| 002476 Stock | | | 4.64 0.02 0.43% |
Shandong Polymer financial indicator trend analysis is much more than just breaking down Shandong Polymer Bio prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Polymer Bio is a good investment. Please check the relationship between Shandong Polymer Total Assets and its Cash And Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Polymer Biochemicals. 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 Assets vs Cash And Short Term Investments
Total Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shandong Polymer Bio Total Assets account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have no relationship.
The correlation between Shandong Polymer's Total Assets and Cash And Short Term Investments is 0.03. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Shandong Polymer Biochemicals, assuming nothing else is changed. The correlation between historical values of Shandong Polymer's Total Assets and Cash And Short Term Investments 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 Assets of Shandong Polymer Biochemicals are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Assets i.e., Shandong Polymer's Total Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.03 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Total Assets
Total assets refers to the total amount of Shandong Polymer 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 Shandong Polymer Bio 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.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Shandong Polymer Bio balance sheet. This account contains Shandong Polymer investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Shandong Polymer Biochemicals fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Shandong Polymer's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Polymer Bio 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 Shandong Polymer Biochemicals. 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
Tax Provision is expected to grow to about 5.7
M, whereas
Selling General Administrative is forecasted to decline to about 13.7
M.
Shandong Polymer fundamental ratios Correlations
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Shandong Polymer Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shandong Polymer fundamental ratios Accounts
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Other Information on Investing in Shandong Stock
Balance Sheet is a snapshot of the
financial position of Shandong Polymer Bio at a specified time, usually calculated after every quarter, six months, or one year. Shandong Polymer Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shandong Polymer 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 Shandong currently owns. An asset can also be divided into two categories, current and non-current.