002293 Stock | | | 8.23 0.09 1.11% |
Luolai Home financial indicator trend analysis is infinitely more than just investigating Luolai Home Textile recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Luolai Home Textile is a good investment. Please check the relationship between Luolai Home Total Revenue and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Luolai Home Textile. 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 Revenue vs Total Assets
Total Revenue vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Luolai Home Textile Total Revenue account and
Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Luolai Home's Total Revenue and Total Assets is 0.97. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Assets in the same time period over historical financial statements of Luolai Home Textile, assuming nothing else is changed. The correlation between historical values of Luolai Home's Total Revenue and Total Assets 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 Revenue of Luolai Home Textile are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Revenue i.e., Luolai Home's Total Revenue and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts Luolai Home Textile 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.
Total Assets
Total assets refers to the total amount of Luolai Home assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Luolai Home Textile books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Luolai Home's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Luolai Home Textile 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 Luolai Home Textile. 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 70.3
M. The current year's
Tax Provision is expected to grow to about 114.1
M | 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 2.6B | 2.4B | 2.5B | 1.5B | Total Revenue | 5.8B | 5.3B | 5.3B | 3.3B |
Luolai Home fundamental ratios Correlations
Click cells to compare fundamentals
Luolai Home Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Luolai Home fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Luolai Stock
Balance Sheet is a snapshot of the
financial position of Luolai Home Textile at a specified time, usually calculated after every quarter, six months, or one year. Luolai Home Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Luolai Home 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 Luolai currently owns. An asset can also be divided into two categories, current and non-current.