603505 Stock | | | 25.56 0.52 1.99% |
China Kings financial indicator trend analysis is way more than just evaluating China Kings Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Kings Resources is a good investment. Please check the relationship between China Kings Cash and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Kings Resources. 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.
Cash vs Inventory
Cash vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Kings Resources Cash account and
Inventory. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between China Kings' Cash and Inventory is 0.46. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Inventory in the same time period over historical financial statements of China Kings Resources, assuming nothing else is changed. The correlation between historical values of China Kings' Cash and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of China Kings Resources are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash i.e., China Kings' Cash and Inventory go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of China Kings Resources, which is listed under current asset account on China Kings Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from China Kings customers. The amounts must be unrestricted with restricted cash listed in a different China Kings account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Inventory
Most indicators from China Kings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Kings Resources 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 China Kings Resources. 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.
The current year's
Selling General Administrative is expected to grow to about 48.1
M, whereas
Tax Provision is forecasted to decline to about 53
M.
China Kings fundamental ratios Correlations
Click cells to compare fundamentals
China Kings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Kings fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
Balance Sheet is a snapshot of the
financial position of China Kings Resources at a specified time, usually calculated after every quarter, six months, or one year. China Kings Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Kings 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 China currently owns. An asset can also be divided into two categories, current and non-current.