| 600084 Stock | | | 5.16 0.02 0.39% |
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 Total Assets and its Total Liab 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.
Total Assets vs Total Liab
Total Assets vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Citic Guoan Wine Total Assets account and
Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Citic Guoan's Total Assets and Total Liab is 0.65. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Liab 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 Total Assets and Total Liab 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 Assets of Citic Guoan Wine are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Total Assets i.e., Citic Guoan's Total Assets and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.65 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Citic Guoan assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Citic Guoan Wine books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
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 January 18, 2025,
Selling General Administrative is expected to decline to about 39.1
M. In addition to that,
Tax Provision is expected to decline to about 30.5
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.