002595 Stock | | | 43.87 0.03 0.07% |
Shandong Himile financial indicator trend analysis is much more than just breaking down Shandong Himile Mech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Himile Mech is a good investment. Please check the relationship between Shandong Himile Net Tangible Assets and its Good Will accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Himile Mechanical. 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.
Net Tangible Assets vs Good Will
Net Tangible Assets vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shandong Himile Mech Net Tangible Assets account and
Good Will. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Shandong Himile's Net Tangible Assets and Good Will is -0.35. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Good Will in the same time period over historical financial statements of Shandong Himile Mechanical, assuming nothing else is changed. The correlation between historical values of Shandong Himile's Net Tangible Assets and Good Will 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 Tangible Assets of Shandong Himile Mechanical are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Tangible Assets i.e., Shandong Himile's Net Tangible Assets and Good Will go up and down completely randomly.
Correlation Coefficient | -0.35 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
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.
Most indicators from Shandong Himile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Himile Mech 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 Shandong Himile Mechanical. 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 107.3
M. In addition to that,
Tax Provision is expected to decline to about 162.8
MShandong Himile fundamental ratios Correlations
Click cells to compare fundamentals
Shandong Himile Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shandong Himile fundamental ratios Accounts
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Other Information on Investing in Shandong Stock
Balance Sheet is a snapshot of the
financial position of Shandong Himile Mech at a specified time, usually calculated after every quarter, six months, or one year. Shandong Himile Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shandong Himile 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 Shandong currently owns. An asset can also be divided into two categories, current and non-current.