China Net Tangible Assets vs Net Receivables Analysis

688396 Stock

50.77 2.28 4.70%

China Resources financial indicator trend analysis is way more than just evaluating China Resources Micr prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Resources Micr is a good investment. Please check the relationship between China Resources Net Tangible Assets and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Resources Microelectronics. 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.

Net Tangible Assets vs Net Receivables

Net Tangible Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Resources Micr Net Tangible Assets account and Net Receivables. At this time, the significance of the direction appears to have pay attention.

The correlation between China Resources' Net Tangible Assets and Net Receivables is -0.74. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of China Resources Microelectronics, assuming nothing else is changed. The correlation between historical values of China Resources' Net Tangible Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of China Resources Microelectronics are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Tangible Assets i.e., China Resources' Net Tangible Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.74

Relationship Direction	Negative
Relationship Strength	Weak

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Net Receivables

Most indicators from China Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Resources Micr 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 Resources Microelectronics. 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 227.8 M, whereas Tax Provision is forecasted to decline to about 81.5 M.

	2022	2023	2024	2025 (projected)
Gross Profit	3.7B	3.2B	2.8B	2.4B
Total Revenue	10.1B	9.9B	10.1B	8.4B

Gross Profit Total Revenue

China Resources fundamental ratios Correlations

	Other Liab	Net Tangible Assets	Retained Earnings	Other Assets	Other Stockholder Equity	Common Stock	Property Plant Equipment	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Total Current Assets	Non Current Liabilities Other	Intangible Assets
Other Liab		-0.7	-0.75	-0.86	-0.1	-0.66	-0.5	-0.68	-0.12	-0.75	-0.68	-0.69	-0.69	-0.56	-0.38	-0.49	0.6	-0.43	0.82	-0.75	-0.01	-0.18	-0.79	-0.71	0.88	-0.68
Net Tangible Assets	-0.7		0.97	0.87	0.49	0.9	0.85	0.95	0.05	0.8	0.95	0.95	0.91	0.87	0.27	0.24	-0.74	0.79	-0.75	0.94	-0.07	0.56	0.66	0.93	-0.76	0.91
Retained Earnings	-0.75	0.97		0.88	0.38	0.86	0.8	0.91	-0.04	0.73	0.91	0.88	0.85	0.88	0.25	0.23	-0.69	0.81	-0.68	0.9	-0.08	0.54	0.6	0.87	-0.71	0.86
Other Assets	-0.86	0.87	0.88		0.34	0.93	0.81	0.92	0.17	0.83	0.93	0.9	0.89	0.85	0.43	0.32	-0.67	0.56	-0.82	0.93	0.03	0.38	0.72	0.9	-0.82	0.89
Other Stockholder Equity	-0.1	0.49	0.38	0.34		0.41	0.65	0.49	0.04	0.46	0.48	0.47	0.39	0.54	0.04	0.51	-0.02	0.5	-0.41	0.54	0.15	0.31	0.35	0.43	-0.34	0.37
Common Stock	-0.66	0.9	0.86	0.93	0.41		0.89	0.96	0.16	0.76	0.97	0.96	0.92	0.89	0.33	0.18	-0.74	0.6	-0.7	0.92	-0.03	0.46	0.67	0.93	-0.7	0.95
Property Plant Equipment	-0.5	0.85	0.8	0.81	0.65	0.89		0.94	0.1	0.75	0.93	0.86	0.84	0.95	0.35	0.35	-0.52	0.67	-0.67	0.94	0.11	0.53	0.61	0.86	-0.66	0.87
Total Assets	-0.68	0.95	0.91	0.92	0.49	0.96	0.94		0.13	0.83	1.0	0.95	0.96	0.93	0.46	0.28	-0.7	0.65	-0.75	0.98	-0.05	0.57	0.67	0.97	-0.77	0.96
Other Current Liab	-0.12	0.05	-0.04	0.17	0.04	0.16	0.1	0.13		0.25	0.15	0.29	0.33	-0.13	0.51	0.11	-0.24	-0.39	-0.15	0.13	0.65	0.26	0.19	0.3	-0.18	0.35
Total Current Liabilities	-0.75	0.8	0.73	0.83	0.46	0.76	0.75	0.83	0.25		0.82	0.81	0.83	0.71	0.5	0.46	-0.47	0.49	-0.94	0.9	0.03	0.57	0.77	0.85	-0.86	0.8
Total Stockholder Equity	-0.68	0.95	0.91	0.93	0.48	0.97	0.93	1.0	0.15	0.82		0.96	0.97	0.92	0.46	0.24	-0.73	0.63	-0.75	0.97	-0.03	0.54	0.66	0.97	-0.76	0.96
Accounts Payable	-0.69	0.95	0.88	0.9	0.47	0.96	0.86	0.95	0.29	0.81	0.96		0.97	0.82	0.38	0.23	-0.8	0.6	-0.76	0.93	0.05	0.51	0.71	0.97	-0.77	0.98
Cash	-0.69	0.91	0.85	0.89	0.39	0.92	0.84	0.96	0.33	0.83	0.97	0.97		0.79	0.59	0.21	-0.81	0.48	-0.75	0.93	-0.02	0.58	0.68	1.0	-0.78	0.98
Non Current Assets Total	-0.56	0.87	0.88	0.85	0.54	0.89	0.95	0.93	-0.13	0.71	0.92	0.82	0.79		0.24	0.25	-0.49	0.77	-0.63	0.92	-0.07	0.5	0.53	0.82	-0.61	0.81
Non Currrent Assets Other	-0.38	0.27	0.25	0.43	0.04	0.33	0.35	0.46	0.51	0.5	0.46	0.38	0.59	0.24		0.19	-0.37	-0.29	-0.39	0.44	-0.01	0.37	0.31	0.56	-0.47	0.5
Long Term Debt	-0.49	0.24	0.23	0.32	0.51	0.18	0.35	0.28	0.11	0.46	0.24	0.23	0.21	0.25	0.19		0.01	0.22	-0.5	0.42	0.23	0.09	0.73	0.27	-0.59	0.21
Net Receivables	0.6	-0.74	-0.69	-0.67	-0.02	-0.74	-0.52	-0.7	-0.24	-0.47	-0.73	-0.8	-0.81	-0.49	-0.37	0.01		-0.34	0.5	-0.64	0.12	-0.21	-0.59	-0.79	0.66	-0.81
Good Will	-0.43	0.79	0.81	0.56	0.5	0.6	0.67	0.65	-0.39	0.49	0.63	0.6	0.48	0.77	-0.29	0.22	-0.34		-0.48	0.67	-0.07	0.4	0.41	0.52	-0.45	0.52
Non Current Liabilities Total	0.82	-0.75	-0.68	-0.82	-0.41	-0.7	-0.67	-0.75	-0.15	-0.94	-0.75	-0.76	-0.75	-0.63	-0.39	-0.5	0.5	-0.48		-0.84	-0.02	-0.26	-0.82	-0.77	0.94	-0.72
Inventory	-0.75	0.94	0.9	0.93	0.54	0.92	0.94	0.98	0.13	0.9	0.97	0.93	0.93	0.92	0.44	0.42	-0.64	0.67	-0.84		0.02	0.53	0.75	0.95	-0.85	0.92
Other Current Assets	-0.01	-0.07	-0.08	0.03	0.15	-0.03	0.11	-0.05	0.65	0.03	-0.03	0.05	-0.02	-0.07	-0.01	0.23	0.12	-0.07	-0.02	0.02		-0.02	0.01	-0.03	-0.03	0.08
Total Liab	-0.18	0.56	0.54	0.38	0.31	0.46	0.53	0.57	0.26	0.57	0.54	0.51	0.58	0.5	0.37	0.09	-0.21	0.4	-0.26	0.53	-0.02		0.22	0.58	-0.22	0.57
Deferred Long Term Liab	-0.79	0.66	0.6	0.72	0.35	0.67	0.61	0.67	0.19	0.77	0.66	0.71	0.68	0.53	0.31	0.73	-0.59	0.41	-0.82	0.75	0.01	0.22		0.72	-0.91	0.69
Total Current Assets	-0.71	0.93	0.87	0.9	0.43	0.93	0.86	0.97	0.3	0.85	0.97	0.97	1.0	0.82	0.56	0.27	-0.79	0.52	-0.77	0.95	-0.03	0.58	0.72		-0.81	0.98
Non Current Liabilities Other	0.88	-0.76	-0.71	-0.82	-0.34	-0.7	-0.66	-0.77	-0.18	-0.86	-0.76	-0.77	-0.78	-0.61	-0.47	-0.59	0.66	-0.45	0.94	-0.85	-0.03	-0.22	-0.91	-0.81		-0.76
Intangible Assets	-0.68	0.91	0.86	0.89	0.37	0.95	0.87	0.96	0.35	0.8	0.96	0.98	0.98	0.81	0.5	0.21	-0.81	0.52	-0.72	0.92	0.08	0.57	0.69	0.98	-0.76

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China Resources Account Relationship Matchups

China Resources fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Other Liab	318.4M	219.6M	255.9M	264.4M	237.9M	226.0M
Net Tangible Assets	5.1B	10.3B	16.9B	18.9B	21.7B	22.8B
Retained Earnings	(301.9M)	2.0B	4.6B	5.8B	6.4B	6.7B
Other Assets	326.1M	324.7M	366.5M	464.9M	534.6M	359.5M
Other Stockholder Equity	346.8M	369.3M	336.2M	374.8M	431.0M	393.0M
Property Plant Equipment	4.3B	4.8B	5.1B	6.4B	7.4B	5.0B
Total Assets	16.5B	22.2B	26.5B	29.2B	29.1B	19.6B
Other Current Liab	1.2B	1.3B	2.4B	136.5M	125.4M	119.1M
Total Current Liabilities	3.0B	4.3B	4.5B	4.3B	4.1B	3.8B
Total Stockholder Equity	10.6B	17.3B	20.0B	21.6B	22.3B	13.2B
Accounts Payable	1.1B	1.3B	1.3B	1.2B	1.3B	1.2B
Cash	6.9B	11.2B	12.7B	11.7B	8.7B	6.9B
Non Current Assets Total	5.6B	7.5B	9.8B	13.1B	15.8B	8.7B
Non Currrent Assets Other	255.3M	407.0M	525.5M	596.5M	49.9M	47.4M
Long Term Debt	1.4B	66.4M	926.9M	906.7M	1.0B	938.1M
Net Receivables	966.0M	956.4M	1.1B	1.2B	1.5B	1.2B
Non Current Liabilities Total	1.7B	379.4M	1.3B	1.3B	677.8M	1.2B
Inventory	1.3B	1.5B	1.9B	2.0B	2.1B	1.5B
Other Current Assets	68.2M	63.7M	126.8M	35.9M	88.1M	64.0M
Total Liab	4.7B	4.7B	5.8B	5.6B	4.8B	5.4B
Deferred Long Term Liab	26.6M	45.1M	25.5M	27.9M	32.1M	28.9M
Total Current Assets	10.9B	14.7B	16.6B	16.1B	13.4B	10.9B
Non Current Liabilities Other	13.9M	13.0M	25.7M	18.6M	188.3M	178.9M
Intangible Assets	274.1M	348.8M	497.7M	360.6M	365.9M	235.3M
Net Invested Capital	12.1B	18.3B	21.0B	22.5B	22.3B	15.7B
Net Working Capital	7.9B	10.4B	12.2B	11.8B	9.2B	7.9B
Property Plant And Equipment Net	4.8B	5.1B	6.4B	7.4B	8.2B	6.6B
Property Plant And Equipment Gross	17.5B	18.4B	6.4B	22.1B	8.2B	11.8B

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

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China Net Tangible Assets vs Net Receivables Analysis

Net Tangible Assets vs Net Receivables

Net Tangible Assets vs Net Receivables Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Net Receivables

China Resources fundamental ratios Correlations

China Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China Resources fundamental ratios Accounts

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Other Information on Investing in China Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Cash
Inventory	+ 0.98	Total Assets
Intangible Assets	+ 0.98	Accounts Payable
Intangible Assets	+ 0.98	Cash
Intangible Assets	+ 0.98	Total Current Assets

Non Current Liabilities Total	- 0.94	Total Current Liabilities
Non Current Liabilities Other	- 0.91	Deferred Long Term Liab
Non Current Liabilities Other	- 0.86	Total Current Liabilities
Other Assets	- 0.86	Other Liab
Non Current Liabilities Other	- 0.85	Inventory
Inventory	- 0.84	Non Current Liabilities Total