| 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 Total Current Assets and its Other Current Assets 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.
Total Current Assets vs Other Current Assets
Total Current Assets vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lutian Machinery Total Current Assets account and
Other Current Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Lutian Machinery's Total Current Assets and Other Current Assets is -0.78. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Current Assets 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 Total Current Assets and Other Current 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 Total Current Assets of Lutian Machinery Co are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Current Assets i.e., Lutian Machinery's Total Current Assets and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.78 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
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.