002765 Stock | | | 8.69 0.41 4.51% |
Chongqing Landai financial indicator trend analysis is way more than just evaluating Chongqing Landai Pow prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Landai Pow is a good investment. Please check the relationship between Chongqing Landai Total Assets and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Landai Powertrain. 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 Assets vs Accounts Payable
Total Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chongqing Landai Pow Total Assets account and
Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Chongqing Landai's Total Assets and Accounts Payable is 0.85. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Chongqing Landai Powertrain, assuming nothing else is changed. The correlation between historical values of Chongqing Landai's Total Assets 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 Assets of Chongqing Landai Powertrain 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 Assets i.e., Chongqing Landai's Total Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of Chongqing Landai assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Chongqing Landai Pow books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Accounts Payable
An accounting item on the balance sheet that represents Chongqing Landai 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 Chongqing Landai Pow 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 Chongqing Landai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Landai Pow 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 Chongqing Landai Powertrain. 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 November 25, 2024,
Selling General Administrative is expected to decline to about 77.4
M. The current year's
Tax Provision is expected to grow to about (11.7
M)
Chongqing Landai fundamental ratios Correlations
Click cells to compare fundamentals
Chongqing Landai Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chongqing Landai fundamental ratios Accounts
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Other Information on Investing in Chongqing Stock
Balance Sheet is a snapshot of the
financial position of Chongqing Landai Pow at a specified time, usually calculated after every quarter, six months, or one year. Chongqing Landai Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing Landai 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 Chongqing currently owns. An asset can also be divided into two categories, current and non-current.