Industrial Total Current Assets vs Intangible Assets Analysis

601166 Stock

18.42 0.03 0.16%

Industrial Bank financial indicator trend analysis is infinitely more than just investigating Industrial Bank recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Industrial Bank is a good investment. Please check the relationship between Industrial Bank Total Current Assets and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Industrial Bank Co. 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 Current Assets vs Intangible Assets

Total Current Assets vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Industrial Bank Total Current Assets account and Intangible Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Industrial Bank's Total Current Assets and Intangible Assets is 0.48. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Industrial Bank Co, assuming nothing else is changed. The correlation between historical values of Industrial Bank's Total Current Assets and Intangible 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 Total Current Assets of Industrial Bank Co are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Total Current Assets i.e., Industrial Bank's Total Current Assets and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.48

Relationship Direction	Positive
Relationship Strength	Weak

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Most indicators from Industrial Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Industrial Bank 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 Industrial Bank Co. 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 30 B. The current year's Tax Provision is expected to grow to about 9.9 B

	2023	2024 (projected)
Operating Income	85.4B	64.3B
Total Revenue	210.8B	126.0B

Operating Income Total Revenue

Industrial Bank fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Liab	Retained Earnings	Cash	Other Assets	Short Term Investments	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Good Will	Preferred Stock Total Equity	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Accounts Payable	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Net Debt
Total Assets		0.99	-0.04	0.98	0.39	0.95	-0.48	1.0	0.5	0.7	0.98	0.94	0.87	0.84	0.84	0.84	0.84	0.81	-0.07	-0.42	-0.59	0.75	-0.91	0.31	0.83	0.77
Total Stockholder Equity	0.99		-0.07	0.98	0.43	0.98	-0.51	0.98	0.47	0.62	0.99	0.92	0.85	0.8	0.89	0.9	0.9	0.87	-0.02	-0.44	-0.66	0.81	-0.94	0.41	0.9	0.84
Other Liab	-0.04	-0.07		-0.1	-0.08	-0.25	0.56	-0.04	0.48	0.17	-0.09	-0.24	-0.32	-0.39	-0.08	-0.14	-0.17	-0.12	0.16	0.05	-0.02	-0.03	0.23	0.11	-0.16	-0.11
Retained Earnings	0.98	0.98	-0.1		0.51	0.97	-0.55	0.97	0.44	0.67	0.97	0.95	0.86	0.84	0.83	0.87	0.89	0.84	-0.06	-0.39	-0.59	0.75	-0.94	0.35	0.88	0.8
Cash	0.39	0.43	-0.08	0.51		0.45	-0.26	0.39	0.26	0.28	0.46	0.37	0.28	0.33	0.49	0.49	0.53	0.5	-0.26	-0.29	-0.32	0.45	-0.39	0.28	0.51	0.44
Other Assets	0.95	0.98	-0.25	0.97	0.45		-0.67	0.95	0.3	0.54	0.97	0.95	0.9	0.87	0.87	0.89	0.9	0.87	-0.05	-0.42	-0.63	0.79	-0.96	0.37	0.9	0.82
Short Term Investments	-0.48	-0.51	0.56	-0.55	-0.26	-0.67		-0.48	0.39	-0.17	-0.53	-0.68	-0.71	-0.78	-0.41	-0.49	-0.52	-0.45	0.24	0.21	0.16	-0.3	0.64	0.06	-0.5	-0.42
Total Liab	1.0	0.98	-0.04	0.97	0.39	0.95	-0.48		0.5	0.7	0.98	0.94	0.87	0.84	0.83	0.84	0.84	0.81	-0.07	-0.41	-0.58	0.74	-0.9	0.3	0.83	0.77
Intangible Assets	0.5	0.47	0.48	0.44	0.26	0.3	0.39	0.5		0.68	0.45	0.27	0.22	0.15	0.43	0.49	0.48	0.52	0.04	-0.27	-0.42	0.44	-0.27	0.45	0.48	0.44
Common Stock	0.7	0.62	0.17	0.67	0.28	0.54	-0.17	0.7	0.68		0.59	0.67	0.63	0.68	0.32	0.52	0.55	0.49	-0.17	-0.16	-0.13	0.23	-0.53	0.06	0.53	0.37
Property Plant Equipment	0.98	0.99	-0.09	0.97	0.46	0.97	-0.53	0.98	0.45	0.59		0.92	0.87	0.81	0.91	0.89	0.88	0.87	-0.07	-0.44	-0.67	0.81	-0.92	0.38	0.87	0.81
Long Term Debt	0.94	0.92	-0.24	0.95	0.37	0.95	-0.68	0.94	0.27	0.67	0.92		0.92	0.93	0.71	0.78	0.81	0.73	-0.18	-0.31	-0.4	0.58	-0.95	0.09	0.78	0.67
Good Will	0.87	0.85	-0.32	0.86	0.28	0.9	-0.71	0.87	0.22	0.63	0.87	0.92		0.96	0.69	0.79	0.78	0.76	-0.11	-0.35	-0.44	0.57	-0.85	0.15	0.76	0.57
Preferred Stock Total Equity	0.84	0.8	-0.39	0.84	0.33	0.87	-0.78	0.84	0.15	0.68	0.81	0.93	0.96		0.57	0.7	0.72	0.66	-0.23	-0.29	-0.3	0.45	-0.81	0.04	0.7	0.55
Other Current Liab	0.84	0.89	-0.08	0.83	0.49	0.87	-0.41	0.83	0.43	0.32	0.91	0.71	0.69	0.57		0.9	0.87	0.91	0.03	-0.57	-0.82	0.95	-0.8	0.61	0.87	0.87
Total Current Liabilities	0.84	0.9	-0.14	0.87	0.49	0.89	-0.49	0.84	0.49	0.52	0.89	0.78	0.79	0.7	0.9		0.99	1.0	0.05	-0.51	-0.74	0.87	-0.86	0.59	0.99	0.87
Net Tangible Assets	0.84	0.9	-0.17	0.89	0.53	0.9	-0.52	0.84	0.48	0.55	0.88	0.81	0.78	0.72	0.87	0.99		0.98	0.02	-0.44	-0.68	0.82	-0.89	0.57	0.99	0.87
Accounts Payable	0.81	0.87	-0.12	0.84	0.5	0.87	-0.45	0.81	0.52	0.49	0.87	0.73	0.76	0.66	0.91	1.0	0.98		0.05	-0.53	-0.77	0.88	-0.82	0.64	0.98	0.86
Net Receivables	-0.07	-0.02	0.16	-0.06	-0.26	-0.05	0.24	-0.07	0.04	-0.17	-0.07	-0.18	-0.11	-0.23	0.03	0.05	0.02	0.05		0.25	-0.2	0.23	0.0	0.36	0.03	0.07
Inventory	-0.42	-0.44	0.05	-0.39	-0.29	-0.42	0.21	-0.41	-0.27	-0.16	-0.44	-0.31	-0.35	-0.29	-0.57	-0.51	-0.44	-0.53	0.25		0.43	-0.56	0.32	-0.41	-0.46	-0.43
Other Current Assets	-0.59	-0.66	-0.02	-0.59	-0.32	-0.63	0.16	-0.58	-0.42	-0.13	-0.67	-0.4	-0.44	-0.3	-0.82	-0.74	-0.68	-0.77	-0.2	0.43		-0.9	0.51	-0.81	-0.73	-0.75
Other Stockholder Equity	0.75	0.81	-0.03	0.75	0.45	0.79	-0.3	0.74	0.44	0.23	0.81	0.58	0.57	0.45	0.95	0.87	0.82	0.88	0.23	-0.56	-0.9		-0.69	0.72	0.83	0.89
Deferred Long Term Liab	-0.91	-0.94	0.23	-0.94	-0.39	-0.96	0.64	-0.9	-0.27	-0.53	-0.92	-0.95	-0.85	-0.81	-0.8	-0.86	-0.89	-0.82	0.0	0.32	0.51	-0.69		-0.26	-0.87	-0.75
Long Term Investments	0.31	0.41	0.11	0.35	0.28	0.37	0.06	0.3	0.45	0.06	0.38	0.09	0.15	0.04	0.61	0.59	0.57	0.64	0.36	-0.41	-0.81	0.72	-0.26		0.62	0.62
Total Current Assets	0.83	0.9	-0.16	0.88	0.51	0.9	-0.5	0.83	0.48	0.53	0.87	0.78	0.76	0.7	0.87	0.99	0.99	0.98	0.03	-0.46	-0.73	0.83	-0.87	0.62		0.87
Net Debt	0.77	0.84	-0.11	0.8	0.44	0.82	-0.42	0.77	0.44	0.37	0.81	0.67	0.57	0.55	0.87	0.87	0.87	0.86	0.07	-0.43	-0.75	0.89	-0.75	0.62	0.87

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Industrial Bank Account Relationship Matchups

Industrial Bank fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.1T	7.9T	8.6T	9.3T	10.2T	10.7T
Total Stockholder Equity	541.4B	615.6B	684.1B	746.2B	796.2B	836.0B
Other Liab	37.4B	38.2B	38.2B	45.2B	52.0B	57.0B
Retained Earnings	386.6B	434.8B	496.6B	442.6B	479.7B	503.7B
Cash	805.6B	703.2B	6.9T	888.7B	973.3B	631.1B
Other Assets	3.0T	3.7T	4.2T	4.7T	5.4T	5.7T
Total Liab	6.6T	7.3T	7.9T	8.5T	9.4T	9.8T
Intangible Assets	647M	712M	883M	986M	1.1B	611.6M
Property Plant Equipment	25.5B	28.1B	28.3B	38.4B	44.2B	46.4B
Other Current Liab	10.6B	21.2B	29.4B	60.2B	69.2B	72.7B
Total Current Liabilities	5.0T	5.3T	6.0T	6.3T	7.3T	5.7T
Net Tangible Assets	438.9B	484.3B	558.5B	626.9B	720.9B	488.5B
Accounts Payable	4.6T	5.0T	5.5T	6.0T	6.9T	5.4T
Net Receivables	16.5B	14.2B	18.1B	14.6B	16.8B	16.8B
Inventory	981M	539M	447M	413M	371.7M	440.3M
Other Current Assets	433.2B	406.3B	372.4B	363.2B	326.9B	334.1B
Other Stockholder Equity	2.4B	3.2B	29.2B	36.0B	41.4B	43.4B
Deferred Long Term Liab	1.4B	1.4B	1.4B	1.4B	1.2B	1.2B
Long Term Investments	2.7T	3.0T	3.0T	3.2T	3.4T	2.7T
Total Current Assets	1.3T	1.5T	1.7T	1.8T	2.0T	1.5T
Net Debt	285.8B	424.3B	428.2B	546.6B	405.7B	415.5B
Net Invested Capital	1.6T	1.7T	1.9T	2.1T	2.1T	1.9T

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Other Information on Investing in Industrial Stock

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

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Industrial Total Current Assets vs Intangible Assets Analysis

Total Current Assets vs Intangible Assets

Total Current Assets vs Intangible Assets Correlation Analysis

Correlation Coefficient

Total Current Assets

Intangible Assets

Industrial Bank fundamental ratios Correlations

Industrial Bank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Industrial Bank fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Industrial Stock

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Total Liab	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Total Stockholder Equity
Net Tangible Assets	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Current Liabilities

Deferred Long Term Liab	- 0.96	Other Assets
Deferred Long Term Liab	- 0.95	Long Term Debt
Deferred Long Term Liab	- 0.94	Retained Earnings
Deferred Long Term Liab	- 0.94	Total Stockholder Equity
Deferred Long Term Liab	- 0.92	Property Plant Equipment
Deferred Long Term Liab	- 0.91	Total Assets