| 002021 Stock | | | 2.40 0.18 6.98% |
Zoje Resources financial indicator trend analysis is more than just analyzing Zoje Resources Investment current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zoje Resources Investment is a good investment. Please check the relationship between Zoje Resources Accounts Payable and its Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zoje Resources Investment. 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.
Accounts Payable vs Short Term Investments
Accounts Payable vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zoje Resources Investment Accounts Payable account and
Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between Zoje Resources' Accounts Payable and Short Term Investments is 0.21. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Zoje Resources Investment, assuming nothing else is changed. The correlation between historical values of Zoje Resources' Accounts Payable 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 Zoje Resources Investment are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Accounts Payable i.e., Zoje Resources' Accounts Payable and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.21 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Zoje Resources 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 Zoje Resources Investment 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.
Short Term Investments
Short Term Investments is an item under the current assets section of Zoje Resources balance sheet. It contains any investments Zoje Resources Investment undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Zoje Resources Investment can easily liquidate in the marketplace.
Most indicators from Zoje Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zoje Resources Investment 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 Zoje Resources Investment. 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.
The current year's
Selling General Administrative is expected to grow to about 111.7
M. The current year's
Tax Provision is expected to grow to about 11.1
MZoje Resources fundamental ratios Correlations
Click cells to compare fundamentals
Zoje Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zoje Resources fundamental ratios Accounts
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Other Information on Investing in Zoje Stock
Balance Sheet is a snapshot of the
financial position of Zoje Resources Investment at a specified time, usually calculated after every quarter, six months, or one year. Zoje Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zoje Resources 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 Zoje currently owns. An asset can also be divided into two categories, current and non-current.