Shandong Total Assets vs Cash Analysis
| 603182 Stock | 12.53 0.07 0.56% |
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 Total Assets and its Cash 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.
Total Assets vs Cash
Total Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Sinoglory Health Total Assets account and Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shandong Sinoglory's Total Assets and Cash is 0.93. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash 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 Total Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Shandong Sinoglory Health are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Assets i.e., Shandong Sinoglory's Total Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Shandong Sinoglory assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Shandong Sinoglory Health books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Cash
Cash refers to the most liquid asset of Shandong Sinoglory Health, which is listed under current asset account on Shandong Sinoglory Health balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shandong Sinoglory customers. The amounts must be unrestricted with restricted cash listed in a different Shandong Sinoglory account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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 30, 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 Expense | 4.0M | 3.2M | 1.6M | 2.3M | Interest Income | 981.8K | 2.8M | 7.1M | 7.5M |
Shandong Sinoglory fundamental ratios Correlations
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Shandong Sinoglory Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
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.