Zhongyin Non Current Liabilities Total vs Property Plant And Equipment Net Analysis
605338 Stock | 18.41 0.54 3.02% |
Zhongyin Babi financial indicator trend analysis is more than just analyzing Zhongyin Babi Food current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhongyin Babi Food is a good investment. Please check the relationship between Zhongyin Babi Non Current Liabilities Total and its Property Plant And Equipment Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhongyin Babi 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 nation.
Non Current Liabilities Total vs Property Plant And Equipment Net
Non Current Liabilities Total vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhongyin Babi Food Non Current Liabilities Total account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Zhongyin Babi's Non Current Liabilities Total and Property Plant And Equipment Net is 0.94. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Zhongyin Babi Food, assuming nothing else is changed. The correlation between historical values of Zhongyin Babi's Non Current Liabilities Total and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Zhongyin Babi Food are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Non Current Liabilities Total i.e., Zhongyin Babi's Non Current Liabilities Total and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Current Liabilities Total
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most indicators from Zhongyin Babi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhongyin Babi 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 Zhongyin Babi 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 nation. The current year's Tax Provision is expected to grow to about 77.8 M, whereas Selling General Administrative is forecasted to decline to about 110.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 40.5M | 31.9M | 37.5M | 32.6M | Tax Provision | 104.9M | 69.7M | 66.7M | 77.8M |
Zhongyin Babi fundamental ratios Correlations
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Zhongyin Babi Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Zhongyin Stock
Balance Sheet is a snapshot of the financial position of Zhongyin Babi Food at a specified time, usually calculated after every quarter, six months, or one year. Zhongyin Babi Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhongyin Babi 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 Zhongyin currently owns. An asset can also be divided into two categories, current and non-current.