| 688639 Stock | | | 29.49 1.44 4.66% |
Anhui Huaheng financial indicator trend analysis is way more than just evaluating Anhui Huaheng Biotec prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anhui Huaheng Biotec is a good investment. Please check the relationship between Anhui Huaheng Retained Earnings and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Anhui Huaheng Biotechnology. 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 Assets
Retained Earnings vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Anhui Huaheng Biotec Retained Earnings account and
Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Anhui Huaheng's Retained Earnings and Total Assets is 0.9. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Assets in the same time period over historical financial statements of Anhui Huaheng Biotechnology, assuming nothing else is changed. The correlation between historical values of Anhui Huaheng's Retained Earnings and Total 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 Anhui Huaheng Biotechnology are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Retained Earnings i.e., Anhui Huaheng's Retained Earnings and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
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 Assets
Total assets refers to the total amount of Anhui Huaheng 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 Anhui Huaheng Biotec 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.
Most indicators from Anhui Huaheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anhui Huaheng Biotec 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 Anhui Huaheng Biotechnology. 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 72.1
M, whereas
Selling General Administrative is forecasted to decline to about 92.5
M.
Anhui Huaheng fundamental ratios Correlations
Click cells to compare fundamentals
Anhui Huaheng Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Anhui Huaheng fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Anhui Stock
Balance Sheet is a snapshot of the
financial position of Anhui Huaheng Biotec at a specified time, usually calculated after every quarter, six months, or one year. Anhui Huaheng Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Anhui Huaheng 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 Anhui currently owns. An asset can also be divided into two categories, current and non-current.