Shenzhen Total Current Liabilities vs Accounts Payable Analysis

002334 Stock   7.90  0.20  2.47%   
Shenzhen INVT financial indicator trend analysis is much more than just breaking down Shenzhen INVT Electric prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen INVT Electric is a good investment. Please check the relationship between Shenzhen INVT Total Current Liabilities and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen INVT Electric. 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.

Total Current Liabilities vs Accounts Payable

Total Current Liabilities vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen INVT Electric Total Current Liabilities account and Accounts Payable. At this time, the significance of the direction appears to have totally related.
The correlation between Shenzhen INVT's Total Current Liabilities and Accounts Payable is 0.99. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Shenzhen INVT Electric, assuming nothing else is changed. The correlation between historical values of Shenzhen INVT's Total Current Liabilities 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 Total Current Liabilities of Shenzhen INVT Electric 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 Total Current Liabilities i.e., Shenzhen INVT's Total Current Liabilities and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Liabilities

Total Current Liabilities is an item on Shenzhen INVT balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Shenzhen INVT Electric are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Accounts Payable

An accounting item on the balance sheet that represents Shenzhen INVT 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 Shenzhen INVT Electric 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 Shenzhen INVT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen INVT Electric 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 Shenzhen INVT Electric. 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 Tax Provision is expected to grow to about 73.8 M, whereas Selling General Administrative is forecasted to decline to about 285.6 M.
 2021 2022 2023 2024 (projected)
Operating Income199.2M315.3M442.4M464.5M
Total Revenue3.0B4.1B4.6B4.8B

Shenzhen INVT fundamental ratios Correlations

0.670.960.80.990.970.640.630.920.960.350.970.770.710.960.830.92-0.23-0.690.760.89-0.830.780.890.90.79
0.670.760.640.650.710.450.30.670.710.230.70.370.520.590.560.540.11-0.630.60.62-0.710.660.790.750.71
0.960.760.740.950.990.550.540.940.980.30.990.690.710.950.820.91-0.2-0.80.760.88-0.90.870.910.950.88
0.80.640.740.820.750.790.520.750.780.270.710.680.870.70.50.65-0.07-0.660.680.57-0.630.710.760.740.63
0.990.650.950.820.950.580.550.920.950.320.950.820.750.930.790.9-0.18-0.70.730.84-0.820.780.860.890.79
0.970.710.990.750.950.560.560.920.970.290.990.710.720.970.830.93-0.28-0.80.770.88-0.880.850.90.940.87
0.640.450.550.790.580.560.570.540.610.060.550.430.560.550.440.42-0.09-0.480.580.49-0.480.540.630.560.37
0.630.30.540.520.550.560.570.490.530.650.590.20.260.650.570.67-0.4-0.280.550.61-0.440.390.520.540.52
0.920.670.940.750.920.920.540.490.930.240.910.720.760.860.640.830.02-0.830.60.76-0.850.890.810.90.86
0.960.710.980.780.950.970.610.530.930.270.960.710.740.930.780.86-0.19-0.810.740.8-0.860.830.880.920.86
0.350.230.30.270.320.290.060.650.240.270.330.050.120.360.380.44-0.2-0.060.340.36-0.250.160.310.30.24
0.970.70.990.710.950.990.550.590.910.960.330.690.650.980.890.94-0.3-0.730.810.92-0.880.820.920.950.85
0.770.370.690.680.820.710.430.20.720.710.050.690.670.690.510.68-0.12-0.540.470.6-0.560.580.580.60.5
0.710.520.710.870.750.720.560.260.760.740.120.650.670.610.330.58-0.01-0.80.490.44-0.590.760.620.650.62
0.960.590.950.70.930.970.550.650.860.930.360.980.690.610.910.96-0.43-0.670.820.9-0.860.780.880.920.81
0.830.560.820.50.790.830.440.570.640.780.380.890.510.330.910.86-0.52-0.380.870.91-0.730.540.860.810.62
0.920.540.910.650.90.930.420.670.830.860.440.940.680.580.960.86-0.46-0.60.80.91-0.770.720.830.870.82
-0.230.11-0.2-0.07-0.18-0.28-0.09-0.40.02-0.19-0.2-0.3-0.12-0.01-0.43-0.52-0.46-0.06-0.49-0.360.060.04-0.24-0.17-0.15
-0.69-0.63-0.8-0.66-0.7-0.8-0.48-0.28-0.83-0.81-0.06-0.73-0.54-0.8-0.67-0.38-0.6-0.06-0.42-0.470.8-0.93-0.63-0.77-0.82
0.760.60.760.680.730.770.580.550.60.740.340.810.470.490.820.870.8-0.49-0.420.82-0.630.590.930.840.65
0.890.620.880.570.840.880.490.610.760.80.360.920.60.440.90.910.91-0.36-0.470.82-0.730.630.880.830.69
-0.83-0.71-0.9-0.63-0.82-0.88-0.48-0.44-0.85-0.86-0.25-0.88-0.56-0.59-0.86-0.73-0.770.060.8-0.63-0.73-0.92-0.78-0.92-0.79
0.780.660.870.710.780.850.540.390.890.830.160.820.580.760.780.540.720.04-0.930.590.63-0.920.760.90.83
0.890.790.910.760.860.90.630.520.810.880.310.920.580.620.880.860.83-0.24-0.630.930.88-0.780.760.940.78
0.90.750.950.740.890.940.560.540.90.920.30.950.60.650.920.810.87-0.17-0.770.840.83-0.920.90.940.89
0.790.710.880.630.790.870.370.520.860.860.240.850.50.620.810.620.82-0.15-0.820.650.69-0.790.830.780.89
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Shenzhen INVT Account Relationship Matchups

Shenzhen INVT fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B2.8B3.5B4.9B5.2B5.4B
Other Current Liab109.3M125.4M185.2M666.3M278.1M147.5M
Total Current Liabilities1.1B1.1B1.4B2.2B1.9B2.0B
Total Stockholder Equity1.6B1.7B1.9B2.3B2.6B1.4B
Retained Earnings647.4M783.0M965.3M1.2B1.4B1.4B
Accounts Payable593.7M678.3M753.3M1.2B1.0B1.1B
Cash494.9M611.2M668.5M721.8M957.6M540.6M
Other Assets120.5M113.6M109.7M150.4M172.9M181.6M
Net Receivables837.6M532.2M837.5M1.0B1.1B1.2B
Inventory386.6M449.2M714.3M831.7M734.7M771.5M
Other Current Assets73.6M77.8M117.7M186.2M219.1M230.1M
Total Liab1.1B1.2B1.6B2.6B2.5B2.6B
Intangible Assets117.1M113.9M125.1M119.4M182.7M191.9M
Common Stock754.2M753.5M753.5M782.3M899.6M476.7M
Property Plant Equipment484.2M562.1M717.3M902.2M1.0B1.1B
Other Liab38.2M34.7M33.3M52.9M60.8M63.8M
Good Will328.9M198.8M61.3M50.2M45.2M42.9M
Net Tangible Assets1.4B1.5B1.7B2.1B2.4B1.7B
Deferred Long Term Liab34.6M19.9M14.3M12.3M11.1M10.5M
Total Current Assets1.8B1.9B2.4B3.6B3.7B2.6B
Non Current Assets Total859.9M946.4M1.1B1.3B1.4B1.2B
Non Currrent Assets Other36.7M36.7M37.6M68.9M46.0M44.4M
Non Current Liabilities Total38.2M84.7M206.1M318.2M547.6M574.9M
Short Long Term Debt259M151M270.7M202.8M160.2M221.1M
Common Stock Shares Outstanding754.2M753.5M753.5M791.7M801.4M842.9M
Net Invested Capital1.8B1.9B2.3B2.7B3.1B2.5B
Net Working Capital734.9M812.6M956.5M1.3B1.8B1.2B

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Other Information on Investing in Shenzhen Stock

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