Chengtun Cash vs Long Term Investments Analysis

600711 Stock

4.74 0.02 0.42%

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

Cash vs Long Term Investments

Cash vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chengtun Mining Group Cash account and Long Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Chengtun Mining's Cash and Long Term Investments is 0.66. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Chengtun Mining Group, assuming nothing else is changed. The correlation between historical values of Chengtun Mining's Cash 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 Cash of Chengtun Mining Group 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 Cash i.e., Chengtun Mining's Cash and Long Term Investments go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash

Cash refers to the most liquid asset of Chengtun Mining Group, which is listed under current asset account on Chengtun Mining Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Chengtun Mining customers. The amounts must be unrestricted with restricted cash listed in a different Chengtun Mining account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Long Term Investments

Long Term Investments is an item on the asset side of Chengtun Mining balance sheet that represents investments Chengtun Mining Group intends to hold for over a year. Chengtun Mining Group long term investments may include different instruments such as stocks, bonds, real estate and cash.

Most indicators from Chengtun Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chengtun Mining Group 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 Chengtun Mining Group. 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 305.3 M, whereas Tax Provision is forecasted to decline to about 8 M.

	2021	2022	2023	2024 (projected)
Operating Income	3.5B	1.8B	1.4B	1.5B
Total Revenue	45.2B	25.4B	24.5B	25.7B

Operating Income Total Revenue

Chengtun Mining fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Retained Earnings	Short Term Investments	Long Term Debt	Other Liab	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.38	0.99	0.98	0.96	0.96	0.94	0.85	0.98	0.81	0.99	0.07	0.97	0.98	0.81	0.76	0.67	0.73	0.76	0.98	-0.71	0.88	0.79	0.92	0.92	0.63
Other Current Liab	0.38		0.43	0.51	0.54	0.17	0.46	0.5	0.44	0.74	0.3	0.79	0.44	0.27	0.75	0.68	-0.23	0.64	0.72	0.32	0.16	0.6	0.71	0.5	0.37	0.58
Total Current Liabilities	0.99	0.43		0.99	0.98	0.94	0.95	0.85	0.99	0.83	0.98	0.07	0.96	0.97	0.84	0.77	0.62	0.75	0.81	0.98	-0.69	0.91	0.83	0.94	0.92	0.67
Total Stockholder Equity	0.98	0.51	0.99		0.98	0.91	0.94	0.86	0.98	0.86	0.96	0.21	0.98	0.95	0.88	0.81	0.56	0.76	0.84	0.96	-0.64	0.92	0.85	0.94	0.91	0.66
Accounts Payable	0.96	0.54	0.98	0.98		0.87	0.96	0.82	0.97	0.85	0.93	0.15	0.93	0.93	0.88	0.8	0.5	0.75	0.9	0.96	-0.58	0.95	0.88	0.94	0.91	0.72
Cash	0.96	0.17	0.94	0.91	0.87		0.88	0.77	0.93	0.67	0.97	-0.12	0.91	0.96	0.67	0.59	0.75	0.61	0.61	0.95	-0.86	0.77	0.66	0.86	0.87	0.6
Other Assets	0.94	0.46	0.95	0.94	0.96	0.88		0.74	0.92	0.77	0.93	0.08	0.89	0.93	0.79	0.8	0.5	0.69	0.79	0.94	-0.6	0.89	0.77	0.91	0.9	0.79
Net Receivables	0.85	0.5	0.85	0.86	0.82	0.77	0.74		0.85	0.87	0.84	0.29	0.89	0.74	0.82	0.65	0.63	0.84	0.72	0.76	-0.43	0.75	0.81	0.78	0.68	0.47
Inventory	0.98	0.44	0.99	0.98	0.97	0.93	0.92	0.85		0.79	0.96	0.07	0.93	0.96	0.87	0.77	0.58	0.73	0.83	0.98	-0.7	0.91	0.85	0.95	0.91	0.64
Other Current Assets	0.81	0.74	0.83	0.86	0.85	0.67	0.77	0.87	0.79		0.78	0.49	0.87	0.7	0.85	0.71	0.45	0.88	0.82	0.72	-0.28	0.81	0.88	0.76	0.69	0.61
Total Liab	0.99	0.3	0.98	0.96	0.93	0.97	0.93	0.84	0.96	0.78		-0.01	0.96	0.97	0.76	0.71	0.74	0.71	0.7	0.97	-0.72	0.84	0.76	0.89	0.9	0.6
Intangible Assets	0.07	0.79	0.07	0.21	0.15	-0.12	0.08	0.29	0.07	0.49	-0.01		0.22	-0.05	0.44	0.39	-0.32	0.4	0.34	-0.05	0.34	0.22	0.36	0.14	0.03	0.19
Common Stock	0.97	0.44	0.96	0.98	0.93	0.91	0.89	0.89	0.93	0.87	0.96	0.22		0.92	0.81	0.73	0.67	0.75	0.76	0.92	-0.63	0.85	0.8	0.88	0.86	0.61
Property Plant Equipment	0.98	0.27	0.97	0.95	0.93	0.96	0.93	0.74	0.96	0.7	0.97	-0.05	0.92		0.75	0.75	0.63	0.63	0.71	0.99	-0.78	0.86	0.72	0.91	0.93	0.6
Retained Earnings	0.81	0.75	0.84	0.88	0.88	0.67	0.79	0.82	0.87	0.85	0.76	0.44	0.81	0.75		0.88	0.26	0.86	0.88	0.79	-0.38	0.93	0.95	0.93	0.84	0.63
Short Term Investments	0.76	0.68	0.77	0.81	0.8	0.59	0.8	0.65	0.77	0.71	0.71	0.39	0.73	0.75	0.88		0.14	0.69	0.74	0.75	-0.32	0.83	0.74	0.84	0.81	0.6
Long Term Debt	0.67	-0.23	0.62	0.56	0.5	0.75	0.5	0.63	0.58	0.45	0.74	-0.32	0.67	0.63	0.26	0.14		0.4	0.19	0.6	-0.6	0.34	0.35	0.44	0.49	0.11
Other Liab	0.73	0.64	0.75	0.76	0.75	0.61	0.69	0.84	0.73	0.88	0.71	0.4	0.75	0.63	0.86	0.69	0.4		0.71	0.65	-0.3	0.78	0.86	0.78	0.71	0.51
Good Will	0.76	0.72	0.81	0.84	0.9	0.61	0.79	0.72	0.83	0.82	0.7	0.34	0.76	0.71	0.88	0.74	0.19	0.71		0.77	-0.26	0.92	0.91	0.82	0.74	0.65
Net Tangible Assets	0.98	0.32	0.98	0.96	0.96	0.95	0.94	0.76	0.98	0.72	0.97	-0.05	0.92	0.99	0.79	0.75	0.6	0.65	0.77		-0.76	0.89	0.76	0.93	0.93	0.64
Other Stockholder Equity	-0.71	0.16	-0.69	-0.64	-0.58	-0.86	-0.6	-0.43	-0.7	-0.28	-0.72	0.34	-0.63	-0.78	-0.38	-0.32	-0.6	-0.3	-0.26	-0.76		-0.5	-0.33	-0.65	-0.69	-0.42
Deferred Long Term Liab	0.88	0.6	0.91	0.92	0.95	0.77	0.89	0.75	0.91	0.81	0.84	0.22	0.85	0.86	0.93	0.83	0.34	0.78	0.92	0.89	-0.5		0.93	0.97	0.94	0.72
Long Term Investments	0.79	0.71	0.83	0.85	0.88	0.66	0.77	0.81	0.85	0.88	0.76	0.36	0.8	0.72	0.95	0.74	0.35	0.86	0.91	0.76	-0.33	0.93		0.88	0.8	0.58
Total Current Assets	0.92	0.5	0.94	0.94	0.94	0.86	0.91	0.78	0.95	0.76	0.89	0.14	0.88	0.91	0.93	0.84	0.44	0.78	0.82	0.93	-0.65	0.97	0.88		0.97	0.69
Non Current Assets Total	0.92	0.37	0.92	0.91	0.91	0.87	0.9	0.68	0.91	0.69	0.9	0.03	0.86	0.93	0.84	0.81	0.49	0.71	0.74	0.93	-0.69	0.94	0.8	0.97		0.65
Non Currrent Assets Other	0.63	0.58	0.67	0.66	0.72	0.6	0.79	0.47	0.64	0.61	0.6	0.19	0.61	0.6	0.63	0.6	0.11	0.51	0.65	0.64	-0.42	0.72	0.58	0.69	0.65

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Chengtun Mining Account Relationship Matchups

Chengtun Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.0B	23.2B	27.3B	32.0B	37.7B	39.6B
Other Current Liab	2.6B	2.4B	2.2B	2.2B	180.7M	171.7M
Total Current Liabilities	9.2B	9.7B	11.3B	13.5B	15.6B	16.3B
Total Stockholder Equity	9.0B	10.7B	11.9B	14.0B	13.9B	14.6B
Accounts Payable	3.9B	4.0B	4.1B	4.6B	4.9B	5.2B
Cash	2.0B	1.4B	2.2B	3.9B	4.9B	5.1B
Other Assets	1.2B	1.2B	1.2B	1.3B	1.5B	1.6B
Net Receivables	1.3B	795.3M	1.7B	1.1B	1.5B	1.6B
Inventory	3.8B	3.5B	5.4B	6.5B	6.8B	7.1B
Other Current Assets	3.1B	3.5B	2.7B	2.9B	2.6B	2.7B
Total Liab	9.8B	12.0B	13.6B	15.2B	21.5B	22.6B
Intangible Assets	3.3B	3.8B	3.6B	3.6B	384.9M	365.7M
Common Stock	2.3B	2.6B	2.7B	3.1B	3.6B	3.8B
Property Plant Equipment	2.9B	5.8B	6.6B	9.0B	10.3B	10.9B
Retained Earnings	1.7B	1.7B	2.6B	2.3B	2.0B	1.0B
Short Term Investments	327.0M	815.3M	1.2B	879.4M	537.7M	405.2M
Long Term Debt	594.6M	969.4M	696.2M	453.3M	4.1B	4.3B
Other Liab	705.4M	695.3M	790.1M	746.0M	857.9M	473.0M
Good Will	1.2B	1.1B	1.1B	1.1B	990.0M	964.4M
Net Tangible Assets	4.6B	5.8B	7.2B	9.3B	10.7B	11.3B
Other Stockholder Equity	38.1M	111.7M	31.8M	(354.7M)	(319.2M)	(303.2M)
Deferred Long Term Liab	142.3M	152.9M	159.9M	177.8M	204.5M	113.2M
Total Current Assets	10.5B	10.8B	14.4B	16.2B	18.0B	11.4B
Non Current Assets Total	9.0B	12.5B	13.0B	15.7B	19.7B	12.0B
Non Currrent Assets Other	794.6M	380.5M	343.6M	605.3M	415.5M	378.9M
Non Current Liabilities Total	1.2B	2.3B	2.2B	1.6B	5.9B	6.2B
Short Long Term Debt	2.1B	2.9B	4.6B	5.9B	6.9B	3.6B
Non Current Liabilities Other	117.3M	61.2M	63.3M	63.6M	64.5M	61.3M
Net Debt	392.7M	2.5B	3.1B	2.4B	6.1B	6.4B
Common Stock Shares Outstanding	2.3B	2.6B	2.7B	3.1B	3.1B	2.7B
Net Invested Capital	11.3B	14.6B	17.2B	20.4B	24.9B	16.9B
Net Working Capital	1.4B	1.1B	3.0B	2.7B	2.4B	2.3B
Capital Stock	2.3B	2.6B	2.7B	3.1B	3.1B	2.9B

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Other Information on Investing in Chengtun Stock

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

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Chengtun Cash vs Long Term Investments Analysis

Cash vs Long Term Investments

Cash vs Long Term Investments Correlation Analysis

Correlation Coefficient

Cash

Long Term Investments

Chengtun Mining fundamental ratios Correlations

Chengtun Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chengtun Mining fundamental ratios Accounts

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Other Information on Investing in Chengtun Stock

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Total Current Liabilities	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Current Liabilities
Inventory	+ 0.99	Total Current Liabilities
Net Tangible Assets	+ 0.99	Property Plant Equipment
Total Stockholder Equity	+ 0.98	Total Assets

Other Stockholder Equity	- 0.86	Cash
Other Stockholder Equity	- 0.78	Property Plant Equipment
Other Stockholder Equity	- 0.76	Net Tangible Assets
Other Stockholder Equity	- 0.72	Total Liab
Other Stockholder Equity	- 0.71	Total Assets
Other Stockholder Equity	- 0.7	Inventory