Citic Investments vs Change To Netincome Analysis

600084 Stock   6.54  0.15  2.35%   
Citic Guoan financial indicator trend analysis is way more than just evaluating Citic Guoan Wine prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Citic Guoan Wine is a good investment. Please check the relationship between Citic Guoan Investments and its Change To Netincome accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Citic Guoan Wine. 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.

Investments vs Change To Netincome

Investments vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Citic Guoan Wine Investments account and Change To Netincome. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Citic Guoan's Investments and Change To Netincome is 0.81. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Citic Guoan Wine, assuming nothing else is changed. The correlation between historical values of Citic Guoan's Investments and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Citic Guoan Wine are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Investments i.e., Citic Guoan's Investments and Change To Netincome go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Change To Netincome

Most indicators from Citic Guoan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Citic Guoan Wine 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 Citic Guoan Wine. 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 13, 2024, Selling General Administrative is expected to decline to about 43.4 M. In addition to that, Tax Provision is expected to decline to about 33.8 K
 2021 2023 2024 (projected)
Tax Provision1.2M35.6K33.8K
Other Operating Expenses21.2M19.0M14.3M

Citic Guoan fundamental ratios Correlations

0.290.620.550.260.440.86-0.420.52-0.290.50.590.620.570.210.18-0.430.520.540.520.580.540.220.710.550.22
0.290.86-0.540.340.510.02-0.020.55-0.650.120.170.85-0.54-0.390.890.120.580.740.280.590.650.450.650.660.45
0.620.86-0.270.430.590.47-0.240.82-0.760.10.440.99-0.2-0.30.78-0.230.740.90.370.790.850.50.850.850.5
0.55-0.54-0.27-0.14-0.170.56-0.31-0.180.440.570.31-0.290.950.69-0.61-0.33-0.05-0.30.33-0.13-0.3-0.27-0.06-0.28-0.27
0.260.340.43-0.140.080.24-0.690.6-0.76-0.280.760.47-0.05-0.680.6-0.380.710.690.610.630.590.360.770.620.36
0.440.510.59-0.170.080.250.140.51-0.310.190.120.59-0.17-0.180.370.140.190.450.00.310.520.170.460.50.17
0.860.020.470.560.240.25-0.50.5-0.310.150.660.480.670.250.03-0.450.510.50.420.510.480.130.580.490.13
-0.42-0.02-0.24-0.31-0.690.14-0.5-0.390.360.12-0.78-0.26-0.470.19-0.220.52-0.59-0.43-0.79-0.59-0.31-0.09-0.56-0.35-0.09
0.520.550.82-0.180.60.510.5-0.39-0.83-0.050.670.79-0.08-0.420.61-0.450.680.870.370.70.770.460.770.780.46
-0.29-0.65-0.760.44-0.76-0.31-0.310.36-0.830.34-0.63-0.780.330.67-0.820.21-0.77-0.94-0.31-0.73-0.84-0.61-0.8-0.85-0.61
0.50.120.10.57-0.280.190.150.12-0.050.340.030.020.380.56-0.2-0.06-0.08-0.170.28-0.09-0.23-0.140.01-0.21-0.14
0.590.170.440.310.760.120.66-0.780.67-0.630.030.440.41-0.230.36-0.410.660.660.740.640.470.260.70.50.26
0.620.850.99-0.290.470.590.48-0.260.79-0.780.020.44-0.21-0.340.81-0.180.760.920.340.820.90.560.880.910.56
0.57-0.54-0.20.95-0.05-0.170.67-0.47-0.080.330.380.41-0.210.61-0.55-0.440.03-0.180.420.0-0.19-0.240.02-0.17-0.24
0.21-0.39-0.30.69-0.68-0.180.250.19-0.420.670.56-0.23-0.340.61-0.640.06-0.27-0.52-0.08-0.38-0.49-0.27-0.45-0.48-0.27
0.180.890.78-0.610.60.370.03-0.220.61-0.82-0.20.360.81-0.55-0.640.10.660.840.330.680.750.50.730.760.5
-0.430.12-0.23-0.33-0.380.14-0.450.52-0.450.21-0.06-0.41-0.18-0.440.060.1-0.28-0.28-0.42-0.31-0.25-0.04-0.37-0.27-0.04
0.520.580.74-0.050.710.190.51-0.590.68-0.77-0.080.660.760.03-0.270.66-0.280.820.580.70.750.490.840.790.49
0.540.740.9-0.30.690.450.5-0.430.87-0.94-0.170.660.92-0.18-0.520.84-0.280.820.430.830.910.560.910.930.56
0.520.280.370.330.610.00.42-0.790.37-0.310.280.740.340.42-0.080.33-0.420.580.430.50.2-0.050.580.25-0.05
0.580.590.79-0.130.630.310.51-0.590.7-0.73-0.090.640.820.0-0.380.68-0.310.70.830.50.810.690.860.830.69
0.540.650.85-0.30.590.520.48-0.310.77-0.84-0.230.470.9-0.19-0.490.75-0.250.750.910.20.810.690.891.00.69
0.220.450.5-0.270.360.170.13-0.090.46-0.61-0.140.260.56-0.24-0.270.5-0.040.490.56-0.050.690.690.50.691.0
0.710.650.85-0.060.770.460.58-0.560.77-0.80.010.70.880.02-0.450.73-0.370.840.910.580.860.890.50.90.5
0.550.660.85-0.280.620.50.49-0.350.78-0.85-0.210.50.91-0.17-0.480.76-0.270.790.930.250.831.00.690.90.69
0.220.450.5-0.270.360.170.13-0.090.46-0.61-0.140.260.56-0.24-0.270.5-0.040.490.56-0.050.690.691.00.50.69
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Citic Guoan Account Relationship Matchups

Citic Guoan fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.3B2.3B2.3B1.4B1.4B2.3B
Other Current Liab56.0M54.3M59.9M2.2M4.2M3.9M
Total Current Liabilities92.7M140.0M176.4M142.1M158.7M150.7M
Total Stockholder Equity2.2B2.1B2.2B1.3B1.3B1.6B
Retained Earnings(1.6B)(1.7B)(1.6B)(2.6B)(2.6B)(2.5B)
Accounts Payable25.9M76.9M54.3M32.6M71.7M117.4M
Cash91.0M62.6M145.0M88.0M115.8M110.1M
Other Assets37.6M23.9M261.9M263.4M302.9M318.0M
Net Receivables75.8M54.3M24.7M26.8M34.7M32.9M
Inventory1.5B1.6B1.6B816.5M850.9M1.3B
Other Current Assets62.9M47.5M39.8M6.6M6.1M5.8M
Total Liab97.6M147.0M195.5M159.9M193.9M184.2M
Intangible Assets110.3M99.5M54.3M44.4M34.5M51.1M
Property Plant Equipment235.3M231.9M190.6M151.6M136.4M129.6M
Other Liab6.3M4.9M7.0M11.6M10.5M8.5M
Net Tangible Assets2.1B2.1B2.0B2.1B1.9B1.7B
Deferred Long Term Liab30.0M23.9M15.7M10.2M9.2M8.7M
Non Current Assets Total574.5M551.9M469.3M429.9M403.2M421.1M
Non Currrent Assets Other611.6M208.4M2.7M2.0M1.2M1.2M
Non Current Liabilities Total4.9M7.0M19.1M17.7M35.2M49.7M
Total Current Assets1.7B1.7B1.9B950.9M1.0B1.5B
Net Invested Capital2.2B2.1B2.2B1.3B1.3B1.6B
Net Working Capital1.6B1.6B1.7B808.8M857.2M1.1B

Currently Active Assets on Macroaxis

Other Information on Investing in Citic Stock

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