Inner Intangible Assets vs Accounts Payable Analysis

601216 Stock   5.50  0.04  0.73%   
Inner Mongolia financial indicator trend analysis is infinitely more than just investigating Inner Mongolia Junzheng recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inner Mongolia Junzheng is a good investment. Please check the relationship between Inner Mongolia Intangible Assets and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Inner Mongolia Junzheng. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Intangible Assets vs Accounts Payable

Intangible Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Inner Mongolia Junzheng Intangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have weak relationship.
The correlation between Inner Mongolia's Intangible Assets and Accounts Payable is 0.38. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Inner Mongolia Junzheng, assuming nothing else is changed. The correlation between historical values of Inner Mongolia's Intangible Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Inner Mongolia Junzheng are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Intangible Assets i.e., Inner Mongolia's Intangible Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.38
Relationship DirectionPositive 
Relationship StrengthVery Weak

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Accounts Payable

An accounting item on the balance sheet that represents Inner Mongolia obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Inner Mongolia Junzheng are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Inner Mongolia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inner Mongolia Junzheng 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 Inner Mongolia Junzheng. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
The current year's Selling General Administrative is expected to grow to about 417.5 M. The current year's Tax Provision is expected to grow to about 563.1 M
 2021 2022 2023 2024 (projected)
Operating Income5.1B3.9B2.5B1.9B
Total Revenue19.3B21.5B19.1B20.1B

Inner Mongolia fundamental ratios Correlations

0.630.890.990.890.510.680.630.280.110.620.92-0.080.970.930.890.820.720.870.89-0.050.630.860.510.450.72
0.630.530.580.48-0.110.420.250.39-0.010.890.48-0.050.690.620.510.350.240.550.41-0.60.390.30.110.630.33
0.890.530.860.950.720.80.630.12-0.020.530.790.010.910.850.720.930.870.840.860.080.620.860.490.50.66
0.990.580.860.890.520.660.650.230.150.590.94-0.10.930.90.920.80.710.840.9-0.020.60.860.540.410.74
0.890.480.950.890.770.750.650.030.00.570.880.040.850.810.760.940.930.840.920.120.660.880.480.530.71
0.51-0.110.720.520.770.650.45-0.4-0.10.070.610.260.460.380.350.830.920.530.740.540.530.740.350.330.45
0.680.420.80.660.750.650.29-0.21-0.020.460.54-0.030.690.540.430.760.770.550.690.240.590.590.230.660.3
0.630.250.630.650.650.450.290.13-0.160.230.65-0.360.560.650.710.470.480.680.60.060.020.720.77-0.060.9
0.280.390.120.230.03-0.4-0.210.130.340.120.09-0.360.360.50.380.01-0.260.34-0.08-0.4-0.120.080.34-0.260.3
0.11-0.01-0.020.150.0-0.1-0.02-0.160.34-0.170.02-0.30.060.180.350.09-0.1-0.13-0.13-0.01-0.19-0.160.14-0.30.12
0.620.890.530.590.570.070.460.230.12-0.170.60.10.640.520.420.420.410.580.54-0.450.590.34-0.060.830.28
0.920.480.790.940.880.610.540.650.090.020.60.090.840.80.810.790.770.860.940.010.670.870.460.460.74
-0.08-0.050.01-0.10.040.26-0.03-0.36-0.36-0.30.10.09-0.05-0.24-0.320.180.26-0.030.17-0.010.520.08-0.430.4-0.34
0.970.690.910.930.850.460.690.560.360.060.640.84-0.050.940.80.810.680.880.82-0.110.650.810.430.490.63
0.930.620.850.90.810.380.540.650.50.180.520.8-0.240.940.890.720.590.870.76-0.070.460.790.610.270.76
0.890.510.720.920.760.350.430.710.380.350.420.81-0.320.80.890.640.520.730.74-0.10.310.750.70.110.84
0.820.350.930.80.940.830.760.470.010.090.420.790.180.810.720.640.930.740.850.210.710.820.360.490.55
0.720.240.870.710.930.920.770.48-0.26-0.10.410.770.260.680.590.520.930.70.890.330.710.820.340.570.52
0.870.550.840.840.840.530.550.680.34-0.130.580.86-0.030.880.870.730.740.70.83-0.060.550.890.610.430.8
0.890.410.860.90.920.740.690.6-0.08-0.130.540.940.170.820.760.740.850.890.830.150.760.940.440.540.65
-0.05-0.60.08-0.020.120.540.240.06-0.4-0.01-0.450.01-0.01-0.11-0.07-0.10.210.33-0.060.150.020.150.17-0.13-0.03
0.630.390.620.60.660.530.590.02-0.12-0.190.590.670.520.650.460.310.710.710.550.760.020.61-0.180.750.08
0.860.30.860.860.880.740.590.720.08-0.160.340.870.080.810.790.750.820.820.890.940.150.610.630.310.77
0.510.110.490.540.480.350.230.770.340.14-0.060.46-0.430.430.610.70.360.340.610.440.17-0.180.63-0.260.87
0.450.630.50.410.530.330.66-0.06-0.26-0.30.830.460.40.490.270.110.490.570.430.54-0.130.750.31-0.26-0.02
0.720.330.660.740.710.450.30.90.30.120.280.74-0.340.630.760.840.550.520.80.65-0.030.080.770.87-0.02
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Inner Mongolia Account Relationship Matchups

Inner Mongolia fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets31.5B33.7B36.1B38.8B40.2B21.6B
Other Current Liab1.3B5.0B4.6B3.2B92.6M88.0M
Total Current Liabilities7.4B9.3B8.6B9.1B9.8B10.3B
Total Stockholder Equity18.9B20.8B22.7B25.7B26.9B13.7B
Retained Earnings10.2B12.0B14.0B16.8B16.0B16.8B
Accounts Payable1.4B1.0B1.5B3.5B5.8B6.1B
Cash1.1B4.4B2.2B4.8B4.2B4.4B
Other Assets2.5B3.3B3.6B3.6B4.2B4.4B
Long Term Debt4.4B2.9B2.3B1.3B912.1M866.5M
Net Receivables1.7B590.3M734.0M980.9M695.5M1.0B
Short Term Investments224.3M3.3B5.2B4.7B20.8M19.8M
Inventory598.3M540.1M856.6M939.8M977.8M506.1M
Other Current Assets202.4M267.0M473.3M297.0M587.7M333.3M
Total Liab12.0B12.5B12.9B12.6B12.6B7.7B
Intangible Assets852.6M747.1M670.6M724.0M685.1M451.3M
Property Plant Equipment13.4B12.4B14.0B15.7B18.1B19.0B
Other Liab147.4M208.2M263.7M438.0M503.8M528.9M
Net Tangible Assets16.6B18.5B20.5B23.5B27.0B18.6B
Other Stockholder Equity33.7M(57.9M)(162.0M)96.3M86.6M91.0M
Deferred Long Term Liab71.7M61.8M103.8M98.0M112.7M62.1M
Short Long Term Debt1.1B1.5B8M638.4M1.3B1.1B
Total Current Assets3.8B10.3B11.0B13.2B7.6B7.5B
Non Current Assets Total27.7B23.4B25.1B25.7B32.5B26.1B
Non Currrent Assets Other2.2B3.1B3.4B3.4B2.8B2.8B
Non Current Liabilities Total4.6B3.2B4.4B3.5B2.7B3.4B
Net Debt3.9B4.5B123.2M119.3M107.4M102.0M
Net Invested Capital24.5B25.2B24.9B27.6B29.2B26.9B
Net Working Capital(3.6B)970.0M2.4B4.1B(2.2B)(2.1B)

Currently Active Assets on Macroaxis

Other Information on Investing in Inner Stock

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