Anyang Long Term Investments vs Net Receivables Analysis
600569 Stock | 1.86 0.02 1.06% |
Anyang Iron financial indicator trend analysis is way more than just evaluating Anyang Iron Steel prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anyang Iron Steel is a good investment. Please check the relationship between Anyang Iron Long Term Investments and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anyang Iron 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.
Long Term Investments vs Net Receivables
Long Term Investments vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Anyang Iron Steel Long Term Investments account and Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Anyang Iron's Long Term Investments and Net Receivables is -0.42. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Anyang Iron Steel, assuming nothing else is changed. The correlation between historical values of Anyang Iron's Long Term Investments 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 Long Term Investments of Anyang Iron Steel 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 Long Term Investments i.e., Anyang Iron's Long Term Investments and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.42 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Long Term Investments
Long Term Investments is an item on the asset side of Anyang Iron balance sheet that represents investments Anyang Iron Steel intends to hold for over a year. Anyang Iron Steel long term investments may include different instruments such as stocks, bonds, real estate and cash.Net Receivables
Most indicators from Anyang Iron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anyang Iron 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 Anyang Iron 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 547 M, whereas Tax Provision is projected to grow to (584 M).
Anyang Iron fundamental ratios Correlations
Click cells to compare fundamentals
Anyang Iron Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Anyang Iron fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 38.2B | 40.5B | 45.8B | 42.6B | 43.5B | 29.3B | |
Other Current Liab | 3.4B | 4.4B | 4.2B | 361.8M | 335.3M | 318.5M | |
Total Current Liabilities | 24.5B | 26.1B | 30.9B | 28.6B | 31.7B | 17.4B | |
Total Stockholder Equity | 9.9B | 10.0B | 10.8B | 7.5B | 5.9B | 8.0B | |
Other Liab | 610.2M | 303.1M | 362.0M | 524.2M | 602.9M | 633.0M | |
Retained Earnings | 2.4B | 2.5B | 3.4B | (1.7B) | (3.3B) | (3.1B) | |
Accounts Payable | 15.7B | 16.9B | 20.2B | 18.7B | 20.7B | 21.7B | |
Cash | 8.7B | 8.3B | 8.2B | 6.5B | 7.6B | 4.6B | |
Net Receivables | 2.5B | 564.2M | 639.9M | 734.7M | 664.1M | 630.9M | |
Inventory | 8.1B | 9.7B | 10.8B | 10.7B | 9.2B | 6.0B | |
Other Current Assets | 746.2M | 981.2M | 1.3B | 134.7M | 177.9M | 169.0M | |
Total Liab | 27.5B | 29.7B | 34.1B | 34.5B | 36.1B | 20.9B | |
Property Plant Equipment | 15.8B | 16.1B | 19.9B | 20.1B | 23.1B | 14.5B | |
Long Term Debt | 2.7B | 1.6B | 672.4M | 3.0B | 1.3B | 1.2B | |
Short Term Investments | 23.8M | 21.6M | 29.5M | 23.6M | 23.9M | 22.7M | |
Other Assets | 386.0M | 391.5M | 553.5M | 521.0M | 599.2M | 314.1M | |
Intangible Assets | 1.7B | 2.1B | 2.3B | 2.2B | 2.3B | 1.5B | |
Net Tangible Assets | 6.6B | 8.2B | 7.9B | 8.5B | 9.8B | 6.6B | |
Other Stockholder Equity | 85.6M | 79.6M | 65.6M | 65.9M | 75.8M | 77.5M | |
Short Long Term Debt | 4.0B | 4.5B | 4.8B | 4.9B | 4.6B | 4.7B | |
Total Current Assets | 20.0B | 21.5B | 22.7B | 19.4B | 19.4B | 19.6B | |
Non Current Assets Total | 18.2B | 19.0B | 23.1B | 23.2B | 24.1B | 22.5B | |
Non Currrent Assets Other | 289.1M | 289.6M | 376.2M | 290.1M | 333.6M | 329.3M | |
Non Current Liabilities Total | 3.0B | 3.6B | 3.3B | 5.9B | 4.4B | 4.2B | |
Non Current Liabilities Other | 1.1B | 1.6B | 1.7B | 14.7M | 13.3M | 12.6M | |
Net Invested Capital | 15.0B | 16.0B | 16.3B | 15.3B | 11.7B | 11.6B | |
Net Working Capital | (4.5B) | (4.6B) | (8.2B) | (9.2B) | (12.2B) | (12.8B) |
Currently Active Assets on Macroaxis
Other Information on Investing in Anyang Stock
Balance Sheet is a snapshot of the financial position of Anyang Iron Steel at a specified time, usually calculated after every quarter, six months, or one year. Anyang Iron Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Anyang Iron 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 Anyang currently owns. An asset can also be divided into two categories, current and non-current.