AVIC Total Current Liabilities vs Total Revenue Analysis
688297 Stock | 42.13 1.31 3.21% |
AVIC UAS financial indicator trend analysis is way more than just evaluating AVIC UAS prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AVIC UAS is a good investment. Please check the relationship between AVIC UAS Total Current Liabilities and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AVIC UAS 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.
Total Current Liabilities vs Total Revenue
Total Current Liabilities vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AVIC UAS Total Current Liabilities account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between AVIC UAS's Total Current Liabilities and Total Revenue is 0.91. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Revenue in the same time period over historical financial statements of AVIC UAS Co, assuming nothing else is changed. The correlation between historical values of AVIC UAS's Total Current Liabilities and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of AVIC UAS Co are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Current Liabilities i.e., AVIC UAS's Total Current Liabilities and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on AVIC UAS balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of AVIC UAS Co are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Revenue
Total revenue comprises all receipts AVIC UAS generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from AVIC UAS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AVIC UAS 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 AVIC UAS 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 Tax Provision is expected to grow to about 32.9 M, whereas Selling General Administrative is forecasted to decline to about 53.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 3.9M | 46.9M | 93.0M | 97.7M | Tax Provision | 34.2M | 35.2M | 25.4M | 32.9M |
AVIC UAS fundamental ratios Correlations
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AVIC UAS Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in AVIC Stock
Balance Sheet is a snapshot of the financial position of AVIC UAS at a specified time, usually calculated after every quarter, six months, or one year. AVIC UAS Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of AVIC UAS 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 AVIC currently owns. An asset can also be divided into two categories, current and non-current.