Kangping Property Plant And Equipment Net vs Net Working Capital Analysis
300907 Stock | 23.66 0.53 2.19% |
Kangping Technology financial indicator trend analysis is infinitely more than just investigating Kangping Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kangping Technology is a good investment. Please check the relationship between Kangping Technology Property Plant And Equipment Net and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kangping Technology 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.
Property Plant And Equipment Net vs Net Working Capital
Property Plant And Equipment Net vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kangping Technology Property Plant And Equipment Net account and Net Working Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Kangping Technology's Property Plant And Equipment Net and Net Working Capital is 0.66. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Kangping Technology Co, assuming nothing else is changed. The correlation between historical values of Kangping Technology's Property Plant And Equipment Net and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Kangping Technology Co are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Property Plant And Equipment Net i.e., Kangping Technology's Property Plant And Equipment Net and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Net Working Capital
Most indicators from Kangping Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kangping Technology 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 Kangping Technology 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. The current year's Tax Provision is expected to grow to about 5.1 M, whereas Selling General Administrative is forecasted to decline to about 30.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 5.3M | 5.7M | 3.3M | 3.9M | Interest Income | 1.6M | 1.1M | 2.9M | 1.7M |
Kangping Technology fundamental ratios Correlations
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Kangping Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Kangping Technology at a specified time, usually calculated after every quarter, six months, or one year. Kangping Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kangping Technology 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 Kangping currently owns. An asset can also be divided into two categories, current and non-current.