| 000880 Stock | | | 12.49 0.53 4.07% |
Weichai Heavy financial indicator trend analysis is more than just analyzing Weichai Heavy Machinery current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Weichai Heavy Machinery is a good investment. Please check the relationship between Weichai Heavy Retained Earnings and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Weichai Heavy Machinery. 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.
Retained Earnings vs Cash
Retained Earnings vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Weichai Heavy Machinery Retained Earnings account and
Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Weichai Heavy's Retained Earnings and Cash is 0.95. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of Weichai Heavy Machinery, assuming nothing else is changed. The correlation between historical values of Weichai Heavy's Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Weichai Heavy Machinery are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., Weichai Heavy's Retained Earnings and Cash go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
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.
Cash
Cash refers to the most liquid asset of Weichai Heavy Machinery, which is listed under current asset account on Weichai Heavy Machinery balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Weichai Heavy customers. The amounts must be unrestricted with restricted cash listed in a different Weichai Heavy 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.
Most indicators from Weichai Heavy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Weichai Heavy Machinery 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 Weichai Heavy Machinery. 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
Selling General Administrative is expected to grow to about 140.5
M, whereas
Tax Provision is projected to grow to (12.2
M).
Weichai Heavy fundamental ratios Correlations
Click cells to compare fundamentals
Weichai Heavy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Weichai Heavy fundamental ratios Accounts
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Other Information on Investing in Weichai Stock
Balance Sheet is a snapshot of the
financial position of Weichai Heavy Machinery at a specified time, usually calculated after every quarter, six months, or one year. Weichai Heavy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Weichai Heavy 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 Weichai currently owns. An asset can also be divided into two categories, current and non-current.