China Total Assets vs Total Revenue 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 Total Assets and its Total Revenue 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.

Total Assets vs Total Revenue

Total Assets vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Railway Group Total Assets account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between China Railway's Total Assets and Total Revenue is 0.82. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Revenue 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 Total Assets and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of China Railway Group are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Assets i.e., China Railway's Total Assets and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Total Assets

Total assets refers to the total amount of China Railway assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in China Railway Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Revenue

Total revenue comprises all receipts China Railway Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
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 Income47.9B51.2B59.2B62.1B
Total Revenue1.1T1.2T1.3T642.8B

China Railway fundamental ratios Correlations

-0.050.990.990.690.910.980.950.970.10.810.920.350.521.00.940.640.750.980.780.810.890.70.750.910.79
-0.050.020.050.24-0.4-0.020.02-0.180.120.21-0.070.340.59-0.05-0.280.330.310.010.220.110.010.20.01-0.130.16
0.990.020.980.670.890.980.930.940.210.80.90.410.550.990.90.710.790.970.780.790.860.720.780.880.81
0.990.050.980.750.870.990.970.920.140.820.920.330.550.980.890.650.80.990.850.860.910.780.810.910.86
0.690.240.670.750.50.720.810.63-0.090.730.750.090.590.660.560.390.750.770.870.880.890.830.660.850.8
0.91-0.40.890.870.50.880.850.90.190.630.840.180.20.910.910.490.60.870.670.720.790.610.730.840.7
0.98-0.020.980.990.720.880.940.930.150.820.910.340.540.980.90.660.790.990.810.820.880.750.820.910.85
0.950.020.930.970.810.850.940.91-0.010.780.920.170.50.930.880.50.730.980.880.920.950.770.770.930.85
0.97-0.180.940.920.630.90.930.91-0.090.780.890.340.420.970.980.560.630.930.660.750.850.550.610.90.66
0.10.120.210.14-0.090.190.15-0.01-0.090.030.050.240.080.12-0.110.460.380.080.2-0.02-0.040.370.47-0.060.32
0.810.210.80.820.730.630.820.780.780.030.750.570.660.80.730.810.890.810.70.830.840.70.580.820.72
0.92-0.070.90.920.750.840.910.920.890.050.750.260.480.910.860.490.710.940.770.820.870.70.690.890.73
0.350.340.410.330.090.180.340.170.340.240.570.260.290.380.260.790.540.270.120.180.170.050.090.170.14
0.520.590.550.550.590.20.540.50.420.080.660.480.290.520.390.560.660.560.460.480.530.620.40.50.55
1.0-0.050.990.980.660.910.980.930.970.120.80.910.380.520.940.660.750.970.760.790.870.680.740.90.77
0.94-0.280.90.890.560.910.90.880.98-0.110.730.860.260.390.940.50.580.90.580.720.820.520.570.890.62
0.640.330.710.650.390.490.660.50.560.460.810.490.790.560.660.50.840.580.50.50.510.530.50.50.55
0.750.310.790.80.750.60.790.730.630.380.890.710.540.660.750.580.840.780.790.820.810.850.750.760.85
0.980.010.970.990.770.870.990.980.930.080.810.940.270.560.970.90.580.780.840.870.920.780.810.930.86
0.780.220.780.850.870.670.810.880.660.20.70.770.120.460.760.580.50.790.840.910.880.890.850.810.92
0.810.110.790.860.880.720.820.920.75-0.020.830.820.180.480.790.720.50.820.870.910.970.840.740.90.88
0.890.010.860.910.890.790.880.950.85-0.040.840.870.170.530.870.820.510.810.920.880.970.840.740.980.87
0.70.20.720.780.830.610.750.770.550.370.70.70.050.620.680.520.530.850.780.890.840.840.870.780.94
0.750.010.780.810.660.730.820.770.610.470.580.690.090.40.740.570.50.750.810.850.740.740.870.730.95
0.91-0.130.880.910.850.840.910.930.9-0.060.820.890.170.50.90.890.50.760.930.810.90.980.780.730.82
0.790.160.810.860.80.70.850.850.660.320.720.730.140.550.770.620.550.850.860.920.880.870.940.950.82
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China Railway Account Relationship Matchups

China Railway fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1T1.2T1.4T1.6T1.8T1.9T
Other Current Liab351.5B394.4B443.0B32.1B48.1B45.7B
Total Current Liabilities676.0B705.1B787.9B873.4B1.0T1.1T
Total Stockholder Equity221.5B255.3B275.3B301.2B332.5B349.2B
Other Liab9.1B19.9B18.9B19.4B22.3B11.4B
Accounts Payable208.5B226.2B235.5B480.4B588.7B618.2B
Cash158.2B174.8B178.9B238.6B234.5B246.2B
Other Assets113.9B144.7B189.4B217.0B249.5B262.0B
Long Term Debt126.7B161.7B195.1B279.8B311.6B327.1B
Net Receivables254.8B107.9B122.1B122.2B156.9B151.6B
Good Will1.0B1.4B1.6B1.8B1.7B989.8M
Short Term Investments5.4B5.1B7.2B10.2B8.9B9.3B
Inventory199.7B192.7B203.4B207.9B219.4B164.4B
Other Current Assets47.9B80.2B104.8B63.4B64.2B42.9B
Total Liab810.7B886.9B1.0T1.2T1.4T1.4T
Intangible Assets39.9B77.7B125.8B170.3B198.6B208.6B
Property Plant Equipment68.6B68.0B73.3B76.0B87.4B47.6B
Retained Earnings110.2B129.7B150.7B175.4B181.1B190.2B
Net Tangible Assets144.5B180.5B176.3B148.1B170.3B144.7B
Other Stockholder Equity33.9B31.3B45.7B44.4B51.0B30.2B
Deferred Long Term Liab1.1B1.3B1.4B1.4B1.6B1.2B
Short Long Term Debt74.3B52.7B52.8B71.2B67.4B63.8B
Total Current Assets709.5B741.8B800.8B898.6B1.0T807.9B
Non Current Assets Total346.7B458.3B560.9B714.6B823.7B486.6B
Non Currrent Assets Other107.9B141.0B173.7B217.1B253.2B136.1B
Non Current Liabilities Total134.7B181.8B215.5B316.7B358.9B205.8B
Non Current Liabilities Other1.1B605.0M14.5B29.7B1.1B1.0B
Net Debt29.5B39.6B69.1B112.4B144.4B151.6B
Net Invested Capital409.1B469.7B523.3B652.2B711.5B535.5B
Net Working Capital33.5B36.6B12.9B25.2B(4.9B)(4.7B)

Currently Active Assets on Macroaxis

Other Information on Investing in China Stock

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.