| 300867 Stock | | | 14.28 0.01 0.07% |
Shengyuan Environmental financial indicator trend analysis is much more than just breaking down Shengyuan Environmental prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shengyuan Environmental is a good investment. Please check the relationship between Shengyuan Environmental Inventory and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shengyuan Environmental Protection. 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.
Inventory vs Cash
Inventory vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shengyuan Environmental Inventory account and
Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Shengyuan Environmental's Inventory and Cash is 0.58. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash in the same time period over historical financial statements of Shengyuan Environmental Protection, assuming nothing else is changed. The correlation between historical values of Shengyuan Environmental's Inventory and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Shengyuan Environmental Protection are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Inventory i.e., Shengyuan Environmental's Inventory and Cash go up and down completely randomly.
Correlation Coefficient | 0.58 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Inventory
Cash
Cash refers to the most liquid asset of Shengyuan Environmental, which is listed under current asset account on Shengyuan Environmental Protection balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shengyuan Environmental customers. The amounts must be unrestricted with restricted cash listed in a different Shengyuan Environmental 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.
Most indicators from Shengyuan Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shengyuan 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 Shengyuan Environmental Protection. 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 29, 2024,
Tax Provision is expected to decline to about 38.1
M. In addition to that,
Selling General Administrative is expected to decline to about 27.4
MShengyuan Environmental fundamental ratios Correlations
Click cells to compare fundamentals
Shengyuan Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shengyuan Environmental fundamental ratios Accounts
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Other Information on Investing in Shengyuan Stock
Balance Sheet is a snapshot of the
financial position of Shengyuan Environmental at a specified time, usually calculated after every quarter, six months, or one year. Shengyuan Environmental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shengyuan Environmental 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 Shengyuan currently owns. An asset can also be divided into two categories, current and non-current.