China Common Stock vs Total Assets Analysis

601068 Stock   4.70  0.18  3.69%   
China Aluminum financial indicator trend analysis is way more than just evaluating China Aluminum Inter prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Aluminum Inter is a good investment. Please check the relationship between China Aluminum Common Stock and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Aluminum International. 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.

Common Stock vs Total Assets

Common Stock vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Aluminum Inter Common Stock account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between China Aluminum's Common Stock and Total Assets is 0.6. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Assets in the same time period over historical financial statements of China Aluminum International, assuming nothing else is changed. The correlation between historical values of China Aluminum's Common Stock and Total 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 Common Stock of China Aluminum International are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Common Stock i.e., China Aluminum's Common Stock and Total Assets go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Common Stock

Total Assets

Total assets refers to the total amount of China Aluminum assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in China Aluminum Inter books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from China Aluminum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Aluminum Inter 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 China Aluminum International. 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 23, 2024, Selling General Administrative is expected to decline to about 256.6 M. The current year's Tax Provision is expected to grow to about (105.3 M)
 2021 2022 2023 2024 (projected)
Gross Profit448.4M3.0B2.1B2.0B
Total Revenue1.1B23.7B22.3B19.1B

China Aluminum fundamental ratios Correlations

0.740.950.56-0.820.51-0.310.87-0.210.60.810.73-0.870.720.91-0.60.890.980.850.710.950.760.530.60.830.71
0.740.640.42-0.620.34-0.050.49-0.150.510.710.53-0.570.780.62-0.520.560.720.630.420.630.260.50.30.40.68
0.950.640.65-0.830.61-0.280.92-0.010.40.630.74-0.910.570.95-0.530.930.960.890.840.990.850.450.630.850.47
0.560.420.65-0.240.990.480.650.35-0.070.070.83-0.430.510.60.110.550.50.450.640.70.55-0.20.050.390.03
-0.82-0.62-0.83-0.24-0.180.64-0.630.31-0.45-0.79-0.390.92-0.56-0.850.85-0.85-0.9-0.93-0.57-0.77-0.65-0.78-0.89-0.83-0.56
0.510.340.610.99-0.180.520.650.36-0.14-0.020.8-0.380.440.570.180.480.440.370.630.670.53-0.3-0.010.33-0.04
-0.31-0.05-0.280.480.640.52-0.090.39-0.43-0.580.240.43-0.03-0.260.81-0.44-0.42-0.46-0.08-0.2-0.3-0.82-0.8-0.58-0.4
0.870.490.920.65-0.630.65-0.09-0.030.370.490.75-0.830.370.9-0.230.780.850.740.870.940.880.190.390.710.38
-0.21-0.15-0.010.350.310.360.39-0.03-0.43-0.530.110.23-0.17-0.170.3-0.03-0.21-0.220.180.0-0.03-0.25-0.33-0.13-0.56
0.60.510.4-0.07-0.45-0.14-0.430.37-0.430.850.42-0.420.490.31-0.490.410.580.450.010.370.280.540.350.440.87
0.810.710.630.07-0.79-0.02-0.580.49-0.530.850.39-0.70.690.62-0.780.680.820.750.280.590.440.790.650.70.93
0.730.530.740.83-0.390.80.240.750.110.420.39-0.560.590.63-0.080.610.670.560.490.760.58-0.030.210.470.37
-0.87-0.57-0.91-0.430.92-0.380.43-0.830.23-0.42-0.7-0.56-0.49-0.960.6-0.85-0.93-0.93-0.71-0.87-0.79-0.57-0.74-0.8-0.48
0.720.780.570.51-0.560.44-0.030.37-0.170.490.690.59-0.490.53-0.560.530.670.530.210.570.190.460.320.440.75
0.910.620.950.6-0.850.57-0.260.9-0.170.310.620.63-0.960.53-0.490.870.930.90.840.940.830.430.620.80.44
-0.6-0.52-0.530.110.850.180.81-0.230.3-0.49-0.78-0.080.6-0.56-0.49-0.63-0.68-0.66-0.21-0.47-0.28-0.94-0.83-0.66-0.64
0.890.560.930.55-0.850.48-0.440.78-0.030.410.680.61-0.850.530.87-0.630.920.940.770.910.880.610.780.970.45
0.980.720.960.5-0.90.44-0.420.85-0.210.580.820.67-0.930.670.93-0.680.920.920.720.940.780.620.70.870.67
0.850.630.890.45-0.930.37-0.460.74-0.220.450.750.56-0.930.530.9-0.660.940.920.680.840.80.650.830.890.49
0.710.420.840.64-0.570.63-0.080.870.180.010.280.49-0.710.210.84-0.210.770.720.680.860.850.20.370.70.09
0.950.630.990.7-0.770.67-0.20.940.00.370.590.76-0.870.570.94-0.470.910.940.840.860.860.380.570.820.45
0.760.260.850.55-0.650.53-0.30.88-0.030.280.440.58-0.790.190.83-0.280.880.780.80.850.860.290.590.880.22
0.530.50.45-0.2-0.78-0.3-0.820.19-0.250.540.79-0.03-0.570.460.43-0.940.610.620.650.20.380.290.760.660.62
0.60.30.630.05-0.89-0.01-0.80.39-0.330.350.650.21-0.740.320.62-0.830.780.70.830.370.570.590.760.810.38
0.830.40.850.39-0.830.33-0.580.71-0.130.440.70.47-0.80.440.8-0.660.970.870.890.70.820.880.660.810.47
0.710.680.470.03-0.56-0.04-0.40.38-0.560.870.930.37-0.480.750.44-0.640.450.670.490.090.450.220.620.380.47
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China Aluminum Account Relationship Matchups

China Aluminum fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets56.0B54.5B58.8B47.4B40.9B52.0B
Other Current Liab6.6B6.6B7.5B7.3B184.2M175.0M
Total Current Liabilities35.2B29.9B30.9B31.0B26.8B32.0B
Total Stockholder Equity11.3B8.7B7.6B7.5B7.0B6.9B
Other Liab732.4M689.2M748.0M697.4M627.6M706.1M
Net Tangible Assets10.2B7.6B6.3B6.3B5.6B6.3B
Retained Earnings4.2B2.1B839.1M828.4M(2.2B)(2.1B)
Accounts Payable16.7B15.5B17.0B16.1B12.6B17.4B
Cash9.1B644.3K872.3M6.9B3.3B3.7B
Other Assets4.1B4.5B16.9B4.6B5.3B6.0B
Long Term Debt4.7B8.2B12.0B5.3B6.2B5.4B
Net Receivables30.6B17.0B27.4B15.7B15.3B17.0B
Short Term Investments9.2B7.3B6.6B700.5M805.6M765.3M
Inventory3.1B3.4B2.5B2.9B2.2B2.8B
Other Current Assets1.0B866.6M907.0M956.3M9.6M9.1M
Other Stockholder Equity3.3B2.8B2.8B2.8B3.2B2.8B
Total Liab40.6B38.9B42.3B36.9B33.7B38.1B
Short Long Term Debt9.0B9.3B6.1B10.7B6.6B9.4B
Total Current Assets44.8B38.6B38.5B38.2B32.1B40.6B
Intangible Assets1.1B1.2B1.2B1.3B1.3B1.2B
Property Plant Equipment2.6B2.7B2.6B2.5B2.9B2.8B
Non Current Assets Total11.2B15.9B21.5B9.2B8.8B12.3B
Non Currrent Assets Other2.5B6.7B13.7B38.2M(489.5M)(465.0M)
Non Current Liabilities Total5.4B8.9B12.7B6.0B6.9B6.8B
Net Debt5.6B11.0B17.2B9.1B9.4B10.7B
Net Invested Capital26.0B26.2B25.7B23.5B19.8B19.0B
Net Working Capital9.6B8.6B7.7B7.2B5.3B6.4B
Deferred Long Term Liab29.4M51.6M54.8M47.0M54.1M40.5M

Currently Active Assets on Macroaxis

Other Information on Investing in China Stock

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