Beijing Total Stockholder Equity vs Other Current Assets Analysis

600055 Stock   17.43  0.62  3.69%   
Beijing Wandong financial indicator trend analysis is way more than just evaluating Beijing Wandong Medical prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Wandong Medical is a good investment. Please check the relationship between Beijing Wandong Total Stockholder Equity and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing Wandong Medical. 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.

Total Stockholder Equity vs Other Current Assets

Total Stockholder Equity vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Beijing Wandong Medical Total Stockholder Equity account and Other Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Beijing Wandong's Total Stockholder Equity and Other Current Assets is 0.55. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Beijing Wandong Medical, assuming nothing else is changed. The correlation between historical values of Beijing Wandong's Total Stockholder Equity and Other Current 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 Total Stockholder Equity of Beijing Wandong Medical are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Stockholder Equity i.e., Beijing Wandong's Total Stockholder Equity and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.55
Relationship DirectionPositive 
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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Beijing Wandong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Wandong Medical 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 Beijing Wandong Medical. 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 166.9 M. The current year's Tax Provision is expected to grow to about 26.9 M
 2021 2022 2023 2024 (projected)
Operating Income192.0M134.2M100.3M86.5M
Total Revenue1.2B1.1B1.2B790.6M

Beijing Wandong fundamental ratios Correlations

-0.390.31.00.910.580.960.75-0.680.080.650.550.360.070.96-0.810.920.99-0.190.060.820.910.77-0.72-0.680.63
-0.390.32-0.41-0.140.08-0.52-0.020.290.14-0.22-0.370.30.29-0.340.28-0.19-0.48-0.010.23-0.22-0.33-0.160.060.75-0.34
0.30.320.250.290.690.290.240.150.260.580.160.990.090.21-0.050.560.23-0.070.090.120.30.06-0.24-0.230.29
1.0-0.410.250.90.560.960.74-0.70.060.630.550.310.060.96-0.820.90.99-0.190.050.830.910.77-0.72-0.680.63
0.91-0.140.290.90.560.780.85-0.720.090.560.420.360.170.92-0.80.880.87-0.230.260.910.820.89-0.82-0.430.53
0.580.080.690.560.560.480.57-0.380.550.630.30.720.220.59-0.360.640.5-0.15-0.050.420.640.42-0.29-0.280.35
0.96-0.520.290.960.780.480.53-0.58-0.090.680.50.34-0.130.84-0.70.840.97-0.1-0.040.680.890.6-0.68-0.820.74
0.75-0.020.240.740.850.570.53-0.60.490.330.430.30.570.87-0.780.790.7-0.240.280.830.620.86-0.47-0.190.1
-0.680.290.15-0.7-0.72-0.38-0.58-0.60.05-0.47-0.310.120.1-0.750.73-0.45-0.680.13-0.28-0.75-0.63-0.760.60.28-0.29
0.080.140.260.060.090.55-0.090.490.05-0.160.220.270.720.23-0.030.230.01-0.18-0.150.080.010.160.440.11-0.33
0.65-0.220.580.630.560.630.680.33-0.47-0.160.420.59-0.320.57-0.520.620.65-0.190.230.540.750.45-0.65-0.530.57
0.55-0.370.160.550.420.30.50.43-0.310.220.420.180.010.58-0.410.570.57-0.740.010.60.420.5-0.24-0.390.28
0.360.30.990.310.360.720.340.30.120.270.590.180.130.27-0.090.610.28-0.090.070.170.360.12-0.3-0.250.35
0.070.290.090.060.170.22-0.130.570.10.72-0.320.010.130.22-0.160.240.010.04-0.160.080.010.140.190.31-0.4
0.96-0.340.210.960.920.590.840.87-0.750.230.570.580.270.22-0.890.870.94-0.230.120.880.840.85-0.65-0.510.41
-0.810.28-0.05-0.82-0.8-0.36-0.7-0.780.73-0.03-0.52-0.41-0.09-0.16-0.89-0.67-0.820.04-0.24-0.8-0.73-0.790.640.33-0.21
0.92-0.190.560.90.880.640.840.79-0.450.230.620.570.610.240.87-0.670.88-0.260.110.770.780.7-0.65-0.60.54
0.99-0.480.230.990.870.50.970.7-0.680.010.650.570.280.010.94-0.820.88-0.180.060.820.90.75-0.71-0.720.63
-0.19-0.01-0.07-0.19-0.23-0.15-0.1-0.240.13-0.18-0.19-0.74-0.090.04-0.230.04-0.26-0.18-0.31-0.5-0.14-0.460.130.0-0.17
0.060.230.090.050.26-0.05-0.040.28-0.28-0.150.230.010.07-0.160.12-0.240.110.06-0.310.47-0.040.52-0.230.13-0.2
0.82-0.220.120.830.910.420.680.83-0.750.080.540.60.170.080.88-0.80.770.82-0.50.470.720.98-0.71-0.370.39
0.91-0.330.30.910.820.640.890.62-0.630.010.750.420.360.010.84-0.730.780.9-0.14-0.040.720.66-0.74-0.620.73
0.77-0.160.060.770.890.420.60.86-0.760.160.450.50.120.140.85-0.790.70.75-0.460.520.980.66-0.64-0.280.29
-0.720.06-0.24-0.72-0.82-0.29-0.68-0.470.60.44-0.65-0.24-0.30.19-0.650.64-0.65-0.710.13-0.23-0.71-0.74-0.640.33-0.67
-0.680.75-0.23-0.68-0.43-0.28-0.82-0.190.280.11-0.53-0.39-0.250.31-0.510.33-0.6-0.720.00.13-0.37-0.62-0.280.33-0.7
0.63-0.340.290.630.530.350.740.1-0.29-0.330.570.280.35-0.40.41-0.210.540.63-0.17-0.20.390.730.29-0.67-0.7
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Beijing Wandong Account Relationship Matchups

Beijing Wandong fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6B2.9B2.9B5.3B5.4B5.7B
Other Current Liab95.7M184.3M88.2M111.7M35.3M33.6M
Total Current Liabilities354.8M447.8M328.4M492.1M525.5M416.9M
Total Stockholder Equity2.1B2.3B2.4B4.6B4.7B4.9B
Retained Earnings717.2M911.1M1.0B1.1B1.0B1.1B
Accounts Payable214.5M186.4M166.3M288.9M274.0M175.9M
Cash502.6M715.9M885.9M3.2B3.4B3.6B
Other Assets614.3M515.5M472.8M457.2M525.8M552.0M
Net Receivables536.4M155.4M200.6M312.2M268.7M268.0M
Inventory188.3M245.9M192.3M266.6M377.8M221.8M
Other Current Assets24.6M27.9M47.7M75.0M259.4M272.4M
Total Liab382.6M480.2M372.9M552.0M575.7M446.5M
Intangible Assets61.5M46.7M31.7M20.0M27.1M27.2M
Property Plant Equipment191.6M181.6M190.4M191.2M172.0M175.9M
Other Liab27.8M32.4M30.5M44.2M50.9M53.4M
Net Tangible Assets2.1B2.3B2.4B4.6B5.3B5.5B
Other Stockholder Equity(1.4M)(1.5M)(1.0M)(1.7M)(1.5M)(1.6M)
Deferred Long Term Liab41.4M40.4M26.2M21.5M24.7M28.1M
Total Current Assets1.5B1.9B1.9B4.3B4.4B2.3B
Non Current Assets Total1.1B994.7M1.0B996.3M992.5M1.0B
Non Currrent Assets Other180.1M34.5M46.1M48.3M49.6M84.2M
Short Term Investments233.5M450.2M246.5M100.4M3.6M3.4M
Non Current Liabilities Total27.8M32.4M44.6M59.9M50.2M43.1M
Net Invested Capital2.1B2.3B2.4B4.6B4.7B3.1B
Net Working Capital1.1B1.4B1.5B3.8B3.9B2.2B

Currently Active Assets on Macroaxis

Other Information on Investing in Beijing Stock

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