603180 Stock | | | 20.20 0.24 1.20% |
Xiamen Goldenhome financial indicator trend analysis is more than just analyzing Xiamen Goldenhome current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen Goldenhome is a good investment. Please check the relationship between Xiamen Goldenhome Short Term Debt and its Other Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen Goldenhome 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 overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xiamen Goldenhome Short Term Debt account and
Other Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Xiamen Goldenhome's Short Term Debt and Other Assets is 0.71. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Other Assets in the same time period over historical financial statements of Xiamen Goldenhome Co, assuming nothing else is changed. The correlation between historical values of Xiamen Goldenhome's Short Term Debt and Other 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 Debt of Xiamen Goldenhome Co are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Short Term Debt i.e., Xiamen Goldenhome's Short Term Debt and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Most indicators from Xiamen Goldenhome's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen Goldenhome 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 Xiamen Goldenhome 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
Tax Provision is expected to grow to about 20.2
M, whereas
Selling General Administrative is forecasted to decline to about 355.6
M.
Balance Sheet is a snapshot of the
financial position of Xiamen Goldenhome at a specified time, usually calculated after every quarter, six months, or one year. Xiamen Goldenhome Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xiamen Goldenhome 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 Xiamen currently owns. An asset can also be divided into two categories, current and non-current.