Xiangyu Total Assets vs Total Current Assets Analysis

688626 Stock   33.33  1.64  5.18%   
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 Total Assets and its Total Current Assets 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.

Total Assets vs Total Current Assets

Total Assets vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiangyu Medical Total Assets account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Xiangyu Medical's Total Assets and Total Current Assets is 0.94. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Assets 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 Total Assets 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 Assets of Xiangyu Medical 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 Assets i.e., Xiangyu Medical's Total Assets and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Xiangyu Medical assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Xiangyu Medical books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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 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

-0.830.91.00.970.880.950.840.230.940.980.930.90.870.921.00.940.980.890.990.840.85-0.96-0.64-0.54
-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.