Gansu Total Revenue vs Minority Interest Analysis
600307 Stock | 1.69 0.01 0.59% |
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 Total Revenue and its Minority Interest 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.
Total Revenue vs Minority Interest
Total Revenue vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gansu Jiu Steel Total Revenue account and Minority Interest. At this time, the significance of the direction appears to have strong relationship.
The correlation between Gansu Jiu's Total Revenue and Minority Interest is 0.63. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Minority Interest 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 Total Revenue and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Gansu Jiu Steel are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Total Revenue i.e., Gansu Jiu's Total Revenue and Minority Interest go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Revenue
Total revenue comprises all receipts Gansu Jiu Steel generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Gansu Jiu Steel whose combined shares represent less than 50% of the total outstanding shares issued by Gansu Jiu have a minority interest in Gansu Jiu.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
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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) |
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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.