600444 Stock | | | 16.06 0.61 3.66% |
Sinomach General financial indicator trend analysis is much more than just breaking down Sinomach General Mac prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinomach General Mac is a good investment. Please check the relationship between Sinomach General Other Liab and its Non Current Liabilities Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinomach General Machinery. 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
Sinomach General Mac Other Liab account and
Non Current Liabilities Other. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sinomach General's Other Liab and Non Current Liabilities Other is 0.94. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Non Current Liabilities Other in the same time period over historical financial statements of Sinomach General Machinery, assuming nothing else is changed. The correlation between historical values of Sinomach General's Other Liab and Non Current Liabilities Other 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 Sinomach General Machinery are associated (or correlated) with its Non Current Liabilities Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Other has no effect on the direction of Other Liab i.e., Sinomach General's Other Liab and Non Current Liabilities Other go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Most indicators from Sinomach General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinomach General Mac 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 Sinomach General Machinery. 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 30.9
M, whereas
Tax Provision is forecasted to decline to about 6.6
M.
Balance Sheet is a snapshot of the
financial position of Sinomach General Mac at a specified time, usually calculated after every quarter, six months, or one year. Sinomach General Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sinomach General 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 Sinomach currently owns. An asset can also be divided into two categories, current and non-current.