603027 Stock | | | 12.81 0.03 0.23% |
Qianhe CondimentFood financial indicator trend analysis is much more than just breaking down Qianhe CondimentFood prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qianhe CondimentFood is a good investment. Please check the relationship between Qianhe CondimentFood Total Stockholder Equity and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Qianhe CondimentFood 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 nation.
Total Stockholder Equity vs Inventory
Total Stockholder Equity vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Qianhe CondimentFood Total Stockholder Equity account and
Inventory. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Qianhe CondimentFood's Total Stockholder Equity and Inventory is 0.98. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Inventory in the same time period over historical financial statements of Qianhe CondimentFood Co, assuming nothing else is changed. The correlation between historical values of Qianhe CondimentFood's Total Stockholder Equity and Inventory 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 Stockholder Equity of Qianhe CondimentFood Co are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Stockholder Equity i.e., Qianhe CondimentFood's Total Stockholder Equity and Inventory go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.
Inventory
Most indicators from Qianhe CondimentFood's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qianhe CondimentFood 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 Qianhe CondimentFood 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 nation.
As of December 26, 2024,
Selling General Administrative is expected to decline to about 251.5
M. In addition to that,
Tax Provision is expected to decline to about 51.5
MQianhe CondimentFood fundamental ratios Correlations
Click cells to compare fundamentals
Qianhe CondimentFood Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Qianhe CondimentFood fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Qianhe Stock
Balance Sheet is a snapshot of the
financial position of Qianhe CondimentFood at a specified time, usually calculated after every quarter, six months, or one year. Qianhe CondimentFood Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Qianhe CondimentFood 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 Qianhe currently owns. An asset can also be divided into two categories, current and non-current.