000639 Stock | | | 3.74 0.02 0.54% |
Xiwang Foodstuffs financial indicator trend analysis is more than just analyzing Xiwang Foodstuffs current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiwang Foodstuffs is a good investment. Please check the relationship between Xiwang Foodstuffs Other Current Liab and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiwang Foodstuffs 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.
Other Current Liab vs Total Assets
Other Current Liab vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xiwang Foodstuffs Other Current Liab account and
Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Xiwang Foodstuffs' Other Current Liab and Total Assets is 0.58. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Assets in the same time period over historical financial statements of Xiwang Foodstuffs Co, assuming nothing else is changed. The correlation between historical values of Xiwang Foodstuffs' Other Current Liab and Total 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 Other Current Liab of Xiwang Foodstuffs Co are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Liab i.e., Xiwang Foodstuffs' Other Current Liab and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Current Liab
Total Assets
Total assets refers to the total amount of Xiwang Foodstuffs 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 Xiwang Foodstuffs 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.
Most indicators from Xiwang Foodstuffs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiwang Foodstuffs 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 Xiwang Foodstuffs 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.
As of November 26, 2024,
Selling General Administrative is expected to decline to about 412.3
M. The current year's
Tax Provision is expected to grow to about (32.4
M)
Xiwang Foodstuffs fundamental ratios Correlations
Click cells to compare fundamentals
Xiwang Foodstuffs Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xiwang Foodstuffs fundamental ratios Accounts
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Other Information on Investing in Xiwang Stock
Balance Sheet is a snapshot of the
financial position of Xiwang Foodstuffs at a specified time, usually calculated after every quarter, six months, or one year. Xiwang Foodstuffs Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xiwang Foodstuffs 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 Xiwang currently owns. An asset can also be divided into two categories, current and non-current.