601598 Stock | | | 5.23 0.12 2.24% |
Sinotrans financial indicator trend analysis is much more than just breaking down Sinotrans Class prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinotrans Class is a good investment. Please check the relationship between Sinotrans Total Assets and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinotrans Ltd Class. 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 Assets vs Selling General Administrative
Total Assets vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sinotrans Class Total Assets account and
Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sinotrans' Total Assets and Selling General Administrative is 0.7. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Sinotrans Ltd Class, assuming nothing else is changed. The correlation between historical values of Sinotrans' Total Assets and Selling General Administrative 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 Assets of Sinotrans Ltd Class are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Assets i.e., Sinotrans' Total Assets and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.7 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Sinotrans 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 Sinotrans Class 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.
Selling General Administrative
Most indicators from Sinotrans' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinotrans Class 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 Sinotrans Ltd Class. 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 1.1
B, whereas
Tax Provision is forecasted to decline to about 818.9
M.
Sinotrans fundamental ratios Correlations
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Sinotrans Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sinotrans fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Sinotrans Stock
Balance Sheet is a snapshot of the
financial position of Sinotrans Class at a specified time, usually calculated after every quarter, six months, or one year. Sinotrans Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sinotrans 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 Sinotrans currently owns. An asset can also be divided into two categories, current and non-current.