000830 Stock | | | 11.53 0.13 1.14% |
Luxi Chemical financial indicator trend analysis is infinitely more than just investigating Luxi Chemical Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Luxi Chemical Group is a good investment. Please check the relationship between Luxi Chemical Total Current Assets and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Luxi Chemical 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.
Total Current Assets vs Selling General Administrative
Total Current Assets vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Luxi Chemical Group Total Current Assets account and
Selling General Administrative. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Luxi Chemical's Total Current Assets and Selling General Administrative is 0.42. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Luxi Chemical Group, assuming nothing else is changed. The correlation between historical values of Luxi Chemical's Total Current Assets and Selling General Administrative 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 Luxi Chemical Group are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Assets i.e., Luxi Chemical's Total Current Assets and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
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.
Selling General Administrative
Most indicators from Luxi Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Luxi Chemical 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 Luxi Chemical 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 30, 2024, Selling General Administrative is expected to decline to about 82.5
M. In addition to that,
Tax Provision is expected to decline to about 221.6
MLuxi Chemical fundamental ratios Correlations
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Luxi Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Luxi Chemical fundamental ratios Accounts
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Other Information on Investing in Luxi Stock
Balance Sheet is a snapshot of the
financial position of Luxi Chemical Group at a specified time, usually calculated after every quarter, six months, or one year. Luxi Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Luxi Chemical 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 Luxi currently owns. An asset can also be divided into two categories, current and non-current.