600039 Stock | | | 7.40 0.16 2.12% |
Sichuan Road financial indicator trend analysis is much more than just breaking down Sichuan Road Bridge prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sichuan Road Bridge is a good investment. Please check the relationship between Sichuan Road Short Term Debt and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sichuan Road Bridge. 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 overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sichuan Road Bridge Short Term Debt account and
Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Sichuan Road's Short Term Debt and Inventory is -0.5. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Inventory in the same time period over historical financial statements of Sichuan Road Bridge, assuming nothing else is changed. The correlation between historical values of Sichuan Road's Short Term Debt and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Sichuan Road Bridge are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Short Term Debt i.e., Sichuan Road's Short Term Debt and Inventory go up and down completely randomly.
Correlation Coefficient | -0.5 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Most indicators from Sichuan Road's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sichuan Road Bridge 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 Sichuan Road Bridge. 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
Selling General Administrative is expected to grow to about 533.4
M, whereas
Tax Provision is forecasted to decline to about 985.2
M.
Balance Sheet is a snapshot of the
financial position of Sichuan Road Bridge at a specified time, usually calculated after every quarter, six months, or one year. Sichuan Road Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sichuan Road 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 Sichuan currently owns. An asset can also be divided into two categories, current and non-current.