Chongqing Non Currrent Assets Other vs Non Current Assets Total Analysis
301121 Stock | 53.34 1.82 3.30% |
Chongqing VDL financial indicator trend analysis is way more than just evaluating Chongqing VDL Electronics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing VDL Electronics is a good investment. Please check the relationship between Chongqing VDL Non Currrent Assets Other and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing VDL Electronics. 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.
Non Currrent Assets Other vs Non Current Assets Total
Non Currrent Assets Other vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing VDL Electronics Non Currrent Assets Other account and Non Current Assets Total. At this time, the significance of the direction appears to have totally related.
The correlation between Chongqing VDL's Non Currrent Assets Other and Non Current Assets Total is 0.99. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Chongqing VDL Electronics, assuming nothing else is changed. The correlation between historical values of Chongqing VDL's Non Currrent Assets Other 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 Non Currrent Assets Other of Chongqing VDL Electronics 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 Non Currrent Assets Other i.e., Chongqing VDL's Non Currrent Assets Other and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.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 Chongqing VDL's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing VDL Electronics 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 Chongqing VDL Electronics. 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 (11.2 M). In addition to that, Selling General Administrative is expected to decline to about 43.9 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.1M | 9.3M | 13.0M | 13.6M | Interest Income | 106.3K | 2.0M | 9.2M | 9.6M |
Chongqing VDL fundamental ratios Correlations
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Chongqing VDL Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Chongqing VDL Electronics at a specified time, usually calculated after every quarter, six months, or one year. Chongqing VDL Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing VDL 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 Chongqing currently owns. An asset can also be divided into two categories, current and non-current.