China Asset Turnover vs Net Income Analysis

CAAS Stock  USD 3.37  0.12  3.69%   
China Automotive financial indicator trend analysis is way more than just evaluating China Automotive Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Automotive Systems is a good investment. Please check the relationship between China Automotive Asset Turnover and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Automotive Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Asset Turnover vs Net Income

Asset Turnover vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Automotive Systems Asset Turnover account and Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between China Automotive's Asset Turnover and Net Income is -0.04. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Net Income in the same time period over historical financial statements of China Automotive Systems, assuming nothing else is changed. The correlation between historical values of China Automotive's Asset Turnover and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of China Automotive Systems are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Asset Turnover i.e., China Automotive's Asset Turnover and Net Income go up and down completely randomly.

Correlation Coefficient

-0.04
Relationship DirectionNegative 
Relationship StrengthInsignificant

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in China Automotive Systems financial statement analysis. It represents the amount of money remaining after all of China Automotive Systems operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from China Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Automotive Systems 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 Automotive Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Selling General Administrative is likely to drop to about 32.1 M in 2024. Discontinued Operations is likely to drop to about 2.1 M in 2024
 2021 2022 2023 2024 (projected)
Gross Profit72.1M83.4M94.1M66.0M
Total Revenue498.0M529.6M546.0M353.0M

China Automotive fundamental ratios Correlations

0.98-0.010.790.550.680.850.90.940.980.850.020.990.990.640.86-0.410.430.540.65-0.150.650.790.180.490.67
0.980.060.790.470.610.810.870.970.960.81-0.030.970.960.620.83-0.360.460.460.6-0.140.70.790.170.390.64
-0.010.06-0.24-0.69-0.530.14-0.130.120.080.14-0.210.0-0.04-0.4-0.21-0.040.76-0.3-0.44-0.640.180.390.5-0.28-0.5
0.790.79-0.240.70.820.630.810.780.740.63-0.110.790.780.880.76-0.470.30.580.610.20.620.580.00.350.92
0.550.47-0.690.70.940.460.610.420.490.460.130.530.550.670.58-0.17-0.070.540.590.350.160.17-0.230.410.86
0.680.61-0.530.820.940.590.70.580.670.590.10.680.680.780.58-0.350.110.510.50.290.240.420.030.330.9
0.850.810.140.630.460.590.830.840.891.00.230.840.820.420.59-0.460.560.30.41-0.470.540.870.430.320.44
0.90.87-0.130.810.610.70.830.890.880.830.30.870.880.570.75-0.390.320.460.61-0.190.620.760.190.480.67
0.940.970.120.780.420.580.840.890.930.840.050.930.920.570.78-0.390.50.460.57-0.260.750.830.240.420.59
0.980.960.080.740.490.670.890.880.930.890.080.980.960.590.72-0.470.490.390.48-0.210.560.880.370.340.59
0.850.810.140.630.460.591.00.830.840.890.230.840.820.420.59-0.460.560.30.41-0.470.540.870.430.320.44
0.02-0.03-0.21-0.110.130.10.230.30.050.080.23-0.020.01-0.36-0.130.18-0.2-0.190.0-0.28-0.130.160.240.16-0.1
0.990.970.00.790.530.680.840.870.930.980.84-0.020.990.670.83-0.440.430.520.6-0.120.630.80.230.430.67
0.990.96-0.040.780.550.680.820.880.920.960.820.010.990.650.88-0.410.390.620.68-0.120.640.750.160.550.68
0.640.62-0.40.880.670.780.420.570.570.590.42-0.360.670.650.65-0.570.050.570.530.410.450.39-0.030.240.86
0.860.83-0.210.760.580.580.590.750.780.720.59-0.130.830.880.65-0.180.180.80.910.040.720.41-0.310.730.74
-0.41-0.36-0.04-0.47-0.17-0.35-0.46-0.39-0.39-0.47-0.460.18-0.44-0.41-0.57-0.18-0.2-0.12-0.06-0.01-0.06-0.58-0.540.0-0.27
0.430.460.760.3-0.070.110.560.320.50.490.56-0.20.430.390.050.18-0.20.06-0.11-0.540.370.650.47-0.050.08
0.540.46-0.30.580.540.510.30.460.460.390.3-0.190.520.620.570.8-0.120.060.820.140.510.12-0.40.890.68
0.650.6-0.440.610.590.50.410.610.570.480.410.00.60.680.530.91-0.06-0.110.820.090.580.15-0.520.830.68
-0.15-0.14-0.640.20.350.29-0.47-0.19-0.26-0.21-0.47-0.28-0.12-0.120.410.04-0.01-0.540.140.09-0.33-0.48-0.47-0.080.43
0.650.70.180.620.160.240.540.620.750.560.54-0.130.630.640.450.72-0.060.370.510.58-0.330.52-0.080.410.43
0.790.790.390.580.170.420.870.760.830.880.870.160.80.750.390.41-0.580.650.120.15-0.480.520.710.10.3
0.180.170.50.0-0.230.030.430.190.240.370.430.240.230.16-0.03-0.31-0.540.47-0.4-0.52-0.47-0.080.71-0.38-0.24
0.490.39-0.280.350.410.330.320.480.420.340.320.160.430.550.240.730.0-0.050.890.83-0.080.410.1-0.380.44
0.670.64-0.50.920.860.90.440.670.590.590.44-0.10.670.680.860.74-0.270.080.680.680.430.430.3-0.240.44
Click cells to compare fundamentals

China Automotive Account Relationship Matchups

China Automotive fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets660.0M707.6M716.8M714.4M821.5M459.9M
Total Stockholder Equity289.2M303.2M321.0M311.7M358.4M182.0M
Net Debt47.4M(52.7M)(2.0M)(74.5M)(85.7M)(81.4M)
Retained Earnings221.2M215.5M226.4M247.2M284.3M298.5M
Cash76.7M97.2M131.7M121.2M139.4M146.4M
Cash And Short Term Investments82.5M107.4M133.5M134.1M154.2M161.9M
Common Stock Shares Outstanding31.5M31.1M30.9M30.6M35.2M30.1M
Liabilities And Stockholders Equity660.0M707.6M716.8M714.4M821.5M459.9M
Other Stockholder Equity60.2M59.0M58.5M56.0M64.4M41.5M
Total Current Assets441.2M475.7M501.4M520.7M598.8M341.9M
Other Current Liab68.7M82.5M73.6M77.5M89.2M80.3M
Total Current Liabilities303.8M354.5M351.8M364.2M418.8M235.1M
Total Liab350.6M387.6M379.3M386.9M445.0M248.2M
Accounts Payable116.7M225.3M146.1M235.1M270.4M283.9M
Non Current Assets Total218.8M231.9M215.4M193.6M222.7M124.7M
Non Currrent Assets Other2.9M7.6M24.8M46K41.4K39.3K
Short Long Term Debt Total124.1M44.5M129.7M46.7M53.7M79.3M
Other Liab34.4M31.9M27.5M22.0M25.3M26.5M
Property Plant And Equipment Net149.3M148.2M131.0M115.3M132.6M81.9M
Current Deferred Revenue1.7M2.4M2.4M5.7M5.1M4.6M
Other Assets26.6M39.4M29.9M15.9M18.3M19.0M
Net Receivables233.0M234.1M210.3M224.3M258.0M207.1M
Short Term Investments5.8M10.1M1.8M12.9M14.8M16.9M
Non Current Liabilities Total46.8M33.2M27.5M22.7M26.2M14.4M
Inventory82.9M88.3M116.5M112.2M129.1M135.5M
Other Current Assets42.7M45.8M41.1M60.1K69.1K65.7K
Property Plant And Equipment Gross149.3M148.2M344.6M115.3M132.6M109.7M
Accumulated Other Comprehensive Income7.8M28.7M36.2M8.4M9.7M9.2M
Short Term Debt116.7M44.4M129.7M45.9M52.8M77.5M
Intangible Assets11.7M12.5M12.5M10.8M12.5M19.8M
Property Plant Equipment140.4M141.3M127.9M107.1M123.1M90.8M
Net Tangible Assets287.9M290.7M308.5M300.8M345.9M296.7M
Noncontrolling Interest In Consolidated Entity6.7M19.0M20.2M16.2M14.6M13.3M
Long Term Debt291K4.9M1.1M528K475.2K451.4K
Retained Earnings Total Equity209.5M211.4M221.2M215.5M247.8M186.1M
Long Term Debt Total306K291K4.9M1.1M1.0M962.7K
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards China Automotive in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, China Automotive's short interest history, or implied volatility extrapolated from China Automotive options trading.

Pair Trading with China Automotive

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if China Automotive position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in China Automotive will appreciate offsetting losses from the drop in the long position's value.

Moving against China Stock

  0.44PTAIY Astra International TbkPairCorr
The ability to find closely correlated positions to China Automotive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Automotive when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back China Automotive - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling China Automotive Systems to buy it.
The correlation of China Automotive is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Automotive Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for China Automotive can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether China Automotive Systems is a strong investment it is important to analyze China Automotive's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact China Automotive's future performance. For an informed investment choice regarding China Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Automotive Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the China Automotive Systems information on this page should be used as a complementary analysis to other China Automotive's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running China Automotive's price analysis, check to measure China Automotive's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Automotive is operating at the current time. Most of China Automotive's value examination focuses on studying past and present price action to predict the probability of China Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Automotive's price. Additionally, you may evaluate how the addition of China Automotive to your portfolios can decrease your overall portfolio volatility.
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Is China Automotive's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of China Automotive. If investors know China will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about China Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.292
Earnings Share
1.03
Revenue Per Share
18.082
Quarterly Revenue Growth
0.002
Return On Assets
0.0209
The market value of China Automotive Systems is measured differently than its book value, which is the value of China that is recorded on the company's balance sheet. Investors also form their own opinion of China Automotive's value that differs from its market value or its book value, called intrinsic value, which is China Automotive's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because China Automotive's market value can be influenced by many factors that don't directly affect China Automotive's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between China Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Automotive's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.