China Net Receivables vs Inventory Analysis

601390 Stock

6.39 0.02 0.31%

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 Net Receivables and its Inventory 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.

Net Receivables vs Inventory

Net Receivables vs Inventory Correlation Analysis

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

The correlation between China Railway's Net Receivables and Inventory is 0.24. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Inventory 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 Net Receivables and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of China Railway Group are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Receivables i.e., China Railway's Net Receivables and Inventory go up and down completely randomly.

Correlation Coefficient

0.24

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Receivables

Inventory

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.

	2021	2022	2023	2024 (projected)
Operating Income	47.9B	51.2B	59.2B	62.1B
Total Revenue	1.1T	1.2T	1.3T	642.8B

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		-0.05	0.99	0.99	0.69	0.91	0.98	0.95	0.97	0.1	0.81	0.92	0.35	0.52	1.0	0.94	0.64	0.75	0.98	0.78	0.81	0.89	0.7	0.75	0.91	0.79
Other Current Liab	-0.05		0.02	0.05	0.24	-0.4	-0.02	0.02	-0.18	0.12	0.21	-0.07	0.34	0.59	-0.05	-0.28	0.33	0.31	0.01	0.22	0.11	0.01	0.2	0.01	-0.13	0.16
Total Current Liabilities	0.99	0.02		0.98	0.67	0.89	0.98	0.93	0.94	0.21	0.8	0.9	0.41	0.55	0.99	0.9	0.71	0.79	0.97	0.78	0.79	0.86	0.72	0.78	0.88	0.81
Total Stockholder Equity	0.99	0.05	0.98		0.75	0.87	0.99	0.97	0.92	0.14	0.82	0.92	0.33	0.55	0.98	0.89	0.65	0.8	0.99	0.85	0.86	0.91	0.78	0.81	0.91	0.86
Other Liab	0.69	0.24	0.67	0.75		0.5	0.72	0.81	0.63	-0.09	0.73	0.75	0.09	0.59	0.66	0.56	0.39	0.75	0.77	0.87	0.88	0.89	0.83	0.66	0.85	0.8
Accounts Payable	0.91	-0.4	0.89	0.87	0.5		0.88	0.85	0.9	0.19	0.63	0.84	0.18	0.2	0.91	0.91	0.49	0.6	0.87	0.67	0.72	0.79	0.61	0.73	0.84	0.7
Cash	0.98	-0.02	0.98	0.99	0.72	0.88		0.94	0.93	0.15	0.82	0.91	0.34	0.54	0.98	0.9	0.66	0.79	0.99	0.81	0.82	0.88	0.75	0.82	0.91	0.85
Other Assets	0.95	0.02	0.93	0.97	0.81	0.85	0.94		0.91	-0.01	0.78	0.92	0.17	0.5	0.93	0.88	0.5	0.73	0.98	0.88	0.92	0.95	0.77	0.77	0.93	0.85
Long Term Debt	0.97	-0.18	0.94	0.92	0.63	0.9	0.93	0.91		-0.09	0.78	0.89	0.34	0.42	0.97	0.98	0.56	0.63	0.93	0.66	0.75	0.85	0.55	0.61	0.9	0.66
Net Receivables	0.1	0.12	0.21	0.14	-0.09	0.19	0.15	-0.01	-0.09		0.03	0.05	0.24	0.08	0.12	-0.11	0.46	0.38	0.08	0.2	-0.02	-0.04	0.37	0.47	-0.06	0.32
Good Will	0.81	0.21	0.8	0.82	0.73	0.63	0.82	0.78	0.78	0.03		0.75	0.57	0.66	0.8	0.73	0.81	0.89	0.81	0.7	0.83	0.84	0.7	0.58	0.82	0.72
Short Term Investments	0.92	-0.07	0.9	0.92	0.75	0.84	0.91	0.92	0.89	0.05	0.75		0.26	0.48	0.91	0.86	0.49	0.71	0.94	0.77	0.82	0.87	0.7	0.69	0.89	0.73
Inventory	0.35	0.34	0.41	0.33	0.09	0.18	0.34	0.17	0.34	0.24	0.57	0.26		0.29	0.38	0.26	0.79	0.54	0.27	0.12	0.18	0.17	0.05	0.09	0.17	0.14
Other Current Assets	0.52	0.59	0.55	0.55	0.59	0.2	0.54	0.5	0.42	0.08	0.66	0.48	0.29		0.52	0.39	0.56	0.66	0.56	0.46	0.48	0.53	0.62	0.4	0.5	0.55
Total Liab	1.0	-0.05	0.99	0.98	0.66	0.91	0.98	0.93	0.97	0.12	0.8	0.91	0.38	0.52		0.94	0.66	0.75	0.97	0.76	0.79	0.87	0.68	0.74	0.9	0.77
Intangible Assets	0.94	-0.28	0.9	0.89	0.56	0.91	0.9	0.88	0.98	-0.11	0.73	0.86	0.26	0.39	0.94		0.5	0.58	0.9	0.58	0.72	0.82	0.52	0.57	0.89	0.62
Common Stock	0.64	0.33	0.71	0.65	0.39	0.49	0.66	0.5	0.56	0.46	0.81	0.49	0.79	0.56	0.66	0.5		0.84	0.58	0.5	0.5	0.51	0.53	0.5	0.5	0.55
Property Plant Equipment	0.75	0.31	0.79	0.8	0.75	0.6	0.79	0.73	0.63	0.38	0.89	0.71	0.54	0.66	0.75	0.58	0.84		0.78	0.79	0.82	0.81	0.85	0.75	0.76	0.85
Retained Earnings	0.98	0.01	0.97	0.99	0.77	0.87	0.99	0.98	0.93	0.08	0.81	0.94	0.27	0.56	0.97	0.9	0.58	0.78		0.84	0.87	0.92	0.78	0.81	0.93	0.86
Net Tangible Assets	0.78	0.22	0.78	0.85	0.87	0.67	0.81	0.88	0.66	0.2	0.7	0.77	0.12	0.46	0.76	0.58	0.5	0.79	0.84		0.91	0.88	0.89	0.85	0.81	0.92
Other Stockholder Equity	0.81	0.11	0.79	0.86	0.88	0.72	0.82	0.92	0.75	-0.02	0.83	0.82	0.18	0.48	0.79	0.72	0.5	0.82	0.87	0.91		0.97	0.84	0.74	0.9	0.88
Deferred Long Term Liab	0.89	0.01	0.86	0.91	0.89	0.79	0.88	0.95	0.85	-0.04	0.84	0.87	0.17	0.53	0.87	0.82	0.51	0.81	0.92	0.88	0.97		0.84	0.74	0.98	0.87
Long Term Investments	0.7	0.2	0.72	0.78	0.83	0.61	0.75	0.77	0.55	0.37	0.7	0.7	0.05	0.62	0.68	0.52	0.53	0.85	0.78	0.89	0.84	0.84		0.87	0.78	0.94
Short Long Term Debt	0.75	0.01	0.78	0.81	0.66	0.73	0.82	0.77	0.61	0.47	0.58	0.69	0.09	0.4	0.74	0.57	0.5	0.75	0.81	0.85	0.74	0.74	0.87		0.73	0.95
Total Current Assets	0.91	-0.13	0.88	0.91	0.85	0.84	0.91	0.93	0.9	-0.06	0.82	0.89	0.17	0.5	0.9	0.89	0.5	0.76	0.93	0.81	0.9	0.98	0.78	0.73		0.82
Short Term Debt	0.79	0.16	0.81	0.86	0.8	0.7	0.85	0.85	0.66	0.32	0.72	0.73	0.14	0.55	0.77	0.62	0.55	0.85	0.86	0.92	0.88	0.87	0.94	0.95	0.82

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China Railway Account Relationship Matchups

China Railway fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1T	1.2T	1.4T	1.6T	1.8T	1.9T
Other Current Liab	351.5B	394.4B	443.0B	32.1B	48.1B	45.7B
Total Current Liabilities	676.0B	705.1B	787.9B	873.4B	1.0T	1.1T
Total Stockholder Equity	221.5B	255.3B	275.3B	301.2B	332.5B	349.2B
Other Liab	9.1B	19.9B	18.9B	19.4B	22.3B	11.4B
Accounts Payable	208.5B	226.2B	235.5B	480.4B	588.7B	618.2B
Cash	158.2B	174.8B	178.9B	238.6B	234.5B	246.2B
Other Assets	113.9B	144.7B	189.4B	217.0B	249.5B	262.0B
Long Term Debt	126.7B	161.7B	195.1B	279.8B	311.6B	327.1B
Net Receivables	254.8B	107.9B	122.1B	122.2B	156.9B	151.6B
Good Will	1.0B	1.4B	1.6B	1.8B	1.7B	989.8M
Short Term Investments	5.4B	5.1B	7.2B	10.2B	8.9B	9.3B
Inventory	199.7B	192.7B	203.4B	207.9B	219.4B	164.4B
Other Current Assets	47.9B	80.2B	104.8B	63.4B	64.2B	42.9B
Total Liab	810.7B	886.9B	1.0T	1.2T	1.4T	1.4T
Intangible Assets	39.9B	77.7B	125.8B	170.3B	198.6B	208.6B
Property Plant Equipment	68.6B	68.0B	73.3B	76.0B	87.4B	47.6B
Retained Earnings	110.2B	129.7B	150.7B	175.4B	181.1B	190.2B
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	74.3B	52.7B	52.8B	71.2B	67.4B	63.8B
Total Current Assets	709.5B	741.8B	800.8B	898.6B	1.0T	807.9B
Non Current Assets Total	346.7B	458.3B	560.9B	714.6B	823.7B	486.6B
Non Currrent Assets Other	107.9B	141.0B	173.7B	217.1B	253.2B	136.1B
Non Current Liabilities Total	134.7B	181.8B	215.5B	316.7B	358.9B	205.8B
Non Current Liabilities Other	1.1B	605.0M	14.5B	29.7B	1.1B	1.0B
Net Debt	29.5B	39.6B	69.1B	112.4B	144.4B	151.6B
Net Invested Capital	409.1B	469.7B	523.3B	652.2B	711.5B	535.5B
Net Working Capital	33.5B	36.6B	12.9B	25.2B	(4.9B)	(4.7B)

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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 Net Receivables vs Inventory Analysis

Net Receivables vs Inventory

Net Receivables vs Inventory Correlation Analysis

Correlation Coefficient

Net Receivables

Inventory

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

Accounts Payable	- 0.4	Other Current Liab
Intangible Assets	- 0.28	Other Current Liab
Long Term Debt	- 0.18	Other Current Liab
Total Current Assets	- 0.13	Other Current Liab
Intangible Assets	- 0.11	Net Receivables
Net Receivables	- 0.09	Long Term Debt