Datang Other Current Liab vs Other Assets Analysis

600198 Stock   9.17  0.10  1.08%   
Datang Telecom financial indicator trend analysis is much more than just examining Datang Telecom Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Datang Telecom Technology is a good investment. Please check the relationship between Datang Telecom Other Current Liab and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Datang Telecom Technology. 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 Liab vs Other Assets

Other Current Liab vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Datang Telecom Technology Other Current Liab account and Other Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Datang Telecom's Other Current Liab and Other Assets is 0.27. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Other Assets in the same time period over historical financial statements of Datang Telecom Technology, assuming nothing else is changed. The correlation between historical values of Datang Telecom's Other Current Liab and Other 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 Other Current Liab of Datang Telecom Technology are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Other Current Liab i.e., Datang Telecom's Other Current Liab and Other Assets go up and down completely randomly.

Correlation Coefficient

0.27
Relationship DirectionPositive 
Relationship StrengthVery Weak

Other Current Liab

Other Assets

Most indicators from Datang Telecom's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Datang Telecom Technology 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 Datang Telecom Technology. 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 29, 2024, Selling General Administrative is expected to decline to about 66.9 M. The current year's Tax Provision is expected to grow to about (573 K)
 2021 2022 2023 2024 (projected)
Gross Profit523.7M511.7M465.9M499.1M
Research Development248.2M180.1M187.3M252.7M

Datang Telecom fundamental ratios Correlations

0.090.850.80.640.680.90.810.830.760.910.340.920.910.950.89-0.380.920.830.07-0.510.67-0.640.410.690.03
0.090.38-0.390.180.05-0.030.060.270.26-0.010.06-0.060.210.320.09-0.450.060.21-0.67-0.55-0.02-0.10.410.010.09
0.850.380.470.40.610.850.690.950.570.80.450.750.830.930.69-0.50.840.84-0.17-0.580.59-0.670.560.620.16
0.8-0.390.470.370.770.740.630.540.460.850.320.880.670.60.65-0.30.760.660.6-0.160.79-0.66-0.030.8-0.26
0.640.180.40.370.220.460.490.310.90.36-0.120.50.580.680.68-0.120.560.42-0.29-0.40.18-0.090.440.160.23
0.680.050.610.770.220.670.460.620.40.830.440.790.640.60.44-0.80.760.790.41-0.450.99-0.840.120.98-0.33
0.9-0.030.850.740.460.670.680.840.510.890.330.870.860.850.67-0.40.910.750.16-0.320.68-0.620.310.69-0.05
0.810.060.690.630.490.460.680.670.70.690.450.720.710.790.78-0.10.650.690.1-0.360.44-0.610.420.560.27
0.830.270.950.540.310.620.840.670.480.830.50.750.830.870.63-0.40.810.82-0.03-0.560.59-0.650.380.630.03
0.760.260.570.460.90.40.510.70.480.530.090.580.620.80.82-0.240.650.58-0.26-0.590.34-0.330.560.360.29
0.91-0.010.80.850.360.830.890.690.830.530.50.890.790.820.73-0.510.880.820.32-0.410.83-0.740.150.84-0.24
0.340.060.450.32-0.120.440.330.450.50.090.50.480.410.330.24-0.210.220.670.42-0.010.49-0.48-0.210.5-0.3
0.92-0.060.750.880.50.790.870.720.750.580.890.480.890.820.75-0.430.860.880.36-0.270.82-0.740.190.82-0.14
0.910.210.830.670.580.640.860.710.830.620.790.410.890.870.7-0.450.830.870.07-0.440.66-0.580.340.66-0.09
0.950.320.930.60.680.60.850.790.870.80.820.330.820.870.87-0.410.880.82-0.17-0.610.56-0.610.560.590.18
0.890.090.690.650.680.440.670.780.630.820.730.240.750.70.87-0.180.780.64-0.1-0.440.43-0.480.490.450.23
-0.38-0.45-0.5-0.3-0.12-0.8-0.4-0.1-0.4-0.24-0.51-0.21-0.43-0.45-0.41-0.18-0.55-0.560.00.51-0.770.59-0.26-0.710.31
0.920.060.840.760.560.760.910.650.810.650.880.220.860.830.880.78-0.550.760.03-0.50.75-0.70.480.740.05
0.830.210.840.660.420.790.750.690.820.580.820.670.880.870.820.64-0.560.760.2-0.50.8-0.710.290.79-0.11
0.07-0.67-0.170.6-0.290.410.160.1-0.03-0.260.320.420.360.07-0.17-0.10.00.030.20.440.49-0.28-0.680.49-0.6
-0.51-0.55-0.58-0.16-0.4-0.45-0.32-0.36-0.56-0.59-0.41-0.01-0.27-0.44-0.61-0.440.51-0.5-0.50.44-0.350.37-0.63-0.35-0.21
0.67-0.020.590.790.180.990.680.440.590.340.830.490.820.660.560.43-0.770.750.80.49-0.35-0.810.050.97-0.39
-0.64-0.1-0.67-0.66-0.09-0.84-0.62-0.61-0.65-0.33-0.74-0.48-0.74-0.58-0.61-0.480.59-0.7-0.71-0.280.37-0.81-0.28-0.9-0.03
0.410.410.56-0.030.440.120.310.420.380.560.15-0.210.190.340.560.49-0.260.480.29-0.68-0.630.05-0.280.090.78
0.690.010.620.80.160.980.690.560.630.360.840.50.820.660.590.45-0.710.740.790.49-0.350.97-0.90.09-0.28
0.030.090.16-0.260.23-0.33-0.050.270.030.29-0.24-0.3-0.14-0.090.180.230.310.05-0.11-0.6-0.21-0.39-0.030.78-0.28
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Datang Telecom Account Relationship Matchups

Datang Telecom fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.8B3.1B4.6B3.5B2.9B2.7B
Other Current Liab1.1B1.7B868.6M3.4M1.9M1.8M
Total Current Liabilities3.9B3.6B2.5B1.5B2.1B2.0B
Total Stockholder Equity33.5M(1.3B)430.8M493.0M310.0M294.5M
Other Liab428.2M682.5M300.8M163.2M187.7M178.3M
Retained Earnings(5.3B)(7.6B)(7.6B)(7.6B)(7.6B)(7.3B)
Accounts Payable924.9M953.2M994.5M697.3M589.9M560.4M
Cash440.4M307.1M1.2B760.4M494.1M957.1M
Other Assets314.2M127.7M105.6M99.2M114.1M108.4M
Long Term Debt1.3B2.7B212.1M50.0M57.6M54.7M
Net Receivables1.5B711.3M968.1M735.1M815.1M774.4M
Inventory390.9M362.5M379.5M314.4M335.8M319.0M
Other Current Assets295.7M246.6M283.0M270.4M6.5M6.1M
Total Liab4.3B3.7B2.8B1.7B2.2B2.1B
Intangible Assets676.0M249.3M188.2M141.0M227.8M216.4M
Property Plant Equipment496.2M433.5M249.4M227.6M204.8M194.6M
Good Will782.4M759.5M628.8M1.5M1.4M1.3M
Net Tangible Assets(1.0B)(1.4B)326.9M427.6M491.8M516.3M
Other Stockholder Equity(14.5M)(13.3M)12.2M6.1M7.0M7.4M
Deferred Long Term Liab242.0M246.1M110.0M95.5M85.9M81.6M
Short Long Term Debt1.2B668.0M462.3M265.3M164.5M156.2M
Total Current Assets2.7B1.8B3.0B2.2B2.0B3.1B
Non Current Assets Total3.1B1.8B1.5B1.3B846.4M804.1M
Non Current Liabilities Total428.2M682.5M335.1M189.2M147.5M140.2M
Non Current Liabilities Other43.8M39.6M14.2M7.0M6.3M6.0M
Net Invested Capital1.2B(643.9M)893.1M758.3M524.5M879.7M
Net Working Capital(1.3B)(1.7B)512.1M639.5M(65.4M)(68.6M)

Currently Active Assets on Macroaxis

Other Information on Investing in Datang Stock

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