Xinjiang Common Stock vs Total Assets Analysis

002092 Stock

4.62 0.01 0.22%

Xinjiang Zhongtai financial indicator trend analysis is more than just analyzing Xinjiang Zhongtai current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinjiang Zhongtai is a good investment. Please check the relationship between Xinjiang Zhongtai Common Stock and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinjiang Zhongtai Chemical. 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.

Common Stock vs Total Assets

Common Stock vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xinjiang Zhongtai Common Stock account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Xinjiang Zhongtai's Common Stock and Total Assets is 0.96. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Assets in the same time period over historical financial statements of Xinjiang Zhongtai Chemical, assuming nothing else is changed. The correlation between historical values of Xinjiang Zhongtai's Common Stock and Total 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 Common Stock of Xinjiang Zhongtai Chemical are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Common Stock i.e., Xinjiang Zhongtai's Common Stock and Total Assets go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

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Common Stock

Total Assets

Total assets refers to the total amount of Xinjiang Zhongtai 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 Xinjiang Zhongtai 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.

Most indicators from Xinjiang Zhongtai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinjiang Zhongtai 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 Xinjiang Zhongtai Chemical. 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 11, 2024, Selling General Administrative is expected to decline to about 1.8 B. The current year's Tax Provision is expected to grow to about (33.6 M)

	2021	2022	2023	2024 (projected)
Gross Profit	8.7B	6.9B	3.5B	6.7B
Research Development	76.7M	444.0M	261.4M	274.4M

Gross Profit Research Development

Xinjiang Zhongtai fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.77	0.98	0.9	0.62	0.86	0.85	0.84	0.51	0.4	0.44	-0.64	0.95	0.29	0.89	0.91	0.96	0.97	0.3	0.9	-0.84	0.76	0.79	0.62	0.88	0.89
Other Current Liab	0.77		0.74	0.73	0.56	0.77	0.59	0.63	0.28	0.04	0.45	-0.53	0.63	0.12	0.64	0.86	0.71	0.75	0.17	0.79	-0.74	0.8	0.68	0.35	0.75	0.69
Total Current Liabilities	0.98	0.74		0.89	0.48	0.9	0.89	0.87	0.5	0.33	0.49	-0.73	0.94	0.38	0.91	0.88	0.9	0.93	0.33	0.9	-0.87	0.68	0.83	0.72	0.93	0.94
Total Stockholder Equity	0.9	0.73	0.89		0.47	0.95	0.9	0.91	0.52	0.45	0.6	-0.6	0.84	0.43	0.97	0.83	0.83	0.81	0.49	0.9	-0.73	0.58	0.82	0.66	0.84	0.9
Other Liab	0.62	0.56	0.48	0.47		0.3	0.25	0.37	0.51	0.18	0.11	-0.21	0.56	-0.28	0.41	0.69	0.68	0.65	0.02	0.56	-0.28	0.75	0.2	-0.03	0.32	0.34
Retained Earnings	0.86	0.77	0.9	0.95	0.3		0.91	0.92	0.37	0.26	0.63	-0.68	0.81	0.48	0.92	0.81	0.74	0.76	0.53	0.87	-0.83	0.56	0.88	0.71	0.92	0.92
Accounts Payable	0.85	0.59	0.89	0.9	0.25	0.91		0.92	0.3	0.47	0.41	-0.56	0.79	0.45	0.95	0.71	0.71	0.78	0.55	0.78	-0.79	0.46	0.84	0.63	0.81	0.86
Cash	0.84	0.63	0.87	0.91	0.37	0.92	0.92		0.45	0.27	0.41	-0.61	0.8	0.3	0.9	0.73	0.71	0.72	0.67	0.82	-0.72	0.55	0.77	0.6	0.86	0.85
Other Assets	0.51	0.28	0.5	0.52	0.51	0.37	0.3	0.45		0.28	0.51	-0.57	0.54	0.23	0.48	0.46	0.56	0.41	0.18	0.5	-0.08	0.27	0.1	0.58	0.49	0.52
Long Term Debt	0.4	0.04	0.33	0.45	0.18	0.26	0.47	0.27	0.28		0.3	0.13	0.33	0.44	0.56	0.24	0.43	0.42	0.16	0.18	-0.09	-0.08	0.17	0.3	0.14	0.26
Net Receivables	0.44	0.45	0.49	0.6	0.11	0.63	0.41	0.41	0.51	0.3		-0.45	0.44	0.78	0.57	0.54	0.38	0.31	0.33	0.41	-0.27	0.02	0.34	0.77	0.6	0.53
Short Term Investments	-0.64	-0.53	-0.73	-0.6	-0.21	-0.68	-0.56	-0.61	-0.57	0.13	-0.45		-0.68	-0.26	-0.58	-0.6	-0.56	-0.53	-0.24	-0.76	0.66	-0.5	-0.64	-0.72	-0.78	-0.82
Inventory	0.95	0.63	0.94	0.84	0.56	0.81	0.79	0.8	0.54	0.33	0.44	-0.68		0.29	0.84	0.87	0.92	0.92	0.26	0.89	-0.8	0.72	0.76	0.65	0.85	0.89
Other Current Assets	0.29	0.12	0.38	0.43	-0.28	0.48	0.45	0.3	0.23	0.44	0.78	-0.26	0.29		0.49	0.25	0.22	0.2	0.24	0.17	-0.26	-0.29	0.33	0.77	0.44	0.43
Total Liab	0.89	0.64	0.91	0.97	0.41	0.92	0.95	0.9	0.48	0.56	0.57	-0.58	0.84	0.49		0.8	0.8	0.82	0.48	0.84	-0.72	0.49	0.81	0.69	0.81	0.89
Intangible Assets	0.91	0.86	0.88	0.83	0.69	0.81	0.71	0.73	0.46	0.24	0.54	-0.6	0.87	0.25	0.8		0.86	0.89	0.21	0.85	-0.75	0.77	0.7	0.51	0.8	0.79
Common Stock	0.96	0.71	0.9	0.83	0.68	0.74	0.71	0.71	0.56	0.43	0.38	-0.56	0.92	0.22	0.8	0.86		0.96	0.11	0.87	-0.76	0.77	0.69	0.55	0.77	0.83
Property Plant Equipment	0.97	0.75	0.93	0.81	0.65	0.76	0.78	0.72	0.41	0.42	0.31	-0.53	0.92	0.2	0.82	0.89	0.96		0.1	0.86	-0.83	0.8	0.76	0.49	0.77	0.82
Good Will	0.3	0.17	0.33	0.49	0.02	0.53	0.55	0.67	0.18	0.16	0.33	-0.24	0.26	0.24	0.48	0.21	0.11	0.1		0.24	-0.18	0.0	0.25	0.31	0.48	0.29
Net Tangible Assets	0.9	0.79	0.9	0.9	0.56	0.87	0.78	0.82	0.5	0.18	0.41	-0.76	0.89	0.17	0.84	0.85	0.87	0.86	0.24		-0.84	0.81	0.87	0.56	0.82	0.94
Other Stockholder Equity	-0.84	-0.74	-0.87	-0.73	-0.28	-0.83	-0.79	-0.72	-0.08	-0.09	-0.27	0.66	-0.8	-0.26	-0.72	-0.75	-0.76	-0.83	-0.18	-0.84		-0.72	-0.94	-0.53	-0.82	-0.85
Deferred Long Term Liab	0.76	0.8	0.68	0.58	0.75	0.56	0.46	0.55	0.27	-0.08	0.02	-0.5	0.72	-0.29	0.49	0.77	0.77	0.8	0.0	0.81	-0.72		0.62	0.11	0.6	0.61
Long Term Investments	0.79	0.68	0.83	0.82	0.2	0.88	0.84	0.77	0.1	0.17	0.34	-0.64	0.76	0.33	0.81	0.7	0.69	0.76	0.25	0.87	-0.94	0.62		0.55	0.76	0.89
Short Long Term Debt	0.62	0.35	0.72	0.66	-0.03	0.71	0.63	0.6	0.58	0.3	0.77	-0.72	0.65	0.77	0.69	0.51	0.55	0.49	0.31	0.56	-0.53	0.11	0.55		0.79	0.78
Total Current Assets	0.88	0.75	0.93	0.84	0.32	0.92	0.81	0.86	0.49	0.14	0.6	-0.78	0.85	0.44	0.81	0.8	0.77	0.77	0.48	0.82	-0.82	0.6	0.76	0.79		0.89
Short Term Debt	0.89	0.69	0.94	0.9	0.34	0.92	0.86	0.85	0.52	0.26	0.53	-0.82	0.89	0.43	0.89	0.79	0.83	0.82	0.29	0.94	-0.85	0.61	0.89	0.78	0.89

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Xinjiang Zhongtai Account Relationship Matchups

Xinjiang Zhongtai fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	60.1B	63.9B	73.1B	80.5B	72.5B	76.2B
Other Current Liab	2.6B	6.6B	14.3B	6.9B	6.6B	6.9B
Total Current Liabilities	28.2B	32.3B	31.0B	33.7B	29.5B	31.0B
Total Stockholder Equity	18.9B	18.9B	25.2B	25.8B	22.7B	11.7B
Other Liab	393.6M	379.6M	667.9M	3.2B	3.7B	3.9B
Retained Earnings	7.2B	7.4B	10.1B	9.4B	6.3B	3.5B
Accounts Payable	10.6B	11.6B	8.4B	12.4B	8.5B	4.8B
Cash	4.5B	5.2B	4.8B	8.1B	4.2B	2.5B
Other Assets	905.3M	1.0B	919.0M	1.6B	1.9B	2.0B
Long Term Debt	9.4B	8.9B	6.7B	7.9B	9.0B	6.0B
Net Receivables	6.6B	3.0B	12.3B	2.4B	1.1B	1.1B
Inventory	3.1B	1.9B	2.7B	3.5B	3.3B	3.5B
Other Current Assets	4.7B	3.5B	3.5B	590.1M	545.1M	517.8M
Total Liab	38.4B	42.6B	41.8B	47.5B	43.1B	22.0B
Intangible Assets	749.2M	743.8M	1.6B	1.0B	1.1B	1.1B
Property Plant Equipment	33.9B	38.0B	40.0B	43.8B	50.3B	52.8B
Net Tangible Assets	18.2B	18.3B	18.1B	23.7B	27.2B	19.0B
Other Stockholder Equity	59.4M	54.5M	(7.7M)	(5.6M)	(5.0M)	(4.8M)
Deferred Long Term Liab	89.3M	92.6M	155.4M	384.2M	441.8M	463.9M
Short Long Term Debt	9.1B	8.7B	7.4B	5.5B	4.8B	6.0B
Total Current Assets	18.9B	20.9B	23.4B	23.7B	14.7B	20.2B
Non Current Assets Total	41.0B	43.2B	49.7B	56.8B	57.8B	48.8B
Non Currrent Assets Other	296.7M	149.7M	594.2M	1.2B	1.8B	1.9B
Non Current Liabilities Total	10.9B	10.8B	10.8B	13.8B	13.6B	13.1B
Non Current Liabilities Other	1.2M	925.6K	17.8M	18.6M	21.4M	22.5M
Net Debt	14.0B	12.4B	9.3B	5.3B	9.5B	9.3B
Net Invested Capital	37.4B	36.4B	39.3B	39.3B	36.4B	30.3B
Net Working Capital	(8.5B)	(11.1B)	(7.6B)	(10.0B)	(14.8B)	(14.1B)

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Other Information on Investing in Xinjiang Stock

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

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Xinjiang Common Stock vs Total Assets Analysis

Common Stock vs Total Assets

Common Stock vs Total Assets Correlation Analysis

Correlation Coefficient

Common Stock

Total Assets

Xinjiang Zhongtai fundamental ratios Correlations

Xinjiang Zhongtai Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Xinjiang Zhongtai fundamental ratios Accounts

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Other Information on Investing in Xinjiang Stock

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Total Current Liabilities	+ 0.98	Total Assets
Property Plant Equipment	+ 0.97	Total Assets
Total Liab	+ 0.97	Total Stockholder Equity
Common Stock	+ 0.96	Total Assets
Property Plant Equipment	+ 0.96	Common Stock
Inventory	+ 0.95	Total Assets

Long Term Investments	- 0.94	Other Stockholder Equity
Other Stockholder Equity	- 0.87	Total Current Liabilities
Short Term Debt	- 0.85	Other Stockholder Equity
Other Stockholder Equity	- 0.84	Net Tangible Assets
Other Stockholder Equity	- 0.84	Total Assets
Other Stockholder Equity	- 0.83	Property Plant Equipment