| 002999 Stock | | | 5.89 0.18 2.97% |
Guangdong Tianhe financial indicator trend analysis is much more than just examining Guangdong Tianhe Agr latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Tianhe Agr is a good investment. Please check the relationship between Guangdong Tianhe Depreciation and its Net Borrowings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Tianhe Agricultural. 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.
Depreciation vs Net Borrowings
Depreciation vs Net Borrowings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guangdong Tianhe Agr Depreciation account and
Net Borrowings. At this time, the significance of the direction appears to have very week relationship.
The correlation between Guangdong Tianhe's Depreciation and Net Borrowings is 0.21. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Guangdong Tianhe Agricultural, assuming nothing else is changed. The correlation between historical values of Guangdong Tianhe's Depreciation and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Guangdong Tianhe Agricultural are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Depreciation i.e., Guangdong Tianhe's Depreciation and Net Borrowings go up and down completely randomly.
Correlation Coefficient | 0.21 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Depreciation
Depreciation indicates how much of Guangdong Tianhe Agr value has been used up. For tax purposes Guangdong Tianhe can deduct the cost of the tangible assets it purchases as business expenses. However, Guangdong Tianhe Agricultural 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.
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Most indicators from Guangdong Tianhe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Tianhe Agr 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 Guangdong Tianhe Agricultural. 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 560.7
M, whereas
Tax Provision is forecasted to decline to about 36.7
M.
Guangdong Tianhe fundamental ratios Correlations
Click cells to compare fundamentals
Guangdong Tianhe Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guangdong Tianhe 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 Guangdong Stock
Balance Sheet is a snapshot of the
financial position of Guangdong Tianhe Agr at a specified time, usually calculated after every quarter, six months, or one year. Guangdong Tianhe Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangdong Tianhe 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 Guangdong currently owns. An asset can also be divided into two categories, current and non-current.