Anyang Other Current Liab vs Other Current 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 Liab and its Other Current 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 Liab vs Other Current Assets

Other Current Liab vs Other Current 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 Liab account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Anyang Iron's Other Current Liab and Other Current Assets is 0.69. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Other Current 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 Liab and Other Current 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 Liab of Anyang Iron Steel are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Other Current Liab i.e., Anyang Iron's Other Current Liab and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Current Liab

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.
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

0.290.960.65-0.110.060.770.870.00.910.440.980.960.890.16-0.850.750.120.650.430.590.50.610.490.480.31
0.290.290.43-0.10.680.10.480.250.220.690.220.150.02-0.02-0.180.310.170.160.390.050.360.240.37-0.330.1
0.960.290.46-0.08-0.070.80.86-0.10.880.340.990.940.860.01-0.760.830.260.660.440.620.570.590.560.510.3
0.650.430.46-0.060.580.430.620.170.630.740.480.580.480.25-0.650.28-0.210.440.380.340.210.550.180.160.27
-0.11-0.1-0.08-0.06-0.170.05-0.21-0.15-0.090.1-0.11-0.08-0.05-0.310.15-0.13-0.090.290.260.320.350.20.340.390.13
0.060.68-0.070.58-0.17-0.350.170.360.030.72-0.08-0.1-0.050.26-0.05-0.23-0.3-0.14-0.09-0.24-0.26-0.02-0.26-0.5-0.19
0.770.10.80.430.05-0.350.75-0.370.780.220.770.810.58-0.3-0.610.850.450.80.670.770.720.790.70.730.52
0.870.480.860.62-0.210.170.75-0.040.790.550.830.860.61-0.08-0.650.830.380.750.620.690.530.720.540.340.42
0.00.25-0.10.17-0.150.36-0.37-0.04-0.3-0.03-0.03-0.070.120.81-0.27-0.31-0.52-0.42-0.09-0.42-0.16-0.51-0.12-0.57-0.48
0.910.220.880.63-0.090.030.780.79-0.30.450.880.890.73-0.04-0.660.770.270.740.440.640.550.750.510.590.41
0.440.690.340.740.10.720.220.55-0.030.450.30.340.19-0.17-0.250.220.00.410.280.30.20.590.170.070.26
0.980.220.990.48-0.11-0.080.770.83-0.030.880.30.950.910.13-0.810.790.180.610.380.570.520.540.510.510.27
0.960.150.940.58-0.08-0.10.810.86-0.070.890.340.950.870.08-0.820.770.140.710.520.70.510.650.510.540.44
0.890.020.860.48-0.05-0.050.580.610.120.730.190.910.870.35-0.880.49-0.20.370.140.390.240.280.240.420.12
0.16-0.020.010.25-0.310.26-0.3-0.080.81-0.04-0.170.130.080.35-0.46-0.29-0.65-0.46-0.3-0.47-0.26-0.52-0.24-0.45-0.41
-0.85-0.18-0.76-0.650.15-0.05-0.61-0.65-0.27-0.66-0.25-0.81-0.82-0.88-0.46-0.440.29-0.31-0.29-0.3-0.29-0.29-0.29-0.2-0.2
0.750.310.830.28-0.13-0.230.850.83-0.310.770.220.790.770.49-0.29-0.440.710.780.640.740.740.720.740.580.51
0.120.170.26-0.21-0.09-0.30.450.38-0.520.270.00.180.14-0.2-0.650.290.710.550.430.510.550.510.540.430.31
0.650.160.660.440.29-0.140.80.75-0.420.740.410.610.710.37-0.46-0.310.780.550.780.960.70.920.680.740.57
0.430.390.440.380.26-0.090.670.62-0.090.440.280.380.520.14-0.3-0.290.640.430.780.740.770.70.790.330.58
0.590.050.620.340.32-0.240.770.69-0.420.640.30.570.70.39-0.47-0.30.740.510.960.740.640.830.640.740.61
0.50.360.570.210.35-0.260.720.53-0.160.550.20.520.510.24-0.26-0.290.740.550.70.770.640.650.990.50.41
0.610.240.590.550.2-0.020.790.72-0.510.750.590.540.650.28-0.52-0.290.720.510.920.70.830.650.620.690.64
0.490.370.560.180.34-0.260.70.54-0.120.510.170.510.510.24-0.24-0.290.740.540.680.790.640.990.620.460.4
0.48-0.330.510.160.39-0.50.730.34-0.570.590.070.510.540.42-0.45-0.20.580.430.740.330.740.50.690.460.37
0.310.10.30.270.13-0.190.520.42-0.480.410.260.270.440.12-0.41-0.20.510.310.570.580.610.410.640.40.37
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Anyang Iron Account Relationship Matchups

Anyang Iron fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets38.2B40.5B45.8B42.6B43.5B29.3B
Other Current Liab3.4B4.4B4.2B361.8M335.3M318.5M
Total Current Liabilities24.5B26.1B30.9B28.6B31.7B17.4B
Total Stockholder Equity9.9B10.0B10.8B7.5B5.9B8.0B
Other Liab610.2M303.1M362.0M524.2M602.9M633.0M
Retained Earnings2.4B2.5B3.4B(1.7B)(3.3B)(3.1B)
Accounts Payable15.7B16.9B20.2B18.7B20.7B21.7B
Cash8.7B8.3B8.2B6.5B7.6B4.6B
Net Receivables2.5B564.2M639.9M734.7M664.1M630.9M
Inventory8.1B9.7B10.8B10.7B9.2B6.0B
Other Current Assets746.2M981.2M1.3B134.7M177.9M169.0M
Total Liab27.5B29.7B34.1B34.5B36.1B20.9B
Property Plant Equipment15.8B16.1B19.9B20.1B23.1B14.5B
Long Term Debt2.7B1.6B672.4M3.0B1.3B1.2B
Short Term Investments23.8M21.6M29.5M23.6M23.9M22.7M
Other Assets386.0M391.5M553.5M521.0M599.2M314.1M
Intangible Assets1.7B2.1B2.3B2.2B2.3B1.5B
Net Tangible Assets6.6B8.2B7.9B8.5B9.8B6.6B
Other Stockholder Equity85.6M79.6M65.6M65.9M75.8M77.5M
Short Long Term Debt4.0B4.5B4.8B4.9B4.6B4.7B
Total Current Assets20.0B21.5B22.7B19.4B19.4B19.6B
Non Current Assets Total18.2B19.0B23.1B23.2B24.1B22.5B
Non Currrent Assets Other289.1M289.6M376.2M290.1M333.6M329.3M
Non Current Liabilities Total3.0B3.6B3.3B5.9B4.4B4.2B
Non Current Liabilities Other1.1B1.6B1.7B14.7M13.3M12.6M
Net Invested Capital15.0B16.0B16.3B15.3B11.7B11.6B
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.