Gansu Other Current Assets vs Total Current Assets 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 Other Current Assets and its Total Current Assets 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.

Other Current Assets vs Total Current Assets

Other Current Assets vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gansu Jiu Steel Other Current Assets account and Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Gansu Jiu's Other Current Assets and Total Current Assets is -0.22. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Current Assets 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 Other Current Assets and Total 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 Other Current Assets of Gansu Jiu Steel are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Other Current Assets i.e., Gansu Jiu's Other Current Assets and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.22
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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

0.390.940.930.290.440.70.510.430.480.830.420.990.740.920.220.430.020.010.020.04-0.05-0.02-0.02-0.030.05
0.390.360.390.670.090.56-0.180.010.450.580.750.37-0.070.18-0.45-0.22-0.21-0.30.31-0.25-0.35-0.22-0.36-0.34-0.23
0.940.360.830.160.380.560.370.180.450.710.480.950.790.930.360.57-0.020.020.040.060.170.040.09-0.18-0.03
0.930.390.830.460.410.770.520.390.390.890.340.860.620.780.120.230.120.05-0.010.03-0.10.08-0.07-0.180.07
0.290.670.160.46-0.20.790.040.060.490.60.520.2-0.31-0.05-0.63-0.61-0.32-0.450.54-0.48-0.58-0.37-0.67-0.340.02
0.440.090.380.41-0.20.150.010.55-0.250.43-0.110.430.420.420.260.290.670.64-0.740.60.190.550.510.470.3
0.70.560.560.770.790.150.370.440.590.830.470.640.10.38-0.37-0.27-0.32-0.380.4-0.38-0.51-0.39-0.54-0.03-0.05
0.51-0.180.370.520.040.010.370.460.350.26-0.270.490.440.510.220.19-0.14-0.220.18-0.2-0.45-0.28-0.350.160.06
0.430.010.180.390.060.550.440.460.210.44-0.110.430.120.31-0.2-0.050.090.03-0.20.02-0.4-0.13-0.120.720.21
0.480.450.450.390.49-0.250.590.350.210.40.590.490.030.34-0.45-0.14-0.64-0.630.72-0.67-0.47-0.67-0.68-0.16-0.16
0.830.580.710.890.60.430.830.260.440.40.580.770.390.59-0.190.040.07-0.010.030.05-0.150.07-0.12-0.130.14
0.420.750.480.340.52-0.110.47-0.27-0.110.590.580.430.040.27-0.380.03-0.39-0.420.46-0.290.03-0.22-0.22-0.46-0.1
0.990.370.950.860.20.430.640.490.430.490.770.430.770.940.250.49-0.020.00.020.05-0.02-0.060.010.030.04
0.74-0.070.790.62-0.310.420.10.440.120.030.390.040.770.920.750.830.350.39-0.360.440.410.330.49-0.030.11
0.920.180.930.78-0.050.420.380.510.310.340.590.270.940.920.510.70.140.16-0.140.20.180.10.22-0.010.07
0.22-0.450.360.12-0.630.26-0.370.22-0.2-0.45-0.19-0.380.250.750.510.840.420.48-0.480.520.580.450.650.030.12
0.43-0.220.570.23-0.610.29-0.270.19-0.05-0.140.040.030.490.830.70.840.230.31-0.340.390.640.340.630.00.08
0.02-0.21-0.020.12-0.320.67-0.32-0.140.09-0.640.07-0.39-0.020.350.140.420.230.91-0.930.850.430.890.740.130.46
0.01-0.30.020.05-0.450.64-0.38-0.220.03-0.63-0.01-0.420.00.390.160.480.310.91-0.920.910.570.850.810.170.23
0.020.310.04-0.010.54-0.740.40.18-0.20.720.030.460.02-0.36-0.14-0.48-0.34-0.93-0.92-0.89-0.51-0.84-0.84-0.34-0.3
0.04-0.250.060.03-0.480.6-0.38-0.20.02-0.670.05-0.290.050.440.20.520.390.850.91-0.890.570.840.820.160.24
-0.05-0.350.17-0.1-0.580.19-0.51-0.45-0.4-0.47-0.150.03-0.020.410.180.580.640.430.57-0.510.570.670.87-0.230.02
-0.02-0.220.040.08-0.370.55-0.39-0.28-0.13-0.670.07-0.22-0.060.330.10.450.340.890.85-0.840.840.670.8-0.140.31
-0.02-0.360.09-0.07-0.670.51-0.54-0.35-0.12-0.68-0.12-0.220.010.490.220.650.630.740.81-0.840.820.870.80.090.17
-0.03-0.34-0.18-0.18-0.340.47-0.030.160.72-0.16-0.13-0.460.03-0.03-0.010.030.00.130.17-0.340.16-0.23-0.140.090.28
0.05-0.23-0.030.070.020.3-0.050.060.21-0.160.14-0.10.040.110.070.120.080.460.23-0.30.240.020.310.170.28
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Gansu Jiu Account Relationship Matchups

Gansu Jiu fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets39.6B41.4B41.9B40.4B44.4B31.0B
Other Current Liab727.9M1.0B1.5B1.7B101.8M96.7M
Total Current Liabilities26.4B27.2B23.9B23.0B24.5B18.3B
Total Stockholder Equity11.8B12.3B13.8B11.2B10.1B9.4B
Retained Earnings(1.3B)(798.5M)689.1M(3.3B)(4.3B)(4.1B)
Accounts Payable8.3B10.4B11.3B11.3B14.0B14.7B
Cash4.1B4.4B4.8B4.5B4.3B4.3B
Other Assets165.0M154.5M174.8M307.9M354.1M237.8M
Long Term Debt1.0B1.3B3.9B5.8B9.4B9.9B
Net Receivables1.8B164.2M242.3M161.9M320.3M304.3M
Inventory5.4B6.6B8.1B5.4B5.6B4.9B
Other Current Assets594.4M421.1M758.0M346.3M101.2M96.1M
Total Liab27.7B29.1B28.1B29.2B34.2B21.5B
Property Plant Equipment23.8B24.0B23.9B24.0B27.6B16.5B
Intangible Assets2.8B2.7B2.6B2.6B3.4B1.7B
Other Liab326.8M301.5M293.3M320.3M368.3M235.5M
Net Tangible Assets9.0B9.6B11.2B8.5B9.8B8.9B
Other Stockholder Equity106.6M142.2M142.4M122.8M141.2M124.1M
Deferred Long Term Liab8.5M8.0M7.5M7.0M6.3M6.8M
Short Long Term Debt16.7B14.3B9.5B7.3B8.0B9.9B
Total Current Assets11.9B13.9B14.2B10.7B10.8B12.5B
Non Current Assets Total27.6B27.5B27.7B29.7B33.6B31.8B
Non Currrent Assets Other97.8M105.7M215.9M9.3M201.2M128.9M
Non Current Liabilities Total1.3B1.9B4.3B6.2B9.8B10.2B
Non Current Liabilities Other960M1.0B18.0M17.9M15.8M15.0M
Net Debt13.6B11.3B8.6B8.6B13.1B9.8B
Net Invested Capital29.5B28.0B27.2B24.3B27.6B22.3B
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.