300651 Stock | | | 13.61 0.60 4.22% |
Jiangsu Jinling financial indicator trend analysis is infinitely more than just investigating Jiangsu Jinling Sports recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangsu Jinling Sports is a good investment. Please check the relationship between Jiangsu Jinling Total Current Liabilities and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangsu Jinling Sports. 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 Retained Earnings
Total Current Liabilities vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jiangsu Jinling Sports Total Current Liabilities account and
Retained Earnings. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Jiangsu Jinling's Total Current Liabilities and Retained Earnings is 0.47. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Jiangsu Jinling Sports, assuming nothing else is changed. The correlation between historical values of Jiangsu Jinling's Total Current Liabilities and Retained Earnings 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 Jiangsu Jinling Sports are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Liabilities i.e., Jiangsu Jinling's Total Current Liabilities and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.47 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Jiangsu Jinling balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Jiangsu Jinling Sports 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.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Jiangsu Jinling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangsu Jinling Sports 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 Jiangsu Jinling Sports. 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 66.3
M, whereas
Tax Provision is forecasted to decline to about 9.4
M.
Jiangsu Jinling fundamental ratios Correlations
Click cells to compare fundamentals
Jiangsu Jinling Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jiangsu Jinling fundamental ratios Accounts
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Other Information on Investing in Jiangsu Stock
Balance Sheet is a snapshot of the
financial position of Jiangsu Jinling Sports at a specified time, usually calculated after every quarter, six months, or one year. Jiangsu Jinling Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jiangsu Jinling 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 Jiangsu currently owns. An asset can also be divided into two categories, current and non-current.