| 605259 Stock | | | 15.38 0.04 0.26% |
Lutian Machinery financial indicator trend analysis is infinitely more than just investigating Lutian Machinery recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lutian Machinery is a good investment. Please check the relationship between Lutian Machinery Retained Earnings and its Cash And Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Lutian Machinery 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.
Retained Earnings vs Cash And Short Term Investments
Retained Earnings vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lutian Machinery Retained Earnings account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Lutian Machinery's Retained Earnings and Cash And Short Term Investments is 0.91. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Lutian Machinery Co, assuming nothing else is changed. The correlation between historical values of Lutian Machinery's Retained Earnings and Cash And Short Term Investments 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 Lutian Machinery Co are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Retained Earnings i.e., Lutian Machinery's Retained Earnings and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.91 |
| 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.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Lutian Machinery balance sheet. This account contains Lutian Machinery investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Lutian Machinery Co fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Lutian Machinery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lutian Machinery 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 Lutian Machinery 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.
The current year's
Selling General Administrative is expected to grow to about 70.5
M, whereas
Tax Provision is forecasted to decline to about 21.6
M.
Lutian Machinery fundamental ratios Correlations
Click cells to compare fundamentals
Lutian Machinery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lutian Machinery fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Lutian Stock
Balance Sheet is a snapshot of the
financial position of Lutian Machinery at a specified time, usually calculated after every quarter, six months, or one year. Lutian Machinery Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Lutian Machinery 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 Lutian currently owns. An asset can also be divided into two categories, current and non-current.