| 600608 Stock | | | 4.10 0.09 2.24% |
Shanghai Broadband financial indicator trend analysis is much more than just breaking down Shanghai Broadband prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Broadband is a good investment. Please check the relationship between Shanghai Broadband Total Current Assets and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Broadband Technology. 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.
Total Current Assets vs Total Revenue
Total Current Assets vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Broadband Total Current Assets account and
Total Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Shanghai Broadband's Total Current Assets and Total Revenue is -0.16. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Shanghai Broadband Technology, assuming nothing else is changed. The correlation between historical values of Shanghai Broadband's Total Current Assets and Total Revenue 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 Assets of Shanghai Broadband Technology are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Current Assets i.e., Shanghai Broadband's Total Current Assets and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.16 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Total Revenue
Total revenue comprises all receipts Shanghai Broadband generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Shanghai Broadband's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Broadband 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 Shanghai Broadband Technology. 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 30, 2024,
Selling General Administrative is expected to decline to about 5.2
M. In addition to that,
Tax Provision is expected to decline to about 221.5
KShanghai Broadband fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Broadband Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Broadband fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the
financial position of Shanghai Broadband at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Broadband Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Broadband 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.