000869 Stock | | | 23.21 0.01 0.04% |
Yantai Changyu financial indicator trend analysis is more than just analyzing Yantai Changyu Pioneer current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yantai Changyu Pioneer is a good investment. Please check the relationship between Yantai Changyu Deferred Long Term Liab and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Yantai Changyu Pioneer. 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.
Deferred Long Term Liab vs Total Current Liabilities
Deferred Long Term Liab vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Yantai Changyu Pioneer Deferred Long Term Liab account and
Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Yantai Changyu's Deferred Long Term Liab and Total Current Liabilities is -0.37. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Yantai Changyu Pioneer, assuming nothing else is changed. The correlation between historical values of Yantai Changyu's Deferred Long Term Liab and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Yantai Changyu Pioneer are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Deferred Long Term Liab i.e., Yantai Changyu's Deferred Long Term Liab and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.37 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Total Current Liabilities
Total Current Liabilities is an item on Yantai Changyu balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Yantai Changyu Pioneer are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Yantai Changyu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yantai Changyu Pioneer 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 Yantai Changyu Pioneer. 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 228
M, whereas
Selling General Administrative is forecasted to decline to about 969
M.
Yantai Changyu fundamental ratios Correlations
Click cells to compare fundamentals
Yantai Changyu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Yantai Changyu fundamental ratios Accounts
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Other Information on Investing in Yantai Stock
Balance Sheet is a snapshot of the
financial position of Yantai Changyu Pioneer at a specified time, usually calculated after every quarter, six months, or one year. Yantai Changyu Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Yantai Changyu 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 Yantai currently owns. An asset can also be divided into two categories, current and non-current.