China Good Will vs Long Term Investments Analysis

601881 Stock

15.80 0.03 0.19%

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

Good Will vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Galaxy Securities Good Will account and Long Term Investments. At this time, the significance of the direction appears to have almost identical trend.

The correlation between China Galaxy's Good Will and Long Term Investments is 0.96. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of China Galaxy Securities, assuming nothing else is changed. The correlation between historical values of China Galaxy's Good Will and Long Term Investments 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 Galaxy Securities are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Good Will i.e., China Galaxy's Good Will and Long Term Investments go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very 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.

Long Term Investments

Long Term Investments is an item on the asset side of China Galaxy balance sheet that represents investments China Galaxy Securities intends to hold for over a year. China Galaxy Securities long term investments may include different instruments such as stocks, bonds, real estate and cash.

Most indicators from China Galaxy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Galaxy Securities 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 Galaxy Securities. 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 December 26, 2024, Selling General Administrative is expected to decline to about 1.2 B. In addition to that, Tax Provision is expected to decline to about 237.2 M

	2023	2024 (projected)
Gross Profit	15.2B	12.3B
Total Revenue	18.6B	19.0B

Gross Profit Total Revenue

China Galaxy 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	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	Net Debt	Common Stock Shares Outstanding
Total Assets		0.85	0.97	0.95	0.88	0.96	0.72	0.76	0.78	0.73	0.6	0.91	0.96	0.63	0.81	0.91	1.0	0.96	0.77	0.99	0.77	0.97	0.7	0.87	0.64	0.46
Other Current Liab	0.85		0.78	0.87	0.98	0.84	0.59	0.56	0.71	0.72	0.51	0.69	0.83	0.49	0.64	0.96	0.84	0.85	0.66	0.81	0.66	0.86	0.82	0.91	0.84	0.8
Total Current Liabilities	0.97	0.78		0.89	0.79	0.89	0.61	0.82	0.78	0.72	0.49	0.93	0.9	0.53	0.85	0.83	0.98	0.89	0.72	0.99	0.72	0.91	0.63	0.8	0.6	0.41
Total Stockholder Equity	0.95	0.87	0.89		0.89	0.99	0.66	0.52	0.65	0.71	0.74	0.8	0.94	0.75	0.75	0.91	0.93	0.98	0.88	0.93	0.88	0.98	0.87	0.89	0.72	0.58
Other Liab	0.88	0.98	0.79	0.89		0.87	0.65	0.6	0.73	0.67	0.53	0.74	0.88	0.51	0.61	0.99	0.87	0.86	0.66	0.84	0.66	0.89	0.79	0.91	0.75	0.75
Net Tangible Assets	0.96	0.84	0.89	0.99	0.87		0.73	0.54	0.65	0.71	0.76	0.81	0.96	0.78	0.76	0.9	0.94	0.99	0.88	0.93	0.88	0.99	0.82	0.88	0.68	0.49
Retained Earnings	0.72	0.59	0.61	0.66	0.65	0.73		0.48	0.4	0.61	0.62	0.59	0.79	0.65	0.6	0.72	0.73	0.78	0.62	0.63	0.62	0.76	0.41	0.73	0.46	0.14
Accounts Payable	0.76	0.56	0.82	0.52	0.6	0.54	0.48		0.79	0.5	0.0	0.87	0.66	0.06	0.66	0.65	0.79	0.55	0.26	0.78	0.26	0.61	0.16	0.54	0.27	0.2
Cash	0.78	0.71	0.78	0.65	0.73	0.65	0.4	0.79		0.54	0.14	0.75	0.68	0.14	0.66	0.71	0.79	0.65	0.32	0.79	0.32	0.65	0.37	0.48	0.32	0.35
Other Assets	0.73	0.72	0.72	0.71	0.67	0.71	0.61	0.5	0.54		0.54	0.67	0.6	0.54	0.92	0.71	0.72	0.74	0.66	0.69	0.66	0.69	0.67	0.71	0.63	0.55
Long Term Debt	0.6	0.51	0.49	0.74	0.53	0.76	0.62	0.0	0.14	0.54		0.42	0.64	0.99	0.45	0.56	0.56	0.74	0.81	0.56	0.81	0.71	0.77	0.64	0.54	0.31
Net Receivables	0.91	0.69	0.93	0.8	0.74	0.81	0.59	0.87	0.75	0.67	0.42		0.83	0.44	0.81	0.8	0.92	0.78	0.56	0.92	0.56	0.82	0.52	0.72	0.4	0.37
Good Will	0.96	0.83	0.9	0.94	0.88	0.96	0.79	0.66	0.68	0.6	0.64	0.83		0.67	0.68	0.91	0.96	0.96	0.79	0.94	0.79	0.98	0.69	0.88	0.63	0.41
Short Term Investments	0.63	0.49	0.53	0.75	0.51	0.78	0.65	0.06	0.14	0.54	0.99	0.44	0.67		0.49	0.56	0.6	0.76	0.86	0.6	0.86	0.74	0.74	0.64	0.53	0.25
Other Current Assets	0.81	0.64	0.85	0.75	0.61	0.76	0.6	0.66	0.66	0.92	0.45	0.81	0.68	0.49		0.67	0.81	0.78	0.67	0.8	0.67	0.74	0.55	0.65	0.48	0.34
Other Stockholder Equity	0.91	0.96	0.83	0.91	0.99	0.9	0.72	0.65	0.71	0.71	0.56	0.8	0.91	0.56	0.67		0.91	0.89	0.71	0.87	0.71	0.92	0.78	0.93	0.72	0.71
Total Liab	1.0	0.84	0.98	0.93	0.87	0.94	0.73	0.79	0.79	0.72	0.56	0.92	0.96	0.6	0.81	0.91		0.94	0.74	0.99	0.74	0.96	0.66	0.85	0.62	0.44
Long Term Investments	0.96	0.85	0.89	0.98	0.86	0.99	0.78	0.55	0.65	0.74	0.74	0.78	0.96	0.76	0.78	0.89	0.94		0.88	0.92	0.88	0.99	0.79	0.89	0.7	0.47
Short Long Term Debt	0.77	0.66	0.72	0.88	0.66	0.88	0.62	0.26	0.32	0.66	0.81	0.56	0.79	0.86	0.67	0.71	0.74	0.88		0.76	1.0	0.86	0.83	0.79	0.68	0.44
Total Current Assets	0.99	0.81	0.99	0.93	0.84	0.93	0.63	0.78	0.79	0.69	0.56	0.92	0.94	0.6	0.8	0.87	0.99	0.92	0.76		0.76	0.95	0.68	0.82	0.6	0.44
Short Term Debt	0.77	0.66	0.72	0.88	0.66	0.88	0.62	0.26	0.32	0.66	0.81	0.56	0.79	0.86	0.67	0.71	0.74	0.88	1.0	0.76		0.86	0.83	0.79	0.68	0.44
Intangible Assets	0.97	0.86	0.91	0.98	0.89	0.99	0.76	0.61	0.65	0.69	0.71	0.82	0.98	0.74	0.74	0.92	0.96	0.99	0.86	0.95	0.86		0.79	0.92	0.71	0.5
Common Stock	0.7	0.82	0.63	0.87	0.79	0.82	0.41	0.16	0.37	0.67	0.77	0.52	0.69	0.74	0.55	0.78	0.66	0.79	0.83	0.68	0.83	0.79		0.82	0.8	0.81
Property Plant Equipment	0.87	0.91	0.8	0.89	0.91	0.88	0.73	0.54	0.48	0.71	0.64	0.72	0.88	0.64	0.65	0.93	0.85	0.89	0.79	0.82	0.79	0.92	0.82		0.86	0.69
Net Debt	0.64	0.84	0.6	0.72	0.75	0.68	0.46	0.27	0.32	0.63	0.54	0.4	0.63	0.53	0.48	0.72	0.62	0.7	0.68	0.6	0.68	0.71	0.8	0.86		0.75
Common Stock Shares Outstanding	0.46	0.8	0.41	0.58	0.75	0.49	0.14	0.2	0.35	0.55	0.31	0.37	0.41	0.25	0.34	0.71	0.44	0.47	0.44	0.44	0.44	0.5	0.81	0.69	0.75

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China Galaxy Account Relationship Matchups

High Positive Relationship

Total Liab	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Short Long Term Debt
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Current Liabilities
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Other Stockholder Equity	+ 0.99	Other Liab

High Negative Relationship

Long Term Debt

- 0.0

Accounts Payable

China Galaxy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	315.7B	445.7B	560.1B	625.2B	663.2B	447.7B
Other Current Liab	3.1B	8.5B	16.6B	33.6B	38.7B	40.6B
Total Current Liabilities	209.6B	305.2B	331.1B	374.9B	431.1B	256.3B
Total Stockholder Equity	70.9B	81.3B	99.0B	102.6B	130.5B	89.2B
Other Liab	780.6M	6.4B	24.9B	30.1B	34.6B	36.3B
Net Tangible Assets	70.0B	80.3B	97.2B	100.8B	115.9B	81.3B
Retained Earnings	34.9B	40.6B	48.1B	51.6B	30.3B	38.8B
Accounts Payable	76.7B	114.4B	133.7B	137.6B	120.3B	107.9B
Cash	22.0B	109.5B	129.9B	176.1B	166.6B	116.8B
Other Assets	1.7B	49.6B	9.3B	28.4B	32.7B	34.3B
Net Receivables	64.5B	94.8B	108.3B	94.8B	109.0B	83.5B
Good Will	439.5M	426.5M	1.0B	1.0B	1.0B	592.4M
Other Current Assets	24.8B	76.0B	44.0B	55.9B	64.3B	40.9B
Other Stockholder Equity	802.5M	5.3B	15.7B	15.8B	18.2B	19.1B
Total Liab	243.7B	363.7B	461.2B	522.6B	532.7B	358.1B
Long Term Investments	123.0B	186.6B	258.8B	325.0B	359.7B	185.1B
Total Current Assets	260.3B	349.4B	425.9B	461.5B	530.8B	327.8B
Intangible Assets	493.5M	525.1M	704.8M	750.3M	820.5M	585.4M
Property Plant Equipment	1.7B	1.3B	2.0B	2.3B	2.6B	2.7B
Net Debt	65.4B	28.0B	9.5B	74.0B	85.1B	89.3B
Net Invested Capital	166.5B	218.8B	238.4B	255.0B	274.4B	230.9B

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Other Information on Investing in China Stock

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