China Other Current Assets vs Good Will Analysis

601068 Stock

4.17 0.10 2.34%

China Aluminum financial indicator trend analysis is way more than just evaluating China Aluminum Inter prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Aluminum Inter is a good investment. Please check the relationship between China Aluminum Other Current Assets and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Aluminum International. 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.

Other Current Assets vs Good Will

Other Current Assets vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Aluminum Inter Other Current Assets account and Good Will. At this time, the significance of the direction appears to have strong relationship.

The correlation between China Aluminum's Other Current Assets and Good Will is 0.63. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Good Will in the same time period over historical financial statements of China Aluminum International, assuming nothing else is changed. The correlation between historical values of China Aluminum's Other Current Assets and Good Will 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 Assets of China Aluminum International are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Other Current Assets i.e., China Aluminum's Other Current Assets and Good Will go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

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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.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from China Aluminum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Aluminum Inter 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 China Aluminum International. 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 January 4, 2025, Selling General Administrative is expected to decline to about 231 M. The current year's Tax Provision is expected to grow to about (94.8 M)

	2022	2023	2024	2025 (projected)
Gross Profit	3.0B	2.1B	1.9B	2.0B
Total Revenue	23.7B	22.3B	20.0B	19.1B

Gross Profit Total Revenue

China Aluminum fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Non Current Assets Total
Total Assets		0.7	0.95	0.49	-0.83	0.46	-0.33	0.86	-0.22	0.6	0.8	0.67	-0.87	0.7	0.91	-0.6	0.9	0.98	0.87	0.71	0.95	0.78	0.49	0.68	0.88	0.71
Other Current Liab	0.7		0.58	0.45	-0.53	0.36	0.05	0.48	-0.11	0.51	0.62	0.55	-0.5	0.78	0.57	-0.41	0.5	0.64	0.55	0.41	0.58	0.24	0.27	0.27	0.38	0.66
Total Current Liabilities	0.95	0.58		0.54	-0.85	0.54	-0.33	0.91	-0.05	0.4	0.65	0.66	-0.91	0.54	0.95	-0.56	0.96	0.96	0.92	0.83	0.99	0.88	0.47	0.73	0.9	0.47
Total Stockholder Equity	0.49	0.45	0.54		-0.13	0.99	0.55	0.62	0.38	-0.07	-0.02	0.83	-0.33	0.51	0.52	0.21	0.44	0.38	0.32	0.6	0.62	0.48	-0.34	-0.06	0.3	0.02
Other Liab	-0.83	-0.53	-0.85	-0.13		-0.13	0.67	-0.62	0.35	-0.43	-0.81	-0.3	0.93	-0.51	-0.86	0.86	-0.86	-0.92	-0.94	-0.56	-0.79	-0.64	-0.78	-0.89	-0.82	-0.55
Net Tangible Assets	0.46	0.36	0.54	0.99	-0.13		0.53	0.62	0.38	-0.14	-0.07	0.82	-0.34	0.44	0.53	0.22	0.44	0.36	0.32	0.61	0.62	0.51	-0.35	-0.03	0.31	-0.05
Retained Earnings	-0.33	0.05	-0.33	0.55	0.67	0.53		-0.08	0.42	-0.38	-0.62	0.32	0.47	0.01	-0.29	0.84	-0.47	-0.47	-0.51	-0.08	-0.24	-0.29	-0.87	-0.75	-0.55	-0.36
Accounts Payable	0.86	0.48	0.91	0.62	-0.62	0.62	-0.08		-0.03	0.38	0.47	0.73	-0.81	0.37	0.9	-0.22	0.79	0.82	0.74	0.87	0.93	0.91	0.15	0.47	0.76	0.38
Cash	-0.22	-0.11	-0.05	0.38	0.35	0.38	0.42	-0.03		-0.43	-0.55	0.14	0.26	-0.15	-0.19	0.34	-0.07	-0.24	-0.26	0.17	-0.02	-0.05	-0.31	-0.36	-0.16	-0.55
Other Assets	0.6	0.51	0.4	-0.07	-0.43	-0.14	-0.38	0.38	-0.43		0.82	0.41	-0.41	0.48	0.31	-0.46	0.4	0.57	0.43	0.02	0.37	0.28	0.44	0.35	0.44	0.88
Long Term Debt	0.8	0.62	0.65	-0.02	-0.81	-0.07	-0.62	0.47	-0.55	0.82		0.3	-0.71	0.64	0.63	-0.79	0.7	0.83	0.77	0.27	0.6	0.46	0.77	0.69	0.72	0.9
Net Receivables	0.67	0.55	0.66	0.83	-0.3	0.82	0.32	0.73	0.14	0.41	0.3		-0.48	0.6	0.58	0.01	0.53	0.57	0.47	0.47	0.71	0.54	-0.17	0.14	0.41	0.36
Good Will	-0.87	-0.5	-0.91	-0.33	0.93	-0.34	0.47	-0.81	0.26	-0.41	-0.71	-0.48		-0.45	-0.96	0.63	-0.86	-0.93	-0.94	-0.7	-0.87	-0.79	-0.57	-0.75	-0.8	-0.48
Short Term Investments	0.7	0.78	0.54	0.51	-0.51	0.44	0.01	0.37	-0.15	0.48	0.64	0.6	-0.45		0.51	-0.49	0.5	0.62	0.49	0.21	0.55	0.18	0.31	0.31	0.43	0.75
Inventory	0.91	0.57	0.95	0.52	-0.86	0.53	-0.29	0.9	-0.19	0.31	0.63	0.58	-0.96	0.51		-0.51	0.88	0.93	0.91	0.84	0.94	0.85	0.43	0.67	0.82	0.44
Other Current Assets	-0.6	-0.41	-0.56	0.21	0.86	0.22	0.84	-0.22	0.34	-0.46	-0.79	0.01	0.63	-0.49	-0.51		-0.64	-0.7	-0.68	-0.2	-0.48	-0.28	-0.91	-0.81	-0.65	-0.6
Other Stockholder Equity	0.9	0.5	0.96	0.44	-0.86	0.44	-0.47	0.79	-0.07	0.4	0.7	0.53	-0.86	0.5	0.88	-0.64		0.94	0.94	0.78	0.93	0.87	0.62	0.78	0.96	0.45
Total Liab	0.98	0.64	0.96	0.38	-0.92	0.36	-0.47	0.82	-0.24	0.57	0.83	0.57	-0.93	0.62	0.93	-0.7	0.94		0.95	0.7	0.93	0.79	0.63	0.79	0.91	0.66
Long Term Investments	0.87	0.55	0.92	0.32	-0.94	0.32	-0.51	0.74	-0.26	0.43	0.77	0.47	-0.94	0.49	0.91	-0.68	0.94	0.95		0.68	0.87	0.79	0.69	0.83	0.88	0.49
Short Long Term Debt	0.71	0.41	0.83	0.6	-0.56	0.61	-0.08	0.87	0.17	0.02	0.27	0.47	-0.7	0.21	0.84	-0.2	0.78	0.7	0.68		0.86	0.87	0.17	0.43	0.73	0.09
Total Current Assets	0.95	0.58	0.99	0.62	-0.79	0.62	-0.24	0.93	-0.02	0.37	0.6	0.71	-0.87	0.55	0.94	-0.48	0.93	0.93	0.87	0.86		0.88	0.38	0.66	0.88	0.45
Short Term Debt	0.78	0.24	0.88	0.48	-0.64	0.51	-0.29	0.91	-0.05	0.28	0.46	0.54	-0.79	0.18	0.85	-0.28	0.87	0.79	0.79	0.87	0.88		0.31	0.59	0.88	0.24
Intangible Assets	0.49	0.27	0.47	-0.34	-0.78	-0.35	-0.87	0.15	-0.31	0.44	0.77	-0.17	-0.57	0.31	0.43	-0.91	0.62	0.63	0.69	0.17	0.38	0.31		0.81	0.66	0.5
Common Stock	0.68	0.27	0.73	-0.06	-0.89	-0.03	-0.75	0.47	-0.36	0.35	0.69	0.14	-0.75	0.31	0.67	-0.81	0.78	0.79	0.83	0.43	0.66	0.59	0.81		0.81	0.42
Property Plant Equipment	0.88	0.38	0.9	0.3	-0.82	0.31	-0.55	0.76	-0.16	0.44	0.72	0.41	-0.8	0.43	0.82	-0.65	0.96	0.91	0.88	0.73	0.88	0.88	0.66	0.81		0.5
Non Current Assets Total	0.71	0.66	0.47	0.02	-0.55	-0.05	-0.36	0.38	-0.55	0.88	0.9	0.36	-0.48	0.75	0.44	-0.6	0.45	0.66	0.49	0.09	0.45	0.24	0.5	0.42	0.5

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China Aluminum Account Relationship Matchups

China Aluminum fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	54.5B	58.8B	47.4B	40.9B	47.1B	52.0B
Other Current Liab	6.6B	7.5B	7.3B	184.2M	211.8M	201.2M
Total Current Liabilities	29.9B	30.9B	31.0B	26.8B	30.8B	32.0B
Total Stockholder Equity	8.7B	7.6B	7.5B	7.0B	6.3B	6.9B
Other Liab	732.4M	689.2M	748.0M	697.4M	627.6M	706.1M
Net Tangible Assets	10.2B	7.6B	6.3B	6.3B	5.6B	6.3B
Retained Earnings	2.1B	839.1M	828.4M	(2.2B)	(2.0B)	(1.9B)
Accounts Payable	15.5B	17.0B	16.1B	12.6B	14.4B	17.4B
Cash	644.3K	872.3M	6.9B	3.3B	3.0B	3.7B
Other Assets	4.1B	4.5B	16.9B	4.6B	5.3B	6.0B
Long Term Debt	8.2B	12.0B	5.3B	6.2B	7.1B	5.4B
Net Receivables	17.0B	27.4B	15.7B	15.3B	13.8B	17.0B
Short Term Investments	9.2B	7.3B	6.6B	700.5M	805.6M	765.3M
Inventory	3.4B	2.5B	2.9B	2.2B	2.6B	2.8B
Other Current Assets	866.6M	907.0M	956.3M	9.6M	8.7M	8.2M
Other Stockholder Equity	3.3B	2.8B	2.8B	2.8B	3.2B	2.8B
Total Liab	38.9B	42.3B	36.9B	33.7B	38.7B	38.1B
Short Long Term Debt	9.3B	6.1B	10.7B	6.6B	7.6B	9.4B
Total Current Assets	38.6B	38.5B	38.2B	32.1B	36.9B	40.6B
Intangible Assets	1.2B	1.2B	1.3B	1.3B	1.5B	1.2B
Property Plant Equipment	2.6B	2.7B	2.6B	2.5B	2.9B	2.8B
Non Current Assets Total	15.9B	21.5B	9.2B	8.8B	10.2B	12.3B
Non Currrent Assets Other	6.7B	13.7B	38.2M	(489.5M)	(562.9M)	(534.7M)
Non Current Liabilities Total	8.9B	12.7B	6.0B	6.9B	7.9B	6.8B
Net Debt	11.0B	17.2B	9.1B	9.4B	10.9B	10.7B
Net Invested Capital	26.2B	25.7B	23.5B	19.8B	17.8B	19.0B
Net Working Capital	8.6B	7.7B	7.2B	5.3B	4.8B	6.4B
Deferred Long Term Liab	29.4M	51.6M	54.8M	47.0M	54.1M	40.5M
Property Plant And Equipment Net	2.7B	2.7B	2.6B	2.6B	2.3B	2.1B
Capital Lease Obligations	11.0M	6.6M	17.7M	36.3M	41.7M	21.5M
Property Plant And Equipment Gross	4.5B	4.5B	4.6B	4.7B	5.4B	5.0B

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

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China Other Current Assets vs Good Will Analysis

Other Current Assets vs Good Will

Other Current Assets vs Good Will Correlation Analysis

Correlation Coefficient

Other Current Assets

Good Will

China Aluminum fundamental ratios Correlations

China Aluminum Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China Aluminum fundamental ratios Accounts

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Other Information on Investing in China Stock

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Total Current Assets	+ 0.99	Total Current Liabilities
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.98	Total Assets
Other Stockholder Equity	+ 0.96	Total Current Liabilities
Total Liab	+ 0.96	Total Current Liabilities
Property Plant Equipment	+ 0.96	Other Stockholder Equity

Inventory	- 0.96	Good Will
Long Term Investments	- 0.94	Good Will
Long Term Investments	- 0.94	Other Liab
Total Liab	- 0.93	Good Will
Total Liab	- 0.92	Other Liab
Intangible Assets	- 0.91	Other Current Assets