PetroChina Intangible Assets vs Good Will Analysis

601857 Stock

8.03 0.01 0.12%

PetroChina financial indicator trend analysis is much more than just breaking down PetroChina prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PetroChina is a good investment. Please check the relationship between PetroChina Intangible Assets and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in PetroChina Co Ltd. 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 Good Will

Intangible Assets vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PetroChina Intangible Assets account and Good Will. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between PetroChina's Intangible Assets and Good Will is -0.4. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Good Will in the same time period over historical financial statements of PetroChina Co Ltd, assuming nothing else is changed. The correlation between historical values of PetroChina's Intangible 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 Intangible Assets of PetroChina Co Ltd 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 Intangible Assets i.e., PetroChina's Intangible Assets and Good Will go up and down completely randomly.

Correlation Coefficient

-0.4

Relationship Direction	Negative
Relationship Strength	Very Weak

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Intangible Assets

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

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 PetroChina's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PetroChina 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 PetroChina Co Ltd. 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 November 28, 2024, Selling General Administrative is expected to decline to about 31.4 B. In addition to that, Tax Provision is expected to decline to about 39 B

	2021	2022	2023	2024 (projected)
Gross Profit	613.1B	788.1B	708.6B	601.4B
Total Revenue	2.6T	3.2T	3.0T	2.4T

Gross Profit Total Revenue

PetroChina fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Other Current Liab	Good Will	Short Term Investments
Total Assets		0.99	1.0	0.99	0.99	0.99	0.6	0.77	0.68	0.81	0.94	0.98	0.85	0.24	1.0	0.67	0.72	0.62	0.96	0.88	0.54	1.0	0.99	-0.41	-0.58	0.59
Total Current Liabilities	0.99		0.98	0.99	0.98	0.97	0.64	0.78	0.64	0.73	0.93	0.99	0.85	0.3	0.98	0.72	0.73	0.65	0.97	0.91	0.56	0.98	0.98	-0.44	-0.59	0.61
Total Stockholder Equity	1.0	0.98		0.99	1.0	0.99	0.62	0.79	0.68	0.79	0.92	0.98	0.85	0.28	0.99	0.68	0.75	0.58	0.97	0.88	0.57	1.0	0.99	-0.45	-0.61	0.59
Other Liab	0.99	0.99	0.99		0.99	0.98	0.63	0.78	0.68	0.77	0.94	0.99	0.81	0.28	0.98	0.68	0.72	0.6	0.97	0.89	0.58	0.99	0.99	-0.45	-0.57	0.57
Net Tangible Assets	0.99	0.98	1.0	0.99		0.99	0.61	0.78	0.67	0.79	0.91	0.97	0.83	0.26	0.98	0.68	0.74	0.58	0.97	0.89	0.56	1.0	0.99	-0.42	-0.61	0.58
Retained Earnings	0.99	0.97	0.99	0.98	0.99		0.54	0.72	0.73	0.85	0.93	0.96	0.82	0.16	0.99	0.63	0.69	0.62	0.93	0.86	0.53	0.99	0.99	-0.32	-0.54	0.56
Accounts Payable	0.6	0.64	0.62	0.63	0.61	0.54		0.94	0.08	0.1	0.49	0.63	0.47	0.84	0.57	0.83	0.85	0.01	0.72	0.61	0.74	0.58	0.57	-0.87	-0.77	0.31
Cash	0.77	0.78	0.79	0.78	0.78	0.72	0.94		0.29	0.34	0.63	0.76	0.65	0.74	0.74	0.79	0.92	0.17	0.86	0.74	0.73	0.76	0.73	-0.83	-0.82	0.42
Other Assets	0.68	0.64	0.68	0.68	0.67	0.73	0.08	0.29		0.85	0.82	0.68	0.46	-0.13	0.67	0.04	0.1	0.66	0.52	0.45	0.44	0.72	0.71	0.01	0.08	0.06
Long Term Debt	0.81	0.73	0.79	0.77	0.79	0.85	0.1	0.34	0.85		0.82	0.74	0.65	-0.23	0.82	0.18	0.29	0.6	0.63	0.52	0.26	0.82	0.83	0.03	-0.13	0.32
Net Receivables	0.94	0.93	0.92	0.94	0.91	0.93	0.49	0.63	0.82	0.82		0.96	0.75	0.18	0.93	0.5	0.49	0.72	0.85	0.77	0.54	0.93	0.95	-0.32	-0.31	0.44
Inventory	0.98	0.99	0.98	0.99	0.97	0.96	0.63	0.76	0.68	0.74	0.96		0.81	0.31	0.97	0.69	0.68	0.65	0.95	0.89	0.61	0.97	0.98	-0.45	-0.53	0.56
Other Current Assets	0.85	0.85	0.85	0.81	0.83	0.82	0.47	0.65	0.46	0.65	0.75	0.81		0.29	0.86	0.67	0.71	0.58	0.86	0.75	0.31	0.82	0.82	-0.42	-0.65	0.78
Other Stockholder Equity	0.24	0.3	0.28	0.28	0.26	0.16	0.84	0.74	-0.13	-0.23	0.18	0.31	0.29		0.2	0.6	0.62	-0.23	0.42	0.26	0.63	0.22	0.2	-0.95	-0.6	0.12
Total Liab	1.0	0.98	0.99	0.98	0.98	0.99	0.57	0.74	0.67	0.82	0.93	0.97	0.86	0.2		0.67	0.71	0.64	0.95	0.87	0.5	0.99	0.99	-0.37	-0.56	0.61
Deferred Long Term Liab	0.67	0.72	0.68	0.68	0.68	0.63	0.83	0.79	0.04	0.18	0.5	0.69	0.67	0.6	0.67		0.9	0.17	0.78	0.73	0.55	0.63	0.62	-0.6	-0.87	0.65
Long Term Investments	0.72	0.73	0.75	0.72	0.74	0.69	0.85	0.92	0.1	0.29	0.49	0.68	0.71	0.62	0.71	0.9		0.1	0.84	0.75	0.55	0.71	0.67	-0.7	-0.97	0.62
Short Long Term Debt	0.62	0.65	0.58	0.6	0.58	0.62	0.01	0.17	0.66	0.6	0.72	0.65	0.58	-0.23	0.64	0.17	0.1		0.53	0.68	0.12	0.6	0.63	0.11	0.02	0.49
Total Current Assets	0.96	0.97	0.97	0.97	0.97	0.93	0.72	0.86	0.52	0.63	0.85	0.95	0.86	0.42	0.95	0.78	0.84	0.53		0.92	0.57	0.95	0.94	-0.57	-0.72	0.66
Short Term Debt	0.88	0.91	0.88	0.89	0.89	0.86	0.61	0.74	0.45	0.52	0.77	0.89	0.75	0.26	0.87	0.73	0.75	0.68	0.92		0.47	0.87	0.85	-0.4	-0.66	0.71
Intangible Assets	0.54	0.56	0.57	0.58	0.56	0.53	0.74	0.73	0.44	0.26	0.54	0.61	0.31	0.63	0.5	0.55	0.55	0.12	0.57	0.47		0.57	0.55	-0.62	-0.4	-0.1
Common Stock	1.0	0.98	1.0	0.99	1.0	0.99	0.58	0.76	0.72	0.82	0.93	0.97	0.82	0.22	0.99	0.63	0.71	0.6	0.95	0.87	0.57		0.99	-0.39	-0.56	0.54
Property Plant Equipment	0.99	0.98	0.99	0.99	0.99	0.99	0.57	0.73	0.71	0.83	0.95	0.98	0.82	0.2	0.99	0.62	0.67	0.63	0.94	0.85	0.55	0.99		-0.37	-0.51	0.53
Other Current Liab	-0.41	-0.44	-0.45	-0.45	-0.42	-0.32	-0.87	-0.83	0.01	0.03	-0.32	-0.45	-0.42	-0.95	-0.37	-0.6	-0.7	0.11	-0.57	-0.4	-0.62	-0.39	-0.37		0.66	-0.25
Good Will	-0.58	-0.59	-0.61	-0.57	-0.61	-0.54	-0.77	-0.82	0.08	-0.13	-0.31	-0.53	-0.65	-0.6	-0.56	-0.87	-0.97	0.02	-0.72	-0.66	-0.4	-0.56	-0.51	0.66		-0.66
Short Term Investments	0.59	0.61	0.59	0.57	0.58	0.56	0.31	0.42	0.06	0.32	0.44	0.56	0.78	0.12	0.61	0.65	0.62	0.49	0.66	0.71	-0.1	0.54	0.53	-0.25	-0.66

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PetroChina Account Relationship Matchups

PetroChina fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.7T	2.5T	2.5T	2.7T	2.8T	2.5T
Total Current Liabilities	661.4B	605.4B	518.2B	624.3B	689.0B	586.9B
Total Stockholder Equity	1.2T	1.2T	1.3T	1.4T	1.4T	1.3T
Other Liab	172.2B	142.1B	164.8B	170.7B	196.3B	157.4B
Net Tangible Assets	1.2T	1.2T	1.2T	1.2T	1.4T	1.1T
Retained Earnings	940.4B	931.5B	984.0B	853.6B	914.4B	919.7B
Accounts Payable	148.3B	113.1B	144.4B	188.2B	309.9B	325.4B
Cash	86.4B	118.6B	136.8B	191.2B	269.9B	283.4B
Other Assets	139.5B	62.5B	50.2B	49.5B	44.5B	70.0B
Long Term Debt	290.9B	251.4B	287.2B	222.5B	143.2B	209.7B
Net Receivables	90.9B	52.3B	52.7B	72.0B	68.8B	73.7B
Inventory	181.9B	128.5B	143.8B	167.8B	180.5B	156.8B
Other Current Assets	83.1B	115.8B	62.9B	140.8B	60.8B	82.3B
Other Stockholder Equity	(26.6B)	(32.7B)	(36.7B)	332.7B	382.6B	401.8B
Total Liab	1.3T	1.1T	1.1T	1.1T	1.1T	1.1T
Long Term Investments	103.1B	260.6B	275.0B	274.5B	315.7B	331.5B
Short Long Term Debt	175.8B	117.5B	53.3B	116.3B	39.0B	37.0B
Total Current Assets	466.9B	486.8B	480.8B	613.9B	658.5B	480.1B
Intangible Assets	19.6B	20.5B	21.0B	22.3B	92.7B	97.4B
Property Plant Equipment	2.0T	1.7T	1.7T	1.7T	1.9T	1.7T
Other Current Liab	255.1B	295.5B	235.3B	12.8B	15.0B	14.2B
Good Will	42.8B	8.1B	8.0B	7.3B	7.4B	7.1B
Short Term Investments	24.3B	27.3B	30.7B	42.1B	7.4B	7.0B
Non Current Assets Total	2.3T	2.0T	2.0T	2.1T	2.1T	2.3T
Non Currrent Assets Other	38.3B	38.9B	37.3B	40.2B	32.7B	29.7B
Non Current Liabilities Total	627.2B	516.1B	575.2B	511.4B	433.1B	406.9B
Non Current Liabilities Other	12.8B	10.9B	8.8B	7.6B	153.3B	161.0B
Net Debt	380.3B	250.3B	203.7B	147.6B	132.8B	219.5B
Net Invested Capital	1.7T	1.6T	1.6T	1.7T	1.6T	1.3T
Net Working Capital	(194.5B)	(118.7B)	(37.3B)	(10.4B)	(30.5B)	(32.0B)

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Other Information on Investing in PetroChina Stock

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

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PetroChina Intangible Assets vs Good Will Analysis

Intangible Assets vs Good Will

Intangible Assets vs Good Will Correlation Analysis

Correlation Coefficient

Intangible Assets

Good Will

PetroChina fundamental ratios Correlations

PetroChina Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PetroChina fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in PetroChina Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Common Stock	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Common Stock	+ 1.0	Total Stockholder Equity
Common Stock	+ 1.0	Net Tangible Assets

Good Will	- 0.97	Long Term Investments
Other Current Liab	- 0.95	Other Stockholder Equity
Good Will	- 0.87	Deferred Long Term Liab
Other Current Liab	- 0.87	Accounts Payable
Other Current Liab	- 0.83	Cash
Good Will	- 0.82	Cash