Hengerda Retained Earnings vs Net Working Capital Analysis
300946 Stock | 30.05 0.12 0.40% |
Hengerda New financial indicator trend analysis is much more than just examining Hengerda New Materials latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hengerda New Materials is a good investment. Please check the relationship between Hengerda New Retained Earnings and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hengerda New Materials. 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.
Retained Earnings vs Net Working Capital
Retained Earnings vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hengerda New Materials Retained Earnings account and Net Working Capital. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Hengerda New's Retained Earnings and Net Working Capital is 0.83. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Hengerda New Materials, assuming nothing else is changed. The correlation between historical values of Hengerda New's Retained Earnings and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Hengerda New Materials are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Retained Earnings i.e., Hengerda New's Retained Earnings and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Net Working Capital
Most indicators from Hengerda New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengerda New Materials 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 Hengerda New Materials. 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. As of December 13, 2024, Tax Provision is expected to decline to about 8.6 M. In addition to that, Selling General Administrative is expected to decline to about 17 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 80.6K | 330.4K | 499.4K | 474.4K | Interest Income | 2.0M | 747.9K | 507.3K | 859.0K |
Hengerda New fundamental ratios Correlations
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Hengerda New Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Hengerda New Materials at a specified time, usually calculated after every quarter, six months, or one year. Hengerda New Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hengerda New 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 Hengerda currently owns. An asset can also be divided into two categories, current and non-current.