000637 Stock | | | 4.25 0.12 2.75% |
Maoming Petro financial indicator trend analysis is infinitely more than just investigating Maoming Petro Chemical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Maoming Petro Chemical is a good investment. Please check the relationship between Maoming Petro Cash and its Non Currrent Assets Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Maoming Petro Chemical Shihua. 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 Currrent Assets Other
Cash vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Maoming Petro Chemical Cash account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Maoming Petro's Cash and Non Currrent Assets Other is -0.13. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Maoming Petro Chemical Shihua, assuming nothing else is changed. The correlation between historical values of Maoming Petro's Cash and Non Currrent Assets Other 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 Maoming Petro Chemical Shihua are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Cash i.e., Maoming Petro's Cash and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Maoming Petro Chemical, which is listed under current asset account on Maoming Petro Chemical Shihua balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Maoming Petro customers. The amounts must be unrestricted with restricted cash listed in a different Maoming Petro 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 Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Maoming Petro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Maoming Petro Chemical 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 Maoming Petro Chemical Shihua. 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.
As of December 15, 2024,
Selling General Administrative is expected to decline to about 97.8
M. The current year's
Tax Provision is expected to grow to about (5.6
M)
Maoming Petro fundamental ratios Correlations
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Maoming Petro Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Maoming Petro fundamental ratios Accounts
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Other Information on Investing in Maoming Stock
Balance Sheet is a snapshot of the
financial position of Maoming Petro Chemical at a specified time, usually calculated after every quarter, six months, or one year. Maoming Petro Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Maoming Petro 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 Maoming currently owns. An asset can also be divided into two categories, current and non-current.