Juneyao Total Stockholder Equity vs Total Assets Analysis

603885 Stock   14.54  0.14  0.97%   
Juneyao Airlines financial indicator trend analysis is infinitely more than just investigating Juneyao Airlines recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Juneyao Airlines is a good investment. Please check the relationship between Juneyao Airlines Total Stockholder Equity and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Juneyao Airlines. 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.

Total Stockholder Equity vs Total Assets

Total Stockholder Equity vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Juneyao Airlines Total Stockholder Equity account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Juneyao Airlines' Total Stockholder Equity and Total Assets is 0.84. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Assets in the same time period over historical financial statements of Juneyao Airlines, assuming nothing else is changed. The correlation between historical values of Juneyao Airlines' Total Stockholder Equity and Total 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 Total Stockholder Equity of Juneyao Airlines are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Stockholder Equity i.e., Juneyao Airlines' Total Stockholder Equity and Total Assets go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Total Assets

Total assets refers to the total amount of Juneyao Airlines assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Juneyao Airlines books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Juneyao Airlines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Juneyao Airlines 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 Juneyao Airlines. 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 220.2 M, whereas Selling General Administrative is forecasted to decline to about 740.1 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses12.0B11.5B17.6B12.9B
Research Development79.1M67.5M78.0M43.4M

Juneyao Airlines fundamental ratios Correlations

0.20.980.840.020.320.460.530.810.54-0.180.970.750.980.750.940.90.84-0.750.920.940.540.820.950.170.93
0.20.160.50.650.78-0.270.51-0.140.530.20.310.280.080.470.29-0.060.38-0.330.340.060.410.30.020.29-0.05
0.980.160.780.00.230.490.50.820.42-0.190.940.70.980.740.920.90.77-0.750.880.960.490.810.940.060.92
0.840.50.780.070.70.340.830.60.80.260.870.860.720.610.910.720.97-0.530.860.690.840.90.670.420.62
0.020.650.00.070.23-0.160.02-0.090.09-0.380.15-0.170.010.460.01-0.070.05-0.510.220.060.060.020.04-0.140.0
0.320.780.230.70.23-0.20.67-0.090.710.520.410.610.160.350.440.080.6-0.190.440.070.670.510.090.510.05
0.46-0.270.490.34-0.16-0.20.330.770.18-0.080.460.140.470.080.470.710.46-0.340.470.490.380.470.49-0.080.49
0.530.510.50.830.020.670.330.350.640.490.560.550.380.310.750.470.77-0.260.520.380.820.740.280.210.24
0.81-0.140.820.6-0.09-0.090.770.350.42-0.240.790.50.820.460.750.930.69-0.590.80.830.450.660.870.130.84
0.540.530.420.80.090.710.180.640.420.250.610.60.410.310.610.420.8-0.250.670.280.640.530.420.790.38
-0.180.2-0.190.26-0.380.52-0.080.49-0.240.25-0.110.32-0.33-0.420.06-0.230.220.56-0.1-0.320.550.27-0.410.4-0.46
0.970.310.940.870.150.410.460.560.790.61-0.110.750.930.720.940.860.89-0.740.980.90.660.880.910.250.87
0.750.280.70.86-0.170.610.140.550.50.60.320.750.660.580.730.630.82-0.410.740.640.730.820.640.420.58
0.980.080.980.720.010.160.470.380.820.41-0.330.930.660.740.880.90.72-0.770.870.960.390.730.980.070.97
0.750.470.740.610.460.350.080.310.460.31-0.420.720.580.740.610.630.53-0.930.70.760.30.540.75-0.110.71
0.940.290.920.910.010.440.470.750.750.610.060.940.730.880.610.840.9-0.610.880.850.710.90.810.20.78
0.9-0.060.90.72-0.070.080.710.470.930.42-0.230.860.630.90.630.840.77-0.730.840.90.530.760.920.010.91
0.840.380.770.970.050.60.460.770.690.80.220.890.820.720.530.90.77-0.510.90.70.870.920.70.450.66
-0.75-0.33-0.75-0.53-0.51-0.19-0.34-0.26-0.59-0.250.56-0.74-0.41-0.77-0.93-0.61-0.73-0.51-0.74-0.79-0.28-0.53-0.790.23-0.78
0.920.340.880.860.220.440.470.520.80.67-0.10.980.740.870.70.880.840.9-0.740.840.690.850.880.340.84
0.940.060.960.690.060.070.490.380.830.28-0.320.90.640.960.760.850.90.7-0.790.840.440.780.95-0.090.92
0.540.410.490.840.060.670.380.820.450.640.550.660.730.390.30.710.530.87-0.280.690.440.890.360.350.29
0.820.30.810.90.020.510.470.740.660.530.270.880.820.730.540.90.760.92-0.530.850.780.890.680.190.63
0.950.020.940.670.040.090.490.280.870.42-0.410.910.640.980.750.810.920.7-0.790.880.950.360.680.10.99
0.170.290.060.42-0.140.51-0.080.210.130.790.40.250.420.07-0.110.20.010.450.230.34-0.090.350.190.10.05
0.93-0.050.920.620.00.050.490.240.840.38-0.460.870.580.970.710.780.910.66-0.780.840.920.290.630.990.05
Click cells to compare fundamentals

Juneyao Airlines Account Relationship Matchups

Juneyao Airlines fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets33.1B32.3B43.9B45.1B44.9B26.8B
Other Current Liab1.8B3.3B855.1M890.8M46.0M43.7M
Total Current Liabilities9.8B11.3B15.0B17.9B16.9B9.5B
Total Stockholder Equity12.9B10.9B10.1B9.5B8.4B7.9B
Other Liab262.5M4.1B305.2M314.8M362.0M343.9M
Retained Earnings5.8B5.2B4.3B45.2M27.3M25.9M
Accounts Payable572.0M578.1M523.4M545.0M1.3B1.4B
Cash1.6B1.8B1.1B1.2B1.4B1.4B
Other Assets2.1B1.4B1.6B2.9B3.4B3.6B
Long Term Debt10.2B6.0B4.5B3.6B4.1B4.7B
Net Receivables1.7B520.3M582.4M470.5M495.6M860.4M
Inventory197.6M206.7M206.9M208.9M248.9M138.4M
Other Current Assets951.8M428.2M1.0B818.1M356.6M539.7M
Total Liab20.2B21.4B33.8B35.6B36.5B18.8B
Intangible Assets133.0M874.8M847.3M720.6M162.1M276.3M
Property Plant Equipment19.5B20.3B32.5B32.1B36.9B38.7B
Net Tangible Assets12.8B10.0B9.3B8.8B10.1B9.6B
Other Stockholder Equity5.3M(1.3B)(1.1B)(756.1M)(680.5M)(646.5M)
Deferred Long Term Liab1.2B1.2B1.1B1.1B1.3B1.0B
Short Long Term Debt3.4B6.2B8.2B10.8B9.5B6.0B
Total Current Assets4.6B4.3B3.7B3.4B3.9B4.4B
Non Current Assets Total28.5B28.0B40.2B41.8B41.0B31.0B
Non Currrent Assets Other796.8M17.3M25.5M29.2M18.1M17.2M
Non Current Liabilities Total10.4B10.1B19.0B17.7B19.6B12.3B
Non Current Liabilities Other126.4M116.9M313.3M314.8M347.4M330.1M
Net Debt8.7B10.4B11.5B13.3B12.2B10.4B
Net Invested Capital23.2B23.1B22.7B24.0B22.0B23.1B
Net Working Capital(5.2B)(7.0B)(11.1B)(14.5B)(13.0B)(12.4B)
Short Term Investments112.5M145.0M104.3M108.8M100.8M111.2M

Currently Active Assets on Macroaxis

Other Information on Investing in Juneyao Stock

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