Pengxin Other Current Assets vs Net Receivables Analysis

600490 Stock   3.27  0.11  3.48%   
Pengxin International financial indicator trend analysis is much more than just breaking down Pengxin International prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pengxin International is a good investment. Please check the relationship between Pengxin International Other Current Assets and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Pengxin International Mining. 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 Net Receivables

Other Current Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pengxin International Other Current Assets account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Pengxin International's Other Current Assets and Net Receivables is 0.45. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Pengxin International Mining, assuming nothing else is changed. The correlation between historical values of Pengxin International's Other Current Assets and Net Receivables 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 Pengxin International Mining are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Current Assets i.e., Pengxin International's Other Current Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.45
Relationship DirectionPositive 
Relationship StrengthWeak

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.

Net Receivables

Most indicators from Pengxin International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pengxin International 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 Pengxin International Mining. 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 Selling General Administrative is expected to grow to about 301.9 M, whereas Tax Provision is forecasted to decline to about 4.3 M.
 2021 2022 2023 2024 (projected)
Other Operating Expenses324.2K252.7M290.6M305.2M
Gross Profit564.5M475.6M352.4M503.5M

Pengxin International fundamental ratios Correlations

0.60.920.960.720.80.670.730.230.870.80.84-0.460.920.87-0.390.350.91-0.19-0.780.880.770.870.870.89-0.91
0.60.60.580.70.780.430.550.050.80.410.68-0.360.420.32-0.320.020.57-0.34-0.550.610.390.570.580.59-0.57
0.920.60.890.670.880.50.710.360.820.890.84-0.520.830.77-0.580.210.87-0.08-0.790.820.870.890.820.88-0.86
0.960.580.890.760.740.580.740.070.90.720.74-0.60.930.81-0.460.190.98-0.25-0.880.920.720.850.890.93-0.94
0.720.70.670.760.760.470.750.060.890.40.62-0.540.610.48-0.53-0.030.78-0.52-0.650.740.430.710.730.75-0.73
0.80.780.880.740.760.510.570.490.850.750.85-0.330.630.57-0.520.280.73-0.06-0.660.690.720.810.680.7-0.68
0.670.430.50.580.470.510.350.30.570.30.61-0.110.540.420.060.640.51-0.22-0.490.630.530.640.60.4-0.56
0.730.550.710.740.750.570.35-0.020.740.520.67-0.690.610.58-0.4-0.230.78-0.54-0.670.760.60.70.770.83-0.78
0.230.050.360.070.060.490.3-0.020.080.450.410.250.020.08-0.150.560.040.45-0.030.030.530.420.04-0.02-0.05
0.870.80.820.90.890.850.570.740.080.580.8-0.570.790.64-0.460.140.9-0.32-0.790.880.620.790.850.85-0.84
0.80.410.890.720.40.750.30.520.450.580.74-0.240.70.74-0.530.290.70.12-0.590.620.780.710.630.74-0.69
0.840.680.840.740.620.850.610.670.410.80.74-0.430.610.61-0.240.290.750.0-0.580.810.830.840.820.74-0.78
-0.46-0.36-0.52-0.6-0.54-0.33-0.11-0.690.25-0.57-0.24-0.43-0.45-0.260.350.46-0.70.20.6-0.69-0.54-0.62-0.68-0.70.71
0.920.420.830.930.610.630.540.610.020.790.70.61-0.450.91-0.420.320.87-0.18-0.770.790.640.710.770.84-0.83
0.870.320.770.810.480.570.420.580.080.640.740.61-0.260.91-0.270.340.73-0.1-0.620.630.540.570.620.73-0.69
-0.39-0.32-0.58-0.46-0.53-0.520.06-0.4-0.15-0.46-0.53-0.240.35-0.42-0.270.26-0.520.280.53-0.41-0.41-0.45-0.44-0.580.47
0.350.020.210.19-0.030.280.64-0.230.560.140.290.290.460.320.340.260.050.380.00.070.280.250.04-0.07-0.05
0.910.570.870.980.780.730.510.780.040.90.70.75-0.70.870.73-0.520.05-0.26-0.890.950.740.840.930.95-0.95
-0.19-0.34-0.08-0.25-0.52-0.06-0.22-0.540.45-0.320.120.00.2-0.18-0.10.280.38-0.260.33-0.310.16-0.06-0.33-0.340.28
-0.78-0.55-0.79-0.88-0.65-0.66-0.49-0.67-0.03-0.79-0.59-0.580.6-0.77-0.620.530.0-0.890.33-0.82-0.64-0.71-0.78-0.80.78
0.880.610.820.920.740.690.630.760.030.880.620.81-0.690.790.63-0.410.070.95-0.31-0.820.760.850.990.93-0.97
0.770.390.870.720.430.720.530.60.530.620.780.83-0.540.640.54-0.410.280.740.16-0.640.760.90.760.72-0.77
0.870.570.890.850.710.810.640.70.420.790.710.84-0.620.710.57-0.450.250.84-0.06-0.710.850.90.840.81-0.88
0.870.580.820.890.730.680.60.770.040.850.630.82-0.680.770.62-0.440.040.93-0.33-0.780.990.760.840.94-0.97
0.890.590.880.930.750.70.40.83-0.020.850.740.74-0.70.840.73-0.58-0.070.95-0.34-0.80.930.720.810.94-0.97
-0.91-0.57-0.86-0.94-0.73-0.68-0.56-0.78-0.05-0.84-0.69-0.780.71-0.83-0.690.47-0.05-0.950.280.78-0.97-0.77-0.88-0.97-0.97
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Pengxin International Account Relationship Matchups

Pengxin International fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.1B8.4B8.6B8.8B8.2B8.7B
Other Current Liab523.4M571.2M763.5M1.0B4.3M4.1M
Total Current Liabilities3.5B1.8B2.3B2.9B2.3B2.4B
Total Stockholder Equity6.4B6.5B6.3B6.0B6.1B6.4B
Retained Earnings768.6M1.2B1.2B447.4M339.6M300.7M
Accounts Payable1.4B823.2M884.5M1.1B551.3M329.9M
Cash1.9B1.4B1.5B858.5M950.5M763.0M
Other Assets347.9M278.4M664.1M309.9M356.4M374.2M
Net Receivables1.1B12.0M56.8M76.4M114.7M152.3M
Inventory1.1B1.2B1.3B1.1B858.3M446.9M
Other Current Assets622.8M208.2M337.2M580.7M520.4M546.4M
Total Liab3.6B1.9B2.4B2.9B2.4B1.2B
Intangible Assets3.7M2.0M1.2M502.8K653.9K621.2K
Common Stock1.9B2.1B2.2B2.2B2.5B2.7B
Property Plant Equipment3.2B3.1B3.1B3.3B3.8B4.0B
Other Liab116.4M144.6M60.9M50.2M57.8M67.2M
Net Tangible Assets6.4B6.5B6.3B6.0B6.9B5.7B
Other Stockholder Equity242.8M(86.2M)(258.4M)73.4M66.0M35.2M
Deferred Long Term Liab24.6M7.0M8.1M5.6M5.1M10.0M
Short Long Term Debt1.3B335.9M574.2M735.7M827.9M699.9M
Total Current Assets5.3B3.4B3.4B3.4B2.9B3.5B
Non Current Assets Total4.7B5.0B5.2B5.4B5.4B5.2B
Non Currrent Assets Other243.7M187.2M479.0M247.1M206.5M196.2M
Short Term Investments278.2M7.8M3.1M14.9M11.4M10.8M
Non Current Liabilities Total144.6M93.7M50.2M52.6M88.9M84.5M
Net Invested Capital7.7B6.9B6.9B6.8B6.9B5.7B
Non Current Liabilities Other59.9M54.0M48.5M52.3M65.0M55.6M
Net Working Capital1.9B1.6B1.1B466.1M532.2M505.6M

Currently Active Assets on Macroaxis

Other Information on Investing in Pengxin Stock

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