002688 Stock | | | 4.38 0.16 3.52% |
Jinhe Biotechnology financial indicator trend analysis is infinitely more than just investigating Jinhe Biotechnology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jinhe Biotechnology is a good investment. Please check the relationship between Jinhe Biotechnology Total Stockholder Equity and its Property Plant And Equipment Net accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Jinhe Biotechnology Co. 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 Stockholder Equity vs Property Plant And Equipment Net
Total Stockholder Equity vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jinhe Biotechnology Total Stockholder Equity account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between Jinhe Biotechnology's Total Stockholder Equity and Property Plant And Equipment Net is 0.72. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Jinhe Biotechnology Co, assuming nothing else is changed. The correlation between historical values of Jinhe Biotechnology's Total Stockholder Equity and Property Plant And Equipment Net 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 Stockholder Equity of Jinhe Biotechnology Co are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Stockholder Equity i.e., Jinhe Biotechnology's Total Stockholder Equity and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Jinhe Biotechnology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jinhe Biotechnology 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 Jinhe Biotechnology Co. 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 167.5
M, whereas
Tax Provision is forecasted to decline to about 6.7
M.
Jinhe Biotechnology fundamental ratios Correlations
Click cells to compare fundamentals
Jinhe Biotechnology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jinhe Biotechnology fundamental ratios Accounts
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Other Information on Investing in Jinhe Stock
Balance Sheet is a snapshot of the
financial position of Jinhe Biotechnology at a specified time, usually calculated after every quarter, six months, or one year. Jinhe Biotechnology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jinhe Biotechnology 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 Jinhe currently owns. An asset can also be divided into two categories, current and non-current.