China Long Term Investments vs Deferred Long Term Liab Analysis

603060 Stock   7.57  0.05  0.66%   
China Building financial indicator trend analysis is way more than just evaluating China Building Material prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Building Material is a good investment. Please check the relationship between China Building Long Term Investments and its Deferred Long Term Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Building Material. 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.

Long Term Investments vs Deferred Long Term Liab

Long Term Investments vs Deferred Long Term Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Building Material Long Term Investments account and Deferred Long Term Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between China Building's Long Term Investments and Deferred Long Term Liab is 0.72. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of China Building Material, assuming nothing else is changed. The correlation between historical values of China Building's Long Term Investments and Deferred Long Term 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 Long Term Investments of China Building Material are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Long Term Investments i.e., China Building's Long Term Investments and Deferred Long Term Liab go up and down completely randomly.

Correlation Coefficient

0.72
Relationship DirectionPositive 
Relationship StrengthSignificant

Long Term Investments

Long Term Investments is an item on the asset side of China Building balance sheet that represents investments China Building Material intends to hold for over a year. China Building Material long term investments may include different instruments such as stocks, bonds, real estate and cash.

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from China Building's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Building Material 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 Building Material. 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 112.5 M. In addition to that, Tax Provision is expected to decline to about 37.9 M
 2021 2022 2023 2024 (projected)
Operating Income421.0M426.9M472.1M249.7M
Total Revenue2.2B2.4B2.7B2.8B

China Building fundamental ratios Correlations

0.40.980.840.910.840.860.660.980.980.980.980.270.980.750.991.00.890.70.980.810.870.920.650.92-0.75
0.40.260.630.510.7-0.10.440.360.240.430.410.910.290.590.360.40.190.440.360.5-0.070.470.560.55-0.56
0.980.260.730.830.730.930.530.961.00.980.980.141.00.740.990.980.950.570.990.70.940.860.50.89-0.63
0.840.630.730.920.980.520.870.790.730.760.790.520.730.690.790.810.560.890.750.870.540.950.920.86-0.88
0.910.510.830.920.920.680.80.850.830.820.850.40.820.620.880.890.650.890.840.920.680.890.820.82-0.9
0.840.70.730.980.920.50.770.790.730.780.80.580.740.770.80.830.580.820.770.870.520.910.840.89-0.87
0.86-0.10.930.520.680.50.380.840.930.840.84-0.170.910.540.890.870.890.450.890.570.990.70.320.72-0.47
0.660.440.530.870.80.770.380.590.530.520.560.380.520.350.590.60.330.90.510.720.410.80.960.59-0.72
0.980.360.960.790.850.790.840.590.960.960.970.190.970.780.970.980.910.620.960.750.870.880.580.89-0.69
0.980.241.00.730.830.730.930.530.960.970.980.121.00.720.990.980.950.580.990.720.950.860.50.89-0.65
0.980.430.980.760.820.780.840.520.960.970.990.290.990.810.980.980.950.550.990.710.860.870.510.94-0.65
0.980.410.980.790.850.80.840.560.970.980.990.270.990.780.980.980.940.60.990.740.870.90.560.93-0.69
0.270.910.140.520.40.58-0.170.380.190.120.290.270.160.420.230.260.070.390.230.45-0.170.360.490.42-0.51
0.980.291.00.730.820.740.910.520.971.00.990.990.160.760.990.980.960.550.990.690.930.860.490.9-0.62
0.750.590.740.690.620.770.540.350.780.720.810.780.420.760.770.790.720.370.780.530.550.730.420.87-0.5
0.990.360.990.790.880.80.890.590.970.990.980.980.230.990.771.00.920.640.990.760.90.890.580.92-0.7
1.00.40.980.810.890.830.870.60.980.980.980.980.260.980.791.00.910.650.990.790.870.90.590.93-0.73
0.890.190.950.560.650.580.890.330.910.950.950.940.070.960.720.920.910.340.950.530.910.760.290.85-0.45
0.70.440.570.890.890.820.450.90.620.580.550.60.390.550.370.640.650.340.570.90.450.80.950.6-0.9
0.980.360.990.750.840.770.890.510.960.990.990.990.230.990.780.990.990.950.570.720.90.870.510.93-0.66
0.810.50.70.870.920.870.570.720.750.720.710.740.450.690.530.760.790.530.90.720.550.810.820.72-0.99
0.87-0.070.940.540.680.520.990.410.870.950.860.87-0.170.930.550.90.870.910.450.90.550.740.340.73-0.46
0.920.470.860.950.890.910.70.80.880.860.870.90.360.860.730.890.90.760.80.870.810.740.820.93-0.78
0.650.560.50.920.820.840.320.960.580.50.510.560.490.490.420.580.590.290.950.510.820.340.820.62-0.84
0.920.550.890.860.820.890.720.590.890.890.940.930.420.90.870.920.930.850.60.930.720.730.930.62-0.69
-0.75-0.56-0.63-0.88-0.9-0.87-0.47-0.72-0.69-0.65-0.65-0.69-0.51-0.62-0.5-0.7-0.73-0.45-0.9-0.66-0.99-0.46-0.78-0.84-0.69
Click cells to compare fundamentals

China Building Account Relationship Matchups

China Building fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B2.4B3.8B4.4B5.1B5.3B
Other Current Liab298.8M426.2M612.5M487.6M56.0M53.2M
Total Current Liabilities339.0M545.7M951.7M1.2B1.6B1.7B
Total Stockholder Equity1.3B1.4B1.6B1.8B1.9B1.1B
Other Liab107.4M119.6M122.0M128.3M147.5M154.9M
Retained Earnings616.8M693.2M790.2M906.8M859.8M480.7M
Accounts Payable8.2M36.6M46.8M96.7M265.1M278.3M
Cash306.0M308.2M315.5M322.0M388.9M274.7M
Other Assets48.5M63.6M141.6M149.8M172.3M180.9M
Net Receivables221.8M302.1M655.6M937.6M1.2B1.3B
Good Will150.4M266.1M622.6M670.5M702.3M737.4M
Inventory28.7M27.1M73.8M91.5M90.8M95.4M
Other Current Assets71.5M103.2M124.3M102.0M15.6M14.9M
Total Liab445.3M703.4M1.7B2.0B2.5B2.6B
Intangible Assets97.1M133.7M188.4M185.0M185.5M117.6M
Common Stock308M431.2M603.7M729.2M838.6M880.5M
Property Plant Equipment654.3M937.6M1.4B1.6B1.9B2.0B
Net Tangible Assets1.0B980.6M767.6M921.9M1.1B930.1M
Deferred Long Term Liab22.7M34.2M57.4M65.3M75.0M78.8M
Total Current Assets816.2M877.9M1.4B1.7B2.0B1.2B
Non Current Assets Total1.1B1.5B2.5B2.7B3.1B1.7B
Non Currrent Assets Other13.1M1M23.3M12.0M16.5M15.7M
Non Current Liabilities Total107.2M157.6M710.3M740.9M871.7M915.2M
Net Invested Capital1.3B1.4B2.1B2.6B3.2B2.0B
Net Working Capital468.1M332.2M408.1M414.2M388.0M374.4M
Other Stockholder Equity35.5M36.7M36.7M21.9M25.2M32.0M
Capital Stock308M431.2M603.7M729.2M803.9M567.6M

Currently Active Assets on Macroaxis

Other Information on Investing in China Stock

Balance Sheet is a snapshot of the financial position of China Building Material at a specified time, usually calculated after every quarter, six months, or one year. China Building Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Building 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.