Ningbo Short Term Investments vs Property Plant And Equipment Net Analysis
300998 Stock | 16.59 0.10 0.61% |
Ningbo Fangzheng financial indicator trend analysis is infinitely more than just investigating Ningbo Fangzheng Aut recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Fangzheng Aut is a good investment. Please check the relationship between Ningbo Fangzheng Short Term Investments and its Property Plant And Equipment Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Fangzheng Automobile. 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.
Short Term Investments vs Property Plant And Equipment Net
Short Term Investments vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Fangzheng Aut Short Term Investments account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ningbo Fangzheng's Short Term Investments and Property Plant And Equipment Net is 0.66. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Ningbo Fangzheng Automobile, assuming nothing else is changed. The correlation between historical values of Ningbo Fangzheng's Short Term Investments and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Ningbo Fangzheng Automobile are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Short Term Investments i.e., Ningbo Fangzheng's Short Term Investments and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Short Term Investments
Short Term Investments is an item under the current assets section of Ningbo Fangzheng balance sheet. It contains any investments Ningbo Fangzheng Automobile undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Ningbo Fangzheng Aut can easily liquidate in the marketplace.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.Most indicators from Ningbo Fangzheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Fangzheng Aut 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 Ningbo Fangzheng Automobile. 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 (1.4 M). In addition to that, Selling General Administrative is expected to decline to about 48.6 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 7.2M | 10.8M | 14.7M | 13.6M | Interest Income | 525.1K | 615.5K | 3.3M | 3.4M |
Ningbo Fangzheng fundamental ratios Correlations
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Ningbo Fangzheng Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Ningbo Fangzheng Aut at a specified time, usually calculated after every quarter, six months, or one year. Ningbo Fangzheng Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo Fangzheng 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 Ningbo currently owns. An asset can also be divided into two categories, current and non-current.