300895 Stock | | | 35.18 0.67 1.94% |
Beijing Topnew financial indicator trend analysis is way more than just evaluating Beijing Topnew Info prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Topnew Info is a good investment. Please check the relationship between Beijing Topnew 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 Beijing Topnew Info. 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.
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
Beijing Topnew Info Property Plant And Equipment Net account and
Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Beijing Topnew's Property Plant And Equipment Net and Accounts Payable is 0.48. 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 Beijing Topnew Info, assuming nothing else is changed. The correlation between historical values of Beijing Topnew'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 Beijing Topnew Info 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., Beijing Topnew's Property Plant And Equipment Net and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.48 |
Relationship Direction | Positive |
Relationship Strength | 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 Beijing Topnew 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 Beijing Topnew Info 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 Beijing Topnew's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Topnew Info 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 Beijing Topnew Info. 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 26.9
M, whereas
Tax Provision is projected to grow to (22.6
M).
Beijing Topnew fundamental ratios Correlations
Click cells to compare fundamentals
Beijing Topnew Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beijing Topnew fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Beijing Stock
Balance Sheet is a snapshot of the
financial position of Beijing Topnew Info at a specified time, usually calculated after every quarter, six months, or one year. Beijing Topnew Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing Topnew 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 Beijing currently owns. An asset can also be divided into two categories, current and non-current.