Henan Total Revenue vs Non Current Assets Total Analysis

605368 Stock   11.31  0.10  0.89%   
Henan Lantian financial indicator trend analysis is much more than just examining Henan Lantian Gas latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Henan Lantian Gas is a good investment. Please check the relationship between Henan Lantian Total Revenue and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Henan Lantian Gas. 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.

Total Revenue vs Non Current Assets Total

Total Revenue vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Henan Lantian Gas Total Revenue account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Henan Lantian's Total Revenue and Non Current Assets Total is 0.94. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Henan Lantian Gas, assuming nothing else is changed. The correlation between historical values of Henan Lantian's Total Revenue and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Henan Lantian Gas are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Revenue i.e., Henan Lantian's Total Revenue and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Revenue

Total revenue comprises all receipts Henan Lantian Gas generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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.
Most indicators from Henan Lantian's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Henan Lantian Gas 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 Henan Lantian Gas. 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 85.7 M, whereas Tax Provision is forecasted to decline to about 157.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit750.1M1.0B1.1B573.6M
Total Revenue3.9B4.8B4.9B2.9B

Henan Lantian fundamental ratios Correlations

0.280.440.850.870.93-0.670.880.850.80.980.840.840.84-0.130.810.970.810.640.780.920.360.080.650.40.86
0.28-0.050.350.160.50.40.210.280.070.390.080.410.260.190.050.470.080.660.140.490.23-0.01-0.030.04-0.07
0.44-0.050.680.230.49-0.290.280.730.080.470.210.020.16-0.180.120.40.120.370.090.42-0.540.4-0.11-0.530.23
0.850.350.680.740.93-0.50.770.950.610.890.680.510.66-0.310.620.870.630.860.610.91-0.010.070.380.120.6
0.870.160.230.740.79-0.820.980.750.970.850.980.710.96-0.160.980.830.980.520.930.770.59-0.030.870.680.91
0.930.50.490.930.79-0.460.830.890.680.980.730.750.76-0.190.680.980.690.850.710.980.250.00.50.280.67
-0.670.4-0.29-0.5-0.82-0.46-0.78-0.56-0.86-0.57-0.88-0.43-0.730.25-0.86-0.52-0.86-0.1-0.72-0.43-0.39-0.14-0.76-0.54-0.88
0.880.210.280.770.980.83-0.780.780.950.870.960.740.93-0.140.930.860.960.560.90.790.57-0.010.810.630.86
0.850.280.730.950.750.89-0.560.780.620.880.710.530.68-0.260.630.840.650.730.610.83-0.010.210.410.060.66
0.80.070.080.610.970.68-0.860.950.620.750.990.690.93-0.160.980.741.00.410.890.660.680.00.880.780.9
0.980.390.470.890.850.98-0.570.870.880.750.80.810.82-0.150.760.990.760.740.780.960.320.010.610.350.79
0.840.080.210.680.980.73-0.880.960.710.990.80.680.94-0.170.980.780.990.440.880.70.60.090.840.680.91
0.840.410.020.510.710.75-0.430.740.530.690.810.680.730.210.670.850.70.450.680.750.61-0.020.630.530.7
0.840.260.160.660.960.76-0.730.930.680.930.820.940.730.00.950.810.940.480.930.730.66-0.030.880.680.89
-0.130.19-0.18-0.31-0.16-0.190.25-0.14-0.26-0.16-0.15-0.170.210.0-0.15-0.11-0.11-0.32-0.17-0.210.180.25-0.1-0.06-0.14
0.810.050.120.620.980.68-0.860.930.630.980.760.980.670.95-0.150.730.980.390.930.670.64-0.050.920.750.95
0.970.470.40.870.830.98-0.520.860.840.740.990.780.850.81-0.110.730.760.760.740.960.380.050.570.370.74
0.810.080.120.630.980.69-0.860.960.651.00.760.990.70.94-0.110.980.760.40.90.670.670.020.880.750.91
0.640.660.370.860.520.85-0.10.560.730.410.740.440.450.48-0.320.390.760.40.450.870.01-0.140.20.150.31
0.780.140.090.610.930.71-0.720.90.610.890.780.880.680.93-0.170.930.740.90.450.70.65-0.330.960.740.88
0.920.490.420.910.770.98-0.430.790.830.660.960.70.750.73-0.210.670.960.670.870.70.24-0.080.50.330.67
0.360.23-0.54-0.010.590.25-0.390.57-0.010.680.320.60.610.660.180.640.380.670.010.650.24-0.210.750.880.51
0.08-0.010.40.07-0.030.0-0.14-0.010.210.00.010.09-0.02-0.030.25-0.050.050.02-0.14-0.33-0.08-0.21-0.34-0.410.02
0.65-0.03-0.110.380.870.5-0.760.810.410.880.610.840.630.88-0.10.920.570.880.20.960.50.75-0.340.840.87
0.40.04-0.530.120.680.28-0.540.630.060.780.350.680.530.68-0.060.750.370.750.150.740.330.88-0.410.840.6
0.86-0.070.230.60.910.67-0.880.860.660.90.790.910.70.89-0.140.950.740.910.310.880.670.510.020.870.6
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Henan Lantian Account Relationship Matchups

Henan Lantian fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.7B3.7B5.1B6.2B6.7B3.6B
Short Long Term Debt Total977.9M760.7M841.9M766.9M881.9M886.4M
Other Current Liab580.9M627.3M842.3M990.1M47.4M45.0M
Total Current Liabilities1.7B1.6B1.9B2.0B1.5B1.3B
Total Stockholder Equity1.7B1.8B2.9B3.7B3.8B4.0B
Property Plant And Equipment Net2.4B2.5B2.7B3.1B3.1B2.2B
Net Debt380.1M193.5M(346.1M)(445.7M)(401.1M)(381.1M)
Retained Earnings882.5M991.5M1.2B1.5B1.5B1.6B
Accounts Payable250.9M238.5M321.6M368.7M211.4M181.4M
Cash597.8M567.1M1.2B1.2B1.7B1.8B
Non Current Assets Total2.9B2.9B3.5B4.4B4.4B2.7B
Cash And Short Term Investments597.8M567.1M1.2B1.2B1.4B1.5B
Liabilities And Stockholders Equity3.7B3.7B5.1B6.2B7.2B7.5B
Inventory95.0M52.6M135.0M197.6M195.0M204.7M
Other Current Assets37.8M32.9M62.7M73.5M80.3M65.4M
Other Stockholder Equity431.1M460.3M1.3B1.7B2.0B2.1B
Total Liab2.0B1.9B2.2B2.5B2.8B1.8B
Total Current Assets886.4M808.6M1.7B1.8B2.3B2.4B
Short Term Debt847.8M688.6M785.3M642.0M738.3M627.9M
Intangible Assets229.3M224.8M217.0M952.2M913.8M959.5M
Non Current Liabilities Total353.5M299.0M287.8M541.3M1.3B1.4B
Non Currrent Assets Other119.2M98.3M445.0M127.5M34.4M32.7M

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Other Information on Investing in Henan Stock

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