| 600016 Stock | | | 3.87 0.19 4.68% |
China Minsheng financial indicator trend analysis is way more than just evaluating China Minsheng Banking prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Minsheng Banking is a good investment. Please check the relationship between China Minsheng Total Current Liabilities and its Other Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Minsheng Banking. 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.
Total Current Liabilities vs Other Current Assets
Total Current Liabilities vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Minsheng Banking Total Current Liabilities account and
Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between China Minsheng's Total Current Liabilities and Other Current Assets is -0.62. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of China Minsheng Banking, assuming nothing else is changed. The correlation between historical values of China Minsheng's Total Current Liabilities and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of China Minsheng Banking are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Current Liabilities i.e., China Minsheng's Total Current Liabilities and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.62 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on China Minsheng balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of China Minsheng Banking are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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.
Most indicators from China Minsheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Minsheng Banking 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 China Minsheng Banking. 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 November 24, 2024,
Selling General Administrative is expected to decline to about 38
B. In addition to that,
Tax Provision is expected to decline to about 1.3
BChina Minsheng fundamental ratios Correlations
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China Minsheng Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Minsheng fundamental ratios Accounts
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Other Information on Investing in China Stock
Balance Sheet is a snapshot of the
financial position of China Minsheng Banking at a specified time, usually calculated after every quarter, six months, or one year. China Minsheng Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Minsheng 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 China currently owns. An asset can also be divided into two categories, current and non-current.