601801 Stock | | | 7.29 0.13 1.75% |
Anhui Xinhua financial indicator trend analysis is way more than just evaluating Anhui Xinhua Media prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anhui Xinhua Media is a good investment. Please check the relationship between Anhui Xinhua Net Receivables and its Other Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Anhui Xinhua Media. 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Anhui Xinhua Media Net Receivables account and
Other Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Anhui Xinhua's Net Receivables and Other Assets is -0.18. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Other Assets in the same time period over historical financial statements of Anhui Xinhua Media, assuming nothing else is changed. The correlation between historical values of Anhui Xinhua's Net Receivables and Other 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 Net Receivables of Anhui Xinhua Media are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Net Receivables i.e., Anhui Xinhua's Net Receivables and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.18 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Most indicators from Anhui Xinhua's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anhui Xinhua Media 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 Anhui Xinhua Media. 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.
As of December 22, 2024,
Selling General Administrative is expected to decline to about 289.3
M. The current year's
Tax Provision is expected to grow to about (109.1
M)
Balance Sheet is a snapshot of the
financial position of Anhui Xinhua Media at a specified time, usually calculated after every quarter, six months, or one year. Anhui Xinhua Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Anhui Xinhua 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 Anhui currently owns. An asset can also be divided into two categories, current and non-current.