Xiamen Cash vs Short Term Investments Analysis

600755 Stock   6.63  0.05  0.75%   
Xiamen ITG financial indicator trend analysis is more than just analyzing Xiamen ITG Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen ITG Group is a good investment. Please check the relationship between Xiamen ITG Cash and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen ITG Group. 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.

Cash vs Short Term Investments

Cash vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiamen ITG Group Cash account and Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Xiamen ITG's Cash and Short Term Investments is 0.66. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Xiamen ITG Group, assuming nothing else is changed. The correlation between historical values of Xiamen ITG's Cash and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Xiamen ITG Group are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Cash i.e., Xiamen ITG's Cash and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.66
Relationship DirectionPositive 
Relationship StrengthSignificant

Cash

Cash refers to the most liquid asset of Xiamen ITG Group, which is listed under current asset account on Xiamen ITG Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Xiamen ITG customers. The amounts must be unrestricted with restricted cash listed in a different Xiamen ITG 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.

Short Term Investments

Short Term Investments is an item under the current assets section of Xiamen ITG balance sheet. It contains any investments Xiamen ITG Group undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Xiamen ITG Group can easily liquidate in the marketplace.
Most indicators from Xiamen ITG's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen ITG Group 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 Xiamen ITG Group. 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 Tax Provision is expected to grow to about 922.2 M, whereas Selling General Administrative is forecasted to decline to about 1.2 B.
 2021 2022 2023 2024 (projected)
Operating Income5.5B6.8B3.9B4.1B
Total Revenue464.8B521.9B468.2B491.7B

Xiamen ITG fundamental ratios Correlations

0.470.990.980.870.920.930.820.630.650.770.61.00.530.880.840.980.780.450.940.88-0.120.860.890.960.89
0.470.450.430.520.120.30.520.50.280.790.860.48-0.470.29-0.020.380.83-0.540.460.570.260.520.370.510.57
0.990.450.970.840.930.940.790.570.670.740.610.990.540.90.860.990.770.450.920.85-0.160.840.880.950.86
0.980.430.970.850.920.890.870.550.730.720.560.970.560.870.840.970.770.480.960.93-0.070.90.880.940.92
0.870.520.840.850.710.720.780.720.70.790.460.860.40.720.590.770.720.350.820.880.310.810.790.820.81
0.920.120.930.920.710.950.670.410.580.490.380.910.770.860.980.960.550.70.860.73-0.330.720.820.870.75
0.930.30.940.890.720.950.610.440.490.570.580.930.580.810.920.970.660.50.850.7-0.340.70.850.920.74
0.820.520.790.870.780.670.610.570.780.750.520.80.310.690.560.750.730.250.860.950.20.920.770.770.92
0.630.50.570.550.720.410.440.570.210.810.320.660.170.420.270.460.570.130.530.630.190.560.580.640.6
0.650.280.670.730.70.580.490.780.210.480.250.630.430.710.560.620.410.410.680.760.410.740.650.520.67
0.770.790.740.720.790.490.570.750.810.480.670.790.030.620.360.650.85-0.040.750.80.160.780.720.780.83
0.60.860.610.560.460.380.580.520.320.250.670.59-0.30.390.290.60.85-0.390.60.56-0.10.570.530.680.64
1.00.480.990.970.860.910.930.80.660.630.790.590.520.890.830.970.780.440.920.86-0.130.840.890.950.87
0.53-0.470.540.560.40.770.580.310.170.430.03-0.30.520.620.810.58-0.030.990.470.34-0.280.340.480.420.31
0.880.290.90.870.720.860.810.690.420.710.620.390.890.620.840.890.560.560.760.7-0.140.680.70.740.68
0.84-0.020.860.840.590.980.920.560.270.560.360.290.830.810.840.90.410.750.780.61-0.370.630.780.790.64
0.980.380.990.970.770.960.970.750.460.620.650.60.970.580.890.90.740.490.920.81-0.270.810.850.940.84
0.780.830.770.770.720.550.660.730.570.410.850.850.78-0.030.560.410.74-0.120.810.8-0.040.80.650.830.85
0.45-0.540.450.480.350.70.50.250.130.41-0.04-0.390.440.990.560.750.49-0.120.40.28-0.220.280.410.340.24
0.940.460.920.960.820.860.850.860.530.680.750.60.920.470.760.780.920.810.40.94-0.060.960.910.950.97
0.880.570.850.930.880.730.70.950.630.760.80.560.860.340.70.610.810.80.280.940.220.960.840.870.96
-0.120.26-0.16-0.070.31-0.33-0.340.20.190.410.16-0.1-0.13-0.28-0.14-0.37-0.27-0.04-0.22-0.060.220.14-0.02-0.150.05
0.860.520.840.90.810.720.70.920.560.740.780.570.840.340.680.630.810.80.280.960.960.140.870.880.98
0.890.370.880.880.790.820.850.770.580.650.720.530.890.480.70.780.850.650.410.910.84-0.020.870.910.89
0.960.510.950.940.820.870.920.770.640.520.780.680.950.420.740.790.940.830.340.950.87-0.150.880.910.91
0.890.570.860.920.810.750.740.920.60.670.830.640.870.310.680.640.840.850.240.970.960.050.980.890.91
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Xiamen ITG Account Relationship Matchups

Xiamen ITG fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets89.5B113.4B97.7B112.9B113.1B118.8B
Other Current Liab28.0B33.6B30.1B27.5B2.0B1.9B
Total Current Liabilities54.2B63.8B59.2B73.0B68.6B72.0B
Total Stockholder Equity24.8B26.2B29.1B30.2B32.6B34.3B
Other Liab472.2M770.5M379.3M500.9M576.0M604.8M
Accounts Payable12.8B17.2B19.7B25.1B31.1B32.6B
Cash6.7B12.4B10.8B17.9B14.3B15.1B
Other Assets5.4B4.6B4.9B4.3B4.9B5.1B
Long Term Debt7.5B14.0B2.5B1.2B4.9B5.1B
Net Receivables8.9B3.8B5.6B9.1B10.0B10.5B
Inventory39.7B50.0B31.4B29.3B31.6B17.0B
Other Current Assets12.9B18.5B21.4B28.4B2.4B2.3B
Total Liab62.0B78.6B62.2B74.8B74.5B78.2B
Intangible Assets126.9M140.6M138.0M302.7M4.5B4.7B
Common Stock1.9B1.9B2.1B2.2B2.5B2.7B
Property Plant Equipment2.2B2.6B3.2B5.2B6.0B6.3B
Retained Earnings8.7B10.4B12.5B14.4B13.3B14.0B
Short Term Investments2.8B3.6B4.3B3.1B1.6B1.1B
Net Tangible Assets24.6B26.0B29.0B29.9B34.4B24.8B
Other Stockholder Equity11.3B10.4B9.9B9.3B10.7B9.7B
Deferred Long Term Liab43.1M44.5M24.5M33.5M30.1M35.7M
Short Long Term Debt10.8B11.3B4.1B14.8B14.8B9.2B
Total Current Assets72.0B94.6B80.5B93.6B87.4B77.6B
Non Current Assets Total17.4B18.8B17.3B19.3B25.8B18.0B
Non Currrent Assets Other788.0M775.2M81.5M48.5M320.5M481.8M
Non Current Liabilities Total7.8B14.7B3.0B1.8B5.9B6.4B
Non Current Liabilities Other26.7M18.7M17.1M83.5M100.4M60.5M
Net Debt7.6B11.4B12.8B5.3B6.1B9.6B
Common Stock Shares Outstanding1.9B1.9B2.1B2.2B2.2B2.2B
Net Invested Capital42.8B51.5B35.7B46.2B52.3B47.0B
Net Working Capital17.8B30.8B21.3B20.6B18.8B22.7B
Capital Stock2.0B2.1B2.1B2.2B2.2B2.3B

Currently Active Assets on Macroaxis

Other Information on Investing in Xiamen Stock

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