China Total Assets vs Other Assets Analysis
000927 Stock | 2.88 0.06 2.04% |
China Railway financial indicator trend analysis is way more than just evaluating China Railway Materials prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Railway Materials is a good investment. Please check the relationship between China Railway Total Assets and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Railway Materials. 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 Assets vs Other Assets
Total Assets vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Railway Materials Total Assets account and Other Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between China Railway's Total Assets and Other Assets is -0.35. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Assets in the same time period over historical financial statements of China Railway Materials, assuming nothing else is changed. The correlation between historical values of China Railway's Total Assets and Other 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 Assets of China Railway Materials are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Total Assets i.e., China Railway's Total Assets and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.35 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Assets
Total assets refers to the total amount of China Railway 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 China Railway Materials 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.Other Assets
Most indicators from China Railway's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Railway Materials 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 Railway Materials. 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 154.9 M, whereas Selling General Administrative is forecasted to decline to about 277.9 M.
China Railway fundamental ratios Correlations
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China Railway Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Railway fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.9B | 24.3B | 29.7B | 27.7B | 25.0B | 26.2B | |
Short Long Term Debt Total | 1.2B | 2.2B | 3.2B | 2.1B | 9.9B | 10.4B | |
Other Current Liab | 23.4M | 254.8M | 275.1M | 2.9B | 1.8B | 1.9B | |
Total Current Liabilities | 2.4B | 15.8B | 20.0B | 16.9B | 14.0B | 14.7B | |
Total Stockholder Equity | (1.4B) | 6.7B | 7.7B | 8.4B | 8.9B | 9.4B | |
Property Plant And Equipment Net | 271.3M | 1.2B | 1.8B | 1.8B | 2.1B | 1.6B | |
Current Deferred Revenue | 988.9M | 3.4B | 4.2B | 1.4B | 1.0B | 925.3M | |
Net Debt | 1.0B | (4.3B) | (3.8B) | (3.7B) | 4.8B | 5.1B | |
Accounts Payable | 208.8M | 10.3B | 12.6B | 11.0B | 1.5B | 3.0B | |
Cash | 164.6M | 6.5B | 7.0B | 5.8B | 5.1B | 5.3B | |
Non Current Assets Total | 1.1B | 3.7B | 4.5B | 4.6B | 5.0B | 4.2B | |
Non Currrent Assets Other | (733.6M) | 156.6M | 135.4M | 259.1M | 225.0M | 213.8M | |
Cash And Short Term Investments | 164.6M | 6.5B | 7.0B | 5.8B | 5.1B | 5.3B | |
Net Receivables | 16.8M | 11.5B | 15.4B | 15.0B | 11.0B | 11.6B | |
Liabilities And Stockholders Equity | 1.9B | 24.3B | 29.7B | 27.7B | 25.0B | 26.2B | |
Non Current Liabilities Total | 875.3M | 1.0B | 996.6M | 1.3B | 1.0B | 550.8M | |
Inventory | 45.6M | 2.0B | 2.2B | 2.2B | 2.5B | 2.6B | |
Other Current Assets | 578.4M | 603.2M | 650.0M | 129.6M | 1.4B | 1.5B | |
Total Liab | 3.3B | 16.8B | 21.0B | 18.2B | 15.0B | 15.7B | |
Total Current Assets | 805.4M | 20.6B | 25.3B | 23.1B | 20.0B | 21.0B | |
Short Term Debt | 1.2B | 1.9B | 2.9B | 1.5B | 9.6B | 10.1B | |
Intangible Assets | 131.0M | 757.9M | 690.7M | 673.9M | 715.3M | 383.9M | |
Other Stockholder Equity | 551.7M | 0.71 | 459.5M | 1.0 | 0.9 | 0.86 | |
Retained Earnings | (4.9B) | 46.9M | 969.9M | 1.6B | 2.2B | 2.3B | |
Other Liab | 155.2M | 653.7M | 609.5M | 705.7M | 811.6M | 852.1M | |
Long Term Debt | 0.0 | 380M | 260M | 480M | 220M | 315.1M | |
Property Plant Equipment | 1.4B | 1.4B | 1.2B | 1.8B | 1.6B | 1.7B | |
Net Tangible Assets | (83.7M) | 4.5B | 5.9B | 7.0B | 8.1B | 8.5B | |
Deferred Long Term Liab | 2.5M | 20.7M | 12.1M | 79.9M | 91.9M | 96.5M | |
Short Long Term Debt | 1.1B | 1.3B | 2.6B | 1.3B | 1.7B | 1.6B | |
Non Current Liabilities Other | 500.5M | 291.1M | 300.1M | 310.3M | 291.9M | 236.9M | |
Net Invested Capital | (285.5M) | 8.4B | 10.6B | 10.2B | 10.9B | 6.8B | |
Net Working Capital | (1.6B) | 4.8B | 5.3B | 6.2B | 6.0B | 6.3B |
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Balance Sheet is a snapshot of the financial position of China Railway Materials at a specified time, usually calculated after every quarter, six months, or one year. China Railway Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Railway 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.