600491 Stock | | | 3.98 0.16 3.86% |
Long Yuan financial indicator trend analysis is infinitely more than just investigating Long Yuan Construction recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Long Yuan Construction is a good investment. Please check the relationship between Long Yuan Total Current Liabilities and its Net Receivables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Long Yuan Construction. 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 Current Liabilities vs Net Receivables
Total Current Liabilities vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Long Yuan Construction Total Current Liabilities account and
Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Long Yuan's Total Current Liabilities and Net Receivables is 0.42. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Long Yuan Construction, assuming nothing else is changed. The correlation between historical values of Long Yuan's Total Current Liabilities and Net Receivables 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 Current Liabilities of Long Yuan Construction are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Current Liabilities i.e., Long Yuan's Total Current Liabilities and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Long Yuan balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Long Yuan Construction are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Net Receivables
Most indicators from Long Yuan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Long Yuan Construction 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 Long Yuan Construction. 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.
As of November 23, 2024,
Selling General Administrative is expected to decline to about 120.9
M. The current year's
Tax Provision is expected to grow to about (83.8
M)
Long Yuan fundamental ratios Correlations
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Long Yuan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Long Yuan fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Long Stock
Balance Sheet is a snapshot of the
financial position of Long Yuan Construction at a specified time, usually calculated after every quarter, six months, or one year. Long Yuan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Long Yuan 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 Long currently owns. An asset can also be divided into two categories, current and non-current.