300207 Stock | | | 22.88 0.16 0.69% |
Sunwoda Electronic financial indicator trend analysis is much more than just breaking down Sunwoda Electronic prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sunwoda Electronic is a good investment. Please check the relationship between Sunwoda Electronic Net Receivables and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sunwoda Electronic. 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.
Net Receivables vs Selling General Administrative
Net Receivables vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sunwoda Electronic Net Receivables account and
Selling General Administrative. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sunwoda Electronic's Net Receivables and Selling General Administrative is 0.96. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Sunwoda Electronic, assuming nothing else is changed. The correlation between historical values of Sunwoda Electronic's Net Receivables 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 Net Receivables of Sunwoda Electronic 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 Net Receivables i.e., Sunwoda Electronic's Net Receivables and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Receivables
Selling General Administrative
Most indicators from Sunwoda Electronic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sunwoda Electronic 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 Sunwoda Electronic. 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 Selling General Administrative is expected to grow to about 1.2
B, whereas
Tax Provision is projected to grow to (154.4
M).
Sunwoda Electronic fundamental ratios Correlations
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Sunwoda Electronic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sunwoda Electronic fundamental ratios Accounts
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Other Information on Investing in Sunwoda Stock
Balance Sheet is a snapshot of the
financial position of Sunwoda Electronic at a specified time, usually calculated after every quarter, six months, or one year. Sunwoda Electronic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sunwoda Electronic 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 Sunwoda currently owns. An asset can also be divided into two categories, current and non-current.