| 002998 Stock | | | 6.62 0.22 3.22% |
Elite Color financial indicator trend analysis is much more than just examining Elite Color Environmental latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elite Color Environmental is a good investment. Please check the relationship between Elite Color Total Current Liabilities and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Elite Color Environmental. 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 Total Assets
Total Current Liabilities vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Elite Color Environmental Total Current Liabilities account and
Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Elite Color's Total Current Liabilities and Total Assets is 0.62. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Assets in the same time period over historical financial statements of Elite Color Environmental, assuming nothing else is changed. The correlation between historical values of Elite Color's Total Current Liabilities 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 Current Liabilities of Elite Color Environmental 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 Current Liabilities i.e., Elite Color's Total Current Liabilities and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.62 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Elite Color balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Elite Color Environmental 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.
Total Assets
Total assets refers to the total amount of Elite Color 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 Elite Color Environmental 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 Elite Color's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elite Color Environmental 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 Elite Color Environmental. 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 23, 2024,
Tax Provision is expected to decline to about 10.6
M. In addition to that,
Selling General Administrative is expected to decline to about 21.5
MElite Color fundamental ratios Correlations
Click cells to compare fundamentals
Elite Color Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Elite Color fundamental ratios Accounts
Also Currently Popular
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 Elite Stock
Balance Sheet is a snapshot of the
financial position of Elite Color Environmental at a specified time, usually calculated after every quarter, six months, or one year. Elite Color Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Elite Color 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 Elite currently owns. An asset can also be divided into two categories, current and non-current.