Fanhua Good Will vs Non Current Liabilities Total Analysis
AIFU Stock | 1.20 0.01 0.83% |
Fanhua financial indicator trend analysis is much more than just examining Fanhua Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fanhua Inc is a good investment. Please check the relationship between Fanhua Good Will and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Fanhua Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
Good Will vs Non Current Liabilities Total
Good Will vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fanhua Inc Good Will account and Non Current Liabilities Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Fanhua's Good Will and Non Current Liabilities Total is 0.88. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Fanhua Inc, assuming nothing else is changed. The correlation between historical values of Fanhua's Good Will and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Fanhua Inc are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Good Will i.e., Fanhua's Good Will and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Non Current Liabilities Total
Most indicators from Fanhua's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fanhua Inc 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 Fanhua Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. Selling General Administrative is likely to gain to about 902.2 M in 2024, whereas Tax Provision is likely to drop slightly above 54.9 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 3.0M | 13.7M | 5.7M | 7.2M | Tax Provision | 90.6M | 41.0M | 59.4M | 54.9M |
Fanhua fundamental ratios Correlations
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When running Fanhua's price analysis, check to measure Fanhua's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fanhua is operating at the current time. Most of Fanhua's value examination focuses on studying past and present price action to predict the probability of Fanhua's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fanhua's price. Additionally, you may evaluate how the addition of Fanhua to your portfolios can decrease your overall portfolio volatility.