002627 Stock | | | 5.14 0.11 2.10% |
Hubeiyichang Transportation financial indicator trend analysis is much more than just examining Hubeiyichang Transportation latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hubeiyichang Transportation is a good investment. Please check the relationship between Hubeiyichang Transportation Total Revenue and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hubeiyichang Transportation 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.
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
Hubeiyichang Transportation Total Revenue account and
Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Hubeiyichang Transportation's Total Revenue and Total Assets is 0.89. 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 Hubeiyichang Transportation Group, assuming nothing else is changed. The correlation between historical values of Hubeiyichang Transportation'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 Hubeiyichang Transportation Group 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., Hubeiyichang Transportation's Total Revenue and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Revenue
Total revenue comprises all receipts Hubeiyichang Transportation 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 Hubeiyichang Transportation 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 Hubeiyichang Transportation 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 Hubeiyichang Transportation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hubeiyichang Transportation 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 Hubeiyichang Transportation 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
Tax Provision is expected to grow to about 40.2
M, whereas
Selling General Administrative is forecasted to decline to about 84.3
M.
Hubeiyichang Transportation fundamental ratios Correlations
Click cells to compare fundamentals
Hubeiyichang Transportation Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hubeiyichang Transportation fundamental ratios Accounts
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Other Information on Investing in Hubeiyichang Stock
Balance Sheet is a snapshot of the
financial position of Hubeiyichang Transportation at a specified time, usually calculated after every quarter, six months, or one year. Hubeiyichang Transportation Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hubeiyichang Transportation 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 Hubeiyichang currently owns. An asset can also be divided into two categories, current and non-current.