| 300314 Stock | | | 12.62 0.28 2.27% |
Ningbo David financial indicator trend analysis is infinitely more than just investigating Ningbo David Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo David Medical is a good investment. Please check the relationship between Ningbo David Cash and its Intangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo David Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Cash vs Intangible Assets
Cash vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ningbo David Medical Cash account and
Intangible Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Ningbo David's Cash and Intangible Assets is 0.17. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Ningbo David Medical, assuming nothing else is changed. The correlation between historical values of Ningbo David's Cash and Intangible 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 Cash of Ningbo David Medical are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Cash i.e., Ningbo David's Cash and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.17 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Ningbo David Medical, which is listed under current asset account on Ningbo David Medical balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ningbo David customers. The amounts must be unrestricted with restricted cash listed in a different Ningbo David 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.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Ningbo David's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo David Medical 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 Ningbo David Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
As of December 1, 2024,
Selling General Administrative is expected to decline to about 76.2
M. In addition to that,
Tax Provision is expected to decline to about 12.8
MNingbo David fundamental ratios Correlations
Click cells to compare fundamentals
Ningbo David Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ningbo David fundamental ratios Accounts
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Other Information on Investing in Ningbo Stock
Balance Sheet is a snapshot of the
financial position of Ningbo David Medical at a specified time, usually calculated after every quarter, six months, or one year. Ningbo David Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo David 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 Ningbo currently owns. An asset can also be divided into two categories, current and non-current.