Chongqing Other Stockholder Equity vs Net Receivables 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 Other Stockholder Equity and its Net Receivables 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.

Other Stockholder Equity vs Net Receivables

Other Stockholder Equity vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Road Bridge Other Stockholder Equity account and Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Chongqing Road's Other Stockholder Equity and Net Receivables is -0.46. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Net Receivables 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 Other Stockholder Equity and Net Receivables 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 Stockholder Equity of Chongqing Road Bridge are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Stockholder Equity i.e., Chongqing Road's Other Stockholder Equity and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.46
Relationship DirectionNegative 
Relationship StrengthVery Weak

Other Stockholder Equity

Net Receivables

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 Income114.1M83.5M73.5M69.8M
Total Revenue164.8M121.3M116.7M214.3M

Chongqing Road fundamental ratios Correlations

-0.260.310.810.84-0.140.660.570.07-0.150.620.340.67-0.180.71-0.670.360.410.32-0.020.28-0.07-0.20.010.090.16
-0.26-0.2-0.55-0.50.71-0.350.350.08-0.5-0.17-0.020.25-0.56-0.620.540.39-0.57-0.480.1-0.39-0.220.13-0.290.24-0.38
0.31-0.20.430.48-0.360.24-0.110.350.270.0-0.49-0.020.210.39-0.36-0.40.40.37-0.390.20.76-0.080.68-0.280.51
0.81-0.550.430.97-0.590.660.010.020.410.390.080.10.280.93-0.85-0.230.810.72-0.010.50.03-0.240.23-0.010.39
0.84-0.50.480.97-0.570.630.080.110.360.40.140.190.260.88-0.81-0.150.710.58-0.160.490.05-0.320.160.030.37
-0.140.71-0.36-0.59-0.57-0.240.670.05-0.850.280.030.5-0.9-0.490.630.67-0.79-0.590.2-0.62-0.020.33-0.10.19-0.42
0.66-0.350.240.660.63-0.240.12-0.330.050.150.30.28-0.030.55-0.480.040.520.430.26-0.090.090.390.17-0.260.03
0.570.35-0.110.010.080.670.120.19-0.830.60.360.94-0.780.010.040.9-0.47-0.370.0-0.18-0.16-0.07-0.20.23-0.18
0.070.080.350.020.110.05-0.330.190.010.17-0.060.1-0.040.040.110.0-0.23-0.2-0.46-0.030.16-0.40.090.190.64
-0.15-0.50.270.410.36-0.850.05-0.830.01-0.38-0.19-0.780.80.38-0.33-0.870.680.56-0.140.470.07-0.240.2-0.080.45
0.62-0.170.00.390.40.280.150.60.17-0.380.10.55-0.460.54-0.280.420.010.07-0.040.05-0.01-0.070.030.090.04
0.34-0.02-0.490.080.140.030.30.36-0.06-0.190.10.46-0.16-0.11-0.010.57-0.16-0.390.06-0.06-0.65-0.21-0.690.37-0.31
0.670.25-0.020.10.190.50.280.940.1-0.780.550.46-0.660.03-0.070.91-0.33-0.37-0.03-0.16-0.15-0.05-0.270.16-0.22
-0.18-0.560.210.280.26-0.9-0.03-0.78-0.040.8-0.46-0.16-0.660.2-0.48-0.710.590.46-0.180.59-0.01-0.3-0.02-0.280.36
0.71-0.620.390.930.88-0.490.550.010.040.380.54-0.110.030.2-0.73-0.270.710.72-0.090.440.16-0.160.4-0.080.43
-0.670.54-0.36-0.85-0.810.63-0.480.040.11-0.33-0.28-0.01-0.07-0.48-0.730.21-0.78-0.75-0.05-0.740.050.32-0.070.19-0.32
0.360.39-0.4-0.23-0.150.670.040.90.0-0.870.420.570.91-0.71-0.270.21-0.59-0.60.07-0.29-0.380.0-0.510.24-0.42
0.41-0.570.40.810.71-0.790.52-0.47-0.230.680.01-0.16-0.330.590.71-0.78-0.590.880.220.510.06-0.040.26-0.210.35
0.32-0.480.370.720.58-0.590.43-0.37-0.20.560.07-0.39-0.370.460.72-0.75-0.60.880.30.510.140.060.44-0.340.47
-0.020.1-0.39-0.01-0.160.20.260.0-0.46-0.14-0.040.06-0.03-0.18-0.09-0.050.070.220.3-0.25-0.240.49-0.10.09-0.26
0.28-0.390.20.50.49-0.62-0.09-0.18-0.030.470.05-0.06-0.160.590.44-0.74-0.290.510.51-0.25-0.18-0.73-0.030.040.24
-0.07-0.220.760.030.05-0.020.09-0.160.160.07-0.01-0.65-0.15-0.010.160.05-0.380.060.14-0.24-0.180.280.86-0.340.29
-0.20.13-0.08-0.24-0.320.330.39-0.07-0.4-0.24-0.07-0.21-0.05-0.3-0.160.320.0-0.040.060.49-0.730.280.23-0.55-0.14
0.01-0.290.680.230.16-0.10.17-0.20.090.20.03-0.69-0.27-0.020.4-0.07-0.510.260.44-0.1-0.030.860.23-0.270.36
0.090.24-0.28-0.010.030.19-0.260.230.19-0.080.090.370.16-0.28-0.080.190.24-0.21-0.340.090.04-0.34-0.55-0.27-0.35
0.16-0.380.510.390.37-0.420.03-0.180.640.450.04-0.31-0.220.360.43-0.32-0.420.350.47-0.260.240.29-0.140.36-0.35
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Chongqing Road Account Relationship Matchups

Chongqing Road fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.5B6.4B7.2B6.9B6.7B5.4B
Other Current Liab18.6M31.5M13.6M28.5M257.8K244.9K
Total Current Liabilities1.1B956.0M942.5M958.7M642.2M789.6M
Total Stockholder Equity3.7B3.8B4.6B4.5B4.7B2.6B
Retained Earnings2.0B2.1B2.3B2.4B2.0B1.2B
Accounts Payable4.9M2.3M2.3M1.8M3.4M3.2M
Cash747.3M1.6B1.8B1.7B1.4B893.0M
Other Assets2.0B1.4B1.5B1.4B1.6B1.7B
Net Receivables427.0M598.4K18.4M9.8M8.8M8.4M
Short Term Investments201.6M199.4M200.8M178.8M202.2M120.7M
Inventory351.9M352.9M354.2M355.3M356.5M258.0M
Other Current Assets342.3K5.3M2.1M943.9K849.6K807.1K
Total Liab2.7B2.6B2.6B2.4B2.0B2.8B
Common Stock998.5M1.1B1.2B1.3B1.5B767.0M
Property Plant Equipment280.1M265.9M114.5M109.5M98.5M93.6M
Long Term Debt1.5B1.3B1.2B1.1B1.0B2.0B
Other Liab168.2M253.5M429.2M346.2M398.1M212.7M
Net Tangible Assets3.7B3.8B4.6B4.5B5.1B4.1B
Other Stockholder Equity437.4M372.7M899.6M677.0M778.6M651.2M
Short Long Term Debt801.8M801.0M805.6M808.9M500.7M690.0M
Total Current Assets1.7B2.3B2.3B2.3B2.0B2.1B
Non Current Assets Total4.7B4.1B4.8B4.6B4.7B3.8B
Non Current Liabilities Total1.6B1.6B1.7B1.5B1.4B1.5B
Net Debt1.5B554.3M282.1M214.5M113.1M107.4M
Net Invested Capital6.0B6.0B6.6B6.4B6.2B6.8B
Net Working Capital648.6M1.4B1.4B1.3B1.3B1.1B

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Other Information on Investing in Chongqing Stock

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.