Chongqing Total Assets vs Total Stockholder Equity 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 Total Assets and its Total Stockholder Equity 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.

Total Assets vs Total Stockholder Equity

Total Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Sokon Ind Total Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Chongqing Sokon's Total Assets and Total Stockholder Equity is 0.89. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Stockholder Equity 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 Total Assets and Total Stockholder Equity 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 Assets of Chongqing Sokon Ind are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Assets i.e., Chongqing Sokon's Total Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Total Assets

Total assets refers to the total amount of Chongqing Sokon 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 Chongqing Sokon Ind 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.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
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.