Xiamen Non Current Liabilities Total vs Other Current Liab Analysis

301028 Stock   10.73  0.18  1.71%   
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 Non Current Liabilities Total and its Other Current Liab 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.

Non Current Liabilities Total vs Other Current Liab

Non Current Liabilities Total vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiamen East Asia Non Current Liabilities Total account and Other Current Liab. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Xiamen East's Non Current Liabilities Total and Other Current Liab is -0.61. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Other Current Liab 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 Non Current Liabilities Total and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Xiamen East Asia are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Non Current Liabilities Total i.e., Xiamen East's Non Current Liabilities Total and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.61
Relationship DirectionNegative 
Relationship StrengthWeak

Non Current Liabilities Total

Other Current Liab

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 Profit297.7M255.1M289.4M279.6M
Total Revenue893.2M794.9M958.6M886.6M

Xiamen East fundamental ratios Correlations

-0.760.991.00.990.90.930.890.680.980.990.950.910.870.991.0-0.570.950.990.860.830.30.77-0.57
-0.76-0.78-0.76-0.8-0.73-0.75-0.63-0.46-0.88-0.69-0.61-0.59-0.93-0.77-0.760.44-0.76-0.69-0.7-0.52-0.12-0.490.44
0.99-0.780.980.990.950.860.940.760.970.990.960.860.91.00.98-0.640.890.990.770.80.420.83-0.64
1.0-0.760.980.980.870.940.880.650.970.990.940.920.860.981.0-0.550.960.990.880.830.260.75-0.55
0.99-0.80.990.980.910.880.920.70.980.970.960.830.880.990.98-0.580.910.970.80.860.380.81-0.58
0.9-0.730.950.870.910.690.950.820.90.920.910.740.90.950.88-0.690.740.920.580.660.570.85-0.68
0.93-0.750.860.940.880.690.660.420.910.880.780.940.80.860.94-0.41.00.880.990.73-0.060.51-0.4
0.89-0.630.940.880.920.950.660.830.860.930.970.680.770.950.88-0.650.70.930.540.820.670.93-0.65
0.68-0.460.760.650.70.820.420.830.660.730.780.520.60.760.65-0.950.470.730.310.640.820.94-0.95
0.98-0.880.970.970.980.90.910.860.660.950.890.850.950.970.97-0.580.930.950.840.750.270.72-0.58
0.99-0.690.990.990.970.920.880.930.730.950.970.90.840.990.99-0.610.911.00.80.840.390.82-0.61
0.95-0.610.960.940.960.910.780.970.780.890.970.790.750.960.94-0.620.810.970.680.90.540.9-0.62
0.91-0.590.860.920.830.740.940.680.520.850.90.790.760.860.91-0.490.950.90.930.650.030.54-0.48
0.87-0.930.90.860.880.90.80.770.60.950.840.750.760.890.86-0.530.830.840.740.530.230.6-0.53
0.99-0.771.00.980.990.950.860.950.760.970.990.960.860.890.98-0.640.890.990.770.810.430.84-0.64
1.0-0.760.981.00.980.880.940.880.650.970.990.940.910.860.98-0.550.960.990.880.840.270.75-0.55
-0.570.44-0.64-0.55-0.58-0.69-0.4-0.65-0.95-0.58-0.61-0.62-0.49-0.53-0.64-0.55-0.44-0.61-0.31-0.52-0.69-0.821.0
0.95-0.760.890.960.910.741.00.70.470.930.910.810.950.830.890.96-0.440.910.980.73-0.010.55-0.44
0.99-0.690.990.990.970.920.880.930.730.951.00.970.90.840.990.99-0.610.910.80.840.390.82-0.61
0.86-0.70.770.880.80.580.990.540.310.840.80.680.930.740.770.88-0.310.980.80.64-0.20.38-0.31
0.83-0.520.80.830.860.660.730.820.640.750.840.90.650.530.810.84-0.520.730.840.640.460.83-0.52
0.3-0.120.420.260.380.57-0.060.670.820.270.390.540.030.230.430.27-0.69-0.010.39-0.20.460.83-0.69
0.77-0.490.830.750.810.850.510.930.940.720.820.90.540.60.840.75-0.820.550.820.380.830.83-0.82
-0.570.44-0.64-0.55-0.58-0.68-0.4-0.65-0.95-0.58-0.61-0.62-0.48-0.53-0.64-0.551.0-0.44-0.61-0.31-0.52-0.69-0.82
Click cells to compare fundamentals

Xiamen East Account Relationship Matchups

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.