| 200468 Stock | | | 4.60 0.12 2.68% |
Nanjing Putian financial indicator trend analysis is infinitely more than just investigating Nanjing Putian Telec recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nanjing Putian Telec is a good investment. Please check the relationship between Nanjing Putian Accounts Payable and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Nanjing Putian Telecommunications. 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.
Accounts Payable vs Cash
Accounts Payable vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nanjing Putian Telec Accounts Payable account and
Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nanjing Putian's Accounts Payable and Cash is 0.87. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of Nanjing Putian Telecommunications, assuming nothing else is changed. The correlation between historical values of Nanjing Putian's Accounts Payable and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Nanjing Putian Telecommunications are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Accounts Payable i.e., Nanjing Putian's Accounts Payable and Cash go up and down completely randomly.
Correlation Coefficient | 0.87 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Nanjing Putian 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 Nanjing Putian Telec 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.
Cash
Cash refers to the most liquid asset of Nanjing Putian Telec, which is listed under current asset account on Nanjing Putian Telecommunications balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Nanjing Putian customers. The amounts must be unrestricted with restricted cash listed in a different Nanjing Putian 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.
Most indicators from Nanjing Putian's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nanjing Putian Telec 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 Nanjing Putian Telecommunications. 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 146.1
M. The current year's
Tax Provision is expected to grow to about 5.4
MNanjing Putian fundamental ratios Correlations
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Nanjing Putian Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nanjing Putian fundamental ratios Accounts
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Other Information on Investing in Nanjing Stock
Balance Sheet is a snapshot of the
financial position of Nanjing Putian Telec at a specified time, usually calculated after every quarter, six months, or one year. Nanjing Putian Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nanjing Putian 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 Nanjing currently owns. An asset can also be divided into two categories, current and non-current.