Zhongtong Non Current Liabilities Total vs Intangible Assets Analysis

603559 Stock   11.21  0.05  0.45%   
Zhongtong Guomai financial indicator trend analysis is more than just analyzing Zhongtong Guomai Com current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhongtong Guomai Com is a good investment. Please check the relationship between Zhongtong Guomai Non Current Liabilities Total and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhongtong Guomai Communication. 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.

Non Current Liabilities Total vs Intangible Assets

Non Current Liabilities Total vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhongtong Guomai Com Non Current Liabilities Total account and Intangible Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Zhongtong Guomai's Non Current Liabilities Total and Intangible Assets is 0.44. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Zhongtong Guomai Communication, assuming nothing else is changed. The correlation between historical values of Zhongtong Guomai's Non Current Liabilities Total 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 Non Current Liabilities Total of Zhongtong Guomai Communication 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 Non Current Liabilities Total i.e., Zhongtong Guomai's Non Current Liabilities Total and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.44
Relationship DirectionPositive 
Relationship StrengthWeak

Non Current Liabilities Total

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Zhongtong Guomai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhongtong Guomai Com 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 Zhongtong Guomai Communication. 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 Selling General Administrative is expected to grow to about 17.3 M, whereas Tax Provision is projected to grow to (1.7 M).
 2021 2022 2023 2024 (projected)
Cost Of Revenue460.9M384.0M302.5M428.4M
Research Development5.6M4.4M522.2K496.1K

Zhongtong Guomai fundamental ratios Correlations

0.690.90.790.73-0.02-0.050.730.610.930.80.660.670.910.830.880.620.830.820.860.030.70.390.880.950.13
0.690.440.890.440.54-0.510.830.020.80.460.050.620.430.690.540.580.530.340.770.340.24-0.160.50.53-0.4
0.90.440.50.8-0.370.350.430.830.720.790.850.541.00.620.920.540.750.950.63-0.140.710.720.910.920.34
0.790.890.50.460.58-0.510.90.020.870.490.10.640.510.780.560.50.580.360.910.330.37-0.150.530.61-0.42
0.730.440.80.46-0.310.210.440.670.550.850.750.330.780.460.880.60.820.850.4-0.050.480.580.630.640.33
-0.020.54-0.370.58-0.31-0.760.52-0.790.21-0.35-0.740.25-0.350.19-0.3-0.08-0.22-0.530.40.41-0.23-0.74-0.25-0.21-0.88
-0.05-0.510.35-0.510.21-0.76-0.490.6-0.330.080.52-0.180.33-0.350.16-0.25-0.070.37-0.39-0.520.090.810.280.120.41
0.730.830.430.90.440.52-0.490.020.780.530.080.520.460.690.510.480.620.340.80.120.49-0.120.450.57-0.3
0.610.020.830.020.67-0.790.60.020.370.730.980.290.820.310.740.380.640.890.17-0.390.590.850.770.750.72
0.930.80.720.870.550.21-0.330.780.370.650.430.580.720.940.730.670.70.60.920.250.540.060.730.85-0.03
0.80.460.790.490.85-0.350.080.530.730.650.810.370.780.570.90.710.980.880.46-0.050.550.480.680.750.45
0.660.050.850.10.75-0.740.520.080.980.430.810.280.840.360.80.460.720.920.23-0.330.590.810.760.760.7
0.670.620.540.640.330.25-0.180.520.290.580.370.280.560.440.460.160.420.430.67-0.150.590.260.710.65-0.14
0.910.431.00.510.78-0.350.330.460.820.720.780.840.560.620.920.530.750.950.65-0.180.760.720.90.920.35
0.830.690.620.780.460.19-0.350.690.310.940.570.360.440.620.640.70.620.510.850.370.44-0.020.610.740.02
0.880.540.920.560.88-0.30.160.510.740.730.90.80.460.920.640.780.890.960.59-0.020.640.580.760.810.35
0.620.580.540.50.6-0.08-0.250.480.380.670.710.460.160.530.70.780.750.620.460.290.320.080.350.490.25
0.830.530.750.580.82-0.22-0.070.620.640.70.980.720.420.750.620.890.750.840.550.00.60.380.640.740.4
0.820.340.950.360.85-0.530.370.340.890.60.880.920.430.950.510.960.620.840.46-0.160.680.760.80.830.54
0.860.770.630.910.40.4-0.390.80.170.920.460.230.670.650.850.590.460.550.460.320.55-0.010.650.76-0.22
0.030.34-0.140.33-0.050.41-0.520.12-0.390.25-0.05-0.33-0.15-0.180.37-0.020.290.0-0.160.32-0.43-0.6-0.23-0.14-0.28
0.70.240.710.370.48-0.230.090.490.590.540.550.590.590.760.440.640.320.60.680.55-0.430.580.640.750.44
0.39-0.160.72-0.150.58-0.740.81-0.120.850.060.480.810.260.72-0.020.580.080.380.76-0.01-0.60.580.610.520.58
0.880.50.910.530.63-0.250.280.450.770.730.680.760.710.90.610.760.350.640.80.65-0.230.640.610.950.2
0.950.530.920.610.64-0.210.120.570.750.850.750.760.650.920.740.810.490.740.830.76-0.140.750.520.950.28
0.13-0.40.34-0.420.33-0.880.41-0.30.72-0.030.450.7-0.140.350.020.350.250.40.54-0.22-0.280.440.580.20.28
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Zhongtong Guomai Account Relationship Matchups

Zhongtong Guomai fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.8B1.9B1.5B1.2B1.1B1.1B
Other Current Liab262.3M304.7M301.4M5.6M1.2M1.2M
Total Current Liabilities840.3M880.2M914.8M866.1M905.3M586.8M
Total Stockholder Equity879.4M876.5M520.9M369.4M127.9M121.5M
Other Liab4.6M4.4M4.2M5.3M6.1M3.3M
Retained Earnings262.3M258.7M(97.6M)(284.2M)(526.4M)(500.1M)
Accounts Payable104.6M93.4M328.7M361.4M340.5M192.2M
Cash289.6M199.0M147.7M35.5M55.0M52.3M
Other Assets23.6M35.0M49.2M70.8M81.4M85.5M
Net Receivables749.2M645.9M527.6M413.0M327.9M472.0M
Inventory293.6M354.6M419.0M565.0M557.0M584.8M
Other Current Assets19.0M97.1M32.9M7.5M6.2M5.9M
Total Liab942.6M983.9M936.2M882.6M999.0M618.2M
Intangible Assets32.1M28.3M25.4M22.1M21.3M26.3M
Property Plant Equipment80.3M72.0M60.3M61.4M70.6M66.4M
Net Tangible Assets506.0M522.0M523.4M452.9M520.8M516.9M
Other Stockholder Equity21.1M21.3M22.8M23.4M27.0M21.6M
Non Current Assets Total467.2M465.7M203.8M146.0M92.3M87.7M
Non Currrent Assets Other1.5M4.9M3.0M2.7M5.2M4.9M
Non Current Liabilities Total102.4M103.7M21.3M16.5M93.8M48.2M
Deferred Long Term Liab2.3M3.0M3.4M3.8M4.3M3.2M
Short Long Term Debt155.2M232.0M232.5M156.4M100.3M144.2M
Total Current Assets1.4B1.4B1.2B1.1B1.0B1.2B
Non Current Liabilities Other1.3M1.4M2.3M13.2M89.9M94.4M
Net Invested Capital1.1B1.2B765.4M525.8M228.2M216.8M
Net Working Capital511.3M510.3M332.1M232.6M121.9M115.8M

Currently Active Assets on Macroaxis

Other Information on Investing in Zhongtong Stock

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