603398 Stock | | | 20.99 0.37 1.73% |
Guangdong Banbao financial indicator trend analysis is much more than just examining Guangdong Banbao Toy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Banbao Toy is a good investment. Please check the relationship between Guangdong Banbao Inventory and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Banbao Toy. 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.
Inventory vs Total Stockholder Equity
Inventory vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guangdong Banbao Toy Inventory account and
Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Guangdong Banbao's Inventory and Total Stockholder Equity is 0.65. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Guangdong Banbao Toy, assuming nothing else is changed. The correlation between historical values of Guangdong Banbao's Inventory 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 Inventory of Guangdong Banbao Toy 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 Inventory i.e., Guangdong Banbao's Inventory and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Inventory
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 Guangdong Banbao's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Banbao Toy 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 Guangdong Banbao Toy. 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 January 21, 2025,
Selling General Administrative is expected to decline to about 48.2
M. In addition to that,
Tax Provision is expected to decline to about 2.7
MGuangdong Banbao fundamental ratios Correlations
Click cells to compare fundamentals
Guangdong Banbao Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guangdong Banbao fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Guangdong Stock
Balance Sheet is a snapshot of the
financial position of Guangdong Banbao Toy at a specified time, usually calculated after every quarter, six months, or one year. Guangdong Banbao Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangdong Banbao 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 Guangdong currently owns. An asset can also be divided into two categories, current and non-current.