Yoantion Other Current Assets vs Cash Analysis

301053 Stock   22.10  0.23  1.03%   
Yoantion Industrial financial indicator trend analysis is more than just analyzing Yoantion Industrial current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yoantion Industrial is a good investment. Please check the relationship between Yoantion Industrial Other Current Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Yoantion Industrial IncLtd. 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.

Other Current Assets vs Cash

Other Current Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Yoantion Industrial Other Current Assets account and Cash. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Yoantion Industrial's Other Current Assets and Cash is 0.19. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Yoantion Industrial IncLtd, assuming nothing else is changed. The correlation between historical values of Yoantion Industrial's Other Current Assets 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 Other Current Assets of Yoantion Industrial IncLtd 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 Other Current Assets i.e., Yoantion Industrial's Other Current Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.19
Relationship DirectionPositive 
Relationship StrengthInsignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Cash

Cash refers to the most liquid asset of Yoantion Industrial, which is listed under current asset account on Yoantion Industrial IncLtd balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Yoantion Industrial customers. The amounts must be unrestricted with restricted cash listed in a different Yoantion Industrial 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 Yoantion Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yoantion Industrial 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 Yoantion Industrial IncLtd. 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 28, 2024, Tax Provision is expected to decline to about 2.2 M. In addition to that, Selling General Administrative is expected to decline to about 38.1 M
 2021 2022 2023 2024 (projected)
Interest Expense489.2K934.4K926.2K801.9K
Interest Income3.6M6.1M3.8M3.4M

Yoantion Industrial fundamental ratios Correlations

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0.65-0.570.540.630.650.640.340.80.90.760.770.920.530.670.620.660.520.770.420.970.940.64-0.870.921.0
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Yoantion Industrial Account Relationship Matchups

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Other Information on Investing in Yoantion Stock

Balance Sheet is a snapshot of the financial position of Yoantion Industrial at a specified time, usually calculated after every quarter, six months, or one year. Yoantion Industrial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Yoantion Industrial 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 Yoantion currently owns. An asset can also be divided into two categories, current and non-current.