601799 Stock | | | 136.41 1.81 1.34% |
Changzhou Xingyu financial indicator trend analysis is way more than just evaluating Changzhou Xingyu Aut prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changzhou Xingyu Aut is a good investment. Please check the relationship between Changzhou Xingyu Change To Account Receivables and its Other Non Cash Items accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Changzhou Xingyu Automotive. 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 overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Changzhou Xingyu Aut Change To Account Receivables account and
Other Non Cash Items. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Changzhou Xingyu's Change To Account Receivables and Other Non Cash Items is -0.52. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Changzhou Xingyu Automotive, assuming nothing else is changed. The correlation between historical values of Changzhou Xingyu's Change To Account Receivables and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Changzhou Xingyu Automotive are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Change To Account Receivables i.e., Changzhou Xingyu's Change To Account Receivables and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | -0.52 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Most indicators from Changzhou Xingyu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changzhou Xingyu Aut 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 Changzhou Xingyu Automotive. 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
Tax Provision is expected to grow to about 130.5
M, whereas
Selling General Administrative is forecasted to decline to about 171.3
M.
Balance Sheet is a snapshot of the
financial position of Changzhou Xingyu Aut at a specified time, usually calculated after every quarter, six months, or one year. Changzhou Xingyu Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Changzhou Xingyu 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 Changzhou currently owns. An asset can also be divided into two categories, current and non-current.