| 603633 Stock | | | 8.24 0.05 0.61% |
Shanghai Laimu financial indicator trend analysis is much more than just breaking down Shanghai Laimu Elect prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Laimu Elect is a good investment. Please check the relationship between Shanghai Laimu Total Current Liabilities and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Laimu Electronics. 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 Current Liabilities vs Total Current Assets
Total Current Liabilities vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Laimu Elect Total Current Liabilities account and
Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Shanghai Laimu's Total Current Liabilities and Total Current Assets is 0.88. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Shanghai Laimu Electronics, assuming nothing else is changed. The correlation between historical values of Shanghai Laimu's Total Current Liabilities and Total Current 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 Total Current Liabilities of Shanghai Laimu Electronics are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Current Liabilities i.e., Shanghai Laimu's Total Current Liabilities and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.88 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on Shanghai Laimu balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Shanghai Laimu Electronics are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Shanghai Laimu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Laimu Elect 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 Shanghai Laimu Electronics. 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 26
M. The current year's
Tax Provision is expected to grow to about 4.3
MShanghai Laimu fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Laimu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Laimu fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the
financial position of Shanghai Laimu Elect at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Laimu Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Laimu 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.