Shanghai Intangible Assets vs Long Term Investments Analysis

900934 Stock   1.51  0.02  1.34%   
Shanghai Jin financial indicator trend analysis is much more than just breaking down Shanghai Jin Jiang prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Jin Jiang is a good investment. Please check the relationship between Shanghai Jin Intangible Assets and its Long Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Jin Jiang. 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.

Intangible Assets vs Long Term Investments

Intangible Assets vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Jin Jiang Intangible Assets account and Long Term Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between Shanghai Jin's Intangible Assets and Long Term Investments is -0.72. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Shanghai Jin Jiang, assuming nothing else is changed. The correlation between historical values of Shanghai Jin's Intangible Assets and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Shanghai Jin Jiang are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Intangible Assets i.e., Shanghai Jin's Intangible Assets and Long Term Investments go up and down completely randomly.

Correlation Coefficient

-0.72
Relationship DirectionNegative 
Relationship StrengthWeak

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Long Term Investments

Long Term Investments is an item on the asset side of Shanghai Jin balance sheet that represents investments Shanghai Jin Jiang intends to hold for over a year. Shanghai Jin Jiang long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Shanghai Jin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Jin Jiang 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 Shanghai Jin Jiang. 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 27, 2024, Selling General Administrative is expected to decline to about 1.9 B. In addition to that, Tax Provision is expected to decline to about 343.3 M
 2021 2022 2023 2024 (projected)
Gross Profit3.9B3.6B6.2B6.2B
Total Revenue11.3B11.0B14.6B13.0B

Shanghai Jin fundamental ratios Correlations

0.330.80.980.52-0.630.620.660.85-0.730.270.940.940.750.8-0.871.00.33-0.740.410.940.250.920.950.690.22
0.330.010.350.78-0.70.530.520.13-0.370.550.330.520.590.68-0.420.290.61-0.310.250.250.20.550.14-0.11-0.51
0.80.010.80.08-0.180.220.220.54-0.34-0.220.680.590.370.43-0.590.82-0.01-0.510.470.640.330.560.820.840.65
0.980.350.80.43-0.560.670.590.76-0.80.150.920.910.730.83-0.930.960.2-0.830.280.90.10.880.960.750.26
0.520.780.080.43-0.950.580.870.55-0.350.90.50.720.80.63-0.450.510.93-0.260.540.560.520.770.31-0.17-0.59
-0.63-0.7-0.18-0.56-0.95-0.75-0.95-0.650.52-0.86-0.56-0.84-0.87-0.750.63-0.62-0.840.48-0.49-0.68-0.41-0.88-0.480.070.59
0.620.530.220.670.58-0.750.740.46-0.820.440.520.810.860.85-0.870.560.34-0.830.020.59-0.140.80.60.16-0.39
0.660.520.220.590.87-0.950.740.76-0.560.830.590.840.830.67-0.640.660.75-0.530.410.760.360.860.580.04-0.53
0.850.130.540.760.55-0.650.460.76-0.60.520.850.820.60.56-0.650.870.43-0.510.40.970.30.810.820.480.0
-0.73-0.37-0.34-0.8-0.350.52-0.82-0.56-0.6-0.21-0.71-0.78-0.67-0.860.92-0.68-0.040.920.23-0.750.41-0.74-0.77-0.520.08
0.270.55-0.220.150.9-0.860.440.830.52-0.210.290.510.60.39-0.220.280.9-0.060.420.440.450.570.1-0.42-0.77
0.940.330.680.920.5-0.560.520.590.85-0.710.290.850.640.74-0.790.930.29-0.620.310.930.190.840.870.670.21
0.940.520.590.910.72-0.840.810.840.82-0.780.510.850.90.9-0.910.920.52-0.780.40.910.241.00.860.43-0.12
0.750.590.370.730.8-0.870.860.830.6-0.670.60.640.90.85-0.80.720.66-0.670.340.70.230.920.630.15-0.3
0.80.680.430.830.63-0.750.850.670.56-0.860.390.740.90.85-0.920.750.38-0.840.130.73-0.050.890.710.37-0.18
-0.87-0.42-0.59-0.93-0.450.63-0.87-0.64-0.650.92-0.22-0.79-0.91-0.8-0.92-0.83-0.170.95-0.09-0.810.12-0.88-0.88-0.57-0.01
1.00.290.820.960.51-0.620.560.660.87-0.680.280.930.920.720.75-0.830.35-0.690.460.950.30.90.940.690.24
0.330.61-0.010.20.93-0.840.340.750.43-0.040.90.290.520.660.38-0.170.350.030.670.380.710.60.09-0.37-0.58
-0.74-0.31-0.51-0.83-0.260.48-0.83-0.53-0.510.92-0.06-0.62-0.78-0.67-0.840.95-0.690.030.15-0.690.35-0.72-0.82-0.6-0.02
0.410.250.470.280.54-0.490.020.410.40.230.420.310.40.340.13-0.090.460.670.150.340.950.450.23-0.020.01
0.940.250.640.90.56-0.680.590.760.97-0.750.440.930.910.70.73-0.810.950.38-0.690.340.210.90.920.590.06
0.250.20.330.10.52-0.41-0.140.360.30.410.450.190.240.23-0.050.120.30.710.350.950.210.30.06-0.14-0.04
0.920.550.560.880.77-0.880.80.860.81-0.740.570.841.00.920.89-0.880.90.6-0.720.450.90.30.810.37-0.17
0.950.140.820.960.31-0.480.60.580.82-0.770.10.870.860.630.71-0.880.940.09-0.820.230.920.060.810.80.3
0.69-0.110.840.75-0.170.070.160.040.48-0.52-0.420.670.430.150.37-0.570.69-0.37-0.6-0.020.59-0.140.370.80.72
0.22-0.510.650.26-0.590.59-0.39-0.530.00.08-0.770.21-0.12-0.3-0.18-0.010.24-0.58-0.020.010.06-0.04-0.170.30.72
Click cells to compare fundamentals

Shanghai Jin Account Relationship Matchups

Shanghai Jin fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets38.9B38.6B48.3B47.4B50.6B46.3B
Other Current Liab3.1B3.2B2.8B2.9B4.9M4.7M
Total Current Liabilities7.6B7.8B12.3B11.8B12.7B10.6B
Total Stockholder Equity13.3B12.7B16.6B16.6B16.7B15.0B
Other Liab2.6B2.4B2.1B2.1B1.9B1.9B
Net Tangible Assets(5.4B)(6.0B)(971.0M)(1.4B)(1.6B)(1.7B)
Retained Earnings4.4B3.9B3.0B3.0B3.1B3.4B
Accounts Payable1.6B1.4B758.8M870.8M1.4B1.0B
Cash5.9B6.8B6.4B6.9B10.3B8.1B
Other Assets3.0B3.0B3.0B3.0B2.7B3.2B
Long Term Debt14.4B14.5B8.0B8.1B9.9B10.2B
Net Receivables1.2B1.1B1.5B1.9B1.7B1.5B
Good Will11.4B11.5B11.0B11.1B11.8B11.6B
Inventory93.6M72.8M76.8M67.8M66.5M81.4M
Other Current Assets724.7M812.8M775.1M869.5M421.1M665.2M
Other Stockholder Equity24.6M(10.3M)(8.4M)(31.3M)(28.1M)(26.7M)
Total Liab24.5B24.9B30.9B30.3B33.2B30.3B
Deferred Long Term Liab2.3B2.0B1.6B1.5B1.3B1.7B
Short Long Term Debt18.6M1.0B869.0M148.8M360.7M673.4M
Total Current Assets8.5B9.4B9.9B10.5B13.6B10.9B
Intangible Assets7.3B7.2B6.7B6.9B7.0B7.3B
Property Plant Equipment6.9B6.3B13.9B13.5B15.5B9.6B
Non Current Assets Total30.4B29.2B38.7B37.0B37.0B36.9B
Non Currrent Assets Other101.4M122.0M3.2B1.5B365.2M346.9M
Non Current Liabilities Total16.9B17.1B18.7B18.5B20.6B20.6B
Non Current Liabilities Other202.1M228.4M213.5M208.1M421.4M265.8M
Net Debt8.2B8.8B2.4B1.3B1.2B1.1B
Net Invested Capital27.4B28.3B25.5B24.8B26.9B22.2B
Net Working Capital882.3M1.6B(2.7B)(1.3B)879.0M755.2M
Short Term Investments251.6M254.2M244.1M241.9M263.0M202.3M

Currently Active Assets on Macroaxis

Other Information on Investing in Shanghai Stock

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