XinJiang Non Current Liabilities Total vs Net Tangible Assets Analysis

002205 Stock

10.50 0.96 8.38%

XinJiang GuoTong financial indicator trend analysis is more than just analyzing XinJiang GuoTong Pipeline current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether XinJiang GuoTong Pipeline is a good investment. Please check the relationship between XinJiang GuoTong Non Current Liabilities Total and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in XinJiang GuoTong Pipeline. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Non Current Liabilities Total vs Net Tangible Assets

Non Current Liabilities Total vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of XinJiang GuoTong Pipeline Non Current Liabilities Total account and Net Tangible Assets. At this time, the significance of the direction appears to have pay attention.

The correlation between XinJiang GuoTong's Non Current Liabilities Total and Net Tangible Assets is -0.89. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of XinJiang GuoTong Pipeline, assuming nothing else is changed. The correlation between historical values of XinJiang GuoTong's Non Current Liabilities Total and Net Tangible 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 Non Current Liabilities Total of XinJiang GuoTong Pipeline are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Non Current Liabilities Total i.e., XinJiang GuoTong's Non Current Liabilities Total and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.89

Relationship Direction	Negative
Relationship Strength	Significant

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Non Current Liabilities Total

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from XinJiang GuoTong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into XinJiang GuoTong Pipeline 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 XinJiang GuoTong Pipeline. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

As of December 23, 2024, Selling General Administrative is expected to decline to about 74.6 M. In addition to that, Tax Provision is expected to decline to about 994.4 K

	2021	2022	2023	2024 (projected)
Gross Profit	216.8M	119.1M	67.2M	63.8M
Research Development	19.7M	17.0M	20.3M	16.5M

Gross Profit Research Development

XinJiang GuoTong 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	Net Tangible Assets	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Non Current Liabilities Other
Total Assets		0.51	0.97	0.33	-0.09	0.91	-0.19	0.83	0.56	-0.07	0.08	0.87	0.81	0.86	0.71	0.76	0.75	-0.72	0.6	0.57	-0.15	0.27	0.88	0.75	0.86	0.83
Other Current Liab	0.51		0.55	0.33	0.39	0.44	0.21	0.26	0.03	0.13	0.32	0.29	0.16	0.27	0.41	0.14	0.12	-0.05	0.55	0.26	0.0	0.15	0.33	0.2	0.23	0.13
Total Current Liabilities	0.97	0.55		0.23	-0.11	0.95	-0.24	0.83	0.51	-0.17	0.03	0.87	0.8	0.8	0.63	0.73	0.76	-0.72	0.59	0.7	-0.08	0.37	0.87	0.74	0.82	0.79
Total Stockholder Equity	0.33	0.33	0.23		0.62	0.24	0.6	-0.02	0.73	0.75	0.48	0.09	0.12	0.22	0.67	-0.04	-0.02	0.18	0.17	0.17	0.01	0.22	-0.03	-0.1	-0.08	-0.1
Retained Earnings	-0.09	0.39	-0.11	0.62		-0.1	0.41	-0.54	0.26	0.55	0.53	-0.47	-0.44	-0.27	0.25	-0.62	-0.56	0.68	-0.06	-0.02	0.35	0.01	-0.45	-0.47	-0.52	-0.57
Accounts Payable	0.91	0.44	0.95	0.24	-0.1		-0.17	0.74	0.58	-0.07	0.05	0.81	0.8	0.79	0.6	0.66	0.71	-0.7	0.45	0.74	0.11	0.36	0.79	0.73	0.75	0.75
Cash	-0.19	0.21	-0.24	0.6	0.41	-0.17		-0.41	0.2	0.66	0.48	-0.3	-0.32	-0.25	0.22	-0.35	-0.36	0.43	-0.29	-0.23	0.33	-0.08	-0.44	-0.48	-0.45	-0.41
Other Assets	0.83	0.26	0.83	-0.02	-0.54	0.74	-0.41		0.25	-0.33	-0.17	0.99	0.9	0.73	0.44	0.97	0.93	-0.86	0.66	0.55	-0.47	0.34	0.97	0.82	0.95	0.92
Net Receivables	0.56	0.03	0.51	0.73	0.26	0.58	0.2	0.25		0.41	0.11	0.37	0.48	0.54	0.62	0.22	0.3	-0.28	0.04	0.51	0.16	0.3	0.25	0.26	0.24	0.27
Inventory	-0.07	0.13	-0.17	0.75	0.55	-0.07	0.66	-0.33	0.41		0.39	-0.22	-0.19	-0.07	0.41	-0.26	-0.31	0.35	-0.17	-0.25	0.07	-0.14	-0.33	-0.31	-0.34	-0.34
Other Current Assets	0.08	0.32	0.03	0.48	0.53	0.05	0.48	-0.17	0.11	0.39		-0.14	-0.27	-0.19	0.22	-0.22	-0.13	0.44	-0.03	-0.05	0.28	0.16	-0.15	-0.39	-0.17	-0.1
Total Liab	0.87	0.29	0.87	0.09	-0.47	0.81	-0.3	0.99	0.37	-0.22	-0.14		0.92	0.76	0.53	0.96	0.93	-0.86	0.63	0.59	-0.39	0.34	0.96	0.81	0.94	0.91
Intangible Assets	0.81	0.16	0.8	0.12	-0.44	0.8	-0.32	0.9	0.48	-0.19	-0.27	0.92		0.85	0.4	0.88	0.82	-0.91	0.5	0.62	-0.3	0.18	0.9	0.92	0.86	0.81
Common Stock	0.86	0.27	0.8	0.22	-0.27	0.79	-0.25	0.73	0.54	-0.07	-0.19	0.76	0.85		0.5	0.73	0.62	-0.83	0.48	0.37	-0.16	0.02	0.79	0.9	0.81	0.77
Property Plant Equipment	0.71	0.41	0.63	0.67	0.25	0.6	0.22	0.44	0.62	0.41	0.22	0.53	0.4	0.5		0.42	0.46	-0.23	0.45	0.28	-0.2	0.34	0.47	0.25	0.44	0.44
Long Term Debt	0.76	0.14	0.73	-0.04	-0.62	0.66	-0.35	0.97	0.22	-0.26	-0.22	0.96	0.88	0.73	0.42		0.9	-0.88	0.57	0.38	-0.49	0.18	0.94	0.81	0.95	0.93
Other Liab	0.75	0.12	0.76	-0.02	-0.56	0.71	-0.36	0.93	0.3	-0.31	-0.13	0.93	0.82	0.62	0.46	0.9		-0.8	0.49	0.57	-0.34	0.43	0.88	0.69	0.86	0.88
Net Tangible Assets	-0.72	-0.05	-0.72	0.18	0.68	-0.7	0.43	-0.86	-0.28	0.35	0.44	-0.86	-0.91	-0.83	-0.23	-0.88	-0.8		-0.34	-0.42	0.23	0.0	-0.87	-0.92	-0.89	-0.87
Deferred Long Term Liab	0.6	0.55	0.59	0.17	-0.06	0.45	-0.29	0.66	0.04	-0.17	-0.03	0.63	0.5	0.48	0.45	0.57	0.49	-0.34		0.37	-0.58	0.48	0.64	0.53	0.58	0.49
Short Long Term Debt	0.57	0.26	0.7	0.17	-0.02	0.74	-0.23	0.55	0.51	-0.25	-0.05	0.59	0.62	0.37	0.28	0.38	0.57	-0.42	0.37		0.1	0.68	0.51	0.44	0.39	0.38
Total Current Assets	-0.15	0.0	-0.08	0.01	0.35	0.11	0.33	-0.47	0.16	0.07	0.28	-0.39	-0.3	-0.16	-0.2	-0.49	-0.34	0.23	-0.58	0.1		-0.13	-0.39	-0.26	-0.36	-0.27
Short Term Debt	0.27	0.15	0.37	0.22	0.01	0.36	-0.08	0.34	0.3	-0.14	0.16	0.34	0.18	0.02	0.34	0.18	0.43	0.0	0.48	0.68	-0.13		0.2	-0.01	0.13	0.19
Non Current Assets Total	0.88	0.33	0.87	-0.03	-0.45	0.79	-0.44	0.97	0.25	-0.33	-0.15	0.96	0.9	0.79	0.47	0.94	0.88	-0.87	0.64	0.51	-0.39	0.2		0.86	0.98	0.93
Non Currrent Assets Other	0.75	0.2	0.74	-0.1	-0.47	0.73	-0.48	0.82	0.26	-0.31	-0.39	0.81	0.92	0.9	0.25	0.81	0.69	-0.92	0.53	0.44	-0.26	-0.01	0.86		0.86	0.78
Non Current Liabilities Total	0.86	0.23	0.82	-0.08	-0.52	0.75	-0.45	0.95	0.24	-0.34	-0.17	0.94	0.86	0.81	0.44	0.95	0.86	-0.89	0.58	0.39	-0.36	0.13	0.98	0.86		0.98
Non Current Liabilities Other	0.83	0.13	0.79	-0.1	-0.57	0.75	-0.41	0.92	0.27	-0.34	-0.1	0.91	0.81	0.77	0.44	0.93	0.88	-0.87	0.49	0.38	-0.27	0.19	0.93	0.78	0.98

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XinJiang GuoTong Account Relationship Matchups

XinJiang GuoTong fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.6B	3.8B	4.0B	4.3B	4.1B	2.2B
Other Current Liab	427.5M	543.8M	98.6M	446.5M	7.0M	6.6M
Total Current Liabilities	1.6B	1.7B	1.8B	2.3B	1.8B	971.3M
Total Stockholder Equity	850.4M	864.5M	874.9M	770.5M	626.0M	730.6M
Retained Earnings	212.1M	226.2M	232.9M	128.4M	(162.4M)	(154.3M)
Accounts Payable	482.3M	679.7M	876.9M	1.2B	854.2M	442.0M
Cash	288.8M	240.6M	78.2M	301.6M	142.1M	267.7M
Other Assets	1.9B	2.1B	2.2B	2.2B	2.5B	2.7B
Net Receivables	462.8M	369.3M	759.9M	663.9M	654.2M	478.4M
Inventory	152.8M	158.7M	138.2M	124.1M	105.4M	150.1M
Other Current Assets	65.9M	44.8M	25.5M	22.0M	9.1M	8.7M
Total Liab	2.5B	2.8B	3.0B	3.3B	3.3B	3.5B
Intangible Assets	122.0M	206.0M	304.1M	299.9M	253.6M	266.3M
Property Plant Equipment	592.6M	562.9M	496.1M	459.5M	528.4M	419.9M
Long Term Debt	891.9M	985.4M	1.0B	942.4M	1.3B	1.4B
Other Liab	92.8M	81.9M	88.3M	126.7M	145.8M	153.0M
Net Tangible Assets	728.4M	658.5M	570.9M	470.5M	423.5M	570.3M
Deferred Long Term Liab	34.4M	68.2M	37.9M	24.6M	28.3M	38.9M
Short Long Term Debt	112M	95.4M	324.0M	406M	122.0M	239.6M
Total Current Assets	977.2M	947.0M	1.0B	1.3B	1.1B	876.4M
Non Current Assets Total	2.6B	2.9B	3.0B	3.0B	3.0B	2.6B
Non Current Liabilities Total	980.1M	1.1B	1.2B	1.1B	1.5B	935.8M
Non Current Liabilities Other	68.2M	68.0M	75.5M	75.0M	126.1M	70.3M
Net Debt	710.4M	840.2M	1.3B	1.0B	1.3B	924.1M
Net Invested Capital	1.8B	1.9B	2.2B	2.1B	2.1B	2.1B
Net Working Capital	(584.5M)	(716.2M)	(786.0M)	(974.5M)	(707.7M)	(743.1M)

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

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XinJiang Non Current Liabilities Total vs Net Tangible Assets Analysis

Non Current Liabilities Total vs Net Tangible Assets

Non Current Liabilities Total vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Net Tangible Assets

XinJiang GuoTong fundamental ratios Correlations

XinJiang GuoTong Account Relationship Matchups

High Positive Relationship

High Negative Relationship

XinJiang GuoTong fundamental ratios Accounts

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Other Information on Investing in XinJiang Stock

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Total Liab	+ 0.99	Other Assets
Non Current Liabilities Total	+ 0.98	Non Current Assets Total
Non Current Liabilities Other	+ 0.98	Non Current Liabilities Total
Total Current Liabilities	+ 0.97	Total Assets
Long Term Debt	+ 0.97	Other Assets
Non Current Assets Total	+ 0.97	Other Assets

Non Currrent Assets Other	- 0.92	Net Tangible Assets
Net Tangible Assets	- 0.91	Intangible Assets
Non Current Liabilities Total	- 0.89	Net Tangible Assets
Net Tangible Assets	- 0.88	Long Term Debt
Non Current Liabilities Other	- 0.87	Net Tangible Assets
Non Current Assets Total	- 0.87	Net Tangible Assets