Nanjing Total Assets vs Total Revenue Analysis
688273 Stock | 25.20 0.33 1.33% |
Nanjing Medlander financial indicator trend analysis is infinitely more than just investigating Nanjing Medlander Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nanjing Medlander Medical is a good investment. Please check the relationship between Nanjing Medlander Total Assets and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nanjing Medlander Medical. 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 Total Revenue
Total Assets vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nanjing Medlander Medical Total Assets account and Total Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nanjing Medlander's Total Assets and Total Revenue is 0.71. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Nanjing Medlander Medical, assuming nothing else is changed. The correlation between historical values of Nanjing Medlander's Total Assets and Total Revenue 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 Nanjing Medlander Medical are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Assets i.e., Nanjing Medlander's Total Assets and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Nanjing Medlander 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 Nanjing Medlander Medical 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.Total Revenue
Total revenue comprises all receipts Nanjing Medlander Medical generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from Nanjing Medlander's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nanjing Medlander Medical 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 Nanjing Medlander Medical. 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 10.4 M, whereas Selling General Administrative is forecasted to decline to about 98.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 152.7K | 300.9K | 380.9K | 255.7K | Interest Income | 780.5K | 9.3M | 14.9M | 15.6M |
Nanjing Medlander fundamental ratios Correlations
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Nanjing Medlander Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
Other Information on Investing in Nanjing Stock
Balance Sheet is a snapshot of the financial position of Nanjing Medlander Medical at a specified time, usually calculated after every quarter, six months, or one year. Nanjing Medlander Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nanjing Medlander 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 Nanjing currently owns. An asset can also be divided into two categories, current and non-current.