601138 Stock | | | 22.02 0.17 0.77% |
Foxconn Industrial financial indicator trend analysis is much more than just examining Foxconn Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Foxconn Industrial is a good investment. Please check the relationship between Foxconn Industrial Total Current Assets and its Non Currrent Assets Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Foxconn Industrial Internet. 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 Non Currrent Assets Other
Total Current Assets vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Foxconn Industrial Total Current Assets account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Foxconn Industrial's Total Current Assets and Non Currrent Assets Other is 0.94. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Foxconn Industrial Internet, assuming nothing else is changed. The correlation between historical values of Foxconn Industrial's Total Current Assets and Non Currrent Assets Other 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 Foxconn Industrial Internet are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Total Current Assets i.e., Foxconn Industrial's Total Current Assets and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Foxconn Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Foxconn 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 Foxconn Industrial Internet. 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
Tax Provision is expected to grow to about 2.1
B, whereas
Selling General Administrative is forecasted to decline to about 1.2
B.
Foxconn Industrial fundamental ratios Correlations
Click cells to compare fundamentals
Foxconn Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Foxconn Industrial fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Foxconn Stock
Balance Sheet is a snapshot of the
financial position of Foxconn Industrial at a specified time, usually calculated after every quarter, six months, or one year. Foxconn Industrial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Foxconn Industrial 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 Foxconn currently owns. An asset can also be divided into two categories, current and non-current.