Mengtian Total Assets vs Property Plant And Equipment Net Analysis
| 603216 Stock | 10.28 0.35 3.29% |
Mengtian Home financial indicator trend analysis is infinitely more than just investigating Mengtian Home Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mengtian Home Group is a good investment. Please check the relationship between Mengtian Home Total 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 Mengtian Home Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Total Assets vs Property Plant And Equipment Net
Total 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 Mengtian Home Group Total Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Mengtian Home's Total Assets and Property Plant And Equipment Net is -0.62. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Mengtian Home Group, assuming nothing else is changed. The correlation between historical values of Mengtian Home's Total 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 Total Assets of Mengtian Home Group 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 Total Assets i.e., Mengtian Home's Total Assets and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | -0.62 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Mengtian Home 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 Mengtian Home Group 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.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 Mengtian Home's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mengtian Home Group 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 Mengtian Home Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. The current year's Tax Provision is expected to grow to about 17.9 M, whereas Selling General Administrative is forecasted to decline to about 114.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 484.7M | 443.6M | 370.3M | 357.9M | Total Revenue | 1.5B | 1.4B | 1.3B | 1.5B |
Mengtian Home fundamental ratios Correlations
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Mengtian Home Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Mengtian Stock
Balance Sheet is a snapshot of the financial position of Mengtian Home Group at a specified time, usually calculated after every quarter, six months, or one year. Mengtian Home Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mengtian Home 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 Mengtian currently owns. An asset can also be divided into two categories, current and non-current.