600804 Stock | | | 2.19 0.02 0.92% |
Dr Peng financial indicator trend analysis is much more than just examining Dr Peng Telecom latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dr Peng Telecom is a good investment. Please check the relationship between Dr Peng Net Tangible Assets and its Non Current Assets Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Dr Peng Telecom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Net Tangible Assets vs Non Current Assets Total
Net Tangible Assets vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dr Peng Telecom Net Tangible Assets account and
Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Dr Peng's Net Tangible Assets and Non Current Assets Total is 0.86. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Dr Peng Telecom, assuming nothing else is changed. The correlation between historical values of Dr Peng's Net Tangible Assets and Non Current Assets Total 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 Dr Peng Telecom are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Net Tangible Assets i.e., Dr Peng's Net Tangible Assets and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Dr Peng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dr Peng Telecom 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 Dr Peng Telecom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
As of December 11, 2024,
Selling General Administrative is expected to decline to about 220.7
M. The current year's
Tax Provision is expected to grow to about (40.6
M)
Dr Peng fundamental ratios Correlations
Click cells to compare fundamentals
Dr Peng Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dr Peng fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in 600804 Stock
Balance Sheet is a snapshot of the
financial position of Dr Peng Telecom at a specified time, usually calculated after every quarter, six months, or one year. Dr Peng Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dr Peng 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 600804 currently owns. An asset can also be divided into two categories, current and non-current.