600456 Stock | | | 29.60 0.16 0.54% |
BaoJi Titanium financial indicator trend analysis is way more than just evaluating BaoJi Titanium Industry prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BaoJi Titanium Industry is a good investment. Please check the relationship between BaoJi Titanium Total Assets and its Non Current Assets Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BaoJi Titanium Industry. 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.
Total Assets vs Non Current Assets Total
Total Assets vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
BaoJi Titanium Industry Total Assets account and
Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between BaoJi Titanium's Total Assets and Non Current Assets Total is 0.71. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of BaoJi Titanium Industry, assuming nothing else is changed. The correlation between historical values of BaoJi Titanium's Total Assets and Non Current Assets Total 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 BaoJi Titanium Industry are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Assets i.e., BaoJi Titanium's Total Assets and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of BaoJi Titanium 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 BaoJi Titanium Industry 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.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from BaoJi Titanium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BaoJi Titanium Industry 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 BaoJi Titanium Industry. 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 140.9
M, whereas
Tax Provision is forecasted to decline to about 52.2
M.
BaoJi Titanium fundamental ratios Correlations
Click cells to compare fundamentals
BaoJi Titanium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BaoJi Titanium fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in BaoJi Stock
Balance Sheet is a snapshot of the
financial position of BaoJi Titanium Industry at a specified time, usually calculated after every quarter, six months, or one year. BaoJi Titanium Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of BaoJi Titanium 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 BaoJi currently owns. An asset can also be divided into two categories, current and non-current.