000703 Stock | | | 6.02 0.07 1.15% |
Hengyi Petrochemical financial indicator trend analysis is much more than just examining Hengyi Petrochemical latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hengyi Petrochemical is a good investment. Please check the relationship between Hengyi Petrochemical Deferred Long Term Liab and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hengyi Petrochemical 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 board of governors.
Deferred Long Term Liab vs Retained Earnings
Deferred Long Term Liab vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hengyi Petrochemical Deferred Long Term Liab account and
Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Hengyi Petrochemical's Deferred Long Term Liab and Retained Earnings is 0.88. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Hengyi Petrochemical Co, assuming nothing else is changed. The correlation between historical values of Hengyi Petrochemical's Deferred Long Term Liab 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 Deferred Long Term Liab of Hengyi Petrochemical Co 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 Deferred Long Term Liab i.e., Hengyi Petrochemical's Deferred Long Term Liab and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
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 Hengyi Petrochemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengyi Petrochemical 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 Hengyi Petrochemical 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 board of governors.
As of December 26, 2024,
Selling General Administrative is expected to decline to about 336
M. In addition to that,
Tax Provision is expected to decline to about 29.6
MHengyi Petrochemical fundamental ratios Correlations
Click cells to compare fundamentals
Hengyi Petrochemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hengyi Petrochemical fundamental ratios Accounts
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Other Information on Investing in Hengyi Stock
Balance Sheet is a snapshot of the
financial position of Hengyi Petrochemical at a specified time, usually calculated after every quarter, six months, or one year. Hengyi Petrochemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hengyi Petrochemical 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 Hengyi currently owns. An asset can also be divided into two categories, current and non-current.