603317 Stock | | | 13.82 0.21 1.54% |
Sichuan Teway financial indicator trend analysis is much more than just breaking down Sichuan Teway Food prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sichuan Teway Food is a good investment. Please check the relationship between Sichuan Teway Retained Earnings and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sichuan Teway Food. 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.
Retained Earnings vs Total Stockholder Equity
Retained Earnings vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sichuan Teway Food Retained Earnings account and
Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sichuan Teway's Retained Earnings and Total Stockholder Equity is 0.98. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Sichuan Teway Food, assuming nothing else is changed. The correlation between historical values of Sichuan Teway's Retained Earnings and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Sichuan Teway Food are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Retained Earnings i.e., Sichuan Teway's Retained Earnings and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
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.
Most indicators from Sichuan Teway's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sichuan Teway Food 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 Sichuan Teway Food. 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 November 29, 2024,
Tax Provision is expected to decline to about 53.2
M. In addition to that,
Selling General Administrative is expected to decline to about 376.2
MSichuan Teway fundamental ratios Correlations
Click cells to compare fundamentals
Sichuan Teway Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sichuan Teway fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Sichuan Stock
Balance Sheet is a snapshot of the
financial position of Sichuan Teway Food at a specified time, usually calculated after every quarter, six months, or one year. Sichuan Teway Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sichuan Teway 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 Sichuan currently owns. An asset can also be divided into two categories, current and non-current.