002480 Stock | | | 5.27 0.29 5.22% |
Chengdu Xinzhu financial indicator trend analysis is way more than just evaluating Chengdu Xinzhu RoadBridge prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chengdu Xinzhu RoadBridge is a good investment. Please check the relationship between Chengdu Xinzhu Total Revenue and its Net Receivables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chengdu Xinzhu RoadBridge. 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 Net Receivables
Total Revenue vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chengdu Xinzhu RoadBridge Total Revenue account and
Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Chengdu Xinzhu's Total Revenue and Net Receivables is 0.52. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Chengdu Xinzhu RoadBridge, assuming nothing else is changed. The correlation between historical values of Chengdu Xinzhu's Total Revenue and Net Receivables 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 Chengdu Xinzhu RoadBridge are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Revenue i.e., Chengdu Xinzhu's Total Revenue and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.52 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Revenue
Total revenue comprises all receipts Chengdu Xinzhu RoadBridge 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.
Net Receivables
Most indicators from Chengdu Xinzhu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chengdu Xinzhu RoadBridge 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 Chengdu Xinzhu RoadBridge. 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 58.8
M, whereas
Selling General Administrative is forecasted to decline to about 55.3
M.
Chengdu Xinzhu fundamental ratios Correlations
Click cells to compare fundamentals
Chengdu Xinzhu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chengdu Xinzhu fundamental ratios Accounts
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Other Information on Investing in Chengdu Stock
Balance Sheet is a snapshot of the
financial position of Chengdu Xinzhu RoadBridge at a specified time, usually calculated after every quarter, six months, or one year. Chengdu Xinzhu Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chengdu Xinzhu 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 Chengdu currently owns. An asset can also be divided into two categories, current and non-current.