000027 Stock | | | 6.63 0.11 1.69% |
Shenzhen Energy financial indicator trend analysis is much more than just breaking down Shenzhen Energy Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Energy Group is a good investment. Please check the relationship between Shenzhen Energy Net Receivables and its Deferred Long Term Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Energy Group. 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.
Net Receivables vs Deferred Long Term Liab
Net Receivables vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen Energy Group Net Receivables account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shenzhen Energy's Net Receivables and Deferred Long Term Liab is 0.75. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Shenzhen Energy Group, assuming nothing else is changed. The correlation between historical values of Shenzhen Energy's Net Receivables and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Shenzhen Energy Group are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Net Receivables i.e., Shenzhen Energy's Net Receivables and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Receivables
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Shenzhen Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Energy Group 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 Shenzhen Energy Group. 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.
As of November 29, 2024,
Selling General Administrative is expected to decline to about 405.4
M. In addition to that,
Tax Provision is expected to decline to about 396.4
MShenzhen Energy fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen Energy fundamental ratios Accounts
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Other Information on Investing in Shenzhen Stock
Balance Sheet is a snapshot of the
financial position of Shenzhen Energy Group at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Energy 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 Shenzhen currently owns. An asset can also be divided into two categories, current and non-current.