| 002168 Stock | | | 2.82 0.01 0.36% |
Shenzhen Hifuture financial indicator trend analysis is much more than just breaking down Shenzhen Hifuture prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Hifuture is a good investment. Please check the relationship between Shenzhen Hifuture Total Current Liabilities and its Long Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Hifuture Electric. 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.
Total Current Liabilities vs Long Term Investments
Total Current Liabilities vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen Hifuture Total Current Liabilities account and
Long Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shenzhen Hifuture's Total Current Liabilities and Long Term Investments is 0.72. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Shenzhen Hifuture Electric, assuming nothing else is changed. The correlation between historical values of Shenzhen Hifuture's Total Current Liabilities and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Shenzhen Hifuture Electric are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Total Current Liabilities i.e., Shenzhen Hifuture's Total Current Liabilities and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.72 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Shenzhen Hifuture balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Shenzhen Hifuture Electric are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Long Term Investments
Long Term Investments is an item on the asset side of Shenzhen Hifuture balance sheet that represents investments Shenzhen Hifuture intends to hold for over a year. Shenzhen Hifuture Electric long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Shenzhen Hifuture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Hifuture 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 Shenzhen Hifuture Electric. 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.
The current year's
Tax Provision is expected to grow to about 5.4
M, whereas
Selling General Administrative is forecasted to decline to about 43.6
M.
Shenzhen Hifuture fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen Hifuture Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen Hifuture fundamental ratios Accounts
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Other Information on Investing in Shenzhen Stock
Balance Sheet is a snapshot of the
financial position of Shenzhen Hifuture at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Hifuture Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Hifuture 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 Shenzhen currently owns. An asset can also be divided into two categories, current and non-current.