Xiamen Capital Stock vs Net Working Capital Analysis
301028 Stock | 10.64 0.09 0.84% |
Xiamen East financial indicator trend analysis is more than just analyzing Xiamen East Asia current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen East Asia is a good investment. Please check the relationship between Xiamen East Capital Stock and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen East Asia. 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.
Capital Stock vs Net Working Capital
Capital Stock vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiamen East Asia Capital Stock account and Net Working Capital. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Xiamen East's Capital Stock and Net Working Capital is 0.8. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Xiamen East Asia, assuming nothing else is changed. The correlation between historical values of Xiamen East's Capital Stock and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of Xiamen East Asia are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Capital Stock i.e., Xiamen East's Capital Stock and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Net Working Capital
Most indicators from Xiamen East's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen East Asia 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 Xiamen East Asia. 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 Tax Provision is expected to grow to about 22.1 M, whereas Selling General Administrative is forecasted to decline to about 39 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 297.7M | 255.1M | 289.4M | 279.6M | Total Revenue | 893.2M | 794.9M | 958.6M | 886.6M |
Xiamen East fundamental ratios Correlations
Click cells to compare fundamentals
Xiamen East Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
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.Other Information on Investing in Xiamen Stock
Balance Sheet is a snapshot of the financial position of Xiamen East Asia at a specified time, usually calculated after every quarter, six months, or one year. Xiamen East Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xiamen East 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 Xiamen currently owns. An asset can also be divided into two categories, current and non-current.