| 000635 Stock | | | 8.32 0.22 2.58% |
Ningxia Younglight financial indicator trend analysis is infinitely more than just investigating Ningxia Younglight recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningxia Younglight is a good investment. Please check the relationship between Ningxia Younglight Total Assets and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningxia Younglight Chemicals. 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 Assets vs Retained Earnings
Total Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ningxia Younglight Total Assets account and
Retained Earnings. At this time, the significance of the direction appears to have weak relationship.
The correlation between Ningxia Younglight's Total Assets and Retained Earnings is 0.35. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Ningxia Younglight Chemicals, assuming nothing else is changed. The correlation between historical values of Ningxia Younglight's Total Assets and Retained Earnings 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 Assets of Ningxia Younglight Chemicals are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Assets i.e., Ningxia Younglight's Total Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.35 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Ningxia Younglight assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ningxia Younglight books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Ningxia Younglight's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningxia Younglight 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 Ningxia Younglight Chemicals. 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
Tax Provision is expected to grow to about 62.1
M, whereas
Selling General Administrative is forecasted to decline to about 33
M.
Ningxia Younglight fundamental ratios Correlations
Click cells to compare fundamentals
Ningxia Younglight Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ningxia Younglight fundamental ratios Accounts
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Other Information on Investing in Ningxia Stock
Balance Sheet is a snapshot of the
financial position of Ningxia Younglight at a specified time, usually calculated after every quarter, six months, or one year. Ningxia Younglight Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningxia Younglight 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 Ningxia currently owns. An asset can also be divided into two categories, current and non-current.