ZheJiang Deferred Long Term Liab vs Accounts Payable Analysis

002615 Stock   7.92  0.12  1.54%   
ZheJiang Haers financial indicator trend analysis is more than just analyzing ZheJiang Haers Vacuum current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZheJiang Haers Vacuum is a good investment. Please check the relationship between ZheJiang Haers Deferred Long Term Liab and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ZheJiang Haers Vacuum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Deferred Long Term Liab vs Accounts Payable

Deferred Long Term Liab vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ZheJiang Haers Vacuum Deferred Long Term Liab account and Accounts Payable. At this time, the significance of the direction appears to have pay attention.
The correlation between ZheJiang Haers' Deferred Long Term Liab and Accounts Payable is -0.79. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of ZheJiang Haers Vacuum, assuming nothing else is changed. The correlation between historical values of ZheJiang Haers' Deferred Long Term Liab 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 Deferred Long Term Liab of ZheJiang Haers Vacuum 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 Deferred Long Term Liab i.e., ZheJiang Haers' Deferred Long Term Liab and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.79
Relationship DirectionNegative 
Relationship StrengthWeak

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

Accounts Payable

An accounting item on the balance sheet that represents ZheJiang Haers 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 ZheJiang Haers Vacuum 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 ZheJiang Haers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZheJiang Haers Vacuum 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 ZheJiang Haers Vacuum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of November 26, 2024, Selling General Administrative is expected to decline to about 168.7 M. The current year's Tax Provision is expected to grow to about (21.5 M)
 2021 2022 2023 2024 (projected)
Operating Income216.3M269.7M251.8M264.4M
Total Revenue2.4B2.4B2.4B1.3B

ZheJiang Haers fundamental ratios Correlations

0.340.960.90.870.840.71-0.050.840.870.980.60.960.830.890.970.840.330.77-0.70.910.940.770.19-0.730.28
0.340.380.230.170.08-0.060.280.270.260.390.360.380.510.190.40.030.1-0.02-0.380.40.16-0.070.02-0.03-0.33
0.960.380.760.80.810.63-0.160.880.880.990.711.00.840.870.960.830.420.65-0.70.910.920.750.28-0.70.32
0.90.230.760.850.750.740.050.590.710.80.320.740.640.780.850.730.130.88-0.580.750.840.710.05-0.690.08
0.870.170.80.850.940.820.030.680.750.820.480.780.710.950.830.890.180.8-0.730.860.90.890.08-0.770.16
0.840.080.810.750.940.86-0.090.770.710.830.450.810.650.920.780.940.310.74-0.790.840.920.87-0.03-0.870.4
0.71-0.060.630.740.820.86-0.250.560.420.640.10.610.330.740.560.890.330.78-0.530.620.840.69-0.21-0.880.35
-0.050.28-0.160.050.03-0.09-0.250.01-0.04-0.12-0.03-0.120.270.010.03-0.21-0.22-0.17-0.10.01-0.22-0.18-0.270.26-0.1
0.840.270.880.590.680.770.560.010.780.880.650.920.820.80.820.740.410.46-0.650.880.810.640.17-0.580.63
0.870.260.880.710.750.710.42-0.040.780.90.80.880.840.820.920.630.060.55-0.580.840.770.80.56-0.420.23
0.980.390.990.80.820.830.64-0.120.880.90.690.990.850.880.970.820.370.67-0.720.920.930.760.27-0.70.32
0.60.360.710.320.480.450.1-0.030.650.80.690.710.780.680.720.410.140.16-0.560.730.480.640.65-0.120.04
0.960.381.00.740.780.810.61-0.120.920.880.990.710.860.870.950.820.420.62-0.70.920.910.730.26-0.680.39
0.830.510.840.640.710.650.330.270.820.840.850.780.860.820.90.60.240.46-0.680.910.70.640.32-0.40.16
0.890.190.870.780.950.920.740.010.80.820.880.680.870.820.890.90.30.7-0.780.930.90.910.2-0.720.22
0.970.40.960.850.830.780.560.030.820.920.970.720.950.90.890.760.290.69-0.70.920.880.780.33-0.610.18
0.840.030.830.730.890.940.89-0.210.740.630.820.410.820.60.90.760.490.75-0.680.790.940.82-0.02-0.90.39
0.330.10.420.130.180.310.33-0.220.410.060.370.140.420.240.30.290.490.08-0.340.290.360.1-0.19-0.540.34
0.77-0.020.650.880.80.740.78-0.170.460.550.670.160.620.460.70.690.750.08-0.520.650.850.74-0.09-0.780.13
-0.7-0.38-0.7-0.58-0.73-0.79-0.53-0.1-0.65-0.58-0.72-0.56-0.7-0.68-0.78-0.7-0.68-0.34-0.52-0.78-0.69-0.690.150.69-0.15
0.910.40.910.750.860.840.620.010.880.840.920.730.920.910.930.920.790.290.65-0.780.880.810.24-0.620.24
0.940.160.920.840.90.920.84-0.220.810.770.930.480.910.70.90.880.940.360.85-0.690.880.830.07-0.870.38
0.77-0.070.750.710.890.870.69-0.180.640.80.760.640.730.640.910.780.820.10.74-0.690.810.830.31-0.640.18
0.190.020.280.050.08-0.03-0.21-0.270.170.560.270.650.260.320.20.33-0.02-0.19-0.090.150.240.070.310.33-0.17
-0.73-0.03-0.7-0.69-0.77-0.87-0.880.26-0.58-0.42-0.7-0.12-0.68-0.4-0.72-0.61-0.9-0.54-0.780.69-0.62-0.87-0.640.33-0.39
0.28-0.330.320.080.160.40.35-0.10.630.230.320.040.390.160.220.180.390.340.13-0.150.240.380.18-0.17-0.39
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ZheJiang Haers Account Relationship Matchups

ZheJiang Haers fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B2.1B2.3B2.4B2.8B1.4B
Other Current Liab44.9M67.4M85.2M100.7M880.7K836.7K
Total Current Liabilities948.8M1.0B1.1B868.8M1.0B546.4M
Total Stockholder Equity890.9M809.2M953.1M1.4B1.5B772.2M
Retained Earnings404.6M343.4M478.9M622.9M618.8M649.7M
Accounts Payable302.8M397.7M585.7M449.0M623.9M655.1M
Cash500.2M588.3M666.6M814.1M848.6M891.0M
Other Assets12.9M13.0M18.5M21.2M24.3M28.5M
Long Term Debt247.2M264.2M281.9M80.1M289.0M182.4M
Net Receivables230.5M129.3M219.8M152.0M226.1M135.2M
Inventory421.0M437.6M515.7M413.3M495.4M270.6M
Other Current Assets37.2M26.8M27.3M16.1M20.2M22.0M
Total Liab1.2B1.3B1.4B970.6M1.3B678.8M
Intangible Assets98.3M93.9M86.4M79.9M106.3M63.7M
Property Plant Equipment698.6M659.1M707.7M733.8M843.8M429.6M
Other Liab7.7M10.7M9.4M10.1M11.6M12.2M
Net Tangible Assets763.2M697.8M849.3M1.3B1.5B846.1M
Deferred Long Term Liab4.8M2.6M2.1M2.8M2.5M2.5M
Total Current Assets1.2B1.2B1.4B1.4B1.8B1.2B
Non Current Assets Total901.0M844.4M895.4M917.0M1.0B988.4M
Non Currrent Assets Other955.5M901.0M2.4M3.5M33.9M32.2M
Non Current Liabilities Total254.9M274.9M304.6M101.8M308.3M248.2M
Other Stockholder Equity40.2M48.2M50.2M(6.1M)(7.1M)(6.7M)
Short Long Term Debt449.9M479.6M307.8M217.2M56.5M53.6M
Net Invested Capital1.6B1.6B1.5B1.7B1.8B1.7B
Net Working Capital242.1M236.3M353.1M566.8M768.8M807.2M

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Other Information on Investing in ZheJiang Stock

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