Chongqing Good Will vs Retained Earnings Analysis

600729 Stock

32.38 2.15 7.11%

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

Good Will vs Retained Earnings

Good Will vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Department Good Will account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Chongqing Department's Good Will and Retained Earnings is -0.62. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Chongqing Department Store, assuming nothing else is changed. The correlation between historical values of Chongqing Department's Good Will and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Chongqing Department Store are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Good Will i.e., Chongqing Department's Good Will and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.62

Relationship Direction	Negative
Relationship Strength	Weak

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Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Chongqing Department's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Department 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 Chongqing Department Store. 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 December 11, 2024, Selling General Administrative is expected to decline to about 2.4 B. In addition to that, Tax Provision is expected to decline to about 99.6 M

	2021	2022	2023	2024 (projected)
Operating Income	1.1B	782.8M	1.2B	628.9M
Total Revenue	21.1B	18.3B	19.0B	19.5B

Operating Income Total Revenue

Chongqing Department 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	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	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		0.16	0.92	0.94	0.79	0.61	0.49	0.63	0.72	0.14	0.43	0.86	0.31	0.98	0.42	0.9	0.6	0.79	-0.78	0.56	-0.64	-0.33	0.59	0.3	-0.39	0.67
Other Current Liab	0.16		0.44	0.28	-0.01	0.71	0.61	-0.45	0.23	0.31	0.01	0.47	0.67	0.08	0.21	0.33	-0.5	-0.21	-0.42	-0.28	0.38	-0.01	-0.42	-0.69	0.6	-0.33
Total Current Liabilities	0.92	0.44		0.87	0.67	0.83	0.69	0.4	0.83	0.28	0.36	0.9	0.47	0.88	0.42	0.94	0.39	0.57	-0.91	0.37	-0.38	-0.26	0.35	0.13	-0.15	0.44
Total Stockholder Equity	0.94	0.28	0.87		0.86	0.64	0.47	0.56	0.66	0.21	0.49	0.9	0.44	0.84	0.53	0.86	0.44	0.77	-0.72	0.6	-0.61	-0.42	0.59	0.23	-0.26	0.68
Retained Earnings	0.79	-0.01	0.67	0.86		0.44	0.29	0.81	0.68	0.11	0.5	0.76	0.2	0.7	0.46	0.64	0.67	0.84	-0.62	0.77	-0.82	-0.5	0.85	0.56	-0.51	0.81
Accounts Payable	0.61	0.71	0.83	0.64	0.44		0.75	0.04	0.77	0.46	0.35	0.83	0.51	0.56	0.32	0.79	0.06	0.24	-0.89	0.02	-0.08	-0.33	0.07	-0.22	0.03	0.16
Cash	0.49	0.61	0.69	0.47	0.29	0.75		0.03	0.64	0.06	-0.07	0.54	0.18	0.47	-0.22	0.63	0.04	0.16	-0.71	0.23	0.0	0.17	0.0	-0.03	0.32	0.01
Other Assets	0.63	-0.45	0.4	0.56	0.81	0.04	0.03		0.53	-0.09	0.42	0.4	-0.28	0.63	0.23	0.43	0.88	0.78	-0.39	0.72	-0.85	-0.38	0.85	0.82	-0.75	0.79
Long Term Debt	0.72	0.23	0.83	0.66	0.68	0.77	0.64	0.53		0.3	0.29	0.71	0.23	0.72	0.26	0.85	0.62	0.42	-0.96	0.3	-0.36	-0.23	0.39	0.37	-0.36	0.37
Net Receivables	0.14	0.31	0.28	0.21	0.11	0.46	0.06	-0.09	0.3		0.54	0.43	0.35	0.08	0.56	0.34	-0.1	-0.19	-0.36	-0.37	0.27	-0.52	-0.16	-0.22	-0.17	0.17
Short Term Investments	0.43	0.01	0.36	0.49	0.5	0.35	-0.07	0.42	0.29	0.54		0.59	0.04	0.36	0.69	0.42	0.2	0.52	-0.32	0.1	-0.44	-0.94	0.43	0.12	-0.59	0.64
Inventory	0.86	0.47	0.9	0.9	0.76	0.83	0.54	0.4	0.71	0.43	0.59		0.49	0.78	0.57	0.83	0.29	0.63	-0.81	0.38	-0.47	-0.57	0.45	0.03	-0.25	0.58
Other Current Assets	0.31	0.67	0.47	0.44	0.2	0.51	0.18	-0.28	0.23	0.35	0.04	0.49		0.2	0.64	0.37	-0.21	-0.04	-0.36	-0.14	0.18	-0.08	-0.18	-0.45	0.33	-0.12
Total Liab	0.98	0.08	0.88	0.84	0.7	0.56	0.47	0.63	0.72	0.08	0.36	0.78	0.2		0.31	0.87	0.65	0.74	-0.76	0.5	-0.61	-0.25	0.55	0.32	-0.44	0.62
Intangible Assets	0.42	0.21	0.42	0.53	0.46	0.32	-0.22	0.23	0.26	0.56	0.69	0.57	0.64	0.31		0.4	0.11	0.31	-0.31	-0.02	-0.21	-0.68	0.21	-0.05	-0.32	0.37
Common Stock	0.9	0.33	0.94	0.86	0.64	0.79	0.63	0.43	0.85	0.34	0.42	0.83	0.37	0.87	0.4		0.47	0.53	-0.91	0.29	-0.34	-0.27	0.33	0.18	-0.25	0.45
Property Plant Equipment	0.6	-0.5	0.39	0.44	0.67	0.06	0.04	0.88	0.62	-0.1	0.2	0.29	-0.21	0.65	0.11	0.47		0.62	-0.46	0.54	-0.7	-0.17	0.72	0.77	-0.78	0.61
Other Liab	0.79	-0.21	0.57	0.77	0.84	0.24	0.16	0.78	0.42	-0.19	0.52	0.63	-0.04	0.74	0.31	0.53	0.62		-0.39	0.81	-0.95	-0.49	0.9	0.52	-0.57	0.87
Good Will	-0.78	-0.42	-0.91	-0.72	-0.62	-0.89	-0.71	-0.39	-0.96	-0.36	-0.32	-0.81	-0.36	-0.76	-0.31	-0.91	-0.46	-0.39		-0.2	0.27	0.26	-0.28	-0.15	0.23	-0.31
Net Tangible Assets	0.56	-0.28	0.37	0.6	0.77	0.02	0.23	0.72	0.3	-0.37	0.1	0.38	-0.14	0.5	-0.02	0.29	0.54	0.81	-0.2		-0.82	-0.08	0.84	0.69	-0.27	0.74
Other Stockholder Equity	-0.64	0.38	-0.38	-0.61	-0.82	-0.08	0.0	-0.85	-0.36	0.27	-0.44	-0.47	0.18	-0.61	-0.21	-0.34	-0.7	-0.95	0.27	-0.82		0.47	-0.97	-0.62	0.68	-0.86
Deferred Long Term Liab	-0.33	-0.01	-0.26	-0.42	-0.5	-0.33	0.17	-0.38	-0.23	-0.52	-0.94	-0.57	-0.08	-0.25	-0.68	-0.27	-0.17	-0.49	0.26	-0.08	0.47		-0.47	-0.05	0.63	-0.61
Long Term Investments	0.59	-0.42	0.35	0.59	0.85	0.07	0.0	0.85	0.39	-0.16	0.43	0.45	-0.18	0.55	0.21	0.33	0.72	0.9	-0.28	0.84	-0.97	-0.47		0.7	-0.69	0.9
Short Long Term Debt	0.3	-0.69	0.13	0.23	0.56	-0.22	-0.03	0.82	0.37	-0.22	0.12	0.03	-0.45	0.32	-0.05	0.18	0.77	0.52	-0.15	0.69	-0.62	-0.05	0.7		-0.57	0.57
Total Current Assets	-0.39	0.6	-0.15	-0.26	-0.51	0.03	0.32	-0.75	-0.36	-0.17	-0.59	-0.25	0.33	-0.44	-0.32	-0.25	-0.78	-0.57	0.23	-0.27	0.68	0.63	-0.69	-0.57		-0.69
Short Term Debt	0.67	-0.33	0.44	0.68	0.81	0.16	0.01	0.79	0.37	0.17	0.64	0.58	-0.12	0.62	0.37	0.45	0.61	0.87	-0.31	0.74	-0.86	-0.61	0.9	0.57	-0.69

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Chongqing Department Account Relationship Matchups

Chongqing Department fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.1B	16.8B	17.7B	17.2B	18.6B	9.6B
Other Current Liab	3.2B	3.7B	2.9B	182.0M	194.1M	184.4M
Total Current Liabilities	8.4B	9.4B	8.1B	8.4B	9.0B	5.6B
Total Stockholder Equity	6.3B	6.9B	5.8B	5.2B	6.2B	3.4B
Retained Earnings	5.5B	6.5B	5.3B	4.4B	5.4B	5.7B
Accounts Payable	4.3B	3.8B	3.4B	3.1B	2.9B	2.6B
Cash	4.0B	5.2B	3.5B	2.4B	4.1B	2.5B
Other Assets	941.4M	556.4M	1.5B	1.6B	1.8B	1.9B
Net Receivables	493.7M	190.2M	233.3M	241.3M	260.7M	266.8M
Inventory	2.8B	2.8B	2.5B	2.3B	2.1B	1.6B
Other Current Assets	1.6B	939.4M	792.4M	251.0M	198.8M	188.8M
Total Liab	8.7B	9.7B	11.8B	12.0B	12.3B	6.1B
Intangible Assets	222.5M	213.1M	193.9M	183.3M	173.0M	142.2M
Property Plant Equipment	3.2B	3.1B	3.0B	6.0B	6.9B	7.2B
Other Liab	302.7M	303.0M	365.1M	343.7M	395.2M	203.0M
Net Tangible Assets	5.2B	6.1B	7.0B	5.6B	6.4B	5.9B
Other Stockholder Equity	(50.6M)	(43.1M)	(55.8M)	(61.7M)	(55.6M)	(52.8M)
Deferred Long Term Liab	184.3M	225.1M	236.2M	222.7M	256.1M	234.8M
Short Long Term Debt	235.3M	1.2B	274.3M	1.2B	2.1B	2.2B
Total Current Assets	9.3B	10.2B	7.3B	6.3B	7.5B	6.6B
Non Current Assets Total	5.9B	6.6B	10.4B	10.9B	11.2B	8.4B
Non Currrent Assets Other	63.8M	61.2M	77.5M	53.1M	181.9M	200.0M
Non Current Liabilities Total	303.0M	319.0M	3.7B	3.5B	3.3B	3.4B
Non Current Liabilities Other	72.5M	24.1M	37.9M	28.2M	14.9M	25.9M
Net Invested Capital	6.5B	8.1B	6.1B	6.3B	8.3B	7.3B
Net Working Capital	874.2M	770.2M	(731.9M)	(2.1B)	(1.5B)	(1.5B)

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

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Chongqing Good Will vs Retained Earnings Analysis

Good Will vs Retained Earnings

Good Will vs Retained Earnings Correlation Analysis

Correlation Coefficient

Good Will

Retained Earnings

Chongqing Department fundamental ratios Correlations

Chongqing Department Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chongqing Department fundamental ratios Accounts

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Other Information on Investing in Chongqing Stock

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Total Liab	+ 0.98	Total Assets
Total Stockholder Equity	+ 0.94	Total Assets
Common Stock	+ 0.94	Total Current Liabilities
Total Current Liabilities	+ 0.92	Total Assets
Common Stock	+ 0.9	Total Assets
Inventory	+ 0.9	Total Current Liabilities

Long Term Investments	- 0.97	Other Stockholder Equity
Good Will	- 0.96	Long Term Debt
Other Stockholder Equity	- 0.95	Other Liab
Deferred Long Term Liab	- 0.94	Short Term Investments
Good Will	- 0.91	Common Stock
Good Will	- 0.91	Total Current Liabilities