| 600609 Stock | | | 6.62 0.08 1.19% |
Shenyang Jinbei financial indicator trend analysis is much more than just breaking down Shenyang Jinbei Auto prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenyang Jinbei Auto is a good investment. Please check the relationship between Shenyang Jinbei Net Income and its Reconciled Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenyang Jinbei Automotive. 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.
Net Income vs Reconciled Depreciation
Net Income vs Reconciled Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenyang Jinbei Auto Net Income account and
Reconciled Depreciation. At this time, the significance of the direction appears to have no relationship.
The correlation between Shenyang Jinbei's Net Income and Reconciled Depreciation is 0.04. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Shenyang Jinbei Automotive, assuming nothing else is changed. The correlation between historical values of Shenyang Jinbei's Net Income and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Shenyang Jinbei Automotive are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Net Income i.e., Shenyang Jinbei's Net Income and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | 0.04 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Shenyang Jinbei Auto financial statement analysis. It represents the amount of money remaining after all of Shenyang Jinbei Automotive operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Reconciled Depreciation
Most indicators from Shenyang Jinbei's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenyang Jinbei Auto 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 Shenyang Jinbei Automotive. 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 February 1, 2025,
Selling General Administrative is expected to decline to about 72.9
M. In addition to that,
Tax Provision is expected to decline to about 15.7
MShenyang Jinbei fundamental ratios Correlations
Click cells to compare fundamentals
Shenyang Jinbei Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenyang Jinbei fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Shenyang Stock
Balance Sheet is a snapshot of the
financial position of Shenyang Jinbei Auto at a specified time, usually calculated after every quarter, six months, or one year. Shenyang Jinbei Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenyang Jinbei 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 Shenyang currently owns. An asset can also be divided into two categories, current and non-current.