601336 Stock | | | 47.01 3.12 6.22% |
New China financial indicator trend analysis is infinitely more than just investigating New China Life recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New China Life is a good investment. Please check the relationship between New China End Period Cash Flow and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in New China Life. 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.
End Period Cash Flow vs Depreciation
End Period Cash Flow vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
New China Life End Period Cash Flow account and
Depreciation. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between New China's End Period Cash Flow and Depreciation is 0.54. Overlapping area represents the amount of variation of End Period Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of New China Life, assuming nothing else is changed. The correlation between historical values of New China's End Period Cash Flow and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which End Period Cash Flow of New China Life are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of End Period Cash Flow i.e., New China's End Period Cash Flow and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
End Period Cash Flow
Depreciation
Depreciation indicates how much of New China Life value has been used up. For tax purposes New China can deduct the cost of the tangible assets it purchases as business expenses. However, New China Life must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from New China's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New China Life 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 New China Life. 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 24, 2024,
Selling General Administrative is expected to decline to about 2.3
B. The current year's
Tax Provision is expected to grow to about (3
B)
New China fundamental ratios Correlations
Click cells to compare fundamentals
New China Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New China fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in New Stock
Balance Sheet is a snapshot of the
financial position of New China Life at a specified time, usually calculated after every quarter, six months, or one year. New China Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of New China 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 New currently owns. An asset can also be divided into two categories, current and non-current.