Guangzhou Other Current Liab vs Other Current Assets Analysis

002909 Stock   5.33  0.14  2.56%   
Guangzhou Jointas financial indicator trend analysis is much more than just examining Guangzhou Jointas latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangzhou Jointas is a good investment. Please check the relationship between Guangzhou Jointas Other Current Liab and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangzhou Jointas 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 board of governors.

Other Current Liab vs Other Current Assets

Other Current Liab vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangzhou Jointas Other Current Liab account and Other Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Guangzhou Jointas' Other Current Liab and Other Current Assets is 0.29. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Guangzhou Jointas Chemical, assuming nothing else is changed. The correlation between historical values of Guangzhou Jointas' Other Current Liab and Other Current 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 Other Current Liab of Guangzhou Jointas Chemical are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Other Current Liab i.e., Guangzhou Jointas' Other Current Liab and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.29
Relationship DirectionPositive 
Relationship StrengthVery Weak

Other Current Liab

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Guangzhou Jointas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangzhou Jointas 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 Guangzhou Jointas 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 board of governors.
As of March 1, 2025, Selling General Administrative is expected to decline to about 18 M. In addition to that, Tax Provision is expected to decline to about 773 K
 2022 2023 2024 2025 (projected)
Interest Expense24.8M29.2M33.5M35.2M
Depreciation And Amortization48.6M64.4M74.1M77.8M

Guangzhou Jointas fundamental ratios Correlations

0.920.670.990.910.950.00.660.890.850.640.970.370.640.90.90.90.90.310.790.990.880.940.90.990.86
0.920.550.930.740.98-0.260.890.710.630.320.990.160.320.780.80.960.750.140.570.950.650.990.970.940.96
0.670.550.720.680.56-0.020.360.680.620.420.60.010.420.810.710.380.720.290.450.680.710.620.70.720.51
0.990.930.720.890.94-0.020.680.870.830.60.970.310.60.910.90.880.890.280.741.00.860.950.931.00.87
0.910.740.680.890.790.140.410.990.950.750.830.470.750.960.930.730.980.40.910.880.970.780.730.890.69
0.950.980.560.940.79-0.250.840.760.70.390.990.160.390.80.860.960.80.230.640.960.70.980.950.950.95
0.0-0.26-0.02-0.020.14-0.25-0.560.210.240.61-0.190.440.610.13-0.02-0.140.060.030.25-0.040.33-0.24-0.31-0.06-0.38
0.660.890.360.680.410.84-0.560.360.24-0.150.81-0.17-0.150.50.540.820.43-0.030.190.710.260.870.880.70.91
0.890.710.680.870.990.760.210.360.930.780.80.480.780.950.910.710.950.370.890.860.970.740.690.870.65
0.850.630.620.830.950.70.240.240.930.860.730.540.860.890.890.640.950.380.920.820.960.660.60.820.55
0.640.320.420.60.750.390.61-0.150.780.860.450.71.00.650.610.380.710.360.840.580.870.360.270.580.2
0.970.990.60.970.830.99-0.190.810.80.730.450.260.450.840.860.950.830.210.670.980.750.990.960.980.95
0.370.160.010.310.470.160.44-0.170.480.540.70.260.70.310.250.220.360.050.610.310.50.180.040.30.13
0.640.320.420.60.750.390.61-0.150.780.861.00.450.70.650.610.380.710.360.840.580.870.360.270.580.2
0.90.780.810.910.960.80.130.50.950.890.650.840.310.650.940.730.950.30.780.90.940.820.810.910.71
0.90.80.710.90.930.86-0.020.540.910.890.610.860.250.610.940.790.940.240.760.90.880.820.810.910.76
0.90.960.380.880.730.96-0.140.820.710.640.380.950.220.380.730.790.70.080.580.910.640.940.880.890.91
0.90.750.720.890.980.80.060.430.950.950.710.830.360.710.950.940.70.460.90.880.950.780.750.890.69
0.310.140.290.280.40.230.03-0.030.370.380.360.210.050.360.30.240.080.460.590.250.410.170.180.260.17
0.790.570.450.740.910.640.250.190.890.920.840.670.610.840.780.760.580.90.590.730.910.60.510.730.51
0.990.950.681.00.880.96-0.040.710.860.820.580.980.310.580.90.90.910.880.250.730.840.960.941.00.89
0.880.650.710.860.970.70.330.260.970.960.870.750.50.870.940.880.640.950.410.910.840.690.640.850.56
0.940.990.620.950.780.98-0.240.870.740.660.360.990.180.360.820.820.940.780.170.60.960.690.980.960.96
0.90.970.70.930.730.95-0.310.880.690.60.270.960.040.270.810.810.880.750.180.510.940.640.980.940.95
0.990.940.721.00.890.95-0.060.70.870.820.580.980.30.580.910.910.890.890.260.731.00.850.960.940.88
0.860.960.510.870.690.95-0.380.910.650.550.20.950.130.20.710.760.910.690.170.510.890.560.960.950.88
Click cells to compare fundamentals

Guangzhou Jointas Account Relationship Matchups

Guangzhou Jointas fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets1.6B1.9B1.9B2.0B2.3B2.4B
Short Long Term Debt Total257.2M388.9M521.6M735.9M846.2M888.6M
Other Current Liab2.2M175.2M185.5M64.6M74.3M44.9M
Total Current Liabilities708.6M978.8M979.1M954.4M1.1B1.2B
Total Stockholder Equity860.8M842.6M854.3M851.9M979.7M534.8M
Property Plant And Equipment Net257.4M366.8M498.4M665.0M764.8M803.0M
Current Deferred Revenue86.0M82.7M7.6M9.7M11.2M10.6M
Net Debt(248.1M)(22.2M)318.5M579.9M666.9M700.2M
Retained Earnings196.5M202.7M191.0M180.1M207.1M119.2M
Accounts Payable379.3M348.6M278.9M292.8M336.7M206.6M
Cash505.2M411.2M203.1M156.0M179.4M206.2M
Non Current Assets Total605.3M705.9M970.5M1.1B1.3B1.4B
Non Currrent Assets Other243.5M11.8M45.7M20.5M23.6M31.5M
Cash And Short Term Investments505.2M411.2M203.1M156.0M179.4M206.2M
Net Receivables431.3M644.5M574.8M554.8M638.0M359.6M
Common Stock Shares Outstanding329.3M326.8M372.7M372.8M428.7M331.2M
Liabilities And Stockholders Equity1.6B1.9B1.9B2.0B2.3B2.4B
Non Current Liabilities Total71.2M65.6M56.1M153.9M177.0M185.8M
Inventory93.8M108.2M107.7M104.8M120.5M77.3M
Other Current Assets13.4M19.4M33.7M10.8M12.4M17.9M
Other Stockholder Equity354.1M235.0M236.4M240.0M276.0M191.3M
Total Liab779.8M1.0B1.0B1.1B1.3B1.3B
Total Current Assets1.0B1.2B919.3M826.4M950.3M661.0M
Short Term Debt241.1M372.3M507.2M587.3M675.4M709.2M
Intangible Assets37.7M254.6M366.0M362.8M417.3M438.1M
Other Liab16.0M15.0M12.4M41.7M48.0M50.4M
Net Tangible Assets455.8M798.2M563.0M463.4M532.9M530.4M
Deferred Long Term Liab16.0M15.9M19.0M23.1M26.6M18.8M
Short Long Term Debt204.4M328.4M439.8M405.3M466.1M252.3M
Property Plant Equipment257.8M257.4M366.8M498.4M573.2M297.9M
Net Invested Capital1.1B1.2B1.3B1.3B1.5B1.1B
Net Working Capital335.1M204.5M(59.8M)(128.0M)(115.2M)(109.5M)
Long Term Debt16.0M10.7M5.3M86.6M99.6M104.6M
Property Plant And Equipment Gross352.9M478.9M640.0M842.1M968.5M584.6M
Accumulated Other Comprehensive Income43.7M32.2M54.1M59.1M68.0M49.6M

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Other Information on Investing in Guangzhou Stock

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