600096 Stock | | | 22.46 0.11 0.49% |
Yunnan Yuntianhua financial indicator trend analysis is more than just analyzing Yunnan Yuntianhua current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yunnan Yuntianhua is a good investment. Please check the relationship between Yunnan Yuntianhua Net Tangible Assets and its Property Plant Equipment accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Yunnan Yuntianhua 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.
Net Tangible Assets vs Property Plant Equipment
Net Tangible Assets vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Yunnan Yuntianhua Net Tangible Assets account and
Property Plant Equipment. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Yunnan Yuntianhua's Net Tangible Assets and Property Plant Equipment is -0.03. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Yunnan Yuntianhua Co, assuming nothing else is changed. The correlation between historical values of Yunnan Yuntianhua's Net Tangible Assets and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Yunnan Yuntianhua Co are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Net Tangible Assets i.e., Yunnan Yuntianhua's Net Tangible Assets and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | -0.03 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Property Plant Equipment
Most indicators from Yunnan Yuntianhua's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yunnan Yuntianhua 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 Yunnan Yuntianhua 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
Selling General Administrative is expected to grow to about 1.9
B, whereas
Tax Provision is forecasted to decline to about 578.9
M.
Yunnan Yuntianhua fundamental ratios Correlations
Click cells to compare fundamentals
Yunnan Yuntianhua Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Yunnan Yuntianhua fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Yunnan Stock
Balance Sheet is a snapshot of the
financial position of Yunnan Yuntianhua at a specified time, usually calculated after every quarter, six months, or one year. Yunnan Yuntianhua Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Yunnan Yuntianhua 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 Yunnan currently owns. An asset can also be divided into two categories, current and non-current.