SBC Retained Earnings vs Long Term Investments Analysis
| SBCWW Stock | 0.26 0.01 3.70% |
SBC Medical financial indicator trend analysis is much more than just breaking down SBC Medical Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SBC Medical Group is a good investment. Please check the relationship between SBC Medical Retained Earnings and its Long Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SBC Medical Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
Retained Earnings vs Long Term Investments
Retained Earnings vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SBC Medical Group Retained Earnings account and Long Term Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between SBC Medical's Retained Earnings and Long Term Investments is -0.81. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of SBC Medical Group, assuming nothing else is changed. The correlation between historical values of SBC Medical's Retained Earnings and Long Term Investments 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 SBC Medical Group are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Retained Earnings i.e., SBC Medical's Retained Earnings and Long Term Investments go up and down completely randomly.
Correlation Coefficient | -0.81 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
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.Long Term Investments
Long Term Investments is an item on the asset side of SBC Medical balance sheet that represents investments SBC Medical Group intends to hold for over a year. SBC Medical Group long term investments may include different instruments such as stocks, bonds, real estate and cash.Most indicators from SBC Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SBC Medical Group 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SBC Medical Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. Tax Provision is likely to drop to about 29.2 M in 2024. Selling General Administrative is likely to drop to about 63.9 M in 2024
| 2010 | 2023 | 2024 (projected) | Net Interest Income | 440.9K | 41.5K | 39.4K | Tax Provision | 18.1M | 35.0M | 29.2M |
SBC Medical fundamental ratios Correlations
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SBC Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running SBC Medical's price analysis, check to measure SBC Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SBC Medical is operating at the current time. Most of SBC Medical's value examination focuses on studying past and present price action to predict the probability of SBC Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SBC Medical's price. Additionally, you may evaluate how the addition of SBC Medical to your portfolios can decrease your overall portfolio volatility.