Anhui Retained Earnings vs Other Current Liab Analysis

688639 Stock   32.61  0.34  1.03%   
Anhui Huaheng financial indicator trend analysis is way more than just evaluating Anhui Huaheng Biotec prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anhui Huaheng Biotec is a good investment. Please check the relationship between Anhui Huaheng Retained Earnings and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anhui Huaheng Biotechnology. 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.

Retained Earnings vs Other Current Liab

Retained Earnings vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Anhui Huaheng Biotec Retained Earnings account and Other Current Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Anhui Huaheng's Retained Earnings and Other Current Liab is 0.76. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Anhui Huaheng Biotechnology, assuming nothing else is changed. The correlation between historical values of Anhui Huaheng's Retained Earnings and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Anhui Huaheng Biotechnology are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Retained Earnings i.e., Anhui Huaheng's Retained Earnings and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Other Current Liab

Most indicators from Anhui Huaheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anhui Huaheng Biotec 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 Anhui Huaheng Biotechnology. 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 December 29, 2024, Tax Provision is expected to decline to about 31.7 M. In addition to that, Selling General Administrative is expected to decline to about 92.5 M
 2021 2022 2023 2024 (projected)
Interest Expense1.1M540.2K10.6M11.2M
Interest Income2.0M2.4M3.0M1.8M

Anhui Huaheng fundamental ratios Correlations

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-0.89-0.95-0.94-0.57-0.61-0.61-0.93-0.92-0.93-0.48-0.52-0.5-0.93-0.61-0.94-0.94-0.89-0.95-0.54-0.670.77-0.6-0.94-0.670.7
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Anhui Huaheng Account Relationship Matchups

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Other Information on Investing in Anhui Stock

Balance Sheet is a snapshot of the financial position of Anhui Huaheng Biotec at a specified time, usually calculated after every quarter, six months, or one year. Anhui Huaheng Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Anhui Huaheng 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 Anhui currently owns. An asset can also be divided into two categories, current and non-current.