600988 Stock | | | 16.84 0.27 1.58% |
Chifeng Jilong financial indicator trend analysis is way more than just evaluating Chifeng Jilong Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chifeng Jilong Gold is a good investment. Please check the relationship between Chifeng Jilong Retained Earnings and its Deferred Long Term Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chifeng Jilong Gold. 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.
Retained Earnings vs Deferred Long Term Liab
Retained Earnings vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chifeng Jilong Gold Retained Earnings account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have pay attention.
The correlation between Chifeng Jilong's Retained Earnings and Deferred Long Term Liab is -0.86. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Chifeng Jilong Gold, assuming nothing else is changed. The correlation between historical values of Chifeng Jilong's Retained Earnings and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Chifeng Jilong Gold are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Retained Earnings i.e., Chifeng Jilong's Retained Earnings and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | -0.86 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Chifeng Jilong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chifeng Jilong Gold 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 Chifeng Jilong Gold. 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 29, 2024,
Selling General Administrative is expected to decline to about 89.5
M. In addition to that,
Tax Provision is expected to decline to about 173.1
MChifeng Jilong fundamental ratios Correlations
Click cells to compare fundamentals
Chifeng Jilong Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chifeng Jilong fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Chifeng Stock
Balance Sheet is a snapshot of the
financial position of Chifeng Jilong Gold at a specified time, usually calculated after every quarter, six months, or one year. Chifeng Jilong Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chifeng Jilong 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 Chifeng currently owns. An asset can also be divided into two categories, current and non-current.