Super-Dragon Capital Stock vs Accounts Payable Analysis

301131 Stock   38.95  1.66  4.45%   
Super-Dragon Engineering financial indicator trend analysis is much more than just breaking down Super-Dragon Engineering prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Super-Dragon Engineering is a good investment. Please check the relationship between Super-Dragon Engineering Capital Stock and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Super Dragon Engineering Plastics. 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.

Capital Stock vs Accounts Payable

Capital Stock vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Super-Dragon Engineering Capital Stock account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Super-Dragon Engineering's Capital Stock and Accounts Payable is 0.83. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Super Dragon Engineering Plastics, assuming nothing else is changed. The correlation between historical values of Super-Dragon Engineering's Capital Stock 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 Capital Stock of Super Dragon Engineering Plastics 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 Capital Stock i.e., Super-Dragon Engineering's Capital Stock and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Accounts Payable

An accounting item on the balance sheet that represents Super-Dragon Engineering 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 Super-Dragon Engineering 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 Super-Dragon Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Super-Dragon Engineering 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 Super Dragon Engineering Plastics. 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 1, 2024, Tax Provision is expected to decline to about 4.5 M. In addition to that, Selling General Administrative is expected to decline to about 23.8 M
 2021 2022 2023 2024 (projected)
Interest Expense20.3M17.2M15.8M25.0M
Interest Income896.5K2.4M2.4M2.0M

Super-Dragon Engineering fundamental ratios Correlations

-0.730.880.970.710.980.920.940.990.960.970.910.90.960.820.930.990.951.00.910.910.890.960.840.96
-0.73-0.56-0.79-0.17-0.58-0.68-0.87-0.75-0.79-0.68-0.88-0.42-0.56-0.57-0.55-0.74-0.65-0.71-0.88-0.7-0.74-0.83-0.41-0.83
0.88-0.560.740.720.870.970.790.880.850.950.730.780.860.470.980.80.920.880.730.620.930.830.70.83
0.97-0.790.740.570.920.820.960.970.950.880.960.830.890.890.80.990.860.960.960.970.820.960.80.96
0.71-0.170.720.570.830.640.460.640.570.770.370.930.880.630.810.680.830.740.370.630.480.50.860.51
0.98-0.580.870.920.830.880.860.950.90.950.810.970.990.840.940.970.960.980.810.90.810.890.910.89
0.92-0.680.970.820.640.880.890.930.940.970.830.760.860.550.960.860.930.910.830.70.980.890.650.89
0.94-0.870.790.960.460.860.890.970.980.890.980.720.820.750.80.940.850.920.980.870.910.970.640.97
0.99-0.750.880.970.640.950.930.970.980.950.940.850.920.790.910.980.920.990.940.90.920.980.790.98
0.96-0.790.850.950.570.90.940.980.980.940.940.790.880.740.870.950.910.950.940.860.930.950.670.95
0.97-0.680.950.880.770.950.970.890.950.940.830.880.950.690.980.930.990.970.830.80.910.90.790.9
0.91-0.880.730.960.370.810.830.980.940.940.830.660.760.740.740.920.770.891.00.870.880.980.640.98
0.9-0.420.780.830.930.970.760.720.850.790.880.660.980.850.880.90.910.920.660.860.650.750.950.76
0.96-0.560.860.890.880.990.860.820.920.880.950.760.980.830.930.950.970.970.760.880.770.840.910.85
0.82-0.570.470.890.630.840.550.750.790.740.690.740.850.830.60.890.720.830.740.980.490.750.850.75
0.93-0.550.980.80.810.940.960.80.910.870.980.740.880.930.60.870.960.930.740.720.90.850.80.85
0.99-0.740.80.990.680.970.860.940.980.950.930.920.90.950.890.870.920.990.920.960.830.950.850.95
0.95-0.650.920.860.830.960.930.850.920.910.990.770.910.970.720.960.920.950.770.810.850.850.810.85
1.0-0.710.880.960.740.980.910.920.990.950.970.890.920.970.830.930.990.950.890.920.870.950.870.95
0.91-0.880.730.960.370.810.830.980.940.940.831.00.660.760.740.740.920.770.890.870.880.980.640.98
0.91-0.70.620.970.630.90.70.870.90.860.80.870.860.880.980.720.960.810.920.870.660.880.860.88
0.89-0.740.930.820.480.810.980.910.920.930.910.880.650.770.490.90.830.850.870.880.660.920.560.92
0.96-0.830.830.960.50.890.890.970.980.950.90.980.750.840.750.850.950.850.950.980.880.920.741.0
0.84-0.410.70.80.860.910.650.640.790.670.790.640.950.910.850.80.850.810.870.640.860.560.740.75
0.96-0.830.830.960.510.890.890.970.980.950.90.980.760.850.750.850.950.850.950.980.880.921.00.75
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Super-Dragon Engineering Account Relationship Matchups

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Other Information on Investing in Super-Dragon Stock

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