China Deferred Long Term Liab vs Other Stockholder Equity Analysis

600028 Stock   6.40  0.02  0.31%   
China Petroleum financial indicator trend analysis is way more than just evaluating China Petroleum Chemical prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Petroleum Chemical is a good investment. Please check the relationship between China Petroleum Deferred Long Term Liab and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Petroleum Chemical. 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.

Deferred Long Term Liab vs Other Stockholder Equity

Deferred Long Term Liab vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Petroleum Chemical Deferred Long Term Liab account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between China Petroleum's Deferred Long Term Liab and Other Stockholder Equity is -0.65. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of China Petroleum Chemical, assuming nothing else is changed. The correlation between historical values of China Petroleum's Deferred Long Term Liab and Other 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 Deferred Long Term Liab of China Petroleum Chemical are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Deferred Long Term Liab i.e., China Petroleum's Deferred Long Term Liab and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.65
Relationship DirectionNegative 
Relationship StrengthWeak

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

Other Stockholder Equity

Most indicators from China Petroleum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Petroleum Chemical 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 China Petroleum Chemical. 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 November 29, 2024, Selling General Administrative is expected to decline to about 54.4 B. In addition to that, Tax Provision is expected to decline to about 13.9 B
 2021 2022 2023 2024 (projected)
Gross Profit548.5B523.5B463.7B487.0B
Total Revenue2.7T3.3T3.1T2.6T

China Petroleum fundamental ratios Correlations

0.990.990.990.990.990.950.930.620.850.640.940.760.980.96-0.970.990.70.960.770.980.890.980.990.20.44
0.990.990.970.980.980.960.930.60.860.580.910.770.980.95-0.970.990.730.980.740.980.90.960.970.170.43
0.990.990.990.980.990.970.930.650.830.670.950.780.990.95-0.970.990.70.950.790.990.890.980.970.230.48
0.990.970.990.991.00.930.950.690.850.710.960.750.960.96-0.970.970.650.920.770.980.871.00.970.210.47
0.990.980.980.990.990.930.950.70.850.680.950.760.960.97-0.950.970.730.940.770.980.890.990.960.170.49
0.990.980.991.00.990.940.950.670.880.690.940.720.970.96-0.970.980.660.940.770.980.880.990.980.160.44
0.950.960.970.930.930.940.90.550.820.570.850.70.990.87-0.940.960.70.960.840.960.910.910.930.170.39
0.930.930.930.950.950.950.90.780.870.70.890.70.910.86-0.930.90.590.880.790.950.860.950.880.140.42
0.620.60.650.690.70.670.550.780.620.870.730.470.590.62-0.640.540.350.470.570.690.470.720.530.240.57
0.850.860.830.850.850.880.820.870.620.60.710.390.860.81-0.880.840.470.830.60.810.670.880.86-0.180.1
0.640.580.670.710.680.690.570.70.870.60.740.410.620.61-0.610.570.230.440.720.670.50.740.60.20.59
0.940.910.950.960.950.940.850.890.730.710.740.860.890.93-0.890.910.660.840.740.960.840.950.90.310.65
0.760.770.780.750.760.720.70.70.470.390.410.860.710.74-0.690.760.670.730.590.820.810.710.690.440.73
0.980.980.990.960.960.970.990.910.590.860.620.890.710.92-0.970.990.710.960.810.970.890.950.970.160.41
0.960.950.950.960.970.960.870.860.620.810.610.930.740.92-0.920.950.790.910.640.930.810.950.960.160.47
-0.97-0.97-0.97-0.97-0.95-0.97-0.94-0.93-0.64-0.88-0.61-0.89-0.69-0.97-0.92-0.96-0.65-0.93-0.71-0.96-0.81-0.96-0.95-0.13-0.3
0.990.990.990.970.970.980.960.90.540.840.570.910.760.990.95-0.960.730.980.750.970.910.960.990.180.41
0.70.730.70.650.730.660.70.590.350.470.230.660.670.710.79-0.650.730.770.490.70.680.630.680.170.49
0.960.980.950.920.940.940.960.880.470.830.440.840.730.960.91-0.930.980.770.720.940.920.910.960.140.35
0.770.740.790.770.770.770.840.790.570.60.720.740.590.810.64-0.710.750.490.720.80.850.760.730.140.52
0.980.980.990.980.980.980.960.950.690.810.670.960.820.970.93-0.960.970.70.940.80.910.970.940.240.52
0.890.90.890.870.890.880.910.860.470.670.50.840.810.890.81-0.810.910.680.920.850.910.850.870.260.53
0.980.960.981.00.990.990.910.950.720.880.740.950.710.950.95-0.960.960.630.910.760.970.850.970.160.46
0.990.970.970.970.960.980.930.880.530.860.60.90.690.970.96-0.950.990.680.960.730.940.870.970.140.37
0.20.170.230.210.170.160.170.140.24-0.180.20.310.440.160.16-0.130.180.170.140.140.240.260.160.140.59
0.440.430.480.470.490.440.390.420.570.10.590.650.730.410.47-0.30.410.490.350.520.520.530.460.370.59
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China Petroleum Account Relationship Matchups

China Petroleum fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.8T1.7T1.9T1.9T2.0T1.7T
Other Current Liab209.3B238.2B281.0B277.8B319.5B223.8B
Total Current Liabilities580.0B522.2B641.3B667.4B647.1B577.3B
Total Stockholder Equity738.2B741.5B774.2B784.7B803.0B744.4B
Other Liab66.5B72.6B70.7B70.6B81.2B68.0B
Net Tangible Assets696.2B701.0B735.9B750.2B862.8B691.3B
Accounts Payable200.0B161.7B215.6B269.4B259B207.7B
Cash60.3B87.6B108.6B93.4B121.8B98.1B
Other Assets49.0B67.7B59.7B64.8B58.3B65.5B
Long Term Debt58.8B83.8B92.0B108.0B187.9B109.7B
Net Receivables88.7B35.4B34.9B46.4B48.7B51.3B
Good Will8.7B8.6B8.6B6.5B6.5B7.7B
Short Term Investments79.6B109.2B119.3B55.1B44.0B67.1B
Inventory194.1B151.9B207.4B244.2B250.9B192.8B
Other Current Assets33.1B36.1B32.7B31.3B36.0B31.3B
Other Stockholder Equity31.7B32.9B2.5B6.4B5.8B5.5B
Total Liab879.2B850.9B974.2B1.0T1.1T850.2B
Deferred Long Term Liab15.7B8.9B9.6B10.0B11.5B6.7B
Long Term Investments153.7B189.9B209.9B234.7B269.9B158.5B
Short Long Term Debt83.8B29.0B38.1B66.3B71.0B58.0B
Total Current Assets447.3B455.4B558.0B523.1B534.4B479.1B
Property Plant Equipment1.1T980.4B1.0T1.1T1.3T920.9B
Retained Earnings530.4B531.6B567.7B576.8B374.3B409.8B
Intangible Assets34.0B31.9B29.7B28.0B26.2B24.2B
Non Current Assets Total1.3T1.3T1.3T1.4T1.5T1.4T
Non Currrent Assets Other25.9B34.0B31.3B34.1B63.3B35.2B
Non Current Liabilities Total302.9B328.8B332.9B345.0B421.8B309.0B
Non Current Liabilities Other16.4B19.0B19.2B15.0B14.0B14.7B
Net Debt82.3B25.3B21.5B80.9B137.1B71.7B
Net Invested Capital880.7B854.3B904.3B959.0B1.1T1.0T
Net Working Capital(130.5B)(66.8B)(83.3B)(144.2B)(112.6B)(118.3B)

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Other Information on Investing in China Stock

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