Chongqing Net Receivables vs Retained Earnings Analysis

600106 Stock

6.68 0.09 1.37%

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

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Road Bridge Net Receivables account and Retained Earnings. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Chongqing Road's Net Receivables and Retained Earnings is 0.11. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Chongqing Road Bridge, assuming nothing else is changed. The correlation between historical values of Chongqing Road's Net Receivables 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 Net Receivables of Chongqing Road Bridge 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 Net Receivables i.e., Chongqing Road's Net Receivables and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Receivables

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 Chongqing Road's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Road Bridge 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 Chongqing Road Bridge. 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 9.1 M. The current year's Tax Provision is expected to grow to about 28.6 M

	2021	2022	2023	2024 (projected)
Operating Income	114.1M	83.5M	73.5M	69.8M
Total Revenue	164.8M	121.3M	116.7M	214.3M

Operating Income Total Revenue

Chongqing Road fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Other Liab	Net Tangible Assets	Other Stockholder Equity	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other
Total Assets		-0.26	0.31	0.81	0.84	-0.14	0.66	0.57	0.07	-0.15	0.62	0.34	0.67	-0.18	0.71	-0.67	0.36	0.41	0.32	-0.02	0.28	-0.07	-0.2	0.01	0.09	0.16
Other Current Liab	-0.26		-0.2	-0.55	-0.5	0.71	-0.35	0.35	0.08	-0.5	-0.17	-0.02	0.25	-0.56	-0.62	0.54	0.39	-0.57	-0.48	0.1	-0.39	-0.22	0.13	-0.29	0.24	-0.38
Total Current Liabilities	0.31	-0.2		0.43	0.48	-0.36	0.24	-0.11	0.35	0.27	0.0	-0.49	-0.02	0.21	0.39	-0.36	-0.4	0.4	0.37	-0.39	0.2	0.76	-0.08	0.68	-0.28	0.51
Total Stockholder Equity	0.81	-0.55	0.43		0.97	-0.59	0.66	0.01	0.02	0.41	0.39	0.08	0.1	0.28	0.93	-0.85	-0.23	0.81	0.72	-0.01	0.5	0.03	-0.24	0.23	-0.01	0.39
Retained Earnings	0.84	-0.5	0.48	0.97		-0.57	0.63	0.08	0.11	0.36	0.4	0.14	0.19	0.26	0.88	-0.81	-0.15	0.71	0.58	-0.16	0.49	0.05	-0.32	0.16	0.03	0.37
Accounts Payable	-0.14	0.71	-0.36	-0.59	-0.57		-0.24	0.67	0.05	-0.85	0.28	0.03	0.5	-0.9	-0.49	0.63	0.67	-0.79	-0.59	0.2	-0.62	-0.02	0.33	-0.1	0.19	-0.42
Cash	0.66	-0.35	0.24	0.66	0.63	-0.24		0.12	-0.33	0.05	0.15	0.3	0.28	-0.03	0.55	-0.48	0.04	0.52	0.43	0.26	-0.09	0.09	0.39	0.17	-0.26	0.03
Other Assets	0.57	0.35	-0.11	0.01	0.08	0.67	0.12		0.19	-0.83	0.6	0.36	0.94	-0.78	0.01	0.04	0.9	-0.47	-0.37	0.0	-0.18	-0.16	-0.07	-0.2	0.23	-0.18
Net Receivables	0.07	0.08	0.35	0.02	0.11	0.05	-0.33	0.19		0.01	0.17	-0.06	0.1	-0.04	0.04	0.11	0.0	-0.23	-0.2	-0.46	-0.03	0.16	-0.4	0.09	0.19	0.64
Short Term Investments	-0.15	-0.5	0.27	0.41	0.36	-0.85	0.05	-0.83	0.01		-0.38	-0.19	-0.78	0.8	0.38	-0.33	-0.87	0.68	0.56	-0.14	0.47	0.07	-0.24	0.2	-0.08	0.45
Inventory	0.62	-0.17	0.0	0.39	0.4	0.28	0.15	0.6	0.17	-0.38		0.1	0.55	-0.46	0.54	-0.28	0.42	0.01	0.07	-0.04	0.05	-0.01	-0.07	0.03	0.09	0.04
Other Current Assets	0.34	-0.02	-0.49	0.08	0.14	0.03	0.3	0.36	-0.06	-0.19	0.1		0.46	-0.16	-0.11	-0.01	0.57	-0.16	-0.39	0.06	-0.06	-0.65	-0.21	-0.69	0.37	-0.31
Total Liab	0.67	0.25	-0.02	0.1	0.19	0.5	0.28	0.94	0.1	-0.78	0.55	0.46		-0.66	0.03	-0.07	0.91	-0.33	-0.37	-0.03	-0.16	-0.15	-0.05	-0.27	0.16	-0.22
Intangible Assets	-0.18	-0.56	0.21	0.28	0.26	-0.9	-0.03	-0.78	-0.04	0.8	-0.46	-0.16	-0.66		0.2	-0.48	-0.71	0.59	0.46	-0.18	0.59	-0.01	-0.3	-0.02	-0.28	0.36
Common Stock	0.71	-0.62	0.39	0.93	0.88	-0.49	0.55	0.01	0.04	0.38	0.54	-0.11	0.03	0.2		-0.73	-0.27	0.71	0.72	-0.09	0.44	0.16	-0.16	0.4	-0.08	0.43
Property Plant Equipment	-0.67	0.54	-0.36	-0.85	-0.81	0.63	-0.48	0.04	0.11	-0.33	-0.28	-0.01	-0.07	-0.48	-0.73		0.21	-0.78	-0.75	-0.05	-0.74	0.05	0.32	-0.07	0.19	-0.32
Long Term Debt	0.36	0.39	-0.4	-0.23	-0.15	0.67	0.04	0.9	0.0	-0.87	0.42	0.57	0.91	-0.71	-0.27	0.21		-0.59	-0.6	0.07	-0.29	-0.38	0.0	-0.51	0.24	-0.42
Other Liab	0.41	-0.57	0.4	0.81	0.71	-0.79	0.52	-0.47	-0.23	0.68	0.01	-0.16	-0.33	0.59	0.71	-0.78	-0.59		0.88	0.22	0.51	0.06	-0.04	0.26	-0.21	0.35
Net Tangible Assets	0.32	-0.48	0.37	0.72	0.58	-0.59	0.43	-0.37	-0.2	0.56	0.07	-0.39	-0.37	0.46	0.72	-0.75	-0.6	0.88		0.3	0.51	0.14	0.06	0.44	-0.34	0.47
Other Stockholder Equity	-0.02	0.1	-0.39	-0.01	-0.16	0.2	0.26	0.0	-0.46	-0.14	-0.04	0.06	-0.03	-0.18	-0.09	-0.05	0.07	0.22	0.3		-0.25	-0.24	0.49	-0.1	0.09	-0.26
Long Term Investments	0.28	-0.39	0.2	0.5	0.49	-0.62	-0.09	-0.18	-0.03	0.47	0.05	-0.06	-0.16	0.59	0.44	-0.74	-0.29	0.51	0.51	-0.25		-0.18	-0.73	-0.03	0.04	0.24
Short Long Term Debt	-0.07	-0.22	0.76	0.03	0.05	-0.02	0.09	-0.16	0.16	0.07	-0.01	-0.65	-0.15	-0.01	0.16	0.05	-0.38	0.06	0.14	-0.24	-0.18		0.28	0.86	-0.34	0.29
Total Current Assets	-0.2	0.13	-0.08	-0.24	-0.32	0.33	0.39	-0.07	-0.4	-0.24	-0.07	-0.21	-0.05	-0.3	-0.16	0.32	0.0	-0.04	0.06	0.49	-0.73	0.28		0.23	-0.55	-0.14
Short Term Debt	0.01	-0.29	0.68	0.23	0.16	-0.1	0.17	-0.2	0.09	0.2	0.03	-0.69	-0.27	-0.02	0.4	-0.07	-0.51	0.26	0.44	-0.1	-0.03	0.86	0.23		-0.27	0.36
Non Current Assets Total	0.09	0.24	-0.28	-0.01	0.03	0.19	-0.26	0.23	0.19	-0.08	0.09	0.37	0.16	-0.28	-0.08	0.19	0.24	-0.21	-0.34	0.09	0.04	-0.34	-0.55	-0.27		-0.35
Non Currrent Assets Other	0.16	-0.38	0.51	0.39	0.37	-0.42	0.03	-0.18	0.64	0.45	0.04	-0.31	-0.22	0.36	0.43	-0.32	-0.42	0.35	0.47	-0.26	0.24	0.29	-0.14	0.36	-0.35

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Chongqing Road Account Relationship Matchups

Chongqing Road fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.5B	6.4B	7.2B	6.9B	6.7B	5.4B
Other Current Liab	18.6M	31.5M	13.6M	28.5M	257.8K	244.9K
Total Current Liabilities	1.1B	956.0M	942.5M	958.7M	642.2M	789.6M
Total Stockholder Equity	3.7B	3.8B	4.6B	4.5B	4.7B	2.6B
Retained Earnings	2.0B	2.1B	2.3B	2.4B	2.0B	1.2B
Accounts Payable	4.9M	2.3M	2.3M	1.8M	3.4M	3.2M
Cash	747.3M	1.6B	1.8B	1.7B	1.4B	893.0M
Other Assets	2.0B	1.4B	1.5B	1.4B	1.6B	1.7B
Net Receivables	427.0M	598.4K	18.4M	9.8M	8.8M	8.4M
Short Term Investments	201.6M	199.4M	200.8M	178.8M	202.2M	120.7M
Inventory	351.9M	352.9M	354.2M	355.3M	356.5M	258.0M
Other Current Assets	342.3K	5.3M	2.1M	943.9K	849.6K	807.1K
Total Liab	2.7B	2.6B	2.6B	2.4B	2.0B	2.8B
Common Stock	998.5M	1.1B	1.2B	1.3B	1.5B	767.0M
Property Plant Equipment	280.1M	265.9M	114.5M	109.5M	98.5M	93.6M
Long Term Debt	1.5B	1.3B	1.2B	1.1B	1.0B	2.0B
Other Liab	168.2M	253.5M	429.2M	346.2M	398.1M	212.7M
Net Tangible Assets	3.7B	3.8B	4.6B	4.5B	5.1B	4.1B
Other Stockholder Equity	437.4M	372.7M	899.6M	677.0M	778.6M	651.2M
Short Long Term Debt	801.8M	801.0M	805.6M	808.9M	500.7M	690.0M
Total Current Assets	1.7B	2.3B	2.3B	2.3B	2.0B	2.1B
Non Current Assets Total	4.7B	4.1B	4.8B	4.6B	4.7B	3.8B
Non Current Liabilities Total	1.6B	1.6B	1.7B	1.5B	1.4B	1.5B
Net Debt	1.5B	554.3M	282.1M	214.5M	113.1M	107.4M
Net Invested Capital	6.0B	6.0B	6.6B	6.4B	6.2B	6.8B
Net Working Capital	648.6M	1.4B	1.4B	1.3B	1.3B	1.1B

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

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Chongqing Net Receivables vs Retained Earnings Analysis

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Receivables

Retained Earnings

Chongqing Road fundamental ratios Correlations

Chongqing Road Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chongqing Road fundamental ratios Accounts

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Other Information on Investing in Chongqing Stock

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Retained Earnings	+ 0.97	Total Stockholder Equity
Total Liab	+ 0.94	Other Assets
Common Stock	+ 0.93	Total Stockholder Equity
Long Term Debt	+ 0.91	Total Liab
Long Term Debt	+ 0.9	Other Assets
Common Stock	+ 0.88	Retained Earnings

Intangible Assets	- 0.9	Accounts Payable
Long Term Debt	- 0.87	Short Term Investments
Short Term Investments	- 0.85	Accounts Payable
Property Plant Equipment	- 0.85	Total Stockholder Equity
Short Term Investments	- 0.83	Other Assets
Property Plant Equipment	- 0.81	Retained Earnings