600084 Stock | | | 6.54 0.15 2.35% |
Citic Guoan financial indicator trend analysis is way more than just evaluating Citic Guoan Wine prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Citic Guoan Wine is a good investment. Please check the relationship between Citic Guoan Change In Working Capital and its Free Cash Flow accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Citic Guoan Wine. 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.
Change In Working Capital vs Free Cash Flow
Change In Working Capital vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Citic Guoan Wine Change In Working Capital account and
Free Cash Flow. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Citic Guoan's Change In Working Capital and Free Cash Flow is 0.95. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Citic Guoan Wine, assuming nothing else is changed. The correlation between historical values of Citic Guoan's Change In Working Capital and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of Citic Guoan Wine are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change In Working Capital i.e., Citic Guoan's Change In Working Capital and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from Citic Guoan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Citic Guoan Wine 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 Citic Guoan Wine. 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 December 13, 2024,
Selling General Administrative is expected to decline to about 43.4
M. In addition to that,
Tax Provision is expected to decline to about 33.8
KCitic Guoan fundamental ratios Correlations
Click cells to compare fundamentals
Citic Guoan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Citic Guoan fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Citic Stock
Balance Sheet is a snapshot of the
financial position of Citic Guoan Wine at a specified time, usually calculated after every quarter, six months, or one year. Citic Guoan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Citic Guoan 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 Citic currently owns. An asset can also be divided into two categories, current and non-current.