603696 Stock | | | 8.07 0.37 4.81% |
Anji Foodstuff financial indicator trend analysis is way more than just evaluating Anji Foodstuff prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anji Foodstuff is a good investment. Please check the relationship between Anji Foodstuff Total Assets and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Anji Foodstuff 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.
Total Assets vs Inventory
Total Assets vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Anji Foodstuff Total Assets account and
Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Anji Foodstuff's Total Assets and Inventory is -0.06. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of Anji Foodstuff Co, assuming nothing else is changed. The correlation between historical values of Anji Foodstuff's Total Assets and Inventory 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 Anji Foodstuff Co are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Assets i.e., Anji Foodstuff's Total Assets and Inventory go up and down completely randomly.
Correlation Coefficient | -0.06 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Assets
Total assets refers to the total amount of Anji Foodstuff 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 Anji Foodstuff 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.
Inventory
Most indicators from Anji Foodstuff's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anji Foodstuff 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 Anji Foodstuff 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.
As of November 26, 2024,
Selling General Administrative is expected to decline to about 31.1
M. In addition to that,
Tax Provision is expected to decline to about 5.5
MAnji Foodstuff fundamental ratios Correlations
Click cells to compare fundamentals
Anji Foodstuff Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Anji Foodstuff fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Anji Stock
Balance Sheet is a snapshot of the
financial position of Anji Foodstuff at a specified time, usually calculated after every quarter, six months, or one year. Anji Foodstuff Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Anji Foodstuff 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 Anji currently owns. An asset can also be divided into two categories, current and non-current.