Jiangsu Total Current Assets vs Cash Analysis

600959 Stock   3.56  0.01  0.28%   
Jiangsu Broadcasting financial indicator trend analysis is infinitely more than just investigating Jiangsu Broadcasting recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangsu Broadcasting is a good investment. Please check the relationship between Jiangsu Broadcasting Total Current Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangsu Broadcasting Cable. 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 Assets vs Cash

Total Current Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiangsu Broadcasting Total Current Assets account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Jiangsu Broadcasting's Total Current Assets and Cash is 0.63. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Jiangsu Broadcasting Cable, assuming nothing else is changed. The correlation between historical values of Jiangsu Broadcasting's Total Current Assets and Cash 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 Assets of Jiangsu Broadcasting Cable are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Assets i.e., Jiangsu Broadcasting's Total Current Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.63
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Cash

Cash refers to the most liquid asset of Jiangsu Broadcasting, which is listed under current asset account on Jiangsu Broadcasting Cable balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Jiangsu Broadcasting customers. The amounts must be unrestricted with restricted cash listed in a different Jiangsu Broadcasting 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.
Most indicators from Jiangsu Broadcasting's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangsu Broadcasting 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 Jiangsu Broadcasting Cable. 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 29, 2024, Selling General Administrative is expected to decline to about 869.1 M. The current year's Tax Provision is expected to grow to about (5.2 M)
 2021 2022 2023 2024 (projected)
Income Before Tax381.6M408.3M421.6M521.8M
Cost Of Revenue5.3B5.5B5.8B4.7B

Jiangsu Broadcasting fundamental ratios Correlations

0.550.970.92-0.870.960.990.70.490.980.960.670.970.90.960.990.81-0.750.820.830.320.530.390.910.280.78
0.550.520.55-0.540.510.590.170.060.480.590.180.550.510.490.510.6-0.410.490.430.26-0.210.190.380.110.37
0.970.520.92-0.920.90.950.570.310.970.980.791.00.920.960.950.75-0.870.690.880.110.640.340.950.20.84
0.920.550.92-0.960.930.930.470.220.910.890.70.920.930.980.920.7-0.840.750.960.090.580.190.80.030.84
-0.87-0.54-0.92-0.96-0.85-0.88-0.34-0.08-0.87-0.89-0.79-0.91-0.91-0.95-0.87-0.650.92-0.63-0.970.08-0.66-0.23-0.82-0.06-0.89
0.960.510.90.93-0.850.960.660.490.920.870.570.910.910.950.960.75-0.690.870.830.350.470.390.80.260.73
0.990.590.950.93-0.880.960.630.490.970.940.640.960.910.960.990.8-0.740.790.860.350.510.390.880.270.79
0.70.170.570.47-0.340.660.630.750.680.610.230.60.460.560.660.66-0.170.760.30.60.250.390.630.440.28
0.490.060.310.22-0.080.490.490.750.450.31-0.040.330.220.340.520.420.130.540.080.90.040.50.370.550.06
0.980.480.970.91-0.870.920.970.680.450.970.690.970.910.960.980.79-0.750.720.850.260.630.380.930.30.78
0.960.590.980.89-0.890.870.940.610.310.970.760.990.890.930.930.82-0.820.680.840.140.580.320.960.220.82
0.670.180.790.7-0.790.570.640.23-0.040.690.760.770.70.710.640.46-0.920.310.79-0.370.820.130.83-0.050.94
0.970.551.00.92-0.910.910.960.60.330.970.990.770.920.950.960.8-0.840.710.870.140.610.330.960.210.84
0.90.510.920.93-0.910.910.910.460.220.910.890.70.920.920.90.72-0.810.670.90.060.60.30.820.190.83
0.960.490.960.98-0.950.950.960.560.340.960.930.710.950.920.970.72-0.820.750.940.170.640.260.870.120.82
0.990.510.950.92-0.870.960.990.660.520.980.930.640.960.90.970.76-0.730.780.850.350.560.40.890.290.75
0.810.60.750.7-0.650.750.80.660.420.790.820.460.80.720.720.76-0.490.70.60.320.280.160.770.270.61
-0.75-0.41-0.87-0.840.92-0.69-0.74-0.170.13-0.75-0.82-0.92-0.84-0.81-0.82-0.73-0.49-0.44-0.90.34-0.71-0.11-0.80.13-0.92
0.820.490.690.75-0.630.870.790.760.540.720.680.310.710.670.750.780.7-0.440.550.50.150.40.590.30.51
0.830.430.880.96-0.970.830.860.30.080.850.840.790.870.90.940.850.6-0.90.55-0.110.730.080.79-0.090.88
0.320.260.110.090.080.350.350.60.90.260.14-0.370.140.060.170.350.320.340.5-0.11-0.350.440.10.5-0.21
0.53-0.210.640.58-0.660.470.510.250.040.630.580.820.610.60.640.560.28-0.710.150.73-0.350.070.71-0.020.72
0.390.190.340.19-0.230.390.390.390.50.380.320.130.330.30.260.40.16-0.110.40.080.440.070.280.90.18
0.910.380.950.8-0.820.80.880.630.370.930.960.830.960.820.870.890.77-0.80.590.790.10.710.280.210.82
0.280.110.20.03-0.060.260.270.440.550.30.22-0.050.210.190.120.290.270.130.3-0.090.5-0.020.90.210.01
0.780.370.840.84-0.890.730.790.280.060.780.820.940.840.830.820.750.61-0.920.510.88-0.210.720.180.820.01
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Jiangsu Broadcasting Account Relationship Matchups

Jiangsu Broadcasting fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets32.6B33.7B35.2B36.9B37.2B30.5B
Other Current Liab5.1B5.8B6.0B8.2B2.4B2.3B
Total Current Liabilities9.4B11.3B11.5B12.6B13.4B9.7B
Total Stockholder Equity21.6B21.6B21.8B22.0B22.3B17.8B
Other Liab77.5M69.8M58.8M52.7M47.4M81.2M
Retained Earnings3.5B3.5B3.7B3.1B3.3B2.8B
Accounts Payable2.9B2.8B2.7B3.1B2.9B2.5B
Cash3.2B3.4B3.7B4.5B5.2B4.6B
Other Assets2.4B2.1B1.9B1.9B2.1B2.5B
Net Receivables911.5M874.9M862.0M1.1B1.3B808.7M
Inventory850.0M1.0B1.2B1.7B1.5B929.6M
Other Current Assets635.9M1.6B1.7B2.0B2.5B2.6B
Total Liab10.2B11.4B12.6B14.1B14.1B10.4B
Intangible Assets515.0M508.2M604.0M578.4M603.6M465.6M
Property Plant Equipment21.1B20.8B20.7B20.5B23.6B17.8B
Long Term Debt827M19M1.0B1.4B635.5M674.1M
Net Tangible Assets21.0B21.1B21.1B21.4B24.6B19.6B
Deferred Long Term Liab2.3B2.2B1.9B1.7B1.5B1.7B
Short Long Term Debt90M583.1M144.1M106.6M163.6M215.1M
Total Current Assets7.9B8.4B9.6B10.5B11.4B9.8B
Non Current Assets Total24.7B25.3B25.6B26.4B25.8B27.2B
Non Currrent Assets Other229.7M675.9M84.1M181.9M111.8M208.3M
Non Current Liabilities Total896.8M77.8M1.2B1.5B747.7M973.4M
Non Current Liabilities Other827M30.0M19.5M2.7M178.9K170.0K
Net Invested Capital22.5B22.2B23.0B23.5B23.1B23.9B
Net Working Capital(1.4B)(2.9B)(1.9B)(2.1B)(1.9B)(2.0B)

Currently Active Assets on Macroaxis

Other Information on Investing in Jiangsu Stock

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