| 300912 Stock | | | 10.74 0.14 1.29% |
Kailong High financial indicator trend analysis is infinitely more than just investigating Kailong High Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kailong High Technology is a good investment. Please check the relationship between Kailong High Inventory and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Kailong High 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 board of governors.
Inventory vs Total Current Liabilities
Inventory vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kailong High Technology Inventory account and
Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Kailong High's Inventory and Total Current Liabilities is 0.42. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Kailong High Technology, assuming nothing else is changed. The correlation between historical values of Kailong High's Inventory and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Kailong High Technology are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Inventory i.e., Kailong High's Inventory and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.42 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Inventory
Total Current Liabilities
Total Current Liabilities is an item on Kailong High balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Kailong High Technology 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.
Most indicators from Kailong High's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kailong High 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 Kailong High 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 board of governors.
As of January 9, 2025,
Tax Provision is expected to decline to about (1.8
M). In addition to that,
Selling General Administrative is expected to decline to about 55
MKailong High fundamental ratios Correlations
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Kailong High Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kailong High fundamental ratios Accounts
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Other Information on Investing in Kailong Stock
Balance Sheet is a snapshot of the
financial position of Kailong High Technology at a specified time, usually calculated after every quarter, six months, or one year. Kailong High Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kailong High 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 Kailong currently owns. An asset can also be divided into two categories, current and non-current.