PT Stock | | | USD 1.00 0.04 4.17% |
Pintec Technology financial indicator trend analysis is much more than just breaking down Pintec Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pintec Technology is a good investment. Please check the relationship between Pintec Technology Current Deferred Revenue and its Total Current Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pintec Technology Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Current Deferred Revenue vs Total Current Assets
Current Deferred Revenue vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Pintec Technology Current Deferred Revenue account and
Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Pintec Technology's Current Deferred Revenue and Total Current Assets is -0.23. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Pintec Technology Holdings, assuming nothing else is changed. The correlation between historical values of Pintec Technology's Current Deferred Revenue 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 Current Deferred Revenue of Pintec Technology Holdings 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 Current Deferred Revenue i.e., Pintec Technology's Current Deferred Revenue and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.23 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
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 Pintec Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pintec Technology 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pintec Technology Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Sales General And Administrative To Revenue is likely to gain to 0.64 in 2024, despite the fact that
Tax Provision is likely to grow to (13.2
M).
Pintec Technology fundamental ratios Correlations
Click cells to compare fundamentals
Pintec Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pintec Technology fundamental ratios Accounts
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Additional Tools for Pintec Stock Analysis
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measure Pintec Technology'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 Pintec Technology is operating at the current time. Most of Pintec Technology's value examination focuses on studying past and present price action to
predict the probability of Pintec Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pintec Technology's price. Additionally, you may evaluate how the addition of Pintec Technology to your portfolios can decrease your overall portfolio volatility.