| 002442 Stock | | | 5.66 0.06 1.07% |
Longxing Chemical financial indicator trend analysis is infinitely more than just investigating Longxing Chemical Stock recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Longxing Chemical Stock is a good investment. Please check the relationship between Longxing Chemical Total Assets and its Net Tangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Longxing Chemical Stock. 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 Assets vs Net Tangible Assets
Total Assets vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Longxing Chemical Stock Total Assets account and
Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Longxing Chemical's Total Assets and Net Tangible Assets is 0.62. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Longxing Chemical Stock, assuming nothing else is changed. The correlation between historical values of Longxing Chemical's Total Assets and Net Tangible Assets 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 Assets of Longxing Chemical Stock are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Assets i.e., Longxing Chemical's Total Assets and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.62 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Longxing Chemical assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Longxing Chemical Stock books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Longxing Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Longxing Chemical Stock 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 Longxing Chemical Stock. 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
M, whereas
Tax Provision is forecasted to decline to about 13.4
M.
Longxing Chemical fundamental ratios Correlations
Click cells to compare fundamentals
Longxing Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Longxing Chemical fundamental ratios Accounts
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Other Information on Investing in Longxing Stock
Balance Sheet is a snapshot of the
financial position of Longxing Chemical Stock at a specified time, usually calculated after every quarter, six months, or one year. Longxing Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Longxing 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 Longxing currently owns. An asset can also be divided into two categories, current and non-current.