YiDong Total Current Assets vs Total Revenue Analysis
301123 Stock | 20.57 0.46 2.19% |
YiDong Electronics financial indicator trend analysis is more than just analyzing YiDong Electronics current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether YiDong Electronics is a good investment. Please check the relationship between YiDong Electronics Total Current Assets and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in YiDong Electronics 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 nation.
Total Current Assets vs Total Revenue
Total Current Assets vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of YiDong Electronics Total Current Assets account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between YiDong Electronics' Total Current Assets and Total Revenue is 0.85. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Revenue in the same time period over historical financial statements of YiDong Electronics Technology, assuming nothing else is changed. The correlation between historical values of YiDong Electronics' Total Current Assets and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of YiDong Electronics Technology are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Current Assets i.e., YiDong Electronics' Total Current Assets and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Total Revenue
Total revenue comprises all receipts YiDong Electronics generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from YiDong Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into YiDong 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 YiDong Electronics 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 nation. The current year's Tax Provision is expected to grow to about (16.6 M). In addition to that, Selling General Administrative is expected to decline to about 57.2 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 7.2M | 2.0M | 1.4M | 1.4M | Interest Income | 698.2K | 42.8M | 34.5M | 18.7M |
YiDong Electronics fundamental ratios Correlations
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YiDong Electronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of YiDong Electronics at a specified time, usually calculated after every quarter, six months, or one year. YiDong Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of YiDong Electronics 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 YiDong currently owns. An asset can also be divided into two categories, current and non-current.