600015 Stock | | | 7.25 0.07 0.97% |
Hua Xia financial indicator trend analysis is much more than just examining Hua Xia Bank latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hua Xia Bank is a good investment. Please check the relationship between Hua Xia Accounts Payable and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hua Xia Bank. 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.
Accounts Payable vs Inventory
Accounts Payable vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hua Xia Bank Accounts Payable account and
Inventory. At this time, the significance of the direction appears to have no relationship.
The correlation between Hua Xia's Accounts Payable and Inventory is 0.02. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Inventory in the same time period over historical financial statements of Hua Xia Bank, assuming nothing else is changed. The correlation between historical values of Hua Xia's Accounts Payable and Inventory 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 Hua Xia Bank are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Accounts Payable i.e., Hua Xia's Accounts Payable and Inventory go up and down completely randomly.
Correlation Coefficient | 0.02 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Hua Xia 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 Hua Xia Bank 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.
Inventory
Most indicators from Hua Xia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hua Xia Bank 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 Hua Xia Bank. 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.
As of November 26, 2024,
Selling General Administrative is expected to decline to about 8
B. In addition to that,
Tax Provision is expected to decline to about 7.4
BHua Xia fundamental ratios Correlations
Click cells to compare fundamentals
Hua Xia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hua Xia fundamental ratios Accounts
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Other Information on Investing in Hua Stock
Balance Sheet is a snapshot of the
financial position of Hua Xia Bank at a specified time, usually calculated after every quarter, six months, or one year. Hua Xia Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hua Xia 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 Hua currently owns. An asset can also be divided into two categories, current and non-current.