| 600543 Stock | | | 4.43 0.04 0.89% |
Gansu Mogao financial indicator trend analysis is much more than just examining Gansu Mogao Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gansu Mogao Industrial is a good investment. Please check the relationship between Gansu Mogao Total Current Assets and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Gansu Mogao Industrial. 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 Current Assets vs Total Assets
Total Current Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Gansu Mogao Industrial Total Current Assets account and
Total Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Gansu Mogao's Total Current Assets and Total Assets is -0.04. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Gansu Mogao Industrial, assuming nothing else is changed. The correlation between historical values of Gansu Mogao's Total Current Assets and Total Assets 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 Current Assets of Gansu Mogao Industrial are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Assets i.e., Gansu Mogao's Total Current Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.04 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Total Assets
Total assets refers to the total amount of Gansu Mogao 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 Gansu Mogao Industrial 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.
Most indicators from Gansu Mogao's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gansu Mogao Industrial 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 Gansu Mogao Industrial. 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 68.6
M, whereas
Tax Provision is forecasted to decline to about 47.3
K.
Gansu Mogao fundamental ratios Correlations
Click cells to compare fundamentals
Gansu Mogao Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gansu Mogao fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Gansu Stock
Balance Sheet is a snapshot of the
financial position of Gansu Mogao Industrial at a specified time, usually calculated after every quarter, six months, or one year. Gansu Mogao Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Gansu Mogao 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 Gansu currently owns. An asset can also be divided into two categories, current and non-current.