China Enterprise Value vs Receivables Turnover Analysis

CAAS Stock

USD 3.54 0.06 1.72%

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 Enterprise Value and its Receivables Turnover 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.

Enterprise Value vs Receivables Turnover

Enterprise Value vs Receivables Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Automotive Systems Enterprise Value account and Receivables Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between China Automotive's Enterprise Value and Receivables Turnover is -0.39. Overlapping area represents the amount of variation of Enterprise Value that can explain the historical movement of Receivables Turnover 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 Enterprise Value and Receivables Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Enterprise Value of China Automotive Systems are associated (or correlated) with its Receivables Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Receivables Turnover has no effect on the direction of Enterprise Value i.e., China Automotive's Enterprise Value and Receivables Turnover go up and down completely randomly.

Correlation Coefficient

-0.39

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Enterprise Value

Enterprise Value (or EV) is usually referred to as China Automotive theoretical takeover price. In the event of an acquisition, an acquirer would have to take on China Automotive Systems debt, but would also pocket its cash. Enterprise Value is more accurate representation of China Automotive value than its market capitalization because it takes into account all of China Automotive Systems existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.

Receivables Turnover

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.

Sales General And Administrative To Revenue is likely to gain to 0.05 in 2024, whereas Selling General Administrative is likely to drop slightly above 18.4 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	72.1M	83.4M	101.8M	66.4M
Total Revenue	498.0M	529.6M	576.4M	354.5M

Gross Profit Total Revenue

China Automotive fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Current Assets	Common Stock	Other Current Liab	Total Current Liabilities	Total Liab	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Short Long Term Debt Total	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Other Assets	Net Receivables	Short Term Investments	Non Current Liabilities Total	Inventory
Total Assets		0.98	0.05	0.79	0.51	0.64	0.88	0.86	0.95	0.97	0.88	0.01	0.99	0.99	0.79	0.85	-0.06	0.57	0.55	0.63	-0.03	0.67	0.8	0.17	0.45	0.87
Total Stockholder Equity	0.98		0.12	0.8	0.44	0.58	0.83	0.83	0.97	0.96	0.83	-0.04	0.97	0.96	0.79	0.83	-0.06	0.61	0.47	0.58	0.0	0.71	0.8	0.15	0.34	0.86
Net Debt	0.05	0.12		-0.03	-0.52	-0.34	0.12	0.03	0.17	0.14	0.12	-0.27	0.08	0.03	-0.11	-0.18	-0.25	0.72	-0.25	-0.44	-0.41	0.16	0.44	0.54	-0.3	-0.25
Retained Earnings	0.79	0.8	-0.03		0.71	0.82	0.63	0.75	0.79	0.74	0.63	-0.13	0.79	0.78	0.7	0.76	0.42	0.47	0.58	0.59	0.3	0.62	0.6	-0.02	0.29	0.79
Cash	0.51	0.44	-0.52	0.71		0.95	0.41	0.48	0.4	0.45	0.41	0.09	0.49	0.5	0.37	0.53	0.65	0.15	0.53	0.53	0.48	0.14	0.18	-0.26	0.3	0.66
Cash And Short Term Investments	0.64	0.58	-0.34	0.82	0.95		0.54	0.58	0.55	0.63	0.54	0.07	0.64	0.63	0.5	0.54	0.59	0.31	0.5	0.45	0.43	0.21	0.42	-0.02	0.23	0.69
Common Stock Total Equity	0.88	0.83	0.12	0.63	0.41	0.54		0.91	0.84	0.91	1.0	0.23	0.87	0.85	0.59	0.61	-0.23	0.53	0.3	0.43	-0.36	0.54	0.86	0.43	0.32	0.59
Common Stock Shares Outstanding	0.86	0.83	0.03	0.75	0.48	0.58	0.91		0.88	0.85	0.91	0.34	0.83	0.85	0.55	0.71	-0.05	0.44	0.44	0.57	-0.26	0.71	0.78	0.24	0.47	0.66
Other Stockholder Equity	0.95	0.97	0.17	0.79	0.4	0.55	0.84	0.88		0.93	0.84	0.03	0.93	0.93	0.72	0.78	-0.07	0.6	0.46	0.55	-0.1	0.75	0.84	0.23	0.38	0.78
Total Current Assets	0.97	0.96	0.14	0.74	0.45	0.63	0.91	0.85	0.93		0.91	0.07	0.98	0.96	0.74	0.71	-0.09	0.63	0.39	0.45	-0.07	0.58	0.9	0.36	0.3	0.78
Common Stock	0.88	0.83	0.12	0.63	0.41	0.54	1.0	0.91	0.84	0.91		0.23	0.87	0.85	0.59	0.61	-0.23	0.53	0.3	0.43	-0.36	0.54	0.86	0.43	0.32	0.59
Other Current Liab	0.01	-0.04	-0.27	-0.13	0.09	0.07	0.23	0.34	0.03	0.07	0.23		-0.03	0.0	-0.4	-0.14	-0.05	-0.23	-0.19	-0.01	-0.25	-0.13	0.15	0.24	0.17	-0.09
Total Current Liabilities	0.99	0.97	0.08	0.79	0.49	0.64	0.87	0.83	0.93	0.98	0.87	-0.03		0.99	0.82	0.82	-0.06	0.59	0.52	0.57	-0.01	0.65	0.82	0.23	0.38	0.85
Total Liab	0.99	0.96	0.03	0.78	0.5	0.63	0.85	0.85	0.93	0.96	0.85	0.0	0.99		0.81	0.87	-0.07	0.54	0.63	0.66	-0.04	0.67	0.77	0.15	0.52	0.87
Accounts Payable	0.79	0.79	-0.11	0.7	0.37	0.5	0.59	0.55	0.72	0.74	0.59	-0.4	0.82	0.81		0.76	-0.12	0.24	0.53	0.58	0.12	0.64	0.54	0.03	0.3	0.76
Non Current Assets Total	0.85	0.83	-0.18	0.76	0.53	0.54	0.61	0.71	0.78	0.71	0.61	-0.14	0.82	0.87	0.76		0.05	0.32	0.82	0.91	0.11	0.75	0.42	-0.32	0.7	0.91
Non Currrent Assets Other	-0.06	-0.06	-0.25	0.42	0.65	0.59	-0.23	-0.05	-0.07	-0.09	-0.23	-0.05	-0.06	-0.07	-0.12	0.05		0.08	0.21	0.07	0.72	-0.12	-0.17	-0.33	-0.11	0.16
Short Long Term Debt Total	0.57	0.61	0.72	0.47	0.15	0.31	0.53	0.44	0.6	0.63	0.53	-0.23	0.59	0.54	0.24	0.32	0.08		0.14	-0.01	-0.1	0.32	0.69	0.38	-0.05	0.36
Other Liab	0.55	0.47	-0.25	0.58	0.53	0.5	0.3	0.44	0.46	0.39	0.3	-0.19	0.52	0.63	0.53	0.82	0.21	0.14		0.82	0.17	0.51	0.12	-0.41	0.86	0.67
Property Plant And Equipment Net	0.63	0.58	-0.44	0.59	0.53	0.45	0.43	0.57	0.55	0.45	0.43	-0.01	0.57	0.66	0.58	0.91	0.07	-0.01	0.82		0.09	0.61	0.14	-0.52	0.82	0.78
Current Deferred Revenue	-0.03	0.0	-0.41	0.3	0.48	0.43	-0.36	-0.26	-0.1	-0.07	-0.36	-0.25	-0.01	-0.04	0.12	0.11	0.72	-0.1	0.17	0.09		-0.28	-0.28	-0.45	-0.15	0.31
Other Assets	0.67	0.71	0.16	0.62	0.14	0.21	0.54	0.71	0.75	0.58	0.54	-0.13	0.65	0.67	0.64	0.75	-0.12	0.32	0.51	0.61	-0.28		0.51	-0.07	0.42	0.57
Net Receivables	0.8	0.8	0.44	0.6	0.18	0.42	0.86	0.78	0.84	0.9	0.86	0.15	0.82	0.77	0.54	0.42	-0.17	0.69	0.12	0.14	-0.28	0.51		0.68	0.08	0.44
Short Term Investments	0.17	0.15	0.54	-0.02	-0.26	-0.02	0.43	0.24	0.23	0.36	0.43	0.24	0.23	0.15	0.03	-0.32	-0.33	0.38	-0.41	-0.52	-0.45	-0.07	0.68		-0.35	-0.26
Non Current Liabilities Total	0.45	0.34	-0.3	0.29	0.3	0.23	0.32	0.47	0.38	0.3	0.32	0.17	0.38	0.52	0.3	0.7	-0.11	-0.05	0.86	0.82	-0.15	0.42	0.08	-0.35		0.51
Inventory	0.87	0.86	-0.25	0.79	0.66	0.69	0.59	0.66	0.78	0.78	0.59	-0.09	0.85	0.87	0.76	0.91	0.16	0.36	0.67	0.78	0.31	0.57	0.44	-0.26	0.51

Click cells to compare fundamentals

China Automotive Account Relationship Matchups

China Automotive fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	660.0M	707.6M	716.8M	714.4M	766.4M	476.6M
Total Stockholder Equity	289.2M	303.2M	321.0M	311.7M	344.5M	190.3M
Net Debt	47.4M	(52.7M)	(2.0M)	(74.5M)	(12.7M)	(12.1M)
Retained Earnings	221.2M	215.5M	226.4M	247.2M	284.8M	299.1M
Cash	76.7M	97.2M	131.7M	121.2M	155.2M	163.0M
Cash And Short Term Investments	82.5M	107.4M	133.5M	134.1M	166.3M	174.6M
Common Stock Shares Outstanding	31.5M	31.1M	30.9M	30.6M	30.2M	30.3M
Liabilities And Stockholders Equity	660.0M	707.6M	716.8M	714.4M	766.4M	476.6M
Other Stockholder Equity	60.2M	59.0M	58.5M	56.0M	64.4M	42.3M
Total Current Assets	441.2M	475.7M	501.4M	520.7M	564.1M	354.0M
Other Current Liab	68.7M	82.5M	73.6M	77.5M	73.3M	80.3M
Total Current Liabilities	303.8M	354.5M	351.8M	364.2M	383.7M	243.2M
Total Liab	350.6M	387.6M	379.3M	386.9M	398.0M	256.5M
Accounts Payable	116.7M	225.3M	146.1M	235.1M	160.6M	116.1M
Non Current Assets Total	218.8M	231.9M	215.4M	193.6M	202.4M	129.2M
Non Currrent Assets Other	2.9M	7.6M	24.8M	46K	78.1M	82.0M
Short Long Term Debt Total	124.1M	44.5M	129.7M	46.7M	142.5M	83.0M
Other Liab	34.4M	31.9M	27.5M	22.0M	25.3M	26.5M
Property Plant And Equipment Net	149.3M	148.2M	131.0M	115.3M	111.0M	83.8M
Current Deferred Revenue	1.7M	2.4M	2.4M	5.7M	8.6M	4.7M
Other Assets	26.6M	39.4M	29.9M	15.9M	18.3M	19.0M
Net Receivables	233.0M	234.1M	210.3M	224.3M	269.4M	211.4M
Short Term Investments	5.8M	10.1M	1.8M	12.9M	11.1M	16.7M
Non Current Liabilities Total	46.8M	33.2M	27.5M	22.7M	14.3M	14.5M
Inventory	82.9M	88.3M	116.5M	112.2M	112.4M	62.1M
Other Current Assets	42.7M	45.8M	41.1M	60.1K	16.0M	22.5M
Property Plant And Equipment Gross	149.3M	148.2M	344.6M	115.3M	338.0M	354.9M
Accumulated Other Comprehensive Income	7.8M	28.7M	36.2M	8.4M	3.6M	3.4M
Short Term Debt	116.7M	44.4M	129.7M	45.9M	141.2M	81.2M
Intangible Assets	11.7M	12.5M	12.5M	10.8M	13.1M	19.5M
Property Plant Equipment	140.4M	141.3M	127.9M	107.1M	123.1M	90.8M
Net Tangible Assets	287.9M	290.7M	308.5M	300.8M	345.9M	296.7M
Noncontrolling Interest In Consolidated Entity	6.7M	19.0M	20.2M	16.2M	14.6M	13.3M
Long Term Debt	291K	4.9M	1.1M	528K	1.2M	2.2M
Retained Earnings Total Equity	209.5M	211.4M	221.2M	215.5M	247.8M	186.1M
Long Term Debt Total	306K	291K	4.9M	1.1M	1.0M	962.7K

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

0.54	MULN	Mullen Automotive	Pair Corr
0.5	XPEV	Xpeng Inc Buyout Trend	Pair Corr
0.49	NIO	Nio Class A Financial Report 14th of June 2024	Pair Corr
0.42	LCID	Lucid Group Financial Report 13th of May 2024	Pair Corr
0.41	LI	Li AutoInc Financial Report 8th of May 2024	Pair Corr

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 Correlation Correlation 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:

How To Invest In China

Details

Is China Stock a good investment?

Details

What is China Automotive's Net Worth?

Details

Largest Automobiles & Components Companies

View

Largest Consumer Discretionary Companies

View

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 Stocks Directory module to find actively traded stocks across global markets.

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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

1.582

Earnings Share

1.25

Revenue Per Share

19.094

Quarterly Revenue Growth

0.236

Return On Assets

0.0331

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.

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China Enterprise Value vs Receivables Turnover Analysis

Enterprise Value vs Receivables Turnover

Enterprise Value vs Receivables Turnover Correlation Analysis

Correlation Coefficient

Enterprise Value

Receivables Turnover

China Automotive fundamental ratios Correlations

China Automotive Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China Automotive fundamental ratios Accounts

Pair Trading with China Automotive

Moving against China Stock

Complementary Tools for China Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Total Current Liabilities	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Stockholder Equity	+ 0.98	Total Assets
Total Current Liabilities	+ 0.98	Total Current Assets

Short Term Investments	- 0.52	Property Plant And Equipment Net
Cash	- 0.52	Net Debt
Short Term Investments	- 0.45	Current Deferred Revenue
Property Plant And Equipment Net	- 0.44	Net Debt
Short Term Investments	- 0.41	Other Liab
Current Deferred Revenue	- 0.41	Net Debt