Chifeng Total Liab vs Other Current Assets Analysis

600988 Stock   16.84  0.27  1.58%   
Chifeng Jilong financial indicator trend analysis is way more than just evaluating Chifeng Jilong Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chifeng Jilong Gold is a good investment. Please check the relationship between Chifeng Jilong Total Liab and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chifeng Jilong Gold. 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 Liab vs Other Current Assets

Total Liab vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chifeng Jilong Gold Total Liab account and Other Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Chifeng Jilong's Total Liab and Other Current Assets is 0.22. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Chifeng Jilong Gold, assuming nothing else is changed. The correlation between historical values of Chifeng Jilong's Total Liab and Other Current Assets 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 Liab of Chifeng Jilong Gold are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Liab i.e., Chifeng Jilong's Total Liab and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.22
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

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.
Most indicators from Chifeng Jilong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chifeng Jilong Gold 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 Chifeng Jilong Gold. 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 89.5 M. In addition to that, Tax Provision is expected to decline to about 173.1 M
 2021 2022 2023 2024 (projected)
Operating Income841.0M984.8M1.5B1.5B
Total Revenue3.8B6.3B7.2B7.6B

Chifeng Jilong fundamental ratios Correlations

-0.210.980.950.960.920.740.510.790.890.240.990.950.860.850.140.740.660.75-0.85-0.83-0.81-0.160.870.960.1
-0.21-0.3-0.04-0.06-0.080.180.5-0.280.010.14-0.25-0.440.180.27-0.62-0.020.420.06-0.1-0.25-0.27-0.170.15-0.40.45
0.98-0.30.910.920.870.680.470.790.850.230.970.960.80.770.240.70.540.69-0.77-0.73-0.72-0.10.790.960.01
0.95-0.040.910.980.860.860.620.660.860.340.890.830.940.880.090.740.650.84-0.9-0.87-0.87-0.030.890.840.26
0.96-0.060.920.980.870.880.530.640.820.20.910.870.90.850.060.750.660.86-0.94-0.9-0.86-0.160.910.890.24
0.92-0.080.870.860.870.660.520.730.880.30.930.850.820.840.080.860.740.73-0.81-0.86-0.85-0.220.880.870.01
0.740.180.680.860.880.660.560.260.54-0.020.660.630.780.71-0.130.510.570.89-0.96-0.89-0.77-0.290.830.640.58
0.510.50.470.620.530.520.560.390.620.460.470.30.680.75-0.260.420.70.54-0.53-0.63-0.62-0.050.650.320.39
0.79-0.280.790.660.640.730.260.390.890.520.830.720.680.730.080.590.590.32-0.41-0.49-0.630.050.610.77-0.21
0.890.010.850.860.820.880.540.620.890.60.890.730.90.94-0.020.790.780.59-0.66-0.75-0.870.010.830.78-0.02
0.240.140.230.340.20.3-0.020.460.520.60.220.030.520.50.060.460.320.15-0.02-0.12-0.450.630.30.06-0.12
0.99-0.250.970.890.910.930.660.470.830.890.220.960.810.820.130.730.670.68-0.79-0.8-0.78-0.20.840.980.03
0.95-0.440.960.830.870.850.630.30.720.730.030.960.670.650.30.660.480.66-0.76-0.7-0.62-0.220.740.99-0.03
0.860.180.80.940.90.820.780.680.680.90.520.810.670.96-0.060.740.770.77-0.83-0.86-0.950.00.90.70.32
0.850.270.770.880.850.840.710.750.730.940.50.820.650.96-0.210.730.890.68-0.79-0.88-0.93-0.10.90.690.26
0.14-0.620.240.090.060.08-0.13-0.260.08-0.020.060.130.3-0.06-0.210.18-0.470.050.090.230.190.41-0.130.22-0.42
0.74-0.020.70.740.750.860.510.420.590.790.460.730.660.740.730.180.630.72-0.67-0.72-0.77-0.030.810.67-0.2
0.660.420.540.650.660.740.570.70.590.780.320.670.480.770.89-0.470.630.55-0.68-0.85-0.82-0.350.820.540.28
0.750.060.690.840.860.730.890.540.320.590.150.680.660.770.680.050.720.55-0.91-0.85-0.79-0.110.90.660.43
-0.85-0.1-0.77-0.9-0.94-0.81-0.96-0.53-0.41-0.66-0.02-0.79-0.76-0.83-0.790.09-0.67-0.68-0.910.960.850.32-0.91-0.77-0.45
-0.83-0.25-0.73-0.87-0.9-0.86-0.89-0.63-0.49-0.75-0.12-0.8-0.7-0.86-0.880.23-0.72-0.85-0.850.960.90.37-0.95-0.73-0.4
-0.81-0.27-0.72-0.87-0.86-0.85-0.77-0.62-0.63-0.87-0.45-0.78-0.62-0.95-0.930.19-0.77-0.82-0.790.850.90.12-0.94-0.67-0.36
-0.16-0.17-0.1-0.03-0.16-0.22-0.29-0.050.050.010.63-0.2-0.220.0-0.10.41-0.03-0.35-0.110.320.370.12-0.23-0.24-0.14
0.870.150.790.890.910.880.830.650.610.830.30.840.740.90.9-0.130.810.820.9-0.91-0.95-0.94-0.230.770.33
0.96-0.40.960.840.890.870.640.320.770.780.060.980.990.70.690.220.670.540.66-0.77-0.73-0.67-0.240.77-0.02
0.10.450.010.260.240.010.580.39-0.21-0.02-0.120.03-0.030.320.26-0.42-0.20.280.43-0.45-0.4-0.36-0.140.33-0.02
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Chifeng Jilong Account Relationship Matchups

Chifeng Jilong fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.8B7.2B8.1B17.5B18.7B19.7B
Other Current Liab549.0M584.6M583.0M298.4K1.2M1.1M
Total Current Liabilities1.5B1.1B1.3B3.3B3.7B3.9B
Total Stockholder Equity2.9B4.1B4.6B5.2B6.2B6.5B
Retained Earnings1.4B2.2B2.8B3.1B3.8B4.0B
Accounts Payable434.3M178.0M440.4M851.4M552.5M580.1M
Cash531.2M2.1B1.8B1.3B1.7B1.7B
Other Assets213.8M262.6M252.3M191.4M220.2M123.1M
Net Receivables426.6M8.0M25.3M368.9M513.2M538.9M
Inventory2.2B771.8M1.4B2.2B2.4B2.5B
Other Current Assets183.2M48.9M95.7M89.1M103.1M61.5M
Total Liab4.5B2.8B3.1B10.1B10.2B10.7B
Intangible Assets649.5M757.3M1.2B6.7B6.5B6.9B
Property Plant Equipment3.3B3.2B2.6B2.9B3.3B3.5B
Long Term Debt766.1M768.1M26.1M1.5B1.4B719.4M
Other Liab3.0B2.1B1.7B1.7B2.0B1.3B
Net Tangible Assets1.2B1.9B3.3B3.4B3.9B2.3B
Other Stockholder Equity(264.5M)(232.3M)(380.3M)(430.3M)(387.2M)(367.9M)
Deferred Long Term Liab38.8M3.5M7.0M2.9M2.6M2.5M
Total Current Assets3.3B3.6B3.8B4.1B4.9B3.4B
Non Current Assets Total4.4B3.6B4.3B13.4B13.8B14.5B
Non Currrent Assets Other180.8M2.8B178.2M141.1M208.8M198.4M
Non Current Liabilities Total3.0B1.7B1.7B6.9B6.5B3.4B
Short Long Term Debt158.9M385.1M165.0M488.4M850.0M892.5M
Non Current Liabilities Other1.7B1.7B1.7B2.6B2.4B1.7B
Net Invested Capital4.1B4.3B4.6B7.2B8.4B5.6B
Net Working Capital1.8B2.5B2.4B829.6M1.2B1.3B

Currently Active Assets on Macroaxis

Other Information on Investing in Chifeng Stock

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