| BEDU Stock | | | USD 1.83 0.03 1.61% |
Bright Scholar financial indicator trend analysis is way more than just evaluating Bright Scholar Education prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bright Scholar Education is a good investment. Please check the relationship between Bright Scholar Total Assets and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bright Scholar Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Total Assets vs Total Current Assets
Total Assets vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bright Scholar Education Total Assets account and
Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Bright Scholar's Total Assets and Total Current Assets is 0.87. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Bright Scholar Education, assuming nothing else is changed. The correlation between historical values of Bright Scholar's Total Assets and Total Current Assets 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 Bright Scholar Education are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Assets i.e., Bright Scholar's Total Assets and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.87 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of Bright Scholar 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 Bright Scholar Education 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 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.
Most indicators from Bright Scholar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bright Scholar Education 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 Bright Scholar Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Tax Provision is likely to gain to about 224.5
M in 2024, whereas
Discontinued Operations is likely to drop slightly above 252.1
M in 2024.
Bright Scholar fundamental ratios Correlations
Click cells to compare fundamentals
Bright Scholar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bright Scholar fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Bright Stock Analysis
When running Bright Scholar's price analysis, check to
measure Bright Scholar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bright Scholar is operating at the current time. Most of Bright Scholar's value examination focuses on studying past and present price action to
predict the probability of Bright Scholar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bright Scholar's price. Additionally, you may evaluate how the addition of Bright Scholar to your portfolios can decrease your overall portfolio volatility.