YY Stock | | | USD 36.03 0.09 0.25% |
YY financial indicator trend analysis is more than just analyzing YY Inc Class current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether YY Inc Class is a good investment. Please check the relationship between YY Total Current Liabilities and its Net Receivables accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in YY Inc Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Total Current Liabilities vs Net Receivables
Total Current Liabilities vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
YY Inc Class Total Current Liabilities account and
Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between YY's Total Current Liabilities and Net Receivables is 0.84. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Receivables in the same time period over historical financial statements of YY Inc Class, assuming nothing else is changed. The correlation between historical values of YY's Total Current Liabilities 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 Total Current Liabilities of YY Inc Class 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 Total Current Liabilities i.e., YY's Total Current Liabilities and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on YY balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of YY Inc Class are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Net Receivables
Most indicators from YY's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into YY Inc Class 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 YY Inc Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Selling General Administrative is likely to drop to about 97.6
M in 2024.
Tax Provision is likely to drop to about 17.9
M in 2024
YY fundamental ratios Correlations
Click cells to compare fundamentals
YY Account Relationship Matchups
High Positive Relationship
High Negative Relationship
YY fundamental ratios Accounts
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Additional Tools for YY Stock Analysis
When running YY's price analysis, check to
measure YY'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 YY is operating at the current time. Most of YY's value examination focuses on studying past and present price action to
predict the probability of YY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move YY's price. Additionally, you may evaluate how the addition of YY to your portfolios can decrease your overall portfolio volatility.