| 300281 Stock | | | 5.89 0.23 3.76% |
Guangdong Jinming financial indicator trend analysis is much more than just examining Guangdong Jinming latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Jinming is a good investment. Please check the relationship between Guangdong Jinming Accounts Payable and its Good Will accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Jinming Machinery. 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 Good Will
Accounts Payable vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guangdong Jinming Accounts Payable account and
Good Will. At this time, the significance of the direction appears to have strong relationship.
The correlation between Guangdong Jinming's Accounts Payable and Good Will is 0.69. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Good Will in the same time period over historical financial statements of Guangdong Jinming Machinery, assuming nothing else is changed. The correlation between historical values of Guangdong Jinming's Accounts Payable and Good Will 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 Guangdong Jinming Machinery are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Accounts Payable i.e., Guangdong Jinming's Accounts Payable and Good Will go up and down completely randomly.
Correlation Coefficient | 0.69 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Guangdong Jinming 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 Guangdong Jinming 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.
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from Guangdong Jinming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Jinming 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 Guangdong Jinming Machinery. 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 25.1
M, whereas
Tax Provision is projected to grow to (2.1
M).
Guangdong Jinming fundamental ratios Correlations
Click cells to compare fundamentals
Guangdong Jinming Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guangdong Jinming fundamental ratios Accounts
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Other Information on Investing in Guangdong Stock
Balance Sheet is a snapshot of the
financial position of Guangdong Jinming at a specified time, usually calculated after every quarter, six months, or one year. Guangdong Jinming Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangdong Jinming 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 Guangdong currently owns. An asset can also be divided into two categories, current and non-current.