| 000756 Stock | | | 15.03 0.18 1.21% |
Shandong Xinhua financial indicator trend analysis is much more than just breaking down Shandong Xinhua Phar prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Xinhua Phar is a good investment. Please check the relationship between Shandong Xinhua Cash and its Non Currrent Assets Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Xinhua Pharmaceutical. 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.
Cash vs Non Currrent Assets Other
Cash vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shandong Xinhua Phar Cash account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have no relationship.
The correlation between Shandong Xinhua's Cash and Non Currrent Assets Other is 0.02. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Shandong Xinhua Pharmaceutical, assuming nothing else is changed. The correlation between historical values of Shandong Xinhua's Cash and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Shandong Xinhua Pharmaceutical are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Cash i.e., Shandong Xinhua's Cash and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.02 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Shandong Xinhua Phar, which is listed under current asset account on Shandong Xinhua Pharmaceutical balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shandong Xinhua customers. The amounts must be unrestricted with restricted cash listed in a different Shandong Xinhua account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Shandong Xinhua's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Xinhua Phar 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 Shandong Xinhua Pharmaceutical. 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 52.1
M, whereas
Selling General Administrative is forecasted to decline to about 783.1
M.
Shandong Xinhua fundamental ratios Correlations
Click cells to compare fundamentals
Shandong Xinhua Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shandong Xinhua fundamental ratios Accounts
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Other Information on Investing in Shandong Stock
Balance Sheet is a snapshot of the
financial position of Shandong Xinhua Phar at a specified time, usually calculated after every quarter, six months, or one year. Shandong Xinhua Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shandong Xinhua 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 Shandong currently owns. An asset can also be divided into two categories, current and non-current.