600406 Stock | | | 25.81 0.66 2.49% |
NARI Technology financial indicator trend analysis is infinitely more than just investigating NARI Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NARI Technology is a good investment. Please check the relationship between NARI Technology Other Assets and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in NARI Technology Co. 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.
Other Assets vs Total Assets
Other Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NARI Technology Other Assets account and
Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between NARI Technology's Other Assets and Total Assets is 0.94. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of NARI Technology Co, assuming nothing else is changed. The correlation between historical values of NARI Technology's Other 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 Other Assets of NARI Technology Co 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 Other Assets i.e., NARI Technology's Other Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Assets
Total Assets
Total assets refers to the total amount of NARI Technology 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 NARI Technology 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 NARI Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NARI Technology 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 NARI Technology Co. 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 25, 2024,
Selling General Administrative is expected to decline to about 951.4
M. In addition to that,
Tax Provision is expected to decline to about 743.5
MNARI Technology fundamental ratios Correlations
Click cells to compare fundamentals
NARI Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NARI Technology fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in NARI Stock
Balance Sheet is a snapshot of the
financial position of NARI Technology at a specified time, usually calculated after every quarter, six months, or one year. NARI Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NARI Technology 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 NARI currently owns. An asset can also be divided into two categories, current and non-current.