Liaoning Non Currrent Assets Other vs Retained Earnings Analysis

688739 Stock   27.32  0.43  1.60%   
Liaoning Chengda financial indicator trend analysis is infinitely more than just investigating Liaoning Chengda Bio recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Liaoning Chengda Bio is a good investment. Please check the relationship between Liaoning Chengda Non Currrent Assets Other and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Liaoning Chengda Biotechnology. 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.

Non Currrent Assets Other vs Retained Earnings

Non Currrent Assets Other vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Liaoning Chengda Bio Non Currrent Assets Other account and Retained Earnings. At this time, the significance of the direction appears to have weak relationship.
The correlation between Liaoning Chengda's Non Currrent Assets Other and Retained Earnings is 0.32. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Liaoning Chengda Biotechnology, assuming nothing else is changed. The correlation between historical values of Liaoning Chengda's Non Currrent Assets Other and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Liaoning Chengda Biotechnology are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Non Currrent Assets Other i.e., Liaoning Chengda's Non Currrent Assets Other and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.32
Relationship DirectionPositive 
Relationship StrengthVery Weak

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Liaoning Chengda's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Liaoning Chengda Bio 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 Chengda Biotechnology. 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 2, 2024, Tax Provision is expected to decline to about 102.7 M. In addition to that, Selling General Administrative is expected to decline to about 452.6 M
 2021 2022 2023 2024 (projected)
Net Interest Income4.1M55.6M69.9M73.4M
Tax Provision138.5M124.1M110.5M102.7M

Liaoning Chengda fundamental ratios Correlations

-0.880.941.00.980.870.920.960.440.990.90.84-0.10.98-0.640.931.01.00.90.871.00.850.84-0.910.860.94
-0.88-0.91-0.88-0.94-0.85-0.75-0.86-0.11-0.83-0.77-0.77-0.13-0.870.32-0.95-0.88-0.87-0.77-0.75-0.87-0.71-0.720.8-0.74-0.83
0.94-0.910.940.970.970.830.970.140.920.960.77-0.110.9-0.610.990.940.920.960.740.920.90.91-0.920.920.95
1.0-0.880.940.980.870.930.960.450.990.890.84-0.10.98-0.640.931.01.00.890.871.00.850.84-0.910.850.94
0.98-0.940.970.980.910.910.970.320.970.90.8-0.080.98-0.570.960.980.980.90.810.970.860.85-0.930.870.94
0.87-0.850.970.870.910.820.97-0.010.870.960.6-0.20.85-0.60.940.870.840.960.560.830.960.96-0.920.960.9
0.92-0.750.830.930.910.820.920.490.960.830.59-0.280.97-0.640.790.930.910.830.670.910.890.84-0.920.860.87
0.96-0.860.970.960.970.970.920.240.960.970.69-0.230.95-0.680.940.960.930.970.70.930.960.95-0.970.960.96
0.44-0.110.140.450.32-0.010.490.240.480.170.46-0.20.46-0.450.120.450.490.170.620.50.130.1-0.30.130.34
0.99-0.830.920.990.970.870.960.960.480.910.77-0.210.99-0.690.890.990.980.910.810.980.890.87-0.940.890.95
0.9-0.770.960.890.90.960.830.970.170.910.65-0.370.86-0.790.920.890.871.00.650.860.960.98-0.950.980.96
0.84-0.770.770.840.80.60.590.690.460.770.650.210.73-0.440.810.840.870.650.980.870.490.5-0.610.530.74
-0.1-0.13-0.11-0.1-0.08-0.2-0.28-0.23-0.2-0.21-0.370.21-0.180.75-0.05-0.1-0.07-0.370.09-0.07-0.37-0.450.44-0.44-0.37
0.98-0.870.90.980.980.850.970.950.460.990.860.73-0.18-0.610.890.980.970.860.790.970.860.83-0.940.860.92
-0.640.32-0.61-0.64-0.57-0.6-0.64-0.68-0.45-0.69-0.79-0.440.75-0.61-0.55-0.64-0.62-0.79-0.52-0.62-0.72-0.780.78-0.78-0.79
0.93-0.950.990.930.960.940.790.940.120.890.920.81-0.050.89-0.550.930.920.920.770.910.840.86-0.890.870.93
1.0-0.880.941.00.980.870.930.960.450.990.890.84-0.10.98-0.640.931.00.890.871.00.850.84-0.910.850.94
1.0-0.870.921.00.980.840.910.930.490.980.870.87-0.070.97-0.620.921.00.870.91.00.810.8-0.890.820.93
0.9-0.770.960.890.90.960.830.970.170.911.00.65-0.370.86-0.790.920.890.870.650.860.960.98-0.950.980.96
0.87-0.750.740.870.810.560.670.70.620.810.650.980.090.79-0.520.770.870.90.650.90.50.51-0.660.540.77
1.0-0.870.921.00.970.830.910.930.50.980.860.87-0.070.97-0.620.911.01.00.860.90.810.79-0.890.820.92
0.85-0.710.90.850.860.960.890.960.130.890.960.49-0.370.86-0.720.840.850.810.960.50.810.98-0.940.980.89
0.84-0.720.910.840.850.960.840.950.10.870.980.5-0.450.83-0.780.860.840.80.980.510.790.98-0.961.00.92
-0.910.8-0.92-0.91-0.93-0.92-0.92-0.97-0.3-0.94-0.95-0.610.44-0.940.78-0.89-0.91-0.89-0.95-0.66-0.89-0.94-0.96-0.97-0.98
0.86-0.740.920.850.870.960.860.960.130.890.980.53-0.440.86-0.780.870.850.820.980.540.820.981.0-0.970.94
0.94-0.830.950.940.940.90.870.960.340.950.960.74-0.370.92-0.790.930.940.930.960.770.920.890.92-0.980.94
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Liaoning Chengda Account Relationship Matchups

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Other Information on Investing in Liaoning Stock

Balance Sheet is a snapshot of the financial position of Liaoning Chengda Bio at a specified time, usually calculated after every quarter, six months, or one year. Liaoning Chengda Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Liaoning Chengda 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.