600711 Stock | | | 4.74 0.02 0.42% |
Chengtun Mining financial indicator trend analysis is way more than just evaluating Chengtun Mining Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chengtun Mining Group is a good investment. Please check the relationship between Chengtun Mining Selling General Administrative and its Net Receivables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chengtun Mining Group. 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chengtun Mining Group Selling General Administrative account and
Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Chengtun Mining's Selling General Administrative and Net Receivables is 0.83. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Chengtun Mining Group, assuming nothing else is changed. The correlation between historical values of Chengtun Mining's Selling General Administrative 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 Selling General Administrative of Chengtun Mining Group 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 Selling General Administrative i.e., Chengtun Mining's Selling General Administrative and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Most indicators from Chengtun Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chengtun Mining Group 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 Chengtun Mining Group. 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.
The current year's Selling General Administrative is expected to grow to about 305.3
M, whereas
Tax Provision is forecasted to decline to about 8
M.
Balance Sheet is a snapshot of the
financial position of Chengtun Mining Group at a specified time, usually calculated after every quarter, six months, or one year. Chengtun Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chengtun Mining 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 Chengtun currently owns. An asset can also be divided into two categories, current and non-current.