Liaoning Common Stock Shares Outstanding vs Net Working Capital Analysis
603255 Stock | 32.21 1.07 3.44% |
Liaoning Dingjide financial indicator trend analysis is infinitely more than just investigating Liaoning Dingjide recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Liaoning Dingjide is a good investment. Please check the relationship between Liaoning Dingjide Common Stock Shares Outstanding and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Liaoning Dingjide Petrochemical. 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.
Common Stock Shares Outstanding vs Net Working Capital
Common Stock Shares Outstanding vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Liaoning Dingjide Common Stock Shares Outstanding account and Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Liaoning Dingjide's Common Stock Shares Outstanding and Net Working Capital is 0.98. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Liaoning Dingjide Petrochemical, assuming nothing else is changed. The correlation between historical values of Liaoning Dingjide's Common Stock Shares Outstanding and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Liaoning Dingjide Petrochemical are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Common Stock Shares Outstanding i.e., Liaoning Dingjide's Common Stock Shares Outstanding and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Net Working Capital
Most indicators from Liaoning Dingjide's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Liaoning Dingjide 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 Liaoning Dingjide Petrochemical. 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 Tax Provision is expected to grow to about 10.7 M, whereas Selling General Administrative is forecasted to decline to about 36.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 7.3M | 8.4M | 6.2M | 7.4M | Interest Income | 116.0K | 3.9M | 8.1M | 8.5M |
Liaoning Dingjide fundamental ratios Correlations
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Liaoning Dingjide Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Liaoning Stock
Balance Sheet is a snapshot of the financial position of Liaoning Dingjide at a specified time, usually calculated after every quarter, six months, or one year. Liaoning Dingjide Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Liaoning Dingjide 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 Liaoning currently owns. An asset can also be divided into two categories, current and non-current.