| 300314 Stock | | | 12.62 0.28 2.27% |
Ningbo David financial indicator trend analysis is infinitely more than just investigating Ningbo David Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo David Medical is a good investment. Please check the relationship between Ningbo David Accounts Payable and its Common Stock accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo David Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Accounts Payable vs Common Stock
Accounts Payable vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ningbo David Medical Accounts Payable account and
Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ningbo David's Accounts Payable and Common Stock is 0.63. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Common Stock in the same time period over historical financial statements of Ningbo David Medical, assuming nothing else is changed. The correlation between historical values of Ningbo David's Accounts Payable and Common Stock 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 Ningbo David Medical are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Accounts Payable i.e., Ningbo David's Accounts Payable and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.63 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Ningbo David 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 Ningbo David Medical 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.
Common Stock
Most indicators from Ningbo David's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo David Medical 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 Ningbo David Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
As of December 1, 2024,
Selling General Administrative is expected to decline to about 76.2
M. In addition to that,
Tax Provision is expected to decline to about 12.8
MNingbo David fundamental ratios Correlations
Click cells to compare fundamentals
Ningbo David Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ningbo David fundamental ratios Accounts
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Other Information on Investing in Ningbo Stock
Balance Sheet is a snapshot of the
financial position of Ningbo David Medical at a specified time, usually calculated after every quarter, six months, or one year. Ningbo David Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo David 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 Ningbo currently owns. An asset can also be divided into two categories, current and non-current.