600309 Stock | | | 73.00 0.89 1.20% |
Wanhua Chemical financial indicator trend analysis is more than just analyzing Wanhua Chemical Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wanhua Chemical Group is a good investment. Please check the relationship between Wanhua Chemical Total Assets and its Property Plant Equipment accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Wanhua Chemical Group. 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 Assets vs Property Plant Equipment
Total Assets vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wanhua Chemical Group Total Assets account and
Property Plant Equipment. At this time, the significance of the direction appears to have totally related.
The correlation between Wanhua Chemical's Total Assets and Property Plant Equipment is 0.99. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Wanhua Chemical Group, assuming nothing else is changed. The correlation between historical values of Wanhua Chemical's Total Assets and Property Plant Equipment 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 Assets of Wanhua Chemical Group are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Assets i.e., Wanhua Chemical's Total Assets and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Wanhua Chemical 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 Wanhua Chemical Group 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.
Property Plant Equipment
Most indicators from Wanhua Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wanhua Chemical Group 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 Wanhua Chemical Group. 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
Selling General Administrative is expected to grow to about 3.6
B. The current year's
Tax Provision is expected to grow to about 2.6
BWanhua Chemical fundamental ratios Correlations
Click cells to compare fundamentals
Wanhua Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wanhua Chemical fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Wanhua Stock
Balance Sheet is a snapshot of the
financial position of Wanhua Chemical Group at a specified time, usually calculated after every quarter, six months, or one year. Wanhua Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Wanhua Chemical 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 Wanhua currently owns. An asset can also be divided into two categories, current and non-current.