Chongqing Non Current Assets Total vs Total Revenue Analysis

601127 Stock   133.72  0.78  0.58%   
Chongqing Sokon financial indicator trend analysis is way more than just evaluating Chongqing Sokon Ind prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Sokon Ind is a good investment. Please check the relationship between Chongqing Sokon Non Current Assets Total and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Sokon Ind. 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.

Non Current Assets Total vs Total Revenue

Non Current Assets Total vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Sokon Ind Non Current Assets Total account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Chongqing Sokon's Non Current Assets Total and Total Revenue is 0.83. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Chongqing Sokon Ind, assuming nothing else is changed. The correlation between historical values of Chongqing Sokon's Non Current Assets Total and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Chongqing Sokon Ind are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Non Current Assets Total i.e., Chongqing Sokon's Non Current Assets Total and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Total Revenue

Total revenue comprises all receipts Chongqing Sokon Ind generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Chongqing Sokon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Sokon Ind 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 Sokon Ind. 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 Selling General Administrative is expected to grow to about 6.3 B. The current year's Tax Provision is expected to grow to about 134.3 M
 2021 2022 2023 2024 (projected)
Cost Of Revenue16.1B30.2B32.1B33.7B
Research Development948.0M1.3B1.7B1.8B

Chongqing Sokon fundamental ratios Correlations

-0.110.850.890.84-0.670.830.830.780.47-0.050.40.970.650.870.840.940.910.61-0.010.850.880.650.960.880.94
-0.11-0.31-0.28-0.320.64-0.39-0.380.420.50.650.53-0.210.21-0.27-0.35-0.18-0.030.460.70.010.290.51-0.190.29-0.25
0.85-0.310.980.91-0.891.00.950.570.29-0.110.250.820.481.00.960.80.710.43-0.20.70.760.410.890.710.88
0.89-0.280.980.95-0.850.970.950.630.35-0.140.310.880.550.990.960.850.780.5-0.180.760.80.50.910.760.91
0.84-0.320.910.95-0.820.910.820.590.33-0.340.220.860.690.930.990.880.840.31-0.270.840.760.510.790.750.94
-0.670.64-0.89-0.85-0.82-0.93-0.88-0.180.10.430.1-0.68-0.29-0.86-0.87-0.69-0.5-0.120.55-0.46-0.44-0.03-0.75-0.38-0.75
0.83-0.391.00.970.91-0.930.950.510.23-0.160.190.80.450.990.960.790.670.38-0.270.660.710.340.880.650.86
0.83-0.380.950.950.82-0.880.950.480.22-0.130.240.830.330.930.870.750.620.49-0.210.590.670.360.930.610.8
0.780.420.570.630.59-0.180.510.480.870.330.750.710.730.620.580.660.830.730.510.860.940.90.660.950.71
0.470.50.290.350.330.10.230.220.870.370.850.420.650.360.330.30.610.610.780.690.680.750.340.70.46
-0.050.65-0.11-0.14-0.340.43-0.16-0.130.330.370.39-0.21-0.18-0.11-0.29-0.23-0.180.540.63-0.160.20.250.00.15-0.27
0.40.530.250.310.220.10.190.240.750.850.390.320.420.30.210.250.450.710.780.480.610.650.330.580.33
0.97-0.210.820.880.86-0.680.80.830.710.42-0.210.320.650.840.840.930.910.54-0.110.860.810.640.930.830.94
0.650.210.480.550.69-0.290.450.330.730.65-0.180.420.650.550.640.640.830.370.150.850.740.650.460.770.76
0.87-0.271.00.990.93-0.860.990.930.620.36-0.110.30.840.550.970.820.750.46-0.150.750.80.460.890.750.9
0.84-0.350.960.960.99-0.870.960.870.580.33-0.290.210.840.640.970.850.80.3-0.250.810.750.440.810.720.94
0.94-0.180.80.850.88-0.690.790.750.660.3-0.230.250.930.640.820.850.90.44-0.190.820.820.590.860.820.93
0.91-0.030.710.780.84-0.50.670.620.830.61-0.180.450.910.830.750.80.90.460.080.970.860.740.760.90.94
0.610.460.430.50.31-0.120.380.490.730.610.540.710.540.370.460.30.440.460.450.410.710.670.650.680.4
-0.010.7-0.2-0.18-0.270.55-0.27-0.210.510.780.630.78-0.110.15-0.15-0.25-0.190.080.450.140.250.39-0.080.24-0.1
0.850.010.70.760.84-0.460.660.590.860.69-0.160.480.860.850.750.810.820.970.410.140.860.770.690.90.92
0.880.290.760.80.76-0.440.710.670.940.680.20.610.810.740.80.750.820.860.710.250.860.840.80.980.83
0.650.510.410.50.51-0.030.340.360.90.750.250.650.640.650.460.440.590.740.670.390.770.840.530.90.56
0.96-0.190.890.910.79-0.750.880.930.660.340.00.330.930.460.890.810.860.760.65-0.080.690.80.530.770.86
0.880.290.710.760.75-0.380.650.610.950.70.150.580.830.770.750.720.820.90.680.240.90.980.90.770.83
0.94-0.250.880.910.94-0.750.860.80.710.46-0.270.330.940.760.90.940.930.940.4-0.10.920.830.560.860.83
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Chongqing Sokon Account Relationship Matchups

Chongqing Sokon fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets29.9B26.3B32.0B47.0B51.2B26.0B
Other Current Liab2.0B1.7B1.7B108.2M405.7M385.4M
Total Current Liabilities16.8B16.2B18.9B32.3B37.6B39.5B
Total Stockholder Equity5.5B5.2B8.0B11.4B11.4B12.0B
Other Liab1.2B1.6B2.3B2.9B3.4B3.5B
Retained Earnings2.2B464.7M(1.4B)(5.6B)(8.1B)(7.7B)
Accounts Payable11.4B10.9B13.9B25.7B30.2B31.7B
Cash4.6B2.9B5.8B16.4B13.2B13.8B
Other Assets3.5B3.5B2.6B2.4B2.7B1.7B
Long Term Debt4.5B2.1B2.0B1.3B1.4B1.7B
Net Receivables5.3B671.7M996.7M1.8B2.4B2.8B
Good Will101.0M81.8M75.7M65.0M46.9M68.5M
Inventory2.2B2.0B2.8B4.0B3.5B1.9B
Other Current Assets1.3B1.1B1.6B461.3M1.2B724.0M
Total Liab22.1B20.6B24.3B37.2B44.0B46.2B
Intangible Assets4.9B6.0B6.7B8.3B10.5B11.1B
Common Stock939.9M1.3B1.4B1.5B1.7B1.0B
Property Plant Equipment7.8B9.3B9.6B9.6B11.1B6.2B
Net Tangible Assets3.1B2.3B918.1M2.7B2.5B1.9B
Other Stockholder Equity258.5M312.3M62.4M(71.2M)(64.0M)(60.8M)
Deferred Long Term Liab1.5B1.9B1.9B1.6B1.9B1.2B
Short Long Term Debt2.1B2.1B2.1B2.1B786.2M746.8M
Total Current Assets13.8B9.7B14.7B27.0B26.1B16.9B
Non Current Assets Total16.2B16.6B17.4B20.1B25.1B17.2B
Non Currrent Assets Other534.7M58.6M288.0M1.3B788.2M534.4M
Non Current Liabilities Total5.3B4.4B5.4B4.9B6.5B4.9B
Non Current Liabilities Other28.6M22.0M25.0M51.4M52.6M35.3M
Common Stock Shares Outstanding939.9M1.3B1.4B1.5B1.5B1.3B
Net Invested Capital10.4B9.4B12.1B14.8B13.6B12.6B
Net Working Capital(3.0B)(6.5B)(4.3B)(5.4B)(11.5B)(10.9B)
Capital Stock939.9M1.3B1.4B1.5B1.5B1.4B

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Other Information on Investing in Chongqing Stock

Balance Sheet is a snapshot of the financial position of Chongqing Sokon Ind at a specified time, usually calculated after every quarter, six months, or one year. Chongqing Sokon Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing Sokon 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.