000860 Stock | | | 20.33 0.65 3.10% |
Beijing Shunxin financial indicator trend analysis is way more than just evaluating Beijing Shunxin Agri prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Shunxin Agri is a good investment. Please check the relationship between Beijing Shunxin Cash and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing Shunxin Agriculture. 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 Total Stockholder Equity
Cash vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Beijing Shunxin Agri Cash account and
Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Beijing Shunxin's Cash and Total Stockholder Equity is 0.86. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Beijing Shunxin Agriculture, assuming nothing else is changed. The correlation between historical values of Beijing Shunxin's Cash and Total Stockholder Equity 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 Beijing Shunxin Agriculture are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Cash i.e., Beijing Shunxin's Cash and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of Beijing Shunxin Agri, which is listed under current asset account on Beijing Shunxin Agriculture balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Beijing Shunxin customers. The amounts must be unrestricted with restricted cash listed in a different Beijing Shunxin 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.
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Beijing Shunxin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Shunxin Agri 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 Beijing Shunxin Agriculture. 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 125.4
M, whereas
Tax Provision is forecasted to decline to about 333.7
M.
Beijing Shunxin fundamental ratios Correlations
Click cells to compare fundamentals
Beijing Shunxin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beijing Shunxin fundamental ratios Accounts
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Other Information on Investing in Beijing Stock
Balance Sheet is a snapshot of the
financial position of Beijing Shunxin Agri at a specified time, usually calculated after every quarter, six months, or one year. Beijing Shunxin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing Shunxin 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 Beijing currently owns. An asset can also be divided into two categories, current and non-current.