China Inventory vs Other Current Assets Analysis

CHNR Stock

USD 0.93 0.05 5.68%

China Natural financial indicator trend analysis is way more than just evaluating China Natural Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Natural Resources is a good investment. Please check the relationship between China Natural Inventory and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Natural Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Inventory vs Other Current Assets

Inventory vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Natural Resources Inventory account and Other Current Assets. At this time, the significance of the direction appears to have almost no relationship.

The correlation between China Natural's Inventory and Other Current Assets is 0.1. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of China Natural Resources, assuming nothing else is changed. The correlation between historical values of China Natural's Inventory and Other 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 Inventory of China Natural Resources are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Inventory i.e., China Natural's Inventory and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.1

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Inventory

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from China Natural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Natural 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 Natural Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, China Natural's Selling General Administrative is relatively stable compared to the past year. As of 06/01/2024, Sales General And Administrative To Revenue is likely to grow to 1.71, while Tax Provision is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	2.8M	2.5M	1.6M	1.7M
Interest Income	16.9M	15.6M	5K	4.8K

Reconciled Depreciation Interest Income

China Natural fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Short Term Investments
Common Stock Shares Outstanding		0.03	0.26	-0.21	-0.16	0.08	0.39	0.29	-0.07	0.25	0.13	0.36	-0.12	0.02	-0.31	0.33	-0.14	-0.32	0.29	0.04	0.39	-0.34	0.14	-0.12	0.07	-0.44
Total Assets	0.03		0.72	0.73	0.86	0.81	0.73	0.68	0.59	0.7	0.79	0.71	0.12	0.7	0.19	0.79	0.28	0.59	-0.25	0.99	0.73	0.67	0.68	0.26	-0.15	-0.14
Short Long Term Debt Total	0.26	0.72		0.06	0.29	0.91	0.97	0.99	0.7	0.97	0.91	0.96	0.2	0.82	0.36	0.95	0.43	-0.11	-0.12	0.65	0.97	0.01	0.92	0.46	-0.24	-0.05
Other Current Liab	-0.21	0.73	0.06		0.97	0.24	0.09	0.0	0.16	0.03	0.26	0.07	-0.05	0.21	-0.11	0.19	0.02	0.96	-0.24	0.79	0.09	0.96	0.11	-0.03	-0.02	-0.15
Total Current Liabilities	-0.16	0.86	0.29	0.97		0.44	0.3	0.23	0.36	0.25	0.49	0.29	0.0	0.41	-0.02	0.39	0.17	0.9	-0.27	0.91	0.3	0.93	0.35	0.07	-0.12	-0.14
Total Stockholder Equity	0.08	0.81	0.91	0.24	0.44		0.89	0.9	0.73	0.92	0.84	0.9	0.34	0.8	0.3	0.91	0.42	0.1	-0.18	0.74	0.89	0.21	0.81	0.4	-0.16	-0.06
Property Plant And Equipment Net	0.39	0.73	0.97	0.09	0.3	0.89		0.98	0.56	0.96	0.81	0.99	0.23	0.74	0.26	0.99	0.23	-0.11	-0.06	0.67	1.0	-0.01	0.8	0.42	-0.06	-0.08
Net Debt	0.29	0.68	0.99	0.0	0.23	0.9	0.98		0.65	0.97	0.86	0.97	0.24	0.79	0.35	0.95	0.36	-0.17	-0.11	0.6	0.98	-0.06	0.89	0.47	-0.18	-0.03
Retained Earnings	-0.07	0.59	0.7	0.16	0.36	0.73	0.56	0.65		0.65	0.83	0.53	-0.05	0.72	0.16	0.56	0.84	0.18	-0.33	0.52	0.56	0.28	0.86	-0.02	-0.77	0.1
Accounts Payable	0.25	0.7	0.97	0.03	0.25	0.92	0.96	0.97	0.65		0.84	0.95	0.2	0.74	0.43	0.97	0.34	-0.13	-0.09	0.62	0.96	-0.01	0.81	0.4	-0.16	-0.08
Cash	0.13	0.79	0.91	0.26	0.49	0.84	0.81	0.86	0.83	0.84		0.79	0.02	0.85	0.4	0.82	0.65	0.17	-0.17	0.73	0.81	0.29	0.95	0.35	-0.48	-0.12
Non Current Assets Total	0.36	0.71	0.96	0.07	0.29	0.9	0.99	0.97	0.53	0.95	0.79		0.35	0.71	0.27	0.98	0.21	-0.13	-0.03	0.65	0.99	-0.04	0.78	0.52	0.02	-0.12
Non Currrent Assets Other	-0.12	0.12	0.2	-0.05	0.0	0.34	0.23	0.24	-0.05	0.2	0.02	0.35		-0.07	0.03	0.21	-0.07	-0.18	0.22	0.09	0.23	-0.18	0.09	0.7	0.5	-0.28
Cash And Short Term Investments	0.02	0.7	0.82	0.21	0.41	0.8	0.74	0.79	0.72	0.74	0.85	0.71	-0.07		0.29	0.74	0.48	0.11	-0.38	0.64	0.74	0.24	0.85	0.28	-0.35	0.23
Net Receivables	-0.31	0.19	0.36	-0.11	-0.02	0.3	0.26	0.35	0.16	0.43	0.4	0.27	0.03	0.29		0.29	0.17	-0.13	0.0	0.12	0.26	-0.03	0.28	0.52	-0.01	-0.18
Non Current Liabilities Total	0.33	0.79	0.95	0.19	0.39	0.91	0.99	0.95	0.56	0.97	0.82	0.98	0.21	0.74	0.29		0.21	-0.01	-0.08	0.74	0.99	0.09	0.77	0.39	-0.05	-0.1
Inventory	-0.14	0.28	0.43	0.02	0.17	0.42	0.23	0.36	0.84	0.34	0.65	0.21	-0.07	0.48	0.17	0.21		0.1	-0.13	0.22	0.23	0.18	0.69	-0.02	-0.83	-0.03
Other Current Assets	-0.32	0.59	-0.11	0.96	0.9	0.1	-0.11	-0.17	0.18	-0.13	0.17	-0.13	-0.18	0.11	-0.13	-0.01	0.1		-0.28	0.66	-0.11	0.99	0.02	-0.22	-0.17	-0.09
Other Stockholder Equity	0.29	-0.25	-0.12	-0.24	-0.27	-0.18	-0.06	-0.11	-0.33	-0.09	-0.17	-0.03	0.22	-0.38	0.0	-0.08	-0.13	-0.28		-0.24	-0.06	-0.32	-0.22	0.17	0.29	-0.36
Total Liab	0.04	0.99	0.65	0.79	0.91	0.74	0.67	0.6	0.52	0.62	0.73	0.65	0.09	0.64	0.12	0.74	0.22	0.66	-0.24		0.67	0.73	0.61	0.23	-0.12	-0.15
Property Plant And Equipment Gross	0.39	0.73	0.97	0.09	0.3	0.89	1.0	0.98	0.56	0.96	0.81	0.99	0.23	0.74	0.26	0.99	0.23	-0.11	-0.06	0.67		-0.01	0.8	0.42	-0.06	-0.08
Total Current Assets	-0.34	0.67	0.01	0.96	0.93	0.21	-0.01	-0.06	0.28	-0.01	0.29	-0.04	-0.18	0.24	-0.03	0.09	0.18	0.99	-0.32	0.73	-0.01		0.13	-0.15	-0.22	-0.08
Short Term Debt	0.14	0.68	0.92	0.11	0.35	0.81	0.8	0.89	0.86	0.81	0.95	0.78	0.09	0.85	0.28	0.77	0.69	0.02	-0.22	0.61	0.8	0.13		0.36	-0.53	0.02
Intangible Assets	-0.12	0.26	0.46	-0.03	0.07	0.4	0.42	0.47	-0.02	0.4	0.35	0.52	0.7	0.28	0.52	0.39	-0.02	-0.22	0.17	0.23	0.42	-0.15	0.36		0.43	-0.24
Common Stock Total Equity	0.07	-0.15	-0.24	-0.02	-0.12	-0.16	-0.06	-0.18	-0.77	-0.16	-0.48	0.02	0.5	-0.35	-0.01	-0.05	-0.83	-0.17	0.29	-0.12	-0.06	-0.22	-0.53	0.43		-0.17
Short Term Investments	-0.44	-0.14	-0.05	-0.15	-0.14	-0.06	-0.08	-0.03	0.1	-0.08	-0.12	-0.12	-0.28	0.23	-0.18	-0.1	-0.03	-0.09	-0.36	-0.15	-0.08	-0.08	0.02	-0.24	-0.17

Click cells to compare fundamentals

China Natural Account Relationship Matchups

China Natural fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	5.6M	6.3M	8.1M	1.6M	8.2M	12.0M
Total Assets	8.3M	142.4M	333.4M	320.0M	253.8M	241.1M
Short Long Term Debt Total	803K	1.1M	79.2M	76.9M	360K	342K
Other Current Liab	31.2M	28.6M	47.4M	39.0M	177.2M	176.5M
Total Current Liabilities	35.9M	30.9M	73.7M	64.7M	177.8M	244.8M
Total Stockholder Equity	(27.6M)	101.2M	74.7M	67.8M	76.0M	140.8M
Property Plant And Equipment Net	830K	1.2M	3.1M	3.4M	399K	379.1K
Net Debt	(2.6M)	(1.4M)	20.8M	45.2M	(4.4M)	(4.2M)
Retained Earnings	(1.0B)	(1.0B)	(1.1B)	(1.1B)	(1.1B)	(1.1B)
Accounts Payable	215K	100K	3.9M	21.1M	20.3M	95K
Cash	3.4M	2.5M	58.4M	31.7M	4.8M	4.5M
Non Current Assets Total	830K	1.2M	123.9M	123.0M	247.9M	347.3M
Non Currrent Assets Other	(799K)	(3.6M)	10K	100.2M	247.5M	259.9M
Cash And Short Term Investments	3.4M	141.1M	59.4M	32.7M	4.8M	4.5M
Net Receivables	4.0M	10K	140.5M	157.6M	3K	2.9K
Liabilities And Stockholders Equity	8.3M	142.4M	333.4M	320.0M	253.8M	241.1M
Non Current Liabilities Total	100K	30M	10.3M	77.8M	77.9M	0.0
Inventory	(4.0M)	(7.4M)	986K	729K	(3K)	(2.9K)
Other Current Assets	4.0M	7.5M	4.9M	3.2M	1.1M	1.1M
Other Stockholder Equity	689.8M	689.6M	(1.0)	708.3M	814.5M	855.3M
Total Liab	35.9M	41.2M	151.4M	142.5M	177.8M	168.9M
Property Plant And Equipment Gross	830K	1.2M	6.8M	7.3M	2.0M	1.9M
Accumulated Other Comprehensive Income	688.6M	713.6M	708.3M	726.0M	748.1M	785.5M
Short Term Debt	803K	745K	4.0M	4.3M	360K	342K
Intangible Assets	799K	643K	20.2M	19.4M	22.3M	23.4M
Short Term Investments	21K	20K	138.7M	1M	3K	2.9K
Property Plant Equipment	275K	830K	1.2M	3.1M	3.5M	3.3M
Long Term Debt	30M	77M	74M	71M	81.7M	85.7M
Net Tangible Assets	(21.8M)	(27.6M)	101.2M	54.5M	49.0M	51.5M
Capital Lease Obligations	803K	1.1M	2.2M	2.9M	360K	342K
Net Invested Capital	(27.6M)	101.2M	148.7M	141.8M	76.0M	63.3M
Net Working Capital	(28.4M)	110.3M	135.9M	132.3M	(171.9M)	(163.3M)

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When determining whether China Natural Resources is a strong investment it is important to analyze China Natural'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 Natural's future performance. For an informed investment choice regarding China Stock, refer to the following important reports:

How To Invest In China

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Is China Stock a good investment?

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What is China Natural's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Natural Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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When running China Natural's price analysis, check to measure China Natural'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 Natural is operating at the current time. Most of China Natural's value examination focuses on studying past and present price action to predict the probability of China Natural'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 Natural's price. Additionally, you may evaluate how the addition of China Natural to your portfolios can decrease your overall portfolio volatility.

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Is China Natural'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 Natural. 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 Natural listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.14)

Revenue Per Share

2.009

Quarterly Revenue Growth

(0.24)

Return On Assets

(0.03)

Return On Equity

(0.07)

The market value of China Natural Resources 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 Natural's value that differs from its market value or its book value, called intrinsic value, which is China Natural'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 Natural's market value can be influenced by many factors that don't directly affect China Natural'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 Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Natural'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 Inventory vs Other Current Assets Analysis

Inventory vs Other Current Assets

Inventory vs Other Current Assets Correlation Analysis

Correlation Coefficient

Inventory

Other Current Assets

China Natural fundamental ratios Correlations

China Natural Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China Natural fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for China Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.99	Non Current Assets Total

Common Stock Total Equity	- 0.83	Inventory
Common Stock Total Equity	- 0.77	Retained Earnings
Common Stock Total Equity	- 0.53	Short Term Debt
Common Stock Total Equity	- 0.48	Cash
Short Term Investments	- 0.44	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.38	Cash And Short Term Investments