Mingzhu Average Payables from 2010 to 2024

YGMZ Stock  USD 1.08  0.03  2.70%   
Mingzhu Logistics Average Payables yearly trend continues to be fairly stable with very little volatility. Average Payables will likely drop to about 1.1 M in 2024. Average Payables is the average amount owed to suppliers and creditors over a specific period, reflecting Mingzhu Logistics' payment cycle and credit terms with suppliers. View All Fundamentals
 
Average Payables  
First Reported
2010-12-31
Previous Quarter
1.2 M
Current Value
1.1 M
Quarterly Volatility
90.7 K
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Mingzhu Logistics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mingzhu Logistics' main balance sheet or income statement drivers, such as Tax Provision of 436.1 K, Depreciation And Amortization of 1.6 M or Interest Expense of 576.3 K, as well as many indicators such as Price To Sales Ratio of 1.07, Dividend Yield of 0.0084 or PTB Ratio of 2.14. Mingzhu financial statements analysis is a perfect complement when working with Mingzhu Logistics Valuation or Volatility modules.
  
Check out the analysis of Mingzhu Logistics Correlation against competitors.

Latest Mingzhu Logistics' Average Payables Growth Pattern

Below is the plot of the Average Payables of Mingzhu Logistics Holdings over the last few years. It is the average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers. Mingzhu Logistics' Average Payables historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Mingzhu Logistics' overall financial position and show how it may be relating to other accounts over time.
Average Payables10 Years Trend
Very volatile
   Average Payables   
       Timeline  

Mingzhu Average Payables Regression Statistics

Arithmetic Mean1,284,176
Geometric Mean1,281,163
Coefficient Of Variation7.06
Mean Deviation53,097
Median1,277,090
Standard Deviation90,651
Sample Variance8.2B
Range420K
R-Value(0.04)
Mean Square Error8.8B
R-Squared0
Significance0.89
Slope(826.71)
Total Sum of Squares115B

Mingzhu Average Payables History

20241.1 M
20231.2 M
20211.4 M
20201.5 M
20191.2 M

About Mingzhu Logistics Financial Statements

Mingzhu Logistics investors use historical fundamental indicators, such as Mingzhu Logistics' Average Payables, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Mingzhu Logistics. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Average Payables1.2 M1.1 M

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Additional Tools for Mingzhu Stock Analysis

When running Mingzhu Logistics' price analysis, check to measure Mingzhu Logistics' 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 Mingzhu Logistics is operating at the current time. Most of Mingzhu Logistics' value examination focuses on studying past and present price action to predict the probability of Mingzhu Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mingzhu Logistics' price. Additionally, you may evaluate how the addition of Mingzhu Logistics to your portfolios can decrease your overall portfolio volatility.