601636 Stock | | | 5.98 0.03 0.50% |
Zhuzhou Kibing financial indicator trend analysis is more than just analyzing Zhuzhou Kibing Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhuzhou Kibing Group is a good investment. Please check the relationship between Zhuzhou Kibing Total Assets and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhuzhou Kibing Group. 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 Total Stockholder Equity
Total Assets vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhuzhou Kibing Group Total Assets account and
Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Zhuzhou Kibing's Total Assets and Total Stockholder Equity is 0.94. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Zhuzhou Kibing Group, assuming nothing else is changed. The correlation between historical values of Zhuzhou Kibing's Total Assets and Total Stockholder Equity 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 Zhuzhou Kibing Group are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Assets i.e., Zhuzhou Kibing's Total Assets and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Zhuzhou Kibing 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 Zhuzhou Kibing Group 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.
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Zhuzhou Kibing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhuzhou Kibing Group 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 Zhuzhou Kibing Group. 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 286
M, whereas
Selling General Administrative is forecasted to decline to about 222.2
M.
Zhuzhou Kibing fundamental ratios Correlations
Click cells to compare fundamentals
Zhuzhou Kibing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhuzhou Kibing fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Zhuzhou Stock
Balance Sheet is a snapshot of the
financial position of Zhuzhou Kibing Group at a specified time, usually calculated after every quarter, six months, or one year. Zhuzhou Kibing Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhuzhou Kibing 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 Zhuzhou currently owns. An asset can also be divided into two categories, current and non-current.