| 300122 Stock | | | 26.10 0.07 0.27% |
Chongqing Zhifei financial indicator trend analysis is way more than just evaluating Chongqing Zhifei Bio prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Zhifei Bio is a good investment. Please check the relationship between Chongqing Zhifei Accounts Payable and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Zhifei Bio. 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 Total Stockholder Equity
Accounts Payable vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chongqing Zhifei Bio Accounts Payable account and
Total Stockholder Equity. At this time, the significance of the direction appears to have totally related.
The correlation between Chongqing Zhifei's Accounts Payable and Total Stockholder Equity is 0.99. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Chongqing Zhifei Bio, assuming nothing else is changed. The correlation between historical values of Chongqing Zhifei's Accounts Payable and Total Stockholder Equity 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 Chongqing Zhifei Bio are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Accounts Payable i.e., Chongqing Zhifei's Accounts Payable and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Chongqing Zhifei 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 Zhifei Bio 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.
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Chongqing Zhifei's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Zhifei Bio 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 Zhifei Bio. 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 133.5
M, whereas
Tax Provision is forecasted to decline to about 748.3
M.
Chongqing Zhifei fundamental ratios Correlations
Click cells to compare fundamentals
Chongqing Zhifei Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chongqing Zhifei 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 Zhifei Bio at a specified time, usually calculated after every quarter, six months, or one year. Chongqing Zhifei Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing Zhifei 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.