Xiamen Property Plant And Equipment Net vs Non Current Assets Total Analysis

301028 Stock   11.57  0.22  1.94%   
Xiamen East financial indicator trend analysis is more than just analyzing Xiamen East Asia current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen East Asia is a good investment. Please check the relationship between Xiamen East Property Plant And Equipment Net and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen East Asia. 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.

Property Plant And Equipment Net vs Non Current Assets Total

Property Plant And Equipment Net vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiamen East Asia Property Plant And Equipment Net account and Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Xiamen East's Property Plant And Equipment Net and Non Current Assets Total is 0.67. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Xiamen East Asia, assuming nothing else is changed. The correlation between historical values of Xiamen East's Property Plant And Equipment Net and Non Current Assets Total 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 Xiamen East Asia are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Property Plant And Equipment Net i.e., Xiamen East's Property Plant And Equipment Net and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.67
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Xiamen East's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen East Asia 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 Xiamen East Asia. 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 22.1 M, whereas Selling General Administrative is forecasted to decline to about 39 M.
 2021 2022 2023 2024 (projected)
Gross Profit297.7M255.1M289.4M279.6M
Total Revenue893.2M794.9M958.6M886.6M

Xiamen East fundamental ratios Correlations

-0.760.991.00.990.90.930.890.680.980.990.950.910.870.991.0-0.570.950.990.860.830.30.77-0.57
-0.76-0.78-0.76-0.8-0.73-0.75-0.63-0.46-0.88-0.69-0.61-0.59-0.93-0.77-0.760.44-0.76-0.69-0.7-0.52-0.12-0.490.44
0.99-0.780.980.990.950.860.940.760.970.990.960.860.91.00.98-0.640.890.990.770.80.420.83-0.64
1.0-0.760.980.980.870.940.880.650.970.990.940.920.860.981.0-0.550.960.990.880.830.260.75-0.55
0.99-0.80.990.980.910.880.920.70.980.970.960.830.880.990.98-0.580.910.970.80.860.380.81-0.58
0.9-0.730.950.870.910.690.950.820.90.920.910.740.90.950.88-0.690.740.920.580.660.570.85-0.68
0.93-0.750.860.940.880.690.660.420.910.880.780.940.80.860.94-0.41.00.880.990.73-0.060.51-0.4
0.89-0.630.940.880.920.950.660.830.860.930.970.680.770.950.88-0.650.70.930.540.820.670.93-0.65
0.68-0.460.760.650.70.820.420.830.660.730.780.520.60.760.65-0.950.470.730.310.640.820.94-0.95
0.98-0.880.970.970.980.90.910.860.660.950.890.850.950.970.97-0.580.930.950.840.750.270.72-0.58
0.99-0.690.990.990.970.920.880.930.730.950.970.90.840.990.99-0.610.911.00.80.840.390.82-0.61
0.95-0.610.960.940.960.910.780.970.780.890.970.790.750.960.94-0.620.810.970.680.90.540.9-0.62
0.91-0.590.860.920.830.740.940.680.520.850.90.790.760.860.91-0.490.950.90.930.650.030.54-0.48
0.87-0.930.90.860.880.90.80.770.60.950.840.750.760.890.86-0.530.830.840.740.530.230.6-0.53
0.99-0.771.00.980.990.950.860.950.760.970.990.960.860.890.98-0.640.890.990.770.810.430.84-0.64
1.0-0.760.981.00.980.880.940.880.650.970.990.940.910.860.98-0.550.960.990.880.840.270.75-0.55
-0.570.44-0.64-0.55-0.58-0.69-0.4-0.65-0.95-0.58-0.61-0.62-0.49-0.53-0.64-0.55-0.44-0.61-0.31-0.52-0.69-0.821.0
0.95-0.760.890.960.910.741.00.70.470.930.910.810.950.830.890.96-0.440.910.980.73-0.010.55-0.44
0.99-0.690.990.990.970.920.880.930.730.951.00.970.90.840.990.99-0.610.910.80.840.390.82-0.61
0.86-0.70.770.880.80.580.990.540.310.840.80.680.930.740.770.88-0.310.980.80.64-0.20.38-0.31
0.83-0.520.80.830.860.660.730.820.640.750.840.90.650.530.810.84-0.520.730.840.640.460.83-0.52
0.3-0.120.420.260.380.57-0.060.670.820.270.390.540.030.230.430.27-0.69-0.010.39-0.20.460.83-0.69
0.77-0.490.830.750.810.850.510.930.940.720.820.90.540.60.840.75-0.820.550.820.380.830.83-0.82
-0.570.44-0.64-0.55-0.58-0.68-0.4-0.65-0.95-0.58-0.61-0.62-0.48-0.53-0.64-0.551.0-0.44-0.61-0.31-0.52-0.69-0.82
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Xiamen East Account Relationship Matchups

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Other Information on Investing in Xiamen Stock

Balance Sheet is a snapshot of the financial position of Xiamen East Asia at a specified time, usually calculated after every quarter, six months, or one year. Xiamen East Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xiamen East 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 Xiamen currently owns. An asset can also be divided into two categories, current and non-current.