| 603221 Stock | | | 10.35 0.67 6.08% |
Zhangjiagang Elegant financial indicator trend analysis is more than just analyzing Zhangjiagang Elegant Home current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhangjiagang Elegant Home is a good investment. Please check the relationship between Zhangjiagang Elegant Total Current Liabilities and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhangjiagang Elegant Home. 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.
Total Current Liabilities vs Operating Income
Total Current Liabilities vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhangjiagang Elegant Home Total Current Liabilities account and
Operating Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Zhangjiagang Elegant's Total Current Liabilities and Operating Income is -0.76. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Operating Income in the same time period over historical financial statements of Zhangjiagang Elegant Home, assuming nothing else is changed. The correlation between historical values of Zhangjiagang Elegant's Total Current Liabilities and Operating Income 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 Liabilities of Zhangjiagang Elegant Home are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Current Liabilities i.e., Zhangjiagang Elegant's Total Current Liabilities and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.76 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Zhangjiagang Elegant balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Zhangjiagang Elegant Home are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Operating Income
Operating Income is the amount of profit realized from Zhangjiagang Elegant Home operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Zhangjiagang Elegant Home is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Zhangjiagang Elegant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhangjiagang Elegant Home 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 Zhangjiagang Elegant Home. 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 18, 2024,
Tax Provision is expected to decline to about 3.6
M. In addition to that,
Selling General Administrative is expected to decline to about 37.2
MZhangjiagang Elegant fundamental ratios Correlations
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Zhangjiagang Elegant Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhangjiagang Elegant fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Zhangjiagang Stock
Balance Sheet is a snapshot of the
financial position of Zhangjiagang Elegant Home at a specified time, usually calculated after every quarter, six months, or one year. Zhangjiagang Elegant Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhangjiagang Elegant 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 Zhangjiagang currently owns. An asset can also be divided into two categories, current and non-current.