| 002693 Stock | | | 22.96 0.08 0.35% |
Hainan Shuangcheng financial indicator trend analysis is much more than just examining Hainan Shuangcheng latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hainan Shuangcheng is a good investment. Please check the relationship between Hainan Shuangcheng Cash and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hainan Shuangcheng Pharmaceut. 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.
Cash vs Total Stockholder Equity
Cash vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hainan Shuangcheng Cash account and
Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hainan Shuangcheng's Cash and Total Stockholder Equity is 0.68. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Hainan Shuangcheng Pharmaceut, assuming nothing else is changed. The correlation between historical values of Hainan Shuangcheng's Cash and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Hainan Shuangcheng Pharmaceut are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Cash i.e., Hainan Shuangcheng's Cash and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.68 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Hainan Shuangcheng, which is listed under current asset account on Hainan Shuangcheng Pharmaceut balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Hainan Shuangcheng customers. The amounts must be unrestricted with restricted cash listed in a different Hainan Shuangcheng account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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.
Most indicators from Hainan Shuangcheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hainan Shuangcheng 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 Hainan Shuangcheng Pharmaceut. 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.
As of November 30, 2024,
Selling General Administrative is expected to decline to about 108
M. The current year's
Tax Provision is expected to grow to about (942
K)
Hainan Shuangcheng fundamental ratios Correlations
Click cells to compare fundamentals
Hainan Shuangcheng Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hainan Shuangcheng fundamental ratios Accounts
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Other Information on Investing in Hainan Stock
Balance Sheet is a snapshot of the
financial position of Hainan Shuangcheng at a specified time, usually calculated after every quarter, six months, or one year. Hainan Shuangcheng Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hainan Shuangcheng 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 Hainan currently owns. An asset can also be divided into two categories, current and non-current.