| 688309 Stock | | | 14.30 0.14 0.99% |
Niutech Environment financial indicator trend analysis is infinitely more than just investigating Niutech Environment recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Niutech Environment is a good investment. Please check the relationship between Niutech Environment Property Plant Equipment and its Net Receivables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Niutech Environment Technology. 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 overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Niutech Environment Property Plant Equipment account and
Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Niutech Environment's Property Plant Equipment and Net Receivables is 0.59. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Niutech Environment Technology, assuming nothing else is changed. The correlation between historical values of Niutech Environment's Property Plant Equipment and Net Receivables 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 Equipment of Niutech Environment Technology are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Property Plant Equipment i.e., Niutech Environment's Property Plant Equipment and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.59 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Most indicators from Niutech Environment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Niutech Environment 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 Niutech Environment Technology. 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.
As of November 28, 2024,
Tax Provision is expected to decline to about 1.8
M. In addition to that,
Selling General Administrative is expected to decline to about 13.7
MBalance Sheet is a snapshot of the
financial position of Niutech Environment at a specified time, usually calculated after every quarter, six months, or one year. Niutech Environment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Niutech Environment 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 Niutech currently owns. An asset can also be divided into two categories, current and non-current.