| 688108 Stock | | | 11.00 0.21 1.87% |
Sino Medical financial indicator trend analysis is much more than just breaking down Sino Medical Sciences prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sino Medical Sciences is a good investment. Please check the relationship between Sino Medical Change In Cash and its Change To Account Receivables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sino Medical Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sino Medical Sciences Change In Cash account and
Change To Account Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Sino Medical's Change In Cash and Change To Account Receivables is -0.38. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Change To Account Receivables in the same time period over historical financial statements of Sino Medical Sciences, assuming nothing else is changed. The correlation between historical values of Sino Medical's Change In Cash and Change To Account Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of Sino Medical Sciences are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Change In Cash i.e., Sino Medical's Change In Cash and Change To Account Receivables go up and down completely randomly.
Correlation Coefficient | -0.38 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Most indicators from Sino Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sino Medical Sciences 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 Sino Medical Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Tax Provision is expected to grow to about (23.2
M). In addition to that,
Selling General Administrative is expected to decline to about 82.7
MBalance Sheet is a snapshot of the
financial position of Sino Medical Sciences at a specified time, usually calculated after every quarter, six months, or one year. Sino Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sino Medical 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 Sino currently owns. An asset can also be divided into two categories, current and non-current.