Zhejiang Short Term Investments vs Net Tangible Assets Analysis

002761 Stock

9.30 0.02 0.22%

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

Short Term Investments vs Net Tangible Assets

Short Term Investments vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Construction Short Term Investments account and Net Tangible Assets. At this time, the significance of the direction appears to have pay attention.

The correlation between Zhejiang Construction's Short Term Investments and Net Tangible Assets is -0.9. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Zhejiang Construction Investment, assuming nothing else is changed. The correlation between historical values of Zhejiang Construction's Short Term Investments and Net Tangible 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 Short Term Investments of Zhejiang Construction Investment are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Short Term Investments i.e., Zhejiang Construction's Short Term Investments and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.9

Relationship Direction	Negative
Relationship Strength	Significant

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Short Term Investments

Short Term Investments is an item under the current assets section of Zhejiang Construction balance sheet. It contains any investments Zhejiang Construction Investment undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Zhejiang Construction can easily liquidate in the marketplace.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Zhejiang Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Construction 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 Zhejiang Construction Investment. 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 283.9 M, whereas Tax Provision is forecasted to decline to about 238.9 M.

	2022	2023	2024	2025 (projected)
Operating Income	2.5B	1.5B	1.7B	1.1B
Total Revenue	98.5B	92.6B	106.5B	111.8B

Operating Income Total Revenue

Zhejiang Construction fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments
Total Assets		0.34	0.83	0.99	-0.56	0.69	0.85	0.91	0.85	0.79	0.88	0.59	0.65	-0.54	0.79	0.85	1.0	0.26	-0.08	0.69	0.83	-0.05	0.66	0.7	0.76	-0.67
Other Current Liab	0.34		0.33	0.38	-0.14	0.13	0.39	0.25	0.34	0.27	0.35	0.52	0.37	-0.11	0.52	0.1	0.34	-0.13	0.04	0.23	0.34	0.25	0.7	0.09	0.18	-0.18
Total Current Liabilities	0.83	0.33		0.84	-0.61	0.82	0.96	0.89	0.77	0.92	0.87	0.74	0.65	-0.51	0.93	0.79	0.83	0.37	-0.04	0.89	1.0	-0.06	0.63	0.75	0.9	-0.78
Total Stockholder Equity	0.99	0.38	0.84		-0.57	0.74	0.89	0.93	0.81	0.82	0.87	0.6	0.61	-0.61	0.84	0.88	0.99	0.28	-0.03	0.69	0.84	-0.14	0.71	0.71	0.78	-0.69
Other Liab	-0.56	-0.14	-0.61	-0.57		-0.79	-0.57	-0.6	-0.45	-0.82	-0.71	-0.75	-0.37	0.7	-0.62	-0.68	-0.55	-0.8	0.07	-0.79	-0.59	0.43	-0.26	-0.92	-0.83	0.92
Net Tangible Assets	0.69	0.13	0.82	0.74	-0.79		0.85	0.76	0.54	0.95	0.77	0.66	0.25	-0.84	0.82	0.87	0.68	0.66	0.18	0.86	0.79	-0.48	0.51	0.89	0.96	-0.9
Retained Earnings	0.85	0.39	0.96	0.89	-0.57	0.85		0.85	0.77	0.92	0.89	0.69	0.56	-0.64	0.96	0.8	0.85	0.29	0.13	0.8	0.95	-0.2	0.73	0.73	0.88	-0.73
Accounts Payable	0.91	0.25	0.89	0.93	-0.6	0.76	0.85		0.64	0.82	0.75	0.62	0.59	-0.53	0.83	0.93	0.91	0.41	-0.23	0.78	0.88	-0.12	0.57	0.72	0.83	-0.78
Cash	0.85	0.34	0.77	0.81	-0.45	0.54	0.77	0.64		0.72	0.93	0.53	0.67	-0.35	0.68	0.55	0.85	0.14	0.15	0.62	0.77	0.11	0.62	0.64	0.63	-0.49
Other Assets	0.79	0.27	0.92	0.82	-0.82	0.95	0.92	0.82	0.72		0.91	0.77	0.49	-0.74	0.9	0.85	0.79	0.59	0.09	0.92	0.9	-0.3	0.6	0.92	0.98	-0.91
Long Term Debt	0.88	0.35	0.87	0.87	-0.71	0.77	0.89	0.75	0.93	0.91		0.72	0.65	-0.59	0.83	0.71	0.88	0.36	0.14	0.79	0.87	-0.14	0.63	0.83	0.83	-0.73
Net Receivables	0.59	0.52	0.74	0.6	-0.75	0.66	0.69	0.62	0.53	0.77	0.72		0.49	-0.42	0.79	0.51	0.59	0.44	-0.03	0.84	0.73	-0.07	0.37	0.66	0.72	-0.75
Good Will	0.65	0.37	0.65	0.61	-0.37	0.25	0.56	0.59	0.67	0.49	0.65	0.49		-0.18	0.62	0.37	0.65	-0.07	-0.53	0.4	0.66	0.37	0.44	0.37	0.48	-0.32
Inventory	-0.54	-0.11	-0.51	-0.61	0.7	-0.84	-0.64	-0.53	-0.35	-0.74	-0.59	-0.42	-0.18		-0.65	-0.73	-0.54	-0.5	-0.11	-0.5	-0.48	0.55	-0.45	-0.72	-0.76	0.69
Other Current Assets	0.79	0.52	0.93	0.84	-0.62	0.82	0.96	0.83	0.68	0.9	0.83	0.79	0.62	-0.65		0.74	0.79	0.29	-0.01	0.79	0.93	-0.13	0.7	0.68	0.87	-0.74
Other Stockholder Equity	0.85	0.1	0.79	0.88	-0.68	0.87	0.8	0.93	0.55	0.85	0.71	0.51	0.37	-0.73	0.74		0.84	0.57	-0.09	0.76	0.77	-0.36	0.56	0.82	0.88	-0.85
Total Liab	1.0	0.34	0.83	0.99	-0.55	0.68	0.85	0.91	0.85	0.79	0.88	0.59	0.65	-0.54	0.79	0.84		0.26	-0.08	0.69	0.83	-0.05	0.66	0.7	0.75	-0.66
Deferred Long Term Liab	0.26	-0.13	0.37	0.28	-0.8	0.66	0.29	0.41	0.14	0.59	0.36	0.44	-0.07	-0.5	0.29	0.57	0.26		0.02	0.68	0.34	-0.46	-0.01	0.8	0.64	-0.82
Long Term Investments	-0.08	0.04	-0.04	-0.03	0.07	0.18	0.13	-0.23	0.15	0.09	0.14	-0.03	-0.53	-0.11	-0.01	-0.09	-0.08	0.02		0.04	-0.04	-0.47	0.13	0.07	-0.04	0.02
Short Long Term Debt	0.69	0.23	0.89	0.69	-0.79	0.86	0.8	0.78	0.62	0.92	0.79	0.84	0.4	-0.5	0.79	0.76	0.69	0.68	0.04		0.87	-0.16	0.42	0.87	0.91	-0.92
Total Current Assets	0.83	0.34	1.0	0.84	-0.59	0.79	0.95	0.88	0.77	0.9	0.87	0.73	0.66	-0.48	0.93	0.77	0.83	0.34	-0.04	0.87		-0.04	0.62	0.73	0.88	-0.76
Short Term Debt	-0.05	0.25	-0.06	-0.14	0.43	-0.48	-0.2	-0.12	0.11	-0.3	-0.14	-0.07	0.37	0.55	-0.13	-0.36	-0.05	-0.46	-0.47	-0.16	-0.04		0.01	-0.41	-0.3	0.39
Intangible Assets	0.66	0.7	0.63	0.71	-0.26	0.51	0.73	0.57	0.62	0.6	0.63	0.37	0.44	-0.45	0.7	0.56	0.66	-0.01	0.13	0.42	0.62	0.01		0.42	0.55	-0.41
Common Stock	0.7	0.09	0.75	0.71	-0.92	0.89	0.73	0.72	0.64	0.92	0.83	0.66	0.37	-0.72	0.68	0.82	0.7	0.8	0.07	0.87	0.73	-0.41	0.42		0.92	-0.94
Property Plant Equipment	0.76	0.18	0.9	0.78	-0.83	0.96	0.88	0.83	0.63	0.98	0.83	0.72	0.48	-0.76	0.87	0.88	0.75	0.64	-0.04	0.91	0.88	-0.3	0.55	0.92		-0.93
Short Term Investments	-0.67	-0.18	-0.78	-0.69	0.92	-0.9	-0.73	-0.78	-0.49	-0.91	-0.73	-0.75	-0.32	0.69	-0.74	-0.85	-0.66	-0.82	0.02	-0.92	-0.76	0.39	-0.41	-0.94	-0.93

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Zhejiang Construction Account Relationship Matchups

Zhejiang Construction fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	86.8B	99.2B	111.1B	121.7B	139.9B	146.9B
Other Current Liab	12.4B	16.6B	20.9B	5.1B	5.9B	11.0B
Total Current Liabilities	68.2B	79.2B	90.8B	99.1B	113.9B	61.5B
Total Stockholder Equity	5.8B	6.7B	8.3B	7.8B	9.0B	9.4B
Other Liab	250.1M	266.6M	227.9M	482.3M	434.1M	400.6M
Net Tangible Assets	3.7B	5.0B	5.8B	5.9B	6.7B	4.1B
Retained Earnings	2.8B	3.7B	4.4B	4.2B	4.8B	2.4B
Accounts Payable	36.9B	44.5B	61.5B	68.7B	79.0B	83.0B
Cash	9.0B	7.5B	7.6B	9.2B	10.5B	5.8B
Other Assets	15.6B	18.8B	21.0B	21.3B	24.5B	12.4B
Long Term Debt	10.9B	11.3B	9.5B	10.9B	12.5B	6.3B
Net Receivables	27.6B	60.1B	29.2B	26.2B	30.1B	27.3B
Good Will	196.1M	182.8M	176.7M	190.5M	219.1M	176.4M
Inventory	1.3B	1.3B	1.1B	4.2B	3.8B	6.5B
Other Current Assets	3.7B	5.2B	5.3B	4.4B	5.0B	3.0B
Other Stockholder Equity	794.9M	992.3M	993.2M	1.9B	2.2B	2.3B
Total Liab	79.4B	90.8B	100.9B	111.5B	128.2B	134.6B
Deferred Long Term Liab	70.8M	74.7M	59.7M	57.0M	65.6M	67.6M
Short Long Term Debt	5.7B	8.1B	6.0B	7.6B	8.7B	5.0B
Total Current Assets	64.1B	74.1B	82.8B	92.5B	106.4B	58.6B
Intangible Assets	658.1M	724.5M	2.3B	779.4M	896.3M	674.6M
Property Plant Equipment	2.4B	2.7B	2.9B	3.1B	3.6B	2.4B
Non Current Assets Total	22.7B	25.1B	28.3B	29.2B	33.5B	17.3B
Non Currrent Assets Other	8.3B	7.3B	6.9B	7.3B	8.3B	8.8B
Non Current Liabilities Total	11.2B	11.6B	10.1B	12.4B	14.3B	7.7B
Net Invested Capital	22.4B	26.0B	23.8B	26.3B	30.2B	19.2B
Net Working Capital	(4.1B)	(5.1B)	(8.0B)	(6.6B)	(5.9B)	(5.6B)
Net Debt	7.6B	11.8B	7.8B	9.3B	10.7B	9.1B
Non Current Liabilities Other	10.8M	44.9M	29.2M	6.2M	7.1M	6.8M
Property Plant And Equipment Net	2.7B	2.9B	3.1B	5.1B	5.9B	3.6B
Property Plant And Equipment Gross	4.0B	4.4B	4.6B	6.8B	7.8B	5.1B

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

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Zhejiang Short Term Investments vs Net Tangible Assets Analysis

Short Term Investments vs Net Tangible Assets

Short Term Investments vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Short Term Investments

Net Tangible Assets

Zhejiang Construction fundamental ratios Correlations

Zhejiang Construction Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Construction fundamental ratios Accounts

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Other Information on Investing in Zhejiang Stock

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Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Stockholder Equity
Property Plant Equipment	+ 0.98	Other Assets
Retained Earnings	+ 0.96	Total Current Liabilities

Short Term Investments	- 0.94	Common Stock
Short Term Investments	- 0.93	Property Plant Equipment
Short Term Investments	- 0.92	Short Long Term Debt
Common Stock	- 0.92	Other Liab
Short Term Investments	- 0.91	Other Assets
Short Term Investments	- 0.9	Net Tangible Assets