Taihai Inventory vs Accounts Payable Analysis
002366 Stock | 5.51 0.07 1.29% |
Taihai Manoir financial indicator trend analysis is much more than just breaking down Taihai Manoir Nuclear prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Taihai Manoir Nuclear is a good investment. Please check the relationship between Taihai Manoir Inventory and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Taihai Manoir Nuclear. 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.
Inventory vs Accounts Payable
Inventory vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Taihai Manoir Nuclear Inventory account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Taihai Manoir's Inventory and Accounts Payable is 0.78. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Taihai Manoir Nuclear, assuming nothing else is changed. The correlation between historical values of Taihai Manoir's Inventory 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 Inventory of Taihai Manoir Nuclear 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 Inventory i.e., Taihai Manoir's Inventory and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Inventory
Accounts Payable
An accounting item on the balance sheet that represents Taihai Manoir 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 Taihai Manoir Nuclear 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 Taihai Manoir's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Taihai Manoir Nuclear 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 Taihai Manoir Nuclear. 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 December 11, 2024, Selling General Administrative is expected to decline to about 37.7 M. In addition to that, Tax Provision is expected to decline to about 2.1 M
Taihai Manoir fundamental ratios Correlations
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Taihai Manoir Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Taihai Manoir fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.6B | 5.7B | 5.0B | 8.8B | 8.3B | 4.6B | |
Other Current Liab | 303.6M | 757.2M | 866.6M | 11.3M | 4.0M | 3.8M | |
Total Current Liabilities | 3.8B | 4.3B | 4.7B | 1.6B | 1.2B | 2.0B | |
Total Stockholder Equity | 2.3B | 819.8M | (17.3M) | 4.6B | 4.7B | 4.9B | |
Other Liab | 107.8M | 135.8M | 159.1M | 141.1M | 162.2M | 170.4M | |
Retained Earnings | 1.3B | (182.3M) | (1.0B) | (851.3M) | (643.3M) | (611.2M) | |
Accounts Payable | 264.6M | 185.3M | 172.4M | 135.9M | 371.2M | 243.7M | |
Cash | 71.6M | 72.7M | 87.8M | 2.6B | 2.0B | 2.1B | |
Net Receivables | 1.4B | 803.1M | 1.7B | 552.3M | 322.2M | 306.0M | |
Inventory | 2.1B | 541.5M | 541.6M | 490.5M | 861.4M | 875.6M | |
Other Current Assets | 35.6M | 40.0M | 355.0M | 29.6M | 122.2M | 142.6M | |
Total Liab | 4.1B | 4.8B | 4.9B | 3.6B | 3.2B | 2.6B | |
Intangible Assets | 178.5M | 173.2M | 160.9M | 296.4M | 276.2M | 290.0M | |
Property Plant Equipment | 2.4B | 2.3B | 2.2B | 2.0B | 2.3B | 1.4B | |
Other Assets | 490.1M | 538.9M | 195.7M | 177.7M | 204.3M | 238.4M | |
Net Tangible Assets | 2.8B | 2.1B | 646.5M | (178.2M) | (160.4M) | (152.4M) | |
Long Term Debt | 215.1M | 179.8M | 0.0 | 991.2M | 1.5B | 798.6M | |
Short Long Term Debt | 1.4B | 1.4B | 1.3B | 78.1M | 70.3M | 66.8M | |
Total Current Assets | 3.6B | 3.0B | 2.4B | 5.4B | 4.5B | 3.9B | |
Non Current Assets Total | 3.0B | 2.8B | 2.6B | 3.3B | 3.8B | 3.3B | |
Non Currrent Assets Other | 535.3M | 191.2M | 176.6M | 72.8M | 131.4M | 216.8M | |
Non Current Liabilities Total | 350.8M | 415.5M | 173.3M | 2.0B | 2.0B | 1.1B | |
Other Stockholder Equity | 5.3M | 6.9M | 8.1M | 8.8M | 10.2M | 6.2M | |
Net Debt | 1.6B | 1.3B | 1.5B | 1.3B | 1.1B | 1.2B | |
Net Invested Capital | 3.7B | 2.4B | 1.3B | 5.6B | 6.1B | 4.6B | |
Net Working Capital | (192.0M) | (1.4B) | (2.3B) | 3.9B | 3.3B | 3.5B |
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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 Taihai Stock
Balance Sheet is a snapshot of the financial position of Taihai Manoir Nuclear at a specified time, usually calculated after every quarter, six months, or one year. Taihai Manoir Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Taihai Manoir 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 Taihai currently owns. An asset can also be divided into two categories, current and non-current.