| 603327 Stock | | | 13.60 0.48 3.41% |
Sichuan Furong financial indicator trend analysis is much more than just breaking down Sichuan Furong Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sichuan Furong Technology is a good investment. Please check the relationship between Sichuan Furong Total Current Liabilities and its Net Tangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sichuan Furong Technology. 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 Net Tangible Assets
Total Current Liabilities vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sichuan Furong Technology Total Current Liabilities account and
Net Tangible Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Sichuan Furong's Total Current Liabilities and Net Tangible Assets is -0.73. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Sichuan Furong Technology, assuming nothing else is changed. The correlation between historical values of Sichuan Furong's Total Current Liabilities and Net Tangible Assets 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 Sichuan Furong Technology are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Current Liabilities i.e., Sichuan Furong's Total Current Liabilities and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | -0.73 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Sichuan Furong balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Sichuan Furong Technology 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.
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.
Most indicators from Sichuan Furong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sichuan Furong Technology 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 Sichuan Furong Technology. 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 66
M, whereas
Tax Provision is forecasted to decline to about 47.7
M.
Sichuan Furong fundamental ratios Correlations
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Sichuan Furong Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sichuan Furong fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Sichuan Stock
Balance Sheet is a snapshot of the
financial position of Sichuan Furong Technology at a specified time, usually calculated after every quarter, six months, or one year. Sichuan Furong Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sichuan Furong 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 Sichuan currently owns. An asset can also be divided into two categories, current and non-current.