000937 Stock | | | 6.20 0.06 0.98% |
Jizhong Energy financial indicator trend analysis is infinitely more than just investigating Jizhong Energy Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jizhong Energy Resources is a good investment. Please check the relationship between Jizhong Energy Total Current Assets and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Jizhong Energy Resources. 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 Retained Earnings
Total Current Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jizhong Energy Resources Total Current Assets account and
Retained Earnings. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Jizhong Energy's Total Current Assets and Retained Earnings is 0.49. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Jizhong Energy Resources, assuming nothing else is changed. The correlation between historical values of Jizhong Energy's Total Current Assets and Retained Earnings 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 Jizhong Energy Resources are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Assets i.e., Jizhong Energy's Total Current Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.49 |
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.
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.
Most indicators from Jizhong Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jizhong Energy Resources 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 Jizhong Energy Resources. 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 27, 2024,
Selling General Administrative is expected to decline to about 237.6
M. In addition to that,
Tax Provision is expected to decline to about 827.6
MJizhong Energy fundamental ratios Correlations
Click cells to compare fundamentals
Jizhong Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jizhong Energy fundamental ratios Accounts
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Other Information on Investing in Jizhong Stock
Balance Sheet is a snapshot of the
financial position of Jizhong Energy Resources at a specified time, usually calculated after every quarter, six months, or one year. Jizhong Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jizhong Energy 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 Jizhong currently owns. An asset can also be divided into two categories, current and non-current.