Yangmei Total Current Liabilities vs Long Term Investments Analysis

600691 Stock   2.32  0.04  1.69%   
Yangmei Chemical financial indicator trend analysis is more than just analyzing Yangmei Chemical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yangmei Chemical is a good investment. Please check the relationship between Yangmei Chemical Total Current Liabilities and its Long Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Yangmei Chemical Co. 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 Liabilities vs Long Term Investments

Total Current Liabilities vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Yangmei Chemical Total Current Liabilities account and Long Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Yangmei Chemical's Total Current Liabilities and Long Term Investments is -0.41. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Yangmei Chemical Co, assuming nothing else is changed. The correlation between historical values of Yangmei Chemical's Total Current Liabilities and Long Term Investments 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 Liabilities of Yangmei Chemical Co are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Total Current Liabilities i.e., Yangmei Chemical's Total Current Liabilities and Long Term Investments go up and down completely randomly.

Correlation Coefficient

-0.41
Relationship DirectionNegative 
Relationship StrengthVery Weak

Total Current Liabilities

Total Current Liabilities is an item on Yangmei Chemical balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Yangmei Chemical Co are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Long Term Investments

Long Term Investments is an item on the asset side of Yangmei Chemical balance sheet that represents investments Yangmei Chemical intends to hold for over a year. Yangmei Chemical Co long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Yangmei Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yangmei Chemical 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 Yangmei Chemical Co. 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.
As of November 27, 2024, Selling General Administrative is expected to decline to about 104.9 M. In addition to that, Tax Provision is expected to decline to about 8.8 M
 2021 2022 2023 2024 (projected)
Cost Of Revenue16.5B15.6B12.9B9.3B
Total Revenue18.7B17.0B13.6B10.5B

Yangmei Chemical fundamental ratios Correlations

0.730.980.460.650.930.690.80.870.750.680.990.870.540.980.610.580.14-0.06-0.160.010.49-0.30.540.580.36
0.730.70.530.540.60.40.560.760.440.610.680.480.270.660.290.350.41-0.030.140.00.32-0.210.260.490.24
0.980.70.430.580.930.770.850.80.750.580.980.880.550.950.510.560.09-0.01-0.26-0.010.53-0.410.670.70.48
0.460.530.430.250.20.460.470.280.50.070.390.290.560.36-0.020.340.050.48-0.17-0.56-0.17-0.50.350.170.48
0.650.540.580.250.560.190.560.810.540.640.630.270.150.720.48-0.10.22-0.330.130.280.450.140.10.26-0.1
0.930.60.930.20.560.570.810.850.60.740.960.90.340.950.710.530.16-0.31-0.10.290.69-0.120.480.590.22
0.690.40.770.460.190.570.680.350.850.020.690.660.840.61-0.010.62-0.420.5-0.69-0.460.04-0.820.910.640.83
0.80.560.850.470.560.810.680.660.680.460.820.660.440.810.380.35-0.03-0.09-0.280.080.57-0.350.660.70.41
0.870.760.80.280.810.850.350.660.570.890.860.660.270.90.680.40.26-0.360.10.350.50.090.160.34-0.02
0.750.440.750.50.540.60.850.680.570.230.720.550.780.710.130.48-0.380.35-0.51-0.30.05-0.580.670.450.59
0.680.610.580.070.640.740.020.460.890.230.690.58-0.070.740.840.350.45-0.590.410.60.570.43-0.180.21-0.36
0.990.680.980.390.630.960.690.820.860.720.690.910.50.990.650.580.13-0.12-0.160.080.55-0.260.550.60.34
0.870.480.880.290.270.90.660.660.660.550.580.910.480.860.670.750.08-0.07-0.20.040.47-0.270.520.510.35
0.540.270.550.560.150.340.840.440.270.78-0.070.50.480.42-0.140.64-0.580.69-0.78-0.68-0.33-0.820.690.190.81
0.980.660.950.360.720.950.610.810.90.710.740.990.860.420.70.50.16-0.2-0.090.150.59-0.160.470.550.23
0.610.290.51-0.020.480.71-0.010.380.680.130.840.650.67-0.140.70.30.46-0.650.440.550.670.48-0.130.17-0.42
0.580.350.560.34-0.10.530.620.350.40.480.350.580.750.640.50.3-0.270.29-0.39-0.26-0.09-0.40.370.160.41
0.140.410.090.050.220.16-0.42-0.030.26-0.380.450.130.08-0.580.160.46-0.27-0.510.810.410.540.47-0.360.2-0.41
-0.06-0.03-0.010.48-0.33-0.310.5-0.09-0.360.35-0.59-0.12-0.070.69-0.2-0.650.29-0.51-0.64-0.91-0.72-0.830.410.010.77
-0.160.14-0.26-0.170.13-0.1-0.69-0.280.1-0.510.41-0.16-0.2-0.78-0.090.44-0.390.81-0.640.570.350.77-0.69-0.12-0.79
0.010.0-0.01-0.560.280.29-0.460.080.35-0.30.60.080.04-0.680.150.55-0.260.41-0.910.570.620.8-0.460.08-0.72
0.490.320.53-0.170.450.690.040.570.50.050.570.550.47-0.330.590.67-0.090.54-0.720.350.620.30.190.56-0.2
-0.3-0.21-0.41-0.50.14-0.12-0.82-0.350.09-0.580.43-0.26-0.27-0.82-0.160.48-0.40.47-0.830.770.80.3-0.83-0.43-0.98
0.540.260.670.350.10.480.910.660.160.67-0.180.550.520.690.47-0.130.37-0.360.41-0.69-0.460.19-0.830.670.85
0.580.490.70.170.260.590.640.70.340.450.210.60.510.190.550.170.160.20.01-0.120.080.56-0.430.670.47
0.360.240.480.48-0.10.220.830.41-0.020.59-0.360.340.350.810.23-0.420.41-0.410.77-0.79-0.72-0.2-0.980.850.47
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Yangmei Chemical Account Relationship Matchups

Yangmei Chemical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets42.4B24.2B24.4B24.7B22.5B17.7B
Other Current Liab2.7B3.4B2.5B2.5B615.4M584.6M
Total Current Liabilities30.9B16.8B16.1B16.7B16.1B11.9B
Total Stockholder Equity5.4B5.5B6.0B6.0B4.6B3.4B
Other Liab347.9M171.2M158.4M144.2M165.9M162.9M
Accounts Payable7.0B3.1B2.9B2.6B2.9B3.0B
Cash9.7B4.9B5.9B7.6B7.2B7.6B
Other Assets532.3M531.5M323.5M285.5M328.3M354.8M
Net Receivables1.8B1.4B1.3B986.4M861.5M1.0B
Inventory2.2B1.0B1.8B2.3B2.2B2.3B
Other Current Assets1.2B908.6M874.1M161.5M98.5M93.6M
Total Liab35.4B17.9B17.6B18.0B18.0B14.3B
Intangible Assets1.8B783.7M880.5M831.0M911.8M682.0M
Property Plant Equipment25.5B25.1B11.7B11.1B12.8B10.1B
Long Term Debt4.2B524.7M518.1M646.7M500.1M475.1M
Net Tangible Assets3.6B4.8B5.1B5.2B6.0B4.1B
Retained Earnings(1.3B)(1.2B)(785.3M)(782.4M)(2.1B)(2.0B)
Other Stockholder Equity9.5M13.6M7.2M9.9M8.9M16.0M
Deferred Long Term Liab242.2M216.5M111.2M81.3M73.1M69.5M
Short Long Term Debt19.0B8.5B8.7B10.8B9.8B12.3B
Total Current Assets14.9B11.4B12.2B13.1B12.0B10.5B
Non Current Assets Total27.5B12.8B12.3B11.6B10.5B15.6B
Non Currrent Assets Other86.4M53.6M64.0M90.2M75.4M86.4M
Non Current Liabilities Total4.5B1.1B1.5B1.3B1.9B2.7B
Non Current Liabilities Other5.3B3.3B1.4M398.0M358.2M340.3M
Net Debt12.6B4.2B3.3B3.8B3.1B5.6B
Net Invested Capital27.7B14.6B15.2B17.4B15.0B15.9B
Net Working Capital(16.0B)(5.4B)(4.0B)(3.6B)(4.1B)(4.3B)

Currently Active Assets on Macroaxis

Other Information on Investing in Yangmei Stock

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