Nantong Total Current Assets vs Non Currrent Assets Other Analysis

600389 Stock   15.40  0.18  1.18%   
Nantong Jiangshan financial indicator trend analysis is infinitely more than just investigating Nantong Jiangshan recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nantong Jiangshan is a good investment. Please check the relationship between Nantong Jiangshan Total Current Assets and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nantong Jiangshan Agrochemical. 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.

Total Current Assets vs Non Currrent Assets Other

Total Current Assets vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nantong Jiangshan Total Current Assets account and Non Currrent Assets Other. At this time, the significance of the direction appears to have pay attention.
The correlation between Nantong Jiangshan's Total Current Assets and Non Currrent Assets Other is -0.9. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Nantong Jiangshan Agrochemical, assuming nothing else is changed. The correlation between historical values of Nantong Jiangshan's Total Current Assets and Non Currrent Assets Other 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 Current Assets of Nantong Jiangshan Agrochemical are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Total Current Assets i.e., Nantong Jiangshan's Total Current Assets and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.9
Relationship DirectionNegative 
Relationship StrengthSignificant

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.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Nantong Jiangshan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nantong Jiangshan 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 Nantong Jiangshan Agrochemical. 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 110.8 M, whereas Tax Provision is forecasted to decline to about 53.8 M.
 2021 2022 2023 2024 (projected)
Operating Income980.0M2.1B263.4M356.7M
Total Revenue6.5B8.3B5.1B3.5B

Nantong Jiangshan fundamental ratios Correlations

0.490.820.750.740.80.820.670.750.720.610.910.490.910.560.740.4-0.280.620.85-0.650.74-0.530.880.69-0.75
0.490.470.120.050.30.530.040.10.60.690.580.470.55-0.060.240.17-0.010.310.22-0.30.34-0.20.4-0.03-0.34
0.820.470.420.450.450.630.370.510.420.380.720.450.970.310.420.76-0.380.750.44-0.360.49-0.320.540.52-0.49
0.750.120.420.960.970.620.940.970.680.480.670.360.560.780.690.11-0.260.330.86-0.770.72-0.590.870.71-0.83
0.740.050.450.960.930.610.880.950.610.460.660.360.580.860.70.17-0.340.420.79-0.660.68-0.450.80.69-0.76
0.80.30.450.970.930.730.880.930.750.640.770.470.60.770.740.06-0.230.360.87-0.820.77-0.60.910.63-0.87
0.820.530.630.620.610.730.490.560.590.820.860.670.720.610.780.06-0.010.460.65-0.740.83-0.50.80.44-0.8
0.670.040.370.940.880.880.490.890.720.30.550.250.510.60.510.05-0.050.090.85-0.70.66-0.590.860.84-0.8
0.750.10.510.970.950.930.560.890.590.420.640.350.620.760.670.3-0.430.470.8-0.710.67-0.550.790.68-0.76
0.720.60.420.680.610.750.590.720.590.590.740.370.620.30.41-0.020.170.060.76-0.610.57-0.490.860.58-0.7
0.610.690.380.480.460.640.820.30.420.590.660.740.490.490.75-0.12-0.110.360.48-0.630.73-0.30.650.07-0.68
0.910.580.720.670.660.770.860.550.640.740.660.470.830.530.630.3-0.140.570.74-0.660.6-0.550.820.52-0.69
0.490.470.450.360.360.470.670.250.350.370.740.470.490.450.490.02-0.150.320.29-0.660.71-0.470.490.14-0.73
0.910.550.970.560.580.60.720.510.620.620.490.830.490.380.50.65-0.310.690.6-0.470.59-0.40.70.6-0.62
0.56-0.060.310.780.860.770.610.60.760.30.490.530.450.380.70.04-0.40.450.56-0.570.66-0.330.580.45-0.67
0.740.240.420.690.70.740.780.510.670.410.750.630.490.50.70.01-0.310.530.73-0.60.77-0.280.710.38-0.67
0.40.170.760.110.170.060.060.050.3-0.02-0.120.30.020.650.040.01-0.660.770.020.1-0.080.00.00.190.05
-0.28-0.01-0.38-0.26-0.34-0.23-0.01-0.05-0.430.17-0.11-0.14-0.15-0.31-0.4-0.31-0.66-0.8-0.070.01-0.06-0.050.030.040.01
0.620.310.750.330.420.360.460.090.470.060.360.570.320.690.450.530.77-0.80.25-0.180.25-0.080.230.11-0.2
0.850.220.440.860.790.870.650.850.80.760.480.740.290.60.560.730.02-0.070.25-0.730.71-0.620.940.78-0.77
-0.65-0.3-0.36-0.77-0.66-0.82-0.74-0.7-0.71-0.61-0.63-0.66-0.66-0.47-0.57-0.60.10.01-0.18-0.73-0.770.89-0.81-0.450.89
0.740.340.490.720.680.770.830.660.670.570.730.60.710.590.660.77-0.08-0.060.250.71-0.77-0.530.830.6-0.93
-0.53-0.2-0.32-0.59-0.45-0.6-0.5-0.59-0.55-0.49-0.3-0.55-0.47-0.4-0.33-0.280.0-0.05-0.08-0.620.89-0.53-0.65-0.450.7
0.880.40.540.870.80.910.80.860.790.860.650.820.490.70.580.710.00.030.230.94-0.810.83-0.650.76-0.9
0.69-0.030.520.710.690.630.440.840.680.580.070.520.140.60.450.380.190.040.110.78-0.450.6-0.450.76-0.66
-0.75-0.34-0.49-0.83-0.76-0.87-0.8-0.8-0.76-0.7-0.68-0.69-0.73-0.62-0.67-0.670.050.01-0.2-0.770.89-0.930.7-0.9-0.66
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Nantong Jiangshan Account Relationship Matchups

Nantong Jiangshan fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.3B4.6B5.7B6.5B6.7B3.4B
Other Current Liab569.4M581.2M712.6M1.1B29.2M27.7M
Total Current Liabilities2.0B2.3B2.8B2.4B2.5B1.6B
Total Stockholder Equity2.0B2.0B2.3B3.3B3.6B3.8B
Other Liab129.3M143.9M170.9M224.4M258.0M270.9M
Retained Earnings1.6B1.5B1.9B2.8B2.4B2.5B
Accounts Payable910.1M1.1B1.6B1.0B972.4M523.5M
Cash662.7M847.8M1.2B2.1B2.5B2.7B
Other Assets79.6M78.9M82.7M119.7M137.6M144.5M
Long Term Debt122.0M85.5M302.8M602.5M202.5M189.3M
Net Receivables771.4M752.7M757.9M919.0M285.8M318.7M
Inventory655.3M524.5M1.0B1.0B816.9M465.2M
Other Current Assets189.1M153.0M116.1M94.5M52.7M74.3M
Total Liab2.2B2.6B3.3B3.2B3.0B2.0B
Intangible Assets226.4M212.1M196.4M181.0M264.6M277.9M
Property Plant Equipment1.4B1.5B1.6B1.6B1.8B1.6B
Net Tangible Assets1.7B1.7B2.1B3.0B3.5B1.9B
Other Stockholder Equity(6.2M)(7.5M)(9.1M)(9.0M)(8.1M)(7.7M)
Deferred Long Term Liab12.8M20.4M14.0M13.3M15.3M10.5M
Total Current Assets2.3B2.5B3.4B4.2B3.8B2.6B
Non Current Assets Total2.0B2.1B2.3B2.3B2.8B2.4B
Non Currrent Assets Other1.7B20M1.8M15.5M48.4M46.0M
Non Current Liabilities Total251.2M229.4M478.4M830.3M426.7M356.9M
Short Long Term Debt421M528.4M300.7M500.5K27.8M26.4M
Net Invested Capital2.6B2.6B3.0B3.9B3.8B3.1B
Net Working Capital304.4M125.7M575.4M1.8B1.3B669.6M

Currently Active Assets on Macroaxis

Other Information on Investing in Nantong Stock

Balance Sheet is a snapshot of the financial position of Nantong Jiangshan at a specified time, usually calculated after every quarter, six months, or one year. Nantong Jiangshan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nantong Jiangshan 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 Nantong currently owns. An asset can also be divided into two categories, current and non-current.