600268 Stock | | | 6.85 0.15 2.14% |
Guodian Nanjing financial indicator trend analysis is much more than just examining Guodian Nanjing Auto latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guodian Nanjing Auto is a good investment. Please check the relationship between Guodian Nanjing Intangible Assets and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guodian Nanjing Automation. 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.
Intangible Assets vs Total Current Assets
Intangible Assets vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guodian Nanjing Auto Intangible Assets account and
Total Current Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Guodian Nanjing's Intangible Assets and Total Current Assets is 0.03. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Guodian Nanjing Automation, assuming nothing else is changed. The correlation between historical values of Guodian Nanjing's Intangible Assets 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 Intangible Assets of Guodian Nanjing Automation 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 Intangible Assets i.e., Guodian Nanjing's Intangible Assets and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.03 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
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 Guodian Nanjing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guodian Nanjing Auto 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 Guodian Nanjing Automation. 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 current year's
Selling General Administrative is expected to grow to about 448.5
M, whereas
Tax Provision is forecasted to decline to about 62.1
M.
Guodian Nanjing fundamental ratios Correlations
Click cells to compare fundamentals
Guodian Nanjing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guodian Nanjing fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Guodian Stock
Balance Sheet is a snapshot of the
financial position of Guodian Nanjing Auto at a specified time, usually calculated after every quarter, six months, or one year. Guodian Nanjing Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guodian Nanjing 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 Guodian currently owns. An asset can also be divided into two categories, current and non-current.