| 002526 Stock | | | 2.68 0.12 4.29% |
Shandong Mining financial indicator trend analysis is much more than just breaking down Shandong Mining Machinery prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Mining Machinery is a good investment. Please check the relationship between Shandong Mining Cash and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Mining Machinery. 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.
Cash vs Accounts Payable
Cash vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shandong Mining Machinery Cash account and
Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Shandong Mining's Cash and Accounts Payable is 0.55. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Shandong Mining Machinery, assuming nothing else is changed. The correlation between historical values of Shandong Mining's Cash 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 Cash of Shandong Mining Machinery 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 Cash i.e., Shandong Mining's Cash and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.55 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Shandong Mining Machinery, which is listed under current asset account on Shandong Mining Machinery balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shandong Mining customers. The amounts must be unrestricted with restricted cash listed in a different Shandong Mining account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Accounts Payable
An accounting item on the balance sheet that represents Shandong Mining 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 Shandong Mining Machinery 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 Shandong Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Mining Machinery 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 Shandong Mining Machinery. 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 141.6
M, whereas
Tax Provision is forecasted to decline to about 40.8
M.
Shandong Mining fundamental ratios Correlations
Click cells to compare fundamentals
Shandong Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shandong Mining fundamental ratios Accounts
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Other Information on Investing in Shandong Stock
Balance Sheet is a snapshot of the
financial position of Shandong Mining Machinery at a specified time, usually calculated after every quarter, six months, or one year. Shandong Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shandong Mining 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 Shandong currently owns. An asset can also be divided into two categories, current and non-current.