000639 Stock | | | 4.70 0.18 3.98% |
Xiwang Foodstuffs financial indicator trend analysis is more than just analyzing Xiwang Foodstuffs current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiwang Foodstuffs is a good investment. Please check the relationship between Xiwang Foodstuffs Cash and its Non Currrent Assets Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiwang Foodstuffs Co. 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.
Cash vs Non Currrent Assets Other
Cash vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xiwang Foodstuffs Cash account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Xiwang Foodstuffs' Cash and Non Currrent Assets Other is -0.56. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Xiwang Foodstuffs Co, assuming nothing else is changed. The correlation between historical values of Xiwang Foodstuffs' Cash and Non Currrent Assets Other 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 Xiwang Foodstuffs Co are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Cash i.e., Xiwang Foodstuffs' Cash and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.56 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Xiwang Foodstuffs, which is listed under current asset account on Xiwang Foodstuffs Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Xiwang Foodstuffs customers. The amounts must be unrestricted with restricted cash listed in a different Xiwang Foodstuffs 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.
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.
Most indicators from Xiwang Foodstuffs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiwang Foodstuffs 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 Xiwang Foodstuffs Co. 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 12, 2024,
Selling General Administrative is expected to decline to about 412.3
M. The current year's
Tax Provision is expected to grow to about (32.4
M)
Xiwang Foodstuffs fundamental ratios Correlations
Click cells to compare fundamentals
Xiwang Foodstuffs Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xiwang Foodstuffs fundamental ratios Accounts
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Other Information on Investing in Xiwang Stock
Balance Sheet is a snapshot of the
financial position of Xiwang Foodstuffs at a specified time, usually calculated after every quarter, six months, or one year. Xiwang Foodstuffs Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xiwang Foodstuffs 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 Xiwang currently owns. An asset can also be divided into two categories, current and non-current.