Guangdong Other Current Assets vs Treasury Stock Analysis

002295 Stock   7.73  0.09  1.18%   
Guangdong Jingyi financial indicator trend analysis is much more than just examining Guangdong Jingyi Metal latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Jingyi Metal is a good investment. Please check the relationship between Guangdong Jingyi Other Current Assets and its Treasury Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Jingyi Metal. 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.

Other Current Assets vs Treasury Stock

Other Current Assets vs Treasury Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangdong Jingyi Metal Other Current Assets account and Treasury Stock. At this time, the significance of the direction appears to have weak relationship.
The correlation between Guangdong Jingyi's Other Current Assets and Treasury Stock is 0.31. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Treasury Stock in the same time period over historical financial statements of Guangdong Jingyi Metal, assuming nothing else is changed. The correlation between historical values of Guangdong Jingyi's Other Current Assets and Treasury Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Guangdong Jingyi Metal are associated (or correlated) with its Treasury Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Treasury Stock has no effect on the direction of Other Current Assets i.e., Guangdong Jingyi's Other Current Assets and Treasury Stock go up and down completely randomly.

Correlation Coefficient

0.31
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

Treasury Stock

Most indicators from Guangdong Jingyi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Jingyi Metal 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 Guangdong Jingyi Metal. 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 9.2 M, whereas Selling General Administrative is forecasted to decline to about 11.9 M.
 2021 2022 2023 2024 (projected)
Operating Income112.4M67.5M58.1M90.1M
Total Revenue6.7B4.8B2.7B4.0B

Guangdong Jingyi fundamental ratios Correlations

0.00.930.890.70.880.790.860.660.880.460.20.940.340.74-0.07-0.050.7-0.56-0.70.910.840.610.10.67-0.12
0.00.13-0.09-0.58-0.32-0.08-0.04-0.480.170.05-0.530.080.31-0.06-0.010.39-0.510.510.38-0.02-0.04-0.55-0.11-0.540.65
0.930.130.650.590.730.80.830.430.870.30.041.00.160.480.01-0.140.52-0.45-0.540.880.720.460.020.54-0.01
0.89-0.090.650.640.840.590.680.760.740.580.340.680.530.95-0.130.120.72-0.5-0.720.750.810.60.170.63-0.21
0.7-0.580.590.640.860.720.760.880.440.260.550.640.080.45-0.31-0.370.92-0.89-0.860.790.70.850.150.92-0.62
0.88-0.320.730.840.860.80.810.780.630.340.350.780.180.68-0.12-0.260.9-0.77-0.810.830.780.790.30.9-0.25
0.79-0.080.80.590.720.80.950.520.490.230.050.820.080.37-0.19-0.30.65-0.68-0.670.840.630.510.30.73-0.06
0.86-0.040.830.680.760.810.950.620.590.260.060.860.310.47-0.34-0.220.7-0.64-0.710.910.740.570.220.71-0.13
0.66-0.480.430.760.880.780.520.620.450.460.580.480.40.66-0.45-0.010.86-0.79-0.850.710.750.840.150.82-0.62
0.880.170.870.740.440.630.490.590.450.350.110.860.330.64-0.010.170.44-0.24-0.50.780.790.4-0.150.39-0.01
0.460.050.30.580.260.340.230.260.460.350.220.310.440.660.120.10.19-0.41-0.320.270.160.14-0.160.32-0.12
0.2-0.530.040.340.550.350.050.060.580.110.220.070.00.37-0.02-0.140.59-0.46-0.450.250.310.56-0.190.36-0.84
0.940.081.00.680.640.780.820.860.480.860.310.070.160.5-0.01-0.160.57-0.51-0.580.90.740.510.040.6-0.03
0.340.310.160.530.080.180.080.310.40.330.440.00.160.61-0.460.380.180.04-0.230.30.420.1-0.040.02-0.02
0.74-0.060.480.950.450.680.370.470.660.640.660.370.50.610.00.220.58-0.34-0.560.530.640.470.060.44-0.21
-0.07-0.010.01-0.13-0.31-0.12-0.19-0.34-0.45-0.010.12-0.02-0.01-0.460.0-0.3-0.330.260.49-0.36-0.46-0.190.02-0.250.22
-0.050.39-0.140.12-0.37-0.26-0.3-0.22-0.010.170.1-0.14-0.160.380.22-0.3-0.230.34-0.02-0.080.18-0.28-0.11-0.340.2
0.7-0.510.520.720.920.90.650.70.860.440.190.590.570.180.58-0.33-0.23-0.8-0.850.740.760.880.180.88-0.54
-0.560.51-0.45-0.5-0.89-0.77-0.68-0.64-0.79-0.24-0.41-0.46-0.510.04-0.340.260.34-0.80.82-0.63-0.49-0.7-0.22-0.910.52
-0.70.38-0.54-0.72-0.86-0.81-0.67-0.71-0.85-0.5-0.32-0.45-0.58-0.23-0.560.49-0.02-0.850.82-0.79-0.82-0.62-0.19-0.80.5
0.91-0.020.880.750.790.830.840.910.710.780.270.250.90.30.53-0.36-0.080.74-0.63-0.790.910.640.080.7-0.25
0.84-0.040.720.810.70.780.630.740.750.790.160.310.740.420.64-0.460.180.76-0.49-0.820.910.640.130.61-0.28
0.61-0.550.460.60.850.790.510.570.840.40.140.560.510.10.47-0.19-0.280.88-0.7-0.620.640.640.230.82-0.54
0.1-0.110.020.170.150.30.30.220.15-0.15-0.16-0.190.04-0.040.060.02-0.110.18-0.22-0.190.080.130.230.220.07
0.67-0.540.540.630.920.90.730.710.820.390.320.360.60.020.44-0.25-0.340.88-0.91-0.80.70.610.820.22-0.35
-0.120.65-0.01-0.21-0.62-0.25-0.06-0.13-0.62-0.01-0.12-0.84-0.03-0.02-0.210.220.2-0.540.520.5-0.25-0.28-0.540.07-0.35
Click cells to compare fundamentals

Guangdong Jingyi Account Relationship Matchups

Guangdong Jingyi fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B2.6B2.6B2.3B2.0B1.8B
Other Current Liab24.6M61.8M23.4M21.5M3.3M3.1M
Total Current Liabilities826.7M1.4B1.2B898.3M629.4M715.0M
Total Stockholder Equity1.2B1.2B1.3B1.3B1.3B1.1B
Other Liab20.1M26.5M44.8M39.0M44.9M47.1M
Retained Earnings321.7M351.9M410.6M439.0M424.7M302.9M
Accounts Payable278.5M755.3M578.2M629.5M338.7M244.0M
Cash346.9M689.9M535.9M528.2M366.5M314.9M
Other Assets75.5M71.5M168.0M163.7M188.2M197.7M
Net Receivables1.0B1.1B1.2B792.0M754.4M822.1M
Inventory152.8M246.6M309.7M232.9M231.7M254.4M
Other Current Assets28.8M32.1M38.1M21.9M95.5M100.3M
Total Liab846.8M1.4B1.3B985.0M712.6M740.4M
Intangible Assets40.4M39.5M24.8M24.0M33.2M27.5M
Property Plant Equipment242.0M230.3M211.7M232.9M209.6M193.6M
Net Tangible Assets1.1B1.2B1.3B1.3B1.5B1.3B
Other Stockholder Equity388.3K(484.0K)(1.1M)(1.1M)(1.0M)(961.8K)
Deferred Long Term Liab105.8K59.4K17.5K9.7K8.7K8.3K
Total Current Assets1.7B2.3B2.2B1.9B1.6B1.8B
Non Current Assets Total367.9M341.3M404.5M420.6M449.8M414.1M
Non Currrent Assets Other1.9M1.3M(5.5M)15.9M662.3K629.2K
Non Current Liabilities Total20.1M26.5M98.2M86.7M83.2M46.4M
Short Long Term Debt491.5M532.6M611.0M223.0M253.0M353.9M
Net Invested Capital1.7B1.8B1.9B1.5B1.6B1.4B
Net Working Capital841.9M904.3M970.8M971.6M970.0M984.1M

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Other Information on Investing in Guangdong Stock

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