603008 Stock | | | 18.50 0.33 1.82% |
Xilinmen Furniture financial indicator trend analysis is more than just analyzing Xilinmen Furniture current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xilinmen Furniture is a good investment. Please check the relationship between Xilinmen Furniture Other Current Liab and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xilinmen Furniture 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.
Other Current Liab vs Total Current Assets
Other Current Liab vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xilinmen Furniture Other Current Liab account and
Total Current Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Xilinmen Furniture's Other Current Liab and Total Current Assets is 0.38. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Xilinmen Furniture Co, assuming nothing else is changed. The correlation between historical values of Xilinmen Furniture's Other Current Liab and Total Current 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 Other Current Liab of Xilinmen Furniture Co are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Other Current Liab i.e., Xilinmen Furniture's Other Current Liab and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Current Liab
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.
Most indicators from Xilinmen Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xilinmen Furniture 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 Xilinmen Furniture 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.
The current year's
Selling General Administrative is expected to grow to about 1.6
B, whereas
Tax Provision is forecasted to decline to about 72.5
M.
Xilinmen Furniture fundamental ratios Correlations
Click cells to compare fundamentals
Xilinmen Furniture Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xilinmen Furniture fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Xilinmen Stock
Balance Sheet is a snapshot of the
financial position of Xilinmen Furniture at a specified time, usually calculated after every quarter, six months, or one year. Xilinmen Furniture Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xilinmen Furniture 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 Xilinmen currently owns. An asset can also be divided into two categories, current and non-current.