| 600231 Stock | | | 2.07 0.11 5.05% |
Lingyuan Iron financial indicator trend analysis is infinitely more than just investigating Lingyuan Iron Steel recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lingyuan Iron Steel is a good investment. Please check the relationship between Lingyuan Iron Change To Account Receivables and its Change To Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Lingyuan Iron Steel. 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 overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lingyuan Iron Steel Change To Account Receivables account and
Change To Liabilities. At this time, the significance of the direction appears to have pay attention.
The correlation between Lingyuan Iron's Change To Account Receivables and Change To Liabilities is -0.77. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Change To Liabilities in the same time period over historical financial statements of Lingyuan Iron Steel, assuming nothing else is changed. The correlation between historical values of Lingyuan Iron's Change To Account Receivables and Change To Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Lingyuan Iron Steel are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of Change To Account Receivables i.e., Lingyuan Iron's Change To Account Receivables and Change To Liabilities go up and down completely randomly.
Correlation Coefficient | -0.77 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Most indicators from Lingyuan Iron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lingyuan Iron Steel 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 Lingyuan Iron Steel. 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 11, 2024,
Selling General Administrative is expected to decline to about 121.8
M. The current year's
Tax Provision is expected to grow to about (223.2
M)
Balance Sheet is a snapshot of the
financial position of Lingyuan Iron Steel at a specified time, usually calculated after every quarter, six months, or one year. Lingyuan Iron Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Lingyuan Iron 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 Lingyuan currently owns. An asset can also be divided into two categories, current and non-current.