| 002878 Stock | | | 16.12 1.47 10.03% |
Beijing Yuanlong financial indicator trend analysis is way more than just evaluating Beijing Yuanlong Yato prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Yuanlong Yato is a good investment. Please check the relationship between Beijing Yuanlong Net Income and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing Yuanlong Yato. 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.
Net Income vs Depreciation
Net Income vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Beijing Yuanlong Yato Net Income account and
Depreciation. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Beijing Yuanlong's Net Income and Depreciation is 0.1. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of Beijing Yuanlong Yato, assuming nothing else is changed. The correlation between historical values of Beijing Yuanlong's Net Income and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Beijing Yuanlong Yato are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Income i.e., Beijing Yuanlong's Net Income and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.1 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Beijing Yuanlong Yato financial statement analysis. It represents the amount of money remaining after all of Beijing Yuanlong Yato operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Depreciation
Depreciation indicates how much of Beijing Yuanlong Yato value has been used up. For tax purposes Beijing Yuanlong can deduct the cost of the tangible assets it purchases as business expenses. However, Beijing Yuanlong Yato must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Beijing Yuanlong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Yuanlong Yato 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 Beijing Yuanlong Yato. 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
M). In addition to that,
Selling General Administrative is expected to decline to about 154.5
MBeijing Yuanlong fundamental ratios Correlations
Click cells to compare fundamentals
Beijing Yuanlong Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beijing Yuanlong fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Beijing Stock
Balance Sheet is a snapshot of the
financial position of Beijing Yuanlong Yato at a specified time, usually calculated after every quarter, six months, or one year. Beijing Yuanlong Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing Yuanlong 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 Beijing currently owns. An asset can also be divided into two categories, current and non-current.