Change Total Assets vs Common Stock Analysis

CCA Stock

0.06 0 1.67%

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

Total Assets vs Common Stock

Total Assets vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Change Financial Total Assets account and Common Stock. At this time, the significance of the direction appears to have strong relationship.

The correlation between Change Financial's Total Assets and Common Stock is 0.67. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of Change Financial Limited, assuming nothing else is changed. The correlation between historical values of Change Financial's Total Assets and Common Stock 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 Assets of Change Financial Limited are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Assets i.e., Change Financial's Total Assets and Common Stock go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Assets

Total assets refers to the total amount of Change Financial assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Change Financial books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Common Stock

Most indicators from Change Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Change Financial 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 Change Financial Limited. 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.

Tax Provision is likely to gain to about 324.2 K in 2024, whereas Selling General Administrative is likely to drop slightly above 3.3 M in 2024.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	11.0M	9.4M	7.6M	5.8M
Research Development	339.7K	720.6K	809.8K	525.2K

Cost Of Revenue Research Development

Change Financial fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Other Current Assets	Other Stockholder Equity	Total Current Assets	Intangible Assets	Common Stock	Total Current Liabilities	Net Tangible Assets	Property Plant And Equipment Net	Accounts Payable	Total Liab	Property Plant Equipment	Other Current Liab	Common Stock Shares Outstanding	Common Stock Total Equity	Inventory	Property Plant And Equipment Gross
Total Assets		0.89	-0.57	-0.63	0.6	0.76	0.03	0.51	0.6	0.73	0.65	-0.27	0.89	0.51	0.67	0.73	0.45	0.53	0.71	0.72	0.75	0.65	0.7	0.63	-0.56	0.7
Total Stockholder Equity	0.89		-0.65	-0.32	0.64	0.45	0.17	0.53	0.64	0.4	0.35	-0.47	0.99	0.26	0.38	0.38	0.8	0.29	0.37	0.37	0.46	0.36	0.39	0.35	-0.36	0.37
Net Debt	-0.57	-0.65		0.4	-0.99	-0.3	-0.16	-0.49	-0.99	-0.28	-0.27	0.03	-0.63	-0.23	-0.46	-0.25	-0.51	-0.34	-0.4	-0.24	-0.32	-0.27	-0.3	-0.46	0.56	-0.33
Retained Earnings	-0.63	-0.32	0.4		-0.49	-0.8	0.22	-0.4	-0.49	-0.83	-0.76	-0.15	-0.38	-0.67	-0.98	-0.86	0.13	-0.75	-0.94	-0.86	-0.68	-0.55	-0.86	-0.96	0.93	-0.86
Cash	0.6	0.64	-0.99	-0.49		0.35	0.1	0.52	1.0	0.35	0.31	0.04	0.64	0.26	0.53	0.32	0.46	0.42	0.49	0.31	0.4	0.29	0.35	0.55	-0.65	0.39
Non Current Assets Total	0.76	0.45	-0.3	-0.8	0.35		-0.09	0.14	0.35	0.97	0.91	0.03	0.45	0.66	0.86	0.98	-0.1	0.58	0.81	0.98	0.81	0.76	0.97	0.69	-0.61	0.83
Non Currrent Assets Other	0.03	0.17	-0.16	0.22	0.1	-0.09		-0.12	0.1	-0.04	0.08	0.05	0.17	-0.62	-0.12	-0.1	0.36	-0.14	-0.27	-0.11	-0.25	0.02	0.0	-0.23	0.27	-0.1
Other Assets	0.51	0.53	-0.49	-0.4	0.52	0.14	-0.12		0.52	0.17	0.21	-0.41	0.59	0.3	0.32	0.17	0.37	0.25	0.37	0.17	0.17	0.41	0.15	0.46	-0.47	0.26
Cash And Short Term Investments	0.6	0.64	-0.99	-0.49	1.0	0.35	0.1	0.52		0.35	0.31	0.04	0.64	0.26	0.53	0.32	0.46	0.42	0.49	0.31	0.4	0.29	0.35	0.55	-0.65	0.39
Net Receivables	0.73	0.4	-0.28	-0.83	0.35	0.97	-0.04	0.17	0.35		0.87	0.08	0.41	0.62	0.87	0.98	-0.17	0.7	0.86	0.98	0.86	0.76	0.95	0.74	-0.64	0.87
Other Current Assets	0.65	0.35	-0.27	-0.76	0.31	0.91	0.08	0.21	0.31	0.87		0.04	0.36	0.53	0.83	0.9	-0.12	0.38	0.69	0.91	0.55	0.82	0.96	0.62	-0.56	0.74
Other Stockholder Equity	-0.27	-0.47	0.03	-0.15	0.04	0.03	0.05	-0.41	0.04	0.08	0.04		-0.42	-0.32	0.14	0.11	-0.52	0.29	0.21	0.13	-0.01	-0.1	0.08	0.17	-0.1	0.23
Total Current Assets	0.89	0.99	-0.63	-0.38	0.64	0.45	0.17	0.59	0.64	0.41	0.36	-0.42		0.23	0.42	0.41	0.79	0.34	0.41	0.4	0.45	0.35	0.41	0.4	-0.42	0.4
Intangible Assets	0.51	0.26	-0.23	-0.67	0.26	0.66	-0.62	0.3	0.26	0.62	0.53	-0.32	0.23		0.64	0.62	-0.17	0.42	0.67	0.62	0.67	0.53	0.61	0.63	-0.62	0.59
Common Stock	0.67	0.38	-0.46	-0.98	0.53	0.86	-0.12	0.32	0.53	0.87	0.83	0.14	0.42	0.64		0.89	-0.06	0.71	0.91	0.89	0.68	0.57	0.91	0.92	-0.91	0.85
Total Current Liabilities	0.73	0.38	-0.25	-0.86	0.32	0.98	-0.1	0.17	0.32	0.98	0.9	0.11	0.41	0.62	0.89		-0.18	0.64	0.87	1.0	0.82	0.74	0.97	0.76	-0.67	0.85
Net Tangible Assets	0.45	0.8	-0.51	0.13	0.46	-0.1	0.36	0.37	0.46	-0.17	-0.12	-0.52	0.79	-0.17	-0.06	-0.18		-0.1	-0.16	-0.19	-0.1	-0.16	-0.11	-0.07	-0.03	-0.13
Property Plant And Equipment Net	0.53	0.29	-0.34	-0.75	0.42	0.58	-0.14	0.25	0.42	0.7	0.38	0.29	0.34	0.42	0.71	0.64	-0.1		0.85	0.63	0.7	0.36	0.57	0.8	-0.69	0.86
Accounts Payable	0.71	0.37	-0.4	-0.94	0.49	0.81	-0.27	0.37	0.49	0.86	0.69	0.21	0.41	0.67	0.91	0.87	-0.16	0.85		0.86	0.82	0.6	0.81	0.96	-0.86	0.94
Total Liab	0.72	0.37	-0.24	-0.86	0.31	0.98	-0.11	0.17	0.31	0.98	0.91	0.13	0.4	0.62	0.89	1.0	-0.19	0.63	0.86		0.8	0.75	0.97	0.75	-0.66	0.86
Property Plant Equipment	0.75	0.46	-0.32	-0.68	0.4	0.81	-0.25	0.17	0.4	0.86	0.55	-0.01	0.45	0.67	0.68	0.82	-0.1	0.7	0.82	0.8		0.58	0.7	0.68	-0.58	0.74
Other Current Liab	0.65	0.36	-0.27	-0.55	0.29	0.76	0.02	0.41	0.29	0.76	0.82	-0.1	0.35	0.53	0.57	0.74	-0.16	0.36	0.6	0.75	0.58		0.73	0.48	-0.32	0.69
Common Stock Shares Outstanding	0.7	0.39	-0.3	-0.86	0.35	0.97	0.0	0.15	0.35	0.95	0.96	0.08	0.41	0.61	0.91	0.97	-0.11	0.57	0.81	0.97	0.7	0.73		0.74	-0.67	0.84
Common Stock Total Equity	0.63	0.35	-0.46	-0.96	0.55	0.69	-0.23	0.46	0.55	0.74	0.62	0.17	0.4	0.63	0.92	0.76	-0.07	0.8	0.96	0.75	0.68	0.48	0.74		-0.95	0.86
Inventory	-0.56	-0.36	0.56	0.93	-0.65	-0.61	0.27	-0.47	-0.65	-0.64	-0.56	-0.1	-0.42	-0.62	-0.91	-0.67	-0.03	-0.69	-0.86	-0.66	-0.58	-0.32	-0.67	-0.95		-0.7
Property Plant And Equipment Gross	0.7	0.37	-0.33	-0.86	0.39	0.83	-0.1	0.26	0.39	0.87	0.74	0.23	0.4	0.59	0.85	0.85	-0.13	0.86	0.94	0.86	0.74	0.69	0.84	0.86	-0.7

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Change Financial Account Relationship Matchups

Change Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.6M	12.7M	10.3M	15.3M	12.9M	7.7M
Total Stockholder Equity	2.3M	7.0M	3.3M	8.4M	5.9M	4.8M
Net Debt	(2.6M)	(3.5M)	(207.6K)	(5.2M)	(2.4M)	(2.6M)
Retained Earnings	(36.7M)	(40.2M)	(44.0M)	(46.9M)	(49.4M)	(47.0M)
Cash	3.0M	4.0M	1.5M	5.4M	2.6M	2.7M
Non Current Assets Total	189.5K	6.0M	6.4M	7.0M	7.5M	7.9M
Cash And Short Term Investments	3.0M	4.0M	1.5M	5.4M	2.6M	2.7M
Net Receivables	393.9K	2.4M	1.8M	2.1M	2.1M	2.2M
Liabilities And Stockholders Equity	3.6M	12.7M	10.3M	15.3M	12.9M	7.7M
Other Current Assets	8.1K	226.5K	373.3K	848.8K	749.6K	787.0K
Total Current Assets	3.4M	6.7M	3.9M	8.3M	5.4M	4.9M
Accumulated Other Comprehensive Income	4.3M	4.7M	4.8M	4.8M	4.8M	4.2M
Common Stock	29.6M	34.8M	42.5M	50.5M	58.1M	61.0M
Total Current Liabilities	1.1M	5.4M	5.8M	5.8M	6.0M	6.3M
Net Tangible Assets	2.3M	1.5M	(2.6M)	2.1M	1.9M	2.0M
Accounts Payable	420.8K	573.3K	627.1K	525.0K	581.6K	349.6K
Total Liab	1.2M	5.7M	7.0M	6.9M	7.1M	7.4M
Property Plant Equipment	0.0	461.0K	318.8K	209.1K	240.4K	136.9K
Other Current Liab	364.9K	1.8M	2.0M	5.1M	2.6M	1.5M
Common Stock Shares Outstanding	130.4M	366.9M	396.7M	535.7M	627.7M	659.0M
Inventory	(2.5K)	141.7K	267.7K	414.7K	(665.2K)	(631.9K)
Net Invested Capital	3.4M	7.0M	4.4M	8.4M	5.9M	4.8M
Net Working Capital	3.4M	1.3M	(1.9M)	2.6M	(598.3K)	(568.3K)
Short Term Debt	153.3K	297.4K	95.5K	72.2K	104.2K	177.3K
Short Long Term Debt Total	332.7K	561.8K	1.3M	136.3K	156.9K	149.1K
Current Deferred Revenue	111.2K	2.7M	3.1M	3.3M	2.7M	2.2M

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