Zhongyin Other Current Assets vs Non Current Liabilities Other 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 Other Current Assets and its Non Current Liabilities Other 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.
Other Current Assets vs Non Current Liabilities Other
Other Current Assets vs Non Current Liabilities Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhongyin Babi Food Other Current Assets account and Non Current Liabilities Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhongyin Babi's Other Current Assets and Non Current Liabilities Other is 0.64. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Non Current Liabilities Other 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 Other Current Assets and Non Current Liabilities Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Zhongyin Babi Food are associated (or correlated) with its Non Current Liabilities Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Other has no effect on the direction of Other Current Assets i.e., Zhongyin Babi's Other Current Assets and Non Current Liabilities Other go up and down completely randomly.
Correlation Coefficient | 0.64 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.Non Current Liabilities Other
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
Currently Active Assets on Macroaxis
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.