Chengtun Other Current Assets vs Non Currrent Assets Other Analysis

600711 Stock   4.82  0.05  1.05%   
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 Other 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 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.

Other Current Assets vs Non Currrent Assets Other

Other 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 Chengtun Mining Group Other Current Assets account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between Chengtun Mining's Other Current Assets and Non Currrent Assets Other is 0.61. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Non Currrent Assets Other 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 Other 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 Other Current Assets of Chengtun Mining Group 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 Other Current Assets i.e., Chengtun Mining's Other Current Assets and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.61
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

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 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 Income3.5B1.8B1.4B1.5B
Total Revenue45.2B25.4B24.5B25.7B

Chengtun Mining fundamental ratios Correlations

0.380.990.980.960.960.940.850.980.810.990.070.970.980.810.760.670.730.760.98-0.710.880.790.920.920.63
0.380.430.510.540.170.460.50.440.740.30.790.440.270.750.68-0.230.640.720.320.160.60.710.50.370.58
0.990.430.990.980.940.950.850.990.830.980.070.960.970.840.770.620.750.810.98-0.690.910.830.940.920.67
0.980.510.990.980.910.940.860.980.860.960.210.980.950.880.810.560.760.840.96-0.640.920.850.940.910.66
0.960.540.980.980.870.960.820.970.850.930.150.930.930.880.80.50.750.90.96-0.580.950.880.940.910.72
0.960.170.940.910.870.880.770.930.670.97-0.120.910.960.670.590.750.610.610.95-0.860.770.660.860.870.6
0.940.460.950.940.960.880.740.920.770.930.080.890.930.790.80.50.690.790.94-0.60.890.770.910.90.79
0.850.50.850.860.820.770.740.850.870.840.290.890.740.820.650.630.840.720.76-0.430.750.810.780.680.47
0.980.440.990.980.970.930.920.850.790.960.070.930.960.870.770.580.730.830.98-0.70.910.850.950.910.64
0.810.740.830.860.850.670.770.870.790.780.490.870.70.850.710.450.880.820.72-0.280.810.880.760.690.61
0.990.30.980.960.930.970.930.840.960.78-0.010.960.970.760.710.740.710.70.97-0.720.840.760.890.90.6
0.070.790.070.210.15-0.120.080.290.070.49-0.010.22-0.050.440.39-0.320.40.34-0.050.340.220.360.140.030.19
0.970.440.960.980.930.910.890.890.930.870.960.220.920.810.730.670.750.760.92-0.630.850.80.880.860.61
0.980.270.970.950.930.960.930.740.960.70.97-0.050.920.750.750.630.630.710.99-0.780.860.720.910.930.6
0.810.750.840.880.880.670.790.820.870.850.760.440.810.750.880.260.860.880.79-0.380.930.950.930.840.63
0.760.680.770.810.80.590.80.650.770.710.710.390.730.750.880.140.690.740.75-0.320.830.740.840.810.6
0.67-0.230.620.560.50.750.50.630.580.450.74-0.320.670.630.260.140.40.190.6-0.60.340.350.440.490.11
0.730.640.750.760.750.610.690.840.730.880.710.40.750.630.860.690.40.710.65-0.30.780.860.780.710.51
0.760.720.810.840.90.610.790.720.830.820.70.340.760.710.880.740.190.710.77-0.260.920.910.820.740.65
0.980.320.980.960.960.950.940.760.980.720.97-0.050.920.990.790.750.60.650.77-0.760.890.760.930.930.64
-0.710.16-0.69-0.64-0.58-0.86-0.6-0.43-0.7-0.28-0.720.34-0.63-0.78-0.38-0.32-0.6-0.3-0.26-0.76-0.5-0.33-0.65-0.69-0.42
0.880.60.910.920.950.770.890.750.910.810.840.220.850.860.930.830.340.780.920.89-0.50.930.970.940.72
0.790.710.830.850.880.660.770.810.850.880.760.360.80.720.950.740.350.860.910.76-0.330.930.880.80.58
0.920.50.940.940.940.860.910.780.950.760.890.140.880.910.930.840.440.780.820.93-0.650.970.880.970.69
0.920.370.920.910.910.870.90.680.910.690.90.030.860.930.840.810.490.710.740.93-0.690.940.80.970.65
0.630.580.670.660.720.60.790.470.640.610.60.190.610.60.630.60.110.510.650.64-0.420.720.580.690.65
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Chengtun Mining Account Relationship Matchups

Chengtun Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets19.0B23.2B27.3B32.0B37.7B39.6B
Other Current Liab2.6B2.4B2.2B2.2B180.7M171.7M
Total Current Liabilities9.2B9.7B11.3B13.5B15.6B16.3B
Total Stockholder Equity9.0B10.7B11.9B14.0B13.9B14.6B
Accounts Payable3.9B4.0B4.1B4.6B4.9B5.2B
Cash2.0B1.4B2.2B3.9B4.9B5.1B
Other Assets1.2B1.2B1.2B1.3B1.5B1.6B
Net Receivables1.3B795.3M1.7B1.1B1.5B1.6B
Inventory3.8B3.5B5.4B6.5B6.8B7.1B
Other Current Assets3.1B3.5B2.7B2.9B2.6B2.7B
Total Liab9.8B12.0B13.6B15.2B21.5B22.6B
Intangible Assets3.3B3.8B3.6B3.6B384.9M365.7M
Common Stock2.3B2.6B2.7B3.1B3.6B3.8B
Property Plant Equipment2.9B5.8B6.6B9.0B10.3B10.9B
Retained Earnings1.7B1.7B2.6B2.3B2.0B1.0B
Short Term Investments327.0M815.3M1.2B879.4M537.7M405.2M
Long Term Debt594.6M969.4M696.2M453.3M4.1B4.3B
Other Liab705.4M695.3M790.1M746.0M857.9M473.0M
Good Will1.2B1.1B1.1B1.1B990.0M964.4M
Net Tangible Assets4.6B5.8B7.2B9.3B10.7B11.3B
Other Stockholder Equity38.1M111.7M31.8M(354.7M)(319.2M)(303.2M)
Deferred Long Term Liab142.3M152.9M159.9M177.8M204.5M113.2M
Total Current Assets10.5B10.8B14.4B16.2B18.0B11.4B
Non Current Assets Total9.0B12.5B13.0B15.7B19.7B12.0B
Non Currrent Assets Other794.6M380.5M343.6M605.3M415.5M378.9M
Non Current Liabilities Total1.2B2.3B2.2B1.6B5.9B6.2B
Short Long Term Debt2.1B2.9B4.6B5.9B6.9B3.6B
Non Current Liabilities Other117.3M61.2M63.3M63.6M64.5M61.3M
Net Debt392.7M2.5B3.1B2.4B6.1B6.4B
Common Stock Shares Outstanding2.3B2.6B2.7B3.1B3.1B2.7B
Net Invested Capital11.3B14.6B17.2B20.4B24.9B16.9B
Net Working Capital1.4B1.1B3.0B2.7B2.4B2.3B
Capital Stock2.3B2.6B2.7B3.1B3.1B2.9B

Currently Active Assets on Macroaxis

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.