Minmetals Intangible Assets vs Total Current Assets Analysis

600390 Stock   7.19  0.14  1.99%   
Minmetals Capital financial indicator trend analysis is infinitely more than just investigating Minmetals Capital recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Minmetals Capital is a good investment. Please check the relationship between Minmetals Capital Intangible Assets and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Minmetals Capital Co. 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.

Intangible Assets vs Total Current Assets

Intangible Assets vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Minmetals Capital Intangible Assets account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Minmetals Capital's Intangible Assets and Total Current Assets is 0.67. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Minmetals Capital Co, assuming nothing else is changed. The correlation between historical values of Minmetals Capital's Intangible Assets and Total 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 Intangible Assets of Minmetals Capital Co are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Intangible Assets i.e., Minmetals Capital's Intangible Assets and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.67
Relationship DirectionPositive 
Relationship StrengthSignificant

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Minmetals Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Minmetals Capital 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 Minmetals Capital Co. 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 883.1 M. The current year's Tax Provision is expected to grow to about 1.1 B
 2021 2022 2023 2024 (projected)
Income Before Tax5.5B4.2B3.6B2.1B
Cost Of Revenue4.1B2.9B3.1B3.2B

Minmetals Capital fundamental ratios Correlations

0.951.00.990.940.940.430.950.980.860.280.84-0.380.750.990.770.99-0.350.960.96-0.920.370.910.960.940.92
0.950.940.970.820.920.50.970.880.740.120.85-0.240.790.930.880.91-0.160.910.89-0.920.460.830.880.90.81
1.00.940.980.960.920.430.950.980.880.340.81-0.390.731.00.760.99-0.370.960.95-0.90.340.910.970.920.93
0.990.970.980.90.960.440.970.950.790.160.88-0.350.770.970.810.97-0.30.940.94-0.920.420.890.940.940.88
0.940.820.960.90.820.340.820.990.940.540.67-0.40.550.960.640.96-0.50.940.92-0.870.130.920.940.840.96
0.940.920.920.960.820.470.880.90.690.020.93-0.390.730.910.70.94-0.210.860.92-0.920.530.860.890.940.83
0.430.50.430.440.340.470.430.390.30.040.240.020.190.420.510.380.050.440.43-0.480.280.440.50.390.41
0.950.970.950.970.820.880.430.870.740.140.82-0.240.820.930.880.91-0.210.920.87-0.830.420.790.880.890.81
0.980.880.980.950.990.90.390.870.920.410.77-0.450.650.990.660.99-0.460.950.96-0.910.260.940.960.90.95
0.860.740.880.790.940.690.30.740.920.640.56-0.40.560.90.550.88-0.410.860.82-0.780.070.840.840.720.86
0.280.120.340.160.540.020.040.140.410.64-0.180.03-0.20.370.160.32-0.350.390.27-0.22-0.480.380.340.090.48
0.840.850.810.880.670.930.240.820.770.56-0.18-0.440.820.80.60.84-0.140.740.82-0.820.680.730.750.90.67
-0.38-0.24-0.39-0.35-0.4-0.390.02-0.24-0.45-0.40.03-0.44-0.45-0.40.22-0.430.59-0.28-0.450.35-0.32-0.42-0.46-0.47-0.39
0.750.790.730.770.550.730.190.820.650.56-0.20.82-0.450.720.590.71-0.060.650.67-0.620.580.560.650.750.52
0.990.931.00.970.960.910.420.930.990.90.370.8-0.40.720.740.99-0.380.960.95-0.910.320.920.970.920.94
0.770.880.760.810.640.70.510.880.660.550.160.60.220.590.740.70.050.790.66-0.710.260.620.670.670.63
0.990.910.990.970.960.940.380.910.990.880.320.84-0.430.710.990.7-0.390.950.96-0.920.350.930.960.940.93
-0.35-0.16-0.37-0.3-0.5-0.210.05-0.21-0.46-0.41-0.35-0.140.59-0.06-0.380.05-0.39-0.35-0.410.30.15-0.44-0.45-0.33-0.49
0.960.910.960.940.940.860.440.920.950.860.390.74-0.280.650.960.790.95-0.350.96-0.890.340.950.950.910.96
0.960.890.950.940.920.920.430.870.960.820.270.82-0.450.670.950.660.96-0.410.96-0.920.470.980.980.980.97
-0.92-0.92-0.9-0.92-0.87-0.92-0.48-0.83-0.91-0.78-0.22-0.820.35-0.62-0.91-0.71-0.920.3-0.89-0.92-0.35-0.91-0.88-0.89-0.87
0.370.460.340.420.130.530.280.420.260.07-0.480.68-0.320.580.320.260.350.150.340.47-0.350.390.370.620.27
0.910.830.910.890.920.860.440.790.940.840.380.73-0.420.560.920.620.93-0.440.950.98-0.910.390.950.930.98
0.960.880.970.940.940.890.50.880.960.840.340.75-0.460.650.970.670.96-0.450.950.98-0.880.370.950.940.97
0.940.90.920.940.840.940.390.890.90.720.090.9-0.470.750.920.670.94-0.330.910.98-0.890.620.930.940.9
0.920.810.930.880.960.830.410.810.950.860.480.67-0.390.520.940.630.93-0.490.960.97-0.870.270.980.970.9
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Minmetals Capital Account Relationship Matchups

Minmetals Capital fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets127.2B133.5B146.8B152.9B168.0B176.4B
Other Current Liab12.5B13.1B15.9B18.0B17.5B18.4B
Total Current Liabilities73.5B66.8B78.9B82.0B90.0B94.5B
Total Stockholder Equity34.5B45.7B47.2B48.3B52.8B55.4B
Other Liab6.8B6.4B6.0B5.2B6.0B6.2B
Retained Earnings8.9B12.3B13.7B11.3B12.5B13.1B
Accounts Payable98.7M81.1M819.7M311.7M310.1M209.2M
Cash11.4B13.4B16.3B18.6B20.7B21.7B
Other Assets42.2B41.2B39.7B39.2B45.1B47.3B
Long Term Debt13.3B5.3B5.5B8.0B11.4B11.9B
Net Receivables24.3B13.2M18.1M357.5M212.7M202.1M
Short Term Investments25.8B33.6B30.5B36.5B40.5B42.5B
Inventory265.0M236.5M185.4M65.9M111.8M106.2M
Other Current Assets4.7B8.1B7.5B35.0B36.7B38.6B
Total Liab89.0B78.1B89.7B94.5B105.6B110.9B
Intangible Assets447.9M489.6M548.2M569.9M561.9M590.0M
Property Plant Equipment386.3M638.8M350.4M570.9M656.5M639.7M
Net Tangible Assets30.7B32.6B35.8B37.3B42.9B30.1B
Other Stockholder Equity(278.7M)(259.0M)(353.2M)(290.4M)(261.4M)(248.3M)
Deferred Long Term Liab24.3M55.0M44.6M74.2M85.3M49.7M
Short Long Term Debt34.6B38.5B53.3B51.8B52.6B39.2B
Total Current Assets67.9B78.6B86.0B96.9B104.1B69.4B
Non Current Assets Total59.2B54.9B60.7B56.0B63.8B61.7B
Non Currrent Assets Other10.7B1.2B36.2M35.9M105.1M99.9M
Non Current Liabilities Total15.5B11.3B10.8B12.5B15.6B13.1B
Non Current Liabilities Other(6.8B)(1.8B)2.3B1.9B1.8B1.9B
Net Debt32.3B30.3B42.5B41.2B43.3B42.1B
Net Invested Capital78.1B81.5B98.1B100.2B106.8B99.1B
Net Working Capital(5.5B)11.8B7.2B14.9B14.1B14.8B

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Other Information on Investing in Minmetals Stock

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