Inner Net Receivables vs Other Current Assets 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 Net Receivables and its Other Current Assets 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.

Net Receivables vs Other Current Assets

Net Receivables vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Inner Mongolia Junzheng Net Receivables account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Inner Mongolia's Net Receivables and Other Current Assets is -0.3. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Other Current Assets 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 Net Receivables 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 Net Receivables of Inner Mongolia Junzheng 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 Net Receivables i.e., Inner Mongolia's Net Receivables and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.3
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Receivables

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 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.