Jiangsu Other Current Liab vs Accounts Payable Analysis
301116 Stock | 13.69 0.30 2.24% |
Jiangsu Yike financial indicator trend analysis is infinitely more than just investigating Jiangsu Yike Food recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangsu Yike Food is a good investment. Please check the relationship between Jiangsu Yike Other Current Liab and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangsu Yike Food. 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.
Other Current Liab vs Accounts Payable
Other Current Liab vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiangsu Yike Food Other Current Liab account and Accounts Payable. At this time, the significance of the direction appears to have pay attention.
The correlation between Jiangsu Yike's Other Current Liab and Accounts Payable is -0.77. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Jiangsu Yike Food, assuming nothing else is changed. The correlation between historical values of Jiangsu Yike's Other Current Liab 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 Other Current Liab of Jiangsu Yike Food 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 Other Current Liab i.e., Jiangsu Yike's Other Current Liab and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.77 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Current Liab
Accounts Payable
An accounting item on the balance sheet that represents Jiangsu Yike 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 Jiangsu Yike Food 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 Jiangsu Yike's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangsu Yike Food 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 Jiangsu Yike Food. 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 270.1 M, whereas Tax Provision is projected to grow to (345.1 K).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 51.4M | 72.8M | 71.4M | 65.7M | Interest Income | 1.4M | 4.2M | 2.8M | 5.3M |
Jiangsu Yike fundamental ratios Correlations
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Jiangsu Yike Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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 Jiangsu Stock
Balance Sheet is a snapshot of the financial position of Jiangsu Yike Food at a specified time, usually calculated after every quarter, six months, or one year. Jiangsu Yike Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jiangsu Yike 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 Jiangsu currently owns. An asset can also be divided into two categories, current and non-current.