Zhuzhou Inventory vs Deferred Long Term Liab Analysis
688187 Stock | 47.30 0.20 0.42% |
Zhuzhou CRRC financial indicator trend analysis is more than just analyzing Zhuzhou CRRC Times current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhuzhou CRRC Times is a good investment. Please check the relationship between Zhuzhou CRRC Inventory and its Deferred Long Term Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhuzhou CRRC Times. 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.
Inventory vs Deferred Long Term Liab
Inventory vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhuzhou CRRC Times Inventory account and Deferred Long Term Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Zhuzhou CRRC's Inventory and Deferred Long Term Liab is 0.93. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Zhuzhou CRRC Times, assuming nothing else is changed. The correlation between historical values of Zhuzhou CRRC's Inventory and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Zhuzhou CRRC Times are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Inventory i.e., Zhuzhou CRRC's Inventory and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Inventory
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.Most indicators from Zhuzhou CRRC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhuzhou CRRC Times 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 Zhuzhou CRRC Times. 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. At present, Zhuzhou CRRC's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 9.3 B, whereas Tax Provision is forecasted to decline to about 202.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 68.4M | 179.8M | 209.5M | 220.0M | Tax Provision | 88.5M | 349.6M | 209.5M | 202.1M |
Zhuzhou CRRC fundamental ratios Correlations
Click cells to compare fundamentals
Zhuzhou CRRC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
Other Information on Investing in Zhuzhou Stock
Balance Sheet is a snapshot of the financial position of Zhuzhou CRRC Times at a specified time, usually calculated after every quarter, six months, or one year. Zhuzhou CRRC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhuzhou CRRC 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 Zhuzhou currently owns. An asset can also be divided into two categories, current and non-current.