Wing Total Current Assets vs Total Liab Analysis
| WYHG Stock | 7.65 0.49 6.02% |
Wing Yip financial indicator trend analysis is more than just analyzing Wing Yip Food current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wing Yip Food is a good investment. Please check the relationship between Wing Yip Total Current Assets and its Total Liab accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wing Yip Food. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
Total Current Assets vs Total Liab
Total Current Assets vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wing Yip Food Total Current Assets account and Total Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Wing Yip's Total Current Assets and Total Liab is 0.97. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Liab in the same time period over historical financial statements of Wing Yip Food, assuming nothing else is changed. The correlation between historical values of Wing Yip's Total Current Assets and Total 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 Total Current Assets of Wing Yip Food are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Total Current Assets i.e., Wing Yip's Total Current Assets and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
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.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Wing Yip's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wing Yip Food 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wing Yip Food. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. The current Tax Provision is estimated to decrease to about 4.3 B. The current Selling General Administrative is estimated to decrease to about 19.9 B
| 2022 | 2023 | 2024 | 2025 (projected) | Interest Expense | 107.7M | 1.3B | 1.5B | 1.6B | Interest Income | 315.1M | 233.2M | 209.9M | 220.7M |
Wing Yip fundamental ratios Correlations
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Wing Yip Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wing Yip Food. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Food Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wing Yip. If investors know Wing will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wing Yip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Wing Yip Food is measured differently than its book value, which is the value of Wing that is recorded on the company's balance sheet. Investors also form their own opinion of Wing Yip's value that differs from its market value or its book value, called intrinsic value, which is Wing Yip's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wing Yip's market value can be influenced by many factors that don't directly affect Wing Yip's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wing Yip's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wing Yip is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wing Yip's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.