601007 Stock | | | 7.27 0.25 3.56% |
Jinling Hotel financial indicator trend analysis is infinitely more than just investigating Jinling Hotel Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jinling Hotel Corp is a good investment. Please check the relationship between Jinling Hotel Short Term Investments and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Jinling Hotel Corp. 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.
Short Term Investments vs Total Current Assets
Short Term Investments vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jinling Hotel Corp Short Term Investments account and
Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Jinling Hotel's Short Term Investments and Total Current Assets is 0.81. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Jinling Hotel Corp, assuming nothing else is changed. The correlation between historical values of Jinling Hotel's Short Term Investments and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Jinling Hotel Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Short Term Investments i.e., Jinling Hotel's Short Term Investments and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Short Term Investments
Short Term Investments is an item under the current assets section of Jinling Hotel balance sheet. It contains any investments Jinling Hotel Corp undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Jinling Hotel Corp can easily liquidate in the marketplace.
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.
Most indicators from Jinling Hotel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jinling Hotel Corp 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 Jinling Hotel Corp. 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 205.3
M, whereas
Tax Provision is forecasted to decline to about 41.1
M.
Jinling Hotel fundamental ratios Correlations
Click cells to compare fundamentals
Jinling Hotel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jinling Hotel fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Jinling Stock
Balance Sheet is a snapshot of the
financial position of Jinling Hotel Corp at a specified time, usually calculated after every quarter, six months, or one year. Jinling Hotel Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jinling Hotel 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 Jinling currently owns. An asset can also be divided into two categories, current and non-current.