Ningbo Net Receivables vs Accounts Payable Analysis

002322 Stock

13.32 0.16 1.19%

Ningbo Ligong financial indicator trend analysis is infinitely more than just investigating Ningbo Ligong Online recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Ligong Online is a good investment. Please check the relationship between Ningbo Ligong Net Receivables and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Ligong Online. 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.

Net Receivables vs Accounts Payable

Net Receivables vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Ligong Online Net Receivables account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.

The correlation between Ningbo Ligong's Net Receivables and Accounts Payable is 0.75. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Ningbo Ligong Online, assuming nothing else is changed. The correlation between historical values of Ningbo Ligong's Net Receivables 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 Net Receivables of Ningbo Ligong Online 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 Net Receivables i.e., Ningbo Ligong's Net Receivables and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

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Net Receivables

Accounts Payable

An accounting item on the balance sheet that represents Ningbo Ligong 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 Ningbo Ligong Online 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 Ningbo Ligong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Ligong Online 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 Ningbo Ligong Online. 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 109.5 M, whereas Tax Provision is forecasted to decline to about 30 M.

	2021	2022	2023	2024 (projected)
Operating Income	306.2M	244.8M	265.1M	171.7M
Total Revenue	1.1B	972.8M	1.1B	610.4M

Operating Income Total Revenue

Ningbo Ligong fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Good Will	Treasury Stock	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Current Liabilities Total	Short Long Term Debt	Non Current Liabilities Other
Total Assets		0.59	0.87	0.99	0.93	0.8	0.34	0.54	0.88	0.93	0.62	0.87	0.64	0.93	0.84	-0.44	0.94	0.95	0.23	-0.83	0.8	-0.53	0.39	0.6	0.68	-0.07
Other Current Liab	0.59		0.66	0.56	0.43	0.42	0.21	0.04	0.49	0.68	-0.03	0.66	0.55	0.52	0.39	-0.45	0.5	0.61	-0.16	-0.2	0.12	-0.4	0.51	0.27	0.23	0.39
Total Current Liabilities	0.87	0.66		0.81	0.82	0.88	0.02	0.6	0.82	0.88	0.55	1.0	0.49	0.72	0.78	-0.49	0.84	0.85	0.04	-0.75	0.65	-0.51	0.6	0.54	0.81	0.0
Total Stockholder Equity	0.99	0.56	0.81		0.92	0.75	0.39	0.51	0.87	0.91	0.61	0.81	0.65	0.94	0.83	-0.42	0.93	0.94	0.26	-0.82	0.81	-0.51	0.34	0.59	0.63	-0.08
Retained Earnings	0.93	0.43	0.82	0.92		0.88	0.26	0.7	0.83	0.79	0.68	0.83	0.48	0.87	0.93	-0.3	0.81	0.83	0.42	-0.85	0.79	-0.45	0.44	0.67	0.76	-0.11
Accounts Payable	0.8	0.42	0.88	0.75	0.88		-0.02	0.75	0.75	0.68	0.56	0.88	0.26	0.66	0.9	-0.41	0.72	0.74	0.31	-0.8	0.71	-0.47	0.57	0.56	0.76	-0.09
Cash	0.34	0.21	0.02	0.39	0.26	-0.02		0.06	0.28	0.14	0.25	0.02	0.42	0.51	0.28	0.12	0.19	0.21	0.37	0.06	0.0	0.32	-0.2	-0.1	-0.04	-0.21
Other Assets	0.54	0.04	0.6	0.51	0.7	0.75	0.06		0.57	0.38	0.76	0.61	-0.08	0.43	0.79	-0.05	0.5	0.49	0.46	-0.67	0.55	-0.18	0.16	0.59	0.84	-0.47
Net Receivables	0.88	0.49	0.82	0.87	0.83	0.75	0.28	0.57		0.84	0.57	0.82	0.5	0.84	0.83	-0.19	0.8	0.79	0.05	-0.76	0.73	-0.5	0.44	0.5	0.7	-0.03
Inventory	0.93	0.68	0.88	0.91	0.79	0.68	0.14	0.38	0.84		0.47	0.88	0.69	0.84	0.68	-0.43	0.92	0.93	-0.07	-0.76	0.72	-0.62	0.43	0.59	0.63	0.07
Other Current Assets	0.62	-0.03	0.55	0.61	0.68	0.56	0.25	0.76	0.57	0.47		0.55	0.23	0.53	0.62	-0.23	0.69	0.63	0.52	-0.77	0.73	-0.05	-0.15	0.57	0.81	-0.71
Total Liab	0.87	0.66	1.0	0.81	0.83	0.88	0.02	0.61	0.82	0.88	0.55		0.5	0.73	0.78	-0.48	0.84	0.86	0.05	-0.76	0.66	-0.51	0.6	0.55	0.81	0.0
Intangible Assets	0.64	0.55	0.49	0.65	0.48	0.26	0.42	-0.08	0.5	0.69	0.23	0.5		0.74	0.28	-0.33	0.63	0.64	-0.22	-0.39	0.42	-0.44	0.16	0.21	0.21	0.08
Common Stock	0.93	0.52	0.72	0.94	0.87	0.66	0.51	0.43	0.84	0.84	0.53	0.73	0.74		0.76	-0.31	0.83	0.84	0.19	-0.7	0.69	-0.45	0.32	0.48	0.54	-0.04
Property Plant Equipment	0.84	0.39	0.78	0.83	0.93	0.9	0.28	0.79	0.83	0.68	0.62	0.78	0.28	0.76		-0.13	0.69	0.71	0.43	-0.76	0.68	-0.38	0.47	0.63	0.76	-0.1
Other Liab	-0.44	-0.45	-0.49	-0.42	-0.3	-0.41	0.12	-0.05	-0.19	-0.43	-0.23	-0.48	-0.33	-0.31	-0.13		-0.6	-0.63	-0.11	0.43	-0.45	0.37	-0.09	-0.22	-0.23	0.1
Good Will	0.94	0.5	0.84	0.93	0.81	0.72	0.19	0.5	0.8	0.92	0.69	0.84	0.63	0.83	0.69	-0.6		0.99	0.15	-0.88	0.88	-0.55	0.2	0.6	0.69	-0.25
Treasury Stock	0.95	0.61	0.85	0.94	0.83	0.74	0.21	0.49	0.79	0.93	0.63	0.86	0.64	0.84	0.71	-0.63	0.99		0.17	-0.85	0.83	-0.58	0.24	0.64	0.66	-0.17
Net Tangible Assets	0.23	-0.16	0.04	0.26	0.42	0.31	0.37	0.46	0.05	-0.07	0.52	0.05	-0.22	0.19	0.43	-0.11	0.15	0.17		-0.26	0.24	0.4	-0.2	0.32	0.24	-0.48
Deferred Long Term Liab	-0.83	-0.2	-0.75	-0.82	-0.85	-0.8	0.06	-0.67	-0.76	-0.76	-0.77	-0.76	-0.39	-0.7	-0.76	0.43	-0.88	-0.85	-0.26		-0.97	0.61	-0.2	-0.75	-0.79	0.31
Long Term Investments	0.8	0.12	0.65	0.81	0.79	0.71	0.0	0.55	0.73	0.72	0.73	0.66	0.42	0.69	0.68	-0.45	0.88	0.83	0.24	-0.97		-0.59	0.11	0.64	0.67	-0.33
Total Current Assets	-0.53	-0.4	-0.51	-0.51	-0.45	-0.47	0.32	-0.18	-0.5	-0.62	-0.05	-0.51	-0.44	-0.45	-0.38	0.37	-0.55	-0.58	0.4	0.61	-0.59		-0.38	-0.5	-0.34	-0.34
Non Current Assets Total	0.39	0.51	0.6	0.34	0.44	0.57	-0.2	0.16	0.44	0.43	-0.15	0.6	0.16	0.32	0.47	-0.09	0.2	0.24	-0.2	-0.2	0.11	-0.38		0.07	0.32	0.69
Non Current Liabilities Total	0.6	0.27	0.54	0.59	0.67	0.56	-0.1	0.59	0.5	0.59	0.57	0.55	0.21	0.48	0.63	-0.22	0.6	0.64	0.32	-0.75	0.64	-0.5	0.07		0.7	-0.19
Short Long Term Debt	0.68	0.23	0.81	0.63	0.76	0.76	-0.04	0.84	0.7	0.63	0.81	0.81	0.21	0.54	0.76	-0.23	0.69	0.66	0.24	-0.79	0.67	-0.34	0.32	0.7		-0.31
Non Current Liabilities Other	-0.07	0.39	0.0	-0.08	-0.11	-0.09	-0.21	-0.47	-0.03	0.07	-0.71	0.0	0.08	-0.04	-0.1	0.1	-0.25	-0.17	-0.48	0.31	-0.33	-0.34	0.69	-0.19	-0.31

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Ningbo Ligong Account Relationship Matchups

Ningbo Ligong fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.7B	3.7B	3.3B	3.5B	3.7B	2.4B
Other Current Liab	239.1M	142.0M	157.2M	197.7M	6.5M	6.2M
Total Current Liabilities	754.1M	593.6M	409.9M	408.1M	385.4M	289.4M
Total Stockholder Equity	3.0B	3.1B	2.9B	3.1B	3.3B	2.1B
Retained Earnings	1.0B	1.1B	940.4M	1.1B	1.1B	623.6M
Accounts Payable	225.2M	197.0M	159.4M	138.1M	166.3M	84.9M
Cash	428.6M	396.0M	475.7M	590.8M	912.2M	555.4M
Other Assets	122.0M	135.2M	114.9M	121.0M	139.1M	146.1M
Net Receivables	599.8M	357.5M	368.9M	433.4M	438.5M	321.7M
Inventory	250.1M	231.7M	196.3M	186.3M	139.7M	137.1M
Other Current Assets	29.8M	29.4M	19.8M	40.1M	61.8M	64.9M
Total Liab	760.7M	598.8M	426.0M	419.1M	390.9M	294.8M
Intangible Assets	47.3M	44.8M	42.4M	33.3M	28.6M	34.5M
Property Plant Equipment	477.2M	428.8M	439.1M	423.7M	487.2M	266.3M
Other Liab	10.7M	8.5M	6.5M	5.2M	6.0M	6.8M
Good Will	1.6B	1.5B	1.3B	1.3B	1.5B	1.5B
Net Tangible Assets	1.3B	1.5B	1.5B	1.7B	2.0B	1.6B
Total Current Assets	1.4B	1.4B	1.2B	1.4B	1.6B	1.5B
Non Current Assets Total	2.4B	2.3B	2.1B	2.1B	2.1B	1.7B
Non Currrent Assets Other	12.7M	10.0M	2.4M	14.8M	972.9K	924.3K
Non Current Liabilities Total	6.5M	5.2M	16.1M	11.1M	5.6M	8.9M
Short Long Term Debt	125M	290M	221.4M	170.2M	195.8M	189.0M
Net Invested Capital	3.2B	3.3B	2.9B	3.1B	3.3B	2.5B
Net Working Capital	617.2M	771.8M	816.6M	954.8M	1.3B	970.0M

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Other Information on Investing in Ningbo Stock

Balance Sheet is a snapshot of the financial position of Ningbo Ligong Online at a specified time, usually calculated after every quarter, six months, or one year. Ningbo Ligong Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo Ligong 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 Ningbo currently owns. An asset can also be divided into two categories, current and non-current.

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Ningbo Net Receivables vs Accounts Payable Analysis

Net Receivables vs Accounts Payable

Net Receivables vs Accounts Payable Correlation Analysis

Correlation Coefficient

Net Receivables

Accounts Payable

Ningbo Ligong fundamental ratios Correlations

Ningbo Ligong Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningbo Ligong fundamental ratios Accounts

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Other Information on Investing in Ningbo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.99	Total Assets
Treasury Stock	+ 0.99	Good Will
Treasury Stock	+ 0.95	Total Assets
Good Will	+ 0.94	Total Assets
Common Stock	+ 0.94	Total Stockholder Equity

Long Term Investments	- 0.97	Deferred Long Term Liab
Deferred Long Term Liab	- 0.88	Good Will
Deferred Long Term Liab	- 0.85	Treasury Stock
Deferred Long Term Liab	- 0.85	Retained Earnings
Deferred Long Term Liab	- 0.83	Total Assets
Deferred Long Term Liab	- 0.82	Total Stockholder Equity