600982 Stock | | | 4.04 0.07 1.76% |
Ningbo Thermal financial indicator trend analysis is infinitely more than just investigating Ningbo Thermal Power recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Thermal Power is a good investment. Please check the relationship between Ningbo Thermal Change To Account Receivables and its Change To Operating Activities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Thermal Power. 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
Ningbo Thermal Power Change To Account Receivables account and
Change To Operating Activities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ningbo Thermal's Change To Account Receivables and Change To Operating Activities is 0.79. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Change To Operating Activities in the same time period over historical financial statements of Ningbo Thermal Power, assuming nothing else is changed. The correlation between historical values of Ningbo Thermal's Change To Account Receivables and Change To Operating Activities 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 Ningbo Thermal Power are associated (or correlated) with its Change To Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Operating Activities has no effect on the direction of Change To Account Receivables i.e., Ningbo Thermal's Change To Account Receivables and Change To Operating Activities go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Most indicators from Ningbo Thermal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Thermal Power 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 Ningbo Thermal Power. 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 337.1
M, whereas
Tax Provision is forecasted to decline to about 13.8
M.
Balance Sheet is a snapshot of the
financial position of Ningbo Thermal Power at a specified time, usually calculated after every quarter, six months, or one year. Ningbo Thermal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo Thermal 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 Ningbo currently owns. An asset can also be divided into two categories, current and non-current.