Ningbo Total Assets vs Other Current Assets Analysis

002124 Stock

3.12 0.01 0.32%

Ningbo Tech financial indicator trend analysis is infinitely more than just investigating Ningbo Tech Bank recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Tech Bank is a good investment. Please check the relationship between Ningbo Tech Total Assets and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Tech Bank Co. 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 Assets vs Other Current Assets

Total Assets vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Tech Bank Total Assets account and Other Current Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between Ningbo Tech's Total Assets and Other Current Assets is 0.38. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Ningbo Tech Bank Co, assuming nothing else is changed. The correlation between historical values of Ningbo Tech's Total Assets and Other Current Assets 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 Assets of Ningbo Tech Bank Co are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Assets i.e., Ningbo Tech's Total Assets and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Total Assets

Total assets refers to the total amount of Ningbo Tech assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ningbo Tech Bank books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Ningbo Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Tech Bank 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 Ningbo Tech Bank Co. 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 10, 2024, Selling General Administrative is expected to decline to about 229 M. In addition to that, Tax Provision is expected to decline to about 877.7 K

	2021	2023	2024 (projected)
Minority Interest	11.1M	5.7M	5.4M
Income Tax Expense	74.3M	85.4M	89.7M

Minority Interest Income Tax Expense

Ningbo Tech fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Other Liab	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		0.66	0.95	0.63	-0.52	0.91	0.88	0.39	-0.25	0.95	0.38	0.97	0.07	0.96	0.98	0.88	0.68	-0.5	0.8	0.72	0.64	0.63	-0.1	0.91	0.97	0.31
Other Current Liab	0.66		0.48	0.66	0.04	0.39	0.66	0.37	0.24	0.65	0.37	0.57	0.09	0.52	0.52	0.89	0.74	0.26	0.68	0.5	0.31	0.42	-0.26	0.72	0.73	0.36
Total Current Liabilities	0.95	0.48		0.38	-0.75	0.98	0.74	0.23	-0.4	0.86	0.14	0.99	-0.04	0.96	0.99	0.77	0.58	-0.67	0.83	0.53	0.78	0.48	-0.09	0.76	0.92	0.13
Total Stockholder Equity	0.63	0.66	0.38		0.31	0.31	0.81	0.72	0.18	0.77	0.88	0.41	0.43	0.53	0.48	0.66	0.44	0.05	0.24	0.95	-0.13	0.83	-0.02	0.87	0.58	0.73
Retained Earnings	-0.52	0.04	-0.75	0.31		-0.78	-0.19	0.26	0.56	-0.32	0.47	-0.71	0.32	-0.62	-0.67	-0.29	-0.28	0.76	-0.65	0.1	-0.86	0.05	0.0	-0.16	-0.52	0.38
Accounts Payable	0.91	0.39	0.98	0.31	-0.78		0.65	0.13	-0.5	0.82	0.09	0.97	-0.11	0.91	0.96	0.67	0.48	-0.71	0.81	0.48	0.81	0.41	-0.03	0.7	0.88	0.01
Cash	0.88	0.66	0.74	0.81	-0.19	0.65		0.57	-0.01	0.85	0.68	0.77	0.2	0.8	0.82	0.85	0.76	-0.34	0.58	0.86	0.32	0.71	-0.14	0.93	0.83	0.53
Other Assets	0.39	0.37	0.23	0.72	0.26	0.13	0.57		0.29	0.54	0.73	0.22	0.36	0.4	0.28	0.42	0.17	0.05	0.01	0.68	-0.3	0.75	-0.03	0.59	0.33	0.78
Net Receivables	-0.25	0.24	-0.4	0.18	0.56	-0.5	-0.01	0.29		-0.14	0.21	-0.35	0.38	-0.23	-0.35	0.03	0.19	0.56	-0.25	-0.05	-0.42	0.12	-0.13	-0.07	-0.25	0.26
Inventory	0.95	0.65	0.86	0.77	-0.32	0.82	0.85	0.54	-0.14		0.53	0.86	0.25	0.91	0.88	0.82	0.53	-0.41	0.64	0.83	0.41	0.79	-0.04	0.95	0.89	0.49
Other Current Assets	0.38	0.37	0.14	0.88	0.47	0.09	0.68	0.73	0.21	0.53		0.15	0.34	0.26	0.26	0.37	0.25	0.05	-0.06	0.87	-0.33	0.65	-0.1	0.68	0.31	0.69
Total Liab	0.97	0.57	0.99	0.41	-0.71	0.97	0.77	0.22	-0.35	0.86	0.15		-0.06	0.95	0.99	0.82	0.66	-0.6	0.87	0.53	0.79	0.47	-0.12	0.78	0.95	0.12
Intangible Assets	0.07	0.09	-0.04	0.43	0.32	-0.11	0.2	0.36	0.38	0.25	0.34	-0.06		0.15	-0.01	0.06	-0.06	0.09	-0.23	0.35	-0.41	0.55	0.23	0.21	-0.01	0.52
Common Stock	0.96	0.52	0.96	0.53	-0.62	0.91	0.8	0.4	-0.23	0.91	0.26	0.95	0.15		0.96	0.79	0.58	-0.61	0.73	0.64	0.62	0.69	0.0	0.82	0.9	0.31
Property Plant Equipment	0.98	0.52	0.99	0.48	-0.67	0.96	0.82	0.28	-0.35	0.88	0.26	0.99	-0.01	0.96		0.81	0.65	-0.64	0.81	0.63	0.73	0.55	-0.08	0.83	0.94	0.19
Long Term Debt	0.88	0.89	0.77	0.66	-0.29	0.67	0.85	0.42	0.03	0.82	0.37	0.82	0.06	0.79	0.81		0.84	-0.11	0.81	0.63	0.5	0.54	-0.31	0.87	0.92	0.42
Other Liab	0.68	0.74	0.58	0.44	-0.28	0.48	0.76	0.17	0.19	0.53	0.25	0.66	-0.06	0.58	0.65	0.84		-0.07	0.76	0.41	0.53	0.3	-0.2	0.63	0.73	0.08
Short Term Investments	-0.5	0.26	-0.67	0.05	0.76	-0.71	-0.34	0.05	0.56	-0.41	0.05	-0.6	0.09	-0.61	-0.64	-0.11	-0.07		-0.25	-0.22	-0.53	-0.24	-0.2	-0.26	-0.36	0.1
Good Will	0.8	0.68	0.83	0.24	-0.65	0.81	0.58	0.01	-0.25	0.64	-0.06	0.87	-0.23	0.73	0.81	0.81	0.76	-0.25		0.28	0.86	0.17	-0.18	0.61	0.9	-0.14
Net Tangible Assets	0.72	0.5	0.53	0.95	0.1	0.48	0.86	0.68	-0.05	0.83	0.87	0.53	0.35	0.64	0.63	0.63	0.41	-0.22	0.28		-0.01	0.84	-0.01	0.92	0.65	0.68
Other Stockholder Equity	0.64	0.31	0.78	-0.13	-0.86	0.81	0.32	-0.3	-0.42	0.41	-0.33	0.79	-0.41	0.62	0.73	0.5	0.53	-0.53	0.86	-0.01		-0.1	-0.12	0.31	0.68	-0.45
Deferred Long Term Liab	0.63	0.42	0.48	0.83	0.05	0.41	0.71	0.75	0.12	0.79	0.65	0.47	0.55	0.69	0.55	0.54	0.3	-0.24	0.17	0.84	-0.1		0.28	0.77	0.53	0.71
Long Term Investments	-0.1	-0.26	-0.09	-0.02	0.0	-0.03	-0.14	-0.03	-0.13	-0.04	-0.1	-0.12	0.23	0.0	-0.08	-0.31	-0.2	-0.2	-0.18	-0.01	-0.12	0.28		-0.15	-0.19	-0.27
Total Current Assets	0.91	0.72	0.76	0.87	-0.16	0.7	0.93	0.59	-0.07	0.95	0.68	0.78	0.21	0.82	0.83	0.87	0.63	-0.26	0.61	0.92	0.31	0.77	-0.15		0.88	0.56
Non Current Assets Total	0.97	0.73	0.92	0.58	-0.52	0.88	0.83	0.33	-0.25	0.89	0.31	0.95	-0.01	0.9	0.94	0.92	0.73	-0.36	0.9	0.65	0.68	0.53	-0.19	0.88		0.25
Non Currrent Assets Other	0.31	0.36	0.13	0.73	0.38	0.01	0.53	0.78	0.26	0.49	0.69	0.12	0.52	0.31	0.19	0.42	0.08	0.1	-0.14	0.68	-0.45	0.71	-0.27	0.56	0.25

Click cells to compare fundamentals

Ningbo Tech Account Relationship Matchups

Ningbo Tech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.5B	15.5B	18.5B	19.6B	17.2B	18.1B
Other Current Liab	1.4B	2.4B	4.1B	3.9B	4.0M	3.8M
Total Current Liabilities	4.0B	5.1B	9.9B	11.7B	12.4B	13.0B
Total Stockholder Equity	2.9B	8.8B	3.5B	3.9B	2.2B	1.7B
Retained Earnings	348.1M	3.6B	(1.8B)	(1.6B)	(4.5B)	(4.2B)
Accounts Payable	357.5M	1.0B	2.0B	3.3B	3.4B	3.6B
Cash	869.8M	2.1B	1.9B	970.5M	1.3B	1.3B
Other Assets	322.2M	425.0M	167.2M	177.4M	204.1M	135.8M
Net Receivables	130.4M	171.2M	213.7M	62.3M	37.0M	35.2M
Inventory	1.1B	2.6B	1.8B	2.6B	2.0B	2.1B
Other Current Assets	141.0M	776.7M	139.1M	108.8M	125.9M	113.7M
Total Liab	4.6B	6.7B	14.8B	15.6B	14.9B	15.7B
Intangible Assets	115.8M	114.0M	49.3M	42.4M	60.5M	55.5M
Property Plant Equipment	4.7B	9.0B	13.7B	13.3B	15.3B	16.1B
Long Term Debt	580.4M	793.7M	1.4B	1.0B	584.3M	417.9M
Other Liab	20.1M	149.8M	489.3M	101.5M	116.7M	80.5M
Net Tangible Assets	2.7B	8.6B	3.1B	3.5B	4.1B	3.5B
Other Stockholder Equity	(13.4M)	(13.3M)	(15.1M)	(3.7M)	(4.2M)	(4.4M)
Deferred Long Term Liab	155.8M	140.3M	226.0M	106.9M	122.9M	142.6M
Total Current Assets	2.2B	5.8B	4.0B	4.3B	3.6B	3.2B
Non Current Assets Total	5.3B	9.7B	14.5B	15.2B	13.6B	9.1B
Non Currrent Assets Other	162.7M	178.5M	25.6M	38.4M	31.4M	29.8M
Non Current Liabilities Total	600.5M	1.6B	4.9B	3.8B	2.5B	1.9B
Short Long Term Debt	2.0B	1.3B	2.6B	2.5B	2.7B	1.9B
Non Current Liabilities Other	9.4M	10.8M	8.0M	46.8M	53.9M	56.6M
Net Debt	1.2B	10.4M	2.1B	2.6B	2.0B	1.4B
Net Invested Capital	4.9B	10.9B	7.4B	7.5B	5.5B	6.9B
Net Working Capital	(1.8B)	711.1M	(5.9B)	(7.4B)	(8.8B)	(8.3B)

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

C	Citigroup
GM	General Motors
F	Ford Motor

Other Information on Investing in Ningbo Stock

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Ningbo Total Assets vs Other Current Assets Analysis

Total Assets vs Other Current Assets

Total Assets vs Other Current Assets Correlation Analysis

Correlation Coefficient

Total Assets

Other Current Assets

Ningbo Tech fundamental ratios Correlations

Ningbo Tech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningbo Tech fundamental ratios Accounts

Also Currently Popular

Other Information on Investing in Ningbo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Property Plant Equipment	+ 0.99	Total Current Liabilities
Property Plant Equipment	+ 0.99	Total Liab
Property Plant Equipment	+ 0.98	Total Assets
Accounts Payable	+ 0.98	Total Current Liabilities
Total Liab	+ 0.97	Total Assets

Other Stockholder Equity	- 0.86	Retained Earnings
Accounts Payable	- 0.78	Retained Earnings
Retained Earnings	- 0.75	Total Current Liabilities
Short Term Investments	- 0.71	Accounts Payable
Total Liab	- 0.71	Retained Earnings
Property Plant Equipment	- 0.67	Retained Earnings