SY Stock | | | USD 0.89 0.01 1.14% |
So Young financial indicator trend analysis is much more than just breaking down So Young International prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether So Young International is a good investment. Please check the relationship between So Young Net Invested Capital and its Other Current Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in So Young International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Net Invested Capital vs Other Current Assets
Net Invested Capital vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
So Young International Net Invested Capital account and
Other Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between So Young's Net Invested Capital and Other Current Assets is 0.8. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of So Young International, assuming nothing else is changed. The correlation between historical values of So Young's Net Invested Capital and Other 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 Net Invested Capital of So Young International are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Invested Capital i.e., So Young's Net Invested Capital and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
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.
Most indicators from So Young's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into So Young International 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 So Young International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Sales General And Administrative To Revenue is likely to rise to 0.20 in 2024, despite the fact that
Tax Provision is likely to grow to (9.2
M).
So Young fundamental ratios Correlations
Click cells to compare fundamentals
So Young Account Relationship Matchups
High Positive Relationship
High Negative Relationship
So Young fundamental ratios Accounts
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