Chongqing Net Tangible Assets vs Long Term Investments Analysis

601077 Stock

5.45 0.15 2.68%

Chongqing Rural financial indicator trend analysis is way more than just evaluating Chongqing Rural Comm prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Rural Comm is a good investment. Please check the relationship between Chongqing Rural Net Tangible Assets and its Long Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Rural Commercial. 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.

Net Tangible Assets vs Long Term Investments

Net Tangible Assets vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Rural Comm Net Tangible Assets account and Long Term Investments. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Chongqing Rural's Net Tangible Assets and Long Term Investments is 0.98. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Chongqing Rural Commercial, assuming nothing else is changed. The correlation between historical values of Chongqing Rural's Net Tangible Assets and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Chongqing Rural Commercial are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Net Tangible Assets i.e., Chongqing Rural's Net Tangible Assets and Long Term Investments go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Long Term Investments

Long Term Investments is an item on the asset side of Chongqing Rural balance sheet that represents investments Chongqing Rural Comm intends to hold for over a year. Chongqing Rural Commercial long term investments may include different instruments such as stocks, bonds, real estate and cash.

Most indicators from Chongqing Rural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Rural Comm 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 Rural Commercial. 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.

The current year's Tax Provision is expected to grow to about 1.6 B, whereas Selling General Administrative is forecasted to decline to about 2 B.

	2021	2022	2023	2024 (projected)
Net Interest Income	26.2B	25.4B	23.5B	25.2B
Tax Provision	1.5B	1.1B	1.1B	1.6B

Net Interest Income Tax Provision

Chongqing Rural fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Good Will	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Capital Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross	Net Debt
Total Assets		-0.82	0.99	0.99	0.95	0.98	0.75	0.97	-0.78	0.99	-0.5	-0.96	-0.92	-0.27	1.0	0.99	-0.76	0.94	0.96	0.46	0.92	0.86	0.92	-0.45	0.88	-0.79
Other Current Liab	-0.82		-0.8	-0.79	-0.65	-0.75	-0.51	-0.82	0.92	-0.79	0.59	0.91	0.84	0.55	-0.82	-0.78	0.96	-0.82	-0.74	-0.66	-0.83	-0.7	-0.83	0.58	-0.89	0.76
Total Current Liabilities	0.99	-0.8		0.98	0.94	0.98	0.69	0.99	-0.77	0.99	-0.47	-0.93	-0.9	-0.29	0.99	0.98	-0.76	0.93	0.95	0.51	0.93	0.8	0.92	-0.38	0.87	-0.81
Total Stockholder Equity	0.99	-0.79	0.98		0.96	0.99	0.79	0.96	-0.74	0.99	-0.46	-0.93	-0.92	-0.18	0.99	0.99	-0.72	0.93	0.97	0.42	0.93	0.89	0.92	-0.42	0.84	-0.75
Other Liab	0.95	-0.65	0.94	0.96		0.97	0.81	0.9	-0.64	0.94	-0.43	-0.85	-0.84	-0.07	0.94	0.97	-0.58	0.82	0.96	0.34	0.88	0.86	0.88	-0.35	0.75	-0.67
Net Tangible Assets	0.98	-0.75	0.98	0.99	0.97		0.81	0.96	-0.69	0.99	-0.39	-0.9	-0.91	-0.12	0.98	0.98	-0.68	0.92	0.97	0.39	0.92	0.88	0.91	-0.32	0.79	-0.69
Retained Earnings	0.75	-0.51	0.69	0.79	0.81	0.81		0.69	-0.36	0.77	-0.3	-0.71	-0.74	0.17	0.74	0.76	-0.43	0.73	0.78	0.07	0.69	0.92	0.69	-0.32	0.52	-0.22
Accounts Payable	0.97	-0.82	0.99	0.96	0.9	0.96	0.69		-0.74	0.98	-0.51	-0.92	-0.89	-0.28	0.97	0.94	-0.81	0.94	0.96	0.59	0.95	0.77	0.94	-0.39	0.88	-0.78
Cash	-0.78	0.92	-0.77	-0.74	-0.64	-0.69	-0.36	-0.74		-0.72	0.52	0.86	0.72	0.71	-0.78	-0.77	0.83	-0.7	-0.65	-0.57	-0.71	-0.62	-0.71	0.53	-0.85	0.82
Other Assets	0.99	-0.79	0.99	0.99	0.94	0.99	0.77	0.98	-0.72		-0.39	-0.92	-0.92	-0.21	0.98	0.98	-0.72	0.95	0.95	0.43	0.91	0.86	0.9	-0.31	0.81	-0.72
Good Will	-0.5	0.59	-0.47	-0.46	-0.43	-0.39	-0.3	-0.51	0.52	-0.39		0.62	0.46	0.39	-0.5	-0.43	0.72	-0.36	-0.55	-0.74	-0.66	-0.35	-0.69	0.9	-0.81	0.65
Inventory	-0.96	0.91	-0.93	-0.93	-0.85	-0.9	-0.71	-0.92	0.86	-0.92	0.62		0.91	0.46	-0.96	-0.93	0.85	-0.92	-0.88	-0.51	-0.88	-0.86	-0.89	0.61	-0.95	0.8
Other Current Assets	-0.92	0.84	-0.9	-0.92	-0.84	-0.91	-0.74	-0.89	0.72	-0.92	0.46	0.91		0.25	-0.91	-0.91	0.75	-0.9	-0.87	-0.47	-0.88	-0.88	-0.88	0.43	-0.82	0.69
Other Stockholder Equity	-0.27	0.55	-0.29	-0.18	-0.07	-0.12	0.17	-0.28	0.71	-0.21	0.39	0.46	0.25		-0.28	-0.24	0.53	-0.29	-0.07	-0.44	-0.18	-0.08	-0.19	0.36	-0.55	0.53
Total Liab	1.0	-0.82	0.99	0.99	0.94	0.98	0.74	0.97	-0.78	0.98	-0.5	-0.96	-0.91	-0.28		0.99	-0.77	0.94	0.95	0.46	0.92	0.86	0.92	-0.46	0.88	-0.8
Long Term Investments	0.99	-0.78	0.98	0.99	0.97	0.98	0.76	0.94	-0.77	0.98	-0.43	-0.93	-0.91	-0.24	0.99		-0.69	0.91	0.94	0.38	0.89	0.89	0.88	-0.4	0.83	-0.75
Total Current Assets	-0.76	0.96	-0.76	-0.72	-0.58	-0.68	-0.43	-0.81	0.83	-0.72	0.72	0.85	0.75	0.53	-0.77	-0.69		-0.75	-0.73	-0.81	-0.84	-0.56	-0.85	0.65	-0.92	0.78
Intangible Assets	0.94	-0.82	0.93	0.93	0.82	0.92	0.73	0.94	-0.7	0.95	-0.36	-0.92	-0.9	-0.29	0.94	0.91	-0.75		0.85	0.37	0.83	0.84	0.82	-0.35	0.8	-0.68
Common Stock	0.96	-0.74	0.95	0.97	0.96	0.97	0.78	0.96	-0.65	0.95	-0.55	-0.88	-0.87	-0.07	0.95	0.94	-0.73	0.85		0.54	0.97	0.81	0.97	-0.43	0.83	-0.72
Property Plant Equipment	0.46	-0.66	0.51	0.42	0.34	0.39	0.07	0.59	-0.57	0.43	-0.74	-0.51	-0.47	-0.44	0.46	0.38	-0.81	0.37	0.54		0.7	0.12	0.7	-0.47	0.72	-0.68
Common Stock Shares Outstanding	0.92	-0.83	0.93	0.93	0.88	0.92	0.69	0.95	-0.71	0.91	-0.66	-0.88	-0.88	-0.18	0.92	0.89	-0.84	0.83	0.97	0.7		0.75	1.0	-0.52	0.89	-0.77
Net Invested Capital	0.86	-0.7	0.8	0.89	0.86	0.88	0.92	0.77	-0.62	0.86	-0.35	-0.86	-0.88	-0.08	0.86	0.89	-0.56	0.84	0.81	0.12	0.75		0.75	-0.43	0.67	-0.46
Capital Stock	0.92	-0.83	0.92	0.92	0.88	0.91	0.69	0.94	-0.71	0.9	-0.69	-0.89	-0.88	-0.19	0.92	0.88	-0.85	0.82	0.97	0.7	1.0	0.75		-0.55	0.9	-0.78
Property Plant And Equipment Net	-0.45	0.58	-0.38	-0.42	-0.35	-0.32	-0.32	-0.39	0.53	-0.31	0.9	0.61	0.43	0.36	-0.46	-0.4	0.65	-0.35	-0.43	-0.47	-0.52	-0.43	-0.55		-0.74	0.58
Property Plant And Equipment Gross	0.88	-0.89	0.87	0.84	0.75	0.79	0.52	0.88	-0.85	0.81	-0.81	-0.95	-0.82	-0.55	0.88	0.83	-0.92	0.8	0.83	0.72	0.89	0.67	0.9	-0.74		-0.89
Net Debt	-0.79	0.76	-0.81	-0.75	-0.67	-0.69	-0.22	-0.78	0.82	-0.72	0.65	0.8	0.69	0.53	-0.8	-0.75	0.78	-0.68	-0.72	-0.68	-0.77	-0.46	-0.78	0.58	-0.89

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Chongqing Rural Account Relationship Matchups

Chongqing Rural fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0T	1.1T	1.3T	1.4T	1.4T	1.2T
Other Current Liab	2.2B	1.4B	1.4B	525.1M	472.6M	448.9M
Total Current Liabilities	916.2B	1.0T	1.1T	1.2T	1.4T	1.1T
Total Stockholder Equity	88.2B	93.7B	105.0B	113.7B	122.2B	97.6B
Other Liab	6.4B	7.1B	6.4B	7.4B	8.5B	6.9B
Net Tangible Assets	69.8B	87.2B	92.7B	103.9B	119.5B	85.8B
Retained Earnings	56.3B	62.1B	69.1B	44.7B	50.0B	55.9B
Accounts Payable	639.7B	682.9B	760.4B	788.7B	907.0B	761.2B
Cash	223.4B	264.3B	169.4B	147.6B	164.4B	170.4B
Other Assets	369.4B	423.0B	495.6B	567.4B	652.5B	453.8B
Inventory	103.9M	101.0M	79.5M	39.0M	35.1M	33.4M
Other Current Assets	67.1B	62.8B	54.6B	48.9B	44.0B	53.0B
Other Stockholder Equity	12.2B	20.6B	20.2B	4.0B	4.6B	4.4B
Total Liab	940.4B	1.0T	1.2T	1.2T	1.3T	1.1T
Long Term Investments	377.4B	369.0B	522.1B	573.5B	599.3B	433.8B
Total Current Assets	278.1B	247.4B	234.4B	219.1B	197.1B	197.2B
Intangible Assets	109.3M	542.8M	615.7M	615.0M	614.0M	383.2M
Property Plant Equipment	4.8B	5.2B	5.1B	5.1B	5.9B	5.6B
Net Invested Capital	259.5B	266.9B	330.2B	285.3B	242.6B	280.1B

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Other Information on Investing in Chongqing Stock

Balance Sheet is a snapshot of the financial position of Chongqing Rural Comm at a specified time, usually calculated after every quarter, six months, or one year. Chongqing Rural Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing Rural 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 Net Tangible Assets vs Long Term Investments Analysis

Net Tangible Assets vs Long Term Investments

Net Tangible Assets vs Long Term Investments Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Long Term Investments

Chongqing Rural fundamental ratios Correlations

Chongqing Rural Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chongqing Rural fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Chongqing Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Assets
Capital Stock	+ 1.0	Common Stock Shares Outstanding
Total Current Liabilities	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Other Assets	+ 0.99	Total Assets
Long Term Investments	+ 0.99	Total Assets

Total Liab	- 0.96	Inventory
Inventory	- 0.96	Total Assets
Property Plant And Equipment Gross	- 0.95	Inventory
Long Term Investments	- 0.93	Inventory
Inventory	- 0.93	Total Stockholder Equity
Inventory	- 0.93	Total Current Liabilities