SGSG Sciencetechnolog financial indicator trend analysis is much more than just breaking down SGSG Sciencetechnology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SGSG Sciencetechnology is a good investment. Please check the relationship between SGSG Sciencetechnolog Total Revenue and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in SGSG Sciencetechnology Co. 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 Revenue vs Total Current Liabilities
Total Revenue vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SGSG Sciencetechnology Total Revenue account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between SGSG Sciencetechnolog's Total Revenue and Total Current Liabilities is 0.9. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of SGSG Sciencetechnology Co, assuming nothing else is changed. The correlation between historical values of SGSG Sciencetechnolog's Total Revenue and Total Current Liabilities 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 Revenue of SGSG Sciencetechnology Co are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Revenue i.e., SGSG Sciencetechnolog's Total Revenue and Total Current Liabilities go up and down completely randomly.
Total revenue comprises all receipts SGSG Sciencetechnology generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Total Current Liabilities
Total Current Liabilities is an item on SGSG Sciencetechnolog balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of SGSG Sciencetechnology Co 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.
Most indicators from SGSG Sciencetechnolog's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SGSG Sciencetechnology 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 SGSG Sciencetechnology Co. 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.
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.
Balance Sheet is a snapshot of the financial position of SGSG Sciencetechnology at a specified time, usually calculated after every quarter, six months, or one year. SGSG Sciencetechnolog Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SGSG Sciencetechnolog 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 SGSG currently owns. An asset can also be divided into two categories, current and non-current.