600340 Stock | | | 2.88 0.03 1.03% |
China Fortune financial indicator trend analysis is way more than just evaluating China Fortune Land prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Fortune Land is a good investment. Please check the relationship between China Fortune Cash and its Deferred Long Term Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Fortune Land. 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.
Cash vs Deferred Long Term Liab
Cash vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Fortune Land Cash account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between China Fortune's Cash and Deferred Long Term Liab is 0.44. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of China Fortune Land, assuming nothing else is changed. The correlation between historical values of China Fortune's Cash and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of China Fortune Land are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Cash i.e., China Fortune's Cash and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.44 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of China Fortune Land, which is listed under current asset account on China Fortune Land balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from China Fortune customers. The amounts must be unrestricted with restricted cash listed in a different China Fortune account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from China Fortune's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Fortune Land 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 China Fortune Land. 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 2.2
B, whereas
Tax Provision is projected to grow to (1.7
B).
China Fortune fundamental ratios Correlations
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China Fortune Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Fortune fundamental ratios Accounts
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Other Information on Investing in China Stock
Balance Sheet is a snapshot of the
financial position of China Fortune Land at a specified time, usually calculated after every quarter, six months, or one year. China Fortune Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Fortune 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 China currently owns. An asset can also be divided into two categories, current and non-current.