| 002840 Stock | | | 13.73 0.45 3.17% |
Zhejiang Huatong financial indicator trend analysis is more than just analyzing Zhejiang Huatong Meat current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Huatong Meat is a good investment. Please check the relationship between Zhejiang Huatong Other Current Assets and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Huatong Meat. 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.
Other Current Assets vs Total Assets
Other Current Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhejiang Huatong Meat Other Current Assets account and
Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhejiang Huatong's Other Current Assets and Total Assets is 0.77. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Zhejiang Huatong Meat, assuming nothing else is changed. The correlation between historical values of Zhejiang Huatong's Other Current Assets and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Zhejiang Huatong Meat are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Assets i.e., Zhejiang Huatong's Other Current Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.77 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Total Assets
Total assets refers to the total amount of Zhejiang Huatong assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Zhejiang Huatong Meat books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Zhejiang Huatong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Huatong Meat 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 Zhejiang Huatong Meat. 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 19, 2024,
Selling General Administrative is expected to decline to about 98.5
M. In addition to that,
Discontinued Operations is expected to decline to about 8.3
MZhejiang Huatong fundamental ratios Correlations
Click cells to compare fundamentals
Zhejiang Huatong Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhejiang Huatong fundamental ratios Accounts
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Other Information on Investing in Zhejiang Stock
Balance Sheet is a snapshot of the
financial position of Zhejiang Huatong Meat at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Huatong Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Huatong 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 Zhejiang currently owns. An asset can also be divided into two categories, current and non-current.