600444 Stock | | | 16.20 0.17 1.06% |
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 Property Plant Equipment and its Selling General Administrative 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 Property Plant Equipment account and
Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sinomach General's Property Plant Equipment and Selling General Administrative is 0.67. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Selling General Administrative 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 Property Plant Equipment and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Sinomach General Machinery are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Property Plant Equipment i.e., Sinomach General's Property Plant Equipment and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.67 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.