| 300912 Stock | | | 11.86 0.12 1.02% |
Kailong High financial indicator trend analysis is infinitely more than just investigating Kailong High Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kailong High Technology is a good investment. Please check the relationship between Kailong High Depreciation and its Change To Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Kailong High Technology. 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.
Depreciation vs Change To Inventory
Depreciation vs Change To Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kailong High Technology Depreciation account and
Change To Inventory. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Kailong High's Depreciation and Change To Inventory is 0.49. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Kailong High Technology, assuming nothing else is changed. The correlation between historical values of Kailong High's Depreciation and Change To Inventory 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 Kailong High Technology are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Depreciation i.e., Kailong High's Depreciation and Change To Inventory go up and down completely randomly.
Correlation Coefficient | 0.49 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Depreciation
Depreciation indicates how much of Kailong High Technology value has been used up. For tax purposes Kailong High can deduct the cost of the tangible assets it purchases as business expenses. However, Kailong High Technology 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.
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from Kailong High's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kailong High Technology 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 Kailong High Technology. 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 January 29, 2025,
Tax Provision is expected to decline to about (1.8
M). In addition to that,
Selling General Administrative is expected to decline to about 45.6
MKailong High fundamental ratios Correlations
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Kailong High Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kailong High fundamental ratios Accounts
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Other Information on Investing in Kailong Stock
Balance Sheet is a snapshot of the
financial position of Kailong High Technology at a specified time, usually calculated after every quarter, six months, or one year. Kailong High Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kailong High 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 Kailong currently owns. An asset can also be divided into two categories, current and non-current.