002228 Stock | | | 3.32 0.10 3.11% |
Xiamen Hexing financial indicator trend analysis is more than just analyzing Xiamen Hexing Packaging current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen Hexing Packaging is a good investment. Please check the relationship between Xiamen Hexing Net Receivables and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen Hexing Packaging. 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.
Net Receivables vs Total Revenue
Net Receivables vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xiamen Hexing Packaging Net Receivables account and
Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Xiamen Hexing's Net Receivables and Total Revenue is 0.91. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Xiamen Hexing Packaging, assuming nothing else is changed. The correlation between historical values of Xiamen Hexing's Net Receivables and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Xiamen Hexing Packaging are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Net Receivables i.e., Xiamen Hexing's Net Receivables and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Receivables
Total Revenue
Total revenue comprises all receipts Xiamen Hexing Packaging generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Xiamen Hexing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen Hexing Packaging 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 Xiamen Hexing Packaging. 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 269.5
M, whereas
Tax Provision is forecasted to decline to about 9.5
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Operating Income | 364.5M | 202.5M | 243.4M | 227.2M | Total Revenue | 17.5B | 15.4B | 12.4B | 13.0B |
Xiamen Hexing fundamental ratios Correlations
Click cells to compare fundamentals
Xiamen Hexing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xiamen Hexing fundamental ratios Accounts
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Other Information on Investing in Xiamen Stock
Balance Sheet is a snapshot of the
financial position of Xiamen Hexing Packaging at a specified time, usually calculated after every quarter, six months, or one year. Xiamen Hexing Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xiamen Hexing 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 Xiamen currently owns. An asset can also be divided into two categories, current and non-current.