| 603115 Stock | | | 14.43 0.07 0.48% |
Nantong Haixing financial indicator trend analysis is infinitely more than just investigating Nantong Haixing Elec recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nantong Haixing Elec is a good investment. Please check the relationship between Nantong Haixing Net Receivables and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Nantong Haixing Electronics. 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.
Net Receivables vs Total Assets
Net Receivables vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nantong Haixing Elec Net Receivables account and
Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nantong Haixing's Net Receivables and Total Assets is 0.86. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Assets in the same time period over historical financial statements of Nantong Haixing Electronics, assuming nothing else is changed. The correlation between historical values of Nantong Haixing's Net Receivables and Total 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 Nantong Haixing Electronics are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Receivables i.e., Nantong Haixing's Net Receivables and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Receivables
Total Assets
Total assets refers to the total amount of Nantong Haixing 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 Nantong Haixing Elec 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.
Most indicators from Nantong Haixing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nantong Haixing Elec 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 Nantong Haixing Electronics. 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 35.2
M, whereas
Tax Provision is forecasted to decline to about 23.2
M.
Nantong Haixing fundamental ratios Correlations
Click cells to compare fundamentals
Nantong Haixing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nantong Haixing fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Nantong Stock
Balance Sheet is a snapshot of the
financial position of Nantong Haixing Elec at a specified time, usually calculated after every quarter, six months, or one year. Nantong Haixing Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nantong Haixing 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 Nantong currently owns. An asset can also be divided into two categories, current and non-current.