Jiangsu Non Currrent Assets Other vs Long Term Investments Analysis

603688 Stock   29.08  0.41  1.39%   
Jiangsu Pacific financial indicator trend analysis is infinitely more than just investigating Jiangsu Pacific Quartz recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangsu Pacific Quartz is a good investment. Please check the relationship between Jiangsu Pacific Non Currrent Assets Other and its Long Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangsu Pacific Quartz. 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.

Non Currrent Assets Other vs Long Term Investments

Non Currrent Assets Other vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiangsu Pacific Quartz Non Currrent Assets Other account and Long Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between Jiangsu Pacific's Non Currrent Assets Other and Long Term Investments is 0.36. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Jiangsu Pacific Quartz, assuming nothing else is changed. The correlation between historical values of Jiangsu Pacific's Non Currrent Assets Other 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 Non Currrent Assets Other of Jiangsu Pacific Quartz 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 Non Currrent Assets Other i.e., Jiangsu Pacific's Non Currrent Assets Other and Long Term Investments go up and down completely randomly.

Correlation Coefficient

0.36
Relationship DirectionPositive 
Relationship StrengthVery Weak

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Long Term Investments

Long Term Investments is an item on the asset side of Jiangsu Pacific balance sheet that represents investments Jiangsu Pacific Quartz intends to hold for over a year. Jiangsu Pacific Quartz long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Jiangsu Pacific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangsu Pacific Quartz 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 Jiangsu Pacific Quartz. 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 Tax Provision is expected to grow to about 913.3 M, whereas Selling General Administrative is forecasted to decline to about 35.5 M.
 2021 2022 2023 2024 (projected)
Operating Income295.1M1.2B5.9B6.2B
Total Revenue960.7M2.0B7.2B7.5B

Jiangsu Pacific fundamental ratios Correlations

0.220.991.01.01.00.960.880.960.980.980.970.960.560.910.020.640.740.90.49-0.910.99-0.910.830.370.07
0.220.280.210.20.20.040.460.110.310.150.250.340.320.43-0.070.50.580.190.350.010.170.010.430.97-0.04
0.990.280.990.990.990.960.890.940.960.990.950.930.490.88-0.040.620.730.880.42-0.910.99-0.910.820.43-0.03
1.00.210.991.01.00.960.880.960.980.980.970.960.560.910.020.630.730.890.48-0.910.99-0.910.830.370.05
1.00.20.991.01.00.970.880.960.970.990.960.940.520.89-0.010.620.720.890.44-0.921.0-0.920.820.360.02
1.00.20.991.01.00.970.870.960.970.990.960.950.540.89-0.010.610.720.880.47-0.910.99-0.910.820.360.02
0.960.040.960.960.970.970.80.930.90.980.90.860.380.77-0.10.520.60.860.3-0.940.98-0.940.720.21-0.06
0.880.460.890.880.880.870.80.860.870.850.820.850.510.840.120.590.740.750.38-0.740.86-0.740.770.62-0.13
0.960.110.940.960.960.960.930.860.90.940.920.890.570.870.240.460.630.810.46-0.890.95-0.890.750.280.03
0.980.310.960.980.970.970.90.870.90.940.970.990.630.95-0.020.730.810.90.58-0.840.96-0.840.870.440.15
0.980.150.990.980.990.990.980.850.940.940.950.90.430.83-0.060.590.670.90.36-0.931.0-0.930.780.310.0
0.970.250.950.970.960.960.90.820.920.970.950.950.620.930.050.70.750.940.58-0.850.96-0.850.840.360.28
0.960.340.930.960.940.950.860.850.890.990.90.950.70.970.030.730.820.860.66-0.80.93-0.80.880.460.18
0.560.320.490.560.520.540.380.510.570.630.430.620.70.780.460.590.750.470.95-0.250.48-0.250.760.370.44
0.910.430.880.910.890.890.770.840.870.950.830.930.970.780.180.720.830.810.73-0.710.86-0.710.870.530.26
0.02-0.07-0.040.02-0.01-0.01-0.10.120.24-0.02-0.060.050.030.460.18-0.23-0.01-0.130.340.06-0.040.060.02-0.080.26
0.640.50.620.630.620.610.520.590.460.730.590.70.730.590.72-0.230.910.710.63-0.320.61-0.320.880.530.33
0.740.580.730.730.720.720.60.740.630.810.670.750.820.750.83-0.010.910.680.74-0.390.7-0.390.980.680.15
0.90.190.880.890.890.880.860.750.810.90.90.940.860.470.81-0.130.710.680.44-0.810.9-0.810.760.290.31
0.490.350.420.480.440.470.30.380.460.580.360.580.660.950.730.340.630.740.44-0.170.41-0.170.740.360.55
-0.910.01-0.91-0.91-0.92-0.91-0.94-0.74-0.89-0.84-0.93-0.85-0.8-0.25-0.710.06-0.32-0.39-0.81-0.17-0.931.0-0.53-0.140.05
0.990.170.990.991.00.990.980.860.950.961.00.960.930.480.86-0.040.610.70.90.41-0.93-0.930.80.330.03
-0.910.01-0.91-0.91-0.92-0.91-0.94-0.74-0.89-0.84-0.93-0.85-0.8-0.25-0.710.06-0.32-0.39-0.81-0.171.0-0.93-0.53-0.140.05
0.830.430.820.830.820.820.720.770.750.870.780.840.880.760.870.020.880.980.760.74-0.530.8-0.530.550.16
0.370.970.430.370.360.360.210.620.280.440.310.360.460.370.53-0.080.530.680.290.36-0.140.33-0.140.55-0.19
0.07-0.04-0.030.050.020.02-0.06-0.130.030.150.00.280.180.440.260.260.330.150.310.550.050.030.050.16-0.19
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Jiangsu Pacific Account Relationship Matchups

Jiangsu Pacific fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B2.2B2.4B3.7B8.4B8.8B
Other Current Liab15.5M14.8M28.9M198.5M20.3M31.4M
Total Current Liabilities82.4M91.8M129.4M368.9M783.1M822.3M
Total Stockholder Equity1.5B1.9B2.2B3.3B7.5B7.9B
Retained Earnings722.9M860.5M1.1B2.0B5.6B5.8B
Accounts Payable55.2M65.2M83.1M122.4M292.2M306.9M
Cash168.2M381.9M189.3M454.2M2.6B2.8B
Other Assets6.1M11.6M29.7M97.6M112.3M117.9M
Net Receivables238.3M139.4M202.0M269.4M674.3M708.0M
Inventory219.6M305.7M359.7M447.1M748.4M785.8M
Other Current Assets49.3M29.1M46.1M124.0M426.9M448.3M
Total Liab399.4M226.9M266.5M401.1M827.5M868.8M
Intangible Assets48.3M76.2M78.1M97.8M149.7M157.1M
Property Plant Equipment611.7M635.7M723.5M918.8M1.1B1.1B
Other Liab21.5M27.0M23.4M32.2M37.0M20.3M
Net Tangible Assets1.5B1.9B2.1B3.1B3.6B1.8B
Short Term Investments520M300M382.9M445.7M858.2M901.1M
Total Current Assets1.2B1.3B1.5B2.3B6.4B6.7B
Non Current Assets Total742.7M870.0M977.4M1.4B2.0B1.1B
Non Currrent Assets Other3.8M9.2M20.0M86.7M27.6M26.6M
Non Current Liabilities Total317.0M135.1M137.1M32.2M44.3M42.1M
Net Invested Capital1.8B2.1B2.3B3.3B7.5B7.9B
Net Working Capital1.1B1.2B1.3B2.0B5.6B5.9B

Currently Active Assets on Macroaxis

Other Information on Investing in Jiangsu Stock

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