China Cash vs Non Currrent Assets Other Analysis

601601 Stock   33.90  0.48  1.44%   
China Pacific financial indicator trend analysis is way more than just evaluating China Pacific Insurance prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Pacific Insurance is a good investment. Please check the relationship between China Pacific Cash and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Pacific Insurance. 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.

Cash vs Non Currrent Assets Other

Cash vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Pacific Insurance Cash account and Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between China Pacific's Cash and Non Currrent Assets Other is -0.23. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of China Pacific Insurance, assuming nothing else is changed. The correlation between historical values of China Pacific's Cash and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of China Pacific Insurance are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Cash i.e., China Pacific's Cash and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.23
Relationship DirectionNegative 
Relationship StrengthInsignificant

Cash

Cash refers to the most liquid asset of China Pacific Insurance, which is listed under current asset account on China Pacific Insurance balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from China Pacific customers. The amounts must be unrestricted with restricted cash listed in a different China Pacific account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from China Pacific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Pacific Insurance 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 China Pacific Insurance. 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.
As of December 1, 2024, Selling General Administrative is expected to decline to about 7 B. In addition to that, Tax Provision is expected to decline to about 3 B
 2023 2024 (projected)
Income Before Tax32.0B18.9B
Operating Income39.8B41.8B

China Pacific fundamental ratios Correlations

0.840.960.740.980.961.00.960.650.97-0.060.980.770.370.920.90.860.930.90.290.90.690.87-0.6-0.6-0.6
0.840.810.780.780.780.840.760.810.850.10.860.890.540.860.860.850.720.790.350.840.630.79-0.14-0.14-0.14
0.960.810.630.980.970.960.880.520.96-0.20.980.70.530.920.920.830.890.920.290.920.620.91-0.55-0.55-0.55
0.740.780.630.680.670.740.790.680.620.040.690.710.090.770.690.810.750.630.30.640.690.63-0.23-0.23-0.23
0.980.780.980.680.990.980.940.510.95-0.220.970.670.380.930.920.860.940.930.240.920.70.91-0.63-0.63-0.63
0.960.780.970.670.990.970.920.490.95-0.290.970.680.420.940.950.860.920.950.280.950.650.93-0.58-0.58-0.58
1.00.840.960.740.980.970.960.640.97-0.070.980.770.360.920.910.860.940.910.290.910.690.88-0.6-0.6-0.6
0.960.760.880.790.940.920.960.550.88-0.090.920.690.150.910.870.90.980.850.360.850.780.79-0.65-0.65-0.65
0.650.810.520.680.510.490.640.550.650.430.60.870.310.540.520.520.450.530.10.520.460.53-0.18-0.18-0.18
0.970.850.960.620.950.950.970.880.65-0.040.980.80.530.880.90.790.840.890.290.920.570.88-0.54-0.54-0.54
-0.060.1-0.20.04-0.22-0.29-0.07-0.090.43-0.04-0.10.27-0.09-0.26-0.28-0.2-0.2-0.27-0.01-0.29-0.09-0.290.080.080.08
0.980.860.980.690.970.970.980.920.60.98-0.10.770.50.930.930.870.910.910.390.920.640.87-0.54-0.54-0.54
0.770.890.70.710.670.680.770.690.870.80.270.770.520.680.730.650.570.680.290.740.420.68-0.14-0.14-0.14
0.370.540.530.090.380.420.360.150.310.53-0.090.50.520.350.480.270.160.430.340.49-0.120.460.180.180.18
0.920.860.920.770.930.940.920.910.540.88-0.260.930.680.350.970.970.930.940.370.940.810.89-0.45-0.45-0.45
0.90.860.920.690.920.950.910.870.520.9-0.280.930.730.480.970.930.870.960.390.990.710.91-0.39-0.39-0.39
0.860.850.830.810.860.860.860.90.520.79-0.20.870.650.270.970.930.910.850.470.880.850.79-0.36-0.36-0.36
0.930.720.890.750.940.920.940.980.450.84-0.20.910.570.160.930.870.910.850.40.830.790.78-0.66-0.66-0.66
0.90.790.920.630.930.950.910.850.530.89-0.270.910.680.430.940.960.850.850.20.950.70.96-0.51-0.51-0.51
0.290.350.290.30.240.280.290.360.10.29-0.010.390.290.340.370.390.470.40.20.30.150.02-0.02-0.02-0.02
0.90.840.920.640.920.950.910.850.520.92-0.290.920.740.490.940.990.880.830.950.30.670.94-0.41-0.41-0.41
0.690.630.620.690.70.650.690.780.460.57-0.090.640.42-0.120.810.710.850.790.70.150.670.63-0.51-0.51-0.51
0.870.790.910.630.910.930.880.790.530.88-0.290.870.680.460.890.910.790.780.960.020.940.63-0.42-0.42-0.42
-0.6-0.14-0.55-0.23-0.63-0.58-0.6-0.65-0.18-0.540.08-0.54-0.140.18-0.45-0.39-0.36-0.66-0.51-0.02-0.41-0.51-0.421.01.0
-0.6-0.14-0.55-0.23-0.63-0.58-0.6-0.65-0.18-0.540.08-0.54-0.140.18-0.45-0.39-0.36-0.66-0.51-0.02-0.41-0.51-0.421.01.0
-0.6-0.14-0.55-0.23-0.63-0.58-0.6-0.65-0.18-0.540.08-0.54-0.140.18-0.45-0.39-0.36-0.66-0.51-0.02-0.41-0.51-0.421.01.0
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China Pacific Account Relationship Matchups

China Pacific fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5T1.8T1.9T2.2T2.3T2.5T
Total Stockholder Equity178.4B215.2B226.7B228.4B249.6B128.0B
Other Liab900.5B1.0T1.2T1.4T1.6T1.7T
Cash14.9B20.9B32.5B33.1B31.5B19.7B
Other Assets68.3B79.9B94.7B110.1B126.7B133.0B
Short Term Investments511.8B596.2B645.4B715.1B822.3B863.5B
Total Liab1.3T1.6T1.7T1.9T2.1T2.2T
Intangible Assets3.7B4.7B5.5B6.7B7.1B7.5B
Property Plant Equipment18.4B22.5B22.1B22.7B26.1B27.4B
Long Term Debt10.0B10.0B10.0B10.0B10.3B10.3B
Retained Earnings89.8B103.5B117.8B105.2B121.4B127.5B
Accounts Payable128.2B132.3B134.7B30.5B35.1B33.3B
Other Current Liab73.7B84.7B84.6B86.6B99.6B80.2B
Total Current Liabilities267.5B293.5B323.2B307.1B353.1B288.5B
Net Tangible Assets145.3B173.4B209.2B219.9B252.8B179.7B
Net Receivables26.4B57.6B67.8B74.8B86.0B90.3B
Other Current Assets59.3B65.8B63.1B63.9B73.5B66.2B
Other Stockholder Equity13.7B23.1B19.7B6.4B7.3B11.0B
Deferred Long Term Liab1B955M924M982M1.1B921.5M
Long Term Investments832.4B962.6B1.1T1.3T2.0T1.1T
Total Current Assets132.3B133.7B143.6B161.2B185.3B147.3B
Net Invested Capital188.4B225.2B236.7B238.4B259.9B228.4B

Currently Active Assets on Macroaxis

Other Information on Investing in China Stock

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