600729 Stock | | | 29.47 1.75 6.31% |
Chongqing Department financial indicator trend analysis is way more than just evaluating Chongqing Department prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Department is a good investment. Please check the relationship between Chongqing Department Total Current Assets and its Property Plant Equipment accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Department Store. 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 Assets vs Property Plant Equipment
Total Current Assets vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chongqing Department Total Current Assets account and
Property Plant Equipment. At this time, the significance of the direction appears to have pay attention.
The correlation between Chongqing Department's Total Current Assets and Property Plant Equipment is -0.78. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Chongqing Department Store, assuming nothing else is changed. The correlation between historical values of Chongqing Department's Total Current Assets and Property Plant Equipment 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 Chongqing Department Store are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Current Assets i.e., Chongqing Department's Total Current Assets and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | -0.78 |
Relationship Direction | Negative |
Relationship Strength | Weak |
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.
Property Plant Equipment
Most indicators from Chongqing Department's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Department 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 Chongqing Department Store. 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 December 3, 2024,
Selling General Administrative is expected to decline to about 2.4
B. In addition to that,
Tax Provision is expected to decline to about 99.6
MChongqing Department fundamental ratios Correlations
Click cells to compare fundamentals
Chongqing Department Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chongqing Department fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Chongqing Stock
Balance Sheet is a snapshot of the
financial position of Chongqing Department at a specified time, usually calculated after every quarter, six months, or one year. Chongqing Department Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing Department 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 Chongqing currently owns. An asset can also be divided into two categories, current and non-current.