Jiaozuo Retained Earnings vs Intangible Assets Analysis

000612 Stock   7.15  0.01  0.14%   
Jiaozuo Wanfang financial indicator trend analysis is infinitely more than just investigating Jiaozuo Wanfang Aluminum recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiaozuo Wanfang Aluminum is a good investment. Please check the relationship between Jiaozuo Wanfang Retained Earnings and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiaozuo Wanfang Aluminum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Retained Earnings vs Intangible Assets

Retained Earnings vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiaozuo Wanfang Aluminum Retained Earnings account and Intangible Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Jiaozuo Wanfang's Retained Earnings and Intangible Assets is 0.1. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Jiaozuo Wanfang Aluminum, assuming nothing else is changed. The correlation between historical values of Jiaozuo Wanfang's Retained Earnings 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 Retained Earnings of Jiaozuo Wanfang Aluminum 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 Retained Earnings i.e., Jiaozuo Wanfang's Retained Earnings and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.1
Relationship DirectionPositive 
Relationship StrengthInsignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Jiaozuo Wanfang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiaozuo Wanfang Aluminum 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 Jiaozuo Wanfang Aluminum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
The current year's Tax Provision is expected to grow to about 112.2 M, whereas Selling General Administrative is forecasted to decline to about 18.9 M.
 2023 2024 (projected)
Research Development23.6K39.6K
Minority Interest4.5K4.8K

Jiaozuo Wanfang fundamental ratios Correlations

0.040.850.740.750.960.090.38-0.090.80.530.640.380.350.490.450.260.240.310.530.840.650.890.330.430.39
0.040.150.13-0.170.020.52-0.38-0.15-0.150.06-0.2-0.66-0.290.020.360.240.26-0.16-0.070.10.130.17-0.18-0.17-0.48
0.850.150.60.750.860.360.170.030.770.380.640.320.430.320.460.110.090.190.570.740.860.740.240.320.12
0.740.130.60.380.65-0.13-0.09-0.170.40.810.28-0.01-0.190.820.440.750.740.180.50.70.490.830.140.280.08
0.75-0.170.750.380.810.290.61-0.060.890.190.840.670.730.20.11-0.15-0.170.310.340.60.570.510.240.270.51
0.960.020.860.650.810.160.45-0.150.850.320.650.460.440.370.450.110.090.170.480.820.630.830.450.530.44
0.090.520.36-0.130.290.160.09-0.040.29-0.170.4-0.140.4-0.24-0.01-0.16-0.18-0.02-0.080.120.43-0.01-0.09-0.03-0.26
0.38-0.380.17-0.090.610.450.09-0.010.75-0.060.690.630.74-0.02-0.08-0.37-0.370.39-0.110.140.00.010.50.440.69
-0.09-0.150.03-0.17-0.06-0.15-0.04-0.010.010.07-0.140.35-0.09-0.030.04-0.04-0.03-0.010.01-0.22-0.1-0.180.24-0.19-0.28
0.8-0.150.770.40.890.850.290.750.010.270.880.60.730.270.25-0.09-0.110.380.30.570.570.490.490.50.51
0.530.060.380.810.190.32-0.17-0.060.070.270.28-0.1-0.20.810.240.780.770.490.350.420.360.56-0.11-0.01-0.02
0.64-0.20.640.280.840.650.40.69-0.140.880.280.440.850.24-0.11-0.13-0.150.50.250.450.660.330.160.280.47
0.38-0.660.32-0.010.670.46-0.140.630.350.6-0.10.440.57-0.13-0.05-0.42-0.440.240.140.30.080.180.430.330.61
0.35-0.290.43-0.190.730.440.40.74-0.090.73-0.20.850.57-0.26-0.3-0.64-0.650.420.040.270.470.030.180.30.57
0.490.020.320.820.20.37-0.24-0.02-0.030.270.810.24-0.13-0.260.320.830.840.050.460.230.270.440.10.02-0.14
0.450.360.460.440.110.45-0.01-0.080.040.250.24-0.11-0.05-0.30.320.390.38-0.290.410.220.060.440.240.1-0.27
0.260.240.110.75-0.150.11-0.16-0.37-0.04-0.090.78-0.13-0.42-0.640.830.391.0-0.070.280.150.080.41-0.12-0.16-0.38
0.240.260.090.74-0.170.09-0.18-0.37-0.03-0.110.77-0.15-0.44-0.650.840.381.0-0.080.250.130.060.39-0.1-0.15-0.39
0.31-0.160.190.180.310.17-0.020.39-0.010.380.490.50.240.420.05-0.29-0.07-0.08-0.220.370.290.24-0.080.230.53
0.53-0.070.570.50.340.48-0.08-0.110.010.30.350.250.140.040.460.410.280.25-0.220.360.470.47-0.06-0.09-0.15
0.840.10.740.70.60.820.120.14-0.220.570.420.450.30.270.230.220.150.130.370.360.650.930.20.520.47
0.650.130.860.490.570.630.430.0-0.10.570.360.660.080.470.270.060.080.060.290.470.650.60.010.230.08
0.890.170.740.830.510.83-0.010.01-0.180.490.560.330.180.030.440.440.410.390.240.470.930.60.160.370.29
0.33-0.180.240.140.240.45-0.090.50.240.49-0.110.160.430.180.10.24-0.12-0.1-0.08-0.060.20.010.160.780.39
0.43-0.170.320.280.270.53-0.030.44-0.190.5-0.010.280.330.30.020.1-0.16-0.150.23-0.090.520.230.370.780.6
0.39-0.480.120.080.510.44-0.260.69-0.280.51-0.020.470.610.57-0.14-0.27-0.38-0.390.53-0.150.470.080.290.390.6
Click cells to compare fundamentals

Jiaozuo Wanfang Account Relationship Matchups

Jiaozuo Wanfang fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.0B7.1B7.9B7.8B7.9B4.7B
Other Current Liab41.8M323.4M5.1M330.9M142.3M92.2M
Total Current Liabilities2.2B2.3B2.2B1.8B1.9B1.4B
Total Stockholder Equity4.3B4.8B5.1B5.3B5.8B6.1B
Property Plant And Equipment Net2.7B2.5B2.3B2.2B1.9B2.0B
Non Current Assets Total5.8B5.6B5.5B5.7B5.4B3.5B
Non Currrent Assets Other2.9B1.051.6M150.2M2.01.9
Liabilities And Stockholders Equity7.0B7.1B7.9B7.8B7.9B4.7B
Non Current Liabilities Total541.9M27.3M556.1M769.4M219.8M208.8M
Other Current Assets16.2M10.3M163.3M80.0M76.2M52.3M
Total Liab2.7B2.3B2.8B2.5B2.1B2.1B
Total Current Assets1.2B1.5B2.4B2.1B2.5B2.7B
Short Long Term Debt Total1.6B1.3B1.6B1.5B1.6B1.6B
Current Deferred Revenue352.4M67.8M472.6M20.9M24.7M23.5M
Net Debt875.7M520.5M483.1M310.7M4.7M4.5M
Retained Earnings1.1B1.6B1.9B2.0B2.5B2.6B
Accounts Payable661.1M616.5M640.1M700.5M316.8M286.7M
Cash736.3M756.0M1.2B1.2B1.6B1.7B
Cash And Short Term Investments736.3M807.6M1.2B1.3B1.7B1.8B
Net Receivables57.7M63.9M101.4M156.3M255.7M240.8M
Inventory427.2M653.5M965.7M544.9M455.3M435.4M
Other Stockholder Equity2.1B1.6B1.5B1.5B1.5B959.6M
Short Term Debt1.1B1.3B1.1B723.4M1.4B940.7M
Intangible Assets24.3M91.4M90.7M88.5M86.3M124.5M
Other Liab35.7M31.9M27.3M22.7M26.1M33.2M
Other Assets72.6M1.097.9M37.8M1.151.09
Short Term Investments0.0651.6M0.03150.2M150.0M142.5M
Property Plant Equipment2.9B2.7B2.5B2.3B2.6B2.5B
Net Tangible Assets4.2B4.3B4.7B5.0B5.7B5.0B
Short Long Term Debt1.1B766.5M1.1B691.2M350.8M333.3M
Net Invested Capital5.9B5.6B6.7B6.7B6.3B6.8B
Net Working Capital(919.9M)(748.8M)163.0M320.0M650.7M683.2M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Jiaozuo Stock

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