.21-0.16
-0.110.2-0.590.370.04-0.87-0.21-0.77-0.170.480.31-0.01-0.23-0.2-0.38-0.76-0.690.06-0.17-0.26-0.49-0.33-0.22-0.02-0.47
0.08-0.30.57-0.3-0.12-0.870.00.650.12-0.24-0.05-0.10.180.10.40.590.55-0.040.110.250.380.210.20.150.38
0.420.480.290.280.29-0.210.00.390.61-0.230.260.460.430.520.240.470.550.020.40.030.320.450.14-0.220.32
0.62-0.210.90.28-0.16-0.770.650.39-0.01-0.320.130.120.670.250.810.950.860.530.660.70.810.810.670.370.84
-0.040.62-0.09-0.210.58-0.170.120.61-0.010.190.210.510.00.58-0.1-0.010.29-0.54-0.2-0.45-0.23-0.27-0.35-0.47-0.17
0.20.450.020.380.30.48-0.24-0.23-0.320.190.660.30.150.240.18-0.49-0.210.13-0.160.06-0.18-0.240.020.31-0.15
0.640.310.380.750.140.31-0.050.260.130.210.660.310.580.330.560.00.250.450.380.340.160.290.330.320.3
0.30.790.180.260.89-0.01-0.10.460.120.510.30.310.30.950.210.110.360.050.140.080.160.150.140.060.17
0.990.150.820.72-0.06-0.230.180.430.670.00.150.580.30.420.850.590.610.690.630.830.810.810.830.570.8
0.390.760.310.180.86-0.20.10.520.250.580.240.330.950.420.30.240.490.010.140.140.250.210.190.030.24
0.85-0.030.940.65-0.09-0.380.40.240.81-0.10.180.560.210.850.30.710.710.80.730.880.780.810.830.690.88
0.54-0.230.810.21-0.14-0.760.590.470.95-0.01-0.490.00.110.590.240.710.810.480.720.640.770.830.640.320.8
0.550.070.750.210.15-0.690.550.550.860.29-0.210.250.360.610.490.710.810.310.590.460.570.630.410.10.79
0.75-0.220.680.83-0.270.06-0.040.020.53-0.540.130.450.050.690.010.80.480.310.80.90.660.830.850.790.72
0.67-0.220.630.68-0.18-0.170.110.40.66-0.2-0.160.380.140.630.140.730.720.590.80.720.560.870.690.520.77
0.84-0.20.850.67-0.26-0.260.250.030.7-0.450.060.340.080.830.140.880.640.460.90.720.850.860.950.840.83
0.79-0.030.880.5-0.19-0.490.380.320.81-0.23-0.180.160.160.810.250.780.770.570.660.560.850.860.880.640.83
0.82-0.140.820.68-0.22-0.330.210.450.81-0.27-0.240.290.150.810.210.810.830.630.830.870.860.860.850.570.85
0.85-0.140.790.7-0.22-0.220.20.140.67-0.350.020.330.140.830.190.830.640.410.850.690.950.880.850.850.82
0.6-0.150.610.62-0.21-0.020.15-0.220.37-0.470.310.320.060.570.030.690.320.10.790.520.840.640.570.850.61
0.79-0.130.860.56-0.16-0.470.380.320.84-0.17-0.150.30.170.80.240.880.80.790.720.770.830.830.850.820.61
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China Southern Account Relationship Matchups

China Southern fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets306.9B326.4B323.2B312.2B309.2B173.1B
Other Current Liab18.8B17.3B15.5B27.7B7.2B6.8B
Total Current Liabilities95.5B95.7B111.0B141.5B129.4B135.9B
Total Stockholder Equity64.1B69.6B67.9B41.3B36.8B33.9B
Other Liab6.4B6.9B7.2B8.0B9.2B7.4B
Retained Earnings25.6B14.7B2.6B(30.1B)(36.9B)(35.0B)
Accounts Payable1.7B1.7B1.4B14.4B20.0B21.0B
Cash1.8B25.4B21.5B19.9B9.9B8.9B
Other Assets4.9B10.7B16.5B15.1B17.4B18.3B
Long Term Debt13.6B38.1B38.4B34.4B50.5B32.4B
Net Receivables5.6B2.5B2.9B2.7B3.3B3.3B
Inventory2.0B2.0B1.7B1.4B1.6B1.5B
Other Current Assets5.9B6.4B9.6B6.5B7.4B4.1B
Total Liab229.6B241.3B238.7B256.9B257.2B131.2B
Property Plant Equipment273.7B263.7B255.4B250.6B288.2B302.6B
Short Term Investments313M704M0.03.2B3.6B3.8B
Intangible Assets3.7B5.5B6.6B5.5B6.6B7.0B
Net Tangible Assets60.2B63.2B61.1B34.5B39.7B50.0B
Deferred Long Term Liab652M887M768M624M717.6M738.5M
Long Term Investments7.6B6.6B6.6B7.3B8.4B6.0B
Short Long Term Debt37.5B40.1B57.9B85.3B51.4B40.9B
Total Current Assets16.7B39.0B37.9B32.8B27.7B25.2B
Other Stockholder Equity406M242M159M261M300.2M290.1M
Non Current Assets Total290.2B287.4B285.3B278.8B281.5B279.6B
Non Currrent Assets Other1.2B2.9B2.2B2.3B1.2B1.6B
Non Current Liabilities Total134.1B145.6B127.7B115.4B127.8B123.7B
Capital Lease Obligations134.1B121.2B102.7B94.8B69.2B99.6B
Net Debt49.3B52.8B74.8B99.9B92.0B71.9B
Net Invested Capital115.3B147.8B164.1B161.1B138.7B148.5B
Net Working Capital(78.8B)(56.7B)(73.1B)(108.0B)(101.7B)(106.8B)

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Other Information on Investing in China Stock

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