688561 Change To Account Receivables vs Net Income Analysis
688561 Stock | 29.94 0.21 0.71% |
Qi An financial indicator trend analysis is much more than just breaking down Qi An Xin prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qi An Xin is a good investment. Please check the relationship between Qi An Change To Account Receivables and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Qi An Xin. 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.
Change To Account Receivables vs Net Income
Change To Account Receivables vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qi An Xin Change To Account Receivables account and Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Qi An's Change To Account Receivables and Net Income is -0.65. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Net Income in the same time period over historical financial statements of Qi An Xin, assuming nothing else is changed. The correlation between historical values of Qi An's Change To Account Receivables and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Qi An Xin are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Change To Account Receivables i.e., Qi An's Change To Account Receivables and Net Income go up and down completely randomly.
Correlation Coefficient | -0.65 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Change To Account Receivables
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Qi An Xin financial statement analysis. It represents the amount of money remaining after all of Qi An Xin operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Qi An's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qi An Xin 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 Qi An Xin. 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 (54.2 M). In addition to that, Selling General Administrative is expected to decline to about 1.9 B
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 30.7M | 16.7M | 33.0M | 20.4M | Interest Income | 65.4M | 20.6M | 15.8M | 23.6M |
Qi An fundamental ratios Correlations
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Qi An Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in 688561 Stock
Balance Sheet is a snapshot of the financial position of Qi An Xin at a specified time, usually calculated after every quarter, six months, or one year. Qi An Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Qi An 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 688561 currently owns. An asset can also be divided into two categories, current and non-current.