Sanan Optoelectronics financial indicator trend analysis is much more than just breaking down Sanan Optoelectronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sanan Optoelectronics is a good investment. Please check the relationship between Sanan Optoelectronics Net Income and its Change To Account Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sanan Optoelectronics 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 board of governors.
Net Income vs Change To Account Receivables
Net Income vs Change To Account Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sanan Optoelectronics Net Income account and Change To Account Receivables. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Sanan Optoelectronics' Net Income and Change To Account Receivables is -0.51. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change To Account Receivables in the same time period over historical financial statements of Sanan Optoelectronics Co, assuming nothing else is changed. The correlation between historical values of Sanan Optoelectronics' Net Income and Change To Account 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 Net Income of Sanan Optoelectronics Co are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Net Income i.e., Sanan Optoelectronics' Net Income and Change To Account Receivables go up and down completely randomly.
Net income is one of the most important fundamental items in finance. It plays a large role in Sanan Optoelectronics financial statement analysis. It represents the amount of money remaining after all of Sanan Optoelectronics Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Change To Account Receivables
Most indicators from Sanan Optoelectronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sanan Optoelectronics 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 Sanan Optoelectronics 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 board of governors.
Balance Sheet is a snapshot of the financial position of Sanan Optoelectronics at a specified time, usually calculated after every quarter, six months, or one year. Sanan Optoelectronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sanan Optoelectronics 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 Sanan currently owns. An asset can also be divided into two categories, current and non-current.