600006 Stock | | | 7.23 0.13 1.77% |
Dongfeng Automobile financial indicator trend analysis is much more than just examining Dongfeng Automobile latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dongfeng Automobile is a good investment. Please check the relationship between Dongfeng Automobile Retained Earnings and its Net Receivables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Dongfeng Automobile Co. 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.
Retained Earnings vs Net Receivables
Retained Earnings vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dongfeng Automobile Retained Earnings account and
Net Receivables. At this time, the significance of the direction appears to have very week relationship.
The correlation between Dongfeng Automobile's Retained Earnings and Net Receivables is 0.29. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Dongfeng Automobile Co, assuming nothing else is changed. The correlation between historical values of Dongfeng Automobile's Retained Earnings and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Dongfeng Automobile Co are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Retained Earnings i.e., Dongfeng Automobile's Retained Earnings and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.29 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Net Receivables
Most indicators from Dongfeng Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dongfeng Automobile 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 Dongfeng Automobile Co. 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.
The current year's
Tax Provision is expected to grow to about 2.8
M, whereas
Selling General Administrative is forecasted to decline to about 490
M.
Dongfeng Automobile fundamental ratios Correlations
Click cells to compare fundamentals
Dongfeng Automobile Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dongfeng Automobile fundamental ratios Accounts
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Other Information on Investing in Dongfeng Stock
Balance Sheet is a snapshot of the
financial position of Dongfeng Automobile at a specified time, usually calculated after every quarter, six months, or one year. Dongfeng Automobile Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dongfeng Automobile 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 Dongfeng currently owns. An asset can also be divided into two categories, current and non-current.