VeriSilicon Total Current Assets vs Retained Earnings Analysis
688521 Stock | 51.93 2.57 5.21% |
VeriSilicon Microelectronics financial indicator trend analysis is much more than just breaking down VeriSilicon Microelectronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether VeriSilicon Microelectronics is a good investment. Please check the relationship between VeriSilicon Microelectronics Total Current Assets and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in VeriSilicon Microelectronics Shanghai. 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 Assets vs Retained Earnings
Total Current Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of VeriSilicon Microelectronics Total Current Assets account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between VeriSilicon Microelectronics' Total Current Assets and Retained Earnings is -0.47. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of VeriSilicon Microelectronics Shanghai, assuming nothing else is changed. The correlation between historical values of VeriSilicon Microelectronics' Total Current Assets and Retained Earnings 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 Assets of VeriSilicon Microelectronics Shanghai are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Assets i.e., VeriSilicon Microelectronics' Total Current Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.47 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
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.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from VeriSilicon Microelectronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into VeriSilicon Microelectronics 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 VeriSilicon Microelectronics Shanghai. 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 157.8 M, whereas Tax Provision is forecasted to decline to about 20.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.5M | 11.4M | 23.2M | 24.3M | Interest Income | 12.8M | 12.9M | 11.9M | 8.9M |
VeriSilicon Microelectronics fundamental ratios Correlations
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VeriSilicon Microelectronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
Other Information on Investing in VeriSilicon Stock
Balance Sheet is a snapshot of the financial position of VeriSilicon Microelectronics at a specified time, usually calculated after every quarter, six months, or one year. VeriSilicon Microelectronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of VeriSilicon Microelectronics 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 VeriSilicon currently owns. An asset can also be divided into two categories, current and non-current.