000420 Stock | | | 3.70 0.03 0.80% |
Jilin Chemical financial indicator trend analysis is infinitely more than just investigating Jilin Chemical Fibre recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jilin Chemical Fibre is a good investment. Please check the relationship between Jilin Chemical Cash and its Non Current Assets Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Jilin Chemical Fibre. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Cash vs Non Current Assets Total
Cash vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jilin Chemical Fibre Cash account and
Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Jilin Chemical's Cash and Non Current Assets Total is 0.6. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Jilin Chemical Fibre, assuming nothing else is changed. The correlation between historical values of Jilin Chemical's Cash and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Jilin Chemical Fibre are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Cash i.e., Jilin Chemical's Cash and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Jilin Chemical Fibre, which is listed under current asset account on Jilin Chemical Fibre balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Jilin Chemical customers. The amounts must be unrestricted with restricted cash listed in a different Jilin Chemical account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Jilin Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jilin Chemical Fibre 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 Jilin Chemical Fibre. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The current year's
Selling General Administrative is expected to grow to about 94
M, whereas
Tax Provision is projected to grow to (19.2
M).
Jilin Chemical fundamental ratios Correlations
Click cells to compare fundamentals
Jilin Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jilin Chemical fundamental ratios Accounts
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Other Information on Investing in Jilin Stock
Balance Sheet is a snapshot of the
financial position of Jilin Chemical Fibre at a specified time, usually calculated after every quarter, six months, or one year. Jilin Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jilin Chemical and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Jilin currently owns. An asset can also be divided into two categories, current and non-current.