Anyang Other Current Assets vs Total Assets 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 Other Current Assets and its Total Assets 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.
Other Current Assets vs Total Assets
Other Current Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Anyang Iron Steel Other Current Assets account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Anyang Iron's Other Current Assets and Total Assets is 0.44. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Assets 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 Other Current Assets 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 Current Assets of Anyang Iron Steel 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 Current Assets i.e., Anyang Iron's Other Current Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.44 |
Relationship Direction | Positive |
Relationship Strength | Weak |
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.Total Assets
Total assets refers to the total amount of Anyang Iron 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 Anyang Iron Steel 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 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
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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.