AVIC Total Revenue vs Total Current Assets 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 Revenue and its Total Current Assets 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 Revenue vs Total Current Assets

Total Revenue vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AVIC UAS Total Revenue account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between AVIC UAS's Total Revenue and Total Current Assets is 0.9. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Current Assets 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 Revenue and Total Current Assets 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 Revenue of AVIC UAS Co are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Revenue i.e., AVIC UAS's Total Revenue and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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 Income3.9M46.9M93.0M97.7M
Tax Provision34.2M35.2M25.4M32.9M

AVIC UAS fundamental ratios Correlations

0.830.911.00.880.990.960.91-0.87-0.860.580.97-0.860.890.921.00.931.01.00.45-0.630.640.65
0.830.930.810.470.780.690.64-0.66-0.660.060.68-0.650.850.910.810.590.840.810.42-0.190.930.23
0.910.930.880.640.890.870.78-0.88-0.880.220.84-0.880.981.00.880.780.910.880.65-0.420.780.45
1.00.810.880.90.990.960.91-0.85-0.840.620.97-0.830.860.91.00.931.01.00.41-0.650.610.67
0.880.470.640.90.910.920.92-0.77-0.780.890.95-0.770.660.680.90.960.870.890.29-0.870.210.87
0.990.780.890.990.910.980.92-0.9-0.90.630.99-0.890.890.910.990.960.990.990.5-0.680.570.7
0.960.690.870.960.920.980.93-0.95-0.950.661.0-0.950.90.90.960.990.950.950.58-0.740.450.76
0.910.640.780.910.920.920.93-0.79-0.820.720.93-0.810.760.80.910.910.910.910.32-0.880.330.9
-0.87-0.66-0.88-0.85-0.77-0.9-0.95-0.791.0-0.45-0.921.0-0.95-0.91-0.85-0.92-0.86-0.84-0.820.58-0.47-0.6
-0.86-0.66-0.88-0.84-0.78-0.9-0.95-0.821.0-0.46-0.921.0-0.95-0.91-0.84-0.92-0.86-0.84-0.80.62-0.44-0.64
0.580.060.220.620.890.630.660.72-0.45-0.460.7-0.460.250.270.620.750.580.62-0.04-0.88-0.20.86
0.970.680.840.970.950.991.00.93-0.92-0.920.7-0.920.870.870.970.990.960.970.53-0.750.450.76
-0.86-0.65-0.88-0.83-0.77-0.89-0.95-0.811.01.0-0.46-0.92-0.94-0.91-0.84-0.92-0.85-0.83-0.810.62-0.44-0.64
0.890.850.980.860.660.890.90.76-0.95-0.950.250.87-0.940.990.860.830.880.860.77-0.430.70.47
0.920.911.00.90.680.910.90.8-0.91-0.910.270.87-0.910.990.90.820.920.90.67-0.450.750.49
1.00.810.881.00.90.990.960.91-0.85-0.840.620.97-0.840.860.90.931.01.00.41-0.660.610.67
0.930.590.780.930.960.960.990.91-0.92-0.920.750.99-0.920.830.820.930.920.930.54-0.780.350.79
1.00.840.911.00.870.990.950.91-0.86-0.860.580.96-0.850.880.921.00.921.00.44-0.630.640.65
1.00.810.881.00.890.990.950.91-0.84-0.840.620.97-0.830.860.91.00.931.00.4-0.650.620.67
0.450.420.650.410.290.50.580.32-0.82-0.8-0.040.53-0.810.770.670.410.540.440.4-0.130.360.15
-0.63-0.19-0.42-0.65-0.87-0.68-0.74-0.880.580.62-0.88-0.750.62-0.43-0.45-0.66-0.78-0.63-0.65-0.130.15-1.0
0.640.930.780.610.210.570.450.33-0.47-0.44-0.20.45-0.440.70.750.610.350.640.620.360.15-0.12
0.650.230.450.670.870.70.760.9-0.6-0.640.860.76-0.640.470.490.670.790.650.670.15-1.0-0.12
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AVIC UAS Account Relationship Matchups

Currently Active Assets on Macroaxis

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.