Chongqing Selling General Administrative vs Net Income From Continuing Ops 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 Selling General Administrative and its Net Income From Continuing Ops 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.

Selling General Administrative vs Net Income From Continuing Ops

Selling General Administrative vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Sokon Ind Selling General Administrative account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have pay attention.
The correlation between Chongqing Sokon's Selling General Administrative and Net Income From Continuing Ops is -0.84. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Net Income From Continuing Ops 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 Selling General Administrative and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Chongqing Sokon Ind are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Selling General Administrative i.e., Chongqing Sokon's Selling General Administrative and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

-0.84
Relationship DirectionNegative 
Relationship StrengthSignificant

Selling General Administrative

Net Income From Continuing Ops

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.