688722 Stock | | | 14.23 0.42 2.87% |
Beijing Tongyizhong financial indicator trend analysis is way more than just evaluating Beijing Tongyizhong New prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Tongyizhong New is a good investment. Please check the relationship between Beijing Tongyizhong Cash and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing Tongyizhong New. 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.
Cash vs Retained Earnings
Cash vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Beijing Tongyizhong New Cash account and
Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between Beijing Tongyizhong's Cash and Retained Earnings is 0.75. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Beijing Tongyizhong New, assuming nothing else is changed. The correlation between historical values of Beijing Tongyizhong's Cash 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 Cash of Beijing Tongyizhong New 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 Cash i.e., Beijing Tongyizhong's Cash and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Beijing Tongyizhong New, which is listed under current asset account on Beijing Tongyizhong New balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Beijing Tongyizhong customers. The amounts must be unrestricted with restricted cash listed in a different Beijing Tongyizhong account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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 Beijing Tongyizhong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Tongyizhong New 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 Beijing Tongyizhong New. 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 23.1
M, whereas
Tax Provision is forecasted to decline to about 14.6
M.
Beijing Tongyizhong fundamental ratios Correlations
Click cells to compare fundamentals
Beijing Tongyizhong Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beijing Tongyizhong fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Beijing Stock
Balance Sheet is a snapshot of the
financial position of Beijing Tongyizhong New at a specified time, usually calculated after every quarter, six months, or one year. Beijing Tongyizhong Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing Tongyizhong 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 Beijing currently owns. An asset can also be divided into two categories, current and non-current.