002893 Stock | | | 11.56 0.75 6.09% |
Beijing HuaYuanYiTong financial indicator trend analysis is way more than just evaluating Beijing HuaYuanYiTong prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing HuaYuanYiTong is a good investment. Please check the relationship between Beijing HuaYuanYiTong Total Current Liabilities and its Common Stock accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing HuaYuanYiTong Thermal. 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 Current Liabilities vs Common Stock
Total Current Liabilities vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Beijing HuaYuanYiTong Total Current Liabilities account and
Common Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Beijing HuaYuanYiTong's Total Current Liabilities and Common Stock is 0.88. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Common Stock in the same time period over historical financial statements of Beijing HuaYuanYiTong Thermal, assuming nothing else is changed. The correlation between historical values of Beijing HuaYuanYiTong's Total Current Liabilities and Common Stock 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 Current Liabilities of Beijing HuaYuanYiTong Thermal are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Current Liabilities i.e., Beijing HuaYuanYiTong's Total Current Liabilities and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on Beijing HuaYuanYiTong balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Beijing HuaYuanYiTong Thermal are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Common Stock
Most indicators from Beijing HuaYuanYiTong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing HuaYuanYiTong 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 HuaYuanYiTong Thermal. 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 16.3
M. The current year's
Selling General Administrative is expected to grow to about 21.2
MBeijing HuaYuanYiTong fundamental ratios Correlations
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Beijing HuaYuanYiTong Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beijing HuaYuanYiTong fundamental ratios Accounts
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Other Information on Investing in Beijing Stock
Balance Sheet is a snapshot of the
financial position of Beijing HuaYuanYiTong at a specified time, usually calculated after every quarter, six months, or one year. Beijing HuaYuanYiTong Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing HuaYuanYiTong 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.