300252 Stock | | | 8.99 0.03 0.33% |
Kingsignal Technology financial indicator trend analysis is infinitely more than just investigating Kingsignal Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kingsignal Technology is a good investment. Please check the relationship between Kingsignal Technology Inventory and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Kingsignal Technology Co. 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.
Inventory vs Accounts Payable
Inventory vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kingsignal Technology Inventory account and
Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Kingsignal Technology's Inventory and Accounts Payable is 0.88. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Kingsignal Technology Co, assuming nothing else is changed. The correlation between historical values of Kingsignal Technology's Inventory 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 Inventory of Kingsignal Technology Co 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 Inventory i.e., Kingsignal Technology's Inventory and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Inventory
Accounts Payable
An accounting item on the balance sheet that represents Kingsignal Technology 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 Kingsignal Technology 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 Kingsignal Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kingsignal Technology 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 Kingsignal Technology Co. 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.
At present, Kingsignal Technology's
Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's
Tax Provision is expected to grow to about 27.3
M, whereas
Discontinued Operations is forecasted to decline to about 11
M.
Kingsignal Technology fundamental ratios Correlations
Click cells to compare fundamentals
Kingsignal Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kingsignal Technology fundamental ratios Accounts
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Other Information on Investing in Kingsignal Stock
Balance Sheet is a snapshot of the
financial position of Kingsignal Technology at a specified time, usually calculated after every quarter, six months, or one year. Kingsignal Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kingsignal Technology 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 Kingsignal currently owns. An asset can also be divided into two categories, current and non-current.