Changjiang Total Assets vs Inventory Analysis

600496 Stock

3.18 0.05 1.55%

Changjiang Jinggong financial indicator trend analysis is way more than just evaluating Changjiang Jinggong Steel prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changjiang Jinggong Steel is a good investment. Please check the relationship between Changjiang Jinggong Total Assets and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Changjiang Jinggong 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 nation.

Total Assets vs Inventory

Total Assets vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changjiang Jinggong Steel Total Assets account and Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Changjiang Jinggong's Total Assets and Inventory is -0.24. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of Changjiang Jinggong Steel, assuming nothing else is changed. The correlation between historical values of Changjiang Jinggong's Total Assets and Inventory 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 Assets of Changjiang Jinggong Steel are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Assets i.e., Changjiang Jinggong's Total Assets and Inventory go up and down completely randomly.

Correlation Coefficient

-0.24

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Total Assets

Total assets refers to the total amount of Changjiang Jinggong assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Changjiang Jinggong Steel books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Inventory

Most indicators from Changjiang Jinggong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changjiang Jinggong 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 Changjiang Jinggong 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 nation.

The current year's Selling General Administrative is expected to grow to about 261.3 M, whereas Tax Provision is forecasted to decline to about 28.4 M.

	2022	2023	2024	2025 (projected)
Operating Income	960.6M	790.1M	952.9M	1.0B
Total Revenue	15.6B	16.5B	18.5B	19.4B

Operating Income Total Revenue

Changjiang Jinggong fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Other Liab	Short Term Investments	Intangible Assets	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		-0.27	0.99	0.99	0.99	0.99	0.98	0.84	0.76	0.92	-0.24	0.17	1.0	0.91	0.45	0.76	0.78	0.43	-0.88	0.86	0.74	-0.62	0.74	0.63	0.87	0.75
Other Current Liab	-0.27		-0.21	-0.21	-0.31	-0.32	-0.42	-0.36	-0.65	-0.19	0.51	0.68	-0.31	-0.06	0.32	-0.08	-0.54	0.1	0.15	-0.29	-0.2	0.38	-0.01	0.21	-0.47	-0.01
Total Current Liabilities	0.99	-0.21		0.98	0.98	0.99	0.96	0.82	0.72	0.94	-0.19	0.2	0.99	0.9	0.46	0.76	0.79	0.44	-0.87	0.84	0.71	-0.59	0.72	0.62	0.85	0.73
Total Stockholder Equity	0.99	-0.21	0.98		0.99	0.97	0.97	0.81	0.67	0.87	-0.29	0.27	0.97	0.93	0.42	0.8	0.72	0.47	-0.9	0.9	0.75	-0.65	0.78	0.71	0.87	0.79
Retained Earnings	0.99	-0.31	0.98	0.99		0.99	0.98	0.85	0.75	0.89	-0.32	0.15	0.98	0.9	0.4	0.8	0.78	0.43	-0.88	0.89	0.75	-0.68	0.73	0.63	0.89	0.74
Accounts Payable	0.99	-0.32	0.99	0.97	0.99		0.98	0.85	0.76	0.92	-0.27	0.13	0.99	0.89	0.4	0.76	0.84	0.37	-0.88	0.86	0.71	-0.63	0.71	0.59	0.88	0.72
Cash	0.98	-0.42	0.96	0.97	0.98	0.98		0.84	0.77	0.86	-0.4	0.08	0.97	0.86	0.3	0.74	0.82	0.36	-0.87	0.89	0.7	-0.69	0.71	0.59	0.91	0.72
Other Assets	0.84	-0.36	0.82	0.81	0.85	0.85	0.84		0.73	0.72	-0.52	-0.11	0.84	0.61	0.33	0.77	0.74	0.05	-0.62	0.79	0.59	-0.77	0.46	0.36	0.84	0.45
Long Term Debt	0.76	-0.65	0.72	0.67	0.75	0.76	0.77	0.73		0.75	-0.21	-0.34	0.81	0.58	0.31	0.39	0.73	0.12	-0.56	0.58	0.61	-0.48	0.43	0.2	0.72	0.43
Net Receivables	0.92	-0.19	0.94	0.87	0.89	0.92	0.86	0.72	0.75		0.04	0.08	0.94	0.82	0.52	0.6	0.79	0.44	-0.75	0.65	0.59	-0.44	0.57	0.43	0.71	0.58
Inventory	-0.24	0.51	-0.19	-0.29	-0.32	-0.27	-0.4	-0.52	-0.21	0.04		0.31	-0.21	-0.07	0.36	-0.49	-0.35	0.14	0.17	-0.52	-0.23	0.78	-0.11	-0.07	-0.53	-0.08
Other Current Assets	0.17	0.68	0.2	0.27	0.15	0.13	0.08	-0.11	-0.34	0.08	0.31		0.11	0.47	0.23	0.19	-0.21	0.24	-0.45	0.21	0.19	0.25	0.54	0.75	-0.02	0.58
Total Liab	1.0	-0.31	0.99	0.97	0.98	0.99	0.97	0.84	0.81	0.94	-0.21	0.11		0.88	0.45	0.73	0.81	0.4	-0.85	0.83	0.72	-0.6	0.7	0.57	0.86	0.71
Common Stock	0.91	-0.06	0.9	0.93	0.9	0.89	0.86	0.61	0.58	0.82	-0.07	0.47	0.88		0.49	0.65	0.59	0.44	-0.94	0.79	0.75	-0.43	0.85	0.81	0.72	0.87
Property Plant Equipment	0.45	0.32	0.46	0.42	0.4	0.4	0.3	0.33	0.31	0.52	0.36	0.23	0.45	0.49		0.2	0.12	0.26	-0.34	0.32	0.39	-0.17	0.36	0.31	0.28	0.39
Other Liab	0.76	-0.08	0.76	0.8	0.8	0.76	0.74	0.77	0.39	0.6	-0.49	0.19	0.73	0.65	0.2		0.53	0.5	-0.62	0.78	0.63	-0.74	0.51	0.53	0.73	0.51
Short Term Investments	0.78	-0.54	0.79	0.72	0.78	0.84	0.82	0.74	0.73	0.79	-0.35	-0.21	0.81	0.59	0.12	0.53		0.11	-0.65	0.63	0.48	-0.53	0.42	0.24	0.76	0.43
Intangible Assets	0.43	0.1	0.44	0.47	0.43	0.37	0.36	0.05	0.12	0.44	0.14	0.24	0.4	0.44	0.26	0.5	0.11		-0.33	0.37	0.36	-0.21	0.37	0.33	0.32	0.36
Good Will	-0.88	0.15	-0.87	-0.9	-0.88	-0.88	-0.87	-0.62	-0.56	-0.75	0.17	-0.45	-0.85	-0.94	-0.34	-0.62	-0.65	-0.33		-0.8	-0.78	0.38	-0.9	-0.86	-0.73	-0.93
Net Tangible Assets	0.86	-0.29	0.84	0.9	0.89	0.86	0.89	0.79	0.58	0.65	-0.52	0.21	0.83	0.79	0.32	0.78	0.63	0.37	-0.8		0.76	-0.75	0.78	0.64	0.96	0.76
Other Stockholder Equity	0.74	-0.2	0.71	0.75	0.75	0.71	0.7	0.59	0.61	0.59	-0.23	0.19	0.72	0.75	0.39	0.63	0.48	0.36	-0.78	0.76		-0.43	0.88	0.71	0.71	0.83
Deferred Long Term Liab	-0.62	0.38	-0.59	-0.65	-0.68	-0.63	-0.69	-0.77	-0.48	-0.44	0.78	0.25	-0.6	-0.43	-0.17	-0.74	-0.53	-0.21	0.38	-0.75	-0.43		-0.27	-0.19	-0.76	-0.24
Long Term Investments	0.74	-0.01	0.72	0.78	0.73	0.71	0.71	0.46	0.43	0.57	-0.11	0.54	0.7	0.85	0.36	0.51	0.42	0.37	-0.9	0.78	0.88	-0.27		0.9	0.66	0.98
Short Long Term Debt	0.63	0.21	0.62	0.71	0.63	0.59	0.59	0.36	0.2	0.43	-0.07	0.75	0.57	0.81	0.31	0.53	0.24	0.33	-0.86	0.64	0.71	-0.19	0.9		0.45	0.93
Total Current Assets	0.87	-0.47	0.85	0.87	0.89	0.88	0.91	0.84	0.72	0.71	-0.53	-0.02	0.86	0.72	0.28	0.73	0.76	0.32	-0.73	0.96	0.71	-0.76	0.66	0.45		0.65
Short Term Debt	0.75	-0.01	0.73	0.79	0.74	0.72	0.72	0.45	0.43	0.58	-0.08	0.58	0.71	0.87	0.39	0.51	0.43	0.36	-0.93	0.76	0.83	-0.24	0.98	0.93	0.65

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Changjiang Jinggong Account Relationship Matchups

Changjiang Jinggong fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	15.8B	18.4B	21.9B	23.3B	25.6B	26.9B
Other Current Liab	1.3B	1.6B	500K	66.6M	312.2M	296.6M
Total Current Liabilities	8.7B	10.5B	11.1B	12.5B	14.3B	15.0B
Total Stockholder Equity	6.8B	7.5B	8.0B	8.5B	8.9B	9.4B
Retained Earnings	3.0B	3.6B	4.2B	4.4B	4.8B	5.0B
Accounts Payable	5.3B	6.7B	7.5B	8.9B	10.2B	10.7B
Cash	3.1B	2.8B	4.4B	4.6B	5.2B	5.5B
Other Assets	184.0M	190.9M	395.7M	911.1M	1.0B	1.1B
Net Receivables	2.1B	2.3B	2.7B	3.2B	4.0B	4.2B
Inventory	1.1B	1.4B	1.3B	1.4B	1.6B	2.2B
Other Current Assets	777.5M	883.6M	166.6M	134.2M	158.4M	277.8M
Total Liab	9.0B	10.8B	13.9B	14.8B	16.6B	17.5B
Property Plant Equipment	1.1B	1.1B	1.1B	1.1B	1.3B	852.2M
Intangible Assets	312.2M	366.2M	404.5M	363.2M	339.3M	208.3M
Net Tangible Assets	4.6B	6.2B	6.8B	7.3B	8.3B	5.3B
Other Stockholder Equity	78.8M	99.1M	81.2M	237.6M	273.3M	142.0M
Deferred Long Term Liab	43.7M	22.9M	22.9M	22.3M	20.1M	27.6M
Short Long Term Debt	1.8B	1.9B	1.3B	1.2B	947.0M	1.4B
Total Current Assets	12.4B	14.0B	17.2B	18.7B	21.3B	14.2B
Non Current Assets Total	3.4B	4.4B	4.7B	4.7B	4.3B	4.1B
Non Currrent Assets Other	62.8M	100.6M	71.3M	83.0M	116.2M	110.4M
Non Current Liabilities Total	238.1M	325.8M	2.8B	2.3B	2.3B	1.3B
Non Current Liabilities Other	6.9M	21.6M	206.5M	13.2M	4.3M	4.1M
Net Invested Capital	8.6B	9.6B	11.8B	11.9B	12.1B	10.2B
Net Working Capital	3.7B	3.5B	6.1B	6.2B	7.0B	4.6B
Property Plant And Equipment Net	1.1B	1.1B	1.6B	1.6B	1.6B	1.5B
Property Plant And Equipment Gross	2.0B	2.1B	1.6B	2.8B	1.6B	1.6B

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Other Information on Investing in Changjiang Stock

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

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Changjiang Total Assets vs Inventory Analysis

Total Assets vs Inventory

Total Assets vs Inventory Correlation Analysis

Correlation Coefficient

Total Assets

Inventory

Changjiang Jinggong fundamental ratios Correlations

Changjiang Jinggong Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Changjiang Jinggong fundamental ratios Accounts

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Other Information on Investing in Changjiang Stock

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Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities

Good Will	- 0.94	Common Stock
Short Term Debt	- 0.93	Good Will
Long Term Investments	- 0.9	Good Will
Good Will	- 0.9	Total Stockholder Equity
Good Will	- 0.88	Accounts Payable
Good Will	- 0.88	Retained Earnings