| 000636 Stock | | | 15.35 0.22 1.45% |
Guangdong Fenghua financial indicator trend analysis is much more than just examining Guangdong Fenghua latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Fenghua is a good investment. Please check the relationship between Guangdong Fenghua Other Liab and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Fenghua Advanced. 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.
Other Liab vs Accounts Payable
Other Liab vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guangdong Fenghua Other Liab account and
Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Guangdong Fenghua's Other Liab and Accounts Payable is 0.95. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Guangdong Fenghua Advanced, assuming nothing else is changed. The correlation between historical values of Guangdong Fenghua's Other Liab and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Guangdong Fenghua Advanced are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Other Liab i.e., Guangdong Fenghua's Other Liab and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Other Liab
Accounts Payable
An accounting item on the balance sheet that represents Guangdong Fenghua obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Guangdong Fenghua are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Guangdong Fenghua's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Fenghua 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 Guangdong Fenghua Advanced. 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 November 29, 2024,
Selling General Administrative is expected to decline to about 63.3
M. In addition to that,
Tax Provision is expected to decline to about 1.9
MGuangdong Fenghua fundamental ratios Correlations
Click cells to compare fundamentals
Guangdong Fenghua Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guangdong Fenghua fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Guangdong Stock
Balance Sheet is a snapshot of the
financial position of Guangdong Fenghua at a specified time, usually calculated after every quarter, six months, or one year. Guangdong Fenghua Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangdong Fenghua 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 Guangdong currently owns. An asset can also be divided into two categories, current and non-current.