002289 Stock | | | 3.92 0.18 4.81% |
Success Electronics financial indicator trend analysis is much more than just breaking down Success Electronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Success Electronics is a good investment. Please check the relationship between Success Electronics Other Liab and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Success Electronics. 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.
Other Liab vs Total Current Liabilities
Other Liab vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Success Electronics Other Liab account and
Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Success Electronics' Other Liab and Total Current Liabilities is 0.94. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Success Electronics, assuming nothing else is changed. The correlation between historical values of Success Electronics' Other Liab and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Success Electronics are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Liab i.e., Success Electronics' Other Liab and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Liab
Total Current Liabilities
Total Current Liabilities is an item on Success Electronics balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Success Electronics 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.
Most indicators from Success Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Success Electronics 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 Success Electronics. 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
Tax Provision is expected to grow to about 733.8
K, whereas
Selling General Administrative is forecasted to decline to about 7.9
M.
Success Electronics fundamental ratios Correlations
Click cells to compare fundamentals
Success Electronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Success Electronics fundamental ratios Accounts
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Other Information on Investing in Success Stock
Balance Sheet is a snapshot of the
financial position of Success Electronics at a specified time, usually calculated after every quarter, six months, or one year. Success Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Success Electronics 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 Success currently owns. An asset can also be divided into two categories, current and non-current.