Changchun Total Revenue vs Net Receivables Analysis

000661 Stock   108.30  1.15  1.07%   
Changchun High financial indicator trend analysis is way more than just evaluating Changchun High New prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changchun High New is a good investment. Please check the relationship between Changchun High Total Revenue and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Changchun High New. 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 Revenue vs Net Receivables

Total Revenue vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changchun High New Total Revenue account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Changchun High's Total Revenue and Net Receivables is 0.98. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Changchun High New, assuming nothing else is changed. The correlation between historical values of Changchun High's Total Revenue and Net Receivables 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 Revenue of Changchun High New are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Revenue i.e., Changchun High's Total Revenue and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Revenue

Total revenue comprises all receipts Changchun High New 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.

Net Receivables

Most indicators from Changchun High's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changchun High New 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 Changchun High New. 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 3.2 B, whereas Tax Provision is forecasted to decline to about 528.1 M.
 2021 2022 2023 2024 (projected)
Operating Income4.8B5.1B5.8B6.1B
Total Revenue10.7B12.6B14.6B15.3B

Changchun High fundamental ratios Correlations

0.750.971.00.980.990.730.830.310.971.00.980.950.33-0.990.990.990.990.990.980.990.750.850.95-0.04-0.09
0.750.780.760.790.760.480.390.450.710.750.730.59-0.25-0.740.760.720.720.720.720.710.560.70.560.01-0.02
0.970.780.950.920.940.730.80.360.990.980.90.90.39-0.970.920.930.960.960.970.950.850.860.90.030.07
1.00.760.950.991.00.70.810.320.950.990.990.950.3-0.980.990.990.990.990.970.980.730.860.94-0.03-0.11
0.980.790.920.990.990.620.730.30.910.970.990.920.19-0.971.00.980.980.970.930.950.640.870.89-0.01-0.19
0.990.760.941.00.990.70.810.270.940.980.990.950.27-0.971.00.990.980.980.960.980.680.850.93-0.05-0.15
0.730.480.730.70.620.70.92-0.050.80.740.640.740.5-0.690.660.680.70.70.820.760.720.420.78-0.040.06
0.830.390.80.810.730.810.920.00.880.840.780.890.68-0.810.770.80.830.830.880.860.740.560.91-0.090.0
0.310.450.360.320.30.27-0.050.00.280.340.260.11-0.03-0.310.280.270.270.270.220.280.550.240.2-0.30.06
0.970.710.990.950.910.940.80.880.280.980.910.930.48-0.960.920.940.970.970.980.970.860.820.940.00.05
1.00.750.980.990.970.980.740.840.340.980.960.950.38-0.990.970.980.990.990.980.990.80.850.95-0.03-0.04
0.980.730.90.990.990.990.640.780.260.910.960.950.24-0.951.00.980.970.970.930.970.620.850.93-0.09-0.16
0.950.590.90.950.920.950.740.890.110.930.950.950.45-0.920.940.930.960.950.960.950.670.850.990.0-0.01
0.33-0.250.390.30.190.270.50.68-0.030.480.380.240.45-0.350.230.310.370.370.40.390.590.170.51-0.080.25
-0.99-0.74-0.97-0.98-0.97-0.97-0.69-0.81-0.31-0.96-0.99-0.95-0.92-0.35-0.97-0.98-0.99-0.99-0.95-0.96-0.77-0.86-0.9-0.050.14
0.990.760.920.991.01.00.660.770.280.920.971.00.940.23-0.970.980.980.980.940.970.650.870.92-0.03-0.16
0.990.720.930.990.980.990.680.80.270.940.980.980.930.31-0.980.980.980.980.930.980.690.830.91-0.05-0.19
0.990.720.960.990.980.980.70.830.270.970.990.970.960.37-0.990.980.981.00.970.970.740.880.940.04-0.12
0.990.720.960.990.970.980.70.830.270.970.990.970.950.37-0.990.980.981.00.970.970.750.880.930.06-0.12
0.980.720.970.970.930.960.820.880.220.980.980.930.960.4-0.950.940.930.970.970.960.790.840.960.030.02
0.990.710.950.980.950.980.760.860.280.970.990.970.950.39-0.960.970.980.970.970.960.760.790.95-0.14-0.02
0.750.560.850.730.640.680.720.740.550.860.80.620.670.59-0.770.650.690.740.750.790.760.560.73-0.060.21
0.850.70.860.860.870.850.420.560.240.820.850.850.850.17-0.860.870.830.880.880.840.790.560.790.330.01
0.950.560.90.940.890.930.780.910.20.940.950.930.990.51-0.90.920.910.940.930.960.950.730.79-0.110.06
-0.040.010.03-0.03-0.01-0.05-0.04-0.09-0.30.0-0.03-0.090.0-0.08-0.05-0.03-0.050.040.060.03-0.14-0.060.33-0.11-0.13
-0.09-0.020.07-0.11-0.19-0.150.060.00.060.05-0.04-0.16-0.010.250.14-0.16-0.19-0.12-0.120.02-0.020.210.010.06-0.13
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Changchun High Account Relationship Matchups

Changchun High fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets12.7B16.8B22.5B26.0B30.7B32.3B
Other Current Liab1.2B556.0M322.8M2.3B2.6B2.7B
Total Current Liabilities3.2B3.5B3.8B3.8B4.8B5.0B
Total Stockholder Equity8.1B10.9B14.6B18.0B22.1B23.2B
Property Plant And Equipment Net2.4B2.7B4.4B5.6B7.7B8.1B
Non Current Assets Total4.0B5.8B8.5B10.7B12.6B13.2B
Non Currrent Assets Other665.9M703.2M840.8M1.3B424.4M445.6M
Liabilities And Stockholders Equity12.7B16.8B22.5B26.0B30.7B32.3B
Non Current Liabilities Total696.9M1.1B1.5B1.4B791.8M831.3M
Other Current Assets190.2M175.5M126.8M175.0M819.2M860.1M
Total Liab3.9B4.5B5.3B5.2B5.6B5.9B
Total Current Assets8.7B11.1B14.0B15.3B18.2B19.1B
Intangible Assets451.0M1.2B1.8B2.2B2.9B3.0B
Short Long Term Debt Total583.0M1.4B1.5B1.4B1.7B1.8B
Current Deferred Revenue1.2B1.9B2.5B548.2M375.1M479.3M
Net Debt(3.2B)(2.5B)(4.2B)(4.1B)(5.9B)(5.6B)
Retained Earnings4.2B6.9B10.0B13.4B17.1B18.0B
Accounts Payable300.6M313.9M623.8M628.5M790.6M830.2M
Cash3.7B4.0B5.7B5.6B7.6B8.0B
Cash And Short Term Investments3.9B4.0B5.7B5.6B7.6B8.0B
Net Receivables2.9B3.9B3.8B4.9B4.8B5.0B
Inventory1.8B3.0B4.4B4.7B5.0B5.2B
Other Stockholder Equity3.0B2.8B3.0B2.7B2.5B2.6B
Short Term Debt515.4M660.4M332.2M318.5M1.0B1.1B
Short Term Investments215.9M10.3M(129.3M)(93.4M)10.0M10.5M
Other Assets426.5M683.6M1.01.0B1.151.09
Other Liab161.5M179.3M274.4M297.1M341.7M358.8M
Long Term Debt67.6M779.4M1.2B1.1B626.6M658.0M
Property Plant Equipment1.7B2.4B2.7B4.4B5.0B5.3B
Net Tangible Assets5.1B7.8B9.9B13.1B15.1B15.8B
Deferred Long Term Liab152.4M191.8M231.0M452.5M520.3M546.4M
Short Long Term Debt515M660M80M89M144.5M258.6M
Non Current Liabilities Other11.8M450M253.1K307.0K172.9K164.3K
Net Invested Capital8.7B12.4B15.8B19.2B22.8B14.0B
Net Working Capital5.5B7.6B10.3B11.5B13.4B8.7B

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Other Information on Investing in Changchun Stock

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