600691 Stock | | | 2.88 0.09 3.23% |
Yangmei Chemical financial indicator trend analysis is more than just analyzing Yangmei Chemical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yangmei Chemical is a good investment. Please check the relationship between Yangmei Chemical Net Tangible Assets and its Deferred Long Term Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Yangmei Chemical Co. 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.
Net Tangible Assets vs Deferred Long Term Liab
Net Tangible Assets vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Yangmei Chemical Net Tangible Assets account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have pay attention.
The correlation between Yangmei Chemical's Net Tangible Assets and Deferred Long Term Liab is -0.72. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Yangmei Chemical Co, assuming nothing else is changed. The correlation between historical values of Yangmei Chemical's Net Tangible Assets 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 Net Tangible Assets of Yangmei Chemical Co 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 Net Tangible Assets i.e., Yangmei Chemical's Net Tangible Assets and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | -0.72 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Yangmei Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yangmei Chemical 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 Yangmei Chemical Co. 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 12, 2024,
Selling General Administrative is expected to decline to about 104.9
M. In addition to that,
Tax Provision is expected to decline to about 8.8
MYangmei Chemical fundamental ratios Correlations
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Yangmei Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Yangmei Chemical fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Yangmei Stock
Balance Sheet is a snapshot of the
financial position of Yangmei Chemical at a specified time, usually calculated after every quarter, six months, or one year. Yangmei Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Yangmei Chemical 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 Yangmei currently owns. An asset can also be divided into two categories, current and non-current.