Pengxin Other Liab vs Total Assets 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 Liab and its Total Assets 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 Liab vs Total Assets

Other Liab vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pengxin International Other Liab account and Total Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Pengxin International's Other Liab and Total Assets is 0.35. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Total Assets 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 Liab and Total 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 Liab of Pengxin International Mining are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Liab i.e., Pengxin International's Other Liab and Total Assets go up and down completely randomly.

Correlation Coefficient

0.35
Relationship DirectionPositive 
Relationship StrengthVery Weak

Other Liab

Total Assets

Total assets refers to the total amount of Pengxin International assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Pengxin International books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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.