| 688150 Stock | | | 21.26 0.16 0.76% |
Shaanxi Lighte financial indicator trend analysis is much more than just breaking down Shaanxi Lighte Optoe prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shaanxi Lighte Optoe is a good investment. Please check the relationship between Shaanxi Lighte Non Current Liabilities Other and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shaanxi Lighte Optoelectronics. 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 overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shaanxi Lighte Optoe Non Current Liabilities Other account and
Inventory. At this time, the significance of the direction appears to have very week relationship.
The correlation between Shaanxi Lighte's Non Current Liabilities Other and Inventory is 0.28. Overlapping area represents the amount of variation of Non Current Liabilities Other that can explain the historical movement of Inventory in the same time period over historical financial statements of Shaanxi Lighte Optoelectronics, assuming nothing else is changed. The correlation between historical values of Shaanxi Lighte's Non Current Liabilities Other and Inventory 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 Other of Shaanxi Lighte Optoelectronics are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Non Current Liabilities Other i.e., Shaanxi Lighte's Non Current Liabilities Other and Inventory go up and down completely randomly.
Correlation Coefficient | 0.28 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Most indicators from Shaanxi Lighte's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shaanxi Lighte Optoe 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 Shaanxi Lighte Optoelectronics. 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 9.1
M, whereas
Selling General Administrative is forecasted to decline to about 27.1
M.
Balance Sheet is a snapshot of the
financial position of Shaanxi Lighte Optoe at a specified time, usually calculated after every quarter, six months, or one year. Shaanxi Lighte Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shaanxi Lighte 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 Shaanxi currently owns. An asset can also be divided into two categories, current and non-current.