China Research Development vs Selling General Administrative Analysis

600138 Stock   10.55  0.12  1.15%   
China CYTS financial indicator trend analysis is way more than just evaluating China CYTS Tours prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China CYTS Tours is a good investment. Please check the relationship between China CYTS Research Development and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China CYTS Tours. 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.

Research Development vs Selling General Administrative

Research Development vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China CYTS Tours Research Development account and Selling General Administrative. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between China CYTS's Research Development and Selling General Administrative is -0.32. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of China CYTS Tours, assuming nothing else is changed. The correlation between historical values of China CYTS's Research Development and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of China CYTS Tours are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Research Development i.e., China CYTS's Research Development and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

-0.32
Relationship DirectionNegative 
Relationship StrengthInsignificant

Research Development

Selling General Administrative

Most indicators from China CYTS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China CYTS Tours 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 CYTS Tours. 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 138.5 M, whereas Selling General Administrative is forecasted to decline to about 890.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.6B1.0B2.4B1.8B
Research Development9.4M12.7M7.7M9.4M

China CYTS fundamental ratios Correlations

-0.060.970.950.120.960.590.890.80.86-0.60.860.190.850.820.820.750.66-0.560.80.270.810.870.870.810.9
-0.060.05-0.040.260.00.530.17-0.250.3-0.330.10.73-0.31-0.39-0.09-0.4-0.60.57-0.40.24-0.42-0.37-0.4-0.22-0.31
0.970.050.870.020.910.580.930.730.82-0.590.920.190.850.730.70.740.6-0.560.770.20.750.830.850.810.87
0.95-0.040.870.240.990.670.850.840.87-0.590.740.270.740.860.930.650.56-0.480.750.420.780.810.770.760.84
0.120.260.020.240.250.39-0.10.070.38-0.140.020.65-0.060.150.2-0.07-0.020.120.030.730.180.04-0.080.040.05
0.960.00.910.990.250.660.870.80.87-0.560.810.310.760.830.870.650.56-0.490.780.440.80.840.80.810.87
0.590.530.580.670.390.660.560.540.86-0.850.450.70.340.350.620.310.04-0.050.250.450.260.260.20.310.3
0.890.170.930.85-0.10.870.560.710.75-0.560.870.160.750.690.730.620.46-0.440.670.170.630.740.770.760.79
0.8-0.250.730.840.070.80.540.710.72-0.680.620.070.860.890.810.870.72-0.730.820.310.840.810.770.750.79
0.860.30.820.870.380.870.860.750.72-0.810.710.580.630.60.790.560.39-0.30.570.480.60.610.540.580.64
-0.6-0.33-0.59-0.59-0.14-0.56-0.85-0.56-0.68-0.81-0.43-0.4-0.54-0.41-0.59-0.58-0.260.24-0.3-0.15-0.31-0.31-0.29-0.29-0.3
0.860.10.920.740.020.810.450.870.620.71-0.430.220.810.660.520.630.6-0.560.780.240.710.80.840.890.86
0.190.730.190.270.650.310.70.160.070.58-0.40.22-0.09-0.080.17-0.17-0.280.31-0.030.690.01-0.03-0.150.060.02
0.85-0.310.850.74-0.060.760.340.750.860.63-0.540.81-0.090.850.580.960.88-0.840.880.090.870.880.930.870.88
0.82-0.390.730.860.150.830.350.690.890.6-0.410.66-0.080.850.80.810.78-0.730.840.250.870.850.880.840.86
0.82-0.090.70.930.20.870.620.730.810.79-0.590.520.170.580.80.550.44-0.380.60.350.650.670.60.560.67
0.75-0.40.740.65-0.070.650.310.620.870.56-0.580.63-0.170.960.810.550.85-0.870.830.050.840.810.830.740.78
0.66-0.60.60.56-0.020.560.040.460.720.39-0.260.6-0.280.880.780.440.85-0.840.830.090.840.820.860.760.8
-0.560.57-0.56-0.480.12-0.49-0.05-0.44-0.73-0.30.24-0.560.31-0.84-0.73-0.38-0.87-0.84-0.89-0.14-0.83-0.82-0.79-0.77-0.76
0.8-0.40.770.750.030.780.250.670.820.57-0.30.78-0.030.880.840.60.830.83-0.890.380.970.980.920.930.96
0.270.240.20.420.730.440.450.170.310.48-0.150.240.690.090.250.350.050.09-0.140.380.430.360.130.350.34
0.81-0.420.750.780.180.80.260.630.840.6-0.310.710.010.870.870.650.840.84-0.830.970.430.970.910.870.95
0.87-0.370.830.810.040.840.260.740.810.61-0.310.8-0.030.880.850.670.810.82-0.820.980.360.970.950.920.98
0.87-0.40.850.77-0.080.80.20.770.770.54-0.290.84-0.150.930.880.60.830.86-0.790.920.130.910.950.930.97
0.81-0.220.810.760.040.810.310.760.750.58-0.290.890.060.870.840.560.740.76-0.770.930.350.870.920.930.95
0.9-0.310.870.840.050.870.30.790.790.64-0.30.860.020.880.860.670.780.8-0.760.960.340.950.980.970.95
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China CYTS Account Relationship Matchups

China CYTS fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets16.4B17.1B17.4B17.6B17.3B9.4B
Other Current Liab1.5B1.8B931.0M77.1M93.2M88.6M
Total Current Liabilities6.2B7.6B7.3B6.5B6.8B3.7B
Total Stockholder Equity6.6B6.3B6.3B6.0B6.2B3.8B
Other Liab10.0M240.1M5.2M7.1M8.1M7.7M
Retained Earnings4.1B3.9B3.9B3.4B3.5B1.9B
Accounts Payable1.7B1.4B1.4B1.1B1.1B975.9M
Cash1.0B1.8B1.4B1.2B1.2B807.4M
Other Assets1.2B1.0B998.0M1.1B1.3B1.3B
Net Receivables2.7B2.2B2.1B2.2B2.3B1.5B
Inventory2.4B2.9B2.2B2.1B2.0B1.3B
Other Current Assets939.2M295.0M311.8M191.0M111.3M105.7M
Total Liab7.5B8.5B8.8B9.5B8.9B9.4B
Intangible Assets1.2B1.2B1.2B1.2B1.2B1.2B
Property Plant Equipment4.1B4.5B4.7B5.9B6.8B7.1B
Long Term Debt1.0B869.7M617.6M1.8B1.4B1.5B
Net Tangible Assets5.3B5.3B5.1B5.1B5.8B5.3B
Other Stockholder Equity(22.0M)(20.4M)(25.3M)(27.2M)(24.5M)(25.7M)
Deferred Long Term Liab372.5M408.7M349.9M384.1M441.7M385.2M
Short Long Term Debt2.5B3.3B3.4B3.7B3.2B2.6B
Total Current Assets7.1B7.5B6.3B6.1B6.4B6.5B
Non Current Assets Total9.4B9.6B11.1B11.4B10.9B10.3B
Non Currrent Assets Other223.5M233.0M283.9M239.4M198.7M230.2M
Non Current Liabilities Total1.3B874.9M1.5B2.9B2.1B1.4B
Non Current Liabilities Other10.0M240.1M1.4M1.2M1.0M994.5K
Net Debt2.5B2.5B2.6B4.3B3.4B2.8B
Net Invested Capital10.1B10.5B10.4B11.5B10.8B11.0B
Net Working Capital832.5M(130.6M)(961.3M)(405.3M)(461.8M)(438.7M)

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Other Information on Investing in China Stock

Balance Sheet is a snapshot of the financial position of China CYTS Tours at a specified time, usually calculated after every quarter, six months, or one year. China CYTS Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China CYTS 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.