Contemporary Non Currrent Assets Other vs Net Tangible Assets Analysis

300750 Stock   254.70  5.20  2.00%   
Contemporary Amperex financial indicator trend analysis is way more than just evaluating Contemporary Amperex prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Contemporary Amperex is a good investment. Please check the relationship between Contemporary Amperex Non Currrent Assets Other and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Contemporary Amperex Technology. 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.

Non Currrent Assets Other vs Net Tangible Assets

Non Currrent Assets Other vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Contemporary Amperex Non Currrent Assets Other account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Contemporary Amperex's Non Currrent Assets Other and Net Tangible Assets is 0.93. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Contemporary Amperex Technology, assuming nothing else is changed. The correlation between historical values of Contemporary Amperex's Non Currrent Assets Other 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 Non Currrent Assets Other of Contemporary Amperex Technology 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 Non Currrent Assets Other i.e., Contemporary Amperex's Non Currrent Assets Other and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

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 Contemporary Amperex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Contemporary Amperex 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 Contemporary Amperex Technology. 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 7.5 B. The current year's Selling General Administrative is expected to grow to about 21.3 B
 2021 2022 2023 2024 (projected)
Gross Profit34.3B66.5B91.8B96.4B
Total Revenue130.4B328.6B400.9B421.0B

Contemporary Amperex fundamental ratios Correlations

0.990.980.991.01.00.651.01.00.410.990.990.990.991.00.951.00.990.990.980.840.741.00.971.00.92
0.990.980.980.980.990.750.990.990.430.981.00.970.990.990.930.990.980.960.970.840.730.990.970.990.91
0.980.980.970.980.980.670.980.990.270.970.990.951.00.990.90.990.970.951.00.750.620.990.940.990.97
0.990.980.970.990.990.680.990.990.440.990.980.980.970.990.980.980.980.990.970.860.750.990.990.980.89
1.00.980.980.990.990.621.01.00.390.990.990.990.991.00.951.00.980.980.980.840.731.00.970.990.92
1.00.990.980.990.990.691.01.00.421.00.990.990.991.00.950.991.00.990.980.850.741.00.971.00.92
0.650.750.670.680.620.690.690.670.540.680.690.670.680.660.680.640.70.650.610.70.60.660.710.670.53
1.00.990.980.991.01.00.691.00.421.00.990.990.991.00.960.990.990.990.980.850.741.00.981.00.91
1.00.990.990.991.01.00.671.00.390.991.00.981.01.00.941.00.990.980.990.830.721.00.971.00.93
0.410.430.270.440.390.420.540.420.390.490.390.530.330.370.580.340.430.480.240.80.890.390.480.40.03
0.990.980.970.990.991.00.681.00.990.490.991.00.980.990.970.980.990.990.960.890.80.990.970.990.88
0.991.00.990.980.990.990.690.991.00.390.990.981.00.990.931.00.980.970.990.820.711.00.961.00.93
0.990.970.950.980.990.990.670.990.980.531.00.980.960.980.970.970.980.990.950.910.830.990.970.980.85
0.990.991.00.970.990.990.680.991.00.330.981.00.960.990.911.00.980.950.990.780.660.990.951.00.95
1.00.990.990.991.01.00.661.01.00.370.990.990.980.990.951.00.990.980.990.830.711.00.970.990.93
0.950.930.90.980.950.950.680.960.940.580.970.930.970.910.950.930.940.990.890.930.850.950.980.930.78
1.00.990.990.981.00.990.640.991.00.340.981.00.971.01.00.930.980.970.990.80.681.00.961.00.95
0.990.980.970.980.981.00.70.990.990.430.990.980.980.980.990.940.980.980.970.850.750.990.950.990.9
0.990.960.950.990.980.990.650.990.980.480.990.970.990.950.980.990.970.980.950.890.790.980.980.970.86
0.980.971.00.970.980.980.610.980.990.240.960.990.950.990.990.890.990.970.950.740.610.990.940.990.97
0.840.840.750.860.840.850.70.850.830.80.890.820.910.780.830.930.80.850.890.740.960.840.880.830.58
0.740.730.620.750.730.740.60.740.720.890.80.710.830.660.710.850.680.750.790.610.960.730.770.720.42
1.00.990.990.991.01.00.661.01.00.390.991.00.990.991.00.951.00.990.980.990.840.730.971.00.93
0.970.970.940.990.970.970.710.980.970.480.970.960.970.950.970.980.960.950.980.940.880.770.970.960.85
1.00.990.990.980.991.00.671.01.00.40.991.00.981.00.990.931.00.990.970.990.830.721.00.960.93
0.920.910.970.890.920.920.530.910.930.030.880.930.850.950.930.780.950.90.860.970.580.420.930.850.93
Click cells to compare fundamentals

Contemporary Amperex Account Relationship Matchups

Contemporary Amperex fundamental ratios Accounts

201920202021202220232024 (projected)
Other Liab6.2B10.8B26.3B48.4B55.6B58.4B
Net Tangible Assets35.7B61.5B79.5B154.2B177.4B186.2B
Retained Earnings14.8B19.8B35.3B64.5B103.2B108.4B
Other Assets4.7B8.9B28.0B36.9B42.5B44.6B
Other Stockholder Equity620.8M1.1B4.2B8.9B10.3B10.8B
Deferred Long Term Liab394.1M363.6M1.3B2.3B2.6B2.8B
Common Stock2.2B2.3B2.3B2.4B2.8B2.0B
Property Plant Equipment19.4B25.4B73.0B125.3B144.1B151.3B
Total Assets101.4B156.6B307.7B601.0B717.2B753.0B
Other Current Liab12.6B12.0B18.6B40.2B2.1B2.0B
Total Current Liabilities45.6B55.0B149.3B295.8B287.0B301.4B
Total Stockholder Equity38.1B64.2B84.5B164.5B197.7B207.6B
Accounts Payable28.1B31.3B107.2B220.8B194.6B204.3B
Cash32.3B68.4B89.1B191.0B264.3B277.5B
Non Current Assets Total29.7B43.8B129.9B213.2B267.4B280.7B
Non Currrent Assets Other2.2B5.0B20.6B25.1B21.1B22.2B
Long Term Debt7.4B20.5B38.0B78.3B102.7B107.8B
Net Receivables22.6B11.3B35.1B58.0B64.0B67.2B
Non Current Liabilities Total13.6B32.4B65.7B128.3B210.3B220.8B
Inventory11.5B13.2B40.2B76.7B45.4B27.3B
Other Current Assets3.6B3.3B12.0B28.3B8.3B8.2B
Total Liab59.2B87.4B215.0B424.0B497.3B522.1B
Short Long Term Debt2.1B6.3B12.1B14.4B15.2B15.9B
Total Current Assets71.7B112.9B177.7B387.7B449.8B472.3B
Non Current Liabilities Other5.3B6.8B13.2B26.6B83.0B87.1B
Intangible Assets2.3B2.5B4.5B9.5B15.7B16.5B
Common Stock Shares Outstanding2.2B2.3B2.3B2.4B4.4B2.8B
Net Invested Capital46.7B91.0B134.6B257.2B315.6B331.4B
Net Working Capital26.1B57.9B28.4B92.0B162.8B170.9B
Capital Stock2.2B2.3B2.3B2.4B4.4B2.9B

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Other Information on Investing in Contemporary Stock

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