Zhuzhou Intangible Assets vs Other Liab Analysis

601636 Stock   5.97  0.17  2.77%   
Zhuzhou Kibing financial indicator trend analysis is more than just analyzing Zhuzhou Kibing Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhuzhou Kibing Group is a good investment. Please check the relationship between Zhuzhou Kibing Intangible Assets and its Other Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhuzhou Kibing Group. 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.

Intangible Assets vs Other Liab

Intangible Assets vs Other Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhuzhou Kibing Group Intangible Assets account and Other Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between Zhuzhou Kibing's Intangible Assets and Other Liab is 0.31. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Other Liab in the same time period over historical financial statements of Zhuzhou Kibing Group, assuming nothing else is changed. The correlation between historical values of Zhuzhou Kibing's Intangible Assets and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Zhuzhou Kibing Group are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Intangible Assets i.e., Zhuzhou Kibing's Intangible Assets and Other Liab go up and down completely randomly.

Correlation Coefficient

0.31
Relationship DirectionPositive 
Relationship StrengthVery Weak

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Other Liab

Most indicators from Zhuzhou Kibing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhuzhou Kibing Group 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 Zhuzhou Kibing Group. 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 Tax Provision is expected to grow to about 286 M, whereas Selling General Administrative is forecasted to decline to about 222.2 M.
 2021 2022 2023 2024 (projected)
Operating Income5.1B1.5B2.3B1.3B
Total Revenue14.6B13.3B15.7B16.5B

Zhuzhou Kibing fundamental ratios Correlations

-0.170.750.940.910.970.880.940.910.880.690.860.960.960.610.670.940.270.810.93-0.470.54-0.060.78-0.680.12
-0.170.030.050.03-0.33-0.170.12-0.45-0.540.25-0.63-0.330.040.480.44-0.280.32-0.06-0.270.10.270.24-0.18-0.250.24
0.750.030.720.660.690.680.720.560.590.780.570.720.740.680.760.710.040.750.66-0.310.320.20.76-0.420.39
0.940.050.720.980.880.860.960.740.70.810.70.820.970.740.780.890.280.890.9-0.450.6-0.010.79-0.840.15
0.910.030.660.980.880.890.930.710.660.810.690.770.940.670.70.890.20.910.92-0.460.55-0.060.84-0.820.13
0.97-0.330.690.880.880.90.870.940.910.60.910.960.910.460.510.950.150.80.96-0.460.4-0.150.82-0.570.04
0.88-0.170.680.860.890.90.810.760.730.770.780.810.830.410.480.970.040.830.96-0.390.34-0.140.93-0.520.11
0.940.120.720.960.930.870.810.770.70.740.650.840.990.790.810.840.420.820.85-0.410.64-0.030.72-0.810.12
0.91-0.450.560.740.710.940.760.770.970.390.930.970.80.350.40.860.280.630.85-0.390.43-0.230.65-0.45-0.05
0.88-0.540.590.70.660.910.730.70.970.340.950.950.750.30.340.840.10.60.83-0.40.39-0.070.63-0.390.1
0.690.250.780.810.810.60.770.740.390.340.410.530.710.660.780.730.160.820.69-0.250.31-0.060.79-0.610.13
0.86-0.630.570.70.690.910.780.650.930.950.410.910.710.20.270.880.010.650.87-0.410.25-0.160.71-0.350.0
0.96-0.330.720.820.770.960.810.840.970.950.530.910.870.470.540.90.250.680.87-0.440.45-0.080.7-0.490.1
0.960.040.740.970.940.910.830.990.80.750.710.710.870.750.760.870.310.850.89-0.470.640.040.76-0.80.19
0.610.480.680.740.670.460.410.790.350.30.660.20.470.750.960.440.480.660.45-0.210.70.190.45-0.820.29
0.670.440.760.780.70.510.480.810.40.340.780.270.540.760.960.520.510.70.5-0.20.620.110.52-0.770.23
0.94-0.280.710.890.890.950.970.840.860.840.730.880.90.870.440.520.110.830.98-0.40.38-0.140.88-0.550.08
0.270.320.040.280.20.150.040.420.280.10.160.010.250.310.480.510.110.090.080.040.59-0.23-0.06-0.45-0.22
0.81-0.060.750.890.910.80.830.820.630.60.820.650.680.850.660.70.830.090.87-0.330.43-0.10.93-0.740.11
0.93-0.270.660.90.920.960.960.850.850.830.690.870.870.890.450.50.980.080.87-0.370.4-0.160.9-0.620.06
-0.470.1-0.31-0.45-0.46-0.46-0.39-0.41-0.39-0.4-0.25-0.41-0.44-0.47-0.21-0.2-0.40.04-0.33-0.37-0.38-0.26-0.30.31-0.23
0.540.270.320.60.550.40.340.640.430.390.310.250.450.640.70.620.380.590.430.4-0.380.370.25-0.770.45
-0.060.240.2-0.01-0.06-0.15-0.14-0.03-0.23-0.07-0.06-0.16-0.080.040.190.11-0.14-0.23-0.1-0.16-0.260.37-0.15-0.070.92
0.78-0.180.760.790.840.820.930.720.650.630.790.710.70.760.450.520.88-0.060.930.9-0.30.25-0.15-0.50.12
-0.68-0.25-0.42-0.84-0.82-0.57-0.52-0.81-0.45-0.39-0.61-0.35-0.49-0.8-0.82-0.77-0.55-0.45-0.74-0.620.31-0.77-0.07-0.5-0.14
0.120.240.390.150.130.040.110.12-0.050.10.130.00.10.190.290.230.08-0.220.110.06-0.230.450.920.12-0.14
Click cells to compare fundamentals

Zhuzhou Kibing Account Relationship Matchups

Zhuzhou Kibing fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets13.1B14.3B20.9B24.4B31.9B33.5B
Other Current Liab945.8M735.4M1.1B190.2M31.1M29.6M
Total Current Liabilities3.1B3.7B4.5B5.8B6.7B3.5B
Total Stockholder Equity8.2B9.5B13.3B12.6B13.5B14.2B
Retained Earnings3.8B4.8B8.1B6.2B7.2B7.5B
Accounts Payable600.7M1.0B1.9B2.4B3.3B3.5B
Cash488.4M909.8M4.4B3.3B3.7B3.9B
Other Assets690.2M607.1M701.8M1.0B1.2B1.2B
Long Term Debt1.1B494.1M2.2B4.9B9.4B9.8B
Net Receivables306.6M139.9M250.7M796.4M1.4B1.4B
Inventory1.3B1.7B2.6B2.0B2.0B1.4B
Other Current Assets126.3M78.3M266.5M865.3M1.2B1.3B
Total Liab4.8B4.8B7.4B11.5B17.0B17.8B
Intangible Assets880.4M1.1B1.4B1.6B1.8B1.9B
Common Stock2.7B2.7B2.7B2.7B3.1B1.8B
Property Plant Equipment9.2B9.0B9.2B9.9B11.3B6.8B
Other Liab1.2B614.6M563.6M684.3M786.9M917.7M
Net Tangible Assets6.7B7.4B8.4B11.9B13.7B7.9B
Other Stockholder Equity36.7M56.8M31.9M254.2M292.3M307.0M
Deferred Long Term Liab118.9M101.6M66.9M95.2M85.7M75.8M
Short Long Term Debt937.6M1.3B494.7M1.1B352.9M695.7M
Total Current Assets2.5B3.3B8.6B7.7B9.1B4.9B
Non Current Assets Total10.6B11.0B12.3B16.7B22.9B14.4B
Non Currrent Assets Other353.6M388.1M595.8M1.4B1.7B1.8B
Non Current Liabilities Total1.7B1.1B2.9B5.7B10.3B10.8B
Non Current Liabilities Other5.7M7.9M5.6M123.0M131.2M124.7M
Net Debt1.5B1.6B851.8M2.7B6.0B6.3B
Common Stock Shares Outstanding2.7B2.7B2.7B2.7B2.7B3.0B
Net Invested Capital10.3B11.2B16.1B18.6B23.3B15.4B
Net Working Capital(587.6M)(415.9M)4.1B2.0B2.3B2.4B
Capital Stock2.7B2.7B2.7B2.7B2.7B2.1B

Currently Active Assets on Macroaxis

Other Information on Investing in Zhuzhou Stock

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