600389 Stock | | | 15.40 0.18 1.18% |
Nantong Jiangshan financial indicator trend analysis is infinitely more than just investigating Nantong Jiangshan recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nantong Jiangshan is a good investment. Please check the relationship between Nantong Jiangshan Other Liab and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Nantong Jiangshan Agrochemical. 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
Nantong Jiangshan Other Liab account and
Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nantong Jiangshan's Other Liab and Inventory is 0.66. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Inventory in the same time period over historical financial statements of Nantong Jiangshan Agrochemical, assuming nothing else is changed. The correlation between historical values of Nantong Jiangshan's Other Liab and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Nantong Jiangshan Agrochemical are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Other Liab i.e., Nantong Jiangshan's Other Liab and Inventory go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Most indicators from Nantong Jiangshan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nantong Jiangshan 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 Nantong Jiangshan Agrochemical. 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 110.8
M, whereas
Tax Provision is forecasted to decline to about 53.8
M.
Balance Sheet is a snapshot of the
financial position of Nantong Jiangshan at a specified time, usually calculated after every quarter, six months, or one year. Nantong Jiangshan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nantong Jiangshan 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 Nantong currently owns. An asset can also be divided into two categories, current and non-current.