300003 Stock | | | 11.88 0.03 0.25% |
Lepu Medical financial indicator trend analysis is infinitely more than just investigating Lepu Medical Tech recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lepu Medical Tech is a good investment. Please check the relationship between Lepu Medical Long Term Investments and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Lepu Medical Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Long Term Investments vs Total Current Assets
Long Term Investments vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lepu Medical Tech Long Term Investments account and
Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Lepu Medical's Long Term Investments and Total Current Assets is 0.83. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Lepu Medical Tech, assuming nothing else is changed. The correlation between historical values of Lepu Medical's Long Term Investments and Total Current 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 Long Term Investments of Lepu Medical Tech are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Long Term Investments i.e., Lepu Medical's Long Term Investments and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Long Term Investments
Long Term Investments is an item on the asset side of Lepu Medical balance sheet that represents investments Lepu Medical Tech intends to hold for over a year. Lepu Medical Tech long term investments may include different instruments such as stocks, bonds, real estate and cash.
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.
Most indicators from Lepu Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lepu Medical Tech 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 Lepu Medical Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Tax Provision is expected to grow to about 305.9
M, whereas
Selling General Administrative is forecasted to decline to about 1.1
B.
Lepu Medical fundamental ratios Correlations
Click cells to compare fundamentals
Lepu Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lepu Medical fundamental ratios Accounts
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Other Information on Investing in Lepu Stock
Balance Sheet is a snapshot of the
financial position of Lepu Medical Tech at a specified time, usually calculated after every quarter, six months, or one year. Lepu Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Lepu Medical 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 Lepu currently owns. An asset can also be divided into two categories, current and non-current.