| 301359 Stock | | | 23.90 0.10 0.42% |
Dongnan Electronics financial indicator trend analysis is much more than just examining Dongnan Electronics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dongnan Electronics is a good investment. Please check the relationship between Dongnan Electronics Total Current Liabilities and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Dongnan Electronics Co. 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 Liabilities vs Operating Income
Total Current Liabilities vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dongnan Electronics Total Current Liabilities account and
Operating Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Dongnan Electronics' Total Current Liabilities and Operating Income is 0.85. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Operating Income in the same time period over historical financial statements of Dongnan Electronics Co, assuming nothing else is changed. The correlation between historical values of Dongnan Electronics' Total Current Liabilities and Operating Income 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 Liabilities of Dongnan Electronics Co are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Current Liabilities i.e., Dongnan Electronics' Total Current Liabilities and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on Dongnan Electronics balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Dongnan Electronics Co are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Operating Income
Operating Income is the amount of profit realized from Dongnan Electronics operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Dongnan Electronics Co is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Dongnan Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dongnan 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 Dongnan Electronics Co. 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 5.2
M, whereas
Selling General Administrative is forecasted to decline to about 9.6
M.
Dongnan Electronics fundamental ratios Correlations
Click cells to compare fundamentals
Dongnan Electronics 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 Dongnan Stock
Balance Sheet is a snapshot of the
financial position of Dongnan Electronics at a specified time, usually calculated after every quarter, six months, or one year. Dongnan Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dongnan 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 Dongnan currently owns. An asset can also be divided into two categories, current and non-current.