China Good Will vs Cash Analysis

601390 Stock

5.96 0.01 0.17%

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

Good Will vs Cash

Good Will vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Railway Group Good Will account and Cash. At this time, the significance of the direction appears to have very strong relationship.

The correlation between China Railway's Good Will and Cash is 0.81. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash in the same time period over historical financial statements of China Railway Group, assuming nothing else is changed. The correlation between historical values of China Railway's Good Will and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of China Railway Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Good Will i.e., China Railway's Good Will and Cash go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Cash

Cash refers to the most liquid asset of China Railway Group, which is listed under current asset account on China Railway Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from China Railway customers. The amounts must be unrestricted with restricted cash listed in a different China Railway account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from China Railway's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Railway Group 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 Railway Group. 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 17.4 B, whereas Tax Provision is forecasted to decline to about 7 B.

	2022	2023	2024	2025 (projected)
Operating Income	51.2B	59.2B	68.0B	71.4B
Total Revenue	1.2T	1.3T	1.5T	1.5T

Operating Income Total Revenue

China Railway fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Retained Earnings	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		-0.18	0.99	0.99	0.69	0.94	0.99	0.94	0.98	0.09	0.8	0.94	0.4	0.51	1.0	0.96	0.61	0.72	0.99	0.75	0.8	0.88	0.68	0.76	0.89	0.77
Other Current Liab	-0.18		-0.13	-0.09	0.14	-0.46	-0.15	-0.04	-0.29	0.11	0.06	-0.18	0.24	0.5	-0.19	-0.36	0.28	0.22	-0.12	0.17	0.03	-0.06	0.13	-0.07	-0.26	0.09
Total Current Liabilities	0.99	-0.13		0.99	0.67	0.93	0.99	0.93	0.96	0.19	0.8	0.92	0.44	0.53	1.0	0.93	0.66	0.75	0.98	0.76	0.78	0.86	0.7	0.78	0.86	0.78
Total Stockholder Equity	0.99	-0.09	0.99		0.74	0.91	0.99	0.97	0.94	0.13	0.81	0.94	0.38	0.54	0.98	0.92	0.62	0.77	1.0	0.83	0.85	0.91	0.75	0.81	0.88	0.84
Other Liab	0.69	0.14	0.67	0.74		0.54	0.72	0.82	0.64	-0.06	0.77	0.75	0.19	0.63	0.67	0.59	0.41	0.77	0.77	0.87	0.89	0.9	0.84	0.71	0.84	0.81
Accounts Payable	0.94	-0.46	0.93	0.91	0.54		0.92	0.85	0.93	0.17	0.68	0.87	0.27	0.25	0.94	0.94	0.47	0.6	0.91	0.66	0.73	0.8	0.61	0.75	0.85	0.69
Cash	0.99	-0.15	0.99	0.99	0.72	0.92		0.94	0.95	0.14	0.81	0.93	0.39	0.53	0.98	0.93	0.63	0.76	0.99	0.79	0.82	0.89	0.73	0.82	0.88	0.82
Other Assets	0.94	-0.04	0.93	0.97	0.82	0.85	0.94		0.9	0.01	0.8	0.93	0.25	0.54	0.93	0.87	0.51	0.75	0.98	0.89	0.93	0.95	0.79	0.8	0.88	0.86
Long Term Debt	0.98	-0.29	0.96	0.94	0.64	0.93	0.95	0.9		-0.06	0.78	0.91	0.39	0.43	0.98	0.99	0.53	0.62	0.95	0.65	0.75	0.85	0.56	0.65	0.89	0.66
Net Receivables	0.09	0.11	0.19	0.13	-0.06	0.17	0.14	0.01	-0.06		0.05	0.05	0.24	0.09	0.11	-0.07	0.47	0.39	0.08	0.22	0.0	-0.01	0.38	0.46	-0.02	0.33
Good Will	0.8	0.06	0.8	0.81	0.77	0.68	0.81	0.8	0.78	0.05		0.77	0.62	0.67	0.8	0.75	0.79	0.9	0.81	0.71	0.85	0.88	0.72	0.64	0.85	0.74
Short Term Investments	0.94	-0.18	0.92	0.94	0.75	0.87	0.93	0.93	0.91	0.05	0.77		0.32	0.49	0.93	0.89	0.5	0.7	0.95	0.77	0.82	0.89	0.7	0.72	0.86	0.74
Inventory	0.4	0.24	0.44	0.38	0.19	0.27	0.39	0.25	0.39	0.24	0.62	0.32		0.34	0.42	0.33	0.82	0.6	0.33	0.19	0.27	0.28	0.13	0.18	0.31	0.21
Other Current Assets	0.51	0.5	0.53	0.54	0.63	0.25	0.53	0.54	0.43	0.09	0.67	0.49	0.34		0.5	0.41	0.58	0.7	0.55	0.49	0.53	0.58	0.65	0.44	0.51	0.58
Total Liab	1.0	-0.19	1.0	0.98	0.67	0.94	0.98	0.93	0.98	0.11	0.8	0.93	0.42	0.5		0.96	0.62	0.72	0.98	0.73	0.78	0.87	0.66	0.75	0.88	0.75
Intangible Assets	0.96	-0.36	0.93	0.92	0.59	0.94	0.93	0.87	0.99	-0.07	0.75	0.89	0.33	0.41	0.96		0.48	0.58	0.93	0.59	0.72	0.83	0.53	0.62	0.88	0.62
Common Stock	0.61	0.28	0.66	0.62	0.41	0.47	0.63	0.51	0.53	0.47	0.79	0.5	0.82	0.58	0.62	0.48		0.83	0.57	0.52	0.51	0.52	0.54	0.53	0.5	0.56
Property Plant Equipment	0.72	0.22	0.75	0.77	0.77	0.6	0.76	0.75	0.62	0.39	0.9	0.7	0.6	0.7	0.72	0.58	0.83		0.76	0.8	0.83	0.82	0.86	0.79	0.76	0.86
Retained Earnings	0.99	-0.12	0.98	1.0	0.77	0.91	0.99	0.98	0.95	0.08	0.81	0.95	0.33	0.55	0.98	0.93	0.57	0.76		0.82	0.86	0.92	0.76	0.81	0.9	0.84
Net Tangible Assets	0.75	0.17	0.76	0.83	0.87	0.66	0.79	0.89	0.65	0.22	0.71	0.77	0.19	0.49	0.73	0.59	0.52	0.8	0.82		0.91	0.88	0.9	0.86	0.75	0.92
Other Stockholder Equity	0.8	0.03	0.78	0.85	0.89	0.73	0.82	0.93	0.75	0.0	0.85	0.82	0.27	0.53	0.78	0.72	0.51	0.83	0.86	0.91		0.97	0.85	0.78	0.87	0.88
Deferred Long Term Liab	0.88	-0.06	0.86	0.91	0.9	0.8	0.89	0.95	0.85	-0.01	0.88	0.89	0.28	0.58	0.87	0.83	0.52	0.82	0.92	0.88	0.97		0.85	0.79	0.95	0.87
Long Term Investments	0.68	0.13	0.7	0.75	0.84	0.61	0.73	0.79	0.56	0.38	0.72	0.7	0.13	0.65	0.66	0.53	0.54	0.86	0.76	0.9	0.85	0.85		0.89	0.75	0.94
Short Long Term Debt	0.76	-0.07	0.78	0.81	0.71	0.75	0.82	0.8	0.65	0.46	0.64	0.72	0.18	0.44	0.75	0.62	0.53	0.79	0.81	0.86	0.78	0.79	0.89		0.74	0.96
Total Current Assets	0.89	-0.26	0.86	0.88	0.84	0.85	0.88	0.88	0.89	-0.02	0.85	0.86	0.31	0.51	0.88	0.88	0.5	0.76	0.9	0.75	0.87	0.95	0.75	0.74		0.78
Short Term Debt	0.77	0.09	0.78	0.84	0.81	0.69	0.82	0.86	0.66	0.33	0.74	0.74	0.21	0.58	0.75	0.62	0.56	0.86	0.84	0.92	0.88	0.87	0.94	0.96	0.78

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China Railway Account Relationship Matchups

China Railway fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.2T	1.4T	1.6T	1.8T	2.1T	2.2T
Other Current Liab	394.4B	443.0B	32.1B	48.1B	55.4B	52.6B
Total Current Liabilities	705.1B	787.9B	873.4B	1.0T	1.2T	1.2T
Total Stockholder Equity	255.3B	275.3B	301.2B	332.5B	382.4B	401.5B
Other Liab	9.1B	19.9B	18.9B	19.4B	22.3B	11.4B
Accounts Payable	226.2B	235.5B	480.4B	588.7B	677.0B	710.9B
Cash	174.8B	178.9B	238.6B	234.5B	269.7B	283.2B
Other Assets	113.9B	144.7B	189.4B	217.0B	249.5B	262.0B
Long Term Debt	161.7B	195.1B	279.8B	311.6B	358.3B	376.2B
Net Receivables	107.9B	122.1B	122.2B	156.9B	180.4B	151.6B
Good Will	1.4B	1.6B	1.8B	1.7B	1.9B	989.8M
Short Term Investments	5.1B	7.2B	10.2B	8.9B	10.2B	10.7B
Inventory	192.7B	203.4B	207.9B	219.4B	252.3B	164.4B
Other Current Assets	80.2B	104.8B	63.4B	64.2B	73.9B	42.9B
Total Liab	886.9B	1.0T	1.2T	1.4T	1.6T	1.7T
Intangible Assets	77.7B	125.8B	170.3B	198.6B	228.4B	239.8B
Property Plant Equipment	68.6B	68.0B	73.3B	76.0B	87.4B	47.6B
Retained Earnings	129.7B	150.7B	175.4B	181.1B	208.3B	218.7B
Net Tangible Assets	144.5B	180.5B	176.3B	148.1B	170.3B	144.7B
Other Stockholder Equity	33.9B	31.3B	45.7B	44.4B	51.0B	30.2B
Deferred Long Term Liab	1.1B	1.3B	1.4B	1.4B	1.6B	1.2B
Short Long Term Debt	52.7B	52.8B	71.2B	67.4B	77.5B	63.8B
Total Current Assets	741.8B	800.8B	898.6B	1.0T	1.2T	807.9B
Non Current Assets Total	458.3B	560.9B	714.6B	823.7B	947.3B	486.6B
Non Currrent Assets Other	141.0B	173.7B	217.1B	253.2B	291.2B	305.8B
Non Current Liabilities Total	181.8B	215.5B	316.7B	358.9B	412.7B	433.4B
Non Current Liabilities Other	605.0M	14.5B	29.7B	1.1B	1.2B	1.2B
Net Debt	39.6B	69.1B	112.4B	144.4B	166.1B	174.4B
Net Invested Capital	469.7B	523.3B	652.2B	711.5B	818.2B	535.5B
Net Working Capital	36.6B	12.9B	25.2B	(4.9B)	(4.5B)	(4.2B)
Property Plant And Equipment Net	73.3B	76.1B	119.3B	137.1B	157.7B	104.2B
Capital Lease Obligations	1.2B	971.8M	1.1B	1.1B	1.0B	949.3M
Property Plant And Equipment Gross	137.5B	143.8B	119.3B	214.5B	246.6B	163.5B

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Balance Sheet is a snapshot of the financial position of China Railway Group at a specified time, usually calculated after every quarter, six months, or one year. China Railway Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Railway 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 Good Will vs Cash Analysis

Good Will vs Cash

Good Will vs Cash Correlation Analysis

Correlation Coefficient

Good Will

Cash

China Railway fundamental ratios Correlations

China Railway Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China Railway fundamental ratios Accounts

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Other Information on Investing in China Stock

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Total Liab	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity
Total Current Liabilities	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Cash	+ 0.99	Total Assets

Accounts Payable	- 0.46	Other Current Liab
Intangible Assets	- 0.36	Other Current Liab
Long Term Debt	- 0.29	Other Current Liab
Total Current Assets	- 0.26	Other Current Liab
Total Liab	- 0.19	Other Current Liab
Short Term Investments	- 0.18	Other Current Liab