Shandong Other Current Assets vs Property Plant And Equipment Net Analysis

603182 Stock   12.36  0.05  0.40%   
Shandong Sinoglory financial indicator trend analysis is much more than just breaking down Shandong Sinoglory Health prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Sinoglory Health is a good investment. Please check the relationship between Shandong Sinoglory Other Current Assets and its Property Plant And Equipment Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Sinoglory Health. 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.

Other Current Assets vs Property Plant And Equipment Net

Other Current Assets vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Sinoglory Health Other Current Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shandong Sinoglory's Other Current Assets and Property Plant And Equipment Net is 0.97. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Shandong Sinoglory Health, assuming nothing else is changed. The correlation between historical values of Shandong Sinoglory's Other Current Assets and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Shandong Sinoglory Health are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Other Current Assets i.e., Shandong Sinoglory's Other Current Assets and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Shandong Sinoglory's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Sinoglory Health 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 Shandong Sinoglory Health. 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 28, 2024, Tax Provision is expected to decline to about 32.5 M. In addition to that, Selling General Administrative is expected to decline to about 19.9 M
 2021 2022 2023 2024 (projected)
Interest Expense4.0M3.2M1.6M2.3M
Interest Income981.8K2.8M7.1M7.5M

Shandong Sinoglory fundamental ratios Correlations

-0.440.780.570.610.740.60.790.70.680.66-0.660.740.70.84-0.650.830.730.230.750.70.780.70.730.68
-0.44-0.88-0.88-0.05-0.92-0.67-0.86-0.27-0.89-0.790.92-0.78-0.93-0.660.87-0.76-0.740.41-0.92-0.78-0.87-0.93-0.91-0.92
0.78-0.880.850.470.990.781.00.640.930.87-0.950.910.970.91-0.930.970.89-0.090.990.90.990.970.980.96
0.57-0.880.850.190.870.910.850.170.70.95-0.820.920.950.66-0.760.740.91-0.230.880.940.790.950.810.95
0.61-0.050.470.190.360.490.510.840.230.45-0.260.540.310.71-0.30.650.580.680.380.510.450.310.330.31
0.74-0.920.990.870.360.750.980.560.950.86-0.970.890.980.87-0.940.940.86-0.181.00.880.990.980.990.97
0.6-0.670.780.910.490.750.80.290.510.98-0.690.950.840.68-0.660.740.970.020.780.970.70.840.660.86
0.79-0.861.00.850.510.980.80.650.910.89-0.930.930.970.92-0.920.980.92-0.040.990.920.990.970.970.95
0.7-0.270.640.170.840.560.290.650.590.36-0.50.490.430.83-0.540.790.490.450.560.430.680.430.590.41
0.68-0.890.930.70.230.950.510.910.590.66-0.950.710.880.79-0.940.870.67-0.280.940.690.960.880.980.87
0.66-0.790.870.950.450.860.980.890.360.66-0.810.980.930.75-0.780.820.99-0.070.881.00.810.930.790.94
-0.660.92-0.95-0.82-0.26-0.97-0.69-0.93-0.5-0.95-0.81-0.8-0.94-0.750.99-0.87-0.790.38-0.96-0.83-0.95-0.94-0.97-0.95
0.74-0.780.910.920.540.890.950.930.490.710.98-0.80.940.86-0.770.890.990.090.910.990.860.940.830.93
0.7-0.930.970.950.310.980.840.970.430.880.93-0.940.940.81-0.910.890.91-0.210.990.940.941.00.950.99
0.84-0.660.910.660.710.870.680.920.830.790.75-0.750.860.81-0.730.970.830.330.870.790.910.810.860.77
-0.650.87-0.93-0.76-0.3-0.94-0.66-0.92-0.54-0.94-0.780.99-0.77-0.91-0.73-0.87-0.760.38-0.94-0.8-0.93-0.91-0.94-0.93
0.83-0.760.970.740.650.940.740.980.790.870.82-0.870.890.890.97-0.870.880.120.940.860.970.890.930.88
0.73-0.740.890.910.580.860.970.920.490.670.99-0.790.990.910.83-0.760.880.080.880.990.840.910.80.92
0.230.41-0.09-0.230.68-0.180.02-0.040.45-0.28-0.070.380.09-0.210.330.380.120.08-0.16-0.02-0.09-0.21-0.2-0.26
0.75-0.920.990.880.381.00.780.990.560.940.88-0.960.910.990.87-0.940.940.88-0.160.90.990.990.990.98
0.7-0.780.90.940.510.880.970.920.430.691.0-0.830.990.940.79-0.80.860.99-0.020.90.840.940.810.94
0.78-0.870.990.790.450.990.70.990.680.960.81-0.950.860.940.91-0.930.970.84-0.090.990.840.940.990.93
0.7-0.930.970.950.310.980.840.970.430.880.93-0.940.941.00.81-0.910.890.91-0.210.990.940.940.950.99
0.73-0.910.980.810.330.990.660.970.590.980.79-0.970.830.950.86-0.940.930.8-0.20.990.810.990.950.93
0.68-0.920.960.950.310.970.860.950.410.870.94-0.950.930.990.77-0.930.880.92-0.260.980.940.930.990.93
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Shandong Sinoglory Account Relationship Matchups

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Other Information on Investing in Shandong Stock

Balance Sheet is a snapshot of the financial position of Shandong Sinoglory Health at a specified time, usually calculated after every quarter, six months, or one year. Shandong Sinoglory Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shandong Sinoglory 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 Shandong currently owns. An asset can also be divided into two categories, current and non-current.