Beijing Other Current Assets vs Non Current Liabilities Other Analysis

688722 Stock   14.23  0.42  2.87%   
Beijing Tongyizhong financial indicator trend analysis is way more than just evaluating Beijing Tongyizhong New prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Tongyizhong New is a good investment. Please check the relationship between Beijing Tongyizhong Other Current Assets and its Non Current Liabilities Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing Tongyizhong New. 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.

Other Current Assets vs Non Current Liabilities Other

Other Current Assets vs Non Current Liabilities Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Beijing Tongyizhong New Other Current Assets account and Non Current Liabilities Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Beijing Tongyizhong's Other Current Assets and Non Current Liabilities Other is -0.36. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Non Current Liabilities Other in the same time period over historical financial statements of Beijing Tongyizhong New, assuming nothing else is changed. The correlation between historical values of Beijing Tongyizhong's Other Current Assets and Non Current Liabilities Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Beijing Tongyizhong New are associated (or correlated) with its Non Current Liabilities Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Other has no effect on the direction of Other Current Assets i.e., Beijing Tongyizhong's Other Current Assets and Non Current Liabilities Other go up and down completely randomly.

Correlation Coefficient

-0.36
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Non Current Liabilities Other

Most indicators from Beijing Tongyizhong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Tongyizhong New 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 Beijing Tongyizhong New. 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 23.1 M, whereas Tax Provision is forecasted to decline to about 14.6 M.
 2021 2022 2023 2024 (projected)
Interest Expense86.7K347.8K771.2K732.7K
Depreciation And Amortization18.5M16.5M19.0M13.7M

Beijing Tongyizhong fundamental ratios Correlations

-0.550.150.990.94-0.950.780.960.940.960.690.950.940.930.84-0.880.970.380.980.920.980.760.920.90.720.87
-0.550.58-0.62-0.640.5-0.49-0.64-0.32-0.60.05-0.7-0.59-0.55-0.590.61-0.650.4-0.5-0.5-0.66-0.77-0.47-0.58-0.39-0.36
0.150.580.040.1-0.310.410.050.360.160.690.080.120.090.180.16-0.060.970.140.17-0.05-0.190.340.190.430.31
0.99-0.620.040.93-0.920.740.960.920.940.620.950.930.920.82-0.910.990.270.980.910.990.780.890.880.670.85
0.94-0.640.10.93-0.90.820.960.841.00.580.90.950.870.95-0.720.920.320.860.860.930.810.90.90.860.73
-0.950.5-0.31-0.92-0.9-0.89-0.88-0.95-0.92-0.72-0.96-0.85-0.81-0.820.77-0.88-0.5-0.92-0.88-0.89-0.67-0.92-0.87-0.79-0.84
0.78-0.490.410.740.82-0.890.760.750.830.620.870.80.730.85-0.510.660.580.720.680.70.690.920.880.880.78
0.96-0.640.050.960.96-0.880.760.860.970.60.910.970.950.86-0.840.950.30.910.880.950.740.870.850.780.75
0.94-0.320.360.920.84-0.950.750.860.870.760.870.810.810.71-0.810.880.550.950.870.880.550.860.780.680.84
0.96-0.60.160.941.0-0.920.830.970.870.650.910.950.880.95-0.730.920.380.880.890.930.780.920.90.870.75
0.690.050.690.620.58-0.720.620.60.760.650.610.630.620.57-0.480.570.810.670.80.550.30.710.60.620.68
0.95-0.70.080.950.9-0.960.870.910.870.910.610.890.870.83-0.850.920.30.930.880.930.810.920.910.710.87
0.94-0.590.120.930.95-0.850.80.970.810.950.630.890.980.9-0.780.910.370.890.840.930.810.920.910.780.82
0.93-0.550.090.920.87-0.810.730.950.810.880.620.870.980.78-0.850.90.350.910.820.910.740.870.850.670.85
0.84-0.590.180.820.95-0.820.850.860.710.950.570.830.90.78-0.530.790.370.730.770.820.850.910.930.90.69
-0.880.610.16-0.91-0.720.77-0.51-0.84-0.81-0.73-0.48-0.85-0.78-0.85-0.53-0.93-0.07-0.93-0.82-0.91-0.61-0.67-0.66-0.36-0.76
0.97-0.65-0.060.990.92-0.880.660.950.880.920.570.920.910.90.79-0.930.180.960.910.990.780.830.840.610.79
0.380.40.970.270.32-0.50.580.30.550.380.810.30.370.350.37-0.070.180.370.370.190.010.550.40.580.51
0.98-0.50.140.980.86-0.920.720.910.950.880.670.930.890.910.73-0.930.960.370.890.960.70.880.840.590.9
0.92-0.50.170.910.86-0.880.680.880.870.890.80.880.840.820.77-0.820.910.370.890.880.630.790.760.680.73
0.98-0.66-0.050.990.93-0.890.70.950.880.930.550.930.930.910.82-0.910.990.190.960.880.810.860.880.640.82
0.76-0.77-0.190.780.81-0.670.690.740.550.780.30.810.810.740.85-0.610.780.010.70.630.810.810.910.560.72
0.92-0.470.340.890.9-0.920.920.870.860.920.710.920.920.870.91-0.670.830.550.880.790.860.810.980.810.92
0.9-0.580.190.880.9-0.870.880.850.780.90.60.910.910.850.93-0.660.840.40.840.760.880.910.980.760.89
0.72-0.390.430.670.86-0.790.880.780.680.870.620.710.780.670.9-0.360.610.580.590.680.640.560.810.760.53
0.87-0.360.310.850.73-0.840.780.750.840.750.680.870.820.850.69-0.760.790.510.90.730.820.720.920.890.53
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Beijing Tongyizhong Account Relationship Matchups

Beijing Tongyizhong fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets814.5M800.8M1.1B1.5B1.5B1.0B
Other Current Liab77.3M27.1M42.9M151.9M8.7M8.2M
Total Current Liabilities92.6M57.4M69.5M217.0M123.9M131.3M
Total Stockholder Equity717.6M721.0M1.0B1.2B1.2B830.7M
Property Plant And Equipment Net252.3M281.7M285.4M425.4M635.0M332.5M
Net Debt(378.9M)(147.9M)(310.0M)(702.0M)(631.8M)(600.2M)
Retained Earnings72.2M67.3M114.6M268.8M306.9M322.2M
Accounts Payable15.3M30.4M22.9M38.7M45.8M25.1M
Cash378.9M147.9M315.5M728.5M456.4M337.8M
Non Current Assets Total306.3M332.4M337.5M543.5M738.6M407.4M
Non Currrent Assets Other6.5M5.2M8.0M34.8M17.2M15.6M
Cash And Short Term Investments378.9M349.2M615.6M728.5M837.7M879.6M
Common Stock Shares Outstanding80.4M167.4M175.1M224.7M258.4M162.3M
Liabilities And Stockholders Equity814.5M800.8M1.1B1.5B1.7B903.2M
Non Current Liabilities Total4.2M22.4M22.8M30.4M27.2M18.3M
Inventory93.0M98.9M114.8M133.4M198.0M129.3M
Other Current Assets17.9M9.1M2.2M5.5M21.7M16.2M
Other Stockholder Equity477.0M485.2M661.6M681.2M783.4M448.7M
Total Liab96.8M79.9M92.3M247.3M151.2M149.6M
Total Current Assets508.1M468.4M755.7M947.4M714.3M595.1M
Intangible Assets45.1M44.1M43.2M63.6M62.0M50.6M

Currently Active Assets on Macroaxis

Other Information on Investing in Beijing Stock

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