Bank Other Operating Expenses vs Selling General Administrative Analysis

601577 Stock   8.67  0.17  2.00%   
Bank of Changsha financial indicator trend analysis is way more than just evaluating Bank of Changsha prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Changsha is a good investment. Please check the relationship between Bank of Changsha Other Operating Expenses and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Changsha. 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.

Other Operating Expenses vs Selling General Administrative

Other Operating Expenses vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of Changsha Other Operating Expenses account and Selling General Administrative. At this time, the significance of the direction appears to have pay attention.
The correlation between Bank of Changsha's Other Operating Expenses and Selling General Administrative is -0.86. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Bank of Changsha, assuming nothing else is changed. The correlation between historical values of Bank of Changsha's Other Operating Expenses and Selling General Administrative 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 Operating Expenses of Bank of Changsha are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Other Operating Expenses i.e., Bank of Changsha's Other Operating Expenses and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

-0.86
Relationship DirectionNegative 
Relationship StrengthSignificant

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Bank of Changsha. It is also known as Bank of Changsha overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Selling General Administrative

Most indicators from Bank of Changsha's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Changsha 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 Bank of Changsha. 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.
As of December 4, 2024, Selling General Administrative is expected to decline to about 5.4 B. In addition to that, Tax Provision is expected to decline to about 1.4 B
 2023 2024 (projected)
Gross Profit19.6B11.3B
Total Revenue24.9B17.9B

Bank of Changsha fundamental ratios Correlations

0.81.00.990.670.990.961.00.480.990.880.870.380.730.85-0.11.00.930.930.970.880.940.980.920.940.97
0.80.780.810.50.790.730.790.230.790.490.710.460.390.560.260.80.640.820.80.950.840.740.860.870.85
1.00.780.990.670.990.951.00.470.990.890.870.380.720.85-0.111.00.920.920.980.860.950.980.910.930.96
0.990.810.990.640.990.960.990.521.00.850.880.460.690.770.010.990.90.960.980.870.950.970.950.950.99
0.670.50.670.640.620.610.670.330.630.650.46-0.210.590.71-0.470.680.730.530.710.590.570.690.660.580.6
0.990.790.990.990.620.940.990.51.00.850.870.470.670.780.00.990.890.950.970.860.970.980.930.950.97
0.960.730.950.960.610.940.940.550.950.880.880.330.770.77-0.110.960.910.910.920.820.850.930.910.850.96
1.00.791.00.990.670.990.940.470.990.870.870.380.70.85-0.111.00.910.920.980.860.950.980.920.940.95
0.480.230.470.520.330.50.550.470.480.430.580.120.350.31-0.130.470.570.490.450.310.490.550.580.490.52
0.990.790.991.00.631.00.950.990.480.850.890.460.680.79-0.030.990.890.950.980.860.950.970.930.940.97
0.880.490.890.850.650.850.880.870.430.850.750.160.940.9-0.370.890.950.720.820.640.730.860.690.720.81
0.870.710.870.880.460.870.880.870.580.890.750.440.640.64-0.070.870.830.90.870.680.790.820.860.780.88
0.380.460.380.46-0.210.470.330.380.120.460.160.440.07-0.040.790.370.190.620.40.370.530.30.430.510.49
0.730.390.720.690.590.670.770.70.350.680.940.640.070.8-0.390.740.90.570.640.520.540.680.540.550.7
0.850.560.850.770.710.780.770.850.310.790.90.64-0.040.8-0.490.850.870.610.780.730.720.850.650.730.72
-0.10.26-0.110.01-0.470.0-0.11-0.11-0.13-0.03-0.37-0.070.79-0.39-0.49-0.1-0.30.19-0.070.140.13-0.170.080.140.08
1.00.81.00.990.680.990.961.00.470.990.890.870.370.740.85-0.10.930.920.970.880.940.980.920.940.97
0.930.640.920.90.730.890.910.910.570.890.950.830.190.90.87-0.30.930.80.860.750.820.910.810.820.89
0.930.820.920.960.530.950.910.920.490.950.720.90.620.570.610.190.920.80.950.830.910.870.960.90.96
0.970.80.980.980.710.970.920.980.450.980.820.870.40.640.78-0.070.970.860.950.850.920.950.950.910.95
0.880.950.860.870.590.860.820.860.310.860.640.680.370.520.730.140.880.750.830.850.890.840.890.930.89
0.940.840.950.950.570.970.850.950.490.950.730.790.530.540.720.130.940.820.910.920.890.940.910.990.93
0.980.740.980.970.690.980.930.980.550.970.860.820.30.680.85-0.170.980.910.870.950.840.940.90.930.93
0.920.860.910.950.660.930.910.920.580.930.690.860.430.540.650.080.920.810.960.950.890.910.90.920.96
0.940.870.930.950.580.950.850.940.490.940.720.780.510.550.730.140.940.820.90.910.930.990.930.920.94
0.970.850.960.990.60.970.960.950.520.970.810.880.490.70.720.080.970.890.960.950.890.930.930.960.94
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Bank of Changsha Account Relationship Matchups

Bank of Changsha fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets602.0B704.2B796.2B904.7B1.0T695.8B
Other Current Liab1.1B1.8B1.5B2.6B3.0B3.1B
Total Current Liabilities531.6B619.4B710.7B809.2B930.6B577.3B
Total Stockholder Equity40.6B44.3B55.0B60.2B66.1B43.8B
Other Liab2.3B1.8B2.0B2.0B2.3B2.1B
Net Tangible Assets34.0B37.7B48.2B52.7B60.6B36.2B
Retained Earnings25.0B28.9B33.6B38.7B30.2B26.8B
Accounts Payable401.3B479.1B535.9B607.2B698.3B447.2B
Cash55.3B63.0B611.2B77.2B74.4B125.2B
Other Assets255.4B310.9B364.8B426.6B490.6B263.6B
Net Receivables108.9M328.2M287.6M226.3M260.3M165.4M
Inventory421.4M407.4M302.0M259.5M298.5M317.0M
Other Current Assets38.1B42.1B41.1B45.0B51.8B44.6B
Other Stockholder Equity297.3M72.1M183.7M319.2M367.0M385.4M
Total Liab560.2B658.5B739.5B842.6B951.7B650.8B
Deferred Long Term Liab322.6M336.0M363.6M318.2M365.9M332.8M
Long Term Investments282.8B326.0B359.1B384.8B423.5B274.9B
Total Current Assets137.6B150.8B167.6B199.2B229.1B127.1B
Intangible Assets615.1M622.0M854.3M1.5B1.7B1.7B
Property Plant Equipment1.6B1.8B3.0B3.2B3.7B2.0B
Net Debt77.8B79.9B97.0B97.1B97.9B88.7B
Net Invested Capital167.8B181.2B211.4B228.6B232.4B195.5B

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Other Information on Investing in Bank Stock

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