601933 Stock | | | 4.53 0.05 1.12% |
Yonghui Superstores financial indicator trend analysis is more than just analyzing Yonghui Superstores current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yonghui Superstores is a good investment. Please check the relationship between Yonghui Superstores Long Term Investments and its Deferred Long Term Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Yonghui Superstores Co. 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.
Long Term Investments vs Deferred Long Term Liab
Long Term Investments vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Yonghui Superstores Long Term Investments account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Yonghui Superstores' Long Term Investments and Deferred Long Term Liab is 0.96. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Yonghui Superstores Co, assuming nothing else is changed. The correlation between historical values of Yonghui Superstores' Long Term Investments 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 Long Term Investments of Yonghui Superstores Co 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 Long Term Investments i.e., Yonghui Superstores' Long Term Investments and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Long Term Investments
Long Term Investments is an item on the asset side of Yonghui Superstores balance sheet that represents investments Yonghui Superstores intends to hold for over a year. Yonghui Superstores Co long term investments may include different instruments such as stocks, bonds, real estate and cash.
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Yonghui Superstores' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yonghui Superstores 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 Yonghui Superstores Co. 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 8.1
B. The current year's
Tax Provision is expected to grow to about 164.5
MYonghui Superstores fundamental ratios Correlations
Click cells to compare fundamentals
Yonghui Superstores Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Yonghui Superstores fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Yonghui Stock
Balance Sheet is a snapshot of the
financial position of Yonghui Superstores at a specified time, usually calculated after every quarter, six months, or one year. Yonghui Superstores Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Yonghui Superstores 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 Yonghui currently owns. An asset can also be divided into two categories, current and non-current.