| 001318 Stock | | | 14.31 0.76 5.61% |
Jiangxi Sunshine financial indicator trend analysis is infinitely more than just investigating Jiangxi Sunshine Dairy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangxi Sunshine Dairy is a good investment. Please check the relationship between Jiangxi Sunshine Accounts Payable and its Cash And Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangxi Sunshine Dairy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Accounts Payable vs Cash And Short Term Investments
Accounts Payable vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jiangxi Sunshine Dairy Accounts Payable account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Jiangxi Sunshine's Accounts Payable and Cash And Short Term Investments is 0.78. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Jiangxi Sunshine Dairy, assuming nothing else is changed. The correlation between historical values of Jiangxi Sunshine's Accounts Payable and Cash And Short 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 Accounts Payable of Jiangxi Sunshine Dairy are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Accounts Payable i.e., Jiangxi Sunshine's Accounts Payable and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.78 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Jiangxi Sunshine 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 Jiangxi Sunshine Dairy 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.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Jiangxi Sunshine Dairy balance sheet. This account contains Jiangxi Sunshine investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Jiangxi Sunshine Dairy fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Jiangxi Sunshine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangxi Sunshine Dairy 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 Jiangxi Sunshine Dairy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Selling General Administrative is expected to grow to about 51.4
M, whereas
Tax Provision is forecasted to decline to about 7.7
M.
Jiangxi Sunshine fundamental ratios Correlations
Click cells to compare fundamentals
Jiangxi Sunshine Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jiangxi Sunshine fundamental ratios Accounts
Also Currently Popular
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 Jiangxi Stock
Balance Sheet is a snapshot of the
financial position of Jiangxi Sunshine Dairy at a specified time, usually calculated after every quarter, six months, or one year. Jiangxi Sunshine Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jiangxi Sunshine 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 Jiangxi currently owns. An asset can also be divided into two categories, current and non-current.