605388 Stock | | | 7.65 0.15 2.00% |
JuneYao Dairy financial indicator trend analysis is infinitely more than just investigating JuneYao Dairy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JuneYao Dairy is a good investment. Please check the relationship between JuneYao Dairy Intangible Assets and its Net Working Capital accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in JuneYao Dairy 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.
Intangible Assets vs Net Working Capital
Intangible Assets vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
JuneYao Dairy Intangible Assets account and
Net Working Capital. At this time, the significance of the direction appears to have no relationship.
The correlation between JuneYao Dairy's Intangible Assets and Net Working Capital is 0.06. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of JuneYao Dairy Co, assuming nothing else is changed. The correlation between historical values of JuneYao Dairy's Intangible Assets and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of JuneYao Dairy Co are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Intangible Assets i.e., JuneYao Dairy's Intangible Assets and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.06 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Net Working Capital
Most indicators from JuneYao Dairy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JuneYao Dairy 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 JuneYao Dairy 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 307.8
M, whereas
Tax Provision is forecasted to decline to about 18.1
M.
JuneYao Dairy fundamental ratios Correlations
Click cells to compare fundamentals
JuneYao Dairy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
JuneYao Dairy fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in JuneYao Stock
Balance Sheet is a snapshot of the
financial position of JuneYao Dairy at a specified time, usually calculated after every quarter, six months, or one year. JuneYao Dairy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of JuneYao Dairy 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 JuneYao currently owns. An asset can also be divided into two categories, current and non-current.