| 300600 Stock | | | 7.78 0.13 1.64% |
Changshu Ruite financial indicator trend analysis is way more than just evaluating Changshu Ruite Electric prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changshu Ruite Electric is a good investment. Please check the relationship between Changshu Ruite Property Plant And Equipment Net and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Changshu Ruite Electric. 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.
Property Plant And Equipment Net vs Accounts Payable
Property Plant And Equipment Net vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Changshu Ruite Electric Property Plant And Equipment Net account and
Accounts Payable. At this time, the significance of the direction appears to have weak relationship.
The correlation between Changshu Ruite's Property Plant And Equipment Net and Accounts Payable is 0.31. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Changshu Ruite Electric, assuming nothing else is changed. The correlation between historical values of Changshu Ruite's Property Plant And Equipment Net 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 Property Plant And Equipment Net of Changshu Ruite Electric 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 Property Plant And Equipment Net i.e., Changshu Ruite's Property Plant And Equipment Net and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.31 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Accounts Payable
An accounting item on the balance sheet that represents Changshu Ruite 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 Changshu Ruite Electric 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 Changshu Ruite's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changshu Ruite Electric 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 Changshu Ruite Electric. 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.
The current year's
Selling General Administrative is expected to grow to about 22.5
M, whereas
Tax Provision is projected to grow to (4.6
M).
Changshu Ruite fundamental ratios Correlations
Click cells to compare fundamentals
Changshu Ruite Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Changshu Ruite fundamental ratios Accounts
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Other Information on Investing in Changshu Stock
Balance Sheet is a snapshot of the
financial position of Changshu Ruite Electric at a specified time, usually calculated after every quarter, six months, or one year. Changshu Ruite Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Changshu Ruite 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 Changshu currently owns. An asset can also be divided into two categories, current and non-current.