000983 Stock | | | 8.24 0.01 0.12% |
Shanxi Xishan financial indicator trend analysis is much more than just breaking down Shanxi Xishan Coal prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanxi Xishan Coal is a good investment. Please check the relationship between Shanxi Xishan Total Current Liabilities and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanxi Xishan Coal. 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.
Total Current Liabilities vs Selling General Administrative
Total Current Liabilities vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanxi Xishan Coal Total Current Liabilities account and
Selling General Administrative. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Shanxi Xishan's Total Current Liabilities and Selling General Administrative is -0.21. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Shanxi Xishan Coal, assuming nothing else is changed. The correlation between historical values of Shanxi Xishan's Total Current Liabilities and Selling General Administrative 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 Shanxi Xishan Coal are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Liabilities i.e., Shanxi Xishan's Total Current Liabilities and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.21 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on Shanxi Xishan balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Shanxi Xishan Coal 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.
Selling General Administrative
Most indicators from Shanxi Xishan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanxi Xishan Coal 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 Shanxi Xishan Coal. 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 11, 2024, Selling General Administrative is expected to decline to about 987.2
M. In addition to that,
Tax Provision is expected to decline to about 2
BShanxi Xishan fundamental ratios Correlations
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Shanxi Xishan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanxi Xishan fundamental ratios Accounts
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Other Information on Investing in Shanxi Stock
Balance Sheet is a snapshot of the
financial position of Shanxi Xishan Coal at a specified time, usually calculated after every quarter, six months, or one year. Shanxi Xishan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanxi Xishan 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 Shanxi currently owns. An asset can also be divided into two categories, current and non-current.