Super Inventory vs Net Receivables Analysis
301131 Stock | 37.29 0.84 2.30% |
Super Dragon financial indicator trend analysis is much more than just breaking down Super Dragon Enginee prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Super Dragon Enginee is a good investment. Please check the relationship between Super Dragon Inventory and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Super Dragon Engineering Plastics. 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.
Inventory vs Net Receivables
Inventory vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Super Dragon Enginee Inventory account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Super Dragon's Inventory and Net Receivables is 0.95. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Super Dragon Engineering Plastics, assuming nothing else is changed. The correlation between historical values of Super Dragon's Inventory and Net Receivables 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 Super Dragon Engineering Plastics are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Inventory i.e., Super Dragon's Inventory and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Inventory
Net Receivables
Most indicators from Super Dragon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Super Dragon Enginee 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 Super Dragon Engineering Plastics. 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. As of November 28, 2024, Tax Provision is expected to decline to about 4.5 M. In addition to that, Selling General Administrative is expected to decline to about 23.8 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 20.3M | 17.2M | 15.8M | 25.0M | Interest Income | 896.5K | 2.4M | 2.4M | 2.0M |
Super Dragon fundamental ratios Correlations
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Super Dragon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Super Dragon Enginee at a specified time, usually calculated after every quarter, six months, or one year. Super Dragon Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Super Dragon 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 Super currently owns. An asset can also be divided into two categories, current and non-current.