XChange Short Term Investments vs Net Receivables Analysis
XHG Stock | 1.54 0.08 5.48% |
XChange TECINC financial indicator trend analysis is more than just analyzing XChange TECINC current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether XChange TECINC is a good investment. Please check the relationship between XChange TECINC Short Term Investments and its Net Receivables accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XChange TECINC. 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. For more detail on how to invest in XChange Stock please use our How to Invest in XChange TECINC guide.
Short Term Investments vs Net Receivables
Short Term Investments vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of XChange TECINC Short Term Investments account and Net Receivables. At this time, the significance of the direction appears to have very week relationship.
The correlation between XChange TECINC's Short Term Investments and Net Receivables is 0.27. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Receivables in the same time period over historical financial statements of XChange TECINC, assuming nothing else is changed. The correlation between historical values of XChange TECINC's Short Term Investments and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of XChange TECINC are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Short Term Investments i.e., XChange TECINC's Short Term Investments and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.27 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of XChange TECINC balance sheet. It contains any investments XChange TECINC undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that XChange TECINC can easily liquidate in the marketplace.Net Receivables
Most indicators from XChange TECINC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into XChange TECINC 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 XChange TECINC. 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. For more detail on how to invest in XChange Stock please use our How to Invest in XChange TECINC guide.The XChange TECINC's current Selling General Administrative is estimated to increase to about 37.1 M, while Sales General And Administrative To Revenue is projected to decrease to 0.05.
2020 | 2021 | 2023 | 2024 (projected) | Reconciled Depreciation | 79.3M | 27.4M | 24.7M | 23.4M | Cost Of Revenue | 146.5M | 711.0M | 639.9M | 475.6M |
XChange TECINC fundamental ratios Correlations
Click cells to compare fundamentals
XChange TECINC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
XChange TECINC fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 480.3M | 1.0B | 603.9M | 684.5M | 787.1M | 649.2M | |
Non Currrent Assets Other | 362.6M | 42.5M | 10.4M | 10.7M | 9.6M | 9.1M |
Currently Active Assets on Macroaxis
When determining whether XChange TECINC is a strong investment it is important to analyze XChange TECINC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact XChange TECINC's future performance. For an informed investment choice regarding XChange Stock, refer to the following important reports:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XChange TECINC. 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. For more detail on how to invest in XChange Stock please use our How to Invest in XChange TECINC guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Real Estate Management & Development 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 XChange TECINC. If investors know XChange 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 XChange TECINC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.18) | Revenue Per Share 16.224 | Quarterly Revenue Growth (0.62) | Return On Assets (0.02) |
The market value of XChange TECINC is measured differently than its book value, which is the value of XChange that is recorded on the company's balance sheet. Investors also form their own opinion of XChange TECINC's value that differs from its market value or its book value, called intrinsic value, which is XChange TECINC'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 XChange TECINC's market value can be influenced by many factors that don't directly affect XChange TECINC'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 XChange TECINC's value and its price as these two are different measures arrived at by different means. Investors typically determine if XChange TECINC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, XChange TECINC'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.