601127 Stock | | | 133.72 0.78 0.58% |
Chongqing Sokon financial indicator trend analysis is way more than just evaluating Chongqing Sokon Ind prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Sokon Ind is a good investment. Please check the relationship between Chongqing Sokon Total Assets and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Sokon Ind. 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 Assets vs Total Stockholder Equity
Total Assets vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chongqing Sokon Ind Total Assets account and
Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Chongqing Sokon's Total Assets and Total Stockholder Equity is 0.89. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Chongqing Sokon Ind, assuming nothing else is changed. The correlation between historical values of Chongqing Sokon's Total Assets and Total Stockholder Equity 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 Assets of Chongqing Sokon Ind are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Assets i.e., Chongqing Sokon's Total Assets and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of Chongqing Sokon assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Chongqing Sokon Ind books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Chongqing Sokon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Sokon Ind 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 Sokon Ind. 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.
The current year's
Selling General Administrative is expected to grow to about 6.3
B. The current year's
Tax Provision is expected to grow to about 134.3
MChongqing Sokon fundamental ratios Correlations
Click cells to compare fundamentals
Chongqing Sokon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chongqing Sokon 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 Sokon Ind at a specified time, usually calculated after every quarter, six months, or one year. Chongqing Sokon Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing Sokon 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.