600123 Stock | | | 8.82 0.30 3.29% |
Shanxi Lanhua financial indicator trend analysis is much more than just breaking down Shanxi Lanhua Sci prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanxi Lanhua Sci is a good investment. Please check the relationship between Shanxi Lanhua Selling General Administrative and its Net Receivables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanxi Lanhua Sci Tech. 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
Shanxi Lanhua Sci Selling General Administrative account and
Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Shanxi Lanhua's Selling General Administrative and Net Receivables is 0.8. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Shanxi Lanhua Sci Tech, assuming nothing else is changed. The correlation between historical values of Shanxi Lanhua's Selling General Administrative and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Shanxi Lanhua Sci Tech are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Selling General Administrative i.e., Shanxi Lanhua's Selling General Administrative and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Most indicators from Shanxi Lanhua's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanxi Lanhua Sci 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 Shanxi Lanhua Sci Tech. 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 14, 2024, Selling General Administrative is expected to decline to about 248.6
M. In addition to that,
Tax Provision is expected to decline to about 611.3
MBalance Sheet is a snapshot of the
financial position of Shanxi Lanhua Sci at a specified time, usually calculated after every quarter, six months, or one year. Shanxi Lanhua Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanxi Lanhua 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 Shanxi currently owns. An asset can also be divided into two categories, current and non-current.