China Non Current Assets Total vs Total Current Assets Analysis

603505 Stock   25.56  0.52  1.99%   
China Kings financial indicator trend analysis is way more than just evaluating China Kings Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Kings Resources is a good investment. Please check the relationship between China Kings Non Current Assets Total and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Kings Resources. 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.

Non Current Assets Total vs Total Current Assets

Non Current Assets Total vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Kings Resources Non Current Assets Total account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between China Kings' Non Current Assets Total and Total Current Assets is 0.85. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of China Kings Resources, assuming nothing else is changed. The correlation between historical values of China Kings' Non Current Assets Total and Total 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 Non Current Assets Total of China Kings Resources are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Non Current Assets Total i.e., China Kings' Non Current Assets Total and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from China Kings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Kings Resources 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 China Kings Resources. 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 48.1 M, whereas Tax Provision is forecasted to decline to about 53 M.
 2021 2022 2023 2024 (projected)
Operating Income334.4M307.5M441.3M463.4M
Total Revenue1.0B1.1B1.9B2.0B

China Kings fundamental ratios Correlations

0.090.990.78-0.320.730.950.620.280.860.970.90.990.480.980.980.970.79-0.750.860.010.950.770.990.840.87
0.090.030.58-0.010.67-0.210.740.170.27-0.11-0.3-0.030.820.160.2-0.120.59-0.580.090.39-0.19-0.120.120.530.39
0.990.030.73-0.30.670.960.550.240.860.980.910.990.420.950.960.970.74-0.680.830.040.940.780.980.790.86
0.780.580.73-0.230.980.580.90.360.760.630.490.70.760.810.830.650.99-0.850.850.20.590.660.770.950.93
-0.32-0.01-0.3-0.23-0.23-0.35-0.30.1-0.3-0.34-0.27-0.310.08-0.25-0.27-0.37-0.320.31-0.40.04-0.38-0.36-0.37-0.36-0.33
0.730.670.670.98-0.230.50.950.380.680.560.430.640.810.770.790.580.98-0.890.780.190.540.560.730.960.86
0.95-0.210.960.58-0.350.50.380.210.790.980.960.980.210.90.890.990.6-0.550.82-0.060.980.80.940.670.75
0.620.740.550.9-0.30.950.380.380.560.460.290.530.80.650.680.470.9-0.950.660.120.450.440.650.920.76
0.280.170.240.360.10.380.210.380.210.240.210.250.10.350.280.220.36-0.350.33-0.120.240.140.30.40.26
0.860.270.860.76-0.30.680.790.560.210.810.660.820.510.850.850.80.78-0.620.720.240.710.650.850.750.91
0.97-0.110.980.63-0.340.560.980.460.240.810.940.980.260.90.890.970.65-0.620.81-0.030.960.770.970.720.8
0.9-0.30.910.49-0.270.430.960.290.210.660.940.940.120.850.830.940.5-0.480.75-0.240.950.70.880.580.63
0.99-0.030.990.7-0.310.640.980.530.250.820.980.940.380.950.950.990.71-0.680.85-0.020.970.80.980.770.83
0.480.820.420.760.080.810.210.80.10.510.260.120.380.540.60.30.73-0.760.390.320.230.240.450.710.6
0.980.160.950.81-0.250.770.90.650.350.850.90.850.950.540.990.940.82-0.740.85-0.010.90.740.950.860.86
0.980.20.960.83-0.270.790.890.680.280.850.890.830.950.60.990.940.83-0.770.860.050.890.770.940.860.87
0.97-0.120.970.65-0.370.580.990.470.220.80.970.940.990.30.940.940.67-0.620.85-0.060.980.820.950.730.79
0.790.590.740.99-0.320.980.60.90.360.780.650.50.710.730.820.830.67-0.850.830.180.60.620.80.970.93
-0.75-0.58-0.68-0.850.31-0.89-0.55-0.95-0.35-0.62-0.62-0.48-0.68-0.76-0.74-0.77-0.62-0.85-0.7-0.01-0.62-0.51-0.78-0.92-0.77
0.860.090.830.85-0.40.780.820.660.330.720.810.750.850.390.850.860.850.83-0.7-0.020.830.910.850.850.86
0.010.390.040.20.040.19-0.060.12-0.120.24-0.03-0.24-0.020.32-0.010.05-0.060.18-0.01-0.02-0.160.060.020.150.27
0.95-0.190.940.59-0.380.540.980.450.240.710.960.950.970.230.90.890.980.6-0.620.83-0.160.80.930.70.72
0.77-0.120.780.66-0.360.560.80.440.140.650.770.70.80.240.740.770.820.62-0.510.910.060.80.740.630.77
0.990.120.980.77-0.370.730.940.650.30.850.970.880.980.450.950.940.950.8-0.780.850.020.930.740.860.88
0.840.530.790.95-0.360.960.670.920.40.750.720.580.770.710.860.860.730.97-0.920.850.150.70.630.860.9
0.870.390.860.93-0.330.860.750.760.260.910.80.630.830.60.860.870.790.93-0.770.860.270.720.770.880.9
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China Kings Account Relationship Matchups

China Kings fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.8B2.0B2.2B3.1B5.0B5.3B
Other Current Liab123.7M132.3M159.7M107.4M18.6M17.7M
Total Current Liabilities589.6M617.3M643.2M857.7M1.8B1.9B
Total Stockholder Equity1.0B1.1B1.3B1.4B1.6B852.3M
Other Liab78.5M75.9M75.5M61.4M55.3M64.9M
Retained Earnings602.2M768.8M942.1M967.4M965.1M487.5M
Accounts Payable92.2M59.6M69.4M301.5M824.1M865.3M
Cash221.3M275.2M290.5M292.0M231.4M139.1M
Other Assets5.7M11.4M28.4M18.4M21.2M11.9M
Net Receivables197.8M89.2M161.6M166.6M283.9M298.1M
Inventory93.4M98.3M105.4M122.8M443.6M465.7M
Other Current Assets11.9M1.9M40.7M61.2M176.8M185.6M
Total Liab815.5M860.5M845.8M1.5B2.9B3.0B
Intangible Assets479.9M462.1M441.2M522.9M280.7M350.2M
Property Plant Equipment820.4M830.4M886.0M1.6B1.9B1.9B
Net Tangible Assets520.5M619.4M845.8M830.4M954.9M556.5M
Other Stockholder Equity(17.6M)(17.4M)(18.2M)(18.6M)(16.7M)(15.9M)
Non Current Assets Total1.3B1.3B1.4B2.2B3.4B1.7B
Non Currrent Assets Other2.1M831.9M6.9M11.6M34.6M32.9M
Non Current Liabilities Total225.9M243.1M202.5M614.5M1.1B1.2B
Short Long Term Debt334.3M337.2M196.1M404.2M581.2M375.7M
Total Current Assets524.3M660.8M799.4M817.8M1.6B1.7B
Non Current Liabilities Other11.4M13.3M15.0M15.0M16.2M13.4M
Net Debt260.4M229.3M29.7M661.6M1.4B1.5B
Deferred Long Term Liab155.3K103.6K51.8K271.2K311.8K173.6K
Net Invested Capital1.5B1.6B1.6B2.3B3.3B2.0B
Net Working Capital(65.3M)43.5M156.2M(39.8M)(180.6M)(171.5M)

Currently Active Assets on Macroaxis

Other Information on Investing in China Stock

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