Super Other Current Assets vs Total Current Assets 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 Other Current Assets and its Total Current Assets 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.
Other Current Assets vs Total Current Assets
Other Current Assets vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Super Dragon Enginee Other Current Assets account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Super Dragon's Other Current Assets and Total Current Assets is 0.83. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Current Assets 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 Other Current Assets and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Super Dragon Engineering Plastics are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Other Current Assets i.e., Super Dragon's Other Current Assets and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.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.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
Click cells to compare fundamentals
Super Dragon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Super Stock
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.