| 600255 Stock | | | 2.35 0.06 2.62% |
Xinke Material financial indicator trend analysis is more than just analyzing Xinke Material current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinke Material is a good investment. Please check the relationship between Xinke Material Total Current Assets and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinke Material. 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.
Total Current Assets vs Total Assets
Total Current Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xinke Material Total Current Assets account and
Total Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Xinke Material's Total Current Assets and Total Assets is 0.24. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Xinke Material, assuming nothing else is changed. The correlation between historical values of Xinke Material's Total Current Assets and Total 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 Assets of Xinke Material are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Assets i.e., Xinke Material's Total Current Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.24 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Total Assets
Total assets refers to the total amount of Xinke Material assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Xinke Material books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Xinke Material's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinke Material 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 Xinke Material. 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 27, 2024,
Selling General Administrative is expected to decline to about 40.6
M. In addition to that,
Discontinued Operations is expected to decline to -1,162
Xinke Material fundamental ratios Correlations
Click cells to compare fundamentals
Xinke Material Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xinke Material fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Xinke Stock
Balance Sheet is a snapshot of the
financial position of Xinke Material at a specified time, usually calculated after every quarter, six months, or one year. Xinke Material Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xinke Material 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 Xinke currently owns. An asset can also be divided into two categories, current and non-current.