Gansu Cash vs Non Current Assets Total Analysis
600307 Stock | 1.63 0.07 4.12% |
Gansu Jiu financial indicator trend analysis is much more than just examining Gansu Jiu Steel latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gansu Jiu Steel is a good investment. Please check the relationship between Gansu Jiu Cash and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Gansu Jiu Steel. 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.
Cash vs Non Current Assets Total
Cash vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gansu Jiu Steel Cash account and Non Current Assets Total. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Gansu Jiu's Cash and Non Current Assets Total is -0.03. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Gansu Jiu Steel, assuming nothing else is changed. The correlation between historical values of Gansu Jiu's Cash and Non Current Assets Total 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 Gansu Jiu Steel are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Cash i.e., Gansu Jiu's Cash and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | -0.03 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Gansu Jiu Steel, which is listed under current asset account on Gansu Jiu Steel balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Gansu Jiu customers. The amounts must be unrestricted with restricted cash listed in a different Gansu Jiu 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.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most indicators from Gansu Jiu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gansu Jiu Steel 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 Gansu Jiu Steel. 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 2.1 B, whereas Tax Provision is forecasted to decline to about 7 M.
Gansu Jiu fundamental ratios Correlations
Click cells to compare fundamentals
Gansu Jiu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gansu Jiu fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 39.6B | 41.4B | 41.9B | 40.4B | 44.4B | 31.0B | |
Other Current Liab | 727.9M | 1.0B | 1.5B | 1.7B | 101.8M | 96.7M | |
Total Current Liabilities | 26.4B | 27.2B | 23.9B | 23.0B | 24.5B | 18.3B | |
Total Stockholder Equity | 11.8B | 12.3B | 13.8B | 11.2B | 10.1B | 9.4B | |
Retained Earnings | (1.3B) | (798.5M) | 689.1M | (3.3B) | (4.3B) | (4.1B) | |
Accounts Payable | 8.3B | 10.4B | 11.3B | 11.3B | 14.0B | 14.7B | |
Cash | 4.1B | 4.4B | 4.8B | 4.5B | 4.3B | 4.3B | |
Other Assets | 165.0M | 154.5M | 174.8M | 307.9M | 354.1M | 237.8M | |
Long Term Debt | 1.0B | 1.3B | 3.9B | 5.8B | 9.4B | 9.9B | |
Net Receivables | 1.8B | 164.2M | 242.3M | 161.9M | 320.3M | 304.3M | |
Inventory | 5.4B | 6.6B | 8.1B | 5.4B | 5.6B | 4.9B | |
Other Current Assets | 594.4M | 421.1M | 758.0M | 346.3M | 101.2M | 96.1M | |
Total Liab | 27.7B | 29.1B | 28.1B | 29.2B | 34.2B | 21.5B | |
Property Plant Equipment | 23.8B | 24.0B | 23.9B | 24.0B | 27.6B | 16.5B | |
Intangible Assets | 2.8B | 2.7B | 2.6B | 2.6B | 3.4B | 1.7B | |
Other Liab | 326.8M | 301.5M | 293.3M | 320.3M | 368.3M | 235.5M | |
Net Tangible Assets | 9.0B | 9.6B | 11.2B | 8.5B | 9.8B | 8.9B | |
Other Stockholder Equity | 106.6M | 142.2M | 142.4M | 122.8M | 141.2M | 124.1M | |
Deferred Long Term Liab | 8.5M | 8.0M | 7.5M | 7.0M | 6.3M | 6.8M | |
Short Long Term Debt | 16.7B | 14.3B | 9.5B | 7.3B | 8.0B | 9.9B | |
Total Current Assets | 11.9B | 13.9B | 14.2B | 10.7B | 10.8B | 12.5B | |
Non Current Assets Total | 27.6B | 27.5B | 27.7B | 29.7B | 33.6B | 31.8B | |
Non Currrent Assets Other | 97.8M | 105.7M | 215.9M | 9.3M | 201.2M | 128.9M | |
Non Current Liabilities Total | 1.3B | 1.9B | 4.3B | 6.2B | 9.8B | 10.2B | |
Non Current Liabilities Other | 960M | 1.0B | 18.0M | 17.9M | 15.8M | 15.0M | |
Net Debt | 13.6B | 11.3B | 8.6B | 8.6B | 13.1B | 9.8B | |
Net Invested Capital | 29.5B | 28.0B | 27.2B | 24.3B | 27.6B | 22.3B | |
Net Working Capital | (14.4B) | (13.2B) | (9.6B) | (12.3B) | (13.7B) | (14.4B) |
Currently Active Assets on Macroaxis
Other Information on Investing in Gansu Stock
Balance Sheet is a snapshot of the financial position of Gansu Jiu Steel at a specified time, usually calculated after every quarter, six months, or one year. Gansu Jiu Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Gansu Jiu 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 Gansu currently owns. An asset can also be divided into two categories, current and non-current.