688561 Retained Earnings vs Total Current Assets Analysis

688561 Stock   30.35  0.41  1.37%   
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 Retained Earnings and its Total Current Assets 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.

Retained Earnings vs Total Current Assets

Retained Earnings vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qi An Xin Retained Earnings account and Total Current Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Qi An's Retained Earnings and Total Current Assets is -0.92. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Assets 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 Retained Earnings 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 Retained Earnings of Qi An Xin 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 Retained Earnings i.e., Qi An's Retained Earnings and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.92
Relationship DirectionNegative 
Relationship StrengthSignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 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 Expense30.7M16.7M33.0M20.4M
Interest Income65.4M20.6M15.8M23.6M

Qi An fundamental ratios Correlations

-0.920.880.980.970.98-0.950.950.550.96-0.960.520.910.90.960.920.47-0.710.960.90.681.00.990.960.960.93
-0.92-0.92-0.85-0.92-0.850.91-0.95-0.3-0.920.95-0.62-0.91-0.93-0.9-0.9-0.690.77-0.85-0.93-0.87-0.9-0.9-0.9-0.93-0.77
0.88-0.920.770.930.81-0.80.970.220.89-0.870.780.960.950.760.90.7-0.640.811.00.890.850.860.760.960.67
0.98-0.850.770.910.99-0.940.870.670.92-0.930.370.810.80.980.850.33-0.70.950.790.540.990.980.980.890.98
0.97-0.920.930.910.91-0.950.990.360.99-0.970.610.970.980.880.990.65-0.630.960.960.780.950.940.880.990.82
0.98-0.850.810.990.91-0.920.890.680.91-0.910.420.830.810.960.850.31-0.690.940.830.560.990.990.960.90.98
-0.950.91-0.8-0.94-0.95-0.92-0.91-0.42-0.980.99-0.41-0.88-0.91-0.95-0.94-0.590.67-0.97-0.84-0.68-0.94-0.92-0.95-0.92-0.87
0.95-0.950.970.870.990.89-0.910.30.97-0.960.70.980.980.860.970.68-0.680.910.990.830.930.920.861.00.78
0.55-0.30.220.670.360.68-0.420.30.33-0.35-0.230.170.160.610.25-0.42-0.260.520.23-0.010.610.630.610.310.79
0.96-0.920.890.920.990.91-0.980.970.33-0.990.580.960.970.910.980.66-0.680.960.920.730.940.920.910.980.83
-0.960.95-0.87-0.93-0.97-0.910.99-0.96-0.35-0.99-0.55-0.94-0.94-0.94-0.96-0.640.74-0.94-0.9-0.73-0.95-0.93-0.94-0.96-0.85
0.52-0.620.780.370.610.42-0.410.7-0.230.58-0.550.780.670.350.570.61-0.640.380.760.620.480.480.350.690.24
0.91-0.910.960.810.970.83-0.880.980.170.96-0.940.780.980.80.950.73-0.70.870.970.80.880.860.80.990.7
0.9-0.930.950.80.980.81-0.910.980.160.97-0.940.670.980.80.990.8-0.590.90.970.860.860.850.80.980.69
0.96-0.90.760.980.880.96-0.950.860.610.91-0.940.350.80.80.840.39-0.760.920.780.590.970.961.00.870.96
0.92-0.90.90.850.990.85-0.940.970.250.98-0.960.570.950.990.840.74-0.550.950.930.790.890.870.840.970.75
0.47-0.690.70.330.650.31-0.590.68-0.420.66-0.640.610.730.80.390.74-0.330.510.710.850.410.380.390.670.16
-0.710.77-0.64-0.7-0.63-0.690.67-0.68-0.26-0.680.74-0.64-0.7-0.59-0.76-0.55-0.33-0.54-0.63-0.45-0.72-0.71-0.76-0.68-0.66
0.96-0.850.810.950.960.94-0.970.910.520.96-0.940.380.870.90.920.950.51-0.540.850.640.950.940.920.930.9
0.9-0.931.00.790.960.83-0.840.990.230.92-0.90.760.970.970.780.930.71-0.630.850.880.870.870.780.970.69
0.68-0.870.890.540.780.56-0.680.83-0.010.73-0.730.620.80.860.590.790.85-0.450.640.880.640.640.590.790.43
1.0-0.90.850.990.950.99-0.940.930.610.94-0.950.480.880.860.970.890.41-0.720.950.870.641.00.970.940.96
0.99-0.90.860.980.940.99-0.920.920.630.92-0.930.480.860.850.960.870.38-0.710.940.870.641.00.960.930.96
0.96-0.90.760.980.880.96-0.950.860.610.91-0.940.350.80.81.00.840.39-0.760.920.780.590.970.960.870.96
0.96-0.930.960.890.990.9-0.921.00.310.98-0.960.690.990.980.870.970.67-0.680.930.970.790.940.930.870.79
0.93-0.770.670.980.820.98-0.870.780.790.83-0.850.240.70.690.960.750.16-0.660.90.690.430.960.960.960.79
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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.