| 20MICRONS | | | 233.55 4.55 1.99% |
20 Microns financial indicator trend analysis is way more than just evaluating 20 Microns Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 20 Microns Limited is a good investment. Please check the relationship between 20 Microns Total Current Assets and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in 20 Microns Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Total Current Assets vs Cash
Total Current Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
20 Microns Limited Total Current Assets account and
Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between 20 Microns' Total Current Assets and Cash is 0.47. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of 20 Microns Limited, assuming nothing else is changed. The correlation between historical values of 20 Microns' Total Current Assets and Cash 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 Assets of 20 Microns Limited are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Assets i.e., 20 Microns' Total Current Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.47 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Cash
Cash refers to the most liquid asset of 20 Microns Limited, which is listed under current asset account on 20 Microns Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from 20 Microns customers. The amounts must be unrestricted with restricted cash listed in a different 20 Microns 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.
Most indicators from 20 Microns' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 20 Microns Limited 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 20 Microns Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
As of the 2nd of December 2024,
Selling General Administrative is likely to drop to about 80.9
M. In addition to that,
Tax Provision is likely to drop to about 120
M20 Microns fundamental ratios Correlations
Click cells to compare fundamentals
20 Microns Account Relationship Matchups
High Positive Relationship
High Negative Relationship
20 Microns fundamental ratios Accounts
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Other Information on Investing in 20MICRONS Stock
Balance Sheet is a snapshot of the
financial position of 20 Microns Limited at a specified time, usually calculated after every quarter, six months, or one year. 20 Microns Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of 20 Microns 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 20MICRONS currently owns. An asset can also be divided into two categories, current and non-current.