Xiangyu Other Current Assets vs Common Stock Shares Outstanding Analysis

688626 Stock   34.38  1.05  3.15%   
Xiangyu Medical financial indicator trend analysis is more than just analyzing Xiangyu Medical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiangyu Medical is a good investment. Please check the relationship between Xiangyu Medical Other Current Assets and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiangyu Medical 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.

Other Current Assets vs Common Stock Shares Outstanding

Other Current Assets vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiangyu Medical Other Current Assets account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Xiangyu Medical's Other Current Assets and Common Stock Shares Outstanding is 0.89. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Xiangyu Medical Co, assuming nothing else is changed. The correlation between historical values of Xiangyu Medical's Other Current Assets and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Xiangyu Medical Co are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Other Current Assets i.e., Xiangyu Medical's Other Current Assets and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Xiangyu Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiangyu Medical 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 Xiangyu Medical 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.
As of December 11, 2024, Tax Provision is expected to decline to about 15 M. In addition to that, Selling General Administrative is expected to decline to about 143 M
 2021 2022 2023 2024 (projected)
Net Interest Income24.0M26.6M29.8M21.5M
Tax Provision23.2M9.7M15.7M15.0M

Xiangyu Medical fundamental ratios Correlations

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-0.83-0.74-0.84-0.89-0.59-0.89-0.71-0.2-0.89-0.77-0.73-0.61-0.71-0.75-0.85-0.81-0.77-0.77-0.81-0.61-0.610.790.520.48
0.9-0.740.870.930.960.760.860.390.840.890.950.960.931.00.880.750.890.650.840.920.93-0.79-0.7-0.58
1.0-0.840.870.960.850.960.820.20.930.980.910.870.840.891.00.950.980.911.00.810.82-0.97-0.62-0.52
0.97-0.890.930.960.870.90.880.350.970.960.960.890.890.940.970.860.960.790.940.890.89-0.88-0.71-0.59
0.88-0.590.960.850.870.710.820.340.770.890.940.990.890.970.860.730.890.640.840.930.93-0.79-0.67-0.52
0.95-0.890.760.960.90.710.730.070.890.90.790.730.750.770.960.980.90.970.970.650.65-0.97-0.5-0.47
0.84-0.710.860.820.880.820.730.710.860.880.90.870.980.880.820.670.880.590.790.90.9-0.74-0.95-0.9
0.23-0.20.390.20.350.340.070.710.410.360.470.420.610.410.2-0.040.36-0.130.140.60.6-0.06-0.89-0.85
0.94-0.890.840.930.970.770.890.860.410.950.920.810.840.870.940.810.950.750.910.860.86-0.84-0.74-0.61
0.98-0.770.890.980.960.890.90.880.360.950.960.920.890.920.980.881.00.820.970.90.91-0.92-0.74-0.61
0.93-0.730.950.910.960.940.790.90.470.920.960.960.920.970.920.750.960.660.890.980.98-0.81-0.79-0.62
0.9-0.610.960.870.890.990.730.870.420.810.920.960.930.970.870.740.920.650.860.950.95-0.81-0.74-0.61
0.87-0.710.930.840.890.890.750.980.610.840.890.920.930.930.850.720.890.630.820.910.91-0.79-0.89-0.84
0.92-0.751.00.890.940.970.770.880.410.870.920.970.970.930.890.750.920.660.860.940.95-0.8-0.73-0.59
1.0-0.850.881.00.970.860.960.820.20.940.980.920.870.850.890.950.980.911.00.820.82-0.97-0.62-0.53
0.94-0.810.750.950.860.730.980.67-0.040.810.880.750.740.720.750.950.880.990.970.610.62-0.99-0.42-0.4
0.98-0.770.890.980.960.890.90.880.360.951.00.960.920.890.920.980.880.820.970.90.91-0.92-0.74-0.61
0.89-0.770.650.910.790.640.970.59-0.130.750.820.660.650.630.660.910.990.820.930.50.51-0.97-0.33-0.33
0.99-0.810.841.00.940.840.970.790.140.910.970.890.860.820.861.00.970.970.930.780.79-0.98-0.58-0.49
0.84-0.610.920.810.890.930.650.90.60.860.90.980.950.910.940.820.610.90.50.781.0-0.68-0.84-0.66
0.85-0.610.930.820.890.930.650.90.60.860.910.980.950.910.950.820.620.910.510.791.0-0.69-0.85-0.67
-0.960.79-0.79-0.97-0.88-0.79-0.97-0.74-0.06-0.84-0.92-0.81-0.81-0.79-0.8-0.97-0.99-0.92-0.97-0.98-0.68-0.690.510.48
-0.640.52-0.7-0.62-0.71-0.67-0.5-0.95-0.89-0.74-0.74-0.79-0.74-0.89-0.73-0.62-0.42-0.74-0.33-0.58-0.84-0.850.510.94
-0.540.48-0.58-0.52-0.59-0.52-0.47-0.9-0.85-0.61-0.61-0.62-0.61-0.84-0.59-0.53-0.4-0.61-0.33-0.49-0.66-0.670.480.94
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Xiangyu Medical Account Relationship Matchups

Currently Active Assets on Macroaxis

Other Information on Investing in Xiangyu Stock

Balance Sheet is a snapshot of the financial position of Xiangyu Medical at a specified time, usually calculated after every quarter, six months, or one year. Xiangyu Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xiangyu Medical 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 Xiangyu currently owns. An asset can also be divided into two categories, current and non-current.