Guotai Other Current Assets vs Intangible Assets Analysis

601211 Stock   19.08  0.10  0.53%   
Guotai Junan financial indicator trend analysis is much more than just examining Guotai Junan Securities latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guotai Junan Securities is a good investment. Please check the relationship between Guotai Junan Other Current Assets and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guotai Junan Securities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Other Current Assets vs Intangible Assets

Other Current Assets vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guotai Junan Securities Other Current Assets account and Intangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Guotai Junan's Other Current Assets and Intangible Assets is -0.43. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Guotai Junan Securities, assuming nothing else is changed. The correlation between historical values of Guotai Junan's Other Current Assets and Intangible 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 Other Current Assets of Guotai Junan Securities are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Other Current Assets i.e., Guotai Junan's Other Current Assets and Intangible Assets go up and down completely randomly.

Correlation Coefficient

-0.43
Relationship DirectionNegative 
Relationship StrengthVery Weak

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Guotai Junan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guotai Junan Securities 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 Guotai Junan Securities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
The current year's Tax Provision is expected to grow to about 2.3 B, whereas Selling General Administrative is forecasted to decline to about 12 B.
 2023 2024 (projected)
Operating Income13.8B8.6B
Total Revenue35.8B19.7B

Guotai Junan fundamental ratios Correlations

0.950.570.730.95-0.371.00.280.70.840.610.840.910.770.870.750.890.61-0.330.09-0.020.90.750.780.750.82
0.950.330.830.89-0.510.930.390.80.870.750.920.840.670.880.610.870.42-0.530.170.130.870.720.640.720.81
0.570.330.130.550.380.63-0.050.190.3-0.120.090.640.620.360.670.50.690.21-0.1-0.330.510.350.670.350.46
0.730.830.130.7-0.390.690.620.890.810.820.810.540.190.790.50.690.28-0.450.060.140.710.690.510.690.72
0.950.890.550.7-0.440.950.110.610.770.50.720.920.70.930.820.90.67-0.24-0.04-0.090.940.820.830.820.84
-0.37-0.510.38-0.39-0.44-0.330.18-0.28-0.33-0.38-0.54-0.38-0.22-0.49-0.24-0.43-0.120.36-0.09-0.13-0.43-0.4-0.26-0.4-0.41
1.00.930.630.690.95-0.330.240.670.810.560.80.920.790.860.780.880.65-0.270.07-0.060.90.740.80.740.81
0.280.39-0.050.620.110.180.240.640.550.70.510.01-0.060.24-0.080.11-0.24-0.430.150.40.110.19-0.10.190.17
0.70.80.190.890.61-0.280.670.640.70.780.770.530.350.70.460.670.3-0.40.090.070.670.590.490.590.63
0.840.870.30.810.77-0.330.810.550.70.660.810.740.470.840.590.760.3-0.60.410.450.770.750.540.750.81
0.610.75-0.120.820.5-0.380.560.70.780.660.870.320.240.60.210.520.1-0.440.060.10.510.440.270.440.42
0.840.920.090.810.72-0.540.80.510.770.810.870.610.510.730.410.670.25-0.480.160.170.670.590.440.590.59
0.910.840.640.540.92-0.380.920.010.530.740.320.610.820.850.820.920.64-0.350.120.010.930.760.820.760.9
0.770.670.620.190.7-0.220.79-0.060.350.470.240.510.820.570.580.710.56-0.160.1-0.140.690.470.630.470.54
0.870.880.360.790.93-0.490.860.240.70.840.60.730.850.570.790.910.56-0.390.090.070.950.940.790.940.91
0.750.610.670.50.82-0.240.78-0.080.460.590.210.410.820.580.790.840.910.11-0.03-0.270.880.790.980.790.81
0.890.870.50.690.9-0.430.880.110.670.760.520.670.920.710.910.840.69-0.340.15-0.060.990.780.880.780.91
0.610.420.690.280.67-0.120.65-0.240.30.30.10.250.640.560.560.910.690.42-0.2-0.550.710.530.930.530.54
-0.33-0.530.21-0.45-0.240.36-0.27-0.43-0.4-0.6-0.44-0.48-0.35-0.16-0.390.11-0.340.42-0.51-0.75-0.3-0.250.11-0.25-0.46
0.090.17-0.10.06-0.04-0.090.070.150.090.410.060.160.120.10.09-0.030.15-0.2-0.510.70.070.08-0.10.080.16
-0.020.13-0.330.14-0.09-0.13-0.060.40.070.450.10.170.01-0.140.07-0.27-0.06-0.55-0.750.7-0.080.06-0.380.060.13
0.90.870.510.710.94-0.430.90.110.670.770.510.670.930.690.950.880.990.71-0.30.07-0.080.860.90.860.93
0.750.720.350.690.82-0.40.740.190.590.750.440.590.760.470.940.790.780.53-0.250.080.060.860.751.00.85
0.780.640.670.510.83-0.260.8-0.10.490.540.270.440.820.630.790.980.880.930.11-0.1-0.380.90.750.750.8
0.750.720.350.690.82-0.40.740.190.590.750.440.590.760.470.940.790.780.53-0.250.080.060.861.00.750.85
0.820.810.460.720.84-0.410.810.170.630.810.420.590.90.540.910.810.910.54-0.460.160.130.930.850.80.85
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Guotai Junan Account Relationship Matchups

Guotai Junan fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets559.3B702.9B791.3B860.7B925.4B971.7B
Total Stockholder Equity137.5B137.4B147.1B157.7B167.0B175.3B
Other Liab29.2B34.3B67.5B102.2B117.6B123.4B
Retained Earnings66.0B73.1B82.8B56.7B58.5B41.2B
Cash145.2B299.5B339.6B343.1B326.5B342.9B
Other Assets2.5B1.9B2.4B3.2B2.9B2.7B
Total Liab413.2B556.7B640.6B696.9B752.0B789.6B
Intangible Assets2.3B2.4B1.4B1.4B1.5B1.3B
Common Stock8.7B8.9B8.9B8.9B10.2B6.6B
Property Plant Equipment3.8B6.9B6.4B4.5B5.2B5.4B
Accounts Payable84.9B106.3B105.1B158.3B166.3B174.6B
Other Current Liab35.9B49.9B57.3B56.5B65.0B43.7B
Total Current Liabilities215.0B322.3B413.5B430.0B494.5B325.8B
Net Tangible Assets134.6B134.3B145.7B153.3B176.2B137.3B
Net Receivables60.9B77.8B108.8B120.5B138.6B96.8B
Other Current Assets20.4B24.7B48.0B60.4B54.4B35.7B
Other Stockholder Equity10.3B16.4B10.5B10.2B11.7B12.8B
Deferred Long Term Liab457.8M614.0M497.4M275.4M316.8M475.6M
Long Term Investments269.8B325.1B370.8B417.8B494.7B290.5B
Total Current Assets369.0B467.3B596.9B699.9B804.9B515.5B
Common Stock Shares Outstanding8.9B8.9B8.9B8.9B8.9B9.7B
Inventory55.6M587.0M485.4M706.0M811.9M852.5M
Net Invested Capital245.8B301.4B289.2B322.6B344.3B309.2B
Capital Stock10.0B10.0B10.0B8.9B8.9B7.7B

Currently Active Assets on Macroaxis

Other Information on Investing in Guotai Stock

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