Chongqing Non Current Liabilities Total vs Other Current Assets Analysis

600132 Stock   60.86  0.90  1.46%   
Chongqing Brewery financial indicator trend analysis is way more than just evaluating Chongqing Brewery prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Brewery is a good investment. Please check the relationship between Chongqing Brewery Non Current Liabilities Total and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Brewery Co. 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.

Non Current Liabilities Total vs Other Current Assets

Non Current Liabilities Total vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Brewery Non Current Liabilities Total account and Other Current Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Chongqing Brewery's Non Current Liabilities Total and Other Current Assets is 0.04. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Chongqing Brewery Co, assuming nothing else is changed. The correlation between historical values of Chongqing Brewery's Non Current Liabilities Total 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 Non Current Liabilities Total of Chongqing Brewery Co 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 Non Current Liabilities Total i.e., Chongqing Brewery's Non Current Liabilities Total and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.04
Relationship DirectionPositive 
Relationship StrengthInsignificant

Non Current Liabilities Total

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 Chongqing Brewery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Brewery 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 Brewery Co. 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 2.9 B, whereas Tax Provision is forecasted to decline to about 342.6 M.
 2021 2022 2023 2024 (projected)
Operating Income2.9B3.3B3.3B3.5B
Total Revenue13.1B14.0B14.8B15.6B

Chongqing Brewery fundamental ratios Correlations

0.320.930.520.530.720.950.940.910.65-0.210.90.850.990.850.350.920.54-0.450.060.86-0.50.80.940.610.23
0.320.50.30.60.240.360.450.470.280.470.420.490.330.260.210.380.39-0.120.00.48-0.220.640.4-0.190.05
0.930.50.50.740.660.970.940.980.680.150.920.930.930.780.350.970.64-0.380.030.98-0.550.930.870.470.19
0.520.30.50.460.860.490.50.390.390.020.660.530.440.320.570.560.140.350.090.38-0.190.560.460.5-0.5
0.530.60.740.460.490.640.610.720.740.60.640.740.520.470.660.710.73-0.09-0.220.75-0.520.780.470.030.0
0.720.240.660.860.490.710.690.580.6-0.050.790.70.640.60.510.710.320.250.020.55-0.330.610.550.66-0.41
0.950.360.970.490.640.710.970.950.660.040.870.950.940.830.280.940.64-0.320.00.95-0.580.90.880.620.15
0.940.450.940.50.610.690.970.930.64-0.010.820.930.930.790.260.890.69-0.32-0.110.91-0.620.890.90.550.11
0.910.470.980.390.720.580.950.930.670.150.830.920.910.80.270.920.72-0.42-0.020.98-0.580.920.880.370.21
0.650.280.680.390.740.60.660.640.670.150.650.630.640.660.630.670.66-0.16-0.270.63-0.490.580.510.250.03
-0.210.470.150.020.6-0.050.04-0.010.150.150.040.26-0.22-0.20.070.120.320.34-0.110.27-0.180.35-0.23-0.33-0.21
0.90.420.920.660.640.790.870.820.830.650.040.810.860.730.480.950.36-0.260.270.83-0.350.80.780.610.13
0.850.490.930.530.740.70.950.930.920.630.260.810.830.70.290.890.74-0.16-0.010.94-0.670.930.780.470.04
0.990.330.930.440.520.640.940.930.910.64-0.220.860.830.870.340.90.56-0.530.050.86-0.510.780.950.550.31
0.850.260.780.320.470.60.830.790.80.66-0.20.730.70.870.320.710.5-0.410.070.75-0.410.680.820.520.25
0.350.210.350.570.660.510.280.260.270.630.070.480.290.340.320.410.31-0.03-0.110.23-0.210.270.250.06-0.02
0.920.380.970.560.710.710.940.890.920.670.120.950.890.90.710.410.54-0.340.10.93-0.510.860.810.560.18
0.540.390.640.140.730.320.640.690.720.660.320.360.740.560.50.310.54-0.21-0.510.69-0.830.660.52-0.070.07
-0.45-0.12-0.380.35-0.090.25-0.32-0.32-0.42-0.160.34-0.26-0.16-0.53-0.41-0.03-0.34-0.21-0.11-0.380.16-0.19-0.540.03-0.9
0.060.00.030.09-0.220.020.0-0.11-0.02-0.27-0.110.27-0.010.050.07-0.110.1-0.51-0.110.020.38-0.010.070.280.33
0.860.480.980.380.750.550.950.910.980.630.270.830.940.860.750.230.930.69-0.380.02-0.570.940.830.420.22
-0.5-0.22-0.55-0.19-0.52-0.33-0.58-0.62-0.58-0.49-0.18-0.35-0.67-0.51-0.41-0.21-0.51-0.830.160.38-0.57-0.56-0.46-0.09-0.05
0.80.640.930.560.780.610.90.890.920.580.350.80.930.780.680.270.860.66-0.19-0.010.94-0.560.820.370.02
0.940.40.870.460.470.550.880.90.880.51-0.230.780.780.950.820.250.810.52-0.540.070.83-0.460.820.470.29
0.61-0.190.470.50.030.660.620.550.370.25-0.330.610.470.550.520.060.56-0.070.030.280.42-0.090.370.47-0.06
0.230.050.19-0.50.0-0.410.150.110.210.03-0.210.130.040.310.25-0.020.180.07-0.90.330.22-0.050.020.29-0.06
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Chongqing Brewery Account Relationship Matchups

Chongqing Brewery fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.5B9.6B11.5B12.5B12.4B13.0B
Other Current Liab4.6B2.9B3.8B5.4B26.1M24.8M
Total Current Liabilities6.1B6.9B7.9B8.3B8.2B8.6B
Total Stockholder Equity1.4B585.3M1.8B2.1B2.1B1.3B
Other Liab751.5M506.9M505.2M485.4M558.2M431.3M
Retained Earnings800.0M116.1M1.3B1.6B1.4B1.5B
Accounts Payable1.2B1.6B1.8B2.5B2.6B2.7B
Cash1.3B2.0B2.4B3.4B2.7B2.8B
Other Assets659.4M845.7M1.1B821.9M945.2M992.5M
Net Receivables2.1B114.5M109.2M65.5M64.6M61.4M
Inventory1.4B1.4B1.9B2.2B2.1B2.2B
Other Current Assets127.8M88.1M128.6M156.6M146.5M153.8M
Total Liab2.0B8.0B8.4B8.9B8.7B9.2B
Intangible Assets245.8M588.3M615.1M685.2M677.1M710.9M
Property Plant Equipment3.4B3.6B3.9B4.2B4.8B5.0B
Net Tangible Assets1.1B(702.2M)440.3M671.8M604.6M480.1M
Other Stockholder Equity(16.9M)(14.8M)(13.8M)(13.5M)(12.2M)(12.8M)
Total Current Assets5.2B3.7B5.0B5.8B5.5B3.8B
Non Current Assets Total1.8B5.9B6.5B6.7B6.9B4.6B
Non Currrent Assets Other1.4M5.0M3.6M89.5M98.8M103.8M
Non Current Liabilities Total492.5M1.1B522.1M563.3M553.0M670.8M
Net Invested Capital1.4B950.3M1.8B2.1B2.1B1.7B
Net Working Capital206.9M(3.3B)(2.9B)(2.5B)(2.7B)(2.6B)

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Other Information on Investing in Chongqing Stock

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