Changsha Accounts Payable vs Other Current Liab Analysis

300474 Stock   101.69  7.31  6.71%   
Changsha Jingjia financial indicator trend analysis is way more than just evaluating Changsha Jingjia Mic prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changsha Jingjia Mic is a good investment. Please check the relationship between Changsha Jingjia Accounts Payable and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Changsha Jingjia Microelectronics. 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 Other Current Liab

Accounts Payable vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changsha Jingjia Mic Accounts Payable account and Other Current Liab. At this time, the significance of the direction appears to have no relationship.
The correlation between Changsha Jingjia's Accounts Payable and Other Current Liab is 0.04. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Changsha Jingjia Microelectronics, assuming nothing else is changed. The correlation between historical values of Changsha Jingjia's Accounts Payable and Other Current Liab 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 Changsha Jingjia Microelectronics are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Accounts Payable i.e., Changsha Jingjia's Accounts Payable and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.04
Relationship DirectionPositive 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents Changsha Jingjia 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 Changsha Jingjia Mic 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.

Other Current Liab

Most indicators from Changsha Jingjia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changsha Jingjia Mic 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 Changsha Jingjia Microelectronics. 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.
As of December 27, 2024, Selling General Administrative is expected to decline to about 63.2 M. The current year's Tax Provision is expected to grow to about (67.6 M)
 2021 2022 2023 2024 (projected)
Operating Income298.1M319.1M18.8M17.9M
Total Revenue1.1B1.2B713.2M505.8M

Changsha Jingjia fundamental ratios Correlations

0.210.941.00.980.910.960.810.930.860.940.870.950.850.80.990.420.930.920.960.90.230.80.250.820.97
0.210.090.240.220.360.040.530.10.410.010.020.030.270.450.29-0.360.370.060.310.090.16-0.080.61-0.260.18
0.940.090.920.960.810.990.630.950.710.960.960.980.80.650.940.360.810.940.840.880.070.74-0.040.820.89
1.00.240.920.970.910.940.840.920.880.920.850.930.840.820.980.390.950.90.970.890.270.780.30.80.97
0.980.220.960.970.90.970.740.930.830.950.90.960.880.750.970.420.890.930.920.90.210.810.170.780.94
0.910.360.810.910.90.840.820.850.950.840.690.830.940.860.910.430.960.830.950.930.220.830.340.770.93
0.960.040.990.940.970.840.640.960.750.990.930.990.820.650.950.470.840.960.870.920.10.830.020.870.93
0.810.530.630.840.740.820.640.590.810.570.590.610.680.870.790.120.920.570.910.650.450.520.570.480.81
0.930.10.950.920.930.850.960.590.80.990.860.950.820.640.930.40.810.980.840.920.050.770.030.850.9
0.860.410.710.880.830.950.750.810.80.770.560.730.850.850.870.350.920.780.910.840.360.720.530.70.88
0.940.010.960.920.950.840.990.570.990.770.880.980.830.610.920.50.810.980.850.940.060.840.00.890.92
0.870.020.960.850.90.690.930.590.860.560.880.910.670.590.870.220.740.870.760.780.150.62-0.130.720.8
0.950.030.980.930.960.830.990.610.950.730.980.910.850.640.930.520.810.940.850.910.050.84-0.010.870.91
0.850.270.80.840.880.940.820.680.820.850.830.670.850.770.830.520.860.80.870.910.070.850.170.760.88
0.80.450.650.820.750.860.650.870.640.850.610.590.640.770.820.170.870.590.840.690.30.570.460.550.75
0.990.290.940.980.970.910.950.790.930.870.920.870.930.830.820.340.920.910.930.890.230.750.270.780.93
0.42-0.360.360.390.420.430.470.120.40.350.50.220.520.520.170.340.330.40.40.54-0.170.840.050.640.5
0.930.370.810.950.890.960.840.920.810.920.810.740.810.860.870.920.330.80.990.890.330.760.40.740.96
0.920.060.940.90.930.830.960.570.980.780.980.870.940.80.590.910.40.80.830.920.160.770.030.850.9
0.960.310.840.970.920.950.870.910.840.910.850.760.850.870.840.930.40.990.830.90.310.80.380.780.98
0.90.090.880.890.90.930.920.650.920.840.940.780.910.910.690.890.540.890.920.90.080.90.080.920.94
0.230.160.070.270.210.220.10.450.050.360.060.150.050.070.30.23-0.170.330.160.310.080.020.580.060.25
0.8-0.080.740.780.810.830.830.520.770.720.840.620.840.850.570.750.840.760.770.80.90.020.120.880.86
0.250.61-0.040.30.170.340.020.570.030.530.0-0.13-0.010.170.460.270.050.40.030.380.080.580.12-0.060.26
0.82-0.260.820.80.780.770.870.480.850.70.890.720.870.760.550.780.640.740.850.780.920.060.88-0.060.86
0.970.180.890.970.940.930.930.810.90.880.920.80.910.880.750.930.50.960.90.980.940.250.860.260.86
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Changsha Jingjia Account Relationship Matchups

Changsha Jingjia fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6B3.0B3.3B4.0B4.2B4.4B
Other Current Liab44.7M58.9M109.3M1.4M7.2M6.8M
Total Current Liabilities187.2M335.9M367.3M364.2M602.2M632.3M
Total Stockholder Equity2.4B2.5B2.9B3.3B3.4B3.6B
Other Liab29.0M52.2M71.9M75.4M86.7M91.0M
Retained Earnings714.0M885.4M1.1B1.2B1.2B623.8M
Accounts Payable111.5M197.3M205.3M279.2M344.7M362.0M
Cash1.3B1.2B1.2B846.9M1.1B684.6M
Other Assets41.9M37.9M54.9M142.7M164.1M172.3M
Net Receivables602.9M387.6M799.0M850.4M635.8M430.0M
Inventory179.0M294.1M454.0M596.3M637.1M669.0M
Other Current Assets38.8M57.7M44.8M32.4M99.7M104.6M
Total Liab239.4M508.0M460.3M657.2M780.7M819.7M
Intangible Assets85.4M178.4M189.1M211.1M213.7M108.6M
Common Stock301.4M301.3M301.2M301.2M346.4M215.2M
Property Plant Equipment272.0M314.4M348.8M452.6M520.5M546.5M
Long Term Debt3.5M100.1M0.0197.8M46M57.0M
Net Tangible Assets2.1B2.3B2.4B2.7B3.1B1.8B
Deferred Long Term Liab5.7M16.0M13.7M34.1M39.2M41.1M
Total Current Assets2.2B2.4B2.5B2.8B2.9B2.0B
Non Current Assets Total440.7M659.2M866.9M1.2B1.3B733.3M
Non Currrent Assets Other440.7M9.3M59.7M51.1M40.3M38.3M
Non Current Liabilities Total52.2M172.0M93.0M293.0M178.4M118.7M
Non Current Liabilities Other20.4M15.8M17.7M17.9M10.3M13.1M
Common Stock Shares Outstanding301.3M301.2M301.2M454.7M457.7M375.3M
Net Invested Capital2.4B2.6B2.9B3.5B3.5B2.8B
Net Working Capital2.0B2.0B2.1B2.4B2.3B2.1B
Capital Stock301.3M301.2M301.2M454.6M457.6M388.2M

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Other Information on Investing in Changsha Stock

Balance Sheet is a snapshot of the financial position of Changsha Jingjia Mic at a specified time, usually calculated after every quarter, six months, or one year. Changsha Jingjia Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Changsha Jingjia 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 Changsha currently owns. An asset can also be divided into two categories, current and non-current.