Cowealth Selling General Administrative vs Reconciled Depreciation Analysis

603122 Stock   7.50  0.15  2.04%   
Cowealth Medical financial indicator trend analysis is way more than just evaluating Cowealth Medical China prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cowealth Medical China is a good investment. Please check the relationship between Cowealth Medical Selling General Administrative and its Reconciled Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cowealth Medical China. 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.

Selling General Administrative vs Reconciled Depreciation

Selling General Administrative vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cowealth Medical China Selling General Administrative account and Reconciled Depreciation. At this time, the significance of the direction appears to have pay attention.
The correlation between Cowealth Medical's Selling General Administrative and Reconciled Depreciation is -0.9. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Cowealth Medical China, assuming nothing else is changed. The correlation between historical values of Cowealth Medical's Selling General Administrative and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Cowealth Medical China are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Selling General Administrative i.e., Cowealth Medical's Selling General Administrative and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

-0.9
Relationship DirectionNegative 
Relationship StrengthSignificant

Selling General Administrative

Reconciled Depreciation

Most indicators from Cowealth Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cowealth Medical China 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 Cowealth Medical China. 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 20.9 M, whereas Selling General Administrative is forecasted to decline to about 97.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense4.6M4.2M5.9M5.2M
Interest Income4.7M9.1M9.3M6.9M

Cowealth Medical fundamental ratios Correlations

-0.69-0.290.99-0.590.780.950.780.660.73-0.580.980.93-0.670.070.840.5-0.260.99-0.811.00.930.990.670.35-0.92
-0.690.26-0.660.53-0.87-0.64-0.91-0.64-0.730.61-0.77-0.711.0-0.59-0.95-0.580.15-0.690.17-0.66-0.71-0.66-0.53-0.350.8
-0.290.26-0.360.79-0.4-0.050.03-0.69-0.680.6-0.36-0.410.240.3-0.35-0.780.99-0.380.27-0.22-0.41-0.3-0.78-0.690.55
0.99-0.66-0.36-0.580.780.90.70.730.8-0.580.990.96-0.63-0.020.830.6-0.341.0-0.820.970.960.990.690.43-0.94
-0.590.530.79-0.58-0.48-0.38-0.41-0.76-0.660.9-0.61-0.630.530.13-0.55-0.520.76-0.60.5-0.54-0.63-0.53-0.95-0.720.73
0.78-0.87-0.40.78-0.480.760.780.580.79-0.390.850.73-0.870.50.970.77-0.30.81-0.310.760.730.790.480.2-0.84
0.95-0.64-0.050.9-0.380.760.820.390.52-0.340.910.78-0.640.270.80.330.00.9-0.720.970.780.940.420.04-0.77
0.78-0.910.030.7-0.410.780.820.430.51-0.480.790.68-0.920.610.890.290.130.73-0.330.790.680.730.380.1-0.72
0.66-0.64-0.690.73-0.760.580.390.430.94-0.870.740.87-0.58-0.230.660.75-0.690.73-0.530.590.870.660.910.91-0.88
0.73-0.73-0.680.8-0.660.790.520.510.94-0.70.830.88-0.68-0.030.810.91-0.650.82-0.480.670.880.760.80.72-0.93
-0.580.610.6-0.580.9-0.39-0.34-0.48-0.87-0.7-0.62-0.720.580.17-0.55-0.440.59-0.590.48-0.52-0.72-0.52-0.94-0.870.75
0.98-0.77-0.360.99-0.610.850.910.790.740.83-0.620.96-0.750.120.90.62-0.320.99-0.730.970.960.980.70.43-0.96
0.93-0.71-0.410.96-0.630.730.780.680.870.88-0.720.96-0.67-0.080.820.64-0.40.96-0.760.891.00.930.780.63-0.97
-0.671.00.24-0.630.53-0.87-0.64-0.92-0.58-0.680.58-0.75-0.67-0.64-0.94-0.540.12-0.670.14-0.65-0.67-0.63-0.49-0.280.77
0.07-0.590.3-0.020.130.50.270.61-0.23-0.030.170.12-0.08-0.640.480.040.440.030.470.11-0.080.04-0.3-0.48-0.05
0.84-0.95-0.350.83-0.550.970.80.890.660.81-0.550.90.82-0.940.480.69-0.240.86-0.380.820.820.830.570.31-0.9
0.5-0.58-0.780.6-0.520.770.330.290.750.91-0.440.620.64-0.540.040.69-0.720.62-0.240.450.640.560.610.54-0.75
-0.260.150.99-0.340.76-0.30.00.13-0.69-0.650.59-0.32-0.40.120.44-0.24-0.72-0.350.33-0.19-0.4-0.27-0.78-0.730.51
0.99-0.69-0.381.0-0.60.810.90.730.730.82-0.590.990.96-0.670.030.860.62-0.35-0.80.970.960.990.70.42-0.95
-0.810.170.27-0.820.5-0.31-0.72-0.33-0.53-0.480.48-0.73-0.760.140.47-0.38-0.240.33-0.8-0.81-0.76-0.81-0.63-0.40.66
1.0-0.66-0.220.97-0.540.760.970.790.590.67-0.520.970.89-0.650.110.820.45-0.190.97-0.810.890.990.610.27-0.88
0.93-0.71-0.410.96-0.630.730.780.680.870.88-0.720.961.0-0.67-0.080.820.64-0.40.96-0.760.890.930.780.63-0.97
0.99-0.66-0.30.99-0.530.790.940.730.660.76-0.520.980.93-0.630.040.830.56-0.270.99-0.810.990.930.630.34-0.91
0.67-0.53-0.780.69-0.950.480.420.380.910.8-0.940.70.78-0.49-0.30.570.61-0.780.7-0.630.610.780.630.87-0.83
0.35-0.35-0.690.43-0.720.20.040.10.910.72-0.870.430.63-0.28-0.480.310.54-0.730.42-0.40.270.630.340.87-0.62
-0.920.80.55-0.940.73-0.84-0.77-0.72-0.88-0.930.75-0.96-0.970.77-0.05-0.9-0.750.51-0.950.66-0.88-0.97-0.91-0.83-0.62
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Other Information on Investing in Cowealth Stock

Balance Sheet is a snapshot of the financial position of Cowealth Medical China at a specified time, usually calculated after every quarter, six months, or one year. Cowealth Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cowealth Medical 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 Cowealth currently owns. An asset can also be divided into two categories, current and non-current.