Hangzhou Other Current Assets vs Cash Analysis
688109 Stock | 26.81 0.03 0.11% |
Hangzhou Pinming financial indicator trend analysis is much more than just examining Hangzhou Pinming Software latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hangzhou Pinming Software is a good investment. Please check the relationship between Hangzhou Pinming Other Current Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hangzhou Pinming Software. 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.
Other Current Assets vs Cash
Other Current Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hangzhou Pinming Software Other Current Assets account and Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Hangzhou Pinming's Other Current Assets and Cash is 0.38. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Hangzhou Pinming Software, assuming nothing else is changed. The correlation between historical values of Hangzhou Pinming's Other Current Assets and Cash 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 Hangzhou Pinming Software are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Current Assets i.e., Hangzhou Pinming's Other Current Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.Cash
Cash refers to the most liquid asset of Hangzhou Pinming Software, which is listed under current asset account on Hangzhou Pinming Software balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Hangzhou Pinming customers. The amounts must be unrestricted with restricted cash listed in a different Hangzhou Pinming account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Hangzhou Pinming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hangzhou Pinming Software 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 Hangzhou Pinming Software. 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 (1.4 M). In addition to that, Selling General Administrative is expected to decline to about 162.7 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 913.8K | 768.3K | 561.0K | 535.2K | Interest Income | 5.1M | 2.6M | 1.8M | 2.2M |
Hangzhou Pinming fundamental ratios Correlations
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Hangzhou Pinming Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
Other Information on Investing in Hangzhou Stock
Balance Sheet is a snapshot of the financial position of Hangzhou Pinming Software at a specified time, usually calculated after every quarter, six months, or one year. Hangzhou Pinming Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hangzhou Pinming 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 Hangzhou currently owns. An asset can also be divided into two categories, current and non-current.