002062 Stock | | | 4.36 0.04 0.91% |
Hongrun Construction financial indicator trend analysis is much more than just examining Hongrun Construction latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hongrun Construction is a good investment. Please check the relationship between Hongrun Construction Current Deferred Revenue and its Property Plant Equipment accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hongrun Construction 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.
Current Deferred Revenue vs Property Plant Equipment
Current Deferred Revenue vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hongrun Construction Current Deferred Revenue account and
Property Plant Equipment. At this time, the significance of the direction appears to have very week relationship.
The correlation between Hongrun Construction's Current Deferred Revenue and Property Plant Equipment is 0.2. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Hongrun Construction Group, assuming nothing else is changed. The correlation between historical values of Hongrun Construction's Current Deferred Revenue and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Hongrun Construction Group are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Current Deferred Revenue i.e., Hongrun Construction's Current Deferred Revenue and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.2 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Property Plant Equipment
Most indicators from Hongrun Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hongrun Construction 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 Hongrun Construction 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.
The current year's
Selling General Administrative is expected to grow to about 76
M. The current year's
Tax Provision is expected to grow to about 117.9
MHongrun Construction fundamental ratios Correlations
Click cells to compare fundamentals
Hongrun Construction Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hongrun Construction fundamental ratios Accounts
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Other Information on Investing in Hongrun Stock
Balance Sheet is a snapshot of the
financial position of Hongrun Construction at a specified time, usually calculated after every quarter, six months, or one year. Hongrun Construction Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hongrun Construction 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 Hongrun currently owns. An asset can also be divided into two categories, current and non-current.