Jiangxi Long Term Investments vs Total Current Liabilities Analysis

600363 Stock   47.37  0.42  0.88%   
Jiangxi Lianchuang financial indicator trend analysis is infinitely more than just investigating Jiangxi Lianchuang Opto recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangxi Lianchuang Opto is a good investment. Please check the relationship between Jiangxi Lianchuang Long Term Investments and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangxi Lianchuang Opto electronic. 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.

Long Term Investments vs Total Current Liabilities

Long Term Investments vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiangxi Lianchuang Opto Long Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Jiangxi Lianchuang's Long Term Investments and Total Current Liabilities is 0.9. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Jiangxi Lianchuang Opto electronic, assuming nothing else is changed. The correlation between historical values of Jiangxi Lianchuang's Long Term Investments and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Jiangxi Lianchuang Opto electronic are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Long Term Investments i.e., Jiangxi Lianchuang's Long Term Investments and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Long Term Investments

Long Term Investments is an item on the asset side of Jiangxi Lianchuang balance sheet that represents investments Jiangxi Lianchuang Opto intends to hold for over a year. Jiangxi Lianchuang Opto electronic long term investments may include different instruments such as stocks, bonds, real estate and cash.

Total Current Liabilities

Total Current Liabilities is an item on Jiangxi Lianchuang balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Jiangxi Lianchuang Opto electronic are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Jiangxi Lianchuang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangxi Lianchuang Opto 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 Jiangxi Lianchuang Opto electronic. 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 133.7 M, whereas Tax Provision is forecasted to decline to about 4.4 M.
 2021 2022 2023 2024 (projected)
Income Before Tax286.5M320.6M413.2M433.9M
Cost Of Revenue3.1B2.8B2.7B1.8B

Jiangxi Lianchuang fundamental ratios Correlations

0.120.950.990.881.00.780.910.980.520.40.810.220.840.90.590.79-0.80.86-0.190.840.880.910.860.670.75
0.120.130.090.190.110.320.080.050.340.070.430.270.340.310.280.14-0.050.09-0.410.090.110.170.140.210.35
0.950.130.890.770.930.90.770.950.350.610.850.470.90.790.560.64-0.840.76-0.040.890.90.940.720.690.59
0.990.090.890.860.980.690.940.960.520.320.760.10.770.890.640.83-0.750.86-0.220.790.830.840.860.620.76
0.880.190.770.860.90.560.940.810.65-0.010.620.00.70.950.330.77-0.590.87-0.410.660.780.850.910.520.87
1.00.110.930.980.90.750.930.980.580.340.80.170.830.920.540.81-0.790.89-0.230.840.890.910.890.680.8
0.780.320.90.690.560.750.510.80.310.750.940.630.970.640.580.59-0.820.67-0.010.850.870.850.590.650.48
0.910.080.770.940.940.930.510.850.590.020.59-0.070.650.90.470.82-0.60.87-0.250.640.760.810.90.50.82
0.980.050.950.960.810.980.80.850.470.490.810.240.840.860.570.75-0.870.83-0.150.890.880.880.810.70.68
0.520.340.350.520.650.580.310.590.47-0.240.5-0.160.510.760.040.66-0.390.69-0.380.320.470.50.770.50.91
0.40.070.610.32-0.010.340.750.020.49-0.240.610.750.570.090.480.05-0.630.110.310.610.450.410.010.45-0.14
0.810.430.850.760.620.80.940.590.810.50.610.410.950.740.650.7-0.810.72-0.210.830.840.80.670.610.65
0.220.270.470.10.00.170.63-0.070.24-0.160.750.410.490.050.19-0.07-0.290.050.440.340.340.42-0.010.55-0.1
0.840.340.90.770.70.830.970.650.840.510.570.950.490.780.580.75-0.820.81-0.090.820.920.90.750.670.67
0.90.310.790.890.950.920.640.90.860.760.090.740.050.780.410.81-0.670.87-0.430.690.780.840.920.620.92
0.590.280.560.640.330.540.580.470.570.040.480.650.190.580.410.63-0.490.42-0.040.420.450.40.370.250.3
0.790.140.640.830.770.810.590.820.750.660.050.7-0.070.750.810.63-0.570.93-0.260.570.770.720.920.490.84
-0.8-0.05-0.84-0.75-0.59-0.79-0.82-0.6-0.87-0.39-0.63-0.81-0.29-0.82-0.67-0.49-0.57-0.650.07-0.85-0.78-0.73-0.59-0.53-0.5
0.860.090.760.860.870.890.670.870.830.690.110.720.050.810.870.420.93-0.65-0.240.730.910.880.980.630.87
-0.19-0.41-0.04-0.22-0.41-0.23-0.01-0.25-0.15-0.380.31-0.210.44-0.09-0.43-0.04-0.260.07-0.24-0.16-0.12-0.11-0.30.07-0.43
0.840.090.890.790.660.840.850.640.890.320.610.830.340.820.690.420.57-0.850.73-0.160.90.850.670.630.53
0.880.110.90.830.780.890.870.760.880.470.450.840.340.920.780.450.77-0.780.91-0.120.90.960.840.660.68
0.910.170.940.840.850.910.850.810.880.50.410.80.420.90.840.40.72-0.730.88-0.110.850.960.850.710.72
0.860.140.720.860.910.890.590.90.810.770.010.67-0.010.750.920.370.92-0.590.98-0.30.670.840.850.640.93
0.670.210.690.620.520.680.650.50.70.50.450.610.550.670.620.250.49-0.530.630.070.630.660.710.640.57
0.750.350.590.760.870.80.480.820.680.91-0.140.65-0.10.670.920.30.84-0.50.87-0.430.530.680.720.930.57
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Jiangxi Lianchuang Account Relationship Matchups

Jiangxi Lianchuang fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.8B6.3B6.5B7.0B7.6B7.9B
Other Current Liab161.8M295.8M324.6M228.2M20.6M19.5M
Total Current Liabilities2.8B2.7B2.3B2.2B2.6B2.7B
Total Stockholder Equity2.6B2.9B3.3B3.7B4.0B4.2B
Other Liab42.5M167.0M141.6M138.0M158.7M166.6M
Retained Earnings1.5B1.8B2.0B2.2B2.3B2.4B
Accounts Payable1.4B1.3B1.2B999.8M1.2B612.4M
Cash598.4M1.4B1.2B1.6B1.8B1.9B
Other Assets171.9M153.8M181.1M186.6M214.5M225.3M
Long Term Debt29.4M137.6M270.1M448.5M153.9M106.9M
Net Receivables1.7B873.5M832.1M593.1M738.3M732.1M
Inventory692.1M732.0M844.5M801.1M671.8M458.3M
Other Current Assets427.3M215.9M68.4M53.4M25.0M23.8M
Total Liab2.8B3.0B2.7B2.8B3.0B1.5B
Intangible Assets57.2M126.2M147.7M146.7M119.8M125.8M
Property Plant Equipment565.5M707.0M855.1M1.0B1.2B650.5M
Net Tangible Assets2.6B2.8B3.2B3.5B4.1B2.8B
Other Stockholder Equity5.3M1.8M(2.3M)2.8M2.5M1.8M
Deferred Long Term Liab52.1M46.8M55.5M46.4M53.4M51.8M
Total Current Assets3.4B3.6B3.2B3.3B3.7B3.3B
Non Current Assets Total2.3B2.7B3.3B3.7B3.9B3.0B
Non Currrent Assets Other38.8M14.7M23.0M30.3M18.0M21.7M
Non Current Liabilities Total57.5M304.6M417.2M588.5M342.7M254.6M
Short Long Term Debt1.1B1.1B685.0M757.4M882.0M929.3M
Net Invested Capital3.7B4.1B4.3B4.9B5.0B4.5B
Net Working Capital657.2M881.4M977.8M1.1B1.1B957.1M

Currently Active Assets on Macroaxis

Other Information on Investing in Jiangxi Stock

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