| 300563 Stock | | | 50.80 4.06 7.40% |
Shenyu Communication financial indicator trend analysis is much more than just breaking down Shenyu Communication prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenyu Communication is a good investment. Please check the relationship between Shenyu Communication Net Receivables and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenyu Communication Technology. 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 Receivables vs Total Assets
Net Receivables vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenyu Communication Net Receivables account and
Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shenyu Communication's Net Receivables and Total Assets is 0.91. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Assets in the same time period over historical financial statements of Shenyu Communication Technology, assuming nothing else is changed. The correlation between historical values of Shenyu Communication's Net Receivables 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 Net Receivables of Shenyu Communication Technology 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 Net Receivables i.e., Shenyu Communication's Net Receivables and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Receivables
Total Assets
Total assets refers to the total amount of Shenyu Communication 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 Shenyu Communication 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 Shenyu Communication's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenyu Communication 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 Shenyu Communication Technology. 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 5.3
M, whereas
Selling General Administrative is forecasted to decline to about 21
M.
Shenyu Communication fundamental ratios Correlations
Click cells to compare fundamentals
Shenyu Communication Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenyu Communication fundamental ratios Accounts
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Other Information on Investing in Shenyu Stock
Balance Sheet is a snapshot of the
financial position of Shenyu Communication at a specified time, usually calculated after every quarter, six months, or one year. Shenyu Communication Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenyu Communication 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 Shenyu currently owns. An asset can also be divided into two categories, current and non-current.