Changjiang Retained Earnings vs Cash Analysis

600496 Stock

3.11 0.03 0.97%

Changjiang Jinggong financial indicator trend analysis is way more than just evaluating Changjiang Jinggong Steel prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changjiang Jinggong Steel is a good investment. Please check the relationship between Changjiang Jinggong Retained Earnings and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Changjiang Jinggong Steel. 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.

Retained Earnings vs Cash

Retained Earnings vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changjiang Jinggong Steel Retained Earnings account and Cash. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Changjiang Jinggong's Retained Earnings and Cash is 0.98. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of Changjiang Jinggong Steel, assuming nothing else is changed. The correlation between historical values of Changjiang Jinggong's Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Changjiang Jinggong Steel are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., Changjiang Jinggong's Retained Earnings and Cash go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Cash

Cash refers to the most liquid asset of Changjiang Jinggong Steel, which is listed under current asset account on Changjiang Jinggong Steel balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Changjiang Jinggong customers. The amounts must be unrestricted with restricted cash listed in a different Changjiang Jinggong account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Changjiang Jinggong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changjiang Jinggong Steel 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 Changjiang Jinggong Steel. 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 263.9 M. The current year's Tax Provision is expected to grow to about 25.1 M

	2021	2022	2023	2024 (projected)
Operating Income	904.1M	960.6M	790.1M	829.6M
Total Revenue	15.1B	15.6B	16.5B	17.3B

Operating Income Total Revenue

Changjiang Jinggong fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Other Liab	Short Term Investments	Intangible Assets	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		-0.22	0.99	0.99	0.99	0.99	0.97	0.8	0.71	0.9	-0.17	0.23	0.99	0.92	0.47	0.76	0.83	0.45	-0.89	0.85	0.72	-0.57	0.74	0.71	0.85	0.76
Other Current Liab	-0.22		-0.13	-0.16	-0.26	-0.26	-0.38	-0.36	-0.65	-0.07	0.48	0.68	-0.25	-0.07	0.34	-0.08	-0.21	0.14	0.18	-0.24	-0.15	0.34	0.02	0.18	-0.4	0.01
Total Current Liabilities	0.99	-0.13		0.98	0.98	0.99	0.94	0.78	0.65	0.92	-0.1	0.28	0.99	0.92	0.5	0.76	0.83	0.48	-0.88	0.83	0.7	-0.53	0.74	0.72	0.82	0.75
Total Stockholder Equity	0.99	-0.16	0.98		0.99	0.98	0.97	0.77	0.61	0.84	-0.23	0.32	0.97	0.94	0.43	0.79	0.87	0.47	-0.91	0.89	0.73	-0.6	0.78	0.77	0.86	0.79
Retained Earnings	0.99	-0.26	0.98	0.99		0.99	0.98	0.82	0.69	0.85	-0.27	0.2	0.98	0.91	0.41	0.8	0.84	0.44	-0.88	0.89	0.73	-0.64	0.74	0.71	0.88	0.74
Accounts Payable	0.99	-0.26	0.99	0.98	0.99		0.97	0.82	0.7	0.88	-0.2	0.2	0.99	0.92	0.43	0.76	0.86	0.4	-0.9	0.86	0.71	-0.58	0.73	0.7	0.86	0.75
Cash	0.97	-0.38	0.94	0.97	0.98	0.97		0.81	0.72	0.79	-0.36	0.14	0.95	0.87	0.31	0.74	0.88	0.38	-0.88	0.9	0.68	-0.66	0.72	0.68	0.91	0.74
Other Assets	0.8	-0.36	0.78	0.77	0.82	0.82	0.81		0.69	0.63	-0.49	-0.11	0.81	0.59	0.31	0.75	0.66	0.02	-0.6	0.77	0.55	-0.75	0.43	0.4	0.82	0.42
Long Term Debt	0.71	-0.65	0.65	0.61	0.69	0.7	0.72	0.69		0.67	-0.15	-0.35	0.76	0.55	0.3	0.34	0.42	0.08	-0.54	0.51	0.56	-0.41	0.39	0.22	0.64	0.39
Net Receivables	0.9	-0.07	0.92	0.84	0.85	0.88	0.79	0.63	0.67		0.22	0.17	0.92	0.83	0.62	0.56	0.6	0.52	-0.71	0.6	0.56	-0.33	0.57	0.51	0.61	0.58
Inventory	-0.17	0.48	-0.1	-0.23	-0.27	-0.2	-0.36	-0.49	-0.15	0.22		0.29	-0.13	-0.03	0.39	-0.47	-0.31	0.17	0.14	-0.5	-0.18	0.77	-0.07	-0.08	-0.52	-0.04
Other Current Assets	0.23	0.68	0.28	0.32	0.2	0.2	0.14	-0.11	-0.35	0.17	0.29		0.17	0.47	0.26	0.19	0.44	0.27	-0.43	0.27	0.24	0.23	0.57	0.72	0.09	0.61
Total Liab	0.99	-0.25	0.99	0.97	0.98	0.99	0.95	0.81	0.76	0.92	-0.13	0.17		0.9	0.49	0.72	0.79	0.43	-0.86	0.82	0.71	-0.55	0.71	0.66	0.84	0.72
Common Stock	0.92	-0.07	0.92	0.94	0.91	0.92	0.87	0.59	0.55	0.83	-0.03	0.47	0.9		0.48	0.63	0.82	0.43	-0.94	0.79	0.73	-0.39	0.84	0.84	0.72	0.87
Property Plant Equipment	0.47	0.34	0.5	0.43	0.41	0.43	0.31	0.31	0.3	0.62	0.39	0.26	0.49	0.48		0.19	0.14	0.26	-0.33	0.31	0.38	-0.15	0.35	0.32	0.26	0.38
Other Liab	0.76	-0.08	0.76	0.79	0.8	0.76	0.74	0.75	0.34	0.56	-0.47	0.19	0.72	0.63	0.19		0.65	0.49	-0.61	0.77	0.61	-0.73	0.49	0.55	0.75	0.49
Short Term Investments	0.83	-0.21	0.83	0.87	0.84	0.86	0.88	0.66	0.42	0.6	-0.31	0.44	0.79	0.82	0.14	0.65		0.27	-0.89	0.86	0.55	-0.44	0.76	0.78	0.83	0.8
Intangible Assets	0.45	0.14	0.48	0.47	0.44	0.4	0.38	0.02	0.08	0.52	0.17	0.27	0.43	0.43	0.26	0.49	0.27		-0.32	0.36	0.34	-0.19	0.36	0.32	0.33	0.35
Good Will	-0.89	0.18	-0.88	-0.91	-0.88	-0.9	-0.88	-0.6	-0.54	-0.71	0.14	-0.43	-0.86	-0.94	-0.33	-0.61	-0.89	-0.32		-0.8	-0.77	0.35	-0.9	-0.89	-0.74	-0.93
Net Tangible Assets	0.85	-0.24	0.83	0.89	0.89	0.86	0.9	0.77	0.51	0.6	-0.5	0.27	0.82	0.79	0.31	0.77	0.86	0.36	-0.8		0.73	-0.72	0.77	0.7	0.97	0.76
Other Stockholder Equity	0.72	-0.15	0.7	0.73	0.73	0.71	0.68	0.55	0.56	0.56	-0.18	0.24	0.71	0.73	0.38	0.61	0.55	0.34	-0.77	0.73		-0.37	0.87	0.75	0.69	0.83
Deferred Long Term Liab	-0.57	0.34	-0.53	-0.6	-0.64	-0.58	-0.66	-0.75	-0.41	-0.33	0.77	0.23	-0.55	-0.39	-0.15	-0.73	-0.44	-0.19	0.35	-0.72	-0.37		-0.22	-0.21	-0.73	-0.19
Long Term Investments	0.74	0.02	0.74	0.78	0.74	0.73	0.72	0.43	0.39	0.57	-0.07	0.57	0.71	0.84	0.35	0.49	0.76	0.36	-0.9	0.77	0.87	-0.22		0.93	0.67	0.98
Short Long Term Debt	0.71	0.18	0.72	0.77	0.71	0.7	0.68	0.4	0.22	0.51	-0.08	0.72	0.66	0.84	0.32	0.55	0.78	0.32	-0.89	0.7	0.75	-0.21	0.93		0.57	0.95
Total Current Assets	0.85	-0.4	0.82	0.86	0.88	0.86	0.91	0.82	0.64	0.61	-0.52	0.09	0.84	0.72	0.26	0.75	0.83	0.33	-0.74	0.97	0.69	-0.73	0.67	0.57		0.66
Short Term Debt	0.76	0.01	0.75	0.79	0.74	0.75	0.74	0.42	0.39	0.58	-0.04	0.61	0.72	0.87	0.38	0.49	0.8	0.35	-0.93	0.76	0.83	-0.19	0.98	0.95	0.66

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Changjiang Jinggong Account Relationship Matchups

Changjiang Jinggong fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.8B	15.8B	18.4B	21.9B	23.3B	24.5B
Other Current Liab	1.1B	1.3B	1.6B	500K	66.6M	63.3M
Total Current Liabilities	8.2B	8.7B	10.5B	11.1B	12.5B	13.1B
Total Stockholder Equity	5.3B	6.8B	7.5B	8.0B	8.5B	8.9B
Retained Earnings	2.4B	3.0B	3.6B	4.2B	4.4B	4.7B
Accounts Payable	5.1B	5.3B	6.7B	7.5B	8.9B	9.3B
Cash	2.0B	3.1B	2.8B	4.4B	4.6B	4.8B
Other Assets	184.0M	190.9M	395.7M	911.1M	1.0B	1.1B
Long Term Debt	643.4M	284.3M	162.3M	2.5B	2.2B	2.3B
Net Receivables	2.5B	2.1B	2.3B	2.7B	3.2B	3.4B
Inventory	5.3B	1.1B	1.4B	1.3B	1.4B	2.3B
Other Current Assets	763.0M	777.5M	883.6M	166.6M	134.2M	127.5M
Total Liab	8.5B	9.0B	10.8B	13.9B	14.8B	15.5B
Property Plant Equipment	1.1B	1.1B	1.1B	1.1B	1.3B	852.2M
Intangible Assets	317.2M	312.2M	366.2M	404.5M	363.2M	200.4M
Net Tangible Assets	4.6B	6.2B	6.8B	7.3B	8.3B	5.3B
Other Stockholder Equity	78.8M	99.1M	81.2M	237.6M	273.3M	142.0M
Deferred Long Term Liab	43.7M	22.9M	22.9M	22.3M	20.1M	27.6M
Short Long Term Debt	1.4B	1.8B	1.9B	1.3B	1.2B	1.5B
Total Current Assets	10.6B	12.4B	14.0B	17.2B	18.7B	13.1B
Non Current Assets Total	3.2B	3.4B	4.4B	4.7B	4.7B	4.1B
Non Currrent Assets Other	3.2B	62.8M	100.6M	71.3M	83.0M	78.9M
Non Current Liabilities Total	294.3M	238.1M	325.8M	2.8B	2.3B	1.2B
Non Current Liabilities Other	30.0M	6.9M	21.6M	206.5M	13.2M	12.5M
Net Invested Capital	6.7B	8.6B	9.6B	11.8B	11.9B	9.8B
Net Working Capital	2.4B	3.7B	3.5B	6.1B	6.2B	4.1B

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Other Information on Investing in Changjiang Stock

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

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Changjiang Retained Earnings vs Cash Analysis

Retained Earnings vs Cash

Retained Earnings vs Cash Correlation Analysis

Correlation Coefficient

Retained Earnings

Cash

Changjiang Jinggong fundamental ratios Correlations

Changjiang Jinggong Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Changjiang Jinggong fundamental ratios Accounts

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Other Information on Investing in Changjiang Stock

COMMON DESTINATIONS

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Total Current Liabilities	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities

Good Will	- 0.94	Common Stock
Short Term Debt	- 0.93	Good Will
Good Will	- 0.91	Total Stockholder Equity
Long Term Investments	- 0.9	Good Will
Good Will	- 0.9	Accounts Payable
Short Long Term Debt	- 0.89	Good Will