Xinya Property Plant And Equipment Net vs Short Term Investments Analysis
605277 Stock | 15.00 0.17 1.12% |
Xinya Electronic financial indicator trend analysis is more than just analyzing Xinya Electronic current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinya Electronic is a good investment. Please check the relationship between Xinya Electronic Property Plant And Equipment Net and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinya Electronic 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.
Property Plant And Equipment Net vs Short Term Investments
Property Plant And Equipment Net vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xinya Electronic Property Plant And Equipment Net account and Short Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Xinya Electronic's Property Plant And Equipment Net and Short Term Investments is -0.6. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Xinya Electronic Co, assuming nothing else is changed. The correlation between historical values of Xinya Electronic's Property Plant And Equipment Net and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Xinya Electronic Co are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Property Plant And Equipment Net i.e., Xinya Electronic's Property Plant And Equipment Net and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.6 |
Relationship Direction | Negative |
Relationship Strength | Weak |
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.Short Term Investments
Short Term Investments is an item under the current assets section of Xinya Electronic balance sheet. It contains any investments Xinya Electronic Co undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Xinya Electronic can easily liquidate in the marketplace.Most indicators from Xinya Electronic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinya Electronic 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 Xinya Electronic 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. The current year's Tax Provision is expected to grow to about 28 M, whereas Selling General Administrative is forecasted to decline to about 75.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 110.8K | 7.0M | 24.7M | 25.9M | Interest Income | 1.7M | 3.3M | 2.4M | 1.7M |
Xinya Electronic fundamental ratios Correlations
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Xinya Electronic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
Other Information on Investing in Xinya Stock
Balance Sheet is a snapshot of the financial position of Xinya Electronic at a specified time, usually calculated after every quarter, six months, or one year. Xinya Electronic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xinya Electronic 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 Xinya currently owns. An asset can also be divided into two categories, current and non-current.