Chongqing Good Will vs Total Stockholder Equity Analysis

000625 Stock

13.62 0.25 1.80%

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

Good Will vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Changan Good Will account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.

The correlation between Chongqing Changan's Good Will and Total Stockholder Equity is 0.62. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Chongqing Changan Automobile, assuming nothing else is changed. The correlation between historical values of Chongqing Changan's Good Will and Total Stockholder Equity 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 Chongqing Changan Automobile are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Good Will i.e., Chongqing Changan's Good Will and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.62

Relationship Direction	Positive
Relationship Strength	Significant

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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.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from Chongqing Changan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Changan 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 Chongqing Changan Automobile. 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 1.1 B, whereas Selling General Administrative is forecasted to decline to about 5 B.

	2021	2022	2023	2024 (projected)
Gross Profit	17.5B	24.8B	27.8B	17.1B
Research Development	3.5B	4.3B	6.0B	3.5B

Gross Profit Research Development

Chongqing Changan fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.43	1.0	0.98	0.15	0.95	0.99	0.94	0.9	-0.37	-0.18	0.83	0.85	0.99	0.9	0.91	0.53	-0.16	0.72	0.86	0.83	-0.8	-0.75	0.79	0.76	-0.74
Other Current Liab	0.43		0.45	0.44	0.29	0.42	0.36	0.43	0.46	0.08	-0.09	0.21	0.03	0.42	0.05	0.41	0.51	0.04	-0.14	0.39	0.25	-0.32	0.14	0.4	-0.02	-0.4
Total Current Liabilities	1.0	0.45		0.97	0.12	0.93	0.99	0.96	0.9	-0.35	-0.21	0.85	0.84	1.0	0.89	0.92	0.48	-0.19	0.73	0.85	0.84	-0.76	-0.74	0.81	0.72	-0.75
Total Stockholder Equity	0.98	0.44	0.97		0.23	0.99	0.96	0.9	0.86	-0.46	-0.1	0.73	0.78	0.96	0.85	0.85	0.63	-0.11	0.62	0.87	0.77	-0.85	-0.67	0.74	0.76	-0.73
Other Liab	0.15	0.29	0.12	0.23		0.32	0.11	-0.12	0.19	-0.13	0.8	-0.01	0.03	0.11	0.04	-0.03	0.71	0.76	-0.19	-0.02	-0.24	-0.04	0.1	-0.2	0.1	0.22
Retained Earnings	0.95	0.42	0.93	0.99	0.32		0.92	0.84	0.8	-0.55	0.02	0.67	0.74	0.92	0.8	0.77	0.67	0.0	0.54	0.84	0.69	-0.83	-0.62	0.67	0.72	-0.68
Accounts Payable	0.99	0.36	0.99	0.96	0.11	0.92		0.95	0.89	-0.36	-0.19	0.88	0.88	1.0	0.92	0.91	0.44	-0.18	0.78	0.84	0.85	-0.74	-0.8	0.8	0.75	-0.74
Cash	0.94	0.43	0.96	0.9	-0.12	0.84	0.95		0.83	-0.34	-0.44	0.8	0.82	0.95	0.83	0.92	0.29	-0.42	0.73	0.89	0.9	-0.75	-0.72	0.89	0.66	-0.84
Other Assets	0.9	0.46	0.9	0.86	0.19	0.8	0.89	0.83		-0.07	-0.21	0.82	0.75	0.91	0.79	0.91	0.49	-0.23	0.67	0.75	0.79	-0.66	-0.67	0.71	0.65	-0.62
Long Term Debt	-0.37	0.08	-0.35	-0.46	-0.13	-0.55	-0.36	-0.34	-0.07		-0.23	-0.04	-0.3	-0.31	-0.33	-0.07	-0.29	-0.09	-0.09	-0.44	-0.15	0.45	0.22	-0.25	-0.33	0.33
Net Receivables	-0.18	-0.09	-0.21	-0.1	0.8	0.02	-0.19	-0.44	-0.21	-0.23		-0.24	-0.27	-0.22	-0.22	-0.42	0.36	0.89	-0.39	-0.37	-0.56	0.32	0.25	-0.51	-0.22	0.48
Inventory	0.83	0.21	0.85	0.73	-0.01	0.67	0.88	0.8	0.82	-0.04	-0.24		0.86	0.88	0.87	0.84	0.18	-0.18	0.87	0.59	0.75	-0.45	-0.81	0.66	0.64	-0.52
Other Current Assets	0.85	0.03	0.84	0.78	0.03	0.74	0.88	0.82	0.75	-0.3	-0.27	0.86		0.87	0.97	0.83	0.25	-0.26	0.93	0.71	0.81	-0.65	-0.91	0.69	0.84	-0.58
Total Liab	0.99	0.42	1.0	0.96	0.11	0.92	1.0	0.95	0.91	-0.31	-0.22	0.88	0.87		0.91	0.93	0.46	-0.19	0.77	0.84	0.85	-0.75	-0.77	0.8	0.74	-0.74
Intangible Assets	0.9	0.05	0.89	0.85	0.04	0.8	0.92	0.83	0.79	-0.33	-0.22	0.87	0.97	0.91		0.85	0.33	-0.22	0.93	0.74	0.84	-0.71	-0.91	0.69	0.88	-0.58
Common Stock	0.91	0.41	0.92	0.85	-0.03	0.77	0.91	0.92	0.91	-0.07	-0.42	0.84	0.83	0.93	0.85		0.3	-0.38	0.79	0.81	0.95	-0.68	-0.76	0.83	0.69	-0.7
Property Plant Equipment	0.53	0.51	0.48	0.63	0.71	0.67	0.44	0.29	0.49	-0.29	0.36	0.18	0.25	0.46	0.33	0.3		0.34	0.01	0.51	0.13	-0.61	-0.02	0.26	0.52	-0.24
Short Term Investments	-0.16	0.04	-0.19	-0.11	0.76	0.0	-0.18	-0.42	-0.23	-0.09	0.89	-0.18	-0.26	-0.19	-0.22	-0.38	0.34		-0.36	-0.38	-0.51	0.33	0.27	-0.49	-0.22	0.48
Good Will	0.72	-0.14	0.73	0.62	-0.19	0.54	0.78	0.73	0.67	-0.09	-0.39	0.87	0.93	0.77	0.93	0.79	0.01	-0.36		0.58	0.82	-0.49	-0.92	0.64	0.77	-0.49
Net Tangible Assets	0.86	0.39	0.85	0.87	-0.02	0.84	0.84	0.89	0.75	-0.44	-0.37	0.59	0.71	0.84	0.74	0.81	0.51	-0.38	0.58		0.81	-0.84	-0.51	0.93	0.77	-0.81
Other Stockholder Equity	0.83	0.25	0.84	0.77	-0.24	0.69	0.85	0.9	0.79	-0.15	-0.56	0.75	0.81	0.85	0.84	0.95	0.13	-0.51	0.82	0.81		-0.68	-0.76	0.84	0.71	-0.68
Deferred Long Term Liab	-0.8	-0.32	-0.76	-0.85	-0.04	-0.83	-0.74	-0.75	-0.66	0.45	0.32	-0.45	-0.65	-0.75	-0.71	-0.68	-0.61	0.33	-0.49	-0.84	-0.68		0.53	-0.65	-0.8	0.76
Long Term Investments	-0.75	0.14	-0.74	-0.67	0.1	-0.62	-0.8	-0.72	-0.67	0.22	0.25	-0.81	-0.91	-0.77	-0.91	-0.76	-0.02	0.27	-0.92	-0.51	-0.76	0.53		-0.51	-0.67	0.55
Total Current Assets	0.79	0.4	0.81	0.74	-0.2	0.67	0.8	0.89	0.71	-0.25	-0.51	0.66	0.69	0.8	0.69	0.83	0.26	-0.49	0.64	0.93	0.84	-0.65	-0.51		0.63	-0.79
Non Current Assets Total	0.76	-0.02	0.72	0.76	0.1	0.72	0.75	0.66	0.65	-0.33	-0.22	0.64	0.84	0.74	0.88	0.69	0.52	-0.22	0.77	0.77	0.71	-0.8	-0.67	0.63		-0.47
Non Currrent Assets Other	-0.74	-0.4	-0.75	-0.73	0.22	-0.68	-0.74	-0.84	-0.62	0.33	0.48	-0.52	-0.58	-0.74	-0.58	-0.7	-0.24	0.48	-0.49	-0.81	-0.68	0.76	0.55	-0.79	-0.47

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Chongqing Changan Account Relationship Matchups

Chongqing Changan fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	97.6B	120.9B	135.4B	146.0B	190.2B	199.7B
Other Current Liab	9.9B	11.3B	17.4B	16.2B	8.9B	7.7B
Total Current Liabilities	49.2B	62.6B	76.1B	79.9B	103.2B	108.4B
Total Stockholder Equity	44.0B	53.4B	55.7B	62.9B	71.9B	75.4B
Other Liab	4.4B	1.2B	2.8B	2.1B	2.4B	1.7B
Retained Earnings	33.7B	37.0B	38.9B	44.9B	49.6B	52.1B
Accounts Payable	32.3B	40.7B	47.9B	51.5B	75.7B	79.5B
Cash	10.1B	32.0B	52.0B	53.5B	64.9B	68.1B
Other Assets	2.4B	2.7B	3.0B	3.8B	4.4B	4.6B
Long Term Debt	912.7M	955.3M	600M	1.0B	1.1B	1.0B
Net Receivables	31.7B	2.1B	1.7B	3.1B	2.4B	2.3B
Inventory	3.4B	6.0B	6.9B	5.8B	13.5B	14.1B
Other Current Assets	2.1B	1.3B	4.5B	1.6B	9.7B	10.2B
Total Liab	53.7B	67.4B	79.5B	83.1B	115.5B	121.3B
Intangible Assets	6.0B	5.5B	5.1B	5.2B	17.3B	18.2B
Property Plant Equipment	28.7B	25.3B	22.9B	20.8B	24.0B	14.0B
Net Tangible Assets	38.8B	48.9B	51.3B	58.4B	67.2B	48.7B
Other Stockholder Equity	614.8M	685.6M	1.1B	2.2B	2.5B	2.6B
Deferred Long Term Liab	829.1M	607.2M	742.6M	749.6M	674.6M	681.1M
Total Current Assets	49.6B	72.9B	91.1B	102.1B	130.9B	81.9B
Non Current Assets Total	48.0B	48.0B	44.3B	44.0B	59.2B	51.9B
Non Currrent Assets Other	(4.7K)	50.3B	48.0B	450M	405M	384.8M
Non Current Liabilities Total	4.4B	4.8B	3.4B	3.2B	12.2B	12.9B
Short Long Term Debt	229.6M	578M	19M	29M	30.0M	28.5M
Net Invested Capital	44.3B	54.9B	56.4B	63.9B	73.0B	60.8B
Net Working Capital	373.4M	10.3B	15.0B	22.1B	27.7B	29.1B

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

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Chongqing Good Will vs Total Stockholder Equity Analysis

Good Will vs Total Stockholder Equity

Good Will vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Good Will

Total Stockholder Equity

Chongqing Changan fundamental ratios Correlations

Chongqing Changan Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chongqing Changan fundamental ratios Accounts

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Total Current Liabilities	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Accounts Payable
Accounts Payable	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities

Long Term Investments	- 0.92	Good Will
Long Term Investments	- 0.91	Intangible Assets
Long Term Investments	- 0.91	Other Current Assets
Deferred Long Term Liab	- 0.85	Total Stockholder Equity
Deferred Long Term Liab	- 0.84	Net Tangible Assets
Non Currrent Assets Other	- 0.84	Cash