600055 Stock | | | 17.13 0.03 0.18% |
Beijing Wandong financial indicator trend analysis is way more than just evaluating Beijing Wandong Medical prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Wandong Medical is a good investment. Please check the relationship between Beijing Wandong Net Receivables and its Other Current Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing Wandong Medical. 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 overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Beijing Wandong Medical Net Receivables account and
Other Current Liab. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Beijing Wandong's Net Receivables and Other Current Liab is 0.14. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Beijing Wandong Medical, assuming nothing else is changed. The correlation between historical values of Beijing Wandong's Net Receivables 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 Net Receivables of Beijing Wandong Medical 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 Net Receivables i.e., Beijing Wandong's Net Receivables and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.14 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Most indicators from Beijing Wandong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Wandong Medical 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 Beijing Wandong Medical. 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
Selling General Administrative is expected to grow to about 166.9
M. The current year's
Tax Provision is expected to grow to about 26.9
MBalance Sheet is a snapshot of the
financial position of Beijing Wandong Medical at a specified time, usually calculated after every quarter, six months, or one year. Beijing Wandong Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing Wandong 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 Beijing currently owns. An asset can also be divided into two categories, current and non-current.