601801 Stock | | | 7.29 0.13 1.75% |
Anhui Xinhua financial indicator trend analysis is way more than just evaluating Anhui Xinhua Media prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anhui Xinhua Media is a good investment. Please check the relationship between Anhui Xinhua Total Current Assets and its Other Current Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Anhui Xinhua Media. 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.
Total Current Assets vs Other Current Liab
Total Current Assets vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Anhui Xinhua Media Total Current Assets account and
Other Current Liab. At this time, the significance of the direction appears to have very week relationship.
The correlation between Anhui Xinhua's Total Current Assets and Other Current Liab is 0.22. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Anhui Xinhua Media, assuming nothing else is changed. The correlation between historical values of Anhui Xinhua's Total Current Assets and Other Current 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 Total Current Assets of Anhui Xinhua Media are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Total Current Assets i.e., Anhui Xinhua's Total Current Assets and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.
Other Current Liab
Most indicators from Anhui Xinhua's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anhui Xinhua Media 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 Anhui Xinhua Media. 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 22, 2024,
Selling General Administrative is expected to decline to about 289.3
M. The current year's
Tax Provision is expected to grow to about (109.1
M)
Anhui Xinhua fundamental ratios Correlations
Click cells to compare fundamentals
Anhui Xinhua Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Anhui Xinhua fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Anhui Stock
Balance Sheet is a snapshot of the
financial position of Anhui Xinhua Media at a specified time, usually calculated after every quarter, six months, or one year. Anhui Xinhua Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Anhui Xinhua 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 Anhui currently owns. An asset can also be divided into two categories, current and non-current.