J Long Net Receivables vs Selling General Administrative Analysis
| JL Stock | 3.04 0.01 0.33% |
J Long financial indicator trend analysis is infinitely more than just investigating J Long Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether J Long Group is a good investment. Please check the relationship between J Long Net Receivables and its Selling General Administrative accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in J Long Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Net Receivables vs Selling General Administrative
Net Receivables vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of J Long Group Net Receivables account and Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between J Long's Net Receivables and Selling General Administrative is 0.71. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of J Long Group Limited, assuming nothing else is changed. The correlation between historical values of J Long's Net Receivables and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of J Long Group Limited are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Net Receivables i.e., J Long's Net Receivables and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.71 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Receivables
Selling General Administrative
Most indicators from J Long's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into J Long Group 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in J Long Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. Issuance Of Capital Stock is expected to rise to about 6.7 M this year, although the value of Tax Provision will most likely fall to about 120.5 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 75.9K | 135.6K | 146.0K | 108.7K | Depreciation And Amortization | 26.1K | 21.6K | 147.8K | 155.2K |
J Long fundamental ratios Correlations
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J Long Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in J Long Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of J Long. If investors know J Long will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about J Long listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.58) | Earnings Share 0.3 | Revenue Per Share 0.938 | Quarterly Revenue Growth (0.13) | Return On Assets 0.0127 |
The market value of J Long Group is measured differently than its book value, which is the value of J Long that is recorded on the company's balance sheet. Investors also form their own opinion of J Long's value that differs from its market value or its book value, called intrinsic value, which is J Long's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because J Long's market value can be influenced by many factors that don't directly affect J Long's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between J Long's value and its price as these two are different measures arrived at by different means. Investors typically determine if J Long is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, J Long's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.